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    <title>Smart Books Smart Tax </title>
    <description>160 million small businesses power the global economy, yet 61% struggle with cash flow and 43% are at risk of making payroll, that’s the facts! Smart Books Smart Tax is here to fight back! Every week, we sit down with top guest experts to uncover actionable tips on tax strategy, bookkeeping &amp; accounting, cash flow management, hiring, and more. Our goal is simple: help SMBs get better.</description>
    <copyright>Pod Parrot LLC </copyright>
    <language>en</language>
    <pubDate>Thu, 12 Sep 2019 08:12:01 +0000</pubDate>
    <lastBuildDate>Thu, 12 Sep 2019 08:15:43 +0000</lastBuildDate>
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      <link>http://smartbookssmarttax.com</link>
      <title>Smart Books Smart Tax </title>
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    <link href="http://smartbookssmarttax.com" rel="self">http://smartbookssmarttax.com</link>
    <itunes:type>episodic</itunes:type>
    <itunes:summary>160 million small businesses power the global economy, yet 61% struggle with cash flow and 43% are at risk of making payroll, that’s the facts! Smart Books Smart Tax is here to fight back! Every week, we sit down with top guest experts to uncover actionable tips on tax strategy, bookkeeping &amp; accounting, cash flow management, hiring, and more. Our goal is simple: help SMBs get better.</itunes:summary>
    <itunes:author>Pod Parrot </itunes:author>
    <itunes:explicit>no</itunes:explicit>
    <itunes:image href="https://cdn.simplecast.com/images/ad0f2491-5661-4bcf-880c-9f81e672aaf0/7526d59e-0a04-4c8f-81a7-07b4d57046b2/3000x3000/Smart_Books_Smart_Tax.jpg?aid=rss_feed"/>
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    <itunes:keywords>Tax strategy, Bookkeeping, Accounting, Cash flow management, Hiring</itunes:keywords>
    <itunes:owner>
      <itunes:name>Vernon Foster II </itunes:name>
      <itunes:email>success@podparrot.com</itunes:email>
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    <itunes:category text="Business"/>
    <itunes:category text="Government"/>
    <itunes:category text="Education"/>
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      <title>SMART BOOKS SMART TAX EPISODE 16: BARBARA WELTMON</title>
      <description>
        <![CDATA[<p>During this conversation, we'll cover:</p>
<ul>
<li>the state of the markets and how it affects your relationship with employees - 3:03</li>
<li>where to find compromise with your top talent - 4:23</li>
<li>how to allow employees the opportunity to truly invest in your company - 9:01</li>
<li>hiring &quot;potential&quot; when qualifications can't be met - 13:35</li>
<li>fairly compensating interns - 17:08</li>
</ul>
<p>LINKS MENTIONED:</p>
]]>
      </description>
      <pubDate>Thu, 12 Sep 2019 08:12:01 +0000</pubDate>
      <author>success@podparrot.com (Vernon Foster II )</author>
      <link>https://www.smartbookssmarttax.com/episodes/barbara-weltmon-OSYjWHDr</link>
      <content:encoded>
        <![CDATA[<p>During this conversation, we'll cover:</p>
<ul>
<li>the state of the markets and how it affects your relationship with employees - 3:03</li>
<li>where to find compromise with your top talent - 4:23</li>
<li>how to allow employees the opportunity to truly invest in your company - 9:01</li>
<li>hiring &quot;potential&quot; when qualifications can't be met - 13:35</li>
<li>fairly compensating interns - 17:08</li>
</ul>
<p>LINKS MENTIONED:</p>
]]>
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      <itunes:title>SMART BOOKS SMART TAX EPISODE 16: BARBARA WELTMON</itunes:title>
      <itunes:author>Vernon Foster II </itunes:author>
      <itunes:duration>00:22:49</itunes:duration>
      <itunes:summary>*insert Vernon's Notes here*</itunes:summary>
      <itunes:subtitle>*insert Vernon's Notes here*</itunes:subtitle>
      <itunes:explicit>no</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>16</itunes:episode>
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      <title>The Five - Step Process for Entrepreneurs with Tax Anxiety — Damien Martin </title>
      <description>
        <![CDATA[<p>In this conversation, we'll cover:</p>
<ul>
<li>How to understand new changes in tax law - 4:00</li>
<li>Reviewing your current tax situation - 10:11</li>
<li>Assessing the timing of any business venture - 12:57</li>
<li>How the tax laws affect you and your business - 14:47</li>
</ul>
<p>LINKS MENTIONED:</p>
<ul>
<li>Simply Tax - https://www.bkd.com/simplytax</li>
<li>Damien’s Twitter - https://twitter.com/damienmartincpa</li>
<li>Damien’s Instagram - https://www.instagram.com/taxda</li>
</ul>
]]>
      </description>
      <pubDate>Fri, 6 Sep 2019 01:16:52 +0000</pubDate>
      <author>success@podparrot.com (Vernon Foster II )</author>
      <link>https://www.smartbookssmarttax.com/episodes/the-five-step-process-for-entrepreneurs-with-tax-anxiety-damien-martin-FHea7DrQ</link>
      <content:encoded>
        <![CDATA[<p>In this conversation, we'll cover:</p>
<ul>
<li>How to understand new changes in tax law - 4:00</li>
<li>Reviewing your current tax situation - 10:11</li>
<li>Assessing the timing of any business venture - 12:57</li>
<li>How the tax laws affect you and your business - 14:47</li>
</ul>
<p>LINKS MENTIONED:</p>
<ul>
<li>Simply Tax - https://www.bkd.com/simplytax</li>
<li>Damien’s Twitter - https://twitter.com/damienmartincpa</li>
<li>Damien’s Instagram - https://www.instagram.com/taxda</li>
</ul>
]]>
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      <itunes:title>The Five - Step Process for Entrepreneurs with Tax Anxiety — Damien Martin </itunes:title>
      <itunes:author>Vernon Foster II </itunes:author>
      <itunes:duration>00:24:02</itunes:duration>
