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In this episode of the Freedom Formula podcast, Neel Parekh sits down with Ben McAdam, a business coach who helps entrepreneurs increase their profits by analyzing their numbers. Ben shares his journey from being a classical pianist to becoming a business owner and explains how he discovered the power of numbers in growing a business. They discuss the mindset shifts required for entrepreneurship, the importance of prioritizing spending, and the role of mindset in achieving lifestyle design. Ben also shares his personal lifestyle design choices and offers insights into common objections and challenges faced by entrepreneurs. Takeaways Analyzing numbers is crucial for growing a business and increasing profits. Entrepreneurs often struggle with mindset issues that prevent them from achieving their goals. Prioritizing spending and creating space for reflection and rest are essential for lifestyle design. Many entrepreneurs use busyness as an excuse to avoid addressing mindset issues. Coaching and accountability can help entrepreneurs overcome mindset barriers and achieve their goals.
In this episode of the Freedom Formula podcast, Neel Parekh sits down with Ben McAdam, a business coach who helps entrepreneurs increase their profits by analyzing their numbers. Ben shares his journey from being a classical pianist to becoming a business owner and explains how he discovered the power of numbers in growing a business. They discuss the mindset shifts required for entrepreneurship, the importance of prioritizing spending, and the role of mindset in achieving lifestyle design. Ben also shares his personal lifestyle design choices and offers insights into common objections and challenges faced by entrepreneurs. Takeaways Analyzing numbers is crucial for growing a business and increasing profits. Entrepreneurs often struggle with mindset issues that prevent them from achieving their goals. Prioritizing spending and creating space for reflection and rest are essential for lifestyle design. Many entrepreneurs use busyness as an excuse to avoid addressing mindset issues. Coaching and accountability can help entrepreneurs overcome mindset barriers and achieve their goals.
“I'm afraid to promote my product because I'm afraid someone will say it's not good enough and I'll get exposed.” Not knowing through what tints we see the world through can hurt us. Just like not being aware that you're overly pessimistic or overly optimistic can be dangerous, so can not being aware that you have Imposter syndrome.It can cause you to over exaggerate certain valid logical concerns and end up overcomplicating things.In today's installment of the coaching series we're joined by Ben McAdam who talks about why he's struggled to promote his current offer and has avoided the lowest hanging fruits.The things that are the simplest, but most effective to do.We cove:How to be aware of your biases in various situationsValid Concern vs. Emotional WorryAccepting and expecting emotional road bumps
In this episode, we talked about the six core areas of your agency's numbers, and how they can be used to drive growth and increase profits. Even if you're not a numbers person, using data rather than your gut can help you make better decisions as an agency owner and get to your goals [...] The post Maximizing Profits and Growth Using Your Numbers appeared first on Seven Figure Agency.
Ben identifies four problematic factors that may actually be motivating you to create that shiny new dashboard helping you avoid sophisticated procrastination and redirect your efforts toward fixing the underlying issues.
Episode 10: Defining Goals, Creating a plan, and increasing business revenue Ft. Ben Mcadam This episode is jam-packed with a ton of impactful information that you can leverage to grow your business! The Key topics today are: - Defining your goals in a clear and concise way - Creating a clear pathway towards achieving your goals - Increasing your business revenue towards your end goal Don't forget to like and subscribe!
This one is inspired by all the business owners who worry that they don't know what they don't know about numbers. I've distilled all this stuff down to a core of 6 topics based on my work with hundreds of business owners. In this episode, I'm going to give you a quick summary of each of these core areas so that you know what it is, why it helps, and what to do about it.
