1 00:00:01,040 --> 00:00:03,720 Speaker 1: The views, information, or opinions express during this podcast are 2 00:00:03,760 --> 00:00:06,120 Speaker 1: solely those of the individuals involved and do not represent 3 00:00:06,160 --> 00:00:08,440 Speaker 1: those of Intout, QuickBooks or any of its cornerstone brands 4 00:00:08,480 --> 00:00:11,600 Speaker 1: or employees. This podcast does not constitute financial, legal, or 5 00:00:11,600 --> 00:00:14,360 Speaker 1: other professional advice or services. No assurance is given that 6 00:00:14,400 --> 00:00:17,159 Speaker 1: the info is comprehensive, accurate, or free of errors, and 7 00:00:17,200 --> 00:00:20,279 Speaker 1: the information presented is for general information purposes only. Into 8 00:00:20,280 --> 00:00:22,880 Speaker 1: It QuickBooks does not have any responsibility for updating or 9 00:00:22,880 --> 00:00:26,520 Speaker 1: revising any information presented. Listeners should verify statements before relying 10 00:00:26,520 --> 00:00:29,000 Speaker 1: on them. QuickBooks Money is a standalone Into It offering 11 00:00:29,040 --> 00:00:31,600 Speaker 1: banking services provided by Green Dot Bank member FDIC. 12 00:00:36,880 --> 00:00:39,040 Speaker 2: Hey everyone, I'm Austin Hankwitz. 13 00:00:38,920 --> 00:00:42,040 Speaker 1: And I'm Jinny's Torres. Welcome to Mind the Business Small 14 00:00:42,040 --> 00:00:45,000 Speaker 1: Business Success Stories, a podcast brought to you by Into 15 00:00:45,040 --> 00:00:49,200 Speaker 1: It QuickBooks and iHeartRadio's Ruby Studio. In each episode, Austin 16 00:00:49,240 --> 00:00:51,840 Speaker 1: and I chat with small business owners as they share 17 00:00:51,840 --> 00:00:54,520 Speaker 1: their stories about the ups and downs of owning a 18 00:00:54,560 --> 00:00:57,520 Speaker 1: small business. Plus we'll learn from their experience about how 19 00:00:57,560 --> 00:01:01,560 Speaker 1: you can help fortify and strengthen your own businesiness. Austin, 20 00:01:01,640 --> 00:01:04,080 Speaker 1: we talk a lot about the excitement and rewards of 21 00:01:04,120 --> 00:01:08,280 Speaker 1: starting our own business. But it's not all smiles and unicorns, 22 00:01:08,360 --> 00:01:09,040 Speaker 1: is it. 23 00:01:09,040 --> 00:01:12,080 Speaker 2: It is not all rainbows and unicorns, definitely not right. 24 00:01:12,120 --> 00:01:15,520 Speaker 2: On one hand, going into business for yourself is very rewarding, 25 00:01:15,560 --> 00:01:18,319 Speaker 2: but on the other hand, it can also be very difficult. 26 00:01:18,880 --> 00:01:22,080 Speaker 1: You know, I will never forget about five years ago 27 00:01:22,600 --> 00:01:26,000 Speaker 1: when I got my first surprise four figure tax bill 28 00:01:26,360 --> 00:01:28,880 Speaker 1: after having my taxes done professionally for the first time. 29 00:01:29,400 --> 00:01:31,800 Speaker 1: I want to say, I made like twenty six thousand 30 00:01:31,880 --> 00:01:35,000 Speaker 1: dollars with my side hustle, and I didn't know anything 31 00:01:35,040 --> 00:01:38,960 Speaker 1: about estimated taxes until I got my tax return and 32 00:01:39,000 --> 00:01:42,120 Speaker 1: a payment voucher that said I owed like eight grand. 33 00:01:42,920 --> 00:01:47,640 Speaker 1: And I was like, excuse me, what is happening? And 34 00:01:47,680 --> 00:01:49,880 Speaker 1: I think that's the first moment that AI realized I 35 00:01:49,960 --> 00:01:52,200 Speaker 1: had a whole business that I needed to figure out 36 00:01:52,240 --> 00:01:55,880 Speaker 1: how to manage. But also I was way out of 37 00:01:55,880 --> 00:01:58,920 Speaker 1: my league and I needed support. And so I tell 38 00:01:59,000 --> 00:02:02,640 Speaker 1: folks now, as a business as coach, please get yourself 39 00:02:02,720 --> 00:02:05,560 Speaker 1: some financial expert that is going to help you navigate 40 00:02:05,600 --> 00:02:09,840 Speaker 1: these treacherous entrepreneurial waters, because they are very unfamiliar to 41 00:02:10,000 --> 00:02:10,600 Speaker 1: many of us. 42 00:02:11,000 --> 00:02:15,320 Speaker 2: Not just unfamiliar, but unforgiving. Oh my goodness, find a professional, 43 00:02:15,400 --> 00:02:17,600 Speaker 2: put them in your corner, and to that point to 44 00:02:17,639 --> 00:02:21,160 Speaker 2: nize right, I got my undergraduate degree in finance and economics, 45 00:02:21,200 --> 00:02:23,320 Speaker 2: so I kind of had an idea of how to 46 00:02:23,360 --> 00:02:26,160 Speaker 2: just navigate taxes a little bit as a solopreneur in 47 00:02:26,200 --> 00:02:29,240 Speaker 2: the beginning. But the mistake I made was forgetting that 48 00:02:29,360 --> 00:02:32,440 Speaker 2: the State of Tennessee, in my experience, had like an 49 00:02:32,480 --> 00:02:35,400 Speaker 2: extra business tax that I had no idea existed. So 50 00:02:35,440 --> 00:02:37,920 Speaker 2: when I got a lovely love letter from the State 51 00:02:37,919 --> 00:02:40,320 Speaker 2: of Tennessee for a thirteen thousand dollars tax bill in 52 00:02:40,360 --> 00:02:43,959 Speaker 2: twenty twenty one that I wasn't expecting, I was equally 53 00:02:44,040 --> 00:02:45,720 Speaker 2: as surprised and taken back. 54 00:02:46,080 --> 00:02:46,640 Speaker 3: Yikes. 55 00:02:47,080 --> 00:02:50,800 Speaker 1: Well, our guest actually has an incredibly inspiring story relating 56 00:02:50,840 --> 00:02:53,640 Speaker 1: to this topic, so let's go ahead and introduce her. 57 00:03:00,000 --> 00:03:02,400 Speaker 1: Taylor Randall grew up on a farm in Washington State, 58 00:03:02,440 --> 00:03:05,160 Speaker 1: where she learned to appreciate making things by hand and 59 00:03:05,280 --> 00:03:08,680 Speaker 1: being self reliant. Her earliest memories are of sitting on 60 00:03:08,680 --> 00:03:13,359 Speaker 1: her grandmother's floor measuring yarns and hand tying quilts. Eventually, 61 00:03:13,440 --> 00:03:17,919 Speaker 1: her grandmother gifted her the prized vintage Montgomery Ward sewing machine, 62 00:03:18,000 --> 00:03:20,440 Speaker 1: and Taylor would go on to create quilts as a 63 00:03:20,480 --> 00:03:24,240 Speaker 1: side job from then on. When a financial emergency forced 64 00:03:24,280 --> 00:03:27,799 Speaker 1: her to get creative, she did just that, starting craft 65 00:03:27,880 --> 00:03:31,440 Speaker 1: Vintage Garments to sell on Deepop. After more orders started 66 00:03:31,440 --> 00:03:34,320 Speaker 1: coming in, she moved her business to Instagram and found 67 00:03:34,320 --> 00:03:37,520 Speaker 1: herself featured in The New York Times a month later. 68 00:03:38,200 --> 00:03:40,720 Speaker 1: Taylor is no stranger to the challenges of starting her 69 00:03:40,720 --> 00:03:44,320 Speaker 1: own business and faced near ruinous adversity while trying to 70 00:03:44,400 --> 00:03:47,760 Speaker 1: navigate the unique and complicated taxes that come with self employment. 