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3 episodes with mike michalowicz connect
2 episodes with mike michalowicz connect
2 episodes with mike michalowicz connect
Are you ready to break through to the six-figure mark in your elopement photography business? Reaching six figures isn't just a milestone; it's a sign that your business is thriving—clients are booking, your marketing is solid, and you've got your expenses under control. But how do you actually get there? This episode dives into the crucial steps you need to take to achieve that coveted six-figure income and why it's a benchmark worth aiming for. Gain clarity on the difference between gross income and net income, and why understanding both is key to your financial success. Discover what your year needs to look like to realistically hit six figures, with actionable examples and strategies. Learn how to profit around 50% of your revenue by knowing your costs and charging effectively, all while honing your money management skills. Tune in now to learn the steps that can help you reach that six-figure milestone in your elopement photography business and start living the lifestyle you've been working towards! Resources mentioned in this episode: Profit First by Mike Michalowicz Connect with Megan:
Rose sits down with Dr. Brenda Uekert, a sociologist, financial coach, speaker, author, and full-time RVer who is passionate about achieving financial freedom while caring for the planet. In this episode, Brenda shares her journey from a traditional career to embracing life on the road, offering insights into her steps toward financial freedom. We'll explore her innovative concept of "eco-wealth," where financial success and environmental stewardship go hand in hand. Brenda also discusses her book, "The Money Road Trip," which serves as a guide for achieving financial goals, and introduces us to the Planet Smart Finance Fest, an event dedicated to sustainable finance and investing. Key Takeaways: Eco-Wealth Concept: Brenda's innovative idea of "eco-wealth" emphasizes growing income, reducing expenses, and making environmentally responsible financial choices. Holistic Financial Freedom: Financial freedom isn't just about accumulating wealth but also about enriching life with meaningful experiences, connections, and values. Income-Expense Gap: The importance of increasing the gap between income and expenses to achieve financial stability and freedom. Time Autonomy: Valuing the freedom to choose how and where to spend your time, a key benefit of the RV lifestyle. Sustainable Finance: Insights into sustainable investing and financial practices that benefit both personal wealth and the planet. Planet Smart Finance Fest: An event created by Brenda that focuses on sustainable finance and investing, providing valuable resources and networking opportunities. Practical Tips: Brenda shares actionable advice on achieving financial goals, aligning financial practices with personal values, and living a more sustainable lifestyle. Tune in for a wealth of practical tips and inspiring stories that will help you balance financial success with a sustainable, fulfilling lifestyle. Books Mentioned: "Smart Women Finish Rich" by David Bach "Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine" by Mike Michalowicz Connect with Brenda: https://linktr.ee/drbrendau https://drbrendamoneycoach.com/ https://drbrendamoneycoach.com/coaching/does-adversity-make-us-stronger-heres-my-story/ ~~~~~~~~~~~~~~~~~~~~~ THE RV ENTREPRENEUR https://therventrepreneur.com ~~~~~~~~~~~~~~~~~~~~~ Join the RVE community on Facebook! https://www.facebook.com/groups/therventrepreneurcommunity Connect with RVE on all your favorite socials https://therventrepreneur.com/connect Got questions or comments for our hosts? Leave us a voice message! https://therventrepreneur.com/contact (NOTE: Audio submitted may be published on the podcast unless specifically requested otherwise.) Got a great story or tips to share with RVE Listeners? Complete our Guest Intake Form: https://therventrepreneur.com/guestform ~~~~~~~~~~~~~~~~~~~~~ The RV Entrepreneur is presented by RV Life – Tools that Make Camping Simple https://rvlife.com You May Also Like: The RV Life Podcast https://podcast.rvlife.com/ ~~~~~~~~~~~~~~~~~~~~~~~~ Send in a voice message: https://podcasters.spotify.com/pod/show/rve/message
Mike welcomes real estate investor Paul Thompson to discuss his transition from a corporate career to real estate success. Paul shares strategies like the BRRRR method, the differences between passive and active investing, and the importance of leveraging other people's money. He also opens up about his personal wake-up call that led him to change his career path. Packed with advice and real-life examples, Paul offers insights for anyone looking to achieve financial freedom through real estate. Whether you're just starting out or looking to refine your investment approach, Paul's expertise will provide the guidance and inspiration you need. Chapters: 00:00:00 - Real Estate Syndications: Your Ticket to Passive Income 00:00:39 - Kicking Off the Better Than Rich Show 00:00:54 - Meet Paul Thompson: Master of Real Estate Investments 00:01:35 - Insider Tips: Real Estate Hacks You Need to Know 00:03:09 - Strategies to Maximize Passive Income 00:04:42 - Crowdfunding and Syndications: Get in the Game 00:06:26 - Personal Stories: Paul's Own Investment Experiences 00:08:00 - Boosting Returns and Managing Risks in Real Estate 00:12:45 - The Risks of Reaching for High Returns 00:15:48 - The BRRRR Method: A Step-by-Step Guide 00:18:30 - Breaking Down the BRRRR Method with Real Numbers 00:21:45 - Scaling Up: Transitioning from Single Family to Multifamily 00:25:18 - Trust Issues? How to Delegate in Real Estate 00:26:16 - Active or Passive? Making the Right Investment Choice 00:28:25 - Real Estate Market Evaluation: Key Criteria 00:33:25 - Seller Financing Explained: A Win-Win Strategy 00:37:58 - From Corporate Cubicle to Real Estate Freedom 00:38:29 - Final Thoughts and Must-Hear Advice Connect with Paul Here: Paul David Thompson Paul on LinkedIn Paul on Instagram Paul on YouTube The Wake Up Call Podcast Schedule Your Strategy Session with Paul BOOK RECOMMENDATIONS Simple Numbers, Straight Talk, Big Profits! by Greg Crabtree and Beverly Blair Harzog Profit First by Mike Michalowicz Connect with The Better Than Rich: Get Your Free Delegation Plan - Better Than Rich BTR Mini-Course Website Facebook Instagram Twitter TikTok --- Send in a voice message: https://podcasters.spotify.com/pod/show/betterthanrichshow/message
