When Your Profession Comes Calling

By |February 18th, 2021|Categories: VIDEOS - Mackey Money Minute|

During my career, I have been blessed to serve my profession in many capacities, local committee chair, national financial literacy board member, public relations spoke person and active member. A few months ago, I was asked to serve in a new way. To develop a series of podcasts that revealed h...

The Head Center – The Dynamics of Money – Using the Enneagram for Conscious Transformation

By |February 16th, 2021|Categories: PODCASTS - Modern Money with Mackey|Tags: |

Continuing our journey into The Dynamics of Money, this podcast explores the head center, Types 6,7 and 5. If you are a head type, have a boss, spouse or good friend that is a head type, this pod will help you understand more about the habitual ways of thinking, feeling and behaving with money that are naturally present for types 6,7, and 5.

The Heart Center – The Dynamics of Money – Using the Enneagram for Conscious Transformation

By |February 16th, 2021|Categories: PODCASTS - Modern Money with Mackey|Tags: |

Continuing our journey into The Dynamics of Money, this podcast explores the heart center, Types 3, 2 and 4. If you are a heart type, have a boss, spouse or good friend that is a heart type, this pod will help you understand more about the habitual ways of thinking, feeling and behaving with money that are naturally present for types 3, 2 and 4.

The Body Center – The Dynamics of Money – Using the Enneagram for Conscious Transformation

By |February 16th, 2021|Categories: PODCASTS - Modern Money with Mackey|Tags: |

Continuing our journey into The Dynamics of Money, this podcast explores the body center, Types 9,8 and 1. If you are a body type, have a boss, spouse or good friend that is a body type, this pod will help you understand more about their habits of thinking, feeling and behaving with money.

Is Joy a Choice?

By |December 12th, 2020|Categories: VIDEOS - Mackey Money Minute|

What if everything I consider “negative” is the seed of a gift? What if the universe is wise? What if moments I might initially rebel against are actually moments given to me by a benevolent universe to help me become a better human. One with more patience, persistence, humility, love, or wisdom?

Economic Update – Fall 2020

By |September 14th, 2020|Categories: Profit|Tags: |

businesses should be seeing – or soon will be experiencing – some recovery in their operations. Having said that, we do not anticipate a “full” recovery until mid-2021. There are numerous risks that could derail the recovery. Most notably, of course, a second wave of COVID-19 that causes governors and other governments to shut down their economies again.

Limiting Beliefs

By |September 9th, 2020|Categories: VIDEOS - Mackey Money Minute|

Where are you limited? Your mind. It can be the gas in your engine of success, or it can be the brakes, stopping or slowing your progress. Your limiting beliefs show up in conversation. They show up in your mind chatter.

Should I Take Advantage of the Payroll Tax Deferral Executive Order?

By |September 3rd, 2020|Categories: Cash Flow, Covid-19|

On August 8, 2020 President Trump put into action a payroll tax relief for employees with taxable wages that are less than $4,000 during a bi-weekly pay period through an executive order. Employers are able to defer withholding, deposit and payment of the Social Security taxes on those wages during the period of September 1, 2020 through December 31, 2020. This is not an exemption of the tax, but strictly a deferment.

How Many Clicks Does It Take?

By |August 28th, 2020|Categories: Profit|Tags: |

I'm an entrepreneur; I love building things. My favorite part of growing a new company is sharing ideas about great products and services with potential buyers/customers. My favorite part is marketing, particularly when it works [...]

Harnessing the Power of Education and Training: Leadership Through Learning

By |July 30th, 2020|Categories: Owner Lifestyle, Profit|

I believe the first thing business owners need to understand is the difference between training and education. Training is utilized when you are trying to increase the uniformity, efficiency and repeatable quality of your product or service. Education is utilized to increase the autonomy of your employees to reduce the need for heavy handed management, nimble response, and increased customer/client satisfaction.

Is Hyperfocus Ruining Your Creativity?

By |July 23rd, 2020|Categories: Owner Lifestyle|

When you think of your business life, do you feel like you are on a steel bridge or a swinging one? Or somewhere in between? If you don’t feel completely confident in your business structure you are doing yourself and your business a disservice. When you have to hyperfocus on where your metaphorical hands & feet are or which way the wind might blow you are using all of your big beautiful brain power to not die (again, metaphorically). And that’s no way for a business owner to operate.

Are You in the Womb or the Tomb?

By |July 21st, 2020|Categories: Owner Lifestyle|

It’s a scary time. The novel coronavirus.  The government ordered shut down of schools and businesses. Massive unemployment. Social unrest. Remote everything. Change is in the air. It’s not the kind of change that is happening to someone else, it is personal, shifting your daily life in numerous ways. Change creates uncertainty. It can feel like the ground beneath your feet is moving. Where to you go to find certainty? Stability? Peace? Inside.