71 00:03:48,320 --> 00:03:51,560 Speaker 1: She is very vocal about overcoming her own hurdles and 72 00:03:51,640 --> 00:03:55,600 Speaker 1: helping others overcome theirs. Today, she runs her own business 73 00:03:55,760 --> 00:03:59,560 Speaker 1: called Soft Paw Vintage, where she creates clothing and accessories 74 00:03:59,600 --> 00:04:01,200 Speaker 1: from the text eyes. 75 00:04:02,640 --> 00:04:06,160 Speaker 3: Taylor, Welcome to the show. Hi, thank you for having me. 76 00:04:06,200 --> 00:04:07,320 Speaker 3: I'm tickled pink. 77 00:04:08,600 --> 00:04:10,960 Speaker 2: This is going to be such a fun conversation. Now, 78 00:04:11,080 --> 00:04:14,640 Speaker 2: before we jump into the navigating taxes part of the conversation, 79 00:04:14,720 --> 00:04:17,320 Speaker 2: I want to learn a little bit more about your business, Taylor. 80 00:04:17,880 --> 00:04:20,360 Speaker 2: Starting with the name. Is there a story behind the 81 00:04:20,440 --> 00:04:21,880 Speaker 2: name Softpaw Vintage? 82 00:04:22,520 --> 00:04:23,839 Speaker 3: I mean kind of so. 83 00:04:24,760 --> 00:04:27,200 Speaker 4: I have two dogs and I had two cats at 84 00:04:27,200 --> 00:04:30,920 Speaker 4: the time, and they would walk all over the fabric, 85 00:04:31,720 --> 00:04:35,679 Speaker 4: and it kind of came through that I wanted something 86 00:04:35,720 --> 00:04:39,280 Speaker 4: short and sweet that people could like digest easily, and 87 00:04:40,080 --> 00:04:41,480 Speaker 4: soft Paw kind of just stuck. 88 00:04:42,200 --> 00:04:44,840 Speaker 2: It's such a cool name. Now let's jump into the 89 00:04:44,920 --> 00:04:47,240 Speaker 2: nitty gritty a little bit. I'm curious how much of 90 00:04:47,240 --> 00:04:50,160 Speaker 2: your childhood was spent learning to sew and create. Did 91 00:04:50,240 --> 00:04:52,479 Speaker 2: you get to appreciate it right away? 92 00:04:53,080 --> 00:04:55,040 Speaker 4: I think so, yeah. I mean, and I think it's 93 00:04:55,040 --> 00:04:59,520 Speaker 4: a generational thing for sure. And I've always been drawn 94 00:04:59,640 --> 00:05:05,279 Speaker 4: to crocheting or knitting and hand sewing, and then my 95 00:05:05,360 --> 00:05:09,560 Speaker 4: grandma would make the quilts and then to like fashion 96 00:05:09,640 --> 00:05:10,359 Speaker 4: them all together. 97 00:05:10,480 --> 00:05:11,640 Speaker 3: You do yarn ties. 98 00:05:11,920 --> 00:05:15,520 Speaker 4: So I remember quilts being laid out in the living 99 00:05:15,600 --> 00:05:18,080 Speaker 4: room and like helping her like do the yarn ties 100 00:05:18,200 --> 00:05:21,400 Speaker 4: and stuff. So I feel like it's just been part 101 00:05:21,440 --> 00:05:25,000 Speaker 4: of my childhood and how I grew up absolutely. 102 00:05:25,360 --> 00:05:25,520 Speaker 1: Now. 103 00:05:25,920 --> 00:05:29,560 Speaker 2: Jenise talked about you selling your first coat on Deepop. 104 00:05:29,640 --> 00:05:31,839 Speaker 2: What went through your mind when you were like, wait 105 00:05:31,880 --> 00:05:35,080 Speaker 2: a second, I'm on Deepop. It just sold, I'm making money. 106 00:05:35,080 --> 00:05:36,080 Speaker 2: How cool was that for you? 107 00:05:37,120 --> 00:05:37,440 Speaker 3: Well? 108 00:05:37,720 --> 00:05:40,320 Speaker 4: I think it was like out of necessity because it 109 00:05:40,440 --> 00:05:44,359 Speaker 4: was like the common COVID story of I actually was 110 00:05:44,440 --> 00:05:48,880 Speaker 4: bartending prior and selling vintage was just like a side hustle, 111 00:05:49,279 --> 00:05:53,560 Speaker 4: and when everything shut down, luckily I had a decent 112 00:05:53,600 --> 00:05:57,680 Speaker 4: amount of like inventory, So I had like distressed vintage 113 00:05:57,760 --> 00:06:00,920 Speaker 4: denim and like a stack of quilts I just collected 114 00:06:00,920 --> 00:06:04,080 Speaker 4: because I liked them. And I had made a coat 115 00:06:04,160 --> 00:06:07,600 Speaker 4: for myself prior, and a lot of people when I'd 116 00:06:07,600 --> 00:06:09,760 Speaker 4: wear it out, like, I got a lot of compliments 117 00:06:09,760 --> 00:06:12,640 Speaker 4: on it, and so I kind of was just being 118 00:06:12,760 --> 00:06:15,120 Speaker 4: resourceful where I was like, I can't go and source 119 00:06:15,160 --> 00:06:19,200 Speaker 4: more vintage to sustain myself, but I have these quilts, 120 00:06:19,240 --> 00:06:22,160 Speaker 4: and so I made that first jacket and when it sold, 121 00:06:23,200 --> 00:06:27,760 Speaker 4: I definitely was really encouraging and rewarding. And then I 122 00:06:27,800 --> 00:06:32,080 Speaker 4: started getting this influx of like messages for like custom orders, 123 00:06:32,279 --> 00:06:36,840 Speaker 4: and I kind of just dove all in. I mean, 124 00:06:36,880 --> 00:06:38,800 Speaker 4: I thought I would bartend the rest of my life. 125 00:06:39,240 --> 00:06:41,720 Speaker 4: It was good money and I was really good at it, 126 00:06:42,480 --> 00:06:44,480 Speaker 4: and it would be able to afford for me to 127 00:06:44,520 --> 00:06:47,120 Speaker 4: like do my hobbies and like crafts on the side. 128 00:06:47,839 --> 00:06:51,440 Speaker 4: And so when it just kind of jumped off like that, 129 00:06:52,160 --> 00:06:54,240 Speaker 4: something did kind of click where I was like, oh, 130 00:06:54,240 --> 00:06:57,240 Speaker 4: maybe this is what I'm meant to be doing, and 131 00:06:57,760 --> 00:07:00,880 Speaker 4: there was that imposter syndrome of like I knew how 132 00:07:00,920 --> 00:07:04,000 Speaker 4: to seb but not like garment construction. I wasn't familiar 133 00:07:04,040 --> 00:07:08,520 Speaker 4: with the ins and outs of technical sewing. So as 134 00:07:08,560 --> 00:07:10,640 Speaker 4: it kind of snowballed, I had to kind of catch 135 00:07:10,720 --> 00:07:14,240 Speaker 4: up to the demand of what people were expecting, and 136 00:07:14,320 --> 00:07:18,240 Speaker 4: I think it was the fire that I needed under me. 137 00:07:19,440 --> 00:07:23,040 Speaker 1: I love it, and it's just such a common narrative 138 00:07:23,040 --> 00:07:26,000 Speaker 1: that we hear from so many entrepreneurs. This happens by accident. 139 00:07:26,000 --> 00:07:27,680 Speaker 1: It's one of those things that you don't even realize 140 00:07:27,680 --> 00:07:30,640 Speaker 1: you're starting a business. Yeah, and so with that comes 141 00:07:30,840 --> 00:07:32,880 Speaker 1: real life business problems. 142 00:07:32,960 --> 00:07:33,280 Speaker 4: Right. 143 00:07:33,400 --> 00:07:36,560 Speaker 1: So the thing about a lot of business owners is 144 00:07:36,600 --> 00:07:39,880 Speaker 1: they tend to share their victory stories on social media, right. 145 00:07:39,920 --> 00:07:43,040 Speaker 1: But you're very open about the challenges that you face 146 00:07:43,120 --> 00:07:45,400 Speaker 1: and how you've overcome them, which is great because I 147 00:07:45,400 --> 00:07:48,040 Speaker 1: feel like you're helping other people avoid those same mistakes. 