Josh and Clay see lots of communication that sucks. In this episode, they cover how to choose the proper medium, the difference between reacting and responding, how to make a professional introduction, and why time is your best editor.

Alignment. Expectations. Accountability. Jane Holmes, Founder of Dahlia TalentEQ swings into the pod to address the most common staffing issues. Leadership teams must dedicate time to establishing role clarity and executing a proper recruiting process.

Clay and Josh address the common challenges around payroll. A transparent, well-defined process is critical. Further, your company size, geographical market, and industry must be carefully considered to understand your specific labor market.

Payroll is typically the largest cost associated with running a business. Josh and Clay kick off a series about compensation and benefits with a healthy discussion about salary vs hourly staff, overtime, tracking hours, and mandatory vs non-mandatory events outside of business hours.

Only looking at your financial statements and numbers once per year during tax season is not enough. Martha Gordash, Founder and CEO of Success Profit Planning, a financial services firm that assists small businesses with profitability and cash flow, stops by the pod to share her insights and experiences to help business owners achieve a high level of financial acumen throughout their organization.

The three financial statements are not isolated. Rather, they are connected and related to each other. Rachel Sutton, Co-Founder and CPA of Oak Ledger shares her best practices for business owners to configure their statements in a way that works for them while remaining financially accurate and GAAP compliant.

It’s not enough to see a profitable company on the income statement. That’s where the cash flow statement comes in. Josh and Clay discuss the difference between the statements while also explaining how they’re connected.

The balance sheet represents a snapshot in time of an organization’s assets, liabilities, and equity. Josh and Clay cover the fundamentals of the sheet as well as specific ratios. They also identify which insights the sheet provides and common misunderstandings.