Pricing your worth and your work. Most people don't want to consider that how you feel about yourself could be tied to how much you are charging. If you want to find the courage to charge more or stop undercutting yourself because you don't think you are worthy, this episode can offer some tools and resources you need. CFO Ben McAdam helps you to wrap your mind around your worth and work today in our pricing series for the Mental Money Podcast. To get in contact with Ben, check out the following links: Website Twitter Facebook Linkedin Book Recommendations From the Show If you have any questions about something you heard or you want to work with me, directly e-mail me your questions or inquiries at mentalmoney.me@gmail.com. For Media Inquiries or Ad placement, please contact Nathalie at 1-888-773-5777 or mentalmoney.me@gmail.com. Disclaimer: All information contained within this audio is a reflection of the author's opinion in proximity to when the audio was produced. Business is an ever-changing organism, due to this notion, there can be changes to this podcast at any time based on new information. Also, the host's opinion may change as well. The host has done their due diligence to ensure that the information presented is presented with the most relevant information, but takes no responsibility for any changes that may be made. Again, these are opinions. You are more than welcome to cross-reference any information presented in this audio. Any missing information is not the responsibility of the host. Any results direct, indirect or consequential, or otherwise are not the responsibility of the host. The information is not to be taken as legal advice. If you are in need of legal advice please contact a qualified attorney.
Get the complete, nothing held back, Emotional Fortitude micro course to overcome imposter syndrome: https://Itamarmarani.com/courseIn this episode Ben McAdam joins us to talk about his transformation and how several small steps helped him go from working crazy hours for $5-10k months to making $20-40k a month while working three days a week and traveling full time with his wife and children. Ben shares his unique journey and perspective on what helped him finally overcome the imposter syndrome that years of therapy, books, podcasts and masterminds couldn't help him shake off.(15:01) - Why Ben almost gave up on overcoming his self limitations(20:33) - Ben's Giant Leap/Jump & what you get when you separate emotions from facts(23:48) - The fundamental thing about imposter syndrome (24:49) - One of the Most Aggressive, Cringeworthy & Impactful Intervention Tools of "The Arena"Connect with Itamar:Get the complete, nothing held back, Emotional Fortitude micro course to overcome imposter syndrome: https://Itamarmarani.com/courseSign up for "3 Quick Ideas Tuesday" (weekly 2 minute newsletter around mindset and emotional fortitude): Join Newsletter - Itamar MaraniApply for the 6 week "The Arena Accelerator": http://itamarmarani.com/acceleratorFollow Itamar on TWITTER: itamarmaraniFollow Itamar on INSTAGRAM: https://www.instagram.com/itamarmarani/Connect with Itamar on LINKEDIN: https://www.linkedin.com/in/itamarmarani/Connect with Itamar on FACEBOOK: Itamar Maraniwww.itamarmarani.comFollow Ben on Facebook: @profitscollective. www.ProfitsCollective.cođm
Get the complete, nothing held back, Emotional Fortitude micro course to overcome imposter syndrome: https://Itamarmarani.com/courseIn this episode Ben McAdam joins us to talk about his transformation and how several small steps helped him go from working crazy hours for $5-10k months to making $20-40k a month while working three days a week and traveling full time with his wife and children. Ben shares his unique journey and perspective on what helped him finally overcome the imposter syndrome that years of therapy, books, podcasts and masterminds couldn't help him shake off.(15:01) - Why Ben almost gave up on overcoming his self limitations(20:33) - Ben's Giant Leap/Jump & what you get when you separate emotions from facts(23:48) - The fundamental thing about imposter syndrome (24:49) - One of the Most Aggressive, Cringeworthy & Impactful Intervention Tools of "The Arena"Connect with Itamar:Get the complete, nothing held back, Emotional Fortitude micro course to overcome imposter syndrome: https://Itamarmarani.com/courseSign up for "3 Quick Ideas Tuesday" (weekly 2 minute newsletter around mindset and emotional fortitude): Join Newsletter - Itamar MaraniApply for the 6 week "The Arena Accelerator": http://itamarmarani.com/acceleratorFollow Itamar on TWITTER: itamarmaraniFollow Itamar on INSTAGRAM: https://www.instagram.com/itamarmarani/Connect with Itamar on LINKEDIN: https://www.linkedin.com/in/itamarmarani/Connect with Itamar on FACEBOOK: Itamar Maraniwww.itamarmarani.comFollow Ben on Facebook: @profitscollective. www.ProfitsCollective.cođm
