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On the Schmooze Podcast: Leadership | Strategic Networking | Relationship Building
What happens when a business book doesn't just share advice but reshapes how entrepreneurs think about money, systems, and long-term growth? Today's guest has built a body of work that does exactly that. He's the author of multiple bestselling books that have become go-to resources for small business owners, including The Pumpkin Plan, Clockwork, Fix This Next, and Profit First, which has transformed how entrepreneurs manage cash flow by teaching them to pay themselves first and run more profitable businesses from day one. His latest book, The Money Habit, brings those same powerful principles to personal finance, helping readers take control of their money through habits that support clarity, confidence, and long-term peace of mind. With his signature mix of humor, clarity, and real-world insights, he turns complex business challenges into simple, actionable frameworks that help entrepreneurs stop surviving and start thriving. His books have been translated into dozens of languages and have inspired a global community of Profit First professionals, certified coaches, and devoted readers who credit his work with saving their businesses. Whether he's speaking from the stage, hosting the 4 Minute Money Maker TV show, writing his next book, or building his own companies, his mission stays the same—to eradicate entrepreneurial poverty. Please join me in welcoming Mike Michalowicz. In this episode, we discuss the following:
Stop Doing Everything Yourself: How AI and the 10-80-10 Rule Free Business Owners to Scale "What if the secret to scaling your business isn't working harder, but systematizing smarter and leading with more humanity? Today's guest has spent over 30 years doing exactly that, launching, building, buying, and selling businesses, raising more than $35 million in venture capital, leading organizations that generated billions in sales, and learning just as much from his failures as his wins. He's a finalist for the Ernst & Young Technology Entrepreneur of the Year Award, an Inc. 5000 Winner, a former Entrepreneur in Residence at Indiana University's Kelley School of Business, a Fast Company Executive Board Member, and the bestselling author of four books, including BOS-UP and BOS-UP Moments. Today, he serves as Founder and CEO of Straticos and BOS-UP, where he coaches business leaders, invests in companies, and sits on boards — helping teams build stronger systems, culture, and performance." Learning Insights The 10-80-10 Rule: Business owners should focus the initial 10% on innovation and business development, let AI and systems handle the middle 80% of routine operations, and spend the final 10% on human connection, coaching, and culture. Work-Life Harmony Over Balance: Balance is a static myth. Harmony is about integration, rhythm, and flow like music, where sometimes the treble is up, and the bass is down, or like Garrett's Chicago mix popcorn combining cheddar and caramel. The CLEAR Framework for Leadership: Collaborative, Logical, Empathetic, Authentic, and Resilient, a standard for leadership communication and decision-making during high-stress moments. Systematize the Predictable to Humanize the Exceptional: Quote from Isadore Sharp (Four Seasons founder), use systems to handle routine tasks so leaders can focus on high-value creative and relational work. AI as Co-Pilot, Not Replacement: "You, it, never it alone." AI is an aggregator and accelerator, but human validation must always be applied before anything goes out. Profit First Over Unicorn Status: Small businesses should seek free cash flow and stability rather than chasing unicorn status. Focus on leading indicators, not just lagging ones like bank balances. Coach You Up or Coach You Out: Leaders should invest in developing their people, but if there's persistent pushback or misalignment, move them out to maintain organizational health. Grace and Grit: The next generation should balance resilience and hard work (grit) with compassion and self-forgiveness (grace), using the hindsight of others as their foresight. The ABC Mantra: Be the Architect (designer), Builder (executor), and Custodian (protector) of your leadership, business, and life. Why This Conversation Matters This conversation bridges the gap between rigid engineering systems and human-centric leadership. Scott Abbott challenges the traditional "work-life balance" myth and offers a modern framework for integrating AI and systems into business without losing the human touch. What makes this unique is his perspective from both sides; he lived through the dot-com crash after raising $15 million, learned profit-first discipline at a $32 billion corporation, and now teaches entrepreneurs how to scale smarter. The deeper message is that true success comes from using systems to protect and amplify humanity, not replace it. By systematizing the predictable, leaders are freed to focus on what only they can do: innovate, connect, and build culture. This isn't just about building better businesses; it's about building better lives through harmony, intentionality, and the courage to leverage both grace and grit. Money Learning Scott's financial mindset evolved dramatically from his early entrepreneurial rebellion to systemic discipline. Growing up with an engineer father who emphasized rigor, spreadsheets, and mechanics, Scott initially rebelled, leading to "dumb" spending decisions during the dot-com era when he raised $15 million for an internet services company. The psychological toll of losing up to $500,000 a month forced him to "check his ego" and learn financial stewardship. His time at Avnet, a $32 billion company with thin 8% margins, taught him to be "banshees on profit" and prioritize free cash flow over unicorn dreams. He advocates the Profit First philosophy, focusing on leading indicators rather than lagging ones like bank balances. His key money lesson: discipline equals freedom. By implementing rigorous financial systems, entrepreneurs can move from "living in the mess" to achieving harmony where the business serves their life, not the other way around. Success isn't permanent and failure isn't fatal, but cash flow is king. Key Takeaway The most powerful insight from this conversation is that scaling your business isn't about doing more, it's about doing less of what doesn't matter so you can focus on what only you can do. Scott Abbott's 10-80-10 rule reveals that most business owners are trapped in the middle 80% of routine operations when they should be leveraging AI and systems to handle that work. By systematizing the predictable, you humanize the exceptional, freeing yourself to lead with empathy, authenticity, and resilience. Work-life balance is a myth that sets you up for failure; harmony is the reality that allows integration and flow. Whether you're just starting out or scaling to eight figures, the frameworks Scott shares, CLEAR leadership, profit-first mentality, and the ABC mantra of being an architect, builder, and custodian, provide a roadmap for building a business that doesn't consume your life but enhances it. Remember: leverage the hindsight of others as your foresight, embrace both grace and grit, and never let AI work alone, you, it, never it alone. Bio Scott Abbott is an architect, builder, and custodian of strong, resilient companies and leaders. With 30+ years of experience launching, operating, buying, and selling businesses, he has raised over $35M in venture capital, led organizations that generated billions in sales, served thousands of clients, and hired hundreds of employees, while learning just as much from his failures as his wins. He was a finalist for the E&Y Technology Entrepreneur of the Year Award, an Inc. 5000 Winner, a former Entrepreneur in Residence at the Indiana University Kelley School of Business, a Fast Company Executive Board Member, and the best-selling author of four books, including BOS-UP and BOS-UP Moments. Today, Scott serves as Founder & CEO of Straticos and BOS-UP, where he works as a business and executive coach, angel investor, and board member. He has advised hundreds of organizations and conducted thousands of coaching sessions, helping leaders and teams strengthen their systems, culture, and performance. At his core, Scott is passionate about helping good people and team-centric organizations leverage proven strategies, disciplines, and frameworks to lead better, operate smarter, and grow stronger in business, work, and life. Links Website: https://bos-up.coach/ LinkedIn: https://www.linkedin.com/in/scottabbottabc/ Instagram: https://www.instagram.com/scottabbottabc YouTube: https://www.youtube.com/@BOS-UPMoments/featured If this episode helped you see your business differently, we need your help spreading the word. Share this episode with a fellow entrepreneur who's stuck in the grind, text it to a leader who needs to hear about the 10-80-10 rule. #RicherSoul #BusinessPodcast #ScottAbbott #CLEARFramework #BusinessSystems #BosUp #AIinBusiness Watch the full episode on YouTube: https://www.youtube.com/@richersoul 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.
En este episodio hablamos de una trampa común en los dueños de negocio: vivir apagando incendios creyendo que eso es liderar. La urgencia constante puede hacerte sentir productivo, pero en realidad te aleja de la estrategia, el orden y el verdadero crecimiento. Descubrirás cómo pasar de reaccionar a liderar con claridad, sistemas y visión, para dejar atrás el caos operativo y construir una empresa más estable, predecible y enfocada en resultados. Agenda ahora mismo y toma acción inmediata en el crecimiento de tu empresa! Esta evaluación te hará saber si eres candidato para nuestra membresía, la cual te ayudara a implementar todas nuestras herramientas probadas en tiempo record de la mano de un coach certificado. Si tienes más de 10 colaboradores en tu empresa...¡Aprovecha esta extraordinaria oportunidad! AGENDA AQUÍ Descarga GRATIS en nuestra página web el libro "Estimado Emprendedor", una guía empresarial y espiritual / alta consciencia para lograr ser un emprendedor dueño de pequeña y mediana empresa exitoso y pleno: https://helpimentoring.com/ Si te está gustando el podcast te pido tu apoyo para suscribirte y dejar un buen review de (5 estrellitas), servirían mucho para que más emprendedores dueños de pequeñas/medianas empresas como tú puedan tener acceso. Sígueme en redes sociales para que me hagas tus comentarios sobre los episodios ¿qué te gustó?, ¿qué no te gustó?, ¿qué te llamó la atención?, para seguir ayudándote y seguir mejorando el podcast. INSTAGRAM: https://www.instagram.com/helpimentoring.com FACEBOOK: https://www.facebook.com/helpimentoring Aprovecha toda la ayuda que podemos darte en helpi Mentoring: 1. Con nuestros Master Class virtuales gratis. Por este medio y en Facebook podrás enterarte de los temas, días y horas. Hacemos 4 Master Class al mes. 2. Con nuestros Facebook Live gratis de Lunes a Jueves. https://www.facebook.com/helpimentoring 3. Con nuestro blog que publicamos en nuestra página de Internet: https://helpimentoring.com/blog/ En todos los formatos mencionados anteriormente compartimos herramientas exclusivas de nuestro programa que incluye muchas de las mejores herramientas y metodologías especializadas en pequeñas/medianas empresas a nivel mundial como EMyth (de Michael E. Gerber), Pumpkin Plan (de Mike Michalowicz), Profit First de Mike Michalowicz), Duct Tape Marketing (de Jhon Hantsch), etc. de diferentes áreas (operaciones, finanzas, Capital Humano, Marketing, Ventas, etc.). Mantente positivo y busca ayuda.
