Welcome to Small Business Mornings! I'm your host, Pat Miller, the founder of the Small Business Owners Community (SBOC). Today, we need to discuss a critical new financial report that small business owners must file by the end of the year, or you could face fines of $500 a day and even jail time. Have you filed your FinCEN report yet? No one seems to be talking about this, so we're diving in today with Cierra to explain what this is all about and how to avoid penalties. Also coming up, we'll talk about entering a dead zone for client communication, our question of the week about impulse business purchases, and some exciting changes and reminders for the SBOC community.

Happy Monday! Is it the 4th of July yet? Summer is in full swing with fireflies, rounds of golf, and brats on the grill. What did you do this weekend? I played some golf, worked in the yard, and mostly relaxed. In other news, our monthly meetups are moving to the Technology Innovation Center in Wauwatosa, and we’re building partnerships to serve more entrepreneurs. Plus, we're making big changes to the SBOC, including a 200-member cap and a shift to an annual fee structure. Don't forget to check out our Meme of the Week, and remember, these changes go into effect on July 1st. Thanks for joining this episode of Small Business Mornings.

Mentioned in this episode:

2 week free trial to SBOC

Welcome to Small Business Mornings! I'm your host, Pat Miller, the founder of the Small Business Owners Community. Today, we're diving into the latest study suggesting that some small business owners need to act fast to stay ahead of the digital competition. We’ll be talking marketing with Lisa Raebel from Rebel Girl Marketing, sharing three big changes to the Small Business Owners Community, and presenting our Meme of the Week. Happy Monday! Let’s kick off the week with some positivity and motivation.

Our lead story highlights the impact of AI on the labor market, with a significant decrease in demand for digital freelancers in writing, coding, and social media post-production. The study indicates a 21% drop since the launch of ChatGPT, and I expect these numbers to rise. To stay competitive, move your business upstream and harness AI to boost productivity and client lists. Also, don’t miss our 4th annual SBOC conference featuring Lisa Raebel, where she’ll discuss making marketing easier. Thanks for joining us on Small Business Mornings. Talk to you next week!

Mentioned in this episode:

2 week free trial to SBOC

In this episode of Small Business Mornings, Pat Miller, founder of the Small Business Owners Community (SBOC), announces the exciting addition of a new co-host, Ivy, powered by ChatGPT. Ivy will assist with news updates, data analysis, and content creation, providing practical insights for small business owners. Pat also shares details about a unique one-week sponsorship deal and offers tips for keeping your community engaged both online and in person. He humorously rants about the complications of smart devices and reflects on a perfect weekend spent with family.

Upcoming events include the SBOC Milwaukee Networking and Idea Slam and the Biz Times Expo in Brookfield, where attendees can win a free conference ticket. Pat reminds listeners about the early bird deadline for the SBOC Conference tickets on June 10th, urging them to take advantage of the discount. He emphasizes the importance of embracing new technology like ChatGPT to stay ahead in business. Tune in again on June 3rd for more insights and motivation.

Mentioned in this episode:

2 week free trial to SBOC