Get the complete, nothing held back, Emotional Fortitude micro course to overcome imposter syndrome: https://Itamarmarani.com/courseIn this episode Ben McAdam joins us to talk about his transformation and how several small steps helped him go from working crazy hours for $5-10k months to making $20-40k a month while working three days a week and traveling full time with his wife and children. Ben shares his unique journey and perspective on what helped him finally overcome the imposter syndrome that years of therapy, books, podcasts and masterminds couldn't help him shake off.(15:01) - Why Ben almost gave up on overcoming his self limitations(20:33) - Ben's Giant Leap/Jump & what you get when you separate emotions from facts(23:48) - The fundamental thing about imposter syndrome (24:49) - One of the Most Aggressive, Cringeworthy & Impactful Intervention Tools of "The Arena"Connect with Itamar:Get the complete, nothing held back, Emotional Fortitude micro course to overcome imposter syndrome: https://Itamarmarani.com/courseSign up for "3 Quick Ideas Tuesday" (weekly 2 minute newsletter around mindset and emotional fortitude): Join Newsletter - Itamar MaraniApply for the 6 week "The Arena Accelerator": http://itamarmarani.com/acceleratorFollow Itamar on TWITTER: itamarmaraniFollow Itamar on INSTAGRAM: https://www.instagram.com/itamarmarani/Connect with Itamar on LINKEDIN: https://www.linkedin.com/in/itamarmarani/Connect with Itamar on FACEBOOK: Itamar Maraniwww.itamarmarani.comFollow Ben on Facebook: @profitscollective. www.ProfitsCollective.cođm
Ben McAdam is a founder of Profits Collective, a Profit Coach and Virtual CEO. In this podcast, we talk about the five key metrics on which every eCommerce business should focus. Revenue Revenue is your income from sales. If you do not have revenue, you do not have a business! A healthy company should have a growing revenue. Break up your revenue into categories or products to understand what drives it. You do not want to run out of the products which are vital revenue drivers Margins Margin is the difference between what the customer pays and the cost to the merchant. If you do not get the ratio between what an item costs and what you can sell it for right, you will not be profitable, no matter how high your revenue. You cannot outsell a margin problem. With low margins, you will not have enough profit to grow the business or pay yourself. A sale price of 3 to 5 times your cost price is healthy. If your multiple is only two times the cost, business owners tend to burn out when your turnover hits six figures. Marketing Are you spending enough on marketing? If you spend to little, you will not sell enough, too much and you could have got a better return. Spending 5 to 15% of your revenue is a healthy amount. Owner Pay Owners should make sure they pay themselves so you can live. It is a balance as you do not want to starve the business of funds. You have to be able to pay yourself a market rate for the tasks you will want to delegate later. You will be stuck doing these tasks if your business cannot afford to pay the market rate. Making sure you can afford to pay someone else to do your job is a good indicator that your margins are OK. Profit Unless your business is profitable, you will not be able to do important things like pay down debt, pay yourself and attract investors. Ben talked to Trevor Ginn from vendlab.com, an eCommerce agency specialising in online marketplaces and e-commerce sales platforms. --- Send in a voice message: https://podcasters.spotify.com/pod/show/ecommerce-odyssey-podcast/message
In today's episode, we're going to be interviewing Ben McAdam from the Profits Collective. We're going to be talking about how to scale an agency, how to increase profits, some of the biggest mistakes you can make, and how to sell an agency too.
