S6 E3: Closing Out The Year

In this episode, the hosts discuss the importance of preparing for the end of the year and the upcoming new year in business. They emphasize the need for effective planning, maintaining relationships with accountants, and the significance of tracking financial metrics throughout the year. The conversation discusses mental health, scheduling time with professionals, and practical considerations for year-end financial management.Nugget Alerts:- It's crucial to track your revenue and expenses throughout the year.- Building a good relationship with your accountant can ease year-end stress.- Planning for the new year should start well before January.- Scheduling time with business professionals is essential for success.- Understanding your financial position helps in making informed decisions.- Taking time away from daily operations allows for better goal setting.- You can improve your business processes with each year-end experience.- Consider changing your fiscal year for better planning.- Maximizing retirement contributions can provide tax benefits.- Don't let urgent matters distract from important year-end tasks.#businessofbusiness#twodaughters#thedad#entrepreneur#thedempseys#businesspodcast#nuggetalertDempsey, Weiss & AssociatesMeeting the insurance and financial needs of business owners & individuals in NJ & PA since 1989.J. Faith Hair StudioLocated in south NJ, J Faith Hair Studio is the place to go to become the best version of yourself.Flying High Agility & Dog TrainingHelping people & their pets since 2003. We come to you!Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Email us at: [email protected] Please download our Best of Nuggets eBook here. Like and follow us on FacebookJennifer Faith Dempsey has been in the beauty industry for over 10 years. For the last 5m years, she has owned J. Faith Hair Studio. She brings her experience on how she balances entrepreneurship and motherhood. Check out Jen’s blog.Staci Joy Dempsey is an insurance agent, a mom, and a busy non-profit volunteer. She truly understands what it means to be an entrepreneur. Staci serves as the podcast's host.Jack Dempsey is the dad who heads up this busy family. He is a founding partner in Dempsey, Weiss & Associates, an Elmer, NJ-based insurance and investment firm that began more than 30 years ago.