148 00:07:48,480 --> 00:07:50,800 Speaker 1: So when you first started selling online, what was the 149 00:07:50,800 --> 00:07:52,000 Speaker 1: first hurdle that you faced? 150 00:07:52,760 --> 00:07:57,320 Speaker 4: I would say, honestly, for me, it was kind of 151 00:07:58,040 --> 00:08:02,440 Speaker 4: like comparison bingo, because I think there was this influx 152 00:08:02,520 --> 00:08:05,760 Speaker 4: of other people in a similar vein to what I 153 00:08:05,880 --> 00:08:09,840 Speaker 4: was doing, and I want to support the community and 154 00:08:09,960 --> 00:08:13,520 Speaker 4: like be a part of it in that way of 155 00:08:13,560 --> 00:08:18,280 Speaker 4: like sustainability and uplifting other artists and makers. But for me, 156 00:08:18,760 --> 00:08:20,840 Speaker 4: it was really I was getting in my own head. 157 00:08:20,920 --> 00:08:23,800 Speaker 4: And I think when I kind of released that and 158 00:08:24,040 --> 00:08:27,880 Speaker 4: just stayed in my own lane and wasn't looking to 159 00:08:27,920 --> 00:08:30,720 Speaker 4: what others were doing, I think that really like shifted 160 00:08:30,760 --> 00:08:35,240 Speaker 4: my creativity and it expanded my mind. And I think 161 00:08:35,320 --> 00:08:39,679 Speaker 4: that definitely having a good healthy boundary with like social 162 00:08:39,720 --> 00:08:43,800 Speaker 4: media is important for me. I mean, that's how I 163 00:08:43,880 --> 00:08:48,960 Speaker 4: make money is through promoting and marketing through Instagram, and 164 00:08:49,000 --> 00:08:51,560 Speaker 4: I'm very thankful for the following that I have, But 165 00:08:51,640 --> 00:08:55,480 Speaker 4: it feels like a double edged sword because I feel 166 00:08:55,480 --> 00:08:59,600 Speaker 4: like at times I'm considered like a content creator, like 167 00:08:59,640 --> 00:09:02,560 Speaker 4: people like to see how I live just as much 168 00:09:02,600 --> 00:09:04,920 Speaker 4: as they like to support my art, which is like 169 00:09:05,360 --> 00:09:08,120 Speaker 4: a conflicting feeling, you know what I mean, Like it's 170 00:09:08,200 --> 00:09:09,200 Speaker 4: kind of a weird feeling. 171 00:09:09,679 --> 00:09:12,160 Speaker 1: I think it can almost feel like you don't necessarily 172 00:09:12,200 --> 00:09:14,880 Speaker 1: own any part of your existence when you're sharing all 173 00:09:14,920 --> 00:09:17,160 Speaker 1: of it. So I think that's where that healthy boundary 174 00:09:17,200 --> 00:09:20,120 Speaker 1: comes in, of just being okay with not necessarily having 175 00:09:20,160 --> 00:09:24,719 Speaker 1: to show your entire existence on social media and utilizing 176 00:09:24,840 --> 00:09:27,439 Speaker 1: what is most effective from a content perspective to get 177 00:09:27,480 --> 00:09:30,600 Speaker 1: to your business goals without kind of losing what belongs 178 00:09:30,600 --> 00:09:30,840 Speaker 1: to you. 179 00:09:31,679 --> 00:09:35,720 Speaker 4: Yeah, and that's kind of why I've navigated towards like 180 00:09:35,840 --> 00:09:38,880 Speaker 4: doing a newsletter for paid subscribers to kind of like 181 00:09:39,000 --> 00:09:41,760 Speaker 4: funnel them, like the people who want to hear it 182 00:09:41,840 --> 00:09:45,120 Speaker 4: can where I can talk about more vulnerable things versus 183 00:09:45,160 --> 00:09:48,440 Speaker 4: like just feeling like I'm on blast on Instagram and 184 00:09:48,520 --> 00:09:52,720 Speaker 4: like some people just want to see the stuff that 185 00:09:52,760 --> 00:09:54,719 Speaker 4: I make in you know, and some people want to 186 00:09:54,760 --> 00:09:57,559 Speaker 4: see my dogs and like hear about my sobriety and 187 00:09:57,640 --> 00:10:01,160 Speaker 4: like how I navigate my tax is and like small 188 00:10:01,160 --> 00:10:05,600 Speaker 4: business stuff. So I think funneling people into that newsletter 189 00:10:05,800 --> 00:10:07,960 Speaker 4: is like the best of both worlds where. 190 00:10:07,840 --> 00:10:10,520 Speaker 3: I can kind of keep it separate. Yeah. 191 00:10:10,800 --> 00:10:13,360 Speaker 1: So you mentioned the word taxes. Let's talk a little 192 00:10:13,360 --> 00:10:15,880 Speaker 1: bit about that. So we talk a lot about revenue, 193 00:10:17,640 --> 00:10:20,480 Speaker 1: but you know they say, mo money, more problems, right, 194 00:10:20,640 --> 00:10:23,599 Speaker 1: So can you talk about how you've learned maybe the 195 00:10:23,640 --> 00:10:26,000 Speaker 1: hard way to navigate the taxes that come with having 196 00:10:26,040 --> 00:10:26,600 Speaker 1: a business. 197 00:10:27,559 --> 00:10:30,000 Speaker 4: Yeah, So, I mean they don't teach you that stuff 198 00:10:30,000 --> 00:10:33,040 Speaker 4: in school, you know, like I knew taxes were real. 199 00:10:33,240 --> 00:10:35,480 Speaker 4: They say death and taxes the two things that are 200 00:10:35,559 --> 00:10:42,160 Speaker 4: unavoidable in life. And I think that I was just 201 00:10:42,240 --> 00:10:46,560 Speaker 4: like turning my head the first couple two years, just 202 00:10:46,600 --> 00:10:49,360 Speaker 4: would go plug in the numbers from the forms that 203 00:10:49,440 --> 00:10:52,680 Speaker 4: I got, and then just like okay, I did the thing. 204 00:10:52,800 --> 00:10:56,000 Speaker 4: You know, like the irs is not forgiving. You can't 205 00:10:56,440 --> 00:11:01,480 Speaker 4: be off a couple numbers. You can't just guess, you know, right. 206 00:11:01,640 --> 00:11:04,080 Speaker 4: So I think if I could go back in time, 207 00:11:04,320 --> 00:11:07,720 Speaker 4: I would tell my younger self, like, just buck up 208 00:11:07,760 --> 00:11:11,640 Speaker 4: and get the account and get stuff squared away to 209 00:11:11,679 --> 00:11:14,480 Speaker 4: stay up on your quarterly. That is something that I 210 00:11:14,640 --> 00:11:18,360 Speaker 4: kind of knew existed but did not want to participate in. 211 00:11:20,000 --> 00:11:23,680 Speaker 4: I just didn't know what I was doing, and I'm 212 00:11:23,720 --> 00:11:26,160 Speaker 4: definitely still paying for it. I mean, it's hard to 213 00:11:26,200 --> 00:11:28,040 Speaker 4: speak from the wound, you know what I mean, Like 214 00:11:28,080 --> 00:11:31,840 Speaker 4: I haven't really rounded the corner fully yet. I'm still 215 00:11:32,080 --> 00:11:34,720 Speaker 4: sorting it out and kind of untangling the mess that 216 00:11:34,760 --> 00:11:35,640 Speaker 4: I had created. 217 00:11:36,200 --> 00:11:40,520 Speaker 1: Yeah, taxes are one of the most excruciating parts of 218 00:11:40,600 --> 00:11:43,200 Speaker 1: owning a small business, and I've had my fair share 219 00:11:43,240 --> 00:11:47,480 Speaker 1: of unexpected tax bills multiple times. So can you tell 220 00:11:47,520 --> 00:11:49,840 Speaker 1: us about what your experience has been like and how 221 00:11:49,880 --> 00:11:52,400 Speaker 1: you've navigated that tax bill. 222 00:11:52,520 --> 00:11:56,160 Speaker 4: Well, how I kind of found out about the immense 223 00:11:56,240 --> 00:11:59,400 Speaker 4: taxtet that I'm in is, you know, my business was 224 00:11:59,440 --> 00:12:02,000 Speaker 4: growing and I thought I was in a position to 225 00:12:02,160 --> 00:12:05,800 Speaker 4: potentially buy a house. So in doing so, when you 226 00:12:05,840 --> 00:12:08,360 Speaker 4: start talking to the broker and such like, we need 227 00:12:08,480 --> 00:12:11,760 Speaker 4: three years of back taxes. But through that I kind 228 00:12:11,760 --> 00:12:15,280 Speaker 4: of unearthed the fact that I had done twenty twenty wrong. 