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This week on Beyond The Claim, I'm sitting down with my personal finance coach, Megan Schwan — CEO of Sidekick Accounting Services and a certified Profit First professional. We break down the real reason why your business can look profitable on paper but still leave you broke.
How do you handle your money during seasons of abundance? In today's episode, I'm talking with my bookkeeper Kelly Marshall all about setting your business up for financial success. Kelly shares practical tips for the Profit First method, plus how to create a feeling of calm in your relationship with money. This episode is brought to you by Root To Rise, a mastermind and retreat for female photographers where personal development meets business growth. During the four-month experience, students have weekly calls focused on goals, boundaries, money, and marketing. The program also includes incredible guest teachers, a private Facebook community, and weekly Voxer hours with individualized guidance and mentorship. Sign up today to join the waitlist. Learn More >>Review the Show Notes:Get to know Kelly (2:38)How Profit-First can help entrepreneurs (7:45)Starting from an abundant bucket (18:00)Looking at and allocating your money (20:42)Making a decision for your financial success (26:11)Limiting blocks around abundance (38:46)Struggling to hold onto money (47:50)Feeling calm in your relationship with money (52:22)Rapid-fire questions (1:02:52)Mentioned in this episode:Relay Financial: relayfi.comProfit First: amazon.com/Profit-First-Transform-Cash-Eating-Money-MakingRich As F*ck: amazon.com/Rich-More-Money-than-KnowConnect with Kelly:Website: terracarefinancial.comInstagram: instagram.com/kelly.marshall.8Facebook: facebook.com/groups/2026160704129573Connect with Sabrina:Instagram: instagram.com/sabrinagebhardtphotographyWebsite: sabrinagebhardt.comRoot To Rise Waitlist: sabrinagebhardt.krtra.com/t/cBkKxLJVfICp Hosted on Acast. See acast.com/privacy for more information.
Transform your building business with the right mindset and strategies. The shift from working in your business to working on your business. If you're a builder who's felt like the day-to-day grind has you stuck, you're going to want to listen in. We're talking about the mindset shift, the strategies, and the systems that can completely transform the way you run your building business. No more constantly feeling behind or putting out fires. Instead, you'll hear about how to get on top of your projects, manage budgets, and handle the chaos that often comes with running a building company. This is going to be a deep dive into what it takes to start getting real results without the burnout. Today's guest, Anthony Tarquinio. Anthony is not just a builder; he's a director of Evve Group and someone who's built his business from the ground up in both residential and commercial construction. From managing tier 1 civil projects across the country to overseeing multi-million-dollar high-end residential builds, Anthony's experience is unmatched. Since starting his own construction company in 2019, he's taken it to eight-figure annual revenue, running multiple projects at once. He's a guy who understands both the technical and business sides of construction, and today, he's going to share how he's grown his company, the lessons learned, and what's made all the difference. Coming up in this episode: Why shifting your mindset is key to growing a successful building business. How implementing effective systems can save you time and boost profits. The importance of being open to learning and letting go of "knowing it all." How Profit First principles can give you better control over your finances. Why building a strong team is critical for scaling and managing projects. Understanding that client experience is your real product, not just the builds. The power of surrounding yourself with the right support and community. All this and more, on this week's episode of THE TOOLSHED. Join the toolshed - thetoolshedpodcast.com
Thanks to our Partners, NAPA TRACS, AutoFix Auto Shop Coaching, and Today's Class Join Dan Bryant and Heather DePriest as they discuss the transformative power of Mike Michalowicz's 'Profit First' methodology. Heather and Dan share their success stories and discuss the essential principles of cash management that have helped them grow their businesses sustainably. Tune in for insightful discussions on budgeting, cash allocation, and the critical role of business coaching. Heather DePriest, American Garage, Chinook, MT. Heather's previous episodes HERE Dan Bryant, American Pride Automotive, 5 StoreS, VA Show Notes Watch Full Video Episode Starting Profit First (00:03:01) The challenges of starting the Profit First system and the benefits it brought to their business. Impact of Profit First (00:04:11) How Profit First helps with budgeting, tax payments, and managing expenses, leading to significant improvements in their business. Issues with Managing Cash (00:06:15) The consequences of not managing cash properly and the stress it can cause for business owners. Need for Coaching and Education (00:08:38) Heather and Dan emphasize the importance of coaching and education in implementing Profit First and improving business management. Core Principles of Profit First (00:10:15) Dan Bryant explains the core principles of Profit First, including setting up main accounts, allocating percentages, and removing temptation. Rhythm and Account Setup (00:15:06) Heather discusses how they simplified their accounts and the importance of finding a supportive bank for setting up multiple accounts. Inconvenient Bank and Transfers (00:16:48) Dan explains the concept of the "inconvenient bank" and the purpose of transferring funds to it, emphasizing the removal of temptation. Success and Expansion (00:18:57) Dan and Heather share their success story and how Profit First helped them manage cash and expand their business. Struggles in Business (00:19:25) Dan and Heather discuss the struggles of business ownership, including talent acquisition and financial challenges. Business Expansion and Financial Management (00:21:12) Dan shares insights on business expansion, financial management, and the importance of sustainable profit. Team Building and Family Inclusion (00:24:51) Dan discusses team building activities, including the importance of including family members for better participation. Profit First and Budgeting (00:25:17) The conversation delves into how Profit First aligns with budgeting and financial planning for the future. Tax Allocations and Financial Security (00:26:13) The importance of setting aside funds for taxes and the peace of mind it brings to business owners. Thanks to our Partner, NAPA TRACS NAPA TRACS will move your shop into the SMS fast lane with onsite training and six days a week of support and local representation. Find NAPA TRACS on the Web at http://napatracs.com/ Thanks to our Partner, Auto-Fix Auto Shop Coaching Proven...
