Savvy or Surrender - Your Guide to Profit, Cash Flow, and Tax Savings
Running a business shouldn’t feel like a never-ending fight for cash. On Savvy or Surrender, host Steven Young cuts through the noise and shows real business owners how to take control of their numbers, keep more of their hard-earned money, and build a business that actually pays them back.
Each episode gives you practical strategies you can use right away — from fixing cash flow bottlenecks, to implementing Profit First, to unlocking tax savings most owners never hear about. No jargon. No fluff. Just clear guidance, real-talk coaching, and a little humor to keep things human.
Whether you’re a contractor, service pro, or business owner who’s tired of working hard with nothing to show for it, this is your go-to show for leveling up your money decisions and building a business that supports your life… not the other way around.
Choose to be Savvy — or surrender your profit. The choice is yours.
Savvy or Surrender - Your Guide to Profit, Cash Flow, and Tax Savings
When to DIY and When to Hire: Episode 9
Podcast Title: Savvy or Surrender Podcast – Episode 9
Host: Steven Young
Episode Title: When to DIY and When to Hire
❗Don’t forget to download the episode — that way you never miss the game-changing cash flow tips that keep your business running strong.
Summary:
In this episode, Steven Young explores the critical decision every business owner faces: when to handle tasks yourself and when to bring in a professional. Drawing from personal stories and client experiences, Steven breaks down the cost-benefit analysis of DIY versus hiring, especially in the context of bookkeeping, taxes, and business growth.
Timestamps & Key Topics:
- [0:00] Introduction
Steven welcomes listeners and introduces the topic: DIY vs. hiring a professional. - [0:48] The “Chief Everything Officer” Trap
Why business owners try to do it all and when that becomes a problem. - [1:35] Personal DIY Story: Landscaping Gone Wrong
Steven’s experience with a home project, the hidden costs, and the moment he realized he needed an expert. - [4:02] The True Cost of Cheap Help
How hiring cheap or doing it yourself can lead to expensive mistakes. - [5:23] When DIY Makes Sense
Criteria for when it’s okay to DIY: low revenue, no employees, simple finances. - [6:27] The Value of Understanding Your Systems
Why it’s good to know your numbers and systems, even if you plan to outsource later. - [7:45] Red Flags: When It’s Time to Hire
Signs you need a pro: revenue over $100k, employees, IRS letters, emotional money decisions. - [9:02] The Peace of Mind from Hiring a Pro
How professionals can relieve stress and help you sleep better at night. - [10:15] The Value of Your Time
Real client stories: doctors and business owners who lost money by DIYing their taxes and books. - [11:07] Staying Involved in Your Finances
Even when you hire, you should know your numbers and review reports. - [11:56] Taking the Next Step
How to move out of DIY mode and get a business review. - [12:19] Client Story: From DIY to Professional Help
A client’s journey from doing his own books to hiring Steven, and the financial impact. - [14:02] Planning for Growth: The Expansion Account
Using Profit First to safely scale your business and prepare for hiring. - [16:41] The Profit First System Explained
How to set up accounts, manage cash flow, and use the Profit First formula. - [21:31] Additional Accounts for Growth
Creating accounts for debt, expansion, or new hires. - [22:51] Weekly Allocations and Automation
Tips for making Profit First work for you. - [23:49] DIY Taxes and When to Get Help
The risks of using TurboTax and missing deductions. - [24:46] Final Thoughts & Resources
When to DIY, when to hire, and where to get more help.
Resources Mentioned:
- Profit First by Mike Michalowicz
- MeetWithSavvy.com – Book a discovery call
- Savvy CEO Alliance – Free community for business owners
Connect with Steven Young:
- Website: Savvy Tax Strategies & Bookkeeping
Call to Action:
If you’re feeling stuck in DIY mode or want to learn more about optimizing your business finances, book a discovery call or join the Savvy CEO Alliance community.
Thank you for listening! Don’t forget to subscribe and leave a review.
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