In this episode of the Grow A Small Business Podcast, host Troy Trewin interviews Phil Risher, founder of Phlash Consulting, shares how he transformed from charging $50 per hour as a consultant into building a $2M digital marketing consulting business serving home service companies. He explains how niching down, productizing services, and focusing on solving real customer problems helped drive consistent 20% annual growth. Phil also discusses the mindset shift from hustler to leader, hiring and building an 18-person remote team, and buying back his time to scale the business. The conversation dives into why content and AI-driven search are becoming critical for modern marketing. Phil also shares practical lessons on leadership, systems, and thinking bigger when building a successful business. Why would you wait any longer to start living the lifestyle you signed up for? Balance your health, wealth, relationships and business growth. And focus your time and energy and make the most of this year. Let's get into it by clicking here. Troy delves into our guest's startup journey, their perception of success, industry reconsideration, and the pivotal stress point during business expansion. They discuss the joys of small business growth, vital entrepreneurial habits, and strategies for team building, encompassing wins, blunders, and invaluable advice. And a snapshot of the final five Grow A Small Business Questions: What do you think is the hardest thing in growing a small business? According to Phil Risher, the hardest thing in growing a small business is balancing growth with building the right team. As more clients come in, business owners must hire and train employees quickly enough to maintain service quality, but hiring too early can create cash-flow pressure while hiring too late can overwhelm the team. This constant challenge of managing new client demand, onboarding capable team members, and keeping finances stable at the same time is one of the most difficult parts of scaling a small business. What's your favorite business book that has helped you the most? According to Phil Risher, the business book that helped him the most is Profit First by Mike Michalowicz. He says the book had a major impact on how he manages finances in his company because it teaches business owners to prioritize profit first instead of treating profit as what is left after expenses. The system helps entrepreneurs control spending, improve cash flow, and build a financially healthy business by allocating money into specific categories like profit, taxes, and operating expenses. He also highly recommends Buy Back Your Time by Dan Martell, which focuses on delegating tasks and buying back the founder's time so they can focus on leadership and scaling the business. Are there any great podcasts or online learning resources you'd recommend to help grow a small business? According to Phil Risher, some of the best resources for learning how to grow a small business are podcasts, YouTube, and books, especially content that teaches practical strategies. He specifically recommends learning from Alex Hormozi on YouTube because his videos break down business growth, marketing, and sales in a clear and practical way. Phil also emphasizes not relying on just one learning format—he suggests combining podcasts, books, and videos because different formats help you understand ideas better and apply them faster in your business. What tool or resource would you recommend to grow a small business? According to Phil Risher, two tools he strongly recommends for growing a small business are Asana and Slack. He explains that Asana helps business owners organize tasks, projects, and workflows so everything is tracked in one place instead of scattered across emails or spreadsheets, while Slack creates a centralized communication hub for teams to collaborate efficiently, especially as the company grows beyond a few employees. Together, these tools help improve productivity, transparency, and coordination within a growing team. What advice would you give yourself on day one of starting out in business? According to Phil Risher, the advice he would give himself on day one of starting a business is to think much bigger from the start. He explains that when he first began, he was focused on small goals like making $100,000, but over time he realized the opportunities were far larger than he imagined. His lesson is that entrepreneurs often limit themselves by thinking too small, while the real potential of a business can grow far beyond what they initially believe is possible. Book a 20-minute Growth Chat with Troy Trewin to see if you qualify for our upcoming course. Don't miss out on this opportunity to take your small business to new heights! Enjoyed the podcast? Please leave a review on iTunes or your preferred platform. Your feedback helps more small business owners discover our podcast and embark on their business growth journey. Quotable quotes from our special Grow A Small Business podcast guest: Success comes from taking information breaking it down and executing on it quickly - Phil Risher The biggest mistake entrepreneurs make is thinking too small about what their business can become - Phil Risher Stop chasing money and start solving real problems and the money will follow - Phil Risher
If your flip isn't profitable before you buy it, it won't magically become profitable later. In this episode, I break down one of the biggest mistakes real estate investors make—buying deals with margins that are simply too thin.I share lessons from my early days working in a high-volume real estate investing company where we were doing dozens of deals a month but still getting burned by projects that didn't have enough profitability built in. We talk about how to reverse-engineer your profit margin before you make the offer, how to account for the unexpected costs that always show up in flips, and why understanding where your profit will go after the deal closes is just as important as estimating it upfront.Timeline Highlights[0:00] Why flips must be profitable before you ever buy the deal[0:49] Lessons from doing 25 deals a month and still losing money[1:32] Why unexpected repairs destroy thin margins[1:57] The common formulas investors use to calculate flip offers[2:18] Why beginner investors need larger buffers in their deals[2:39] A real story of a first deal that became a losing deal[3:03] Why managing multiple flips increases risk[3:31] How reserves give you the confidence to walk away from bad deals[4:22] Using Profit First to allocate profits from each deal[5:20] Why turning failed flips into rentals can create long-term problems[6:16] Reverse engineering your profit goal before buying the deal[7:11] Why your minimum profit target may need to increase[8:12] Building a financial buffer before you even submit the offer[9:16] Taking control of your flip business instead of reacting to itKey TakeawaysA flip must be profitable on the front end—not hoped for on the back end.Thin margins leave no room for unexpected repairs or delays.New investors should prioritize larger profit buffers.Reserves give you the freedom to pass on risky deals.Reverse engineer your profit goals before making the offer.Profit should be allocated intentionally after every deal.Strong financial systems protect your business from bad deals.Links & ResourcesBook a free discovery call to build profitability systems into your real estate business: profitrei.comClosingThanks for spending time with me today. If this episode helped you rethink how you analyze flip deals, make sure to follow the show, leave a review, and share it with another investor who wants to build more profitable deals. And if you're ready to build systems that help you keep more of what you make with guidance and accountability, visit profitrei.com and book your free discovery call to start creating financial clarity and freedom.
En este episodio reflexionamos sobre una realidad que viven muchos dueños de negocio: si tu empresa depende completamente de ti, en realidad no eres libre. Cuando todo pasa por el dueño, el negocio puede crecer en ventas, pero también en estrés, carga de trabajo y dependencia. Hablamos de cómo empezar a profesionalizar, estandarizar y construir una empresa que funcione sin ti, para que tu negocio deje de ser una prisión operativa y se convierta en un verdadero vehículo de libertad, crecimiento y equilibrio en tu vida. Agenda ahora mismo y toma acción inmediata en el crecimiento de tu empresa! Esta evaluación te hará saber si eres candidato para nuestra membresía, la cual te ayudara a implementar todas nuestras herramientas probadas en tiempo record de la mano de un coach certificado. Si tienes más de 10 colaboradores en tu empresa...¡Aprovecha esta extraordinaria oportunidad! AGENDA AQUÍ Descarga GRATIS en nuestra página web el libro "Estimado Emprendedor", una guía empresarial y espiritual / alta consciencia para lograr ser un emprendedor dueño de pequeña y mediana empresa exitoso y pleno: https://helpimentoring.com/ Si te está gustando el podcast te pido tu apoyo para suscribirte y dejar un buen review de (5 estrellitas), servirían mucho para que más emprendedores dueños de pequeñas/medianas empresas como tú puedan tener acceso. Sígueme en redes sociales para que me hagas tus comentarios sobre los episodios ¿qué te gustó?, ¿qué no te gustó?, ¿qué te llamó la atención?, para seguir ayudándote y seguir mejorando el podcast. INSTAGRAM: https://www.instagram.com/helpimentoring.com FACEBOOK: https://www.facebook.com/helpimentoring Aprovecha toda la ayuda que podemos darte en helpi Mentoring: 1. Con nuestros Master Class virtuales gratis. Por este medio y en Facebook podrás enterarte de los temas, días y horas. Hacemos 4 Master Class al mes. 2. Con nuestros Facebook Live gratis de Lunes a Jueves. https://www.facebook.com/helpimentoring 3. Con nuestro blog que publicamos en nuestra página de Internet: https://helpimentoring.com/blog/ En todos los formatos mencionados anteriormente compartimos herramientas exclusivas de nuestro programa que incluye muchas de las mejores herramientas y metodologías especializadas en pequeñas/medianas empresas a nivel mundial como EMyth (de Michael E. Gerber), Pumpkin Plan (de Mike Michalowicz), Profit First de Mike Michalowicz), Duct Tape Marketing (de Jhon Hantsch), etc. de diferentes áreas (operaciones, finanzas, Capital Humano, Marketing, Ventas, etc.). Mantente positivo y busca ayuda.
Send me a DM "GROW" on IG instagram.com/jenniferjadealvarez to get your FREE copy of The Ultimate Salon Growth Blueprint: Systems, Sales, and Scaling for SuccessMYA- Lead Generation Quiz https://joinmya.com/meetings/hannah-kipp/mya-virtual-tour-jennifer-alvarez Use code JA2FREE for 2 months free Ready to work with a VA? https://keap.page/tjb048/elevate-strategic-partnership.htmlJoin the free Facebook group to join like minded beauty pros! www.Facebook.com/groups/salonandsuitebusinessNeed A Bookkeeper?TRUEPROFITSALONSBLUEPRINThttps://jenniferjadealvarez.myflodesk.com/salon-growth-blueprint- Primary goal: Educational, motivational, industry insights- Main topics: Business financials & profitability in the salon industry, mindset and leadership for salon owners- Length: Approximately 47 minutesTitle: Unseen Battles: Elevating Your Salon's Finances & MindsetAre you struggling to make your salon financially sustainable while maintaining a positive mindset? In this episode, Jennifer Alvarez shares practical insights on managing profit margins, avoiding the common pitfalls of high rent and debt, and cultivating a resilient, faith-driven leadership approach to grow your salon business.Key Topics:The reality of profit margins in salons: why most are around 8% and how to improve themUnderstanding fixed vs. variable expenses and balancing cash flowThe impact of high rent and loans on salon profitability; why starting small can prevent financial disasterHow to use the Profit First framework and the importance of proper bookkeeping (recommendation: True Profit)The significance of debt management, especially from COVID-era loans like EIDL, for long-term valuationStrategies for increasing revenue: raising prices strategically, boosting average tickets, and client retentionThe importance of training your team in sales, rebooking, and customer serviceMindset: combating fear, embracing surrender, and investing in personal growthDifferentiating quitting from redirecting: pivoting your business model intelligentlyThe role of faith, gratitude, and mental health in business resilienceProfit First by Mike MichalowiczTrue Profit BookkeepingMike Michalowicz's Money HabitsTimestamps:00:00 - Welcome and episode overview02:18 - The true profit margins in salon businesses05:10 - Managing high overhead costs and location expenses08:55 - The impact of COVID loans and debt on business valuation12:40 - Strategies for financial growth and avoiding financial pitfalls16:40 - The importance of team training and revenue strategies19:34 - Profit First framework advice for salon owners22:25 - Math behind setting revenue and profit goals25:15 - Client utilization and increasing average tickets27:08 - Pricing strategies and value communication29:03 - Training your team for sales, rebooking, and growth32:41 - Self-investment and leadership development36:57 - Overcoming fear and emotional resilience39:45 - Faith and gratitude as anchors during challenges43:33 - Quitting vs. redirecting: growth mindset and pivoting46:33 - Final thoughts and encouragement
“I actually call myself – lovingly – the angel of death because I was not an angel investor. Yeah, I destroyed businesses and, in the process, wiped myself out financially.” – Mike Michalowicz I believe that the message in Mike Michalowicz' book, Profit First is both elegantly simple and powerful I've adopted most of these strategies over the past 6 months and my business has already become more profitable, and my cash-flow management is clearer and smoother than ever before. This interview of Mike is going to follow two parallel paths. As a financial advisor YOU are a business owner AND you probably serve a lot of business owner clients. This interview will give you ideas to bring more value to your clients, and at the same time help you reflect on the profitability of your own business. Bill and Mike discuss: Profit First Mentality: Mike shared his personal story of financial reset, revealing how shifting your approach to “profit first” can change everything. Instead of waiting for profit at year-end, set it aside from every transaction – just like you pay yourself first in personal finance. Behavioral Hacks for Profitability: Discover the “small plates” strategy. Just as smaller dinner plates lead to smaller portions, breaking your income into dedicated accounts (profit, owner's compensation, taxes, OpEx) naturally guides prudent spending. Why Most Business Owners Struggle: Did you know 83% of small businesses are living paycheck to paycheck? The traditional formula – sales minus expenses equals profit – actually sets most up for failure. With Profit First, sales minus profit equals expenses, forcing you to run your business sustainably. Debt & Profit: Think you need to pay off debt before saving profit? Think again – profit is the muscle you need to build to sustainably pay down debt over time. Owner's Compensation vs. Profit: Mike Michalowicz clarified the crucial distinction: Owner's compensation is your salary for running the business. Profit is a bonus for taking the risk. Don't confuse or commingle these! Holistic Advising: Advisors, there's a massive opportunity in linking business and personal finances for your clients. Don't leave the business side to the accountant – address both for true financial independence. Commitment Devices: ! This is Powerful ! Setting up systems (like hiding your profit in a different bank account) creates “commitment devices” – behavioral nudges that help you stick to your plan, just like leaving your gym shoes on the toilet lid to get moving in the morning. Whether you're a solo advisor, own a small business, or even part of a larger firm, Profit First adapts. The sooner you start, the greater the impact.