229 00:12:15,960 --> 00:12:19,280 Speaker 4: And in doing so, I got, you know, my accountant, 230 00:12:19,320 --> 00:12:23,360 Speaker 4: and we amended that return. And I was living in 231 00:12:23,559 --> 00:12:27,440 Speaker 4: my cute, perfect dream cabin on Mount Hood, you know, 232 00:12:27,600 --> 00:12:30,400 Speaker 4: just chopping my firewood, taking my dogs on hikes, and 233 00:12:30,520 --> 00:12:35,440 Speaker 4: just sewing all day, living my literal dream. And then 234 00:12:35,800 --> 00:12:38,600 Speaker 4: I found out that like, oh, instead of the eight 235 00:12:38,720 --> 00:12:42,280 Speaker 4: hundred that I had paid the IRS, I actually owed 236 00:12:42,320 --> 00:12:45,440 Speaker 4: them closer to ten thousand dollars, and that was just 237 00:12:45,480 --> 00:12:50,000 Speaker 4: through the IRS, because federal and state are different, and so. 238 00:12:50,520 --> 00:12:52,800 Speaker 3: I owed the IRS about eight. 239 00:12:52,720 --> 00:12:57,200 Speaker 4: Thousand, and then I owed Oregan State about three I think, 240 00:12:58,080 --> 00:13:00,720 Speaker 4: and then finding out I had done that that you're wrong, 241 00:13:01,080 --> 00:13:03,040 Speaker 4: and you know, I think it was twenty twenty two 242 00:13:03,120 --> 00:13:06,560 Speaker 4: at that time. And then twenty twenty one, those numbers 243 00:13:06,559 --> 00:13:09,240 Speaker 4: were about the same, and so it's just kind of 244 00:13:09,280 --> 00:13:12,920 Speaker 4: snowballs into the point where I owe about thirty thousand 245 00:13:13,040 --> 00:13:17,520 Speaker 4: to the IRS. So it was definitely overwhelming. 246 00:13:18,360 --> 00:13:20,160 Speaker 3: I cried a lot. 247 00:13:20,040 --> 00:13:21,880 Speaker 4: And I threw my hands up, and I was like, 248 00:13:22,440 --> 00:13:26,920 Speaker 4: I can either keep going forward and hope that it 249 00:13:27,040 --> 00:13:29,640 Speaker 4: works out, or I can just give up and go 250 00:13:29,760 --> 00:13:33,720 Speaker 4: back to bartending. But I've really gotten accustomed to being 251 00:13:33,800 --> 00:13:36,320 Speaker 4: my own boss and making my own hours, and I 252 00:13:36,480 --> 00:13:39,400 Speaker 4: still enjoy sewing and I don't want. 253 00:13:39,200 --> 00:13:39,880 Speaker 3: To give that up. 254 00:13:39,960 --> 00:13:45,560 Speaker 4: So I just took a deep breath and started looking 255 00:13:45,600 --> 00:13:49,400 Speaker 4: for an accountant. And the thing about the IRS, even 256 00:13:49,440 --> 00:13:52,520 Speaker 4: though they are like big, mean and scary and inevitable, 257 00:13:53,120 --> 00:13:56,240 Speaker 4: as long as you're in communication with them and actively 258 00:13:56,360 --> 00:13:59,320 Speaker 4: making payments, they're not going to come and take your car. 259 00:13:59,520 --> 00:14:01,560 Speaker 4: They're not going to come and take your TV or 260 00:14:01,600 --> 00:14:02,800 Speaker 4: your dogs or. 261 00:14:02,679 --> 00:14:03,360 Speaker 3: You know what I mean. 262 00:14:03,520 --> 00:14:06,120 Speaker 4: Like, I'm on a payment plan with them every month, 263 00:14:06,160 --> 00:14:08,400 Speaker 4: and it's for what I can afford, you know. I've 264 00:14:08,400 --> 00:14:12,360 Speaker 4: looked at my budget and realistically, like what can I 265 00:14:12,400 --> 00:14:16,040 Speaker 4: get away with giving them without sacrificing a lot in 266 00:14:16,120 --> 00:14:19,400 Speaker 4: my day to day life for myself personally and still 267 00:14:19,440 --> 00:14:21,000 Speaker 4: maintaining the business. 268 00:14:21,560 --> 00:14:23,600 Speaker 2: So what was the one thing you did that you 269 00:14:23,640 --> 00:14:26,240 Speaker 2: think was really effective in getting yourself set up for 270 00:14:26,280 --> 00:14:27,480 Speaker 2: success moving forward? 271 00:14:28,240 --> 00:14:31,600 Speaker 4: I switch from an LLC to an S CODE, and 272 00:14:32,360 --> 00:14:35,680 Speaker 4: I'm on a payroll company, so I pay myself out 273 00:14:35,920 --> 00:14:40,400 Speaker 4: through the payroll company, and through that, I don't have 274 00:14:40,480 --> 00:14:44,120 Speaker 4: to deal with figuring out taxes. So it's kind of 275 00:14:44,120 --> 00:14:45,960 Speaker 4: programmed in there. Just like if I was to go 276 00:14:46,040 --> 00:14:49,440 Speaker 4: work at a restaurant and get a W two, my 277 00:14:49,560 --> 00:14:52,360 Speaker 4: taxes already get taken out, and so that kind of 278 00:14:52,400 --> 00:14:55,080 Speaker 4: takes out the guessing game of like just chucking money 279 00:14:55,080 --> 00:14:58,480 Speaker 4: at the irs and like trying to anticipate based off 280 00:14:58,480 --> 00:15:01,120 Speaker 4: of last year cells what I should be setting aside. 281 00:15:01,800 --> 00:15:06,440 Speaker 4: And when I learned that and my landlord was raising 282 00:15:06,440 --> 00:15:09,320 Speaker 4: the rent at the cabin, I was like, this just 283 00:15:09,400 --> 00:15:13,520 Speaker 4: isn't sustainable. I can't pay two thousand dollars in rent 284 00:15:13,600 --> 00:15:17,840 Speaker 4: by myself and also be trying to get ahead of 285 00:15:17,880 --> 00:15:21,800 Speaker 4: quarterly and you know, material and everything else that goes 286 00:15:21,840 --> 00:15:26,600 Speaker 4: into running a business and also paying off that tax deet, 287 00:15:26,800 --> 00:15:30,440 Speaker 4: you know what I mean. So I had this opportunity 288 00:15:30,560 --> 00:15:33,440 Speaker 4: to go live and work on this farm, in. 289 00:15:33,360 --> 00:15:34,840 Speaker 3: This work trade situation. 290 00:15:35,920 --> 00:15:39,000 Speaker 4: The house I lived in was unfinished, but I wasn't 291 00:15:39,000 --> 00:15:43,400 Speaker 4: paying rent, and so in that nine month period I 292 00:15:43,440 --> 00:15:47,600 Speaker 4: was able to check twenty thousand dollars at the irs. 293 00:15:47,760 --> 00:15:48,240 Speaker 2: Wow. 294 00:15:48,280 --> 00:15:51,280 Speaker 4: I was so privileged to have this opportunity. I wasn't 295 00:15:51,760 --> 00:15:55,920 Speaker 4: paying electricity, I wasn't paying for anything. But it was 296 00:15:55,960 --> 00:15:59,080 Speaker 4: like hard labor and I learned a lot and then 297 00:15:59,520 --> 00:16:03,640 Speaker 4: come guy, I was like, okay, I'm ahead of like 298 00:16:03,760 --> 00:16:05,880 Speaker 4: my quarterly for last year. Like I was in a 299 00:16:05,920 --> 00:16:08,520 Speaker 4: good spot where I was like, I want to come home. 300 00:16:09,200 --> 00:16:11,840 Speaker 4: I come back to Portland. I don't want to be, 301 00:16:12,520 --> 00:16:14,960 Speaker 4: you know, living off grid, even though that's in line 302 00:16:15,000 --> 00:16:18,800 Speaker 4: with the sustainability that I like. It was hard living 303 00:16:18,840 --> 00:16:21,440 Speaker 4: on solar and it's hard not having a washer and 304 00:16:21,520 --> 00:16:24,560 Speaker 4: dryer and showering with like pond water. 