How to Bounce Back From Financial Struggles feat. Softpaw Vintage
Elvis Duran and the Morning Show ON DEMAND
Elvis Duran Podcast Network and iHeartPodcasts
4.7 • 1.2K Ratings
🗓️ 21 March 2024
⏱️ 32 minutes
🧾️ Download transcript
Summary
For small business owners, it’s important to celebrate every success, but it’s also important to remember that behind every accomplishment there are plenty of hardships, missteps, and valuable lessons. Going into business for yourself is not easy and often comes with economic ups and downs and hard-to-decipher tax codes - among many other challenges. That’s why persevering and learning how to adapt and overcome any problems that arise is so important for every entrepreneur. On this episode, Austin and Jannese talk about the hurdles they faced and unexpected problems that arose in the initial phases of launching their businesses. Entrepreneur Taylor Randal of Softpaw Vintage details her journey of starting a business and sticking through the challenges to find success, even when an unexpected tax bill threatened to derail her entire enterprise.
Learn more about how QuickBooks can help you grow your business:
For a recap from this week’s episode visit:
Episode 5 Recap with Taylor Randal of Southpaw Vintage
Or learn more about this topic at this resource: 7 Cash flow problems & solutions for small businesses
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Transcript
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| 0:00.0 | The views information or opinions expressed during this podcast are solely those of the individuals involved and do not represent those of Intuit Quickbooks or any of its cornerstone brands or employees. |
| 0:09.0 | This podcast does not constitute financial, legal, or other professional advice or services. |
| 0:13.4 | No assurance is given that the info is comprehensive, accurate, or free of errors. |
| 0:17.2 | And the information presented is for general information purposes only. |
| 0:20.1 | Intuit QuickBooks does not have any responsibility for updating or revising any information presented. |
| 0:24.4 | Listeners should verify statements before relying on them. |
| 0:26.8 | QuickBooks Money is a standalone Intuit offering. |
| 0:28.9 | Banking services provided by Green Dot Bank, member FDIC. Hey everyone, I'm Austin Hankowitz. |
| 0:37.0 | And I'm Janice Torres. |
| 0:40.0 | Welcome to Mind the Business, Small Business Success Stories, a podcast brought to you by |
| 0:44.7 | Intuit QuickBooks and I Heart Radio's Ruby Studio. |
| 0:47.9 | In each episode, Austin and I chat with small business owners as they share their stories about |
| 0:52.4 | the ups and downs of |
| 0:54.1 | owning a small business. Plus we'll learn from their experience about how you can |
| 0:57.7 | help fortify and strengthen your own business. |
| 1:00.3 | Austin, we talk a lot about the excitement and rewards of starting our own business, but it's not all smiles and unicorns, is it? |
| 1:08.8 | It is not all rainbows and unicorns, definitely not, right? On one hand, going into business for yourself |
| 1:14.1 | is very rewarding, but on the other hand, |
| 1:16.4 | it can also be very difficult. |
| 1:18.9 | You know, I will never forget about five years ago when I got my first surprise four-figure tax bill after having |
| 1:26.8 | my taxes done professionally for the first time. I want to say I made like |
| 1:30.8 | $26,000 with my side hustle and I didn't know anything about estimated taxes |
... |
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