In this episode of Profits + Prosecco Podcast, I am SUPER excited to be sharing this new concept called “Off the Top Impact Pledge” with you. The idea is to skim off the top of your own business and use that portion of your sales to donate to charity. There is so much change bookkeepers and entrepreneurs can create and this is the first step to making a difference. If you want to make an impact in the online space, stay tuned!
But before we dive right in, welcome to the Profits + Prosecco Podcast! I’m your host, Katie Ferro, CPA, reformed rule follower, creator of Booked Out Bookkeeper, mom to 3 little ones, and Kajabi enthusiast.
This podcast is for entrepreneurs who desire to change their life through their profitable business, and for bookkeepers and accountants who want to escape the 9-5 and start a simple scalable bookkeeping business like I did.
Bookkeeping increases profits and profits change lives. So pop some bubbles and let me show you how!
In this episode, we are going to talk all about making a difference and taking a pledge to create an impact. For even more juicy details, listen to ALL of episode 21 of the Profits + Prosecco Podcast on your fave streaming platform.
I don’t talk about sales much, but today, it's necessary.
Last month, in particular, was HUGE for my clients and I. It was my biggest month, which got me thinking about why I even started my business in the first place.
The reason for that was to create an impact.
Now, what do I mean when I say impact?
I mean donating my time or money, changing lives for myself and my family, changing customers' lives through what I do, and giving a transformation.
Just by doing your job, you can change lives because your service or product is valuable. When you have a profitable business, you're able to create SO much change. You're no longer constricted and confined and you can expand and show up as the most authentic and powerful version of yourself.
With that, you're also about to transform the lives of the people you employ!
With a profitable business, you're able to give more opportunities and spread the wealth by hiring people and building your team.
To be honest, I have not met a single person in this space who created a business JUST to make money. Of course, they want to be compensated but they ultimately want to live out their passion and purpose and make a difference in the online space.
When I started wrapping up last month and reflecting on what clients did and what I did in my business, I knew there were certain things I wanted to do.
One of those realizations was to give back to organizations that truly matter to me.
The best part is, with a profitable business, you're able to donate and make a difference. So I started to think to myself, how can I do this? How can I make sure I have a system in place for being consciously charitable?
And then it finally came to me….
Most of the bookkeepers I coach have clients who use Stripe in their business. If you don’t know what Stripe is, it's a well-known payment processor in the online space. You get your sale and then you pay around a 2.9% processing fee, which is the credit card fee. For example, if you do $1,000 in sales, they're going to take 2.9% out of that.
What I came up with was matching the processing fee and taking another 2.9% of my sales and putting it into a separate saving account for the purpose of donating. But, what if I calculated that percentage and it's not really something I could do right now?
Then I thought...what if Stripe would allow you to connect two bank accounts? That way you can choose whatever percentage you want and put that money into a separate account to later donate.
You’ll be shocked how much 1% can actually be. Just imagine at the end of the year when you go into this account and see all the money you saved to make a difference in someone else's life.
I think with enough people showing interest and me explaining the mission behind it, Stripe would be happy to add this feature and make it easy for users to donate to charity.
This is EXACTLY why I’m asking you to pledge.
I think this is a great idea that would serve so many purposes and do a huge benefit for the community. Once Stripe sees this and understands the message behind it, I’m sure they would be thrilled to be a part of it. You can go to www.katieferro.com/pledge to learn more and get involved!
My goal is to get 200 people to sign this pledge so I can present it to Stripe and see if they would be open to creating this feature for their business.
I hope this episode has helped you see the impact your business can have on the world and how much we can make a difference. I would love nothing more than to fast forward to a year down the road and see what everybody saved and donated from this new (possible) feature. I'm confident that Stripe will create this so that we can all have a system set in place for being intentionally impactful.
To sign the petition and help bring this feature to the world, head over to www.katieferro.com/pledge for more information.
Don’t forget to tune into episode 21 of the Profits + Prosecco Podcast. Thank you so much for listening!
If you enjoyed the episode, please take a second to rate and review. Each review helps us reach and inspire more entrepreneurs and bookkeepers just like you.
Don’t forget to take a screenshot, share it in your Instagram stories, and tag me at @orderlyaccountingbykatie. Cheers to your inevitable success and I’ll see you in the next episode!
I'm a licensed CPA with 10 years of tax and accounting experience, fellow entrepreneur, & mama of three little ones.
I'm highly passionate about helping business owners increase their profits so they can live out their purpose long-term and make serious changes in their lives.
I do this by taking your bookkeeping off your plate, helping you plan for taxes, increase your profits, understand what's working in your business, and allowing you to get back to your true zone of genius.
BUT THAT LEADS TO...
💰Getting hit with hefty penalties and interest
⌛️Wasting your valuable time
🤯Stressing out over handling the mishap
🥴Lacking insight on how your business is doing and thus making poor business decisions.