305 00:16:25,480 --> 00:16:27,560 Speaker 2: Oh my gosh, I could imagine that is. 306 00:16:27,520 --> 00:16:29,600 Speaker 1: An intense way to tackle your text. 307 00:16:29,600 --> 00:16:33,000 Speaker 3: At my gosh. Yeah, and I don't want to look 308 00:16:33,040 --> 00:16:33,240 Speaker 3: at it. 309 00:16:33,320 --> 00:16:36,360 Speaker 4: It's like part of me thought I was like punishing myself, 310 00:16:36,760 --> 00:16:40,320 Speaker 4: you know, and I kind of wish I would have 311 00:16:40,360 --> 00:16:42,960 Speaker 4: not been so hard on myself about it. And like 312 00:16:43,000 --> 00:16:45,720 Speaker 4: the farm was beautiful and I learned so much and 313 00:16:45,760 --> 00:16:48,880 Speaker 4: it served its purpose. But at the end of the day, 314 00:16:49,320 --> 00:16:53,320 Speaker 4: I'm just so happy to be back in Portland and 315 00:16:53,440 --> 00:16:56,000 Speaker 4: like have the lights on past six pm and like 316 00:16:56,080 --> 00:16:59,080 Speaker 4: have clean running water, and just like the whole journey 317 00:16:59,080 --> 00:17:02,520 Speaker 4: has just shaped me to really appreciate every little thing, 318 00:17:02,720 --> 00:17:04,000 Speaker 4: And so it was necessary. 319 00:17:04,720 --> 00:17:07,800 Speaker 1: I really appreciate your perspective, Taylor, because I think a 320 00:17:07,840 --> 00:17:10,439 Speaker 1: lot of people who could encounter that that might be 321 00:17:10,480 --> 00:17:13,320 Speaker 1: the thing that discourages them from even continuing to run 322 00:17:13,359 --> 00:17:15,800 Speaker 1: their business. Yeah, right, And so I think it's important 323 00:17:15,800 --> 00:17:19,560 Speaker 1: to know there are options for managing unexpected tax bills. 324 00:17:19,560 --> 00:17:21,879 Speaker 1: So just know you're not alone in the struggle, but 325 00:17:21,920 --> 00:17:23,639 Speaker 1: there are tools out there to help you. 326 00:17:24,240 --> 00:17:25,200 Speaker 3: Yeah, one hundred percent. 327 00:17:25,560 --> 00:17:29,200 Speaker 4: And it's allowing me to pivot in different ways where 328 00:17:29,320 --> 00:17:34,400 Speaker 4: I'm now actively trying to create passive income. I started 329 00:17:34,440 --> 00:17:37,560 Speaker 4: making patterns where people who are like, oh, I love 330 00:17:37,560 --> 00:17:40,160 Speaker 4: that dress I wish I could make that, they can 331 00:17:40,200 --> 00:17:42,800 Speaker 4: go to my website and buy the pattern. I've also 332 00:17:42,880 --> 00:17:46,000 Speaker 4: taught classes live on Zoom that is recorded that can 333 00:17:46,080 --> 00:17:49,840 Speaker 4: just be sold. And then also with the newsletter, it's 334 00:17:50,119 --> 00:17:53,200 Speaker 4: five bucks a month and people who want to access 335 00:17:53,359 --> 00:17:55,440 Speaker 4: that part of my life can. 336 00:17:55,680 --> 00:17:59,160 Speaker 1: Yeah, you're speaking my love language. Multiple income streams are 337 00:17:59,200 --> 00:18:03,800 Speaker 1: the best, so you know, the way that you share 338 00:18:04,080 --> 00:18:07,800 Speaker 1: your challenges and your successes on social media. I think 339 00:18:07,840 --> 00:18:10,240 Speaker 1: that's honestly one of the best things we can do 340 00:18:10,320 --> 00:18:13,800 Speaker 1: is entrepreneurs because it helps everyone. And the thing that 341 00:18:13,840 --> 00:18:18,000 Speaker 1: I love about QuickBooks and specifically their QuickBooks Money tool, 342 00:18:18,119 --> 00:18:21,760 Speaker 1: is that they're helping entrepreneurs navigate exactly what you're talking about, Yeah, 343 00:18:21,880 --> 00:18:25,440 Speaker 1: keeping track of getting paid, keeping track of your taxes 344 00:18:25,560 --> 00:18:28,040 Speaker 1: and all those things. So can you talk about what 345 00:18:28,119 --> 00:18:31,520 Speaker 1: strategies you're now using to keep track of your finances 346 00:18:31,600 --> 00:18:35,080 Speaker 1: and your regular product output when things need to be 347 00:18:35,200 --> 00:18:39,080 Speaker 1: sent on top of you know, managing custom requests. How 348 00:18:39,119 --> 00:18:40,439 Speaker 1: do you keep all of that straight? 349 00:18:41,119 --> 00:18:44,080 Speaker 4: So in terms of quick books, I actually use the 350 00:18:44,160 --> 00:18:45,200 Speaker 4: QuickBooks app. 351 00:18:45,480 --> 00:18:47,800 Speaker 3: So they have like an umbrella for self employment. 352 00:18:48,040 --> 00:18:51,520 Speaker 4: And I think it was my second year I was like, Okay, 353 00:18:51,600 --> 00:18:54,040 Speaker 4: I gotta get serious. I got to figure it's out. 354 00:18:54,760 --> 00:18:56,439 Speaker 4: So that was one of the first steps that I 355 00:18:56,440 --> 00:18:59,720 Speaker 4: did on my own. And then I hired an accountant 356 00:18:59,720 --> 00:19:02,680 Speaker 4: who helps me with my profits and loss and kind 357 00:19:02,680 --> 00:19:05,240 Speaker 4: of keeps that stuff dialed for me, like the stuff 358 00:19:05,320 --> 00:19:09,040 Speaker 4: that I can't wrap my head around, Like I'm i outsource. 359 00:19:09,119 --> 00:19:11,800 Speaker 4: That is the only thing I outsource in terms of 360 00:19:11,840 --> 00:19:14,640 Speaker 4: like work, is I have an assistant who takes care 361 00:19:14,640 --> 00:19:17,159 Speaker 4: of like the back end of stuff in terms of 362 00:19:17,200 --> 00:19:19,760 Speaker 4: like emails and custom orders and shipping. 363 00:19:20,560 --> 00:19:21,240 Speaker 3: I had an. 364 00:19:21,160 --> 00:19:25,280 Speaker 4: Assistant for a while. But I think a lot of 365 00:19:25,320 --> 00:19:27,840 Speaker 4: people can relate to this in terms of like it 366 00:19:27,960 --> 00:19:31,320 Speaker 4: being your own business and feeling like kind of a 367 00:19:31,359 --> 00:19:35,160 Speaker 4: control freak, you know, me being the face of my company. 368 00:19:35,320 --> 00:19:38,800 Speaker 4: It feels weird to have someone else replying to my emails, 369 00:19:39,359 --> 00:19:41,760 Speaker 4: and I feel like with custom stuff, it's such a 370 00:19:41,840 --> 00:19:47,520 Speaker 4: visual thing, and so I'm extremely hands on with ninety percent. 371 00:19:47,240 --> 00:19:49,400 Speaker 3: Of my business. 372 00:19:50,440 --> 00:19:51,760 Speaker 1: Coming up after the break. 373 00:19:52,200 --> 00:19:56,160 Speaker 4: Those are really pivotal times when you kind of step up, 374 00:19:56,440 --> 00:19:58,640 Speaker 4: and that's what I did, and then a month later 375 00:19:58,720 --> 00:20:00,080 Speaker 4: I was in the New York Times. 