Smarter Business Podcast - Business Advice with a Video Bent
Be sure to subscribe to receive future episodes - https://vidwheel.com/smarter-business-podcastBen McAdam, Profits Coach and Virtual CFO of Profits Collective, is the guest in this episode of the Smarter Business Podcast. Ben discusses how to generate ideas and get results using content marketing. Learn more about Profits Collective here: https://profitscollective.comHere is our new vidwheel Creator Network product - https://vidwheel.com/creator-networkIf you like what you hear, please subscribe wherever you are taking in this podcast, and please leave a comment - we are always looking for feedback and it can help people find the show.Our goal with this podcast is to deliver high-quality, actionable tips and advice from business leaders. Advice that will help you succeed. Oh yeah and that video bent - we are going beyond the typical business tips, we are going to explore the use of video with these business leaders too, from marketing to sales, to internal communications - how they use it and how it impacts their businesses. Thanks for tuning in. ______________SUBSCRIBE - https://www.youtube.com/user/nickelcitygraphics?sub_confirmation=1------------------------------------------------LinkedIn - https://www.linkedin.com/company/vidwheelInstagram - https://www.instagram.com/vidwheel____________________________
On this episode, profits coach and virtual CFO Ben McAdam shares learnings from his experience running a productized service and consulting with business owners. He also explains where the term ‘profit coach' comes from and why he believes the Profit First approach to managing business finance is not the right one to adopt for every organization. Mentioned on the episode: https://profitscollective.com/ (Free personalized advice on how to grow your profits) Connect with Ben on https://www.linkedin.com/in/ben-mcadam-6290a949/ (Facebook) and https://www.linkedin.com/in/ben-mcadam-6290a949/ (Linkedin)
Why do you feel like you're working harder and harder for just small improvements?We forget that - what got you here, won't get you there. Profit margin becomes important. Finance becomes important. Team becomes important.These are the things that are usually holding you back.Ben McAdam helps businesses generate more profit by thinking and acting strategically.Listen now to find out how you can generate more profit, and get back into growth mode.Links to everything discussed can be found at:www.nextlevelecommerce.co/98Stop Falling Behind In Your Bookkeeping & Have Isaac's Team Do It For Youwww.nextlevelecommerce.co/books
The Meaning Movement: Helping You Find Your Calling, Create Your Life's Work, and Make Career Change
When you decide to make a career change, how do you choose your new path? While you can't know exactly where the road will lead, but you can know at least the general direction that the path will take you. This is exactly what Ben McAdam decided to do. With a background in music, he wanted to learn business. He followed that thread and it lead to some surprising places — and ultimately to what he's doing today. As a virtual CFO and profits coach, he helps businesses and business owners improve their financials and ultimately, make more money. In this episode you'll learn: What Ben does How to see opportunities everywhere How to pursue both responsibility and passion How Ben finds passion in accounting and in his music His career path transition The role of a Financial Controller Ben's process for going through different transitions Ways you can monetize your passion Ben's advice for Start-ups Show notes at: https://themeaningmovement.com/ben
Where is profit hiding in your business? Ben McAdam shares his framework for five places to uncover hidden profit opportunities for small to medium-sized business owners. Attorneys learn how to be great attorneys but nothing about actually running a business. Ben's approach is a meld of strategic finance and accounting with business coaching. He encourages us to start by looking within our financial reports for more revenue opportunities. Treat your Profit and Loss report as a dashboard for your business. Know your numbers and anchor to your numbers because the numbers don’t lie. Schedule regular accountability meetings with your accountant, so you know the numbers and where to make adjustments. Look for opportunities to decrease expenses while increasing investment in products, services, or employees showing a good return. Ben’s 5 point framework consists of reviewing costs, raising prices, increasing order size, recurring revenue, and productivity. What You Will Learn in this Episode What to pay attention to in your income statement How to use financial reports as an accountability system Where to look for opportunities to create recurring revenue Why it’s ok to scare off some customers when raising your prices When it makes sense to bundle your services Links and Resources Hiring & Empowering Solutions on Facebook www.hiringandempowering.com https://www.linkedin.com/in/molly-hall Connect with Ben McAdam https://profitscollective.com/ https://profitscollective.com/still-more-profitable-after-customers-flee-your-price-rise/