Are you struggling to understand where your law firm's money is going? It's no secret that many law firms face financial challenges, especially when it comes to managing their numbers effectively. Today, we have the pleasure of hosting Chelsea Williams, the Chief Financial Architect at Core Solutions Group Inc., to shed light on mastering law firm financial management. Chelsea has been in the legal industry for eight years and is known as a "money whisperer," helping law firms navigate the complexities of financial management and strategy. In this episode, you can expect to gain valuable insights into proactive money management, the role of a fractional CFO, and the importance of tracking marketing ROI for law firms. Join Gregg and Chelsea on the “Cut to the Chase: Podcast” as they discuss The role of a fractional CFO and its benefits for law firms The importance of proactive money management and how to set up a twelve-month money blueprint Common misconceptions in law firm financial planning and entity type selection The value of outsourcing bookkeeping and understanding the ROI from marketing efforts How to conduct a free financial analysis to identify areas for improvement Key Actionable Takeaways for Law Firms: Understand the nuances of financial management in the legal industry Consider the benefits of leveraging a fractional CFO for strategic financial planning Proactively set up cash management systems to ensure steady growth and profitability Learn how to maximize ROI from marketing efforts through proper tracking and analysis Seek opportunities for outsourcing bookkeeping to ensure accuracy and efficiency in financial reporting The resources mentioned in this episode are: Book Recommendation: “Profit First” by Mike Michalowicz Connect with our guest Chelsea Williams on LinkedIn Here: https://www.linkedin.com/in/chelseamwilliams-themoneywhisperer/ Get your free Law Firm Financial Analysis Here: https://www.yourcoresolution.com/financial-analysis Chelsea William's website: https://www.yourcoresolution.com/ As you embark on your law firm's financial journey, remember that understanding where your money is going is the first step towards achieving long-term stability and growth. To learn more about mass tort law cases and lawyer best practices, subscribe to the Cut to the Chase: Podcast with Gregg Goldfarb.
How can you make your group practice stand out in a crowded marketplace? In this episode, I dive into the importance of differentiation when it comes to marketing your practice and share my favorite insights from Mike Michalowicz's book, "Get Different". Small changes can make a big impact when it comes to marketing your practice. Here are the key takeaways from the episode that you won't want to skip: Why differentiation is crucial in a crowded marketplace The three key concepts to make sure you're including in your marketing How even small changes can set your practice apart from the competition Sharing my favorite successful marketing strategies for my group practice Don't miss out on the opportunity to make your group practice shine. Tune in to this episode and start implementing fresh and innovative marketing ideas today. Thanks for listening! Like what you heard? Give us 5 stars on whatever platform you're listening from. Need extra support? Join The Exchange, a membership community just for group practice owners on our website www.thegrouppracticeexchange.com/exchange. Talk to you next time! Resources mentioned in this episode: Get Different: Marketing That Can't Be Ignored! by Mike Michalowicz Connect with Maureen Werrbach & The Group Practice Exchange: Website Facebook Instagram LinkedIn This episode is sponsored by TherapyNotes. TherapyNotes is an EHR software that helps behavioral health professionals manage their practice with confidence and efficiency. I use TherapyNotes in my own group practice and love its amazing support team, billing features, and scheduling capabilities. It serves us well as a large group practice owner. Do you ever wish for a financial therapist who could relieve you from the last few months of bookkeeping, talk you off the edge when you're running into issues with Quickbooks, or help you work through a profit plan for growth? GreenOak Accounting does just that! GreenOak Accounting is an accounting firm that specializes in working with group practices. Their value goes WAY beyond bookkeeping; they can help you get on track for financial success. Schedule a free consultation by going to http://greenoakaccounting.com/tgpe
Are you having any fun in your work life? Creating space for play in your daily routine can elevate your work experience. Kendall Wallace knows a thing or two about play. She creates authentic travel adventure retreats for solopreneurs. Her work is designing play for others. Join me for this fun-filled interview with Kendall. Learn how to add fun to your life by turning the mundane into an adventure. You will want to hear this episode if you are interested in... What Kendall does now [1:22] Kendall's favorite place and scariest experience [7:21] How to insert play into the daily grind [12:58] The money questions [22:30] How to connect with Kendall [28:55] Resources & People Mentioned BOOK - Shoe Dog by Phil Knight BOOK - Soul of Money by Lynne Twist Mint BOOK - Profit First by Mike Michalowicz Connect with Kendall Wallace Authentic Travel Adventures Kendall's email: kendall@authentictraveladventures.com ATA on Instagram: @authentictraveladventures Kendall on Instagram @kendallwallace123 Connect With Gabe Nelson BOOK – The Solopreneur's Money Manifesto by Gabe Nelson www.GabeNelsonFinancial.com/contact FREE Downloadable Resources at https://www.gabenelsonfinancial.com/resources/ EMAIL: Gabe (at) GabeNelsonFinancial.com Follow Gabe on LinkedIn Follow Gabe on Twitter: @GabeNelsonCFP Follow Gabe on Facebook Follow Gabe on Instagram: @GabeNelsonCFP Subscribe to Solopreneur Money Audio Production and Show notes by PODCAST FAST TRACK https://www.podcastfasttrack.com
What if, rather than you serving your business, your business served you? What if you could turn a profit from your very next deposit? And what if you had the power to guarantee that profitability? In this week's episode of the Let's Talk Business podcast, serial entrepreneur and bestselling author Mike Michalowicz shares his simple cash-management solution that helps businesses break the day-to-day struggle for survival and become permanently profitable immediately—no matter their size, industry, or how much debt they carry. If you're ready to transform your business from a cash-eating monster to a money-making machine, check out Mike's interview below! [00:01 - 07:05] Opening Segment • Mike introduces Profit First, a system that teaches leaders and entrepreneurs how to profit first • How to overcome financial struggles and understand the profit-first methodology • A listener saved $32,000 in an account after hearing Mike's advice • Mike had success from the outside, but his businesses were never profitable, and he lost all his wealth [07:06 - 13:29] The Profit First Formula: Learn How to Take Profit Without Sacrificing Your Expenses • It's essential to share the struggles of entrepreneurship and not paint a rosy picture The ego needs to be checked to succeed • The Profit First Formula and how it flips the traditional formula of sales minus expenses equals profit • If a business cannot pay its bills, it is telling them that something needs to be fixed [13:30 - 19:47] Uncovering the Benefits of Profit First • How taking your profits first can help your business succeed • Take a portion of the profit first, use it to reward shareholders, and build cash equity • Working harder is not the solution; working smarter is key • The simplest solution is often the right one. [19:48 - 25:56] Achieving Financial Growth & Stability Through Niche Specialization • Business owners can double their profits by increasing pricing by 20% • Businesses that take their profit first grow faster than their competition and become more selective about what they spend • Reverse engineer niche specialization to outpace competitors in growth Pay for vacations with cash from vacation account to stay within budget [25:57 - 31:11] Closing Segment • For personal budgeting, set multiple accounts for intended use and divide money into different outcomes • Mike on the rapid-fire questions Want to connect with Mike? Follow him on LinkedIn and Instagram. Visit his website to make your journey simple! Key Quotes: “Entrepreneurship's not easy, but to make the elements simpler is my mission.” - Mike Michalowicz “As a small business owner, we all need to realize we are shareholders in our own business.” - Mike Michalowicz “You can't wait to be profitable to make profit. You have to start making profit today.” - Mike Michalowicz “We have to realize that our business and our personal lives are intertwined. They are not separate. So we have a big dependency on our business and its income and profitability to support our lifestyle. “ - Mike Michalowicz Connect with Ptex Group: Facebook, Instagram, Twitter, LinkedIn LEAVE A REVIEW + and SHARE this episode with someone who wants to achieve in business. Listen to previous episodes on Spotify, Apple Podcasts, or wherever you get your podcasts!
We LOVE to honor business owners who are committed and dedicated to the mission of becoming a great place to work. To be honored with a Great Place to Work Spotlight, a business owner must complete our How to Hire the Best course and use that training to become a good leader and an employer of choice in their field. They learn strategies that focus significant attention on creating workplaces where A-players want to work. Today's spotlight shines on Michael Watts of Bel Air Construction. I believe his story will inspire you with what's possible and help you know that you can take similar small steps forward with intention and strategy. Join us for Michael's story! Michael Watts is the owner of Bel Air Construction, and he's the fourth generation of construction workers in the Watts family, dating back over 100 years. Michael loves what he does, and at age 65, he says he has “the energy of a four-year-old and the endurance of a marathon runner.” At Bel Air Construction (BAC), they do much more than renovate homes because they transform the lives of families by improving their spaces. Michael has personally met with over 80,000 people to discuss their home transformations. We have a lot to learn from Michael! Profit by Design is a Tap the Potential Production Production. Show Highlights: How BAC found themselves in serious trouble as a business in 2017, being over $1 million in debt How Michael turned to new strategies and a new focus on building leaders through learning from experts Michael's words of wisdom about a “Go big or go home” mentality What Michael identifies as his favorite core values at BAC How to best handle mistakes with accountability and learning Michael's key lessons learned from his many years in business Why it's difficult for driven business owners to ask for help and tap into expert advice Why Michael signed up for the How to Hire the Best course and what he has learned An example of a powerful question to ask in hiring team members What Michael identifies as key strengths and qualities to look for in hiring What BAC is doing to make it a great place to work for A-players How Michael is creating a sustainable business with job security for his team What surprised Michael the most about the How to Hire the Best course How BAC is different than its competitors in the construction industry Links and Resources: Connect with Michael and Bel Air Construction: Website Book mentioned: Profit First by Mike Michalowicz Connect with Take the Better Business, Better Life Assessment: www.tapthepotential.com/assessment Join the Tap the Potential Community on Mighty Networks: www.tapthepotential.com Let us help you and your business! Book a call with us today! Learn more about our Breakthroughs Retreat scheduled for March 2024! Let us help you manage your time, your most valuable resource! Get your FREE copy of the Tap the Potential Strategic Planner for 2023 at www.tapthepotential.com/planner. Download Dr. Sabrina's Introductory Training: How to Make Your Time Worth $10,000 an Hour
As a solopreneur, the search for balance and contentment can feel a bit like searching for a unicorn. However, this doesn't have to be the case. Gordon Brewer knows quite a bit about being a solopreneur as a licensed therapist and practice consultant. But what's more, Gordon knows what it takes to find balance while juggling multiple businesses and responsibilities. On this episode of Solopreneur Money, he'll teach us how we can find balance and contentment as solopreneurs. You will want to hear this episode if you are interested in... Gordon's story [1:22] What it was like living in a funeral home as a young person [5:49] Being a solopreneur and a caregiver for a disabled family member [14:38] How to find balance while being a solopreneur and caregiver [16:01] The money questions [28:35] Resources & People Mentioned Full Focus Planner BOOK - Man's Search for Meaning by Viktor Frankl BOOK - Profit First by Mike Michalowicz Connect with Gordon Brewer Gordon on LinkedIn Practice of Therapy podcast The Kindness and Compassion podcast The PsychCraft network Connect With Gabe Nelson BOOK – The Solopreneur's Money Manifesto by Gabe Nelson www.GabeNelsonFinancial.com/contact FREE Downloadable Resources at https://www.gabenelsonfinancial.com/resources/ EMAIL: Gabe (at) GabeNelsonFinancial.com Follow Gabe on LinkedIn Follow Gabe on Twitter: @GabeNelsonCFP Follow Gabe on Facebook Follow Gabe on Instagram: @GabeNelsonCFP Subscribe to Solopreneur Money Audio Production and Show notes by PODCAST FAST TRACK https://www.podcastfasttrack.com