      <itunes:summary>Damien Martin is a director in the Chicago office of BKD, LLP. He is passionate about providing tax consulting and compliance services to privately held businesses and their owners to help them grow and preserve assets, defer income and reduce taxes. Damien also is the host of Simply Tax, a podcast dedicated to delivering practical and timely content to simplify tax challenges. He stopped by the show to share his five - step framework for helping entrepreneurs reduce tax anxiety. </itunes:summary>
      <itunes:subtitle>Damien Martin is a director in the Chicago office of BKD, LLP. He is passionate about providing tax consulting and compliance services to privately held businesses and their owners to help them grow and preserve assets, defer income and reduce taxes. Damien also is the host of Simply Tax, a podcast dedicated to delivering practical and timely content to simplify tax challenges. He stopped by the show to share his five - step framework for helping entrepreneurs reduce tax anxiety. </itunes:subtitle>
      <itunes:explicit>no</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>15</itunes:episode>
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      <title>How  to Free Up Your Cashflow with Factoring - Ian Varley</title>
      <description>
        <![CDATA[<p>In this conversation, we'll cover:</p>
<ul>
<li>Ian backstory getting into the lending business - 2:35</li>
<li>What is factoring and how it frees up your cashflow - 4:34</li>
<li>The history of factoring and what’s changed - 7:36</li>
<li>The challenge with online lending - 8:16</li>
<li>What should B2B business owners be looking for when obtaining credit - 14:19</li>
<li>The type of businesses Ian’s company works with - 19:09</li>
</ul>
<p>LINKS MENTIONED</p>
<ul>
<li>https://www.eaglebusinesscredit.com</li>
<li>855-420-8318</li>
</ul>
]]>
      </description>
      <pubDate>Thu, 29 Aug 2019 08:00:16 +0000</pubDate>
      <author>success@podparrot.com (Pod Parrot)</author>
      <link>https://www.smartbookssmarttax.com/episodes/free-up-your-cashflow-with-factoring-P5j2qjE5</link>
      <content:encoded>
        <![CDATA[<p>In this conversation, we'll cover:</p>
<ul>
<li>Ian backstory getting into the lending business - 2:35</li>
<li>What is factoring and how it frees up your cashflow - 4:34</li>
<li>The history of factoring and what’s changed - 7:36</li>
<li>The challenge with online lending - 8:16</li>
<li>What should B2B business owners be looking for when obtaining credit - 14:19</li>
<li>The type of businesses Ian’s company works with - 19:09</li>
</ul>
<p>LINKS MENTIONED</p>
<ul>
<li>https://www.eaglebusinesscredit.com</li>
<li>855-420-8318</li>
</ul>
]]>
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      <itunes:title>How  to Free Up Your Cashflow with Factoring - Ian Varley</itunes:title>
      <itunes:author>Pod Parrot</itunes:author>
      <itunes:duration>00:22:58</itunes:duration>
      <itunes:summary>Ian Varley is Founder and CEO of Eagle Business Credit, a traditional factoring company based in Atlanta, GA. Eagle specializes in both domestic and export receivables as well as purchase order funding facilities from start up to around $5 Million. Ian has 30 years’ experience in the industry both in the US and UK and is joined at Eagle by a team of seasoned industry professionals whose focus is on the delivery of expert and efficient service to all clients. We invited him on the podcast to share how businesses can get more access to cash by levering factoring and what to look for when shopping around for online lending opportunities. </itunes:summary>
      <itunes:subtitle>Ian Varley is Founder and CEO of Eagle Business Credit, a traditional factoring company based in Atlanta, GA. Eagle specializes in both domestic and export receivables as well as purchase order funding facilities from start up to around $5 Million. Ian has 30 years’ experience in the industry both in the US and UK and is joined at Eagle by a team of seasoned industry professionals whose focus is on the delivery of expert and efficient service to all clients. We invited him on the podcast to share how businesses can get more access to cash by levering factoring and what to look for when shopping around for online lending opportunities. </itunes:subtitle>
      <itunes:keywords>factoring, ceo, business, cashflow</itunes:keywords>
      <itunes:explicit>no</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>14</itunes:episode>
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      <title>Three Things You Must Consider with Mergers &amp; Acquisitions — John Bly   </title>
      <description>
        <![CDATA[<p>In this conversation, we'll cover</p>
<ul>
<li>Are mergers and acquisitions only for big players? - 3:46</li>
<li>How to think about acquisitions as a growth strategy  - 4:33</li>
<li>SBA vs owner financing vs venture backed captial - 6:31</li>
<li>The biggest mistake new buyers make when acquiring a compnay 11:44</li>
</ul>
<p>LINKS MENTIONED</p>
<ul>
<li>LBA Haynes Strand — https://www.lbahs.com/leadership/john-bly</li>
<li>John’s Linkedin — https://www.linkedin.com/in/johnblycpa</li>
</ul>
]]>
      </description>
      <pubDate>Thu, 15 Aug 2019 08:24:42 +0000</pubDate>
      <author>success@podparrot.com (Pod Parrot)</author>
      <link>https://www.smartbookssmarttax.com/episodes/three-things-in-mergers-acquisitions-_DcdCUtQ</link>
      <content:encoded>
        <![CDATA[<p>In this conversation, we'll cover</p>
<ul>
<li>Are mergers and acquisitions only for big players? - 3:46</li>
<li>How to think about acquisitions as a growth strategy  - 4:33</li>
<li>SBA vs owner financing vs venture backed captial - 6:31</li>
<li>The biggest mistake new buyers make when acquiring a compnay 11:44</li>
</ul>
<p>LINKS MENTIONED</p>
<ul>