Join The Paralegals in Business Society: https://www.jaclynfoster.com/Visit Firmly Profits: https://firmlyprofits.com/Connect with Leah Miller on LinkedIn: https://www.linkedin.com/in/leahlnmfinancial/From Paralegal to Fractional CFO: Leah Miller on Building Firmly Profits & Scaling a Law-Firm Finance BusinessJaclyn Foster shares a teaser from an hour-long interview with guest expert Leah Miller inside the Paralegals in Business Society, highlighting Leah's path from legal assistant to paralegal, then law firm administrator/CFO, and finally founder of Firmly Profits providing bookkeeping and fractional CFO services to law firms. Leah explains she started her business incrementally in early 2023 while employed, then left her firm sooner than planned, rebuilt her former base salary by October 2023, and ultimately surpassed six figures, enabling her husband to quit his job in 2024. She credits LinkedIn networking, education, and podcast guesting—without cold pitching—for client growth, and discusses hiring first through contractors, using Profit First-style planning, and setting financial thresholds for staffing. 00:00 Podcast Teaser Intro01:27 Meet Leah Miller02:01 From Paralegal to CFO03:30 Leaving the Day Job05:37 Finding First Clients08:29 Growth and Reality Check11:34 When to Hire Help13:36 Profit Planning to Scale17:35 Join the Society
You didn't start your business to stay stuck. If you're ready to finally hit 6 or 7 figures WITHOUT burning out — book a call with our team → https://weddingproceo.com/application Stop letting a small follower count make you feel like you're behind in your business while you're grinding through another busy wedding weekend. This episode breaks down why vanity metrics are keeping you overworked and underpaid, and exactly how to pivot your strategy to attract high-paying buyers instead of just more "likes." The (FREE!)ASSUME Sales Training: 2x your wedding bookings in 30 days—step by step. Thousands of wedding pros have already used it to land more clients immediately! http://weddingproceo.com/freetrainingorgA favorite book of mine: Profit First by Mike Michalowicz https://amzn.to/4lbqZFwAnother favorite book of mine: Buy Back Your Time by Dan Martell https://amzn.to/3ITKLb4========================= EPISODE SHOW NOTES BLOG & MORE:https://weddingproceo.com/turn-small-following-into-big-revenue/=========================Thank you for tuning in to this episode of the Wedding Pro CEO Podcast. If you find these strategies helpful, make sure to share this episode with your fellow wedding pros. And remember, in the world of weddings, it's all about building genuine relationships and showcasing your best work. Until next time, keep shining, CEOs!PLEASE SUPPORT THE PODCAST! LEAVE A REVIEW HERE: https://ratethispodcast.com/swd Have a question you'd like Brandee to answer? Ask here: http://bit.ly/3ZoqPmzHeads up, CEO! Some of the links I share may be affiliate links, which means I may earn a small commission if you decide to purchase—at no extra cost to you. I only recommend tools and resources I actually use and love, and that I believe will help you grow a profitable, sustainable business you're obsessed with.=========================Grab Your 2026 WPCEO Summit Ticket Here!!! Take the Wedding Pro CEO's free GAP assessmentSupport the show
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Sign up for our event at: https://simplecfo.com/john-moreyIn this episode of the Profit First for Real Estate Investing podcast, I sit down with real estate investor and community leader John Morey to talk about one of the most common—but least discussed—problems in real estate businesses: cash flow chaos. John shares how implementing the Profit First system completely changed how he manages money in his business, giving him clarity, structure, and something many entrepreneurs desperately need—peace of mind.We also dive into the common mistake of running your business with “one big bucket” of money, why so many investors struggle to pay themselves or cover taxes, and how small changes in allocation can create massive long-term stability. Whether you're doing your first deal or hundreds of deals a year, this conversation will help you rethink how your business handles cash. ⸻Episode Highlights[0:00] – John's long-time connection with David and the early Profit First journey[4:44] – The painful realization: having money in the bank but not enough to pay taxes[6:13] – The “one bucket problem” most real estate investors operate under[7:21] – Why starting small with allocations makes the system easier to adopt[9:09] – The embarrassing truth many investors won't admit about cash flow[13:05] – The biggest benefit John experienced after implementing Profit First: peace of mind[14:39] – How automated allocations remove stress from paying taxes and expenses[16:05] – Why John pivoted toward rentals and townhome communities[18:18] – The power of local meetups and being in the right rooms[21:19] – Creating systems for different real estate strategies[25:41] – How automation allows Profit First to run in the background of your business⸻5 Key Takeaways:The “one bucket” system creates chaos. Without clear allocation, it's easy to have money in the bank but still be unable to cover taxes or expenses.Start small with Profit First. Even allocating 1% to profit or owner pay can begin shifting the financial structure of your business.Automation removes stress. Once your accounts and allocations are set up, the system can run with minimal effort.Peace of mind is the biggest ROI. Knowing exactly where your money is going eliminates financial anxiety.Systems allow you to pivot. Whether you're wholesaling, flipping, or building rentals, structured finances give you the flexibility to adapt.⸻Links & ResourcesRegister for the Profit First workshop with John Morey: https://simplecfo.com/john-moreyConnect with John Morey on Facebook or through the North Alabama Investors meetupLearn more about Profit First for real estate investors: https://www.simplecfo.com⸻If this episode helped you realize that cash chaos doesn't have to be part of your business, please rate, follow, and review the podcast. And share it with another investor who's ready to turn profit into a habit—not just an occasional event.
Send a textIf tax season makes you feel a little anxious about your business finances, you're not alone.Many mompreneurs start their businesses with passion and purpose — but when it comes to understanding numbers, profits, and financial systems, it can feel overwhelming.In this episode of The Good Enough Mompreneur Podcast, Angela sits down with Megan Schwan, CEO and Founder of Sidekick Accounting Services, to talk about how entrepreneurs can move from financial confusion to financial confidence.Megan has spent more than two decades in the accounting world helping small business owners understand their numbers and build profitable businesses. Her mission is to change the statistic that 8 out of 10 small businesses fail by helping entrepreneurs make smarter financial decisions and create sustainable growth. She's also a solo mom of four, which gives her a powerful perspective on balancing motherhood, leadership, and entrepreneurship.This conversation is a refreshing reminder that understanding your business finances isn't about becoming an accountant — it's about becoming a more empowered CEO.What You'll Learn in This Episode:• The mindset shift from employee to CEO that every entrepreneur needs • Why understanding your numbers helps you make better business decisions • The Profit First method and how it changes the way you think about profit • The essential financial systems every small business needs • How to create a recession-resilient business • Common money mindset blocks entrepreneurs face • Simple steps to gain control of your business finances • How mompreneurs can build businesses that provide freedom and stability for their familiesKey Takeaway from MeganYou don't have to fix everything in your business finances all at once.The most powerful thing you can do is simply take one step forward — whether that's separating your business accounts, reviewing your numbers regularly, or starting to think about profit differently.Small steps create big momentum.Reflection QuestionWhat is one step you could take this week to feel more confident about your business finances?Download the Reflection WorksheetWant to go deeper with today's episode?Download the episode reflection worksheet to help you apply these insights to your own business.Connect with Megan SchwanWebsitehttps://www.sidekick-accounting.com/LinkedInhttps://www.linkedin.com/in/meganmschwan/Facebookhttps://www.facebook.com/mmschwan/Instagramhttps://www.instagram.com/mompreneurof4/Keep the Conversation GoingIf this episode resonated with you, I'd love to hear from you.Visit https://mombusinesscoach.com to connect with Angela, explore coaching opportunities, and find more resources for building a business with confidence, clarity, and alignment.
Welcome back to Money Monday — the series where we talk about the numbers, habits, and financial systems that most salon owners avoid… but desperately need to understand.In this episode, I'm walking you through exactly what I do with every single dollar that hits my business bank account — the weekly system that completely changed the way I run my salon.Quick disclaimer before we dive in: I'm not a Profit First coach and I'm definitely not a financial advisor. I'm simply a salon owner who implemented the Profit First system by Mike Michalowicz, and it has completely transformed the way I manage money inside my business.Inside this episode I break down:
You can't forecast cash flow if you're just guessing. In this episode, I break down why so many real estate investors and business owners operate on what I call the “hope and pray” plan—hoping enough deals close and praying there's money left over at the end of the month.I walk through what cash-flow forecasting actually means for a real estate business that's running multiple deals at once. We talk about why forecasting doesn't have to be complicated, how reserves change the way you make decisions, and how a simple system like Profit First gives you the visibility you need to stop reacting to your finances and start planning your business with confidence.Timeline Highlights[0:26] Why guessing is not the same as forecasting cash flow[1:10] Why most entrepreneurs run their businesses without a real financial plan[1:34] The dangers of the “hope and pray” approach to finances[2:12] Why forecasting sounds complicated but doesn't have to be[3:01] How Profit First helps you understand where every dollar goes[3:43] Why reserves are the foundation of effective forecasting[4:24] How three months of reserves gives you options and flexibility[5:00] Forecasting as goal management, not financial complexity[6:12] How reserves help you make strategic business decisions[6:28] Why chasing deal volume can destroy profitability[7:24] Thinking like a long-term business owner instead of a short-term operator[8:01] How dashboards and financial data improve forecasting decisions[9:18] Why business owners need the right financial data to lead effectively[10:13] How forecasting, dashboards, and Profit First work togetherKey TakeawaysForecasting is not guessing—it's planning based on real numbers.Many businesses operate on hope instead of financial strategy.Cash reserves create the breathing room needed for smart decisions.Forecasting is simply goal management for your business.Profit First helps clarify where every dollar is going.Financial dashboards turn data into actionable insights.Successful businesses plan their numbers—success is not accidental.Links & ResourcesBook a free discovery call to build forecasting and financial clarity into your business: profitrei.comClosingThanks for spending time with me today. If this episode helped you see how forecasting can bring clarity and confidence to your business, make sure to follow the show, leave a review, and share it with another investor or entrepreneur who's tired of guessing with their numbers. And if you're ready to build real systems around your finances with guidance and accountability, visit profitrei.com and book your free discovery call to start creating financial clarity and freedom.