376 00:20:01,240 --> 00:20:13,800 Speaker 1: We'll be right back with Mine the Business. Welcome back 377 00:20:13,840 --> 00:20:17,520 Speaker 1: to Mind the Business, Small business success stories from iHeartMedia's 378 00:20:17,560 --> 00:20:19,600 Speaker 1: Ruby Studio and Into It QuickBooks. 379 00:20:21,440 --> 00:20:25,320 Speaker 2: Let's pretend we're talking to the solopreneur who's really excited 380 00:20:25,320 --> 00:20:27,520 Speaker 2: about twenty twenty four because they're going to finally start 381 00:20:27,560 --> 00:20:31,240 Speaker 2: their solopreneurship journey starting this year. What piece of advice 382 00:20:31,280 --> 00:20:34,119 Speaker 2: could you give that new business owner listening right now 383 00:20:34,200 --> 00:20:36,760 Speaker 2: to help them avoid the challenges that you faced in 384 00:20:36,800 --> 00:20:38,159 Speaker 2: your business back then. 385 00:20:38,920 --> 00:20:43,879 Speaker 4: I would say definitely get the QuickBooks app and the 386 00:20:43,880 --> 00:20:48,560 Speaker 4: self employment and just get familiar with your profits and loss. 387 00:20:49,280 --> 00:20:53,880 Speaker 4: And another thing that I think is been really helpful 388 00:20:53,880 --> 00:20:57,760 Speaker 4: for me is just like sticking with my gut. As 389 00:20:57,800 --> 00:21:01,400 Speaker 4: my business started to gain my I had a lot 390 00:21:01,400 --> 00:21:06,720 Speaker 4: of opportunities to do things that didn't really resonate with 391 00:21:06,760 --> 00:21:09,919 Speaker 4: me or my business. I think staying true to myself 392 00:21:10,359 --> 00:21:12,840 Speaker 4: and my gut is what got me to this point. 393 00:21:12,840 --> 00:21:15,320 Speaker 4: And I think people appreciate that that I'm not trying 394 00:21:15,320 --> 00:21:18,280 Speaker 4: to sell them something that I don't support. 395 00:21:18,720 --> 00:21:20,320 Speaker 2: What incredible advice, Taylor. 396 00:21:20,640 --> 00:21:24,359 Speaker 1: Thanks, Yeah, that's fantastic. Let's talk a little bit about 397 00:21:24,400 --> 00:21:27,399 Speaker 1: your marketing strategy for your business. So you started on 398 00:21:27,520 --> 00:21:30,800 Speaker 1: deepop and then eventually moved to Instagram to sell your products. 399 00:21:31,040 --> 00:21:33,280 Speaker 1: Can you tell us what that transition was like and 400 00:21:33,359 --> 00:21:36,160 Speaker 1: did you have to rebuild an audience or did customers 401 00:21:36,200 --> 00:21:38,040 Speaker 1: kind of just follow you from one site to another. 402 00:21:38,720 --> 00:21:41,199 Speaker 4: The reason why I chose to go to Instagram was 403 00:21:41,280 --> 00:21:46,280 Speaker 4: deepop had so many fees and it felt like such 404 00:21:46,320 --> 00:21:48,159 Speaker 4: a huge blow where I was like I made this 405 00:21:48,359 --> 00:21:51,800 Speaker 4: jacket for two hundred dollars and they're taking twenty five 406 00:21:52,000 --> 00:21:55,360 Speaker 4: and then the shipping and everything else. So I started 407 00:21:55,400 --> 00:21:57,640 Speaker 4: the Instagram just kind of throwing in at the wall 408 00:21:57,680 --> 00:22:00,320 Speaker 4: and seeing what's stuck. I mean, I was just trying 409 00:22:00,359 --> 00:22:04,080 Speaker 4: to make money in any form of creativity. It wasn't 410 00:22:04,119 --> 00:22:08,920 Speaker 4: specifically just quilts, and so through that I think, I mean, 411 00:22:09,000 --> 00:22:12,120 Speaker 4: again that COVID story, people were just at home kind 412 00:22:12,119 --> 00:22:15,000 Speaker 4: of on their phones and there was this huge like 413 00:22:15,760 --> 00:22:19,080 Speaker 4: quilt movement, and I think it was just like the 414 00:22:19,160 --> 00:22:24,480 Speaker 4: perfect storm for me, honestly. But I started utilizing my 415 00:22:25,320 --> 00:22:28,000 Speaker 4: platform to also I lived in this cabin on Mount 416 00:22:28,000 --> 00:22:31,840 Speaker 4: Hood and you know, I'd film me like chopping wood 417 00:22:32,040 --> 00:22:34,119 Speaker 4: or like, you know, people were just interested in like 418 00:22:34,200 --> 00:22:36,919 Speaker 4: this weird little chick who's just like living in the 419 00:22:36,920 --> 00:22:39,240 Speaker 4: woods with her dogs and like making clothes out of 420 00:22:39,320 --> 00:22:43,600 Speaker 4: quilts and like chopping her own firewood. You know. So 421 00:22:43,680 --> 00:22:47,040 Speaker 4: I think it was me just being me and also 422 00:22:47,160 --> 00:22:50,520 Speaker 4: like making cool shit. People were just there for it, 423 00:22:50,560 --> 00:22:52,040 Speaker 4: and it just grew. 424 00:22:52,080 --> 00:22:54,840 Speaker 1: Well because it feels very authentic when you see someone 425 00:22:54,920 --> 00:22:57,520 Speaker 1: living a lifestyle that then feeds into the products that 426 00:22:57,520 --> 00:23:00,080 Speaker 1: they're selling, right, Like you live as a state of 427 00:23:00,119 --> 00:23:03,240 Speaker 1: a lifestyle. That is a very important aspect of just 428 00:23:03,280 --> 00:23:06,000 Speaker 1: who you are. And so the fact that your product 429 00:23:06,080 --> 00:23:08,960 Speaker 1: that you're selling reflects that. I think that's why people 430 00:23:09,000 --> 00:23:11,240 Speaker 1: resonate with it so much, because it's real. It's not 431 00:23:11,280 --> 00:23:13,879 Speaker 1: just something you're hopping on because it's trendy. Yeah, so 432 00:23:14,040 --> 00:23:17,360 Speaker 1: let's talk more about that. Do you actually research what 433 00:23:17,440 --> 00:23:19,639 Speaker 1: is selling and what is falling out of style? And 434 00:23:19,720 --> 00:23:24,320 Speaker 1: how much do you lean on trends versus just taking 435 00:23:24,320 --> 00:23:27,119 Speaker 1: inspiration from your own originality when you design something. 436 00:23:28,160 --> 00:23:31,199 Speaker 4: So I think in terms of sustainability, I think the 437 00:23:31,240 --> 00:23:36,000 Speaker 4: word trends just needs to disappear. But this full circle 438 00:23:36,119 --> 00:23:39,919 Speaker 4: movement of like these quilts were made in like the 439 00:23:40,000 --> 00:23:45,359 Speaker 4: early nineteen hundreds from clothes and so me turning them 440 00:23:45,400 --> 00:23:47,800 Speaker 4: back into clothes, I would like to think that it's 441 00:23:47,840 --> 00:23:51,840 Speaker 4: a timeless movement versus like a trend. So I don't 442 00:23:51,920 --> 00:23:56,000 Speaker 4: really look to anything else other than just like putting 443 00:23:56,000 --> 00:24:00,120 Speaker 4: out stuff that I think is cool and looks good 444 00:24:00,320 --> 00:24:05,119 Speaker 4: and hoping that other people agree. So to answer your question, 445 00:24:05,200 --> 00:24:08,280 Speaker 4: I just think that like even the word trend just 446 00:24:08,320 --> 00:24:11,080 Speaker 4: shouldn't be a thing in terms of like fashion, because 447 00:24:11,080 --> 00:24:12,720 Speaker 4: that's like what's killing the planet? 