<li>LBA Haynes Strand — https://www.lbahs.com/leadership/john-bly</li>
<li>John’s Linkedin — https://www.linkedin.com/in/johnblycpa</li>
</ul>
]]>
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      <itunes:title>Three Things You Must Consider with Mergers &amp; Acquisitions — John Bly   </itunes:title>
      <itunes:author>Pod Parrot</itunes:author>
      <itunes:duration>00:16:00</itunes:duration>
      <itunes:summary>John Bly is a Principal and CEO of LBA Haynes Strand, an accounting, assurance, and advisory firm in North Carolina. His passion for M&amp;A has led him to advise on 20-30 M&amp;A transactions a year, both on the buying and selling side. Today he joins us on the show to discuss three things you must consider before jumping into M&amp;A transitions. </itunes:summary>
      <itunes:subtitle>John Bly is a Principal and CEO of LBA Haynes Strand, an accounting, assurance, and advisory firm in North Carolina. His passion for M&amp;A has led him to advise on 20-30 M&amp;A transactions a year, both on the buying and selling side. Today he joins us on the show to discuss three things you must consider before jumping into M&amp;A transitions. </itunes:subtitle>
      <itunes:keywords>acquisitions, mergers</itunes:keywords>
      <itunes:explicit>no</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>13</itunes:episode>
    </item>
    <item>
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      <title>5 Smart Ways to Improve Cash Flow In Your Business — Geri Detweller</title>
      <description>
        <![CDATA[<p>In this conversation, we'll cover:</p>
<ul>
<li>The origins of credit transparency 2:39</li>
<li>Why use a business credit card for purchases 4:22</li>
<li>Why you must ask your supplier for terms  5:38</li>
<li>How to think like a lender when evaluating clients 7:32</li>
<li>Why you should consider factor invoicing 9:26</li>
<li>How a line of business credit can be your lifeline 10:57</li>
</ul>
<p>LINKS MENTIONED</p>
<ul>
<li>Nav - https://www.nav.com</li>
<li>Free build business credit checklist - https://www.nav.com/podcast</li>
<li>Business vs personal credit - https://www.nav.com/resource/do-business-credit-cards-report-to-personal-credit</li>
</ul>
]]>
      </description>
      <pubDate>Thu, 8 Aug 2019 09:43:03 +0000</pubDate>
      <author>success@podparrot.com (Pod Parrot)</author>
      <link>https://www.smartbookssmarttax.com/episodes/5-ways-to-improve-cash-flow-Wp_u3S_4</link>
      <content:encoded>
        <![CDATA[<p>In this conversation, we'll cover:</p>
<ul>
<li>The origins of credit transparency 2:39</li>
<li>Why use a business credit card for purchases 4:22</li>
<li>Why you must ask your supplier for terms  5:38</li>
<li>How to think like a lender when evaluating clients 7:32</li>
<li>Why you should consider factor invoicing 9:26</li>
<li>How a line of business credit can be your lifeline 10:57</li>
</ul>
<p>LINKS MENTIONED</p>
<ul>
<li>Nav - https://www.nav.com</li>
<li>Free build business credit checklist - https://www.nav.com/podcast</li>
<li>Business vs personal credit - https://www.nav.com/resource/do-business-credit-cards-report-to-personal-credit</li>
</ul>
]]>
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      <itunes:title>5 Smart Ways to Improve Cash Flow In Your Business — Geri Detweller</itunes:title>
      <itunes:author>Pod Parrot</itunes:author>
      <itunes:duration>00:16:52</itunes:duration>
      <itunes:summary>Gerri Detweiler is a business credit and financing expert. For more than 20 years, Gerri has helped individuals and small business owners navigate the confusing world of credit, teaching them how to successfully build credit and find the right financing. Gerri is the author of five different financing books, including her most recent title - Finance Your Own Business: Get On the Financing Fast Track. Gerri serves as the Education Director for Nav, a free online tool that helps small businesses prepare and find the best lender or credit cards for their needs.</itunes:summary>
      <itunes:subtitle>Gerri Detweiler is a business credit and financing expert. For more than 20 years, Gerri has helped individuals and small business owners navigate the confusing world of credit, teaching them how to successfully build credit and find the right financing. Gerri is the author of five different financing books, including her most recent title - Finance Your Own Business: Get On the Financing Fast Track. Gerri serves as the Education Director for Nav, a free online tool that helps small businesses prepare and find the best lender or credit cards for their needs.</itunes:subtitle>
      <itunes:keywords>cash flow, money</itunes:keywords>
      <itunes:explicit>no</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>12</itunes:episode>
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    <item>
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      <title>Will Your Business Survive A Catastrophic Meltdown?  — Jim Erben    </title>
      <description>
        <![CDATA[<p>In this conversation, we'll cover:</p>
<ul>
<li>Why continuity planning is the first thing a business owner must do - 2:58</li>
<li>What is an emergency operating plan - 3:51</li>
<li>How a business doubled in five years after the founders pass away - 6:27</li>
<li>A key question for all founders - 7:54</li>
<li>Identifying the “Who’s” in your emergency plan - 9:28</li>
</ul>
<p>LINKS MENTIONED</p>
<ul>
<li>Erben Associates - https://erbenassociates.com</li>
</ul>
]]>
      </description>
      <pubDate>Thu, 1 Aug 2019 08:00:25 +0000</pubDate>
      <author>success@podparrot.com (Pod Parrot)</author>
      <link>https://www.smartbookssmarttax.com/episodes/will-your-business-survive-g7C5dc_w</link>
      <content:encoded>
        <![CDATA[<p>In this conversation, we'll cover:</p>
<ul>
