EP 28 - Jeremiah Kovacs - 3 Phases of Book Keeping and 3 Ways to Approach Sales Tax

The magic of accounting is all about taking data and turning it into valuable information. On today’s Awesomers Authority episode, Steve Simonson introduces us to Jeremiah Kovacs, Founder of MuseMinded. He and his team have worked with hundreds of Amazon Marketplace sellers to automate and outsource their financial systems. Here are some key points on today’s episode: What MuseMinded is and how it helps Amazon marketplace sellers. The three phases of bookkeeping - data capture, data categorization and data presentation. The importance of having a solid financial system. And the three ways to approach sales tax and more. So subscribe to the Awesomers podcast and learn more about having an efficient and scalable accounting system. Welcome to the Awesomers.com podcast. If you love to learn and if you're motivated to expand your mind and heck if you desire to break through those traditional paradigms and find your own version of success, you are in the right place. Awesomers around the world are on a journey to improve their lives and the lives of those around them. We believe in paying it forward and we fundamentally try to live up to the great Zig Ziglar quote where he said, "You can have everything in your life you want if you help enough other people get what they want." It doesn't matter where you came from. It only matters where you're going. My name is Steve Simonson and I hope that you will join me on this Awesomer journey. SPONSOR ADVERTISEMENT If you're launching a new product manufactured in China, you will need professional high-resolution Amazon ready photographs. Because Symo Global has a team of professionals in China, you will oftentimes receive your listing photographs before your product even leaves the country. This streamlined process will save you the time money and energy needed to concentrate on marketing and other creative content strategies before your item is in stock and ready for sale. Visit SymoGlobal.com to learn more. Because a picture should be worth one thousand keywords. You're listening to the Awesomers podcast. 1:16 (Steve introduces today’s guest, Jeremiah Kovacs, Founder of MuseMinded.) Steve: You're listening to the Awesomers.com podcast and this is episode number 28. So all you have to do is go to Awesomers.com/28 to see all the show notes and details that's Awesomers.com/28. Now today my special guest is Jeremiah Kovacs who's the Founder of MuseMinded. Jeremiah is a really good example of somebody who is kind of born out of this Amazon related ecosystem because his firm specializes a hundred percent in accounting for Amazon centric firms since 2014. He and his team have worked with hundreds of Amazon Marketplace sellers to automate and outsource their financial systems helping them leverage their own time and energy to 10x their business and build towards successful seven-figure exits by leveraging the things that they're instead of the things that maybe we don't like to do. And we've talked in today's episode about just exactly how people treat finance often as an afterthought. We talked about the idea that it's a core function that needs to be done in your business to to do scorekeeping. Yet so many of us procrastinate it or try to do it in the worst way possible either ourselves god forbid or we hire resources that aren't really specialized, don't really understand. And today I think we're gonna have a great conversation about how we can solve that particular problem. Okay Awesomers. Welcome back here we are again today Steve Simonson, I'm your host and today we're talking with Jeremiah Kovacs. How are you Jeremiah? Jeremiah: I'm doing great. I'm doing really great, Steve. Steve: Good. Did I pronounce your last name right? Jeremiah: Yes, it's phonetic Kovacs. Steve: Okay good because I've got a history of mispronouncing names and I like to just come clean when I mess it up. So luckily you've got

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If you are an Amazon seller, ecommerce entrepreneur, ebay seller or you want to learn how to sell online this Podcast is for YOU! What is an Awesomer? An Awesomer is someone who through a series of long-term actions and behaviors has demonstrated that they are not satisfied with normal. They are achievers to a penultimate degree in their own industry specialty or area of interest. There are no monetary criteria to be an Awesomer, in fact, many mega-wealthy people are not Awesomers. Some of them are Normies. Others are even Basics! Awesomers want to thrive; not just survive. Awesomers are trying to improve their lives and the lives of those around them. They are trying to make an impact, in whatever way they can, on the world. Many Amazon Sellers are awesomers. They took the Amazon FBA opportunity and they siezed the moment by taking action. If you are an Amazon Seller or interested in selling in eCommerce you should take a moment now and listen to all the Awesomer origin stories. Entrepreneurs solve problems in the world. They don’t create them. Awesomers are never done learning or improving. To become an Awesomer one must realize the journey to improve is perpetual. In other words, you don't arrive to the land of the Awesomer as a destination. Being an Awesomer means you are on the path of achievement for the sake of improving your life and those around you. Awesomers are 75% more likely to listen to educational or improvement podcasts.** What is a Normie? A Normie is someone who is stable and well established in life and ultimately is satisfied with the status quo. They don't want to rock the boat. They don't want to take risks. Normies are satisfied to survive. Normies are fine, just ask them. Awesomers have no problems with Normies. In fact, most Awesomers are surrounded by Normies who are their close friends and even family. More often than not Normies do not understand the plight of the Awesomer so they will warn the Awesomer to “be careful” or “don’t do it” or provide other guidance they mean to be helpful, but it is really just negativity that the Awesomer must overcome. We all know and love Normies and we are not criticizing Normies. We're only delineating some of the differences that exist between Awesomers and Normies. Normies are 84% more likely to listen to news about the Kardashians than Awesomers.** What is a Basic? A basic is someone who doesn't care about anyone which is often including themselves. They self-sabotage, they create problems, and they are not people that anyone should hang out with. They suck the life out of everyone around them by manufacturing drama, problems, or other nonsense. These people have chosen a path for themselves often by years and years of behaviors and actions which lead them to the life they have today; which is ok with us. We’re not judging. We just choose not to have our journey detoured by crossing the path of a Basic. (We also refer to this as the no A-HOLE rule.) 63% of basics have a cell phone only to play games, consume news or "vent" on social media.** **The preceding statistics for each archetype above is 100% made up. We like to make jokes. But we'll always tell the truth and set the record straight. The Awesomers.com podcast, hosted by Steve Simonson, will showcase some of the amazing origin stories of Awesomers from around the world. There are so many truly inspiring stories from people from all walks of life, but most often the Awesomers that will be focused on will be those who are also entrepreneurs. We'll be launching in the last half of 2018 as we build the systems and a team to support this important effort. We hope you will join us for this exhilarating journey! Many of these awesomers are Amazon sellers who have built an Amazon FBA ecommerce business and have started to see positive financial and lifestyle results.