448 00:24:12,840 --> 00:24:13,080 Speaker 3: You know? 449 00:24:13,480 --> 00:24:17,600 Speaker 2: Yeah, so you've actually said when sewing magazines interview you, 450 00:24:17,640 --> 00:24:20,480 Speaker 2: they often asked the same question, when did you start 451 00:24:20,480 --> 00:24:22,440 Speaker 2: your business? And you share an answer that just gives 452 00:24:22,440 --> 00:24:24,920 Speaker 2: me goosebumps every single time I read it here, which 453 00:24:24,960 --> 00:24:28,080 Speaker 2: is saying it wasn't when you sold your first garment 454 00:24:28,280 --> 00:24:31,320 Speaker 2: or started your LLC, but instead when you started to 455 00:24:31,359 --> 00:24:34,000 Speaker 2: take yourself seriously. Talk to me about that. When did 456 00:24:34,040 --> 00:24:36,919 Speaker 2: you realize that and what moment really inspired an answer 457 00:24:37,000 --> 00:24:37,199 Speaker 2: like that. 458 00:24:38,359 --> 00:24:42,320 Speaker 4: So I was living with a partner at the time 459 00:24:43,119 --> 00:24:47,439 Speaker 4: and a roommate, and it was during COVID and my 460 00:24:47,560 --> 00:24:51,639 Speaker 4: roommate she ended up leaving, and then me and my 461 00:24:51,760 --> 00:24:54,679 Speaker 4: partner broke up and he moved out, and so I 462 00:24:54,800 --> 00:24:57,600 Speaker 4: kind of just surrendered, and I was like, if I 463 00:24:57,720 --> 00:25:01,080 Speaker 4: can just get creative and like hay Rent and like 464 00:25:01,119 --> 00:25:03,600 Speaker 4: put food on the table and like feed my dogs, 465 00:25:03,760 --> 00:25:07,479 Speaker 4: then I will have been successful. And instead of just 466 00:25:07,680 --> 00:25:10,639 Speaker 4: like being a victim to the situation and just throwing 467 00:25:10,680 --> 00:25:13,919 Speaker 4: my hands up and like poor me, I just was like, 468 00:25:14,160 --> 00:25:16,720 Speaker 4: I'm going to start taking myself seriously and this is 469 00:25:16,760 --> 00:25:20,280 Speaker 4: something that I want to do. And I think those 470 00:25:20,280 --> 00:25:24,000 Speaker 4: are really pivotal times when you kind of step up. 471 00:25:24,320 --> 00:25:26,480 Speaker 4: And that's what I did. And then a month later 472 00:25:26,560 --> 00:25:28,000 Speaker 4: I was in the New York Times. 473 00:25:28,440 --> 00:25:31,440 Speaker 2: Oh my gosh, I could not imagine that. And I 474 00:25:31,520 --> 00:25:34,560 Speaker 2: totally agree. Right, I think something that resonates here with 475 00:25:34,600 --> 00:25:36,159 Speaker 2: me back in the day when I first started my 476 00:25:36,200 --> 00:25:38,199 Speaker 2: business and the same time you did, was I had 477 00:25:38,200 --> 00:25:40,040 Speaker 2: to look myself in the mirror and says, wait a second, 478 00:25:40,280 --> 00:25:42,480 Speaker 2: there's not a plan B. It's either Plan A we 479 00:25:42,520 --> 00:25:45,000 Speaker 2: make it work, or Plan A we make it work. Right, 480 00:25:45,080 --> 00:25:47,600 Speaker 2: So shout out to you for making it work and 481 00:25:47,640 --> 00:25:50,560 Speaker 2: making it into the New York Times. Now I'm curious. 482 00:25:50,640 --> 00:25:52,840 Speaker 2: You know you do clothing. There's quilts, there's accessories. Do 483 00:25:52,840 --> 00:25:55,600 Speaker 2: you have a favorite piece you enjoy creating the most. 484 00:25:55,960 --> 00:25:57,720 Speaker 3: I think just the jackets. 485 00:25:57,840 --> 00:26:02,520 Speaker 4: I feel like they're timeless, and I think I've made 486 00:26:02,600 --> 00:26:04,720 Speaker 4: so many of them that maybe I'm just the most 487 00:26:04,760 --> 00:26:07,879 Speaker 4: comfortable like throwing one together, like I could probably just 488 00:26:07,960 --> 00:26:10,960 Speaker 4: cut it out without even using a pattern. I think 489 00:26:11,040 --> 00:26:14,880 Speaker 4: that's my favorite. But also when I get a piece 490 00:26:14,920 --> 00:26:18,880 Speaker 4: of material, sometimes I'll just know, like, Okay, this I'm 491 00:26:18,880 --> 00:26:21,040 Speaker 4: making into a shirt, or like this is going to 492 00:26:21,119 --> 00:26:24,560 Speaker 4: be a skirt, And that's when I feel the most 493 00:26:24,600 --> 00:26:27,879 Speaker 4: fulfilled is when I'm just like that inspired by something. 494 00:26:28,640 --> 00:26:31,760 Speaker 2: Well, let's figure out how we can get those quote 495 00:26:31,800 --> 00:26:34,560 Speaker 2: jackets in front of as many listeners as possible. Where 496 00:26:34,560 --> 00:26:36,760 Speaker 2: can they go and check out your awesome work buy 497 00:26:36,840 --> 00:26:39,280 Speaker 2: some of these amazing handmade vintage products. 498 00:26:39,960 --> 00:26:42,720 Speaker 4: Okay, So that's going to be on my website at 499 00:26:42,760 --> 00:26:46,000 Speaker 4: Softpa Vintage dot com. And then that is also my 500 00:26:46,119 --> 00:26:51,359 Speaker 4: Instagram handle, And then for people curious about my life 501 00:26:51,400 --> 00:26:56,240 Speaker 4: and sobriety and small business stuff, you could go to 502 00:26:56,280 --> 00:26:59,840 Speaker 4: my sub stack, which is called off Leash because I 503 00:26:59,880 --> 00:27:02,439 Speaker 4: know I feel the most free when I can just 504 00:27:02,520 --> 00:27:04,680 Speaker 4: say what I want, and my dogs feel the most 505 00:27:04,760 --> 00:27:07,600 Speaker 4: free when they're off leash, and my dogs are like 506 00:27:07,640 --> 00:27:10,320 Speaker 4: a part of my business. My dog Howdy is like 507 00:27:10,760 --> 00:27:14,080 Speaker 4: on my sticker. I've made like sweatshirts before out of 508 00:27:14,080 --> 00:27:17,520 Speaker 4: like vintage crew necks. So yeah, off Leash is my 509 00:27:17,640 --> 00:27:21,000 Speaker 4: sub stack, and a Softpa Vintage is my website. 510 00:27:21,240 --> 00:27:23,439 Speaker 2: Love the shout out to Howdy. I wish I had 511 00:27:23,480 --> 00:27:25,840 Speaker 2: a dog named Howdy. That sound looks fun. Taylor, What's 512 00:27:25,880 --> 00:27:28,359 Speaker 2: next for you? What is next for Taylor Randall? 513 00:27:29,000 --> 00:27:32,960 Speaker 4: So actually podcasting, I don't know. I've just felt really 514 00:27:33,000 --> 00:27:35,560 Speaker 4: called to do it. I don't really see myself as 515 00:27:35,600 --> 00:27:39,040 Speaker 4: a writer, but I think that I'm good at speaking 516 00:27:39,160 --> 00:27:42,920 Speaker 4: and articulating myself in like more of a flow state 517 00:27:42,960 --> 00:27:45,119 Speaker 4: instead of sitting down and like trying to get my 518 00:27:45,200 --> 00:27:49,840 Speaker 4: ideas out. So on substack there's actually an area where 519 00:27:49,840 --> 00:27:52,400 Speaker 4: you can add podcasts to it, and so I think 520 00:27:52,480 --> 00:27:55,120 Speaker 4: that would be a good place for me to kind 521 00:27:55,119 --> 00:27:58,840 Speaker 4: of dip my toe in and just do little recordings 522 00:27:58,920 --> 00:28:03,840 Speaker 4: like that or whatever. But I'm going to keep sewing forever. 523 00:28:04,040 --> 00:28:04,400 Speaker 3: I think. 