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
#nuggetalert

Email us at: TwoDaughtersAndTheirDad@gmail.com

Please download our Best of Nuggets eBook here.

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Jennifer 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.

In this episode of the Business of Business podcast, hosts Staci, Jennifer, and Jack Dempsey discuss the role of fear and risk-taking in entrepreneurship. They explore how fear can manifest in business, the importance of taking calculated risks, and the difference between healthy and paralyzing fears. The conversation emphasizes the need for fact-checking fears and recognizing opportunities that arise from challenges. The hosts also highlight the evolution of entrepreneurship and the advantages of starting a business in today's environment.

Nugget Alerts:

• Fear can be a powerful motivator in business.
• Risk-taking is essential for growth and evolution.
• Healthy fear involves due diligence and research.
• Fact-checking fears can help in decision-making.
• Opportunities often arise from challenges and fear.
• Entrepreneurs can fail fast and learn quickly.
• The landscape of entrepreneurship has changed for the better.
• Building confidence in risk-taking is crucial.
• Mentorship plays a vital role in overcoming fear.
• Embracing fear can lead to fulfillment and success.

#businessofbusiness
#twodaughters
#thedad
#entrepreneur
#thedempseys
#businesspodcast
#nuggetalert

Email us at: TwoDaughtersAndTheirDad@gmail.com

Please download our Best of Nuggets eBook here.

Like and follow us on Facebook

Jennifer 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.

In this episode of the Business of Business podcast, hosts Staci, Jennifer, and Jack Dempsey answer your questions, and candidly discuss their business experiences, focusing on overcoming challenges, establishing effective routines, and the importance of motivation. They share personal anecdotes and insights on navigating the ups and downs of entrepreneurship, emphasizing the significance of understanding one's 'why' and the value of community support. The conversation also touches on the best and worst advice they've received throughout their careers, providing listeners with practical takeaways for their own journeys.

Nugget Alerts

• Understanding your 'why' can help you stay motivated.
• The first three years in business are often the hardest.
• Establishing a morning routine can set the tone for the day.
• Change is a natural part of entrepreneurship.
• Consistency is key, even when motivation wanes.
• Reflecting on personal values can guide business decisions.
• Helping others can be a powerful motivator.
• It's important to separate work and personal time.
• Community involvement can enhance business success.
• Listening to motivational content can inspire growth.

#businessofbusiness
#twodaughters
#thedad
#entrepreneur
#thedempseys
#businesspodcast
#nuggetalert

Email us at: TwoDaughtersAndTheirDad@gmail.com

Please download our Best of Nuggets eBook here.

Like and follow us on Facebook

Jennifer 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.

In this episode, the hosts reflect on the highlights of Season Five of the Business of Business podcast, discussing themes of change, success, mindset, and the importance of mentorship. They express gratitude to their listeners and share insights from their experiences and guest appearances, emphasizing the evolving nature of entrepreneurship and the lessons learned throughout the season.

Nugget Alerts

• Thank you to our listeners for an amazing season five.
• Starting something new can be scary, but just start.
• Change is essential for entrepreneurship and success.
• Success is not solely defined by money.
• Mindset shifts are crucial in hiring and recruiting.
• Mentorship is different from management and both are important.
• Guest insights provide valuable lessons on growth and mindset.
• The landscape of business has changed significantly post-COVID.
• Understanding revenue versus profit is vital for business health.
• Planning and strategy are key when approaching mentorship.

#businessofbusiness
#twodaughters
#thedad
#entrepreneur
#thedempseys
#businesspodcast
#nuggetalert

Email us at: TwoDaughtersAndTheirDad@gmail.com

Please download our Best of Nuggets eBook here.

Like and follow us on Facebook

Jennifer 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.

In this episode, Jack and Jennifer discuss the differences between managing and mentoring in a business context. Jennifer shares her personal journey of transitioning from a management role to a mentorship role, highlighting the challenges she faced and the positive changes that resulted from this shift. They explore the importance of self-development for leaders, the balance between management and mentorship, and the necessity of continuous learning in entrepreneurship.

Nugget Alerts
- Managing and mentoring serve different purposes in business.
- Jennifer shifted from managing to mentoring to align with her passion.
- Effective mentorship can lead to significant positive changes in a business.
- Self-development is crucial for effective leadership.
- Identifying the right fit for employees is essential for business success.
- Management can be exhausting if it doesn't align with one's strengths.
- Continuous learning is vital for leaders to provide value to their teams.
- Balancing management and mentorship can enhance workplace culture.
- Entrepreneurs should focus on what drives revenue and happiness in their business.
- Investing in personal growth can lead to better leadership outcomes.