Taking Control of Your Financial Future for You and Your Business Mark Willis is a man on a mission to help you think differently about your money, your economy and your future. After graduating with six figures of student loan debt and discovering a way to turn his debt into real wealth as he watched everybody lose their retirement savings and home equity in 2008, he knew that he needed to find a more predictable way to meet his financial objectives and those of his clients. Mark is a CERTIFIED FINANCIAL PLANNER, a THREE TIME #1 Best Selling Author, the Owner of Lake Growth Financial Services, a financial firm in Chicago, Illinois and co-host of the Not Your Average Financial Podcast. Over the years, he has helped hundreds of his clients take back control of their financial future and build their businesses with proven, tax-efficient financial solutions unknown to most financial gurus. He has become known as “Not Your Average Financial Planner!” What problem do you solve? The greatest financial challenge facing every business owner and American – Banking. Show Notes: It's important to think about what you want your money to do for you or else everyone else will tell your money what to do (i.e. McDonald's, Apple, Netflix). Build your wish list then make a plan. The “Arrival Syndrome” is the worst virus that has effected humans. It is the thought that you have arrived at the best of what you can do. The biggest problem you have in business are silent partners – Uncle Sam and The Bank. The Bank – Debt is one of the oldest institutions in human history. The bank can suck profits off our back. Uncle Sam – As a business owner, the the tax bill is the largest expense over your lifetime. To make sure your minimize your tax bill, make sure your money isn't taxed in retirement. Money We want it to be liquid. We want it to be tax-advantaged. We want it to a passive income in retirement. We want it to be a source of money we can use like a bank for ourselves. The bank on yourself strategy helps minimize your bank bill and your tax bill. This is done through life insurance policies. *** You must do this with the advice of a certified financial planner. The founders of JCPenney, Disney and McDonalds have used this method. We haven't heard about this because banks and WallStreet don't want us to know about this. The policy has to be designed a certain way to be able to do this. Mark's Podcast: Not Your Average Financial Podcast Mark Willis' Best Small Business Tip Mark recommends checking out the Profit First method. (Check out the book, Profit First, by Mike Michalowicz) Connect with Mark: Website: lakegrowth.com/ Schedule with Mark: lakegrowth.com/schedule/ YouTube LinkedIn Twitter Instagram
Money can be a topic that many business owners avoid talking about or even thinking about, which means that often we put off paying ourselves. Today I'm joined by Amanda Neely of Grandma's Wealth Wisdom to talk about how you can make sure that you're benefiting financially in your business. We discuss how you know if you need to pivot your approach to money, why it's important to bring femininity into the money conversation, and what women who are starting a business need to know about money. We talk about the “Bank On Yourself” concept and how you can put yourself first when it comes to finances in your business. Topics Discussed: Why money is such a taboo topic and why so many business owners put off paying themselves Knowing if you need to pivot the way you approach money in your business How to bring femininity into a conversation about money and why is so important The top things any woman thinking of starting a business should know about money What it looks like for an entrepreneur to use the Bank On Yourself concept The STILL Method and how it helps business owners Resources Discussed: The Bank on Yourself Revolution by Pamela Yellen Profit First by Mike Michalowicz Connect with Amanda: Amanda Neely is a small business and financial professional. She founded and ran Overflow Coffee Bar, L3C from 2008 through 2018. Now, she shares her experiential knowledge through podcasting and through developing personalized financial strategies for individuals and couples and profitability strategies for businesses. Her goal is to work with people to take charge of their cash flow, leverage their assets, and increase their profitability in ways that would make their grandma proud. Website Instagram Facebook LinkedIn YouTube The Still Method Checklist
In today's episode of Alison Answers: Mission Awake, Alison shares the 5 things that she wishes she knew 20 years ago, that she knows now. We may not think about it, but our choices all have a compounding effect, and everything that we do each and every day, has the power to change the trajectory of our lives. We have to stop telling ourselves that we will make positive changes later, because the time is now, and there is so much power in taking charge of your life right now. Alison dives into the fact that we become addicted to the feelings that we feel the most, and our bodies and mind will keep pulling us back to these feelings that we have become addicted to. It is our responsibility to ourselves to learn to rewire our brain and take charge of every day of our lives. Our thoughts hold a tremendous amount of power, and it's time we all learn not to let our emotions dictate our life.Key highlights:What Alison wishes she knew 20 years ago, and wants you to know nowWhat "profit first" means to AlisonTips for creating the thoughts of your day and taking charge of your dayHow we are addicted to our feelings and we have to rewire our brainHow our thoughts dictate our lifeWe need to be in charge of our bodies and minds instead of being dictated by itAlison shares that her book is coming out very soonWe have the power to change our outcomesEpisode resources:Book: Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine by Mike Michalowicz Connect with Alison:Instagram: @alisonanswers | @lagercounselingWebsite: LagerCounseling.comYouTube: Alison AnswersFacebook: Alison Lager Lcsw Casac