How to Build World Class Teams Takeaway: Do what you love Money Learnings: Chad did not learn anything about money from school. He learned it from his experiences as he grew up. Bio: Chad Westbrook is a B2B sales and service expert who has dedicated the last 15 years to building sustainable, scalable sales and service teams. Encouraging his companies to challenge the status quo and never accept what everyone is doing as “good enough”, Westbrook has contributed to millions of dollars in commercial sales and revenue year-over-year. His teams typically started with mid-level individuals, and within a short period, they were transformed into world-class teams producing results most companies only dream of. “It's about getting in the ruts and figuring out our customer's problem”. Chad has had some of the most influential mentors in the industry help shape what is a proven process today. His methods are based on real-world experience and results that have, and continue to, contribute millions of dollars of commercial sales year-over-year. Highlights from this episode: Discussion about parents spending a fortune on kids' sports Building world-class teams Creating a repeatable process How Profit First helps Chad salesalignment.io www.MakeLEADSwork.com www.MakeSERVICEwork.com Richer Soul Life Beyond Money. You got rich, now what? Let's talk about your journey to more a purposeful, intentional, amazing life. Where are you going to go and how are you going to get there? Let's figure that out together. At the core is the financial well being to be able to do what you want, when you want, how you want. It's about personal freedom! Thanks for listening! Show Sponsor: http://profitcomesfirst.com/ Schedule your free no obligation call: https://bookme.name/rockyl/lite/intro-appointment-15-minutes If you like the show please leave a review on iTunes: http://bit.do/richersoul https://www.facebook.com/richersoul http://richersoul.com/ rocky@richersoul.com Some music provided by Junan from Junan Podcast Any financial advice is for educational purposes only and you should consult with an expert for your specific needs.
Gemma Gilbert is a Business Coach who helps other coaches turn their high-ticket 1-1 service into simple, evergreen group programs they can grow month over month, without exhausting launches.Gemma saw her career taking her away from her family and her freedom and took action. After trying every one-to-many model out there, landing on coaching business done her way, bringing in 30-35K per month and on steady track for 40-50K per month, while taking every school holiday (13 weeks per year) away from her business, and sahring that true freedom with others who are ready to make the change.Today Gemma joins us to discuss her journey through the weeds of running multiple memberships and other cyclical models, and the simpler path coaches can take to transition to evergreen group programs as a business model. She counters myths around the value of group coaching and what niches can work in a group format, and lays out in detail how to know when you're ready to make the leap. Gemma also encourages those who might have worries about making “too much money”, and welcomes great coaches to talk with her about how to work less, make more, and increase their impact at the same time.“it's not the model that's stopping you, it's the belief in yourself that you can do it.” — Gemma GilbertThis week on Profit for Coaches:Why and when group coaching can be more valuable than one-on-one.How to make sure your group coaching clients get great results together.How Profit First can help you decide when it's time to hire help.The preferred, fast, “lazy” way to grow your email list.The FREE profitable practice scorecard!Our Favorite Quotes:“More people with money who can help more people is a good thing.” — Gemma Gilbert“All we're doing is we are taking that genius in your head, and we are turning that into a pre-recorded pathway.” — Gemma Gilbert“I haven't found a single niche that can't be offered in a group.” — Gemma Gilbert“You do have to be willing to niche down. Niche just matters so much more in group programs.” — Gemma GilbertResources Mentioned:Book: Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine by Mike MichalowiczAny purchase through the amazon affiliate link above helps support the podcast. Thank you!Connect with Gemma Gilbert:Gemma Gilbert WebsiteGemma Gilbert Freebie and Email List Sign-upScaling With Group Programmes Facebook GroupBook a 15-Minute Growth Gameplan callGemma Gilbert Coaching on InstagramGemma Gilbert Coaching on Facebook
Debt can be a useful tool for growth in your construction business when handled correctly. This week we're discussing the different types of debt, when it makes sense to use it, and the best ways to pay down debt without negatively affecting your cash flow and profitability. Topics we cover in this episode include:What is smart debt?Debt, starting a new business, and survival modeHow much debt is too much when it comes to bonds and banks?How Profit First looks at debtLong-term vs. short-term debtThe best strategies for getting out of debt LINKSVisit the episode page at https://contractorsuccessforum.com/debt for more details and a transcript of the show.Find all episodes and related links at ContractorSuccessForum.com.Join the conversation on our LinkedIn page: https://www.linkedin.com/company/contractor-success-forumFIND US ONLINERob Williams, Profit Strategist | IronGateESS.comWade Carpenter, CPA, CGMA | CarpenterCPAs.comStephen Brown, Bonding Expert | McWins.comFIND US ONLINERob Williams, Profit Strategist | IronGateESS.comWade Carpenter, CPA, CGMA | CarpenterCPAs.comStephen Brown, Bonding Expert | McWins.comFIND US ONLINERob Williams, Profit Strategist | IronGateESS.comWade Carpenter, CPA, CGMA | CarpenterCPAs.comStephen Brown, Bonding Expert | McWins.com
Debt can be a useful tool for growth in your construction business when handled correctly. This week we're discussing the different types of debt, when it makes sense to use it, and the best ways to pay down debt without negatively affecting your cash flow and profitability. Topics we cover in this episode include:What is smart debt?Debt, starting a new business, and survival modeHow much debt is too much when it comes to bonds and banks?How Profit First looks at debtLong-term vs. short-term debtThe best strategies for getting out of debt LINKSVisit the episode page at https://contractorsuccessforum.com/debt for more details and a transcript of the show.Find all episodes and related links at ContractorSuccessForum.com.Join the conversation on our LinkedIn page: https://www.linkedin.com/company/contractor-success-forumFIND US ONLINERob Williams, Profit Strategist | IronGateESS.comWade Carpenter, CPA, CGMA | CarpenterCPAs.comStephen Brown, Bonding Expert | McWins.com
Joining Dr. Sabrina today is Ean Price Murphy, the newest business owner being featured in our Great Place to Work Spotlight. Ean is the founder of Moxie Bookkeeping, where they teach successful entrepreneurs a dead simple cash management system that works with their natural habits so they don't have to learn accounting to become permanently profitable. They allow business owners to focus on impact rather than spreadsheets. Ean is a fellow certified Profit First Professional–Mastery Level, Xero Platinum Partner, Quickbooks Pro Advisor, and Certified Business Coach. Living on the cutting edge, Ean is not your typical bookkeeper. She relishes what makes her and Moxie Bookkeeping unique, and she knows what makes Moxie a great place in attracting A-players and retaining her great team. Ean shares with openness and honesty the hard lessons she has learned, along with the best practices that are bringing success. Join us to learn more from Ean! Profit by Design is a Tap the Potential Production in collaboration with Small Business Consulting Group. Show Highlights: What makes Moxie Bookkeeping unique and very different What it means to a client to experience the values of integrity, communication, and collaboration A big lesson learned by Ean about allowing her team to protect her from herself What a bookkeeper is and what they do—and what they DON'T do What it takes to make a successful relationship between business owners and their bookkeeper and who the ideal clients are for Moxie Bookkeeping How Profit First helps business owners in terms of their sales targets and their trending bank balance How to figure out if you can afford to hire another team member What Ean is doing to create a Great Place to Work for her A-players How A-players are learning and growing with professional development (and Book Club!) at Moxie How Ean's hiring process has changed since taking the How to Hire the Best course Why Moxie is going through the “best kind of dip in retention” by getting rid of B-players who are “good enough” but not going to the next level Why Ean wants to help her A-players get where they want to go, whether it means they stay with Moxie or not An overview of the personality strengths Ean looks for in hiring A-players Links and Resources: Connect with Ean: Moxie Bookkeeping Download our Workbook and take our Better Business Better Life Assessment. Learn more about the next How to Hire the Best course. You can register now for the next course that begins in October. New! Now Available!! The 4 Week Vacation book with bonuses! Follow the steps to claim your spot for the upcoming live training, The 4 Week Vacation Better Business Better Life Jumpstart! Download Dr. Sabrina's Introductory Training: How to Make Your Time Worth $10,000 an Hour