Ben is a Profits Coach and Virtual CFO, who helps business owners understand their numbers and grow their businesses, and he's also has sold two businesses of his own. Website: https://ProfitsCollective.com LinkedIn: https://www.linkedin.com/in/ben-mcadam-6290a949/ Facebook: https://www.facebook.com/profitscollective/ Facebook: https://www.facebook.com/ben.mcadam.7/ CallumConnects Micro-Podcast is your daily dose of wholesome entrepreneurial inspiration. Hear from many different entrepreneurs in just 5 minutes what hurdles they have faced, how they overcame them, and what their key learning is. Be inspired, subscribe, leave a comment, go and change the world! Every entrepreneur featured has been recommended by one of our previous guests. www.CallumLaing.com
Actualize Freedom | Amazon FBA with Danny Carlson | Private Label Ecommerce Selling on Amazon
Revenue and profits are totally different beasts, and many Amazon sellers are losing money without even knowing it.Ecommerce accounting is more complex than most businesses, so without the proper systems & training, sellers are likely operating at a loss.Running an Amazon FBA brand without knowing your cash flow projections is a bomb waiting to explode. Cash is king and no one I know knows cash flow better than Ben McAdam.With years of experience dealing with the financial issues unique to Amazon sellers, Ben shares with the Actualize Freedom Podcast listeners his top tips for staying profitable, and how to set up cash flow management systems in your eCommerce business.Links/resources:ProfitsCollective.com
Legendary Jedi Master Yoda stops in today to give his thoughts on the rise and fall of the Galatic Republic towards the rise of the Galactic Empire. In this episode of WPMRR, Ben discusses managing during the pandemic, information on the Build Scale Sell Summit, and the benefits of virtual summits.To rise through the chaos, listen in, you will. Episode Resources: Check out the Build Scale Sell Summit Website Send us your questions to yo@wpmrr.com
Rep. Ben McAdams is the second member of congress to test positive for the coronavirus. He’s now at home in quarantine. Rep. McAdams describes to Lee what it's like living with COVID-19.
In this week's episode, we are talking about money and specifically profit with Ben McAdam, a founder of Profit Collectives and a profits coach. Stay tuned and find out what profitable really means (and why it's not just about making a bigger revenue), what salary and ROI points has to be reached in order to have a successful business, how to set a right price, when it is fine to undercharge, and many more! Besides, Ben shares his roadmap that will help you to achieve your goals with greater ease and make 2020 more profitable!Also, check out Amanda's brand new Productivity Blocks Quiz and enhance your focus and efficiency starting today! This episode originally aired on The Wellpreneur Podcast.Get the full show notes with links: https://wellpreneur.com/creating-more-profit-in-your-business-with-ben-mcadam-s07e07/Copyright 2012-2020 Wellpreneur Ltd. All Rights Reserved.Advertising Inquiries: https://redcircle.com/brands
In this week’s episode, we are talking about money and specifically profit with Ben McAdam, a founder of Profit Collectives and a profits coach. Stay tuned and find out what profitable really means (and why it’s not just about making a bigger revenue), what salary and ROI points has to be reached in order to have a successful business, how to set a right price, when it is fine to undercharge, and many more! Besides, Ben shares his roadmap that will help you to achieve your goals with greater ease and make 2020 more profitable! Also, check out Amanda’s brand new Productivity Blocks Quiz and enhance your focus and efficiency starting today! Episode links available on the website:https://wellpreneur.com/category/podcast/Copyright 2020 Wellpreneur Ltd. All Rights Reserved
Lee talks to Andrew Hull, producer of the Dave and Dujanovic Show, about speaking to Vice President Mike Pence's chief of staff on the subject of Utah Rep. Ben McAdam's plans on voting in favor of President Donald Trump's impeachment.