David Richter is an active real estate investor who has been essential in closing over 850 deals which include wholesale, turnkey, brrrr, owner finance, rentals, lease options, and any other exit strategy you can think of. While growing and building a real estate business from 5 deals a month to over 25 deals a month, he realized that as much money was coming in, it was going right out. With the unique opportunity of being in every seat as a real estate investor, he found a calling to the company's finance seat to help them see where their money was really going. David has helped real estate companies completely turn around from going out of business to building cash reserves through his profit advising company Simple CFO Solutions, LLC. His goal in life is to completely transform the Real Estate Investing industry when it comes to how real estate investors view their finances and – bring them true financial clarity and freedom. David joins me today to discuss the Profit First method of managing your business, by making sure that you pay your profits first. David breaks down some of the initial steps of Profit First and shows why everyone needs to have a basic budget set up in their business. He explains the psychological aspect of taking money from your business, and how most people feel guilty when they should acknowledge that it is healthy to have a stable pay-out. "You have to be healthy as a business owner. You have to gain the benefits from the business-your business. You did not start to be a caffeine monster and did not start it to have the expenses go crazy." –David Richter “If I'm going to be doing the work and I'm going to, you know, put my sweat, blood, and tears are being put into this at the beginning to build this, I need to be taken care of to make sure that when, you know if the wind gets taken out of the sails, but I can be taken care of.” – David Richter "Some people feel guilty, they feel guilty for taking money out and saying like, ‘Oh no, I shouldn't take money out of my business.' Right. That's like taboo. Like I need to make sure I use every dollar for, you know, to grow this thing and know, it's like, you need to make sure that you are healthy." – David Richter "So many people will come into this, this industry trying to obtain freedom and trying to make money only to build a prison.” – David Richter This week on Fliptalk: How David got started in real estate, and why he felt compelled to work with financing The Profit First Philosophy and how it's relevant to your business Why a healthy business mindset helps motivate you to care for your people The psychological effects of taking money out of your business and what makes you feel guilty How David's business helps change real estate investor's lives through financial mastery The benefits of being in an effective MasterMind Group Why you need 3 bank accounts to help you manage your money Resources Mentioned: Email Don with the Subject “MasterMind” to get information about his MasterMind Book: Profit First, by Mike Michalowicz Connect with David Richter: Simple CFO Solutions Profit First for Real Estate Investors Profit First REI Podcast Rate, Review, Learn and Share Thanks for tuning into the FlipTalk podcast! If you enjoyed this episode and want to learn even more about what it takes to build a 7-figure real estate business, head over to iTunes and subscribe to the show. Don't forget to tune into our other show: FlipTalk's Rookie PlayBook and share your favorite episodes on social media to help other new investors learn what it takes to grow a successful business in the real estate investing industry. Join the community of FlipTalk fans on Facebook, YouTube, and visit our website for even more content, information, and resources about real estate investing.
David Richter is an active real estate investor who has been essential in closing over 850 deals which include wholesale, turnkey, brrrr, owner finance, rentals, lease options, and any other exit strategy you can think of. While growing and building a real estate business from 5 deals a month to over 25 deals a month, he realized that as much money was coming in, it was going right out. With the unique opportunity of being in every seat as a real estate investor, he found a calling to the company's finance seat to help them see where their money was really going. David has helped real estate companies completely turn around from going out of business to building cash reserves through his profit advising company Simple CFO Solutions, LLC. His goal in life is to completely transform the Real Estate Investing industry when it comes to how real estate investors view their finances and – bring them true financial clarity and freedom. David joins me today to discuss the Profit First method of managing your business, by making sure that you pay your profits first. David breaks down some of the initial steps of Profit First and shows why everyone needs to have a basic budget set up in their business. He explains the psychological aspect of taking money from your business, and how most people feel guilty when they should acknowledge that it is healthy to have a stable pay-out. "You have to be healthy as a business owner. You have to gain the benefits from the business-your business. You did not start to be a caffeine monster and did not start it to have the expenses go crazy." –David Richter “If I'm going to be doing the work and I'm going to, you know, put my sweat, blood, and tears are being put into this at the beginning to build this, I need to be taken care of to make sure that when, you know if the wind gets taken out of the sails, but I can be taken care of.” – David Richter "Some people feel guilty, they feel guilty for taking money out and saying like, ‘Oh no, I shouldn't take money out of my business.' Right. That's like taboo. Like I need to make sure I use every dollar for, you know, to grow this thing and know, it's like, you need to make sure that you are healthy." – David Richter "So many people will come into this, this industry trying to obtain freedom and trying to make money only to build a prison.” – David Richter This week on Fliptalk: How David got started in real estate, and why he felt compelled to work with financing The Profit First Philosophy and how it's relevant to your business Why a healthy business mindset helps motivate you to care for your people The psychological effects of taking money out of your business and what makes you feel guilty How David's business helps change real estate investor's lives through financial mastery The benefits of being in an effective MasterMind Group Why you need 3 bank accounts to help you manage your money Resources Mentioned: Email Don with the Subject “MasterMind” to get information about his MasterMind Book: Profit First, by Mike Michalowicz Connect with David Richter: Simple CFO Solutions Profit First for Real Estate Investors Profit First REI Podcast Rate, Review, Learn and Share Thanks for tuning into the FlipTalk podcast! If you enjoyed this episode and want to learn even more about what it takes to build a 7-figure real estate business, head over to iTunes and subscribe to the show. Don't forget to tune into our other show: FlipTalk's Rookie PlayBook and share your favorite episodes on social media to help other new investors learn what it takes to grow a successful business in the real estate investing industry. Join the community of FlipTalk fans on Facebook, YouTube, and visit our website for even more content, information, and resources about real estate investing.