En este episodio exploramos cómo hábitos invisibles como la meditación, la gratitud y la oración pueden generar resultados visibles en tu mente, tu liderazgo y tu empresa. Prácticas simples pero profundas que ayudan a desarrollar claridad, equilibrio emocional y una forma más consciente de tomar decisiones. Hablamos de cómo estos hábitos fortalecen tu enfoque, mejoran tus relaciones y te permiten liderar desde un lugar más sereno y alineado con tu propósito, impactando positivamente tanto tu vida personal como tu negocio. Agenda ahora mismo y toma acción inmediata en el crecimiento de tu empresa! Esta evaluación te hará saber si eres candidato para nuestra membresía, la cual te ayudara a implementar todas nuestras herramientas probadas en tiempo record de la mano de un coach certificado. Si tienes más de 10 colaboradores en tu empresa...¡Aprovecha esta extraordinaria oportunidad! AGENDA AQUÍ Descarga GRATIS en nuestra página web el libro "Estimado Emprendedor", una guía empresarial y espiritual / alta consciencia para lograr ser un emprendedor dueño de pequeña y mediana empresa exitoso y pleno: https://helpimentoring.com/ Si te está gustando el podcast te pido tu apoyo para suscribirte y dejar un buen review de (5 estrellitas), servirían mucho para que más emprendedores dueños de pequeñas/medianas empresas como tú puedan tener acceso. Sígueme en redes sociales para que me hagas tus comentarios sobre los episodios ¿qué te gustó?, ¿qué no te gustó?, ¿qué te llamó la atención?, para seguir ayudándote y seguir mejorando el podcast. INSTAGRAM: https://www.instagram.com/helpimentoring.com FACEBOOK: https://www.facebook.com/helpimentoring Aprovecha toda la ayuda que podemos darte en helpi Mentoring: 1. Con nuestros Master Class virtuales gratis. Por este medio y en Facebook podrás enterarte de los temas, días y horas. Hacemos 4 Master Class al mes. 2. Con nuestros Facebook Live gratis de Lunes a Jueves. https://www.facebook.com/helpimentoring 3. Con nuestro blog que publicamos en nuestra página de Internet: https://helpimentoring.com/blog/ En todos los formatos mencionados anteriormente compartimos herramientas exclusivas de nuestro programa que incluye muchas de las mejores herramientas y metodologías especializadas en pequeñas/medianas empresas a nivel mundial como EMyth (de Michael E. Gerber), Pumpkin Plan (de Mike Michalowicz), Profit First de Mike Michalowicz), Duct Tape Marketing (de Jhon Hantsch), etc. de diferentes áreas (operaciones, finanzas, Capital Humano, Marketing, Ventas, etc.). Mantente positivo y busca ayuda.
You didn't start your business to stay stuck. If you're ready to finally hit 6 or 7 figures WITHOUT burning out — book a call with our team → https://weddingproceo.com/applicationStop leaving your revenue to chance and start building a lead generation strategy that actually works while you're busy on-site at weddings. This episode of the Wedding Pro CEO podcast breaks down the four organic channels you need to create a predictable flow of 10–20 qualified inquiries every month—without spending a dime on ads. It's time to ditch the "hope and pray" method, stop overworking for under-market prices, and finally build the profitable, sustainable business you deserve at https://www.weddingproceo.com.The (FREE!)ASSUME Sales Training: 2x your wedding bookings in 30 days—step by step. Thousands of wedding pros have already used it to land more clients immediately! http://weddingproceo.com/freetrainingorg A favorite book of mine: Profit First by Mike Michalowicz https://amzn.to/4lbqZFwAnother favorite book of mine: Buy Back Your Time by Dan Martell https://amzn.to/3ITKLb4========================= EPISODE SHOW NOTES BLOG & MORE:https://weddingproceo.com/predictable-lead-flow-wedding-pros/=========================Thank you for tuning in to this episode of the Wedding Pro CEO Podcast. If you find these strategies helpful, make sure to share this episode with your fellow wedding pros. And remember, in the world of weddings, it's all about building genuine relationships and showcasing your best work. Until next time, keep shining, CEOs!PLEASE SUPPORT THE PODCAST! LEAVE A REVIEW HERE: https://ratethispodcast.com/swd Have a question you'd like Brandee to answer? Ask here: http://bit.ly/3ZoqPmzHeads up, CEO! Some of the links I share may be affiliate links, which means I may earn a small commission if you decide to purchase—at no extra cost to you. I only recommend tools and resources I actually use and love, and that I believe will help you grow a profitable, sustainable business you're obsessed with. =========================Grab Your 2026 WPCEO Summit Ticket Here!!! FREE TRAINING for Wedding Business Owners Take the Wedding Pro CEO's free GAP assessmentSupport the show
Most businesses start with an idea. The resilient ones start with a pivot.Before Local Fixture became a creative landmark in Whittier, it was an e-commerce hustle when larger companies overtook the market. This episode is about what happens when entrepreneurs read the writing on the wall, trust their instincts, and build something rooted in community instead of algorithms.In today's episode of Amiga Handle Your Shit, Jackie Tapia sits down with Erika and Jason Chung, founders of Local Fixture, to talk about their journey from ranking number one on Google for handbags in the early 2000s to creating one of Whittier's most beloved local storefronts. What began as a search-engine-optimized online business eventually transformed into a physical space designed to foster connections and create a curated local experience.Jason shares how his early success in e-commerce forced him to pivot when corporate giants overtook the market, and how family investment and calculated risk made their first storefront possible. Erika reflects on the vision behind Local Fixture — inspired by Westside boutiques, fueled by the desire to bring something fresh to their hometown, and shaped by the needs of young families craving thoughtful, curated products.Together, they unpack what scaling really looks like: outgrowing a beloved space after 12 years, navigating leases, managing cash flow, and building a team that feels like family. They also dive into practical business lessons — from reading Profit First to prioritizing cash flow, to using organic social media and AI experimentation to stay relevant without massive marketing budgets.Tune in to episode 272 of Amiga Handle Your Shit for an honest conversation about pivoting, scaling, family-run business dynamics, and building something local that big corporations cannot replicate.Episode Takeaways:How ranking #1 on Google for handbags led to an unexpected pivot (04:00)Why competing with Amazon forced a strategic shift into brick-and-mortar (05:00)The role of family investment in launching their first storefront (08:00)How inspiration from Westside boutiques shaped the Local Fixture concept (09:30)What scaling actually looks like after 12 years in one location (10:20)The philosophy behind creating an in-store experience customers cannot get online (11:30)Navigating hiring, delegation, and working as a married couple (14:00)Why passion and realistic expectations matter more than hype (15:40)Why cash flow management is the backbone of any sustainable business (16:00)How organic social media — and even AI — plays a role in modern marketing (18:00)Resources:Local Fixture websiteInstagramTikTokConnect with Jason:Email: jason@localfixture.comLinkedInLet's Connect!WebsiteFacebookInstagramLinkedInJackie Tapia Arbonne's websiteBook: The AMIGA Way: Release Cultural Limiting Beliefs to Transform Your Life Hosted on Acast. See acast.com/privacy for more information.
From Chaos to Control: Simple Systems That Actually Scale with Tim Martinez Find Rocky Lalvani @ www.ProfitComesFirst.com or email him at rocky@profitcomesfirst.com If your business feels like it's growing… but also getting messier, heavier, and more dependent on you, this conversation will hit home. Rocky Lalvani sits down with Tim Martinez, a seasoned operator and advisor with 20+ years of experience helping founders, CEOs, and executive teams build companies that actually scale. Tim has worked across software, media, retail, gaming, and finance, and he's also owned, operated, invested in, and exited multiple businesses, so the insights here are practical, not theoretical. Learning Insights Why so many owners get stuck in "manageable chaos" (Tim's $3M wall observation) and what it really takes to break past a plateau How to use Profit First and Traction/EOS as flexible tools, and why adapting frameworks beats trying to follow them perfectly The difference between busy work and scalable execution (and how founders accidentally become the bottleneck) What "simplicity is the ultimate sophistication" looks like in real operations and decision-making How to spot vanity spending vs. investments that actually create ROI (systems, tech, training, leadership) Why culture = what you allow (and how standards at the top shape everything downstream) How to identify performance drag: A-players, C-players, and why top performers won't stay in a low-standard environment Why time is currency, and how meetings, rework, and unclear ownership quietly destroy margin What Tim looks for when evaluating companies: profitability (EBITDA/SDE lens), customer concentration risk, and realistic growth story How to create accountability after meetings so action items don't disappear (clear owners + follow-through) Big Takeaway Scaling isn't about adding complexity, it's about removing friction. Tim's core message is that the businesses that "feel in control" don't have fewer problems; they have clearer systems, clearer ownership, and higher standards, so problems get handled without everything funneling back to the founder. When you treat time like currency, invest intentionally (not emotionally), and build accountability into execution, you stop relying on heroics—and that's when growth becomes sustainable. Bio Tim is a seasoned business operator and advisor with more than twenty years of experience helping founders, CEOs, and executive teams build companies that actually scale. His work spans operations, strategy, leadership, and growth, with hands-on experience across software, media, retail, gaming, and finance. Having owned, operated, invested in, and exited multiple businesses, Tim brings a practical, real-world perspective to building durable companies that create value for employees, customers, and communities. Links Website: https://www.theinsideman.biz/ LinkedIn: https://www.linkedin.com/in/theinsideman/ Substack: https://timtheinsideman.substack.com/ Conclusion If you're tired of being the glue holding everything together, this episode is a blueprint for shifting from reactive to repeatable. The goal isn't just to grow revenue—it's to build a durable company that creates value for employees, customers, and your community, while giving you more freedom and better options (including a future exit). If this episode helped you, share it with one business owner who's stuck in firefighting mode—text it to them or post it to your LinkedIn/IG stories. And if you haven't already, follow/subscribe and leave a quick rating/review so more owners can find these conversations. #BusinessSystems #ScalingBusiness #Operations #Leadership #Entrepreneurship #SmallBusinessOwner #Profitability #CashFlow #ProfitFirst #EOS #Traction #StandardOperatingProcedures #TeamPerformance #Accountability #ExitPlanning Watch the full episode on YouTube: https://www.youtube.com/@profitanswerman Sign up to be notified when the next cohort of the Profit First Experience Course is available! Free Copy of the Profit Blueprint Book: : https://lp.profitcomesfirst.com/landing-page-page Monthly Newsletter signup: https://lp.profitcomesfirst.com/newsletter-signup Relay Bank (affiliate link): https://relayfi.com/?referralcode=profitcomesfirst Profit Answer Man Facebook group: https://www.facebook.com/groups/profitanswerman/ My podcast about living a richer more meaningful life: http://richersoul.com/ 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.
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In this episode of the Profit First for Real Estate Investing podcast, I sit down with Shannon O'Neill, fractional COO and operations expert at Let's Grow COO. Shannon and I dive into one of the most overlooked pain points in growing a real estate business: the loneliness and pressure at the top—and the even more invisible pressure on the second-in-command.We unpack what it really looks like to move from being an operator inside your business to actually leading it. Shannon shares how tracking your time can completely change your perspective, why most CEOs are still employees in their own company, and how fractional leadership can create clarity, structure, and sanity. If you're feeling stretched thin, stuck in the day-to-day, or unsure where your time is actually going, this episode is your wake-up call. Episode Highlights:[0:00] – Shannon's role as a fractional COO and how she partners with fractional CFOs[3:26] – Growing a real estate company from 2 to 25+ team members[5:42] – Learning every seat in the business—from cold calling to running operations[8:00] – Why being outside the day-to-day politics gives her an edge[10:09] – Who should (and shouldn't) hire a fractional COO[12:45] – Building AcquisitionReps.com to solve hiring bottlenecks[15:24] – Why most CEOs are “fractional everything” inside their own company[17:27] – The powerful (and painful) impact of doing a time study[20:18] – Giving CEOs permission to actually work on the business[24:31] – The hidden burden of the second-in-command[29:11] – The two things every entrepreneur must track: time and money5 Key TakeawaysTrack your time before you do anything else. Most CEOs have no idea where their day actually goes until they see it in writing.You are likely still an employee in your own business. If you're stuck in operations, you're not leading—you're reacting.Fractional leadership creates focus. A dedicated COO or CFO can focus fully on their lane while you stop juggling 17 roles.The second-in-command needs support too. They carry pressure from above and below—and often feel just as isolated as the CEO.Time and money tell the truth. If you want freedom, track both. Clarity comes from measurement.Links & ResourcesLearn more about Shannon and Let's Grow COO: https://letsgrowcoo.comEmail Shannon directly: shannon@letsgrowcoo.comLearn more about Profit First for real estate investors: https://www.simplecfo.comIf this episode challenged you to take a hard look at how you're spending your time—or reminded you that you don't have to carry the weight alone—please rate, follow, and review the podcast. And share it with another business owner who needs support at the top.