Finances, Fun & Freedom - how does this fit together you may ask? Monique & Ben will explore how these 3 counterintuitive things can all fit into your life and business when you bring efficiency into the game.Learn the best tips & strategies today from Ben McAdam who is a profit coach, virtual CFO and entrepreneur helping business owners earn more profit. Most of his clients went from red to over $100k profit for the year, from one phone call with him. HOT TOPICS OF THE EPISODE [1:14] – Monique introduces her guest Mr. Ben McAdam from Sydney Australia. [1:54] - What are you actually doing for entrepreneurs out there?· I'm a profit Coach, advisor, coaching kind of a role.· I help business owners who run six or seven-figure businesses and they looking to grow and earn more. [2:44] – Can you give us a little professional background?· I studied at the Sydney Conservatory of Music for a year and a half doing a music education degree after I finished high school.· The book “Rich dad poor dad” actually helped me with my own business. [9:58] - What does efficiency mean to you?· Being efficient with the things you put on your to-do list, removing the things that aren't necessary.· Only do the things that really need to be done. [20:24] - What are the steps that take you away from “I don't want to be out there”?· I just go chat with people, they noticed how hopeful I am and that’s kind of like my “baby steps”.· Helping more and more people, and then I'd get referrals, and that requires me to put myself out there.· I said to myself, all right, Ben, it's time to stop avoiding marketing.· It was 10 or 15 times I was putting myself there over a whole year. [26:02] – Ben talks about being a brave business owner and continue to push himself out of the comfort zone.[27:00] – Monique discusses how to raise awareness for yourself and to be in tune with your emotions.[29:26] – Ben describes the type of people he talks to.[32:44] – Monique and Ben explain what is the Kaizen principle was all about.[34:18] – Monique explains how progress works. (sometimes people looking for big wins rather than a slow movement.)[39:01] - What are those steps that worked for you and you would repeat over and over again.· focus on what you're uncomfortable to do.· get better at pushing through that uncomfortable feeling because that's where your success element eliminates things that you don't actually need to do.AWESOME RESOURCES WE TALKED ABOUT IN THIS EPISODE[03:20] - Rich dad poor dad by Robert Kiyosaki[10:07] - The 4-hour workweek by Tim FerrisIMPACTFUL QUOTES OF THIS EPISODE[42:52] - “Do the uncomfortable things that need to be done”. - (Ben McAdam)[42:55] - “Be happy if it takes you a while to get past those things”. - (Ben Mcadam)[42:59] - “Get rid of the stuff You really shouldn't be doing it's a waste of your time like get rid of the busyness focus on being productive.” - (Ben McAdam)FIND MORE ABOUT BEN MCADAM HEREWebsite: www.profitcollective.comFacebook: https://www.facebook.com/profitscollective/LinkedIn: https://www.linkedin.com/in/ben-mcadam-6290a949/ See acast.com/privacy for privacy and opt-out information.
When’s the last time you took a close look at the numbers in your business? If it’s been a while, no judgment here – like many business owners, looking at the nuts and bolts of my accounting isn’t my favorite part of being an entrepreneur. Luckily, there are a few key metrics that you can look at to give you a snapshot into how you’re doing and what you might need to tweak. Our guest today, Ben McAdam, is a profits coach and virtual CFO. He helps business owners who aren’t profitable enough figure out where they need to focus their efforts to boost their profitability. Most importantly, Ben helps translate your numbers into a clear direction and strategy for growth without the accounting jargon. In this episode, Ben is sharing the five key numbers to look at in your business and what each one means for your overall profitability. He breaks things down in way that’s easy to understand and tells us what the point of profit really is. We also chat about when you should or shouldn’t raise your prices and why the conventional wisdom that raising your prices is always good is not true in every case.