Mike Michalowicz is an author, speaker, and the founder of Profit First Professionals. He works with small business owners and financial professionals to help them differentiate themselves in the market and attract more customers. Mike has written many business books, including Profit First, The Toilet Paper Entrepreneur, and The Pumpkin Plan. His latest book, Get Different, lays out a simple system for creating marketing strategies that get noticed and get results. John Lawson is a best-selling author and the CEO of ColderICE Media, helping small businesses with online sales and marketing. He has sold millions of dollars of e-commerce merchandise, reaching the status of a top-rated Amazon Merchant, Platinum eBay PowerSeller, and Small Business Influencer of the Year. John is a regular speaker on e-commerce and social media marketing and is recognized as one of The 50 Most Influential People in SMB Marketing. In today's episode, Mike and John share their extensive expertise in marketing and e-commerce. They share why the pandemic has caused a small boom in business startups and why chasing the latest social media trends is ineffective. They reveal how to identify and connect to the perfect client and the critical decisions to make for marketing. Mike also shares the three crucial elements of effective marketing, and John reveals the common mistakes people make regarding their selling platform advertising. “‘Different' gets noticed. Don't be better, because the customer won't see that—pursue ‘different.'” - Mike Michalowicz This week on SmallBizChat Podcast: Resources Mentioned: Connect with Mike Michalowicz: Connect with John Lawson: Let's End Small Business Failure - Together! Thanks for tuning into this week's episode of the SmallBizChat Podcast - the show on a mission to improve small business success. If you enjoyed this episode, head over to Apple Podcasts, subscribe to the show, and leave us a rating and review. Help us spread the word and end small business failure by sharing your favorite episodes with your friends and colleagues on social media. Visit our website or follow us on Facebook, Twitter, LinkedIn, Instagram, or YouTube for more great content, tips, and strategies to improve your small business.See omnystudio.com/listener for privacy information.
In this episode, I speak with Sarah Moon, the founder & strategist at Sarah Moon & Co, a boutique website design and business strategy studio based in beautiful Portland in Oregon. We talk a lot about how marketing and pricing your services go hand in hand, because ultimately how your packages are structured and packaged impact your revenue and marketing plan. We talk about: The biggest stressors when it comes to pricing Different types of pricing models The core differences between intensives and retainers The challenge with only billing hourly Resources mentioned in this episode: Create Your First Productized Service Read: The Pumpkin Plan by Mike Michalowicz Connect with Sarah here: Instagram Facebook www.sarahmoon.net Connect with me Instagram Pinterest Facebook Twitter Karin on Twitter Karin on LinkedIn Conroy Creative Counsel on Facebook https://conroycreativecounsel.com
Kate Harris is a business strategist and brand builder from sunny Brisbane, Australia. She helps to get people over their limiting beliefs in order to scale their businesses to the next level. We dive deep into the beliefs we both hold and how we've been conditioned to think that hard work will lead to success. Spoiler alert: it does not. Kate shares with us how she knew it was time to transition out of her corporate role and into her own business. She also takes us back in time to some of the business lessons her parents taught her at a young age. If you're feeling burnt out at work, a tug on your heart to try something new, or you're wondering if you're getting in your own way, take a listen to Kate in this episode, my friend. It's packed with sage advice for those of us who are overachievers, hard-workers, and go-getters. TOPICS EXPLORED IN THIS EPISODE: Limitations that hold us back [ 2:50 ] The hard work fallacy [ 5:42 ] The overachiever's guide to burnout [ 7:13 ] The outward trapping of success [ 10:43 ] Kate's realization about her management [ 13:13 ] When Kate decided to transition out of corporate [ 17:55 ] Business lessons from parents [ 23:13 ] Kate's Quotable: When you start working longer hours, you give up self-care and things that bring you joy and inspiration. I was an otherwise intelligent woman except for the fact that sometimes I don't listen to my own advice. ========== Books mentioned: Effortless: Making It Easier to Do What Matters Most by Greg McKeown Stop Checking Your Likes by Susie Moore Big Magic: Creative Living Beyond Fear by Elizabeth Gilbert The Psychology of Money by Morgan Housel Profit First by Mike Michalowicz ========== Connect with Kate: Website: https://kateharris.mykajabi.com Instagram: @kateharris.co ========== Connect with Kattie: Online: www.kattiethorndyke.com Instagram: @kattiethorndyke LinkedIn: @kattiethorndyke
Is there a bottleneck in your company? Is that bottleneck you? Jaime Jay from Bottleneck Distant Assistants joins me on this bonus episode of the Building Your Band series to discuss how you can clear that bottleneck and get your business flowing the way it should. Listen in to this solopreneur podcast to hear how you can optimize your systems so that anyone can take the reins. You will want to hear this episode if you are interested in... How did Bottleneck Distant Assistant come about? [3:32] What challenges did he face? [7:40] How did he have the foresight to document his own systems? [11:55] How can people utilize Bottleneck Distant Assistants? [14:39] How does the time difference come into play? [25:41] What about privacy concerns?[30:24] The money questions [35:06] About Jaime’s book [39:52] What is Bottleneck Distant Assistants? Bottleneck Distant Assistants is a team of remote-based professionals based in the Philippines. Jaime Jay has been working with distant assistants in the Philippines since 2006. When he discovered how well his own team of Filipino assistants worked with him he knew that other business owners could benefit from their services. Bottleneck Distant Assistants help business owners stop doing the wrong thing so they can focus on doing their best work. They do this by delegating those tasks that they don’t love. Bottleneck Distant Assistants can find someone that thrives on doing those things that you avoid doing. Do something like it is the last time you are ever going to do it Even before Jaime is ready to hire someone to complete a task he documents everything he does along the way step by step. Jaime not only takes a video of himself doing the task, but he enhances it with screenshots and written instructions. This has helped him to realize the tasks he enjoys and doesn’t enjoy. His motto is--Do something like it is the last time you are ever going to do it. Listen in to hear an amazing tip he shares to ensure that your team truly understands the task they’ve been given. How can people utilize Bottleneck Distant Assistants? Bottleneck Distant Assistants go above and beyond what a traditional virtual assistant does. Since they are not transactional-based the way that many VAs are, the distant assistants acquire an in-depth knowledge of your business. Another thing that sets Bottleneck Distant Assistants apart from VAs is that they provide their clients a specially crafted workflow guide that is broken down step by step. Listen in to hear how that can benefit your solopreneur business. Jaime has been doing this for such a long time that he has so much to teach us. You won’t want to miss this bonus interview--the last one in the Building Your Band series. Resources & People Mentioned BOOK - Profit First by Mike Michalowicz Connect with Jaime Jay Bottleneck.Online Email: info@bottleneck.online Bottleneck Distant Assistants on Instagram Bottleneck Distant Assistants on Twitter Bottleneck Distant Assistants on Facebook Bottleneck Distant Assistants on LinkedIn Bottleneck Distant Assistants on YouTube Jaime Jay on LinkedIn Connect With Gabe Nelson www.GabeNelsonFinancial.com/contact FREE Downloadable Resources at https://www.gabenelsonfinancial.com/resources/ EMAIL: Gabe (at) GabeNelsonFinancial.com Follow Gabe on LinkedIn Follow Gabe on Twitter: @GabeNelsonCFP Follow Gabe on Facebook Follow Gabe on Instagram: @GabeNelsonCFP Subscribe to Solopreneur Money Audio Production and Show notes by PODCAST FAST TRACK https://www.podcastfasttrack.com