<li>Why continuity planning is the first thing a business owner must do - 2:58</li>
<li>What is an emergency operating plan - 3:51</li>
<li>How a business doubled in five years after the founders pass away - 6:27</li>
<li>A key question for all founders - 7:54</li>
<li>Identifying the “Who’s” in your emergency plan - 9:28</li>
</ul>
<p>LINKS MENTIONED</p>
<ul>
<li>Erben Associates - https://erbenassociates.com</li>
</ul>
]]>
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      <itunes:title>Will Your Business Survive A Catastrophic Meltdown?  — Jim Erben    </itunes:title>
      <itunes:author>Pod Parrot</itunes:author>
      <itunes:duration>00:14:45</itunes:duration>
      <itunes:summary>27 years ago, James "Jim" Erben founded Erben Associates to help business owners pack their parachutes and exit their businesses in style. He is a nationally recognized expert in the area of exit planning for privately held business owners, as well as best practices, advanced wealth issues, and managed asset strategies. He joins us today on the podcast today to share why an Emergency Operating Plan is vital for a successful exit.</itunes:summary>
      <itunes:subtitle>27 years ago, James "Jim" Erben founded Erben Associates to help business owners pack their parachutes and exit their businesses in style. He is a nationally recognized expert in the area of exit planning for privately held business owners, as well as best practices, advanced wealth issues, and managed asset strategies. He joins us today on the podcast today to share why an Emergency Operating Plan is vital for a successful exit.</itunes:subtitle>
      <itunes:keywords>death planning, wealth, planning, death</itunes:keywords>
      <itunes:explicit>no</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>11</itunes:episode>
    </item>
    <item>
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      <title>Five Financial Practices That Will Save Your Business — Michael Ly</title>
      <description>
        <![CDATA[<p>In this conversation, we'll cover</p>
<ul>
<li>Why you must focus on selling above everything else - 11:18</li>
<li>Creating your 30-minute money management system - 12:40</li>
<li>How to understand your unit economics - 14:30</li>
<li>Why you need a basic understanding of financial statements - 17:40</li>
<li>To hire an outside advisor or to not? - 19:00</li>
</ul>
<p>LINKS MENTIONED</p>
<ul>
<li>Reconciled - https://getreconciled.co</li>
</ul>
]]>
      </description>
      <pubDate>Fri, 26 Jul 2019 04:54:09 +0000</pubDate>
      <author>success@podparrot.com (Vernon Foster II )</author>
      <link>https://www.smartbookssmarttax.com/episodes/save-your-biz-p8GsK7qc</link>
      <content:encoded>
        <![CDATA[<p>In this conversation, we'll cover</p>
<ul>
<li>Why you must focus on selling above everything else - 11:18</li>
<li>Creating your 30-minute money management system - 12:40</li>
<li>How to understand your unit economics - 14:30</li>
<li>Why you need a basic understanding of financial statements - 17:40</li>
<li>To hire an outside advisor or to not? - 19:00</li>
</ul>
<p>LINKS MENTIONED</p>
<ul>
<li>Reconciled - https://getreconciled.co</li>
</ul>
]]>
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      <itunes:title>Five Financial Practices That Will Save Your Business — Michael Ly</itunes:title>
      <itunes:author>Vernon Foster II </itunes:author>
      <itunes:duration>00:20:55</itunes:duration>
      <itunes:summary>Michael Ly is CEO of Reconciled, an online bookkeeping and business advisory practice based in Burlington, VT. He joins on the podcast today to share insights into what money management practices entrepreneurs aren’t doing that have them leaving money on the table. </itunes:summary>
      <itunes:subtitle>Michael Ly is CEO of Reconciled, an online bookkeeping and business advisory practice based in Burlington, VT. He joins on the podcast today to share insights into what money management practices entrepreneurs aren’t doing that have them leaving money on the table. </itunes:subtitle>
      <itunes:keywords>wealth, small business, bookkeeping, accounting, investing, finance</itunes:keywords>
      <itunes:explicit>no</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>10</itunes:episode>
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      <title>How to Prepare Your Business for Sale — Jessica Fialkovich</title>
      <description>
        <![CDATA[<ul>
<li>Building and exiting a 3.5 million business — 3:22</li>
<li>How to know what your business is worth — 5:08</li>
<li>A look inside the sales process — 8:33</li>
<li>Three key drivers for improving valuation — 10:54</li>
</ul>
<p>LINKS MENTIONED:</p>
<ul>
<li>The Deal Board Podcast - https://www.tworld.com/thedealboard</li>
<li>Jessica Fialkovich - https://jessicafialkovich.com</li>
<li>Transworld Business Advisors - https://www.tworld.com/locations/centraldenver</li>
</ul>
]]>
      </description>
      <pubDate>Thu, 18 Jul 2019 08:00:05 +0000</pubDate>
      <author>success@podparrot.com (Pod Parrot)</author>
      <link>https://www.smartbookssmarttax.com/episodes/prepare-your-business-for-sale-1hldrxdX</link>
      <content:encoded>
        <![CDATA[<ul>
<li>Building and exiting a 3.5 million business — 3:22</li>
<li>How to know what your business is worth — 5:08</li>
<li>A look inside the sales process — 8:33</li>
<li>Three key drivers for improving valuation — 10:54</li>
</ul>
<p>LINKS MENTIONED:</p>
<ul>
<li>The Deal Board Podcast - https://www.tworld.com/thedealboard</li>
<li>Jessica Fialkovich - https://jessicafialkovich.com</li>
<li>Transworld Business Advisors - https://www.tworld.com/locations/centraldenver</li>
</ul>
]]>
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      <itunes:title>How to Prepare Your Business for Sale — Jessica Fialkovich</itunes:title>