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Grow My Accounting Practice | Tips for Accountants & Bookkeepers to Grow Their Business
Show Summary: In today's episode of the Grow My Accounting Practice, we explore what it truly means to build a purpose-driven, profitable business. Profit for Good: How Purpose-Driven Businesses Turn Passion into Sustainable, Profitable Impact reframes profitability as the starting point for generosity, not the reward at the end. Through real client stories, we share how passion projects became sustainable, revenue-producing businesses once clarity, structure, and intentional profit were put in place. The conversation highlights how Profit First creates the confidence business owners need to say "yes" to impact without sacrificing financial stability. We also discuss the powerful mindset shift from "I'll give when I have more" to "I give because I'm profitable on purpose," and how accountants and advisors can help clients align money, mission, and long-term sustainability. This episode is a reminder that profit isn't selfish — it's what makes lasting impact possible. Website:http://venusmichael.com http://one21accountability.com LinkedIn:http://www.linkedin.com/in/venusmichael/ Instagram:http://www.instagram.com/one21accountability/ Corporate Partner: BILL. - https://www.bill.com/ Profit First App Version 2.0 is here! More Education. More Functionality. More Profit!
Your business is not too small for Profit First—you're just used to chaos. In this episode, I break down exactly how to set up the five foundational bank accounts that bring clarity, control, and confidence to your real estate investing business.If you've ever felt like you're living deal to deal instead of building real wealth, this is your starting point. I walk you through the simple, practical setup of the Income Account and what I call the “Golden Trio” — Profit, Owner's Compensation, and Owner's Tax — so you can stop guessing where your money went and start building a bridge out of the rat race.Timeline Highlights[0:00] Why your business isn't too small for Profit First[1:17] The real reason entrepreneurs stay stuck in the rat race[2:14] Lessons from Cashflow 101 and escaping the wheel[4:29] My personal experience doing 25 deals a month and still feeling stuck[5:08] Why deal volume doesn't equal financial freedom[6:30] How Profit First builds a bridge to wealth[7:10] A real example of building a tax surplus through the system[8:02] The first practical step: opening multiple bank accounts[9:21] The five foundational accounts explained[10:01] Why you need an Income Account[10:17] The “Golden Trio” — Profit, Owner's Comp, and Owner's Tax[11:08] Why Owner's Compensation is the most important account[12:19] How the Tax Account removes fear and surprises[13:06] How to practically implement weekly or bi-weekly transfersKey TakeawaysFinancial freedom is built through systems, not deal volume.Separating income from expenses creates clarity and control.The “Golden Trio” accounts help you keep what you make.Owner's Compensation ensures you actually get paid.A Tax Account removes stress and eliminates surprises.Profit is intentional—not what's left over.Simple bank account structure can radically change your cash flow.Links & ResourcesBook a free discovery call to implement Profit First in your business: profitrei.comClosingThanks for spending time with me today. If this episode gave you clarity on how to set up your Profit First accounts, make sure to follow the show, leave a review, and share it with another real estate investor who's tired of living deal to deal. And if you're ready to build real financial structure with guidance and accountability, visit profitrei.com and book your free discovery call to start creating financial clarity and freedom.
En este episodio abordamos el gran reto de la inestabilidad del personal en las pequeñas y medianas empresas y por qué hoy se ha convertido en uno de los principales dolores para los dueños de negocio. Analizamos cómo la rotación constante impacta la rentabilidad, la cultura y el crecimiento. Descubrirás qué hay detrás de este fenómeno, qué errores lo están provocando y qué acciones estratégicas puedes implementar para construir equipos más comprometidos, estables y alineados con la visión de tu empresa. Agenda ahora mismo y toma acción inmediata en el crecimiento de tu empresa! Esta evaluación te hará saber si eres candidato para nuestra membresía, la cual te ayudara a implementar todas nuestras herramientas probadas en tiempo record de la mano de un coach certificado. Si tienes más de 10 colaboradores en tu empresa...¡Aprovecha esta extraordinaria oportunidad! AGENDA AQUÍ Descarga GRATIS en nuestra página web el libro "Estimado Emprendedor", una guía empresarial y espiritual / alta consciencia para lograr ser un emprendedor dueño de pequeña y mediana empresa exitoso y pleno: https://helpimentoring.com/ Si te está gustando el podcast te pido tu apoyo para suscribirte y dejar un buen review de (5 estrellitas), servirían mucho para que más emprendedores dueños de pequeñas/medianas empresas como tú puedan tener acceso. Sígueme en redes sociales para que me hagas tus comentarios sobre los episodios ¿qué te gustó?, ¿qué no te gustó?, ¿qué te llamó la atención?, para seguir ayudándote y seguir mejorando el podcast. INSTAGRAM: https://www.instagram.com/helpimentoring.com FACEBOOK: https://www.facebook.com/helpimentoring Aprovecha toda la ayuda que podemos darte en helpi Mentoring: 1. Con nuestros Master Class virtuales gratis. Por este medio y en Facebook podrás enterarte de los temas, días y horas. Hacemos 4 Master Class al mes. 2. Con nuestros Facebook Live gratis de Lunes a Jueves. https://www.facebook.com/helpimentoring 3. Con nuestro blog que publicamos en nuestra página de Internet: https://helpimentoring.com/blog/ En todos los formatos mencionados anteriormente compartimos herramientas exclusivas de nuestro programa que incluye muchas de las mejores herramientas y metodologías especializadas en pequeñas/medianas empresas a nivel mundial como EMyth (de Michael E. Gerber), Pumpkin Plan (de Mike Michalowicz), Profit First de Mike Michalowicz), Duct Tape Marketing (de Jhon Hantsch), etc. de diferentes áreas (operaciones, finanzas, Capital Humano, Marketing, Ventas, etc.). Mantente positivo y busca ayuda.
#795 Most entrepreneurs don't realize that financial structure — not more revenue — is the key to unlocking real freedom. In Part 2 of this two-part conversation, host Brien Gearin and Bobby Hoyt go deeper into how Profit First can transform not just your business finances, but your personal finances and mindset as well. Bobby shares practical examples of using multiple accounts to create clarity, reduce stress, and confidently cover big expenses — from taxes to mortgages to vacations — without guilt or guesswork. They also discuss the shift from scarcity to abundance that comes from truly understanding your numbers, the importance of having the right financial experts on your team, and why bookkeeping and financial education are critical skills for long-term success. Whether you're scaling your business or just getting started, this episode highlights how structure, mentorship, and financial clarity unlock both growth and freedom! What we discuss with Bobby: + Profit First beyond business + Using multiple bank accounts strategically + Eliminating tax-time surprises + Creating financial peace of mind + Applying Profit First to personal finances + Scarcity vs. abundance mindset shift + Rewarding yourself responsibly + Importance of financial mentorship + Why knowing your numbers matters + Bookkeeping as a growth lever Thank you, Bobby! Check out Stellar Brands at StellarBrands.com. Check out The Bottom Line (TBL) at TheBottomLineCPA.com. Check out Brilliant Bookkeeper. To get access to our FREE Business Training course go to MillionaireUniversity.com/training. To get exclusive offers mentioned in this episode and to support the show, visit millionaireuniversity.com/sponsors. Learn more about your ad choices. Visit megaphone.fm/adchoices
#794 Most entrepreneurs don't have a revenue problem — they have a “where did the money go?” problem. In Part 1 of this two-part conversation, host Brien Gearin sits down with Bobby Hoyt — founder of Stellar Brands, CEO of The Bottom Line, and creator behind Millennial Money Man — to unpack why “knowing your numbers” is non-negotiable if you want to build a business that actually pays you. Bobby shares his journey from high school band director to entrepreneur, how a mentor helped him pay off student loans and take the leap, and the hard lessons that come from running your business on “napkin math.” Together, Brien and Bobby dig into why most entrepreneurs get blindsided at tax time, what it really means to have a proactive tax strategy, and how systems like Profit First (and the right bookkeeping/CPA team) can bring clarity, stability, and confidence to your cash flow — so you can grow without hitting the financial “electric fence!” What we discuss with Bobby: + Why entrepreneurs must know their numbers + The danger of “napkin math” finances + Bobby's journey from teacher to CEO + How mentors accelerate business growth + Why revenue doesn't equal personal income + The importance of proactive tax strategy + Common CPA and bookkeeping mistakes + How Profit First stabilizes cash flow + Paying yourself consistently as an owner + Building financial systems that scale with growth Thank you, Bobby! Check out Stellar Brands at StellarBrands.com. Check out The Bottom Line (TBL) at TheBottomLineCPA.com. Check out Brilliant Bookkeeper. To get access to our FREE Business Training course go to MillionaireUniversity.com/training. To get exclusive offers mentioned in this episode and to support the show, visit millionaireuniversity.com/sponsors. Learn more about your ad choices. Visit megaphone.fm/adchoices
I've seen investors doing 10, 15, even 25 deals a month…Then checking their bank account and wonder why it still feels tight.If more deals were the answer, you wouldn't be stressed right now.But here you are busy, profitable on paper, and still uneasy about money.That's the trap most real estate investors fall into.I've seen it. I've lived it. And in this episode, I sit down with David Richter, author of Profit First for Real Estate Investing, to talk about why so many real estate investors make serious money… but never actually keep it.The problem isn't the deal flow.It's cash flow.If you don't have clear visibility into what you're making, what you're keeping, and what your business can actually afford, more deals just amplify the stress.That's exactly why we point people to a real CFO-level system.This is the same cash framework David is using with 7 Figure Flipping members who were tired of feeling reactive every month.CLICK HERE to Book a Call with SIMPLECFO >>Catch you later!LINKS & RESOURCES1,000 FREE Seller LeadsGet your first 1,000 seller leads FREE from our partner BatchLeads and start closing deals immediately. CLICK HERE: http://leads.getbatch.co/mztQkMr7 Figure Flipping UndergroundIf you want to learn how to make money flipping and wholesaling houses without risking your life savings or "working weekends" forever... this book is for YOU. It'll take you from "complete beginner" to closing your first deal or even your next 10 deals without the bumps and bruises most people pick up along the way. If you've never flipped a house before, you'll find step-by-step instructions on everything you need to know to get started. If you're already flipping or wholesaling houses, you'll find fast-track secrets that will cut years off your learning curve and let you streamline your operations, maximize profit, do MORE deals, and work LESS. CLICK HERE: https://hubs.ly/Q01ggDSh0 7 Figure RunwayFollow a proven 5-step formula to create consistent monthly income flipping and wholesaling houses, then turn your active income into passive cash flow and create a life of freedom. 7 Figure Runway is an intensive, nothing-held-back mentoring group for real estate investors who want to build a "scalable" business and start "stacking" assets to build long-term wealth. Get off-market deal sourcing strategies that work, plus 100% purchase and renovation financing through our built-in funding partners, a community of active investors who will support and encourage you, weekly accountability sessions to keep you on track, 1-on-1 coaching, and more. CLICK HERE: https://hubs.ly/Q01ggDLL0 Connect with us on Facebook and Instagram: @7figureflipping Hosted on Acast. See acast.com/privacy for more information.
