I know Catherine!!!

Look at that!

We worked Census together many years ago I believe

Debbie's Cuisine Catering, LLC B2B is a Basic Need before during and after the Pandemic

That's the $54,000 dollar question for al owners

Thank you for validating!

awesome yes cake for birthday or orange

Snickerdoodle Cupcakes

Love it Chef Debbie! And Ms Sonya!

paid $4.21 a gallon today. Hint: go to BJs or Costco it's cheaper. YOu can get a Bjs card for $25 a year. Pays for itself

Thanks for the tip Laurie!!

Or pay cash at the pump. Eagle stations are Russian owned though, so I am avoiding those.

some stations cheaper with cash payment

should goals & metrics be measured by the competition ?

Is there a pricing formula that can be used also for pricing your product/service

I agree with that sentiment Will. Hard to quantify the costs of competitors, esp. when the scale could be different.

Also, for some of us, I suspect it isn't easy to 'see' what the competition is charging for same service. Goods can be priced online by comparing but so many service businesses do the 'want a quote? send us a message', so you can't easily see what the pricing is.

There is someone for everyone. I like the knowing the industry not for comparison but to understand.

It hard to measure production time for meals because we are in a shared kitchen. Sometimes we have to wait for the cooking equipment to become available for use. How do I solve this problem?

Get a a base time in a reasonable and most desired scenario, then calculate the worst case scenario time to interchange

I'd suggest: think about the time to get the ingredients together, also how much time does it take once the kitchen is available.

We will bring this to Q&A to get additional feedback from Will and you can decide Chef Debbie!

You could also factor in the wait time as a cost too - as Mr Holmes says, you may want to factor in that wait time in reinvestment - maybe use more than one facility

Dr. Rhonda, I think I missed your area of expertise? My screen cut out for a bit.

Wow!!!

Did Hogan waive this fee

can you provide a link to this Catherine? I feel like you don't have to file or pay if your inventory is under 10K?

Question for Catherine: I use Gusto to process payroll. Gusto told me that I am able to process pretax health insurance deductions as owner of my business although no one else on my team has insurance. When I was a individual LLC this was not something I could do. This changed when I was transitioned to an LLC/S-Corp. Recognizing they specialize in Payroll Processing and not Accounting, I wanted to check in on this.

is this necessary for sole props?

also, what if your office is a home office?

Just to clarify as a non-profit you don't have a building right away so is the the personal is the office in their home?

https://dat.maryland.gov/businesses/Documents/21exempt.pdf

Check this to see if your business might be exempt from Personal Property Tax for 2021-22

If we find that something about the business is not sustainable or if we come to the realization that something we're doing doesn't best align with growth and scaling, will we learn how to make necessary adjustments in session or is that why we need to schedule individual calls with Will?

Should a sustainable business create a non profit entity associated with their LLC or S Corp. to increase revenue streams.

Thanks Laurie

Tameaka - I think that the answer is "both" - you will learn the tools throughout the sessions, set up time with Will to help clarify questions you may have. This teaches you how to fish, if that makes sense.

Dr. Farrell is right but it truly has to be someone who has the passion. I love the Check points in there. the Listen and learning THank you so much!

S corps have funny little rules. if you are an S corporation, even if you have the insurance as pretax, insurance will be added back into your income when you complete the K1.

I want make sure you all understand that the link that Laurie shared only pertains to the tax of your county. the state will figure thatif you are exempt from tax when they process your form. The $300 fee is required except if you are a sole proprietor that meets the condition I discuss earlier

SOP's are not in place with my business. It overwhelms me to think about starting. I know it will fix many issues I currently have.

If you think about successful restaurants, like McDonald's, part of the reason that they are successful is consistency - the same burger at the same cost no matter where you go. SOPs help you to keep your vision consistent, every time.

Yes that is good thanks Mr. Brown

What is the starting point in creating the SOP?

To make it easy, Chef Debbie: Think of creating an SOP just like you create a recipe.

Ok1 Thx Mr. Brown

Start with the end you want. Get your ingredients, figure out the time and resources you need,, etc.

SWOT - Strengths, Weaknesses, Opportunities, THreats

thx rennard

Crucial Conversations is it!!

Did you mention a worksheet we can use for SWOT?

Debbie, and maybe if it happens with multiple ppl it might be where SOP is helpful, because they aren't understanding what they need to do or how.

Crucial Conversations Tools for Talking When Stakes Are High, Second Edition - Kerry Patterson

Everyone Communicates, Few Connect - John Maxwell

Laurie, you are correct.

Thank you Tameaka! John Maxwell is a legend

Here is an article on SWOT - https://en.wikipedia.org/wiki/SWOT_analysis

https://www.irs.gov/newsroom/understanding-employee-vs-contractor-designation

https://www.dol.gov/agencies/whd/flsa/misclassification

The biggest trap I've seen small business owners fall into is thinking that the number of hours a person works determines whether or not they are an employee or contractor.

thx tameaka!

Dr. Rhonda Farrell, ceo@gblnnovstratllc.com, GIS

Please reach out to me via LinkedIn: https://www.linkedin.com/in/rennardbrown/ and all cohort members have my email also rabrown2010@gmail.com

Wright way tax solutions 410-383-9575. www.wrightwaytax.com. my office is in towson

The Seven Habits of Highly Effective People Dr. Stephen Covey