      <itunes:author>Pod Parrot</itunes:author>
      <itunes:duration>00:20:46</itunes:duration>
      <itunes:summary>Have you ever considered selling your business? What things need to be in place? Jessica Fialkovich, a mergers and acquisitions expert, keynote speaker, small business advocate, and award-winning business owner, reveals three key drivers that can dramatically improve your valuation.</itunes:summary>
      <itunes:subtitle>Have you ever considered selling your business? What things need to be in place? Jessica Fialkovich, a mergers and acquisitions expert, keynote speaker, small business advocate, and award-winning business owner, reveals three key drivers that can dramatically improve your valuation.</itunes:subtitle>
      <itunes:explicit>no</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>9</itunes:episode>
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      <title>The Decisions You Must Make To Increase Profitability — Steve King</title>
      <description>
        <![CDATA[<ul>
<li>The difference between companies that win and companies that struggle — 3:17</li>
<li>The four decisions that increase profits — 5:57</li>
<li>What’s activity based job costing and how it affects profitability? — 7:40</li>
<li>Why your biggest client might not be your most profitable and what you can do to change it — 9:21</li>
<li>How providing discounts destroys profitability — 10:48</li>
</ul>
<p>LINKS MENTIONED</p>
<ul>
<li>Growth Force - https://www.growthforce.com</li>
<li>Quickbooks - https://quickbooks.intuit.com</li>
<li>Insperity - https://www.insperity.com</li>
<li>T-Sheets - https://www.tsheets.com</li>
</ul>
]]>
      </description>
      <pubDate>Thu, 11 Jul 2019 06:22:51 +0000</pubDate>
      <author>success@podparrot.com (Pod Parrot)</author>
      <link>https://www.smartbookssmarttax.com/episodes/decisions-to-increase-profitability-8Wt2NktI</link>
      <content:encoded>
        <![CDATA[<ul>
<li>The difference between companies that win and companies that struggle — 3:17</li>
<li>The four decisions that increase profits — 5:57</li>
<li>What’s activity based job costing and how it affects profitability? — 7:40</li>
<li>Why your biggest client might not be your most profitable and what you can do to change it — 9:21</li>
<li>How providing discounts destroys profitability — 10:48</li>
</ul>
<p>LINKS MENTIONED</p>
<ul>
<li>Growth Force - https://www.growthforce.com</li>
<li>Quickbooks - https://quickbooks.intuit.com</li>
<li>Insperity - https://www.insperity.com</li>
<li>T-Sheets - https://www.tsheets.com</li>
</ul>
]]>
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      <itunes:title>The Decisions You Must Make To Increase Profitability — Steve King</itunes:title>
      <itunes:author>Pod Parrot</itunes:author>
      <itunes:duration>00:22:19</itunes:duration>
      <itunes:summary>How do big businesses remain profitable and gain an edge? Steve King, the President &amp; CEO of GrowthForce, joins us today on the show to share four critical decisions a business owner must make to increase profitability. Steve also shares invaluable insights into why providing discounts destroy your margins.</itunes:summary>
      <itunes:subtitle>How do big businesses remain profitable and gain an edge? Steve King, the President &amp; CEO of GrowthForce, joins us today on the show to share four critical decisions a business owner must make to increase profitability. Steve also shares invaluable insights into why providing discounts destroy your margins.</itunes:subtitle>
      <itunes:explicit>no</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>8</itunes:episode>
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      <title>How to Keep the IRS from Disallowing Your Deductions</title>
      <description>
        <![CDATA[<ul>
<li>How the IRS classifies a hobby from a business — 4:30</li>
<li>The nine question test to determine if you have a legitimate business — 6:20</li>
<li>Why use separate accounts for your personal and business expenses — 11:10</li>
<li>This is a red flag for the IRS — 12:42</li>
<li>How the IRS views assets and equipment used in your business — 19:00</li>
</ul>
<p>LINKS MENTIONED</p>
<ul>
<li><a href="https://timeular.com/">Timeular </a><br />
-<a href="https://1ststepaccounting.com"> 1st Step Accounting </a></li>
<li>@<a href="https://twitter.com/nayocartergray">NayoCarterGray (Twitter)  </a></li>
</ul>
]]>
      </description>
      <pubDate>Thu, 27 Jun 2019 10:00:02 +0000</pubDate>
      <author>success@podparrot.com (Pod Parrot )</author>
      <link>https://www.smartbookssmarttax.com/episodes/hobbyorbiz-fNu62iCs</link>
      <content:encoded>
        <![CDATA[<ul>
<li>How the IRS classifies a hobby from a business — 4:30</li>
<li>The nine question test to determine if you have a legitimate business — 6:20</li>
<li>Why use separate accounts for your personal and business expenses — 11:10</li>
<li>This is a red flag for the IRS — 12:42</li>
<li>How the IRS views assets and equipment used in your business — 19:00</li>
</ul>
<p>LINKS MENTIONED</p>
<ul>
<li><a href="https://timeular.com/">Timeular </a><br />
-<a href="https://1ststepaccounting.com"> 1st Step Accounting </a></li>
<li>@<a href="https://twitter.com/nayocartergray">NayoCarterGray (Twitter)  </a></li>
</ul>
]]>
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      <itunes:title>How to Keep the IRS from Disallowing Your Deductions</itunes:title>
      <itunes:author>Pod Parrot </itunes:author>
      <itunes:duration>00:27:33</itunes:duration>
      <itunes:summary>How does the Internal Revenue Service classify a legitimate business from a hobby? Nayo Carter-Gray joins us on the podcast this week to share her nine-question test for making sure you’re on the right track when it comes to proving you’re running a legitimate shop. Nayo is the owner and founder of 1st Step Accounting, a virtual accounting, and tax preparation firm located in Baltimore, MD, who makes accounting a little less taxing for small business owners like you.</itunes:summary>