We're talking about Profit First again this week, with a focus on those unexpected expenses that inevitably pop up in your construction business. Rob, Wade, and Stephen discuss the three steps you should take to address a cash flow shortage and how to prepare for similar situations in the future with the Profit First system. Topics we cover in this episode include:How Profit First is an early warning system for cash flow issuesHow to address an unexpected expense in the short-term without wrecking your cash flowDefining the unexpected expense and whether you can avoid it in the futureHow to set yourself up to deal with unexpected expenses in the futureLINKSVisit the episode page at https://contractorsuccessforum.com/shortage for more details and a transcript of the show.Find all episodes and related links at ContractorSuccessForum.com.Join the conversation on our LinkedIn page: https://www.linkedin.com/company/contractor-success-forumFIND US ONLINERob Williams, Profit Strategist | IronGateESS.comWade Carpenter, CPA, CGMA | CarpenterCPAs.comStephen Brown, Bonding Expert | McWins.com
We're talking about Profit First again this week, with a focus on those unexpected expenses that inevitably pop up in your construction business. Rob, Wade, and Stephen discuss the three steps you should take to address a cash flow shortage and how to prepare for similar situations in the future with the Profit First system. Topics we cover in this episode include:How Profit First is an early warning system for cash flow issuesHow to address an unexpected expense in the short-term without wrecking your cash flowDefining the unexpected expense and whether you can avoid it in the futureHow to set yourself up to deal with unexpected expenses in the futureLINKSVisit the episode page at https://contractorsuccessforum.com/shortage for more details and a transcript of the show.Find all episodes and related links at ContractorSuccessForum.com.Join the conversation on our LinkedIn page: https://www.linkedin.com/company/contractor-success-forumFIND US ONLINERob Williams, Profit Strategist | IronGateESS.comWade Carpenter, CPA, CGMA | CarpenterCPAs.comStephen Brown, Bonding Expert | McWins.com
I'm talking to a friend and colleague today about her book and how Profit First principles can apply to any business. Struggling business owners breathe an audible sigh of relief when their profit margins are increased, and they can operate from an abundance mindset. Join us for today's episode to learn more. Christeen Era is the co-founder of Green Profit Academy and an accounting and consulting professional who has helped hundreds of small and mid-sized businesses improve their cash flow, post higher profits, and achieve stronger growth. In Profit First for Lawn Care and Landscape Companies, she provides an industry-specific toolbox to help the owners of these businesses manage their expenses and increase their gross profit margins to as high as 65%. Passionate about helping her clients flourish and grow, Christeen is a certified Profit First Professional, Pumpkin Plan Strategist, Certified Fix This Next Advisor, and Quickbooks ProAdvisor. Join us as we take a closer look at how Profit First is helping Christeen's clients! Profit by Design is a Tap the Potential Production in collaboration with Small Business Consulting Group. Show Highlights: Christeen gives an overview of her journey with Profit First that began in 2015 How Profit First helps solve specific problems in Christeen's business Early “sighs of relief” that Christeen hears from her clients who implement the Profit First system Lawn care and landscape businesses, the huge potential, the disconnect, and what's holding them back The huge difference and mindset shifts that happen when operating expense accounts are over-funded The trauma that some business owners have–and why it leads to a “This is too good to be true” belief How Christeen's scalable growth business model is a roadmap to grow your business while maximizing profits Common mistakes business owners make in “DIY versions” of Profit First The initial pieces that Christeen puts into place to help with course correction for business owners How you can get Christeen's Free Toolbox for any contracting and service industry Connect with Christeen: Profit First for Lawn Care and Landscape Businesses Facebook Green Profit Academy Facebook and LinkedIn Core Growth Strategies Facebook, LinkedIn, and YouTube Find Christeen's book on Amazon Links and Resources: New! Now Available!! The 4 Week Vacation book with bonuses! Download Dr. Sabrina's Introductory Training: How to Make Your Time Worth $10,000 an Hour Join Dr. Sabrina in our Entrepreneurs Take Your Live Back! Community
Luke Harris was a forester and a forestry consultant. Due to the nature of his work, doing timber inventory and all, he was always traveling, and with a young family of his own, he thought it wasn't the kind of sustainable way to raise his family. His goal was to provide for his family and provide a situation for them that he didn't have to be gone all the time. Thanks to Google, where he found notable gurus in the industry, Luke was able to kickstart his real estate business through land-flipping. After three years, it became a full-time gig that paid the bills and sustained his family. He now runs his company “The Farm Finders”, which specializes in providing affordable properties by finding unimproved land and offering it at affordable prices.Growing up, Luke learned the value of money and the discipline one needs to manage money correctly. In this episode, he talks about the importance of securing your business by putting enough cash in the bank to protect it, whatever crisis hits the economy. He also shares how the Profit First system helped him build that kind of discipline he employed to maintain a good standing around the financial side of his business.Listen as Luke drops a lot of knowledge bombs and philosophies around money on this episode. Key Takeaways[01:32] Luke's background in forestry and what got him going down the real estate path[03:19] The average deals he sold each year after starting in real estate[06:07] Why real estate? Is there a purpose behind it?[08:37] Luke's role models about money and the value of giving[11:39] Lessons around money he wanted to pass on to his children[15:59] How Profit First helped him make habits of being a profitable company[19:12] What it's like having a CFO in his team [20:41] Luke's recommendations to investorsQuotables[05:15] “The keys to your success were trying to model someone who had gone down this path and getting that mentorship from someone”.[13:49] “Cash balance, personally and in the business, is important especially at some point where we're going to be having another recession or economic downturn and that's the number one way that you can be prepared for that as a business owner.”[21:10] “Making sure you have a really big cash reserve before you scale is incredibly important.”[21:27] “A lot of businesses will probably go under with whatever economic crisis we have coming…But I think having that cash in the bank, it's like the number one thing you can do to protect your business against that.”LinksEmail Harris at harrislandcompanylb@gmail.com Want to 2-3X your profit? If you want help implementing Profit First and increasing your revenue in your business, you can go here to book a call. I'd love to chat and see how I can help you make and keep more money in your business.