Today's Guest In this episode you will learn about how to use numbers to grow your business. Ben McAdam is a profits coach and a virtual CFO. This is the 139th session of Smart Brand Marketing. MY BIGGEST TAKEAWAY: 33 fulfillment 5-15 marketing 20 profit Pay & Overhead Rest TOPICS DISCUSSED Why numbers are important […] The post SBM 139: Eliminating, Automating, Delegating & Scaling with Ben McAdam appeared first on The Smart Brand Marketing Podcast: Online Business | Content Marketing | SEO | Sales | Lifestyle Design.
Ben McAdam is a profit coach. In this interview he shares how you can find more profit in your business without selling more or getting more clients. While this is usually the default way people try to fix their profit problems, there are much easier ways. Resources mentioned in the episode Quick Profit Hunt exercise […]
Ben McAdam is a profit coach. In this interview he shares how you can find more profit in your business without selling more or getting more clients. While this is usually the default way people try to fix their profit problems, there are much easier ways. Resources mentioned in the episode Quick Profit Hunt exercise ... Read more
“PATIENCE YOU MUST HAVE my young padawan.” Ben is the Yoda of business finances, hands down. We cover so many awesome topics to help you and your business run lean and mean! Covering concepts like the 80/20 rule of profitability, how as a business grows it begins to gain some fat around the edges, and how it’s a good idea to tidy up your finances with a monthly expense review. Just listening to this episode will get you thinking about what expenditures you can cut to save some cash.
One of the elements of my businesses that was important, but challenging to navigate was setting up my prices. I needed to know how much to charge that was still a fair value, but not sell myself short. One of the challenges I encountered early came from my potential client complaining that my prices were too high. My mentor told me “Professionals sort, amateurs convince.” I had to stop convincing. In a search to restructure, I went to the professionals. Jacob Aldrige made an amazing point during our interview that I should be sorting out those individuals and uncovers exactly how to do so. When speaking with Ben McAdam, he reveals psychology related to business owners that commonly causes them to sell themselves short. Since implementing the ideas in the interview, I have seen such amazing improvements. I have also had some excellent feedback regarding how others can apply what was covered in this interview. Guest # 1: Jacob Alrdige Twitter: https://twitter.com/jacobaldridge LinkedIn: https://www.linkedin.com/in/jacobaldridge/ Website: http://jacobaldridge.com/ Podcast Episode# 85 (WHEN TO RAISE PRICES, OR ‘THE PERFECT NUMBER OF BEERS’) http://businessdepot.com.au/insights/blackboard-fridays-ep-85 Guest #2: Ben McAdam Facebook: https://www.facebook.com/benmcadam.me/ Linkedin: https://www.linkedin.com/in/ben-mcadam-6290a949/ Website: https://benmcadam.me/ To chat with Ben, please use the following link to schedule your meeting with him Thank you so much for joining me. If you want to chat with me, please feel free to contact me at iamnatnoise@gmail.com or any of the social media handles listed down below: Instagram: www.instagram.com/iamnatnoise/ Facebook: www.facebook.com/iamnatnoise/ Website: www.iamnatnoise.com Twitter: twitter.com/iamnatnoise Linkedin: www.linkedin.com/in/nathalie-noisette-94a38a171/ For Media Inquiries or Ad placement, please contact Nathalie at 1-888-773-5777 or iamnatnoise@gmail.com Intro/Outro song: Artist: Gist the Essence Song: So Much More Album: The Butterfly Effect Disclaimer: All information contained within this audio is a reflection of the author's opinion in proximity to when the audio was produced. Business is an ever-changing organism, due to this notion, there can be changes to this podcast at any time based on new information. Also, the host's opinion may change as well. The author has done their due diligence to ensure that the information presented is presented with the most relevant information, but takes no responsibility to any changes that may be made. Again, these are opinions. You are more than welcome to cross reference any information presented in this audio. Any missing information is not the responsibility of the host. Any results direct, indirect or consequential, or otherwise are not the responsibility of the host. The information is not to be taken as legal advice. If you are in need of legal advice please contact a qualified attorney.