      <itunes:subtitle>How does the Internal Revenue Service classify a legitimate business from a hobby? Nayo Carter-Gray joins us on the podcast this week to share her nine-question test for making sure you’re on the right track when it comes to proving you’re running a legitimate shop. Nayo is the owner and founder of 1st Step Accounting, a virtual accounting, and tax preparation firm located in Baltimore, MD, who makes accounting a little less taxing for small business owners like you.</itunes:subtitle>
      <itunes:keywords>tax deductions, irs, taxes</itunes:keywords>
      <itunes:explicit>no</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>7</itunes:episode>
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      <title>How to Recruit and Hire The Best Talent In A Competitive Job Market — Robin Throckmorton</title>
      <description>
        <![CDATA[<ul>
<li>Job descriptions vs. marketing hooks - 5:13</li>
<li>Why you need a career page - 10:20</li>
<li>Are online jobs sites worth it? - 11:30</li>
<li>A strategic process for recruiting - 13:13</li>
<li>Behavior assessment vs. skill assessment - 15:28</li>
<li>Post recruitment metrics - 18:13</li>
</ul>
<p>LINKS MENTIONED</p>
<ul>
<li>
<p><a href="https://strategichrinc.com">Strategic HR Inc</a></p>
</li>
<li>
<p><a href="https://strategichrinc.com/resource-center">Recruiting resources </a></p>
</li>
<li>
<p><a href="https://www.linkedin.com/in/robinthrockmorton"> Linkedin</a></p>
</li>
</ul>
]]>
      </description>
      <pubDate>Thu, 20 Jun 2019 19:20:03 +0000</pubDate>
      <author>success@podparrot.com (Pod Parrot)</author>
      <link>https://www.smartbookssmarttax.com/episodes/talent-y4i7WYvS</link>
      <content:encoded>
        <![CDATA[<ul>
<li>Job descriptions vs. marketing hooks - 5:13</li>
<li>Why you need a career page - 10:20</li>
<li>Are online jobs sites worth it? - 11:30</li>
<li>A strategic process for recruiting - 13:13</li>
<li>Behavior assessment vs. skill assessment - 15:28</li>
<li>Post recruitment metrics - 18:13</li>
</ul>
<p>LINKS MENTIONED</p>
<ul>
<li>
<p><a href="https://strategichrinc.com">Strategic HR Inc</a></p>
</li>
<li>
<p><a href="https://strategichrinc.com/resource-center">Recruiting resources </a></p>
</li>
<li>
<p><a href="https://www.linkedin.com/in/robinthrockmorton"> Linkedin</a></p>
</li>
</ul>
]]>
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      <itunes:title>How to Recruit and Hire The Best Talent In A Competitive Job Market — Robin Throckmorton</itunes:title>
      <itunes:author>Pod Parrot</itunes:author>
      <itunes:duration>00:20:53</itunes:duration>
      <itunes:summary>In a job market where unemployment is low, it can be challenging to recruit the best talent. Moreover, when you couple this with the fact that many businesses are scrambling to hire to keep up with demand, it can be tough to get a grasp on things. Robin Throckmorton, President of Strategic HR Inc., a Human Resources management firm located in Cincinnati, OH, has been creating solutions for over 20 years to help organizations recruit and retain the best and brightest employees.</itunes:summary>
      <itunes:subtitle>In a job market where unemployment is low, it can be challenging to recruit the best talent. Moreover, when you couple this with the fact that many businesses are scrambling to hire to keep up with demand, it can be tough to get a grasp on things. Robin Throckmorton, President of Strategic HR Inc., a Human Resources management firm located in Cincinnati, OH, has been creating solutions for over 20 years to help organizations recruit and retain the best and brightest employees.</itunes:subtitle>
      <itunes:keywords>hr, recruitment, strategic hr, robin throckmorton, hiring</itunes:keywords>
      <itunes:explicit>no</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>6</itunes:episode>
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      <title>The Best CPA Firms Will Adapt By Doing This — Clayton Oates </title>
      <description>
        <![CDATA[<ul>
<li>How CPA’s can take control of their future - 9:30</li>
<li>How firms can add more value beyond tax and compliance - 15:21</li>
<li>Clayton’s Johari window methodology - 19:13</li>
<li>What happens when CPA’s shift to a business owner’s mindset - 23:53</li>
<li>Finding your passion in purpose when you’ve lost your way - 34:54</li>
</ul>
<p>LINKS MENTIONED:</p>
<ul>
<li><a href="https://twitter.com/Clayton_Oates">@Clatyon_Oates</a> (Twitter)</li>
<li><a href="http://www.ClaytonOates.com"> Website </a></li>
</ul>
]]>
      </description>
      <pubDate>Thu, 6 Jun 2019 00:31:53 +0000</pubDate>
      <author>success@podparrot.com (Pod Parrot )</author>
      <link>https://www.smartbookssmarttax.com/episodes/bestcpafirms-5BG3AfjI</link>
      <content:encoded>
        <![CDATA[<ul>
<li>How CPA’s can take control of their future - 9:30</li>
<li>How firms can add more value beyond tax and compliance - 15:21</li>
<li>Clayton’s Johari window methodology - 19:13</li>
<li>What happens when CPA’s shift to a business owner’s mindset - 23:53</li>
<li>Finding your passion in purpose when you’ve lost your way - 34:54</li>
</ul>
<p>LINKS MENTIONED:</p>
<ul>
<li><a href="https://twitter.com/Clayton_Oates">@Clatyon_Oates</a> (Twitter)</li>
<li><a href="http://www.ClaytonOates.com"> Website </a></li>
</ul>
]]>
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      <itunes:title>The Best CPA Firms Will Adapt By Doing This — Clayton Oates </itunes:title>
      <itunes:author>Pod Parrot </itunes:author>
      <itunes:duration>00:38:49</itunes:duration>