We're thrilled to have Jenni Davis as our resident Profit First Professional this year! Here are some of the things we talked about: How Profit First flipped the script on business accounting Jenni is breaking down exactly what the Profit First method is While you don't need a Profit First Professional to implement Profit First in your business, there are definite benefits to working with one. Jenni's upcoming tool that will support you as you implement Profit First in your business Learn more about your ad choices. Visit megaphone.fm/adchoices
We often hear “rags to riches' stories, but today, we're taking you on a rollercoaster story of someone who started as a young millionaire, got hit by bankruptcy, and had to reset to make it all back and more.Matt Theriault became a millionaire when he was only 30. When He got out of the Marine Corps, he spent the next several years in the music business, living the dream and the life, making lots of money. Little did he know that this luxury lifestyle would end soon after the music industry shifted to digital download. Matt shares the struggles he went through after his business was hit by bankruptcy, how he worked below-average income jobs to make ends meet, and finally how he overcame it all to make more money than he ever had beforeKey Talking Points of the Episode[01:55] Matt's real estate journey [05:33] How discovering how to make real wealth in real estate transformed Matt[07:13] Starting out as a Real Estate Agend and Matt's first deal[11:47] His mindset about money and the definition of wealth[15:01] How Profit First creates a wealth mindset[20:32] Velocity Investing[22:34] Matt's advice on streaming cash, paying yourself first and using assets to buy more assetsQuotables“Real estate, it's the final frontier where the average person has a legitimate shot at creating real wealth.”“And certainly I would have never discovered it and never would have stumbled upon it unless, you know, I had that great upset in my life.”“Having experienced both of those large bank accounts, but having to work and then a small bank account and not having to work, I liked the smaller bank account and not having to work better.”“And in the opening chapters, [Rich Dad, Poor Dad] Mike was just, he was really reading my life. Like you make a lot of money, but at the end of the year, you don't have any left. You just keep on spending every single thing that you make. And it doesn't matter how much you make, you just find a way to spend it. And I was like, you know what, you're right.”“Real financial freedom comes from streaming cash rather than saving cash.”“Pay yourself first and then pay your bills with what's left over.”LinksEPIC Real Estate | Download your free Real Estate cheat sheets https://www.epicbreakthrough.com/?r_done=1 Join the Profit First for real estate investors Facebook grouphttps://www.facebook.com/groups/ProfitFirstREI CFO Solutionshttps://cfosolutions.com/
In the last episode of the Good Food CFO Podcast, Sarah shared how she learned about Profit First, her experience in the Profit First Certification process and she answered the question: Will Profit First Work For Your Good Food Business? In this week's episode Sarah shares: The 4 steps you need to take to start implementing Profit First in your business How Profit First differs for Good Food Businesses Answers to some frequently asked questions, One common mistake that many business owners make when implementing this strategy - so you can avoid it and be successful! (Before implementing those steps Sarah will revisit her general philosophy and strategy for building financially sustainable and profitable food businesses: - Becoming Sustainable won't happen overnight - It's difficult to maintain with fast, sweeping changes - You've got to know where you are right now, and where you want to be, in order to create a clear path to profitability - It takes WORK and an understanding that MORE SALES is not the answer. -You've got to build a financially sustainable business from the inside and once that's done growing sales WILL produce more profits -- but if you haven't yet done that work, MORE SALES can equal BIGGER Losses.) This episode is FULL of information you don't want to miss out on! Tune in to learn more, and visit sarahdelevan.com or the thegoodfoodcfo.com to learn about our new + updated services. LIVE Q+A Session Join us in the Profitable Food Business Community and RSVP for our Monthly Live Q&A focused on PROFIT FIRST 11:30am PT on Tuesday, August 3rd by visiting profitablefoodbusinesscommunity.mn.co
GUEST'S BIO Myka Artis is a short term rental investor utilizing the rental arbitrage strategy and BRRRR to acquire his STRs. He owns 3 STRs and arbitrages over 400+ properties. HIGHLIGHTS OF THE EPISODE 02:34 Join our growing STR Secrets Facebook community - https://www.facebook.com/groups/STRentalsecrets 03:05 Myka Artis introduction and background 04:04 How Myka got into the STR industry 05:16 Myka's first condo in North Arlington 05:45 Myka shares his experience with his parent's timeshare 06:36 Myka's first house on Airbnb 07:00 Myka's first partnership deal 08:31 The power of timeshares 13:32 Myka breaks down his timeshare STR model in depth 14:54 Best set up for an STR space 17:30 Why Myka loves short term rentals 18:23 How Myka got to 400 short term rentals 19:19 What are the things to look out for when running timeshares on Airbnb 21:32 Myka shares how he started with his Airbnb properties 22:25 Myka's favorite real estate investment strategy 23:40 The acquisition cost on a BRRRR deal 25:08 How Myka gets mortgages for his Airbnb properties 28:27 Myka's 5-year vision 29:43 How Profit First changed Myka's perspective 33:06 Myka talks about his team 34:06 Systems that Myka uses for his business 38:04 Credit card hacking 44:38 Where can people connect with Myka 46:35 Myka's #1 secret to success with STR NOTABLE QUOTES "I already have a perfect day planned out of what I want, and I know that I'll be there soon." - Myka Artis "My number one secret to success was just doing it." - Myka Artis "We are just humans and we all have our days but it is the big why of having the vision and understanding what you want, having a partner that you want to do it with, it just makes it all worth it." - Emanuele Pani "The more seeds you plant everywhere, the more opportunities that are going to come your way." - Mike Sjogren CONNECT WITH THE GUEST Myka Artis: Clubhouse | Instagram | Facebook | Linkedin Live Let Thrive: Website| Instagram | Youtube | Facebook CONNECT WITH THE HOSTS Michael Sjogren: Short Term Rental Secrets Facebook Group | Clubhouse | Instagram | Youtube | Facebook Page | Linkedin https://linktr.ee/the_airbnbguy Emanuele Pani: Clubhouse | Instagram | Facebook | Linkedin FREE MASTERCLASS TRAINING - https://www.strsecrets.com/masterclass Learn more about your ad choices. Visit megaphone.fm/adchoices