An Entrepreneur’s Largeness

By |July 14th, 2020|Categories: Legacy|Tags: , , , , , |

Bestselling author, Sue Monk Kidd said in a recent interview with Brene Brown on her podcast, Unlocking Us, “Every person has their own particular genius, that is their largeness, that is unique to them. Bringing it forth is a life’s work… It’s frightening to think of having this part of ourselves, this magnitude, this passion in ourselves... Bringing forth your largeness is a gift to the world.”

Currant Leaves & Other Joyful Things

By |June 17th, 2020|Categories: Owner Lifestyle|Tags: , , , |

It is tempting to bow to the mind chatter that fills my head as soon as I awake. To make my first task, my to do list.  But I did not go into business to be a slave to it. I started my business to serve my passion for helping business owners, while at the same time giving myself the gift of creating the life of my dreams.  Dreams of joy and morning strolls.

The Mackey Money Minute – 3 Rs to Recovery – Revenue Resilience

By |June 11th, 2020|Categories: VIDEOS - Mackey Money Minute|

“The best time to plant a tree is 20 years ago. The next best time is right now.” Resilience is the ability of a substance or object to return to its original shape after being bent, stretched, or pressed. Revenue resilience is the ability of your revenue stream to recover after an unexpected economic event. Resilience gives you the capacity to survive unexpected events, so you can thrive when the recovery comes.

The Mackey Money Minute – 3 Rs to Recovery – Revenue Friction

By |June 9th, 2020|Categories: VIDEOS - Mackey Money Minute|

Friction is anything that makes it harder for someone to buy from you. As you recover revenue, how can you reduce friction in your sales, marketing and production processes? Think Amazon one click. Find what you want, one click and it arrives at your door. How can you embrace technology to make it easier than ever for clients and customers to buy what they need, from you? Examples of simple new technology tools that reduce friction are proposal software that gives instant and consistent feedback, calendar software making appointments easier to set up, auto billing software, content sharing and management tools, sales engagement, and of course, communication and conferencing software. Begin looking for places to reduce friction by mapping your process from marketing to sales, to production. Determine the current cost and time in each bucket. What is your 80/20 here? What 20% of your marketing, sales and production process is dragging 80% of your cost and increasing time and friction? Begin here as these are your most significant drags on profits. Gather a cross functional team and begin to deploy new ideas and technology. Keep asking, what makes it easier and faster for clients and customers to work with us? Right now, change is easier. With social distancing and business closures, everyone’s life has been impacted in some way. Change is no longer slow, it is fast, and constant. Your clients and customers are expecting change. And they are more willing to forgive you if things don’t go well the first time out of the box with a new change. For retailers, most bars, restaurants and entertainment venues, the journey from a customer’s home to your location is friction. If this is you, health and safety may be your biggest challenge in reducing friction. Over communicate and make your safety process front and center to the client experience. Spend a few minutes right now to capture your first thoughts on areas of friction in your process. Who are the best team members to gather for your cross functional team? Make notes now while things are on your mind. Set a time line for getting started. Join us next for a look at Resilient Revenue. Mackey

Create Efficiency to Create More Time

By |June 5th, 2020|Categories: Cash Flow|Tags: , , , |

There are things that we must do in life to get ahead personally and professionally.  Not all things are fun and easy.  We just need to put on our big girl/boy pants and get them done.  Maybe we should not do them with a lazy attitude, but we can make sure that we are doing them in the most efficient manner.  Here are 5 simple changes to make that will help you get things completed more efficiently.

The Mackey Money Minute – The 3 Rs to Recovery – Revenue Passion

By |June 4th, 2020|Categories: VIDEOS - Mackey Money Minute|

Recovering revenue runs the spectrum from regaining your customers trust in terms of health and safety so they feel safe continuing to do business with you, to completely reinventing revenue as you now know it today. The old idea, “this is the way we do it here,” must go. Along the way, attempt to rediscover your passion

The Mackey Money Minute – The 3 R’s to Recovery Introduction

By |June 2nd, 2020|Categories: VIDEOS - Mackey Money Minute|Tags: |

The 2020’s were already shaping up to be the most disruptive decade in our history. Accelerating technology, increasing impacts from climate change, generational wealth transfer on a massive scale, as well as a global leadership vacuum, were setting the stage for an accelerating pace of change… before the novel coronavirus came into our lives.  With COVID, it’s like we all boarded the Starship Enterprise, just as it was moving into warp speed.

Why Your Top Line isn’t Your Most Important Number

By |May 29th, 2020|Categories: Profit|Tags: , , |

If you have ever played or watched golf, then you are probably familiar with the phrase “drive for show and putt for dough.” The idea here is, your drive can be a great and an impressive shot, but you don’t win tournaments and make money (dough) if you’re not putting well. I think this same concept applies to the way business owners think of their top line revenue.