Episode 299 of The Rainmaking Podcast features Scott Love in conversation with Darren Wurz (author of The Lawyer Millionaire) on the most common personal-finance pitfalls attorneys face—and how to avoid them. Darren's #1 warning is lifestyle creep: as income rises, spending rises with it (bigger house, cars, memberships, kids' expenses), leaving high earners with surprisingly thin savings and heavy monthly burn. The fix starts with a mindset shift: define what truly drives happiness, think in concrete terms about “future you” (age + timeline), and recognize that money is a finite resource—especially when credit cards make overspending frictionless. From there, Darren shares a simple, tactical system for busy lawyers who hate budgeting: bank-account-based cash flow management (a “Profit First”-style approach). Income flows into an “income” account, then automatically gets allocated into separate accounts for bills (recurring expenses), spending (guilt-free discretionary), savings/investing, and taxes—so you always know what's available and you're prepared for quarterly tax hits. He recommends reviewing finances weekly (or at least twice monthly) to keep the data familiar and actionable. Visit: https://therainmakingpodcast.com/ YouTube: https://youtu.be/L1CQf-vrASc ----------------------------------------
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In this episode of the Profit First for Real Estate Investing podcast, I sit down with Cody Hofhine—entrepreneur, former co-owner of Wholesaling Inc., and founder of Joe Homebuyer—to talk about what really drives long-term success in business. Cody shares his journey from struggling insurance agent making $19,000 a year to building and selling a national real estate education company, and the identity crisis that followed.We dive into personal development, leadership, and why your business can only grow to the size of the person running it. Cody explains how shifting from ego-driven goals to purpose-driven impact changed everything, and how that mindset now fuels his mission to help franchise owners scale to $1 million territories across the country. If you're chasing growth but feeling stuck, this episode will challenge you to level up from the inside out. Episode Highlights[0:00] – Cody's entrepreneurial roots and growing up with a contractor father[6:47] – From vinyl fencing to insurance—and earning just $19,000 in a year[9:26] – The moment his wife's tears changed everything[10:47] – Joining Wholesaling Inc. as one of the first students[11:06] – Partnering, scaling, and eventually selling the company[12:33] – The identity crisis that followed the sale[16:31] – Redefining identity: faith, family, and purpose first[20:01] – Why helping others win eliminates financial insecurity[20:27] – Joe Homebuyer's goal: 100 $1M territories by 2028[28:46] – The business can only scale to the size of the leader[29:08] – Why personal development beats marketing hacks every time5 Key TakeawaysYour identity cannot be your business. When the business changes, you need a foundation deeper than titles or income.Personal development determines income ceilings. Rarely does income exceed leadership growth.Purpose beats ego. When you focus on helping others win, financial success follows naturally.Community accelerates growth. Entrepreneurship is lonely—aligned partnerships change everything.Think 10X, not linear. Scaling requires new thinking, new systems, and a bigger vision than incremental growth.Links & ResourcesConnect with Cody: https://www.codyhofhine.comFollow Cody on Instagram (blue check): https://www.instagram.com/codyhofhineLearn more about Profit First for real estate investors: https://www.simplecfo.comIf this episode challenged you to grow as a leader and think bigger about your business, make sure to rate, follow, and review the podcast. And share it with an entrepreneur who needs a reminder that real growth starts within.
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If you say you want multiple six figures, $100k launches, scalable revenue and CEO freedom… but you're still playing it safe, we need to talk.This episode is your short, sharp pep talk for 2026.Because here's the truth no one loves to admit: you are probably not stuck because you're incapable. You're not behind because you're lazy. And you're definitely not “bad at business.”You're avoiding discomfort.In this episode, I'm walking you through the subtle ways avoidance is keeping you small. Avoiding showing up because you don't feel ready. Avoiding selling because you're scared something will flop. Avoiding your numbers because accounting feels overwhelming. Avoiding discipline because you started this business for freedom.I'm discussing what leaning into discomfort has looked like for me, from restructuring my entire team to forcing myself to understand my profit and loss statements, and why short term discomfort and even short term disappointment are the price of long term growth.We talk about the 10,000 hour rule. We talk about selling every day. We talk about why you cannot call yourself a CEO and ignore marketing or your books. And we talk about choosing “future you” over “right now you” when it would be easier to stay comfortable.If your business feels a little too safe right now, this is your sign.2026 is not the year to coast. It's the year to expand.Lean in.Resources mentioned in this episode:Profit First by Mike MichalowiczClick HERE to follow me on InstagramClick HERE to apply for the Peace and Profit Mastermind
Entrepreneurs start businesses in pursuit of financial freedom, yet many struggle to generate consistent profit even as revenue grows. Mike Michalowicz has seen this pattern play out time and time again. While traditional accounting trains business owners to treat profit as what's left over, Mike flipped the formula. He created Profit First, a cash management system that prioritizes profit from day one and has since been adopted by over 700,000 businesses worldwide. In this episode, Mike reveals how entrepreneurs can prioritize profit, build wealth, and finally turn revenue into true financial freedom. In this episode, Hala and Mike will discuss: (00:00) Introduction (01:45) Why Profit Must Come First (09:17) Profit First Cash Management System (14:14) Target Allocation Percentages for Profit (21:14) Handling Debt and Profit Distribution (24:44) Protecting Profit and Tax Accounts (27:57) How Spending Less Drives Innovation (33:32) Choosing Profitable Customers Strategically (40:17) Managing Profit for Financial Freedom Mike Michalowicz is a bestselling author, entrepreneur, and creator of the Profit First cash management system, used by over 700,000 businesses worldwide. He has built and sold multiple multi-million dollar companies and authored influential books, including Profit First, Clockwork, and Get Different. A sought-after keynote speaker, Mike helps entrepreneurs build profitable, sustainable businesses using behavior-based financial strategies. Sponsored By: Indeed - Get a $75 sponsored job credit to boost your job's visibility at Indeed.com/profiting Shopify - Start your $1/month trial at Shopify.com/profiting. Spectrum Business - Keep your business connected seamlessly with fast, reliable Internet, Phone, TV, and Mobile services. Visit https://spectrum.com/Business to learn more. Northwest Registered Agent - Build your brand and get your complete business identity in just 10 clicks and 10 minutes at northwestregisteredagent.com/paidyap Framer - Publish beautiful and production-ready websites. Go to Framer.com/profiting and get 30% off their Framer Pro annual plan. Quo - Run your business communications the smart way. Try Quo for free, plus get 20% off your first 6 months when you go to quo.com/profiting Working Genius - Take the Working Genius assessment and discover your natural gifts and thrive at work. Go to workinggenius.com and get 20% off with code PROFITING Experian - Manage and cancel your unwanted subscriptions and reduce your bills. Get started now with the Experian App and let your Big Financial Friend do the work for you. See experian.com for details. Huel - Get all the daily nutrients you need with Huel. Grab Huel today and get 15% OFF with my code PROFITING at huel.com/PROFITING. Resources Mentioned: Mike's Website: mikemotorbike.com Mike's Book, Get Different: bit.ly/GetDifrent Mike's Book, Clockwork: bit.ly/Clocwork Mike's Book, Profit First: bit.ly/-ProfitF1st Mike's Book, The Pumpkin Plan: bit.ly/TPumpkinP YAP E386 with Mike Michalowicz: Active Deals - youngandprofiting.com/deals Key YAP Links Reviews - ratethispodcast.com/yap YouTube - youtube.com/c/YoungandProfiting Newsletter - youngandprofiting.co/newsletter LinkedIn - linkedin.com/in/htaha/ Instagram - instagram.com/yapwithhala/ Social + Podcast Services: yapmedia.com Transcripts - youngandprofiting.com/episodes-new Entrepreneurship, Entrepreneurship Podcast, Business, Business Podcast, Self Improvement, Self-Improvement, Personal Development, Starting a Business, Strategy, Investing, Sales, Selling, Psychology, Productivity, Entrepreneurs, AI, Artificial Intelligence, Technology, Marketing, Negotiation, Money, Finance, Side Hustle, Startup, Mental Health, Career, Leadership, Mindset, Health, Growth Mindset, Personal Finance, Wealth, Stock Market, Scalability, Investment, Risk Management, Financial Planning, Business Coaching, Finance Podcast, Saving
Welcome to The Profit Talk! In this show, we're going to help you explore strategies to help you maximize profits in your business while scaling and creating the lifestyle that you want as an entrepreneur. I am your host, Susanne Mariga! I'm a CPA, a Fractional CFO, and a Certified Profit First Professional Mastery Level providing tax strategies to 7 and 8 figure entrepreneurs. Let's dive into strategies to maximize profits in your business! In this episode of The Profit Talk Show, host Susanne Mariga welcomes Kevin Steuer, founder of StockTA. Kevin is an entrepreneur and technical trading educator who helps investors use algorithm driven trend analysis to make disciplined, process driven investment decisions in individual stocks and ETFs. Together, we explore how entrepreneurs can strategically invest their Profit First cash reserves while managing risk in volatile markets. Kevin breaks down how to remove emotion from investing, build a repeatable trading process, and use technical analysis tools like trend scores, support and resistance levels, and stop losses to protect capital and reduce drawdowns. This conversation is packed with practical strategies for business owners who want to grow wealth outside of their companies without gambling their hard earned profits. What You'll Learn in This Episode: ✅ What Algorithmic Technical Analysis Really Means – How price, volume, and momentum are translated into measurable signals through structured equations. ✅ Understanding Trend Scores – How StockTA assigns numeric scores to identify bullish and bearish setups. ✅ The Power of Confluence – Why multiple signals lining up at the same price level increases probability. ✅ Support, Resistance, and Stop Losses – How to define exit points in advance to limit downside risk. ✅ Avoiding Common Investor Mistakes – Why overconcentration, chasing losses, and trading without a repeatable process can destroy capital. Memorable Quotes:
If you're not paying yourself a real salary, you don't own a business—you own a job. In this episode, I break down one of the biggest mistakes I see business owners make: building a company that pays everyone except themselves.We talk about why so many entrepreneurs struggle to pay themselves (even after reading all the right books), why revenue doesn't automatically create owner income, and how to implement a simple system that makes paying yourself automatic. I walk you through exactly how to set this up—whether you're brand new, still working a W-2, or already doing significant revenue but not consistently taking money home.Timeline Highlights[0:00] Why not paying yourself means you own a job, not a business[1:05] The frustration of knowing you should pay yourself but not knowing how[1:26] Scaling revenue while still not taking home income[2:10] Why Profit First changed how I view owner pay[2:29] The difference between servant leadership and financial leadership[3:08] Why you must treat yourself like a paid employee[4:03] The simple system: setting up an Owner's Compensation account[5:05] Why big money events won't fix broken cash habits[6:07] How much should you pay yourself? (Percentages explained)[6:36] What to do if you still have a W-2 job[7:29] How to build 6–12 months of reserves before leaving your job[9:30] A real story of someone who implemented one account and built six months of reserves[10:04] Why paying yourself consistently creates clarity and confidenceKey TakeawaysIf you don't pay yourself consistently, your business is unsustainable.Revenue does not guarantee owner income—systems do.Paying yourself is a habit, not a one-time event.Start with one simple step: open an Owner's Compensation account.Choose a percentage you can consistently sustain.Build 6–12 months of owner reserves before major transitions.Financial freedom comes from disciplined cash habits—not big deals.Links & ResourcesBook a free discovery call and build a system to consistently pay yourself: profitrei.comClosingThanks for spending time with me today. If this episode gave you clarity around how to finally pay yourself from your business, make sure to follow the show, leave a review, and share it with another business owner who's building revenue but not taking home income. And if you're ready to implement real systems around your money with guidance and accountability, visit profitrei.com and book your free discovery call to start creating financial clarity and freedom.
