No one's coming to save you. That's a bad thing. But no one's coming to stop you either, and that's a great thing.

Wednesday's show is built around the most overlooked profit lever in your business: your P&L. Barbara Fausett from Money Masters Bookkeeping sits down with Pat to break down the five sections of a profit and loss statement, why most owners only read two of them, and what kind of decisions become obvious once you read all five. Plus: five ways to give yourself a raise this week, an AI story that should change how you think about hiring in your business, and an Idea Slam answer that fixes the "I can't describe what I do in one sentence" problem.

In this episode:

00:00 — Show open, sponsors, check-ins

02:30 — Positivity: SBOC 26 tickets are LIVE

04:00 — Gratitude: 5 ways to give yourself a raise

09:00 — Distraction of the day: performative "bettering"

11:00 — Barbara Fausett on the 5 parts of your P&L

23:00 — News: CPI hits 3.8% (hottest since May 2023)

24:30 — Stuff you should know: your brain works under anesthesia

27:00 — AI story: 76% of companies now have a Chief AI Officer

31:00 — Sponsor spotlight: Crown Room Live with Elzie Flenard

32:30 — Idea Slam: nobody cares about your how

36:00 — SBOC 26 Conference tickets on sale

Resources mentioned:

- Money Masters Bookkeeping — https://moneymasters4biz.com

- Crown Room Live with Elzie Flenard — https://crownroomlive.com

- SBOC 26 Conference (September 15-17, Brookfield, WI, with keynote Mike Michalowicz) — https://smallbusinesscommunity.com

- Live check-in for the show — https://live.smallbusinesscommunity.com

🎙️ Watch on YouTube: https://www.youtube.com/@PatMillerFridaysOff?sub_confirmation=1

🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast/businessing-with-pat-miller/id1870663109

🌐 Listen anywhere: https://businessing.captivate.fm/listen

📬 Fridays Off Newsletter: https://fridaysoffnewsletter.com

👥 Small Business Owners Community: https://smallbusinesscommunity.com

#SmallBusiness #Entrepreneurship #PatMiller #ProfitAndLoss #Bookkeeping #SmallBusinessFinance

No money does not mean no value. If you've ever been asked to speak for free and wondered if it's worth your time, Pat lays out five concrete ways to make a "free" gig actually work for you...the kind of value that builds your speaking business faster than a one-time check ever could.

This is your daily prep for being a small business owner who actually wins. Pat also unpacks why 38,000 layoffs in the first ten days of May might actually grow the economy (controversial, but stick with him), runs through the news that matters for owners (Iran rejecting the peace deal, Trump headed to Xi, Putin offering to meet Zelensky), and celebrates the SBOC community members who snapped up their conference tickets this morning. Public tickets drop Wednesday.

In this episode:

00:00 — Welcome and check in on the live map

02:00 — Positivity and Gratitude

06:00 — Distraction of the day (Madison, Milwaukee, and Claude training in Chicago)

10:30 — Your number one task

12:30 — News: Iran rejects the peace deal

14:00 — News: Trump heads to China for the Xi summit

15:30 — News: Putin offers to meet Zelensky

17:00 — Money Masters Bookkeeping

19:30 — AI Story: 38,000 jobs cut and how AI grows the economy

27:30 — Crown Room Live

30:00 — Idea Slam: 5 ways to make speaking for free work for you

40:00 — SBOC Conference ticket shoutout

42:00 — The new SBOC Conference commercial debut

Resources mentioned:

- Money Masters Bookkeeping: https://moneymasters4biz.com

- Crown Room Live with Elzie Flenard: https://crownroomlive.com

- The Daily Crown (free 7-day trial): https://joindailycrown.com

- SBOC Conference (September 15-17, Brookfield, WI): https://smallbusinesscommunity.com

🎙️ Watch on YouTube: https://www.youtube.com/@PatMillerFridaysOff?sub_confirmation=1

🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast/businessing-with-pat-miller/id1870663109

🌐 Listen anywhere: https://businessing.captivate.fm/listen

📬 Fridays Off Newsletter: https://fridaysoffnewsletter.com

👥 Small Business Owners Community: https://smallbusinesscommunity.com

#SmallBusiness #Entrepreneurship #PatMiller #PublicSpeaking #AI #SBOC

Other people's opinions are not instructions. Especially the ones from people who don't pay you green American dollars.

Today on Businessing, Pat unpacks the AI story trifecta: ChatGPT's leaner GPT-5.5 Instant base model, Anthropic's SpaceX compute deal that doubles Claude's usage windows and removes peak-hour throttling, and a researcher's fake eye disease that fooled ChatGPT, Gemini, and Copilot into telling people to see a doctor. He runs an Idea Slam on the Monday-pumped, Wednesday-overwhelmed cycle, breaks down a 189,000 weekly jobless claims number (lowest since 1969) and what it means if you're hiring part-time help, and unveils the final SBOC '26 reveal: the VIP program with a one-hour Ask Me Anything with Mike Michalowicz and a three-hour Friday session with Matt Mundt of Hug Sleep, who turned a $25,000 investment into $30M+ in lifetime revenue.

Tickets go on sale Monday May 11 for community members, Tuesday May 12 for waitlist, and Wednesday May 13 for the public. There are 115 seats and 275+ owners standing by. Get on the waitlist now.

In this episode: 00:00 — Welcome and check-in 02:30 — Positivity, Gratitude, and the Distraction of the Day 09:00 — Stuff You Need to Know: Iran, jobless claims, and a Mother's Day PSA 14:00 — AI Story of the Day: GPT-5.5 Instant, Claude's SpaceX deal, and a fake eye disease that fooled three AIs 22:00 — Money Masters Bookkeeping 24:00 — Idea Slam: How to stop the Monday-pumped, Wednesday-overwhelmed cycle 31:00 — G2 Insurance Services 33:00 — SBOC '26 final reveal: the VIP program with Mike Michalowicz and Matt Mundt of Hug Sleep 41:00 — Wrap-up

Resources mentioned:

• Mike Michalowicz (Profit First, Fix This Next) — SBOC '26 keynote
• Matt Mundt — Hug Sleep (Shark Tank, $30M+ in lifetime revenue)
• Money Masters Bookkeeping — moneymasters4biz.com
• G2 Insurance Services — g2insuranceservices.com
• SBOC '26 Conference Waitlist
• Live show map — live.smallbusinesscommunity.com

🎙️ Watch on YouTube: https://www.youtube.com/@PatMillerFridaysOff?sub_confirmation=1 🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast/businessing-with-pat-miller/id1870663109 🌐 Listen anywhere: https://businessing.captivate.fm/listen 📬 Fridays Off Newsletter: https://fridaysoffnewsletter.com 👥 Small Business Owners Community: https://smallbusinesscommunity.com

#SmallBusiness #Entrepreneurship #PatMiller #AIForSmallBusiness #SBOC26