Are you the Fuel, Engine or Engineer?

By |May 22nd, 2020|Categories: Owner Lifestyle|

Simply put, an engine is a machine for converting energy (fuel) into motion. And an engineer is a person who designs, operates and oversees an engine. Most business owners start out expect to be all three: fuel, engine & engineer for their startup. We bootstrap, use sweat equity, and “build the plane as we fly it” all in the hopes that little by little we find other sources of fuel to create motion within our business and build a sturdy engine to generate the profit & lifestyle we envision. We start generating cash, hiring a team, sourcing vendors, creating structure, investing in capital, etc.

Covid-19 Cash Flow FAQ

By |May 11th, 2020|Categories: Cash Flow, Covid-19|

Covid-19 Cash Flow FAQ     Q: What is your number one tip to improve cash flow?   A: There are many things that you can analyze on your balance sheet from accounts receivable and inventory [...]

PPP & EIDL Loan Update 5/1

By |May 1st, 2020|Categories: Covid-19|

COVID-19 Daily Communications Information accurate as of 05/1/20 PPP & EIDL Updates:   It was confirmed Thursday by the Treasury and Small Business Administration that on Wednesday agencies temporarily shut out big banks from the [...]

Covid-19 Daily Communications 04/24/2020

By |April 24th, 2020|Categories: Covid-19|

COVID-19 Daily Communications 04/24/20 Highlights: The Senate and the House have passed the $320 billion second round of Paycheck Protection Program (PPP) stimulus relief dollars as of Thursday. A Presidential signature is expected as early [...]

Congress Reaches Deal on $450 Billion Package

By |April 21st, 2020|Categories: Covid-19|

COVID-19 Daily Communications Information accurate as of 04/21/20 Highlights: PPP & EIDL Loan Update Congress appears to of passed a new $450 billion stimulus deal--with another $370 billion earmarked for popular small business funding programs.  The [...]

By |April 21st, 2020|Categories: Business Wise|

The Prosperity Playbook is available now on Amazon! Build a plan for the future of your business! Turning a family-owned business over to the next generation is the biggest financial transaction a business owner will ever make [...]

COVID-19 Daily Communications 04/14/20

By |April 14th, 2020|Categories: Covid-19|

COVID-19 Daily Communications Information accurate as of 04/14/20 Highlights: SBA Economic Injury and Paycheck Protection Loan Program Updates High demand for Economic Injury Disaster Loans (EIDL) has led to important changes limiting the size of [...]

Need Loan Application Help?

By |April 7th, 2020|Categories: Covid-19|

The Paycheck Payment Protection program application window is now open! While many applicants are having success with the process there have been challenges to some, for instance, Wells Fargo has stopped taking applications. If you’re [...]

Cash Flow Tools

By |April 6th, 2020|Categories: Business Wise, Covid-19|

If you are like many of the business owners that we work with, you are scrounging together how to maintain as much business as possible during these tough economic times and trying to keep up [...]

Which Road To Take?

By |April 6th, 2020|Categories: Covid-19|

With so many possibilities, it is hard to determine which Covid-19 Stimulus option is right for you. Answer the questions above to start thinking through which next step to take. To access the links and [...]

Cares Act & Paycheck Protection Program

By |March 30th, 2020|Categories: Covid-19|

(Information accurate as of 03/30/20) Highlights: The Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), signed into law on Friday March 27, 2020, introduces the Paycheck Protection Program (the “PPP”) with $349 billion in funding and [...]

Senate Passes $2 Trillion “CARES” Act

By |March 25th, 2020|Categories: Covid-19|

COVID-19 Daily Communications (Accurate information as of 03/25/20) Highlights: Senate passes $2 trillion Coronavirus Aid, Relief and Economic Security (“CARES”) Act. In the early morning hours.  Wednesday the Senate passes the most sweeping stimulus package [...]

COVID-19 Daily Communications 3/23

By |March 23rd, 2020|Categories: Covid-19|

(Information Accurate as of March 23rd 2020) Highlights: Senate fails to pass $2 trillion Coronavirus Aid, Relief and Economic Security (“CARES”) Act, stalling the enormous measure for the second day. The bill failed 49-46 just [...]

Families First Coronavirus Response Act

By |March 18th, 2020|Categories: Covid-19|

Families First Coronavirus Response Act Comm 2020.03.18 (Information accurate as of March 18th, 2020) It is our hope at MACKEY to continue bringing value-added conversations to our clients and prospects as it relates to an [...]

Business Owner 911 Response

By |March 18th, 2020|Categories: Covid-19|

Business owner 911 response to COVID-19 Below is a list of response business owners can take to weather the current economic system. Cash. Cash. Cash. Know where you are and if you don’t forecast cash, [...]

We Are Now on 100% Renewable Energy!