Email us at: TwoDaughtersAndTheirDad@gmail.com

Please download our Best of Nuggets eBook here.

Like and follow us on Facebook

Jennifer 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.

In this episode of the Business of Business podcast, host Staci J Dempsey, her father Jack, and sister Jennifer welcome Ryan Peeters, owner of Path to Movement Health and Wellness. Ryan shares his journey from traditional healthcare to entrepreneurship, emphasizing the importance of building relationships, mentorship, and systematizing business operations. He discusses the challenges of balancing work and family life, and overcoming perfectionism, and offers valuable advice for aspiring entrepreneurs. The conversation highlights the significance of passion, community connection, and the need to bet on oneself in the entrepreneurial journey.

Nugget Alerts

• Ryan transitioned from traditional healthcare to entrepreneurship due to dissatisfaction with the system.
• Building relationships with clients is crucial for long-term success.
• Mentorship played a significant role in Ryan's business journey.
• Systematizing operations helps in managing a growing business effectively.
• Balancing work and family life is essential for personal well-being.
• Perfectionism can hinder progress; it's important to take action.
• Owning your schedule is more important than just managing a to-do list.
• Community connection is vital for business growth.
• Aspiring entrepreneurs should not wait for everything to be perfect before starting.
• Betting on oneself is key to overcoming challenges in entrepreneurship.

Ryan can be found at www.yourpathtomovement.com

#businessofbusiness
#twodaughters
#thedad
#entrepreneur
#thedempseys
#businesspodcast
#nuggetalert

Email us at: TwoDaughtersAndTheirDad@gmail.com

Please download our Best of Nuggets eBook here.

Like and follow us on Facebook

Jennifer 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.

Summary

In this episode of the Business of Business podcast, hosts Staci, Jennifer, and Jack discuss transitioning from home-based businesses to brick-and-mortar establishments. They explore creative solutions such as business collaborations, networking, and community building as stepping stones for entrepreneurs. The conversation also delves into the challenges of navigating real estate, the importance of marketing and communication, and the legal considerations involved in shared business spaces. The episode concludes with reflections on the excitement of seeing businesses thrive in the community.

Takeaways

• Exploring options between home-based and brick-and-mortar businesses is essential.
• Creative collaborations can reduce overhead costs for new businesses.
• Networking is crucial for building a supportive business community.
• Marketing and communication strategies must be clear and effective.
• Legal considerations are vital when sharing business spaces.
• Shared spaces can provide exposure and reduce risks for new entrepreneurs.
• Community engagement can enhance business visibility and success.
• Understanding real estate dynamics is key for business expansion.
• Innovative solutions can help navigate the challenges of entrepreneurship.
• The excitement of business growth is a shared community experience.

#businessofbusiness
#twodaughters
#thedad
#entrepreneur
#thedempseys
#businesspodcast

Email us at: TwoDaughtersAndTheirDad@gmail.com

Please download our Best of Nuggets eBook here.

Like and follow us on Facebook

Jennifer 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.

Summary
In this episode, the hosts discuss the possibility of a recession and what it means for businesses. They define a recession as a slowing of the economy, which leads to job losses and higher unemployment rates. They also explain how high inflation can contribute to a recession. The hosts explore whether businesses can be recession-proof or recession-prone and provide examples of industries more susceptible to economic downturns. They advise business owners to analyze their business and customer base to determine their vulnerability to a recession. The hosts also discuss the importance of being creative and finding ways to make it easier for customers to do business during a recession.

Takeaways

• A recession is a slowing of the economy that leads to job losses and higher unemployment rates.
• High inflation can contribute to a recession.
• Some businesses are more recession-proof than others, depending on their industry and customer base.
• Business owners should analyze their business and customer base to determine their vulnerability to a recession.
• Being creative and finding ways to make it easier for customers to do business can help mitigate the impact of a recession.

#businessofbusiness
#twodaughters
#thedad
#entrepreneur
#thedempseys
#businesspodcast
#nuggetalert

Email us at: TwoDaughtersAndTheirDad@gmail.com

Please download our Best of Nuggets eBook here.

Like and follow us on Facebook

Jennifer 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.