524 00:28:04,640 --> 00:28:07,919 Speaker 4: I think I'm just going to keep sewing until my 525 00:28:08,000 --> 00:28:08,800 Speaker 4: hands fall off. 526 00:28:08,840 --> 00:28:11,840 Speaker 2: So as you should. You are super talented and I 527 00:28:11,840 --> 00:28:14,960 Speaker 2: cannot wait to tune into the podcast on your substack. 528 00:28:15,200 --> 00:28:17,560 Speaker 1: Thank you so much for being here, Taylor, Thank you. 529 00:28:21,560 --> 00:28:24,800 Speaker 2: Denise. Could you imagine being on a farm for nine 530 00:28:25,280 --> 00:28:29,280 Speaker 2: months just grinding away, like shout out to Taylor for 531 00:28:29,359 --> 00:28:32,200 Speaker 2: paying off twenty thousand dollars during that period of time. 532 00:28:32,200 --> 00:28:34,840 Speaker 2: That is so inspirational. But oh my goodness, I would 533 00:28:34,920 --> 00:28:37,080 Speaker 2: fold in the first week. I couldn't do it. I 534 00:28:37,080 --> 00:28:38,600 Speaker 2: don't know how she got away with this. This was 535 00:28:38,760 --> 00:28:39,960 Speaker 2: incredible of her. 536 00:28:40,360 --> 00:28:42,640 Speaker 1: I think it just speaks to the resilience that is 537 00:28:42,680 --> 00:28:45,600 Speaker 1: required when it comes to navigating this world of entrepreneurship, 538 00:28:45,640 --> 00:28:48,480 Speaker 1: you just really don't know what's going to come. And 539 00:28:48,560 --> 00:28:51,280 Speaker 1: her ability to make those hard choices to know that 540 00:28:51,320 --> 00:28:52,720 Speaker 1: she was going to be able to put herself in 541 00:28:52,720 --> 00:28:55,800 Speaker 1: a better place financially. I think it's brilliant and I 542 00:28:55,880 --> 00:28:58,760 Speaker 1: give her so many props because I don't think I 543 00:28:58,760 --> 00:28:59,640 Speaker 1: could do the same thing. 544 00:29:00,560 --> 00:29:02,440 Speaker 2: I'm right there with you. You know, something else that she 545 00:29:02,600 --> 00:29:06,040 Speaker 2: mentioned that really resonated with me was being a victor 546 00:29:06,240 --> 00:29:09,080 Speaker 2: and not a victim. I think a lot of entrepreneurs 547 00:29:09,120 --> 00:29:13,080 Speaker 2: and just solopreneurs in general, small business owners, there comes 548 00:29:13,160 --> 00:29:16,160 Speaker 2: a day where you have to make that decision of Okay, 549 00:29:16,440 --> 00:29:18,120 Speaker 2: this is what I'm doing, and I'm going to make 550 00:29:18,160 --> 00:29:21,520 Speaker 2: it work like there's no Plan B, there's no alternative, 551 00:29:21,880 --> 00:29:24,840 Speaker 2: it's Plan A or Plan A. And she made it 552 00:29:24,880 --> 00:29:27,840 Speaker 2: work right. She busted her butt, she got it done, 553 00:29:28,240 --> 00:29:30,280 Speaker 2: and she is thriving now because of that. 554 00:29:30,720 --> 00:29:31,160 Speaker 3: Yeah. 555 00:29:31,200 --> 00:29:34,080 Speaker 1: Absolutely, And I think her conversation was a really good 556 00:29:34,120 --> 00:29:36,920 Speaker 1: reminder that we don't have to go at it alone. 557 00:29:37,320 --> 00:29:39,760 Speaker 1: You know, a lot of us are navigating our business 558 00:29:39,760 --> 00:29:42,400 Speaker 1: finances in the beginning by ourselves, and we think we 559 00:29:42,520 --> 00:29:44,760 Speaker 1: have to be the smartest person in the room. And 560 00:29:44,800 --> 00:29:48,160 Speaker 1: when it comes to managing your business finances as a 561 00:29:48,160 --> 00:29:51,040 Speaker 1: money coach, I like to remind folks it's a completely 562 00:29:51,040 --> 00:29:54,080 Speaker 1: different process than managing your personal finances. You know, we're 563 00:29:54,080 --> 00:29:56,520 Speaker 1: not talking about profit and loss and cash flow and 564 00:29:56,560 --> 00:30:00,160 Speaker 1: tax strategies as much in the personal finance side of things. 565 00:30:00,320 --> 00:30:03,560 Speaker 1: So just understanding that the language of money is completely 566 00:30:03,600 --> 00:30:06,000 Speaker 1: different for an entrepreneur than it is for somebody who 567 00:30:06,280 --> 00:30:08,320 Speaker 1: is used to getting a steady paycheck. It's a good 568 00:30:08,320 --> 00:30:11,680 Speaker 1: reminder that if you don't know what's happening, it's actually 569 00:30:11,720 --> 00:30:14,160 Speaker 1: really normal to feel that way, but you don't have 570 00:30:14,200 --> 00:30:15,160 Speaker 1: to go at it alone. 571 00:30:15,360 --> 00:30:17,520 Speaker 2: Yeah, not only is it really normal, but it's actually 572 00:30:17,680 --> 00:30:20,600 Speaker 2: encouraged to go see help. Right. I wish I would 573 00:30:20,640 --> 00:30:24,200 Speaker 2: have seeked accountant help or professional help in general regarding 574 00:30:24,440 --> 00:30:28,080 Speaker 2: my business taxes and finances way back in the day, 575 00:30:28,200 --> 00:30:31,080 Speaker 2: similar to Taylor's situation here. Right, So, if you are 576 00:30:31,120 --> 00:30:33,400 Speaker 2: starting a small business in twenty twenty four, for an 577 00:30:33,400 --> 00:30:37,520 Speaker 2: existing small business owner solopreneur in general, don't be afraid 578 00:30:37,520 --> 00:30:40,040 Speaker 2: to ask for help. It is absolutely encouraged. There are 579 00:30:40,080 --> 00:30:41,600 Speaker 2: no dumb questions when it comes. 580 00:30:41,480 --> 00:30:44,320 Speaker 1: To taxes, absolutely, and you can start by checking out 581 00:30:44,400 --> 00:30:45,360 Speaker 1: QuickBooks Money. 582 00:30:45,520 --> 00:30:46,320 Speaker 2: That is correct. 583 00:30:47,080 --> 00:30:49,960 Speaker 1: Well, that's it for today's episode. You can find me 584 00:30:50,120 --> 00:30:53,080 Speaker 1: on social media at Jocciero Dinetto podcast and. 585 00:30:53,000 --> 00:30:55,920 Speaker 2: You can find me at Austin Hankwitz. You can follow 586 00:30:55,960 --> 00:30:59,000 Speaker 2: Into It QuickBooks on all social media at QuickBooks. To 587 00:30:59,000 --> 00:31:01,560 Speaker 2: get the tools you need to start, run and grow 588 00:31:01,600 --> 00:31:03,840 Speaker 2: your business, head to QuickBooks dot com today. 589 00:31:04,240 --> 00:31:06,480 Speaker 1: Don't forget to follow this show wherever you listen to 590 00:31:06,560 --> 00:31:09,280 Speaker 1: podcasts so you can stay up to date on future episodes. 591 00:31:09,640 --> 00:31:12,120 Speaker 2: We also want to hear from you, so be sure 592 00:31:12,200 --> 00:31:14,400 Speaker 2: to leave us a rating and a review. 593 00:31:15,000 --> 00:31:15,800 Speaker 1: See you next time. 594 00:31:19,680 --> 00:31:23,120 Speaker 2: This podcast is a production of iHeartRadio and Into It QuickBooks. 595 00:31:23,200 --> 00:31:26,800 Speaker 2: Our executive producer is Malay Sosha, Our supervising producer is 596 00:31:26,840 --> 00:31:29,880 Speaker 2: Nikias Swinton, and our writer is Eric Lijah. 597 00:31:30,240 --> 00:31:34,520 Speaker 1: Our head of post production is James Foster. 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