It's no secret that Dan and Ian love hearing from the listeners of this show. This week, we received a question from Ben McAdam. Some of you might remember Ben from his earlier appearances on this podcast. Ben reached out to us to ask about our recent decision to hire a new apprentice. For those of you who are not aware, we brought someone new onto our team recently and we'd like to talk about it here today. On this week's episode, you'll hear all about why we decided to find a new apprentice, and what that process was like. We'll also be sharing a comprehensive list of "Dos and Don'ts" when it comes to hiring your own apprentice, as well as some quick tips on how you can find the apprenticeship of your dreams.
The Tropical MBA Podcast - Entrepreneurship, Travel, and Lifestyle
http://www.tropicalmba.com/hiringapprentices/ It's no secret that Dan and Ian love hearing from the listeners of this show. This week, we received a question from Ben McAdam. Some of you might remember Ben from his earlier appearances on this podcast. Ben reached out to us to ask about our recent decision to hire a new apprentice. For those of you who are not aware, we brought someone new onto our team recently and we'd like to talk about it here today. On this week's episode, you'll hear all about why we decided to find a new apprentice, and what that process was like. We'll also be sharing a comprehensive list of "Dos and Don'ts" when it comes to hiring your own apprentice, as well as some quick tips on how you can find the apprenticeship of your dreams.
My guest Ben McAdam is an expert in all the different numbers and metrics involved in running a business, and in this episode we talk about how to ensure that your business has a solid financial foundation and healthy profit margins. Ben also shares some insight into pricing strategy, as well as how to reinvest confidently in your business, even if you're bootstrapped. Links and comments: http://www.entrepreneursinmotion.com/numbers/
What does Ben do Ben McAdam is a Virtual Chief Financial Officer (VCFO) who helps entrepreneurs improve their profitability by better understanding their numbers Ben’s Ideal client Ben’s ideal client is an entrepreneur doing high 6 to 7 figures a year. Most common challenges Owner of a business not achieving margins which allow for them to pay themselves Not knowing the difference between profit and cash Not analysing the reports to improve the profit of the business Solutions Break revenue into new and existing clients. Look to increase revenue by increasing prices, giving more offers and reducing costs To increase cash improve your accounts receivables. Look to be paid earlier through offering discounts 1-3%. Look to have 100% or 50% paid upfront. Move to recurring revenue models and away from invoicing Compare prior periods and create ratios to benchmark important ratios. Common myths Profit and cash flow are the same thing I have my bookkeeper and tax accountant and no one else can help There's too much math involved and it is confusing Where to find out more: https://benmcadam.me/blg/
“There's a bit more creativity, a bit more passion, and positive things that I can add to people's lives. And when you're doing a bit more than just the data entry aspect of bookkeeping and even then, there is a lot of benefits that people can actually get from using their intuition and I use […] The post 083 Intuitive Biz Numbers (Surprising Gut Methods) with Ben McAdam appeared first on Intuitive Leadership Mastery.
The Tropical MBA Podcast - Entrepreneurship, Travel, and Lifestyle
http://www.tropicalmba.com/productized5/ http://www.tropicalmba.com/productized5/ Podcast 43:29 | Download | Stitcher | iTunes | Comment Just over a year ago, Dan and Ian profiled a productized bookkeeping business called the Bean Ninjas. A lot has happened since that episode aired. In particular, the founders of that company, Ben McAdam and Meryl Johnson, have decided to part ways. This episode is...
The Tropical MBA Podcast - Entrepreneurship, Travel, and Lifestyle
http://www.tropicalmba.com/productized4/ Longtime listeners know that one of our favorite things to do on the show is to ask our guests to donate business ideas to our audience. For the fourth part of our Productized series, Dan and Ian put out a call for anyone that has used one of those ideas to come on the show. On this week's episode, you'll be hearing from Ben McAdam and Meryl Johnston, otherwise known as the Bean Ninjas. They will be sharing how they took an idea that was donated on this very podcast and turned it into their own Productized Service business.