En este episodio contamos con la invitada especial Betty Guajardo, quien nos comparte cómo aplicar el capitalismo consciente en una pequeña empresa y los enormes resultados que puede generar cuando se implementa de manera auténtica y estratégica. Hablamos de cómo operar con propósito, valores claros y enfoque en todos los stakeholders no solo fortalece la cultura interna, sino que también impulsa la rentabilidad, la lealtad de los clientes y el crecimiento sostenible. Un capítulo inspirador y práctico para quienes quieren demostrar que hacer empresa con conciencia también es buen negocio. Agenda ahora mismo y toma acción inmediata en el crecimiento de tu empresa! Esta evaluación te hará saber si eres candidato para nuestra membresía, la cual te ayudara a implementar todas nuestras herramientas probadas en tiempo record de la mano de un coach certificado. Si tienes más de 10 colaboradores en tu empresa...¡Aprovecha esta extraordinaria oportunidad! AGENDA AQUÍ Descarga GRATIS en nuestra página web el libro "Estimado Emprendedor", una guía empresarial y espiritual / alta consciencia para lograr ser un emprendedor dueño de pequeña y mediana empresa exitoso y pleno: https://helpimentoring.com/ Si te está gustando el podcast te pido tu apoyo para suscribirte y dejar un buen review de (5 estrellitas), servirían mucho para que más emprendedores dueños de pequeñas/medianas empresas como tú puedan tener acceso. Sígueme en redes sociales para que me hagas tus comentarios sobre los episodios ¿qué te gustó?, ¿qué no te gustó?, ¿qué te llamó la atención?, para seguir ayudándote y seguir mejorando el podcast. INSTAGRAM: https://www.instagram.com/helpimentoring.com FACEBOOK: https://www.facebook.com/helpimentoring Aprovecha toda la ayuda que podemos darte en helpi Mentoring: 1. Con nuestros Master Class virtuales gratis. Por este medio y en Facebook podrás enterarte de los temas, días y horas. Hacemos 4 Master Class al mes. 2. Con nuestros Facebook Live gratis de Lunes a Jueves. https://www.facebook.com/helpimentoring 3. Con nuestro blog que publicamos en nuestra página de Internet: https://helpimentoring.com/blog/ En todos los formatos mencionados anteriormente compartimos herramientas exclusivas de nuestro programa que incluye muchas de las mejores herramientas y metodologías especializadas en pequeñas/medianas empresas a nivel mundial como EMyth (de Michael E. Gerber), Pumpkin Plan (de Mike Michalowicz), Profit First de Mike Michalowicz), Duct Tape Marketing (de Jhon Hantsch), etc. de diferentes áreas (operaciones, finanzas, Capital Humano, Marketing, Ventas, etc.). Mantente positivo y busca ayuda.
Mike Michalowicz is the author of Profit First, which is used by hundreds of thousands of companies across the globe to drive profit – Creator Science is one of those companies. Profit First has helped me develop sound financials for my business. He's also the author of Clockwork, a powerful method to make any business run on automatic, and seven other books as well. With more than 500,000 book sales, all of Mike's books have the same goal – to help small business owners and eliminate what he calls “entrepreneurial poverty.” Simon Sinek has called Mike “…the top contender for the patron saint of entrepreneurs.” This conversation is divided into halves: The first half explores Mike's unique model as an author. For each book Mike writes, he partners with a third party to license the frameworks from his books and serve as the done-for-you service provider. This is super uncommon and part of why he's been so prolific while running a very lean team. So we dig into how that works (and what he'd do differently if he were starting over today). The second half of the conversation is all about writing books. Mike has published nine books since 2008 – including 7 in the last 8 years. So we dig into how he determines what ideas to turn into books and how to write them so quickly. Full transcript and show notes Mike's Website / Twitter / Instagram / YouTube / LinkedIn *** RECOMMENDED NEXT EPISODE → #176: April Dunford – How self-publishing a book exploded her client service business. *** ASK CREATOR SCIENCE → Submit your question here *** WHEN YOU'RE READY
You didn't start your business to stay stuck. If you're ready to finally hit 6 or 7 figures WITHOUT burning out — book a call with our team → https://weddingproceo.com/application Stop letting your hard-earned leads go to waste just because the follow-up feels a little awkward! I'm showing you exactly how to stop hiding behind busy work and start using leadership-driven sales strategies to double your revenue without spending another dime on marketing.The (FREE!)ASSUME Sales Training: 2x your wedding bookings in 30 days—step by step. Thousands of wedding pros have already used it to land more clients immediately! http://weddingproceo.com/freetrainingorgA favorite book of mine: Profit First by Mike Michalowicz https://amzn.to/4lbqZFwAnother favorite book of mine: Buy Back Your Time by Dan Martell https://amzn.to/3ITKLb4========================= EPISODE SHOW NOTES BLOG & MORE:https://weddingproceo.com/double-wedding-business-revenue-follow-up/========================= Thank you for tuning in to this episode of the Wedding Pro CEO Podcast. If you find these strategies helpful, make sure to share this episode with your fellow wedding pros. And remember, in the world of weddings, it's all about building genuine relationships and showcasing your best work. Until next time, keep shining, CEOs!PLEASE SUPPORT THE PODCAST! LEAVE A REVIEW HERE: https://ratethispodcast.com/swd Have a question you'd like Brandee to answer? Ask here: http://bit.ly/3ZoqPmzHeads up, CEO! Some of the links I share may be affiliate links, which means I may earn a small commission if you decide to purchase—at no extra cost to you. I only recommend tools and resources I actually use and love, and that I believe will help you grow a profitable, sustainable business you're obsessed with.=========================Take the Wedding Pro CEO's free GAP assessmentSupport the show
You didn't start your business to stay stuck. If you're ready to finally hit 6 or 7 figures WITHOUT burning out — book a call with our team → https://weddingproceo.com/application If you're tired of being ghosted by couples who 'need to think about it,' it's time to stop the money leak in your sales process and start leading with the confidence your expertise deserves. In this episode, I'm breaking down how to create genuine urgency and handle objections in real-time so you can stop undervaluing your services and start tripling your bookings without ever feeling pushy. The (FREE!)ASSUME Sales Training: 2x your wedding bookings in 30 days—step by step. Thousands of wedding pros have already used it to land more clients immediately! http://weddingproceo.com/freetrainingorg A favorite book of mine: Profit First by Mike Michalowicz https://amzn.to/4lbqZFw Another favorite book of mine: Buy Back Your Time by Dan Martell https://amzn.to/3ITKLb4========================= EPISODE SHOW NOTES BLOG & MORE:https://weddingproceo.com/increase-wedding-bookings-without-pressure/========================= Thank you for tuning in to this episode of the Wedding Pro CEO Podcast. If you find these strategies helpful, make sure to share this episode with your fellow wedding pros. And remember, in the world of weddings, it's all about building genuine relationships and showcasing your best work. Until next time, keep shining, CEOs! PLEASE SUPPORT THE PODCAST! LEAVE A REVIEW HERE: https://ratethispodcast.com/swdHave a question you'd like Brandee to answer? Ask here: http://bit.ly/3ZoqPmzHeads up, CEO! Some of the links I share may be affiliate links, which means I may earn a small commission if you decide to purchase—at no extra cost to you. I only recommend tools and resources I actually use and love, and that I believe will help you grow a profitable, sustainable business you're obsessed with.=========================Take the Wedding Pro CEO's free GAP assessmentSupport the show
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In this episode of the Profit First for Real Estate Investing podcast, I sit down with the legendary Lou Brown—real estate investor, educator, and creative financing pioneer with over 40 years in the business. Lou shares how he's completed over 1,000 transactions without ever qualifying for a bank loan and how everyday investors can do the same.We dive into creative acquisition strategies, the power of seller financing, and why professionalism and credibility win more deals than just offering the highest price. Lou also breaks down his “buy, hold, sell” philosophy and explains how trusts can protect everything you build. If you want to buy properties without banks, create cash flow, and actually keep what you earn, this episode is packed with gold. Episode Highlights[0:00] – Introduction[2:10] – Lou's 40+ year journey and teaching investors since the 1980s[3:28] – Why he never goes to banks and how he structures deals creatively[6:05] – How to walk into a seller's home with credibility and win deals[8:10] – Why sellers often choose professionalism over the highest offer[12:03] – The 37 ways Lou can structure a creative transaction[15:02] – How sellers help fill out the cost-to-sell worksheet[18:03] – Why education wins in competitive markets[20:41] – Millionaire Jumpstart and Lou's weekly live coaching access[24:17] – Transitioning from landlord headaches to a “path to homeownership” model[25:48] – The Garn–St. Germain Act and discovering the power of trusts[27:04] – How to protect every asset you own using separate trusts5 Key TakeawaysYou don't need banks to buy real estate. Creative financing and seller cooperation can replace traditional lending.Professionalism wins deals. A structured presentation and credibility package separates you from competitors.There's always another offer structure. If sellers reject cash, there are multiple creative options to increase value for both parties.Sell while you hold, hold while you sell. Lou's slow-flip strategy creates cash now, cash flow, and long-term wealth.Protect what you build. Trust structures can shield assets and prevent one liability from infecting everything else you own.Links & ResourcesBuy, Hold, Sell Book: https://streetsmartinvestor.com/bhsbookMillionaire Jumpstart Training: https://millionairejumpstart.comLearn more about Profit First for real estate investors: https://www.simplecfo.comIf this episode gave you a new perspective on buying creatively and protecting your wealth, make sure to rate, follow, and review the podcast. And share it with an investor who needs to learn how to buy without banks and keep more of what they earn.