GUEST'S BIO Myka Artis is a short term rental investor utilizing the rental arbitrage strategy and BRRRR to acquire his STRs. He owns 3 STRs and arbitrages over 400+ properties. HIGHLIGHTS OF THE EPISODE 02:34 Join our growing STR Secrets Facebook community - https://www.facebook.com/groups/STRentalsecrets 03:05 Myka Artis introduction and background 04:04 How Myka got into the STR industry 05:16 Myka's first condo in North Arlington 05:45 Myka shares his experience with his parent's timeshare 06:36 Myka's first house on Airbnb 07:00 Myka's first partnership deal 08:31 The power of timeshares 13:32 Myka breaks down his timeshare STR model in depth 14:54 Best set up for an STR space 17:30 Why Myka loves short term rentals 18:23 How Myka got to 400 short term rentals 19:19 What are the things to look out for when running timeshares on Airbnb 21:32 Myka shares how he started with his Airbnb properties 22:25 Myka's favorite real estate investment strategy 23:40 The acquisition cost on a BRRRR deal 25:08 How Myka gets mortgages for his Airbnb properties 28:27 Myka's 5-year vision 29:43 How Profit First changed Myka's perspective 33:06 Myka talks about his team 34:06 Systems that Myka uses for his business 38:04 Credit card hacking 44:38 Where can people connect with Myka 46:35 Myka's #1 secret to success with STR NOTABLE QUOTES "I already have a perfect day planned out of what I want, and I know that I'll be there soon." - Myka Artis "My number one secret to success was just doing it." - Myka Artis "We are just humans and we all have our days but it is the big why of having the vision and understanding what you want, having a partner that you want to do it with, it just makes it all worth it." - Emanuele Pani "The more seeds you plant everywhere, the more opportunities that are going to come your way." - Mike Sjogren CONNECT WITH THE GUEST Myka Artis: Clubhouse | Instagram | Facebook | Linkedin Live Let Thrive: Website| Instagram | Youtube | Facebook CONNECT WITH THE HOSTS Michael Sjogren: Short Term Rental Secrets Facebook Group | Clubhouse | Instagram | Youtube | Facebook Page | Linkedin https://linktr.ee/the_airbnbguy Emanuele Pani: Clubhouse | Instagram | Facebook | Linkedin FREE MASTERCLASS TRAINING - https://www.strsecrets.com/masterclass
Many business owners and self employed people bring a lot of money in, but once all the business expenses are paid, they don’t have hardly anything left for themselves. David Richter is here to share about the Profit First approach that allows business owners to bust out of this cycle and begin to thrive financially! He dives into: How if you’re hesitant to allocate to yourself a consistent paycheck, you need this the most! The Envelope System and the Golden Trio and how these drive you forward How Profit First provides a sense of peace and a better grasp on your business expenses and some valuable resources for incorporating this system and building new habits Whether you’ve never read Profit First or you could use a refresher, stick around. With all of David’s thought-provoking strategies he shares, we’re certain you’ll leave with fresh ideas for leveling-up your finances! Resources: simplecfosolutions.com profitfirstrei.com Profit First for Real Estate Investors Facebook group
Money's tight this month. But your gym will make it—as long as you cut your own pay a little. No problem; you're not in this business to get rich, right? But you can't live like that forever. Eventually, your business needs to be profitable and you need a paycheck—or you're going to burn out. But how do you get there? The Profit First system, developed by Mike Michalowicz, is a powerful technique for managing cashflow to result in profit. Gym owner and certified public accountant John Briggs tweaked the system even further in his book, "Profit First for Microgyms."Here, John explains how you can use the system to get out of debt, pay yourself and your team, cover your expenses and make a profit.Links:"Profit First for Microgyms"Incite TaxArboxChalk It ProGym Owners UnitedTimeline:2:25 – What is Profit First?3:04 – Parkinson’s Law. 6:18 – The gym-owner trap.11:14 – The seven accounts: income.12:19 – The seven accounts: team members.14:13 – The seven accounts: owner pay.17:20 – The seven accounts: profit.22:31 – The seven accounts: tax.24:14 – The seven accounts: operating expenses.24:28 – The seven accounts: equipment.25:48 – Why the system works.27:29 – How to start implementing Profit First if you’re broke.29:38 – Analyzing expenses and generating revenue.33:27 – Starting small.35:14 – How Profit First will make your life better.36:53 – Where to start.
John Briggs, author of Profit First For Microgyms, joins me to discuss Profit First and how it relates to gym owners. Check out this episode and get your finances on track. You work too hard not to benefit financially. If you listen to this episode, you’ll hear the following mentioned: Successful gyms have multiple revenue streams Profit First for Microgyms The difference between microgyms and globogyms Why nutrition is a good service post-Covid Most owners aren’t paying themselves enough Why being a fitness professional is one of the most important job “Profit is the necessary fuel for a viable business.” 6 figure take home pay is very possible 20-30% margin is possible but most have 5-10 How Profit First helps to get past Parkinson’s Law Why you need to sometimes cut sessions The first step is doing whatever you can to pay yourself what you need Other funds (e.g. equipment account) can be used for emergencies Once your equipment funds has enough, you can stop transferring Don’t open a second location without maximizing the first Once you’ve got a fully funded reserve account, the fun begins Fix This Next How to win Friends and Influence People Primal Leadership Profitfirstformicro com Contact Billy directly about possibly doing coaching with him, visit https://yourfitnessmoneycoach.com/coaching-with-me/ and fill out the form. Listen/Subscribe to the show here: My podcast page Your Fitness Money Coach Itunes Spotify IHeart Stitcher Google RSS You can also search for the Your Fitness Money Coach podcast on major podcast apps.
