Started a Business? Then…YOU STARTED A BUSINESS with Joey McKinnon - Episode 3

The Tax Translator ™ Show Notes Started a Business? Then…YOU STARTED A BUSINESS with Joey McKinnon - Episode 3 In this episode of The Tax Translator, Cecily Welch talks with entrepreneur and nonprofit executive Joey McKinnon about the realities of starting and running a business while navigating taxes, compliance, and financial uncertainty. Joey shares his unconventional path from geologist to political strategist, how a side hustle unexpectedly became a business, and the lessons he learned through trial and error as an entrepreneur. The conversation explores business growth, financial clarity, compliance challenges, nonprofit operations, and the mindset shifts required to balance entrepreneurship, family life, and long-term financial planning. 💡 What You’ll Learn • Why many entrepreneurs accidentally “fall into” starting a business • The importance of understanding taxes and compliance early in business ownership • Common financial mistakes new entrepreneurs make • Why “being busy” does not always equal business success • The difference between nonprofit and for-profit operational challenges • How accounting and financial clarity help business owners make better decisions • Why flexibility and time freedom drive many entrepreneurs more than money • How entrepreneurs should think about retirement planning and long-term stability 💬 Quote of the Episode “Being busy does not necessarily mean being successful.’” —Joey McKinnon 🎧 Earn CPE by Listening to The Tax Translator ™ Thanks to growing interest from members like you, we've streamlined the process with a brand-new podcast self-study exam. Each episode of The Tax Translator ™ offers the option to purchase a self-study test for CPE credit. Episodes will feature a 3-question exam and will be worth 1 hour of CPE credit. A passing grade of 70% or better is required to earn credit. Exams may be submitted for CPE up to one year after the purchase date. Here’s the link to purchase the exam for this episode: https://www.gscpa.org/Public/Products... RESOURCES: Cecily Welch, CPA, The Accountant You Can Understand®   / cecilywelch   https://cecilywelch.cpa/ This Week’s Guest: Joey McKinnon   / joey-mckinnon-p-g-a2221133b   Subscribe to The Tax Translator ™ LinkedIn Newsletter   / the-tax-translator%e2%84%a2-71301741426239...   The Georgia Society of Certified Public Accountants Not a Member of The Georgia Society of CPAs? Check out the benefits of becoming part of the community. https://www.gscpa.org/content/Members... Check out all of The Tax Translator™ episodes here: https://www.gscpa.org/content/olc/Vir... Need more CPE? GSCPA’s CPE Catalog https://www.gscpa.org/public/catalog/...