By |March 11th, 2020|Categories: Owner Lifestyle|

In an effort to truly model the need for a more sustainable operation, we will begin the transition this week to 100% renewable energy with the installation of a solar panel system on the roof of our Bellevue Kentucky office. We are now on 100% renewable energy!

What’s Your Make or Break?

By |February 25th, 2020|Categories: Business Wise|

What could make you? What could break you? Neither should be a straw on the camels back. A company’s Make-or-Break is the one thing your company must do exceptionally well in order to achieve its [...]

Open Book Management in 3 Easy Steps

By |February 12th, 2020|Categories: Business Wise|

A 2016 Robert Half report found that 25% of privately held companies share all their financial information with their employees, an increase in 18% from just four years prior.[1] This trend demonstrates that financial transparency [...]

2019 Economic Review

By |January 16th, 2020|Categories: Business Wise|

Even with slowing economic growth, 2019 proved to be a banner year for both stocks and bonds.  Favorable policy developments occurred that helped buffer the global manufacturing recession sparked by the trade war.  Key takeaways [...]

Tax Checklist

By |January 8th, 2020|Categories: Business Wise|

It’s everyone’s favorite time of year again. No, I know the holiday season is over. I am talking about tax season. Alright, I know it’s not really your favorite time of year.  However, hopefully we can […]

Spiced Bean and Sausage Soup

By |January 7th, 2020|Categories: Creative|

A prosperous winter supper Nothing fits more perfectly into a cold winter evening than a bowl of hearty soup. This one will warm your insides and put a smile on your face. Because it is simple […]

End of 2019 Projection

By |December 10th, 2019|Categories: Uncategorized|

What might 2020 hold for global financial markets?  Broadly, more of the same … Volatility.   The past year has experienced significant instability for the financial markets.  December 2018 saw stocks sell off significantly only to rebound […]

Ginger Pumpkin Scones

By |December 10th, 2019|Categories: Creative|

Ginger Pumpkin Scones A prosperous holiday breakfast For me, food, really good food, is an essential part of my prosperity.  I love to cook and this blog post contains one of my favorite winter recipes, Pumpkin […]

Discussions & Decisions When Adding a Partner or Shareholder

By |February 26th, 2019|Categories: Business Wise|Tags: , , , , |

Adding a partner or shareholder is not simple.  As with any agreement involving money, spending the time having difficult conversations up front is well worth your time and energy.  A clear agreement avoids unnecessary conflicts [...]

Get Rhythm? Why Rhythm is as Important as Accuracy in Your Financial Reporting

By |February 7th, 2018|Categories: Business Wise|Tags: , , , , , , |

Do you want to meet or exceed your company goals?  Then you have got to Get Rhythm! Johnny Cash sang about rhythm in his famous song, Get Rhythm.  It starts out, “Get Rhythm when you [...]

Client Spotlight | Oregon Tilth, Inc.

By |October 24th, 2017|Categories: On Our Minds|Tags: , , , , , , |

Oregon Tilth is a nonprofit organization and leading certifier, educator & advocate for organic agriculture since 1974. Our mission to make our food system and agriculture biologically sound and socially equitable requires us to find practical [...]

Matt’s Monthly Money Must Do’s | September 2017

By |August 18th, 2017|Categories: Personal Planning|Tags: , , , , , , |

The Romans were lazy.  That’s right, I said it: “Lazy”.  The typical response would be that, along with building an empire, Romans built highways, aqueducts, coliseums, etc.  Many of those basic designs are used today, [...]

Social Security and Medicare Trustees Reports: Financial Challenges Continue

By |July 27th, 2017|Categories: Personal Planning|Tags: , , , , , , |

Every year, the Trustees of the Social Security  and Medicare Trust Funds release reports to Congress on the current financial condition and projected financial outlook of these programs. The newest reports, released on July 13, [...]

Ask Mackey | Say No to Micromanagement

By |October 12th, 2016|Categories: Business Wise, Uncategorized|Tags: , , , , , | Big goals without department and individual accountability systems to support them is poison to your culture. It creates a win/lose environment.  A negative culture is like a dirty river, nothing thrives in it.  It [...]

IRS Announces New Waiver Procedure for Taxpayers Who Inadvertently Miss the 60-Day Rollover Deadline

By |September 29th, 2016|Categories: Personal Planning, Uncategorized|Tags: , , , , |

Background--direct and indirect (60-day) rollovers If you're eligible to receive a taxable distribution from an employer-sponsored retirement plan (like a 401(k)) you can avoid current taxation by directly rolling the distribution over to another employer [...]

Client Spotlight – Furlong Building Enterprises

By |July 27th, 2016|Categories: On Our Minds|Tags: , , , , |

Furlong offers design-build construction services for commercial, industrial and retail construction projects.  Our company is founded on providing outstanding customer service that is personal, responsive and overseen by experienced professionals. Furlong offers its clients an [...]