      <itunes:summary>Many experts have professed that innovation and technology are killing yesterday’s CPA firm. However, Clayton Oates believes the best firms will adapt by going beyond tax and compliance. In this episode, he reveals a unique strategy that will you an advantage over the competition and artificial intelligence.</itunes:summary>
      <itunes:subtitle>Many experts have professed that innovation and technology are killing yesterday’s CPA firm. However, Clayton Oates believes the best firms will adapt by going beyond tax and compliance. In this episode, he reveals a unique strategy that will you an advantage over the competition and artificial intelligence.</itunes:subtitle>
      <itunes:explicit>no</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>5</itunes:episode>
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      <title>Your HR Department Should Look Like This (If You Want To Scale) — Rhamy Alejeal </title>
      <description>
        <![CDATA[<ul>
<li>The difference between owning a business and owning a job</li>
<li>When employers need to start looking at their people processes</li>
<li>A good HR department has these three characteristics</li>
<li>The 20/30 improvement rule for HR</li>
<li>How a non-profit when from 20 hours a week in managerial tasks to 4 hours per week and increased revenues by 40%</li>
<li>How to lower 100% turnover by 25%</li>
</ul>
<p>MENTIONED IN THIS EPISODE</p>
<ul>
<li><a href="https://www.poplarfinancial.com/">Poplar Financial</a></li>
<li><a href="https://peopleprocesses.com">People Processes </a></li>
<li><a href="https://www.amazon.com/People-Processes-Organizations-Competitive-Advantage-ebook/dp/B07GRCNSBY">People Processes Book </a></li>
<li><a href="https://peopleprocesses.com/episodes">People Processes Podcast </a></li>
<li><a href="https://peopleprocesses.com/subscribe-to-get-the-free-resources-from-people-processes/">Onboarding checklist for new hires</a></li>
</ul>
]]>
      </description>
      <pubDate>Mon, 13 May 2019 11:01:00 +0000</pubDate>
      <author>success@podparrot.com (Pod Parrot)</author>
      <link>https://www.smartbookssmarttax.com/episodes/scalinghr-a0327583</link>
      <content:encoded>
        <![CDATA[<ul>
<li>The difference between owning a business and owning a job</li>
<li>When employers need to start looking at their people processes</li>
<li>A good HR department has these three characteristics</li>
<li>The 20/30 improvement rule for HR</li>
<li>How a non-profit when from 20 hours a week in managerial tasks to 4 hours per week and increased revenues by 40%</li>
<li>How to lower 100% turnover by 25%</li>
</ul>
<p>MENTIONED IN THIS EPISODE</p>
<ul>
<li><a href="https://www.poplarfinancial.com/">Poplar Financial</a></li>
<li><a href="https://peopleprocesses.com">People Processes </a></li>
<li><a href="https://www.amazon.com/People-Processes-Organizations-Competitive-Advantage-ebook/dp/B07GRCNSBY">People Processes Book </a></li>
<li><a href="https://peopleprocesses.com/episodes">People Processes Podcast </a></li>
<li><a href="https://peopleprocesses.com/subscribe-to-get-the-free-resources-from-people-processes/">Onboarding checklist for new hires</a></li>
</ul>
]]>
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      <itunes:title>Your HR Department Should Look Like This (If You Want To Scale) — Rhamy Alejeal </itunes:title>
      <itunes:author>Pod Parrot</itunes:author>
      <itunes:duration>00:24:13</itunes:duration>
      <itunes:summary>Scaling is a popular buzzword in small businesses circles as of late, but we generally don't think of scaling through HR and people processes. In this episode, Rhamy Alejeal, the CEO of Poplar Financial and author of People Processes, shares a framework for the ideal HR department that scales.</itunes:summary>
      <itunes:subtitle>Scaling is a popular buzzword in small businesses circles as of late, but we generally don't think of scaling through HR and people processes. In this episode, Rhamy Alejeal, the CEO of Poplar Financial and author of People Processes, shares a framework for the ideal HR department that scales.</itunes:subtitle>
      <itunes:explicit>no</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>4</itunes:episode>
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      <title>Know Thy Metrics: How to Make Big Decisions with Data, Not Emotion — Jody Grunden </title>
      <description>
        <![CDATA[<ul>
<li>4:50 - How much cash do you really need in the bank</li>
<li>9:01 - Production metrics 101 for service-based businesses</li>
<li>12:40 - Average bill rate vs. standard bill rate and what they tell you about your business</li>
<li>25:44 - How to determine capacity and when you need to hire and potentially fire</li>
</ul>
<p>MENTIONED IN THIS EPISODE</p>
<ul>
<li><a href="https://www.summitcpa.net/">Summit CPA Group </a></li>
<li><a href="https://www.amazon.com/Digital-Dollars-Cents-Companies-Financial/dp/1973267373/ref=sr_1_1?crid=2AVAUJH6UZBUA&amp;keywords=digital+dollars+and+cents&amp;qid=1556812828&amp;s=gateway&amp;sprefix=digital+dollars+%2Caps%2C515&amp;sr=8-1">Digital Dollars and Cents</a></li>
<li><a href="mailto:jody@summitcpa.net">Email Jody </a>for a free copy of his book</li>
</ul>
]]>
      </description>
      <pubDate>Mon, 13 May 2019 11:00:00 +0000</pubDate>
      <author>success@podparrot.com (Pod Parrot)</author>
      <link>https://www.smartbookssmarttax.com/episodes/metrics-4b363bee</link>
      <content:encoded>
        <![CDATA[<ul>
<li>4:50 - How much cash do you really need in the bank</li>
<li>9:01 - Production metrics 101 for service-based businesses</li>
<li>12:40 - Average bill rate vs. standard bill rate and what they tell you about your business</li>
<li>25:44 - How to determine capacity and when you need to hire and potentially fire</li>