Entrepreneurs often believe their financial stress will disappear with the next big contract, launch, or raise. But Mike Michalowicz has seen hundreds of high-earning founders and employees still living paycheck-to-paycheck. The problem isn't income; it's behavior. Now on Spotify video! In this episode, Mike returns to break down the core principles behind his latest book, The Money Habit, revealing the psychology behind why we overspend and how small changes can create massive long-term wealth. He also shares his practical personal finance system to increase savings, eliminate debt, and achieve true financial freedom. In this episode, Hala and Mike will discuss: (00:00) Introduction (03:48) Mike's Latest Book, The Money Habit (11:14) Cash Confidence and Financial Independence (17:14) Saving for Big Life Expenses (21:24) Why Traditional Budgeting Fails (24:10) Behavioral Psychology Behind Money Decisions (30:48) The Paycheck-to-Paycheck Money Cycle (37:36) The 6 Essential Money Account System (45:21) The Four Financial Seasons (54:02) Smart Debt Elimination Strategies (57:42) Money Habit Advice for Entrepreneurs Mike Michalowicz is an entrepreneur, bestselling author, and speaker specializing in small business growth strategies. He has built and sold multiple multi-million dollar companies and is the host of the podcast Becoming Self-Made. His latest book, The Money Habit, translates his business finance principles into a practical personal finance system designed to help individuals build stronger money habits and work toward financial freedom. Sponsored By: Indeed - Get a $75 sponsored job credit to boost your job's visibility at Indeed.com/profiting Shopify - Start your $1/month trial at Shopify.com/profiting Spectrum Business - Keep your business connected seamlessly with fast, reliable Internet, Advanced WiFi, Phone, TV, and Mobile services. Visit https://spectrum.com/Business to learn more. Northwest Registered Agent - Build your brand and get your complete business identity in just 10 clicks and 10 minutes at northwestregisteredagent.com/paidyap Framer - Publish beautiful and production-ready websites. Go to Framer.com/profiting and get 30% off their Framer Pro annual plan Quo - Run your business communications the smart way. Try Quo for free, plus get 20% off your first 6 months when you go to quo.com/profiting Working Genius - Take the assessment and discover your natural gifts and thrive at work. Go to workinggenius.com and get 20% off with code PROFITING Experian - Manage and cancel your unwanted subscriptions and reduce your bills. Get started now with the Experian App and let your Big Financial Friend do the work for you. See experian.com for details Huel - Get all the daily nutrients you need. Grab Huel today and get 15% OFF with my code PROFITING at huel.com/PROFITING Resources Mentioned: Mike's Website: mikemotorbike.com Mike's Book, Profit First: bit.ly/-ProfitF1st Mike's Book, The Money Habit: bit.ly/MonyHabit Mike's Podcast, Becoming Self-Made: bit.ly/BSM-apple YAP E219 with Mike Michalowicz: youngandprofiting.co/E219 Hala's Speech at MIT: bit.ly/HTMITKN Active Deals - youngandprofiting.com/deals Key YAP Links Reviews - ratethispodcast.com/yap YouTube - youtube.com/c/YoungandProfiting Newsletter - youngandprofiting.co/newsletter LinkedIn - linkedin.com/in/htaha/ Instagram - instagram.com/yapwithhala/ Social + Podcast Services: yapmedia.com Transcripts - youngandprofiting.com/episodes-new Entrepreneurship, Entrepreneurship Podcast, Business, Business Podcast, Self Improvement, Self-Improvement, Personal Development, Starting a Business, Strategy, Investing, Sales, Selling, Psychology, Productivity, Entrepreneurs, AI, Artificial Intelligence, Marketing, Negotiation, Money, Finance, Side Hustle, Startup, Career, Leadership, Mindset, Growth Mindset, Wealth, Stock Market, Scalability, Investment, Risk Management, Financial Planning, Business Coaching, Finance Podcast
Grow My Accounting Practice | Tips for Accountants & Bookkeepers to Grow Their Business
Show Summary: In today's episode of the Grow My Accounting Practice podcast, Mike Michalowicz is joined by Ron Saharyan and Liz Szporn to talk about Mike's newest book, The Money Habit, and the launch of Money Habit Mentors. The conversation explores why money challenges are rarely about math and almost always about behavior. Mike shares the thinking behind The Money Habit and how it builds on the principles of Profit First to help people create lasting personal financial habits. Ron and Liz discuss what this shift means for accounting and advisory professionals, and why guiding clients through personal money behavior is becoming an essential extension of trusted financial advisory work. They also introduce the Money Habit Mentor designation, explaining how it equips professionals to help clients move from financial stress to clarity, confidence, and long-term control of their money. This episode offers insight into the growing opportunity for accountants and bookkeepers to deepen client relationships by addressing the human side of money—not just the numbers. If you work with clients who struggle financially despite earning well, this episode provides a clear look at what's next in advisory and why behavior-based systems matter more than ever. Website:https://moneyhabitmentors.com/ LinkedIn:https://www.linkedin.com/company/money-habit-mentors Facebook:https://www.facebook.com/profile.php?id=61587433470833 Instagram:@moneyhabitmentors Corporate Partner:People Processes - https://peopleprocesses.com/ Profit First App Version 2.0 is here! More Education. More Functionality. More Profit!
You didn't start your business to stay stuck. If you're ready to finally hit 6 or 7 figures WITHOUT burning out — book a call with our team → https://weddingproceo.com/applicationHey, CEO! If you've been feeling like "selling" is a dirty word, it's time to flip the script and realize that leading your couples to a decision is the highest form of service you can provide. Stop spending your limited mid-week downtime feeling stressed or undervalued; instead, learn how to trade the "salesy" overwhelm for a profitable business that respects your expertise. The (FREE!)ASSUME Sales Training: 2x your wedding bookings in 30 days—step by step. Thousands of wedding pros have already used it to land more clients immediately! http://weddingproceo.com/freetrainingorg A favorite book of mine: Profit First by Mike Michalowicz https://amzn.to/4lbqZFwAnother favorite book of mine: Buy Back Your Time by Dan Martell https://amzn.to/3ITKLb4========================= EPISODE SHOW NOTES BLOG & MORE:https://weddingproceo.com/feel-gross-selling-wedding-pro/========================= Thank you for tuning in to this episode of the Wedding Pro CEO Podcast. If you find these strategies helpful, make sure to share this episode with your fellow wedding pros. And remember, in the world of weddings, it's all about building genuine relationships and showcasing your best work. Until next time, keep shining, CEOs!PLEASE SUPPORT THE PODCAST! LEAVE A REVIEW HERE: https://ratethispodcast.com/swd Have a question you'd like Brandee to answer? Ask here: http://bit.ly/3ZoqPmz Heads up, CEO! Some of the links I share may be affiliate links, which means I may earn a small commission if you decide to purchase—at no extra cost to you. I only recommend tools and resources I actually use and love, and that I believe will help you grow a profitable, sustainable business you're obsessed with.=========================Take the Wedding Pro CEO's free GAP assessmentSupport the show
Seasonal slowdowns can shake even the most well-run therapy practices—especially group practices navigating payroll, profit, and growth at the same time. This week, I sat down with Stef Iverson and Lucinda Bibbs, business partners and recent graduates of Money Skills for Group Practice Owners, to talk through what it really looks like to manage cash flow during a summer slump while still honoring long-term vision, wellness, and expansion.“I think it's just that the clarity and the reassurance, right? That we're on the right track...knowing the numbers has really helped us make non-emotional decisions. And just having clarity on what's actually on the paper and what are those numbers actually telling us? They're telling us a story and they're holding up a mirror and they're allowing us to make changes and pivots as we, as we need to." - Stefanie IversonStef and Lucinda came into this conversation fresh off their first slower season since implementing Profit First—and instead of panic, they brought curiosity. We talked through how their profit account temporarily buffered operating expenses, what that revealed about their numbers, and how to proactively plan for next summer so slow seasons don't feel scary or reactive.Using Financial Clarity to Stay Grounded During Seasonal Revenue DipsWhat stood out most to me was how empowering it can be to replace “scrambling” with structure. When you know your numbers and intentionally build safety into your business, you give yourself permission to rest, plan, and make thoughtful decisions—even when revenue temporarily dips.(00:03:34) Navigating Profit Slumps & Business Growth Effectively(00:07:12) Savings Buffer Analysis to Prevent Pulling from Profit(00:12:29) Consistent Owner Draws and Keeping Profit Separate(00:16:06) Preparing for Economic Uncertainty and Anticipated Slow Seasons(00:20:58) Balancing Leadership and Growth with Work, Delegation, and Passions(00:26:45) Prioritizing Your Energy and Your Relationships(00:30:54) A Successful Partnership Built on Transparency(00:34:10) Evaluating and Expanding Services Offered(00:38:18) Tree Metaphor for Growth - With a Stable Trunk, Your Branches Can ReachStability First, Then Innovation: Growing Without Undermining the FoundationWe talked through how to experiment with offering new wellness services without neglecting the “main ship” of the group practice—and how to tell the difference between an idea that needs more time versus one that isn't financially aligned right now.Key Takeaways for Therapists Navigating Slow Seasons or Growth Build buffers before you need them. Aim to have 2–3 months of operating expenses in your account so seasonal dips don't trigger panic.Let stability lead. It's okay to temporarily prioritize cash reserves over profit distributions.Test new offerings slowly. Pilot, track results, and adjust before fully committing.Protect the core practice. New ideas are exciting, but the existing business needs consistent care.Communicate clearly with partners. Transparency reduces emotional decision-making and strengthens trust.Slow seasons don't mean you're doing something wrong—they're part of running a real business. With clear numbers, intentional buffers, and honest conversations, you can build a practice that feels both secure and flexible enough to grow in the directions that matter most to you.Ready to Improve your Business Money Skills?Are you a Solo Private Practice Owner? I made this course just for you: Money Skills for Therapists. My signature course has been carefully designed to take therapists from money confusion, shame, and uncertainty – to calm and confidence. In this course I...
Send a textIf everything still runs through you - decisions, approvals, follow-ups - it's not a motivation problem. It's an ownership problem.In this episode, I sit down with Mike Michalowicz, author of Profit First, Clockwork, and his newest, All In, to unpack why capable teams stall and what actually causes people to step up. We go far beyond culture, perks, or performance pressure and get into Psychological Ownership, the missing system behind self-managing teams, clean handoffs, and sustainable scale.Mike shares how high-performing organizations recruit A-players through education, build safety that unlocks real honesty, and design environments where people take responsibility without being managed into burnout. We also talk through why culture often fails, how community changes everything, and what it looks like to lead people with dignity through every season.If you're scaling, investing in systems, automation, and clarity, but still feel like the bottleneck, this conversation will reframe how ownership is created, sustained, and shared.Books MentionedProfit First by Mike MichalowiczClockwork by Mike MichalowiczFix This Next by Mike MichalowiczThe Pumpkin Plan by Mike MichalowiczSurge by Mike MichalowiczThe Toilet Paper Entrepreneur by Mike MichalowiczAll In by Mike MichalowiczIf you want to go deeper, Mike's work, books, and podcast can all be found at mikemotorbike.com, including free chapter downloads and his podcast Becoming Self-Made.Join Dr. William Attaway on the Catalytic Leadership podcast as he shares transformative insights to help high-performance entrepreneurs and agency owners achieve Clear-Minded Focus, Calm Control, and Confidence. Free 30-Minute Discovery Call:Ready to elevate your business? Book a free 30-minute discovery call with Dr. William Attaway and start your journey to success. Special Offer:Get your FREE copy of Catalytic Leadership: 12 Keys to Becoming an Intentional Leader Who Makes a Difference. Connect with Dr. William Attaway: Website LinkedIn Facebook Instagram TikTok YouTube
In this episode, we dive into the unique financial challenges law firm owners face with Ben Hockema, CFP®, Founder and Lead Financial Advisor at Illuminate Wealth Management. As an award-winning Certified Financial Planner, Ben's work has been featured in The Wall Street Journal, The New York Times, and other leading publications. Ben is on a mission to help law firm owners and other business professionals move past the shame-based marketing that dominates the financial industry and replace money stress with clarity, confidence, and control. Through thoughtful strategy and education, he helps his clients build financial systems that support both their firms and their personal lives. Hit play to discover: Why running a law firm according to strong financial principles is harder than it looks. What the "Profit First" system is and which law firms benefit most from it. How bookkeeping and accounting for law firms differ from other businesses. From cash flow management to long-term planning, Ben explains how to identify where to spend, where to save, and how to design a financial roadmap aligned with your goals, values, and vision for the future. To learn more about Ben and his work, visit Illuminate Wealth Management now!
Rising inflation has turned everyday expenses into a constant source of stress, leaving millions of people stuck living paycheck to paycheck and