David Richter is an active real estate investor who has been essential in closing over 850 deals which include wholesale, turnkey, brrrr, owner finance, rentals, lease options, and any other exit strategy you can think of. While growing and building a real estate business from 5 deals a month to over 25 deals a month, he realized that as much money was coming in, it was going right out. With the unique opportunity of being in every seat as a real estate investor, he found a calling to the company's finance seat to help them see where their money was really going. David has helped real estate companies completely turn around from going out of business to building cash reserves through his profit advising company Simple CFO Solutions, LLC. His goal in life is to completely transform the Real Estate Investing industry when it comes to how real estate investors view their finances and – bring them true financial clarity and freedom. David joins me today to discuss the Profit First method of managing your business, by making sure that you pay your profits first. David breaks down some of the initial steps of Profit First and shows why everyone needs to have a basic budget set up in their business. He explains the psychological aspect of taking money from your business, and how most people feel guilty when they should acknowledge that it is healthy to have a stable pay-out. "You have to be healthy as a business owner. You have to gain the benefits from the business-your business. You did not start to be a caffeine monster and did not start it to have the expenses go crazy." –David Richter “If I'm going to be doing the work and I'm going to, you know, put my sweat, blood, and tears are being put into this at the beginning to build this, I need to be taken care of to make sure that when, you know if the wind gets taken out of the sails, but I can be taken care of.” – David Richter "Some people feel guilty, they feel guilty for taking money out and saying like, ‘Oh no, I shouldn't take money out of my business.' Right. That's like taboo. Like I need to make sure I use every dollar for, you know, to grow this thing and know, it's like, you need to make sure that you are healthy." – David Richter "So many people will come into this, this industry trying to obtain freedom and trying to make money only to build a prison.” – David Richter This week on Fliptalk: How David got started in real estate, and why he felt compelled to work with financing The Profit First Philosophy and how it's relevant to your business Why a healthy business mindset helps motivate you to care for your people The psychological effects of taking money out of your business and what makes you feel guilty How David's business helps change real estate investor's lives through financial mastery The benefits of being in an effective MasterMind Group Why you need 3 bank accounts to help you manage your money Resources Mentioned: Email Don with the Subject “MasterMind” to get information about his MasterMind Book: Profit First, by Mike Michalowicz Connect with David Richter: Simple CFO Solutions Profit First for Real Estate Investors Profit First REI Podcast Rate, Review, Learn and Share Thanks for tuning into the FlipTalk podcast! If you enjoyed this episode and want to learn even more about what it takes to build a 7-figure real estate business, head over to iTunes and subscribe to the show. Don't forget to tune into our other show: FlipTalk's Rookie PlayBook and share your favorite episodes on social media to help other new investors learn what it takes to grow a successful business in the real estate investing industry. Join the community of FlipTalk fans on Facebook, YouTube, and visit our website for even more content, information, and resources about real estate investing.
David Richter is an active real estate investor who has been essential in closing over 850 deals which include wholesale, turnkey, brrrr, owner finance, rentals, lease options, and any other exit strategy you can think of. While growing and building a real estate business from 5 deals a month to over 25 deals a month, he realized that as much money was coming in, it was going right out. With the unique opportunity of being in every seat as a real estate investor, he found a calling to the company's finance seat to help them see where their money was really going. David has helped real estate companies completely turn around from going out of business to building cash reserves through his profit advising company Simple CFO Solutions, LLC. His goal in life is to completely transform the Real Estate Investing industry when it comes to how real estate investors view their finances and – bring them true financial clarity and freedom. David joins me today to discuss the Profit First method of managing your business, by making sure that you pay your profits first. David breaks down some of the initial steps of Profit First and shows why everyone needs to have a basic budget set up in their business. He explains the psychological aspect of taking money from your business, and how most people feel guilty when they should acknowledge that it is healthy to have a stable pay-out. "You have to be healthy as a business owner. You have to gain the benefits from the business-your business. You did not start to be a caffeine monster and did not start it to have the expenses go crazy." –David Richter “If I'm going to be doing the work and I'm going to, you know, put my sweat, blood, and tears are being put into this at the beginning to build this, I need to be taken care of to make sure that when, you know if the wind gets taken out of the sails, but I can be taken care of.” – David Richter "Some people feel guilty, they feel guilty for taking money out and saying like, ‘Oh no, I shouldn't take money out of my business.' Right. That's like taboo. Like I need to make sure I use every dollar for, you know, to grow this thing and know, it's like, you need to make sure that you are healthy." – David Richter "So many people will come into this, this industry trying to obtain freedom and trying to make money only to build a prison.” – David Richter This week on Fliptalk: How David got started in real estate, and why he felt compelled to work with financing The Profit First Philosophy and how it's relevant to your business Why a healthy business mindset helps motivate you to care for your people The psychological effects of taking money out of your business and what makes you feel guilty How David's business helps change real estate investor's lives through financial mastery The benefits of being in an effective MasterMind Group Why you need 3 bank accounts to help you manage your money Resources Mentioned: Email Don with the Subject “MasterMind” to get information about his MasterMind Book: Profit First, by Mike Michalowicz Connect with David Richter: Simple CFO Solutions Profit First for Real Estate Investors Profit First REI Podcast Rate, Review, Learn and Share Thanks for tuning into the FlipTalk podcast! If you enjoyed this episode and want to learn even more about what it takes to build a 7-figure real estate business, head over to iTunes and subscribe to the show. Don't forget to tune into our other show: FlipTalk's Rookie PlayBook and share your favorite episodes on social media to help other new investors learn what it takes to grow a successful business in the real estate investing industry. Join the community of FlipTalk fans on Facebook, YouTube, and visit our website for even more content, information, and resources about real estate investing.
We've said it before, and we'll say it again: risk comes hand-in-hand with business. The same is certainly true for any Amazon business. But while the struggle is real, knowing your numbers and managing your cash flow can help you protect your profit and stay in business - especially in times of a global health crisis. Cyndi Thomason is the President of Bookskeep, a virtual company that provides accounting services to e-commerce businesses worldwide. Cyndi is an Ecommerce specialist who's driven by her passion for helping small businesses make sense of their numbers and understand their cash flow. She is a speaker and educator, and her book, Profit First for Ecommerce Sellers, reflects her mission and desire to support small businesses. Cyndi joins me today to discuss how Amazon business owners can better manage their cashflow. She explains how understanding cash flow can help businesses weather crises like the COVID-19 pandemic. She illustrates the Business Crisis Trend and its different stages, as well as underscores the importance of setting aside a rainy day fund. She also defines the “profit first” strategy and reveals how you can recession-proof your Amazon business. “If every business were ‘profit first,' they would have the cash reserves to get through whatever rainy day it is.” - Cyndi Thomason This week on the Amazon Files: Why Cyndi started Bookskeep and what services they provide The impact of COVID-19 on Ecommerce Mike Michalowicz's Business Crisis Trend and its different stages How to prepare for the economy's resurgence The 13-week cash flow plan for Ecommerce sellers The importance of planning your money and setting aside an emergency fund for your business The benefits of creating a financial calendar How to recession-proof your Amazon business What the Profit-First strategy is and why you need to have different bank accounts for your business The “turn-and-burn” mentality in Ecommerce Why you shouldn't start your Amazon business on credit or loans The power of taking small, consistent steps in your business Resources Mentioned: Cash Flow Tool Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine by Mike Michalowicz Connect with Cyndi Thomason: Bookskeep Book: Profit First for Ecommerce Sellers Bookskeep on Facebook Bookskeep on LinkedIn Cyndi Thomason on LinkedIn Grow Your Amazon Business! Thanks for tuning into this week's episode of The Amazon Files, the show to help Amazon seller along their business journey one step at a time with Amazon expert and your host, Kristin Ostrander. If you enjoyed this episode, head over to iTunes, subscribe to the show and leave us your honest review. Don't forget to share your favorite episodes with your friends on social media! Use the codeword #ProfitFirst to join us on Facebook. Each week, Kristin hosts a live discussion on how to grow your Amazon business. Don't forget to check out our website and subscribe to our mailing list for even more resources.
Don Ross has a virtual real estate investing business but is currently looking to pivot and grow his business model in new ways. Don explains why he decided to offer his sellers more than one option when wholesaling doesn't work for them, how he onboards new talent, and why he specifically sought out and hired someone who had a business model he wanted to create in his business. Key Takeaways: How did Don Ross get started and what does his business look like today? Don is giving his sellers more than one option if wholesaling doesn't work for them. How does Don structure his team? How has the book Traction helped Don with his business? What kind of KPIs should you really be tracking? How does Don train his new team members? Don found someone who has a business model that he'd like to have and hired him as a coach. Why did Don decide to switch up his business model? Don discusses some of the biggest challenges he's faced so far. Take the time to make sure your business partner and you are compatible. Don shares some of his favorite books for entrepreneurs. The Flip Empire Inner Circle Want to close more deals and generate more revenue? Have questions you want to ask me? Interested in generating more leads, creating systems, automating your business, or just growing as an Entrepreneur? This isn't your typical coaching program that charges you b/w $5,000 - $50,000. This is a small community of experienced, like-minded, successful Real Estate Investors. Click To Apply, and let's talk! Mentioned in This Episode: FlipEmpire.com Flip Empire Private Facebook Group Flip Empire on iTunes Email Alex: Alex@FlipEmpire.com Interested in joining The Flip Empire Inner Circle (Small Group Consulting Program), apply here: Flipempire.com/application “Episode 154: Joe Evangelisti on TRACTION, and the Entrepreneurial Operating System (EOS)” Take the DISC Personality Test for Free Here Book Recommendations: Traction: Get a Grip on Your Business, by Gino Wickman Profit First: A Simple System to Transform Any Business from a Cash-Eating Monster to a Money-Making Machine, by Mike Michalowicz The Toilet Paper Entrepreneur: The tell-it-like-it-is guide to cleaning up in business, even if you are at the end of your roll, by Mike Michalowicz Connect with Don at www.REIAutomationSquad.com or via email: REIAutomationSquad@Gmail.com Tweetables: “Use your KPIs to know on a daily, weekly, and monthly basis what you need to be doing from a marketing perspective.” “Entrepreneurs wear these hats and they don't find a way to get that off their plate and on to the right person's plate.” “If you don't enjoy it, then what's the point?” Ask Alex A Question: Have a question you want featured on an upcoming Flip Empire Show? Head over to the Ask Alex page, and record your question. We've made it super easy for you, so let us know what challenges you are having, and Alex will answer it personally! Did you get your FREE Online Course? Text the word EMPIRE to 67076, and we'll send you a link to get instant access to the “5 Ways To Scale Your Real Estate Wholesaling Business To Six Figures (In 6 Months Or Less)” video module training course. Subscribe To The Flip Empire Show, and Leave a Rating & Review!
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