The Secret Weapon for Entrepreneurs: It’s NOT Revenue! | Shannon Weinstein DSH #530

Unlock the secret weapon for entrepreneurs that’s NOT revenue! 🚀 Join us on the Digital Social Hour with Sean Kelly as we dive deep with Shannon Weinstein, founder of Keep What You Earn. In this riveting episode, Shannon spills the beans on why revenue is a vanity metric and what truly drives your business forward. 💰 Packed with valuable insights, Shannon shares why discipline and strategic spending can transform your entrepreneurial journey. Listen in as she debunks the myth that you need an accountant from day one and offers game-changing advice on focusing on profit and EBITDA over revenue. 📈 Don't miss out on this eye-opening conversation! Watch now and subscribe for more insider secrets. 📺 Hit that subscribe button and stay tuned for more eye-opening stories on the Digital Social Hour with Sean Kelly! 🚀 Join the conversation, get inspired, and learn how to truly keep what you earn. 💼 Tune in now! #DigitalSocialHour #SeanKelly #Podcast #Entrepreneurship #ShannonWeinstein #BusinessGrowth #ProfitOverRevenue #EntrepreneurSuccess #ScalingBusiness #FinancialStrategiesForEntrepreneurs #EntrepreneurAdvice #TaxStrategies CHAPTERS: 00:00 - Intro 00:35 - Do you need an accountant 01:36 - Revenue is a terrible metric 03:18 - Lifetime revenue metric 06:29 - Do you want your businesses to be profitable year 1 07:37 - What are the winning companies doing that the losing companies aren’t 08:53 - What Were You Doing Before You Started Your Business 09:58 - Moving to Costa Rica 12:52 - Are You Launching a Community 14:02 - Biggest Tax Mistakes People Make 17:04 - AI is getting good 18:37 - Scaling vs. growing 19:47 - EBITDA explained 20:40 - Tax returns vs. books 23:15 - Tax strategies are time intensive 24:58 - Audits 27:30 - IRS access to bank accounts 28:25 - How do you find out you're being audited 30:04 - How do they pick who they audit 31:29 - What Counts as a Write-Off 32:42 - What Receipts to Keep 33:45 - 100% Write-Offs 34:20 - Where to Find Shannon APPLY TO BE ON THE PODCAST: https://www.digitalsocialhour.com/application BUSINESS INQUIRIES/SPONSORS: [email protected] GUEST: Shannon Weinstein https://www.instagram.com/shannonkweinstein https://www.keepwhatyouearn.com SPONSORS: Deposyt Payment Processing: https://www.deposyt.com/seankelly LISTEN ON: Apple Podcasts: https://podcasts.apple.com/us/podcast/digital-social-hour/id1676846015 Spotify: https://open.spotify.com/show/5Jn7LXarRlI8Hc0GtTn759 Sean Kelly Instagram: https://www.instagram.com/seanmikekelly/ Learn more about your ad choices. Visit megaphone.fm/adchoices