</ul>
<p>MENTIONED IN THIS EPISODE</p>
<ul>
<li><a href="https://www.summitcpa.net/">Summit CPA Group </a></li>
<li><a href="https://www.amazon.com/Digital-Dollars-Cents-Companies-Financial/dp/1973267373/ref=sr_1_1?crid=2AVAUJH6UZBUA&amp;keywords=digital+dollars+and+cents&amp;qid=1556812828&amp;s=gateway&amp;sprefix=digital+dollars+%2Caps%2C515&amp;sr=8-1">Digital Dollars and Cents</a></li>
<li><a href="mailto:jody@summitcpa.net">Email Jody </a>for a free copy of his book</li>
</ul>
]]>
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      <itunes:title>Know Thy Metrics: How to Make Big Decisions with Data, Not Emotion — Jody Grunden </itunes:title>
      <itunes:author>Pod Parrot</itunes:author>
      <itunes:duration>00:37:10</itunes:duration>
      <itunes:summary>When it comes to making BIG decisions, many business owners fall short by relying on a gut feeling or hunch. In this episode, Jody Grunden, the Co-Founder of Summit CPA group, reveals four key metrics service-based businesses should be using to make more informed decisions.</itunes:summary>
      <itunes:subtitle>When it comes to making BIG decisions, many business owners fall short by relying on a gut feeling or hunch. In this episode, Jody Grunden, the Co-Founder of Summit CPA group, reveals four key metrics service-based businesses should be using to make more informed decisions.</itunes:subtitle>
      <itunes:explicit>no</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>3</itunes:episode>
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      <title>How To Use Your Business To Accelerate Wealth Creation — Justin Goodbread   </title>
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        <![CDATA[<ul>
<li>4:40 - Why Wall St is geared towards employees, not business owners</li>
<li>8:50 - Why tax planning should be your focus for creating net worth</li>
<li>11:06 - Tactical spending with money you take home</li>
<li>14:50 - Why you need  a &quot;3 Legged Milk Stool” for wealth creation</li>
<li>22:35 - The percentage of businesses that actually sell</li>
</ul>
<p>MENTIONED IN THIS EPISODE</p>
<p><a href="https://heritageinvestor.com/">Heritage Investors </a><br />
<a href="https://financiallysimple.com"> Financially Simple </a><br />
<a href="https://financiallysimple.com/financially-simple-growing-business-value-podcast-index/">Growing Business Value</a><br />
<a href="https://financiallysimple.com/book/">The Ultimate Sale </a></p>
]]>
      </description>
      <pubDate>Mon, 13 May 2019 03:12:00 +0000</pubDate>
      <author>success@podparrot.com (Pod Parrot)</author>
      <link>https://www.smartbookssmarttax.com/episodes/wealth-49efcc08</link>
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        <![CDATA[<ul>
<li>4:40 - Why Wall St is geared towards employees, not business owners</li>
<li>8:50 - Why tax planning should be your focus for creating net worth</li>
<li>11:06 - Tactical spending with money you take home</li>
<li>14:50 - Why you need  a &quot;3 Legged Milk Stool” for wealth creation</li>
<li>22:35 - The percentage of businesses that actually sell</li>
</ul>
<p>MENTIONED IN THIS EPISODE</p>
<p><a href="https://heritageinvestor.com/">Heritage Investors </a><br />
<a href="https://financiallysimple.com"> Financially Simple </a><br />
<a href="https://financiallysimple.com/financially-simple-growing-business-value-podcast-index/">Growing Business Value</a><br />
<a href="https://financiallysimple.com/book/">The Ultimate Sale </a></p>
]]>
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      <itunes:title>How To Use Your Business To Accelerate Wealth Creation — Justin Goodbread   </itunes:title>
      <itunes:author>Pod Parrot</itunes:author>
      <itunes:duration>00:28:08</itunes:duration>
      <itunes:summary>Justin Goodbread believes traditional Wall Street investment strategies are better suited for employees. In this episode, he dives into why tax planning must be your focus for accelerating your net worth and wealth creation.  </itunes:summary>
      <itunes:subtitle>Justin Goodbread believes traditional Wall Street investment strategies are better suited for employees. In this episode, he dives into why tax planning must be your focus for accelerating your net worth and wealth creation.  </itunes:subtitle>
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      <title>Why We Started This Podcast </title>
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        <![CDATA[<p>MENTIONED IN THIS EPISODE</p>
<ul>
<li><a href="https://podparrot.com/">Pod Parrot </a></li>
<li><a href="http://www.smartbookssmarttax.com/"> Smart Books Smart Tax </a></li>
</ul>
]]>
      </description>
      <pubDate>Fri, 10 May 2019 11:00:00 +0000</pubDate>
      <author>success@podparrot.com (Pod Parrot)</author>
      <link>https://www.smartbookssmarttax.com/episodes/why-a899c30b</link>
      <content:encoded>
        <![CDATA[<p>MENTIONED IN THIS EPISODE</p>
<ul>
<li><a href="https://podparrot.com/">Pod Parrot </a></li>
<li><a href="http://www.smartbookssmarttax.com/"> Smart Books Smart Tax </a></li>
</ul>
]]>
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      <itunes:title>Why We Started This Podcast </itunes:title>
      <itunes:author>Pod Parrot</itunes:author>
      <itunes:duration>00:08:31</itunes:duration>
      <itunes:summary>Want to know the backstory of why we started this podcast? Start here to find out. Kick back and listen as our founder shares his journey into podcasting and, of course, what's in it for you. </itunes:summary>
      <itunes:subtitle>Want to know the backstory of why we started this podcast? Start here to find out. Kick back and listen as our founder shares his journey into podcasting and, of course, what's in it for you. </itunes:subtitle>
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