Subscribe to Our Podcast: Listen onApple PodcastListen onAudibleListen onSpotifyListen onGoogle PodcastsListen onCastboxListen onStitcher RadioIn this episode of Uncover Wealth Radio 332. Have you hear about the Profit First Method Book? All businesses have its ups and downs. I’ve once had a first hand experience despite the fact that I’m a chartered accountant and a profit first certified for over six years. In this episode, you’ll learn how the book Profit First by Mike Michalowicz has saved my life and my business. Today, Annette Ferguson, who is the host of Uncover Wealth Radio and a pro in helping entrepreneurs take home more money from their business for them and their family to enjoy, is here to tell you all about money, business wealth and creating financial freedom.Points of Discussion:Here are a few insights you’ll hear in today’s show… My personal experiences of being a Profit First certified for over six years.The time that I discovered the book Profit First by Mike Michalowicz.How Profit First saves my business.Resources:YouTube VideoYour Money GuideConnect with Annette Ferguson
**This episode was published under our former branding The Choice with Amy Bett. The content is still so relevant so we have kept it available for you. :) I am honoured to be talking to Laura Elkaslassy! Laura owns multiple businesses and is the CEO of Profit First Australia. Her mission and passion is enabling business owners to build sustainable businesses through learning how to generate profit, structuring systems for financial success, and earning the income they deserve. In this episode you will learn; - What is Profit First and the methodology behind it. - How Profit First works. - How by implementing this simple system, you can transform your Business from a Cash-Eating Monster to a Money-Making Machine. I also have an exciting announcement and opportunity to share with you so make sure that you listen right until the very end so you don't miss out! Ok get ready to hear from Laura Elkaslassy! PROFIT FIRST RESOURCES - Profit First Guide HERE - Purchase Profit First by Mike Michalowicz book HERE RESOURCES AND HOW TO WORK/CONNECT WITH ME; + Work with me 1:1 business coaching: www.amybett.com/coaching + Get the Profit First Guide for FREE HERE + Download my FREE Ultimate reading list HERE today. It's filled with next level book recommendations that will transform your business and lifestyle! + You can follow and ask questions/share your wins with me HERE * As an amazon affiliate I will receive a small commission for any books purchased but you will not pay any more. WIN WIN :) See omnystudio.com/listener for privacy information.
In this episode of Uncover Wealth Radio 315. We will be discussing all about Becoming More Specialized in Online Marketing with Chessie Rosier-Parker. In this episode of Uncover Wealth Radio, I am going to have a wonderful conversation with one of my clients, Chessie Rosier-Parker, the Studio Manager of Squeegee and Ink Screen, which is a print and design studio. Squeegee & Ink started out as an open access studio for artists to come and use the facilities, but now aside from screen printing and embroidery, they teach new people their skills through workshops.Who would think that there will be nuggets that you can pick up talking about flip flops and socks? And her insights on social media is amazing! Today, Annette Ferguson, who is the host of Uncover Wealth Radio and a pro in helping entrepreneurs take home more money from their business for them and their family to enjoy, is here to tell you all about money, business wealth and creating financial freedomUncover Wealth Radio Episode 315Click To Tweet Get All My Best Resources Click Here Partner With Me Here Inquire Now JOIN THE FACEBOOK GROUP! Uncover Wealth Community Points of Discussion Here are a few insights you’ll hear in today’s show…Are you confident to show up in flip flops and socks? (...Showing up as authentically as yourself.)Can any business use social media? (...Innovations in Social Media are very fast and the next big thing is Clubhouse.)What does Chessie think about paid advertising? (...and versus print ads)The Focus on Profit - How Profit First has helped her business. Connect with Annette Ferguson Facebook Keep posted on our updates and hit like on our page at this link: facebook.com/annettefergusonuk Instagram Give us a heart and hit follow to get some insights from us at this link:instagram.com/annettefergs YouTube Subscribe now in our channel and keep posted from our daily lives and business hacks.youtube.com/channel/UCkohh_X-4R5mKfEW9rBQ1qA LinkedIn Keep updated and connected on our certified post at this link:linkedin.com/in/annettefergusonuk Twitter Follow and tweet with us on this link: twitter.com/Annette_Fergs TikTok Keep on the trend with us on this link: tiktok.com/@annette_fergs iTunes https://podcasts.apple.com/gb/podcast/uncover-wealth-radio/id1473582522 Website Visit and inquire on our homepage at this link: annetteandco.co.uk Connect with Chessie Rosier-Parker Connect with Chessie Rosier-Parker:Website: https://www.squeegeeandink.co.uk/Linked In: https://www.linkedin.com/in/chessie-rosier-parker-10bbb4107/
Being an excellent accountant might not be one of your biggest strengths, especially for those of us who consider ourselves creatives. But if you're running a business of any sort, you have to at least understand your numbers and not be afraid to look at them! In this week's episode of the This Week In Weddings podcast, we're chatting with stationer turned business coach about a few simple steps wedding industry entrepreneurs can take to get more comfortable with their books. With the end of the year quickly approaching, now is a great time to become BFFs with your books. About our guest: Emily Roach, the founder of Biz BFF, is a community leader, speaker, business coach, and professional best friend. Through her online community and group coaching program, The Hive, Emily empowers small business owners to show up authentically, think creatively, and act courageously to make their wildest effing dreams come true! When she’s not teaching her rule-breaking business and marketing strategies to entrepreneurs all over the world, Emily’s reveling in the messy middle of life with her family, their bus, Hank, and an absurd stash of yarn in Portland, Oregon. In this episode, listeners will hear about: How Emily got started in the wedding industry and then transitioned into coaching Emily's recommendations for accounting software if you're looking for alternatives to QuickBooks Suggestions for getting over the fear of looking at your finances and getting pumped up for finance days Emily's Money Making Magic Playlist on Spotify How often you should be looking at your business banking accounts and budgets Creating a budget to better see where you're spending How Profit First by Mike Michalowicz helped Emily get better control of her business finances The Soul of Money by Lynn Twist Make sure to listen to the end as we reveal the next This Week In Weddings Book Club book related to money and mindset Want to connect with Emily? Online: www.bizbff.com Instagram: @biz_bff Facebook: facebook.com/mybizbff ------- SUPPORT THE PODCAST! Have you gotten value from This Week In Weddings? If so, it's time to pay it forward! Your contribution of as little as 10-cents a day will help us offset our costs, like file storage, web hosting, and editing. Plus, a larger donation gets you perks, like access to a private Facebook group to discuss each week’s episode! Check out the ways you can contribute to the show.
There’s nothing more valuable than learning from people who’ve already achieved what you want to achieve. But learning doesn’t build a profitable business that sets you free—execution does. In this episode, serial entrepreneur Danielle Mulvey stops by. She shows you how to build a profitable business from scratch, even if you’re bleeding money right now. Danielle has been an entrepreneur for over 20 years and runs multiple businesses which generate over $30 million in revenue every year. Want her tips on how you can build wealth in today’s world? Listen now! Show highlights include: How to run multiple million-dollar companies in 10 hours per week. (4:55) Why a bankrupt client can bring you more money than a big corporation. (6:27) How to travel the world with your family while your business runs itself. (9:21) What Danielle learned from buying fast food with quarters after making 250k a year. (10:26) How “Profit First” makes your business profitable without ever reading a balance sheet. (12:32) The easy way to become profitable (without changing your offers or prices). (15:34) Why being profitable is not about finances, but about your mindset. (21:18) Remember to download Grandma’s Top Tips for an Independent Financial Future by dropping into https://grandmaswealthwisdom.com/free/. It's time for YOU to break through to a smart, stable, financial future. If you’d like to see how Grandma’s timeless wealth strategies can work in your life, schedule your free 15-minute coffee chat with us by visiting www.grandmaswealthwisdom.com/call...just like Grandma would want us to do. An entrepreneur for over 20 years, Danielle shares her real-life experiences - including real-time across her multiple businesses she runs with her husband with annual gross revenues over $30-million. She has been there, done that and continues to do it day-in and day-out. She's the co-host of the Profit Nation podcast along with former guest of the Grandma's Wealth Wisdom Podcast Mike Michalowicz.
Mike Michalowicz is a best-selling author, speaker, multi-millionaire business owner and the man that Simon Sinek calls “the top contender for the patron saint of entrepreneurs” However, his work today came as a result of learning some crucial business and life lessons after losing everything he'd made from selling two companies. Since then Mike has devoted his life to finding better ways for himself and other entrepreneurs to grow healthy, strong companies. He is a former small business columnist for The Wall Street Journal and business makeover specialist on MSNBC. Mike is a popular main stage keynote speaker on innovative entrepreneurial topics. One of his most popular books and systems is Profit First, which is used by hundreds of thousands of companies across the globe to drive profit. He has written many others and his latest book, ‘Fix This Next', is accidentally, but perfectly timed to help many business owners suffering as a result of the crisis. In this show, I'm getting the low down from Mike on many things that will help you as a speaker and business owner to move forward despite the challenges that you are facing on the journey. I hope you enjoy the show. What we talk about: Why Mike has dedicated his life to investigating the journey of successful entrepreneurship. The origin of Profit First as a way of managing cash in your business. Why traditional accounting methods don't work for entrepreneurs. How ‘Profit First' works. The amazing results it has had for entrepreneurs and businesses in sustaining profitability. The ‘Survival Trap' exercise that you can run for your business. Why Mike developed the ‘Business Hierarchy of Needs' to identify the right actions for your business if you're feeling overwhelmed or facing a crisis in your business. The story of Cottonwood Coffee and how they used the business hierarchy of needs. How speaking fits into what Mike does. Why you should give people actionable content when you're speaking. The ‘One Step Back' technique and how you can use it to pivot. Why you shouldn't give until it hurts and what you do should always have a sales foundation. How and why Mike uses stories and humour in his talks. The way that Mike overcame his public speaking anxiety. Why you should listen to people's wallets, rather than their words. All things Mike https://www.mikemichalowicz.com https://www.fixthisnext.com Books: Profit First by Mike Michalowicz Clock Work by Mike Michalowicz The Toliet Paper Entrepreneur by Mike Michalowicz How to Stop Worrying and Start Living – Dale Carnegie Other Resources* https://www.saraharcher.co.uk https://www.mystorywizard.com https://www.standoutpitch.com https://www.thespeakingclub.com/masterclass Thanks for listening! To share your thoughts: leave a comment below. Share this show on Twitter, Facebook or LinkedIn. To help the show out: Leave an honest review on iTunes. Your ratings and review really help get the word out and I read each one. Subscribe on iTunes. *(please note if you use my link I get a small commission, but this does not affect your payment)
In this episode I'll be talking about why the old accounting methods of sales -minus- expenses = profits just doesn't work, and why we should be focusing on profit first in business. You will learn; What the Profit First model is How Profit First will revolutionise your business Why using a profit first bank account for your business is essential The new accounting formula you need to make more profit How to implement the profit first model into your small business Resources: Join the FREE 5 day Plug Your Money Leaks Challenge Join The Money Circle membership Book in a complimentary call to discuss how financial coaching can help you move from financial overwhelm to confidence and control. Join Catherine's Facebook Page and FREE Facebook Group My Website My Online Courses - From Spender to Saver, Investing for beginners from £1 My YouTube Channel Connect with me on Twitter, Instagram and Facebook Profit First - Mike Michalowicz Starling Bank Business Account
Shawn Van Dyke is a construction industry business coach, speaker, and author and has taken the core concepts of Mike Michalowicz's Profit First and customized them to address the specific needs of the construction industry in his book, Profit First for Contractors. Shawn is a great and knowledgeable guy and in this recording, once I get past talking about his vs. my hair, I interview him on: - Making Cents of the Financial Statements - Why it’s so important to understand your numbers - How Profit First for Contractors Works - What it is, the basic format of it, and why it works. - We dig into the Initial Assessment Exercise from Profit First - And then do some rapid-fire questions about helping you forget about Industry Standards, Destroying Debt, and other key takeaways we’d like to you walk away from this recording with. Enjoy! You can find a copy of the book at: www.ProfitFirstContractor.com
Wingnut Social: The Interior Design Business and Marketing Podcast
Marketing is important to any business, but there’s maybe one thing that’s more important than marketing: profit. So on today’s podcast, we’re doing something a little different and talking about the Profit First approach with expert and fellow podcaster Michele Williams. Michele Williams is a certified Profit First professional who focuses on helping creative business owners grow the profit of their business. She’s the head honcho of Scarlet Thread consulting, and helps business owners fix their financials and better understand how money flows through their organization. She’s also the host of the Profit is a Choice podcast. What You’ll Hear On This Episode of Wingnut Social [1:10] Intro and why Natalie needs to listen to more podcasts [3:22] LuAnn Live info! [4:24] The 411 on Michele Williams [5:31] What’s coming up for Michele and an intervention for Natalie [7:43] How Michele happened upon the Profit First method [10:30] How Profit First relates to marketing [13:19] Profit First in a nutshell [17:21] The Profit First methodology [26:27] How to work with banks and bookkeepers [32:45] The first resistance to Profit First [34:55} What is Natalie’s major damage? [38:09] Whut up, Wingnut? Connect with Michele Williams Scarlet Thread Consulting Profit Is a Choice Podcast Scarlet Thread on Facebook Scarlet Thread on Instagram Michele’s Facebook group for interior designers Resources & People Mentioned Come to LuAnn Live! High Point Market Profit First 212: The Extra Degree Michele’s booklist Get your Audible Free Trial! Profit First in nutshell On this week’s episode, Michele breaks down the “Profit First” approach to running a business by drawing an analogy to a family’s income. When you have a certain amount of money coming into the home, you know you have to budget a certain amount to pay necessities: mortgage, utilities, groceries, etc. It’s the same with a business, you may have $10,000 coming in, but you know you have to pay $2,000 to a vendor. But you rarely think about how much profit you are saving. Michele tells Darla and Natalie that Profit First switches up the mindset of business owners, and tells them they need to sock away a bit of profit every month, to either allow the business to grow, or to pay for unforeseen expenses. And so what you’re doing by prioritizing and saving profit, is you’re investing in the sustainability of your business, and getting off the “living paycheck to paycheck” mentality of many business owners. How to make a Profit First methodology What’s maybe surprising about the Profit First approach is that it’s a literal change to how you manage your money. That may mean setting up a separate account in the bank, or even at another bank if you might be tempted to dip into an account at your current bank. In many ways, Profit First is about organizing your money in a structured way so it cannot slip into other revenue streams. Most of the companies that Michele works with saves between 5% and 10% of their profit. But, as she told Darla and Natalie, not every business can do that. So even if you’re just starting out, putting a few dollars away a month will get the ball rolling. Connect With Darla & Wingnut Social www.WingnutSocial.com On Facebook On Twitter: @WingnutSocial On Instagram: @WingnutSocial Darla’s Interior Design Website Subscribe to The Wingnut Social Podcast on iTunes, Google Podcasts, or TuneIn
Today we discuss a unique method by which you can guarantee your business will always have a profit (even from day 1). You’ll never miss having a profit because you take your profit first. My guest is Mike Michalowicz. Mike is the successful entrepreneur behind three multimillion dollar companies. He is the author of The Pumpkin Plan, Surge, and The Toilet Paper Entrepreneur, which BusinessWeek deemed “the entrepreneur’s cult classic.” He is a former small business columnist for The Wall Street Journal and a former MSNBC business makeover expert. An advocate for entrepreneurs, Mike says his purpose in life is to eradicate entrepreneurial poverty. Click here to download or listen to this episode now. Tip of the Week I’m a little late to the Instagram party, but my tip of the week is an Instagram tool I find to be a big help, it’s called InShort Video Editor. This app is great for editing videos on your iPhone and turning them into smooth, seamless Instagram stories. Check out InShort Video Editor in the app store today. Spiritual Foundations An indicator of someone’s character and integrity is how they handle their possessions. Paul stated in Philippians 4, “I know how to get along with humble means, and I also know how to live in prosperity. In any and all circumstances, I have learned the secret of being filled and going hungry, both of abundance and suffering need. I can do all things through Him who strengthens me.” Paul was actually talking about wealth in this circumstance. He was saying, “I've had a lot and I’ve had very little, and I’ve learned to be content in both circumstances. I can handle either situation through Christ who strengthens me.” Powerful advice! (3:00) Feature Presentation “Profit First- An Interview With Mike Michalowicz” Here are some snippets from our conversation: The book Profit First revolutionized my thinking about my business. – How to change your CPA’s thinking about business and pocket profits like never before. (4:00) Profit First is a new approach to cash management. – Discover how an old approach to cash management brought to business for the first time will increase your profits. (5:00) Sales – expenses = profit. – Why this flawed definition has negatively impacted so many businesses. (5:25) Accounting says profits come last. – How to change one simple formula and start making a profit immediately. 83% of small businesses are not profitable. – Uncovering why entrepreneurs get so many things right but continue to make no profit. (5:40) Is there a flaw in the formula? – How the Profit First principle will change your business (and your life). (6:01) Sales – profit = expenses. – What to do every time you make a sale (truth is, practically no one does this). (6:45) Sell, hide, pay. – Why this sequence works every time and guarantees you profits. (No, I’m not advocating illegal activity.) (7:09) The 20/80 rule you’ve never heard. – How logic, emotions, and habits impact your business profits. (7:35) Business says, “The more I grow, the more I spend.” – How to break this popular no profit system. (8:00) Profit First leaves you less money for your expenses. – Why this forces you to make harder choices that lead to the appropriate decisions. (8:52) Reverse engineer profits. – Discovering the secret for overcoming negative inertia and creating the habit of making a profit. (9:02) Tony Robbins, “The definition of an entrepreneur is someone who knows how to make enough money to cover their mistakes.” (9:10) The mindset of just making more money. – What entrepreneurs do when they’re not profitable and why it’s such a bad idea. (9:29) Too much month at the end of the money. – Why continuing with a flawed money management system is insane. (9:37) How Profit First forces you to define the path to profitability. – Why revealing outcome-based thinking is powerful. (10:30) If you can’t pay your bills you never could afford your bills. – How we fall into the trap of stealing (and think it’s OK). (10:54) How to run your business in a disciplined and appropriate fashion. – Why Profit First is required reading for every entrepreneur. (11:06) Is Parkinson’s Law impacting your profits? – What naturally happens when your resources increase, and how to break this unprofitable habit. (11:36) Resources Mentioned In This Episode Philippians 4 InShot app The Pumpkin Plan Profit First The Toilet Paper Entrepreneur Mike Michalowicz.com Mikemotorbike.com At Mike’s site you’ll have access to free chapter downloads, his Wall Street Journal articles, blogs, and podcasts. How To Help Subscribe to the show through Apple Podcasts and give us a rating and review. Make sure you put your real name and website in the text of the review itself. We will mention you on this show. Get The Transcript Right-Click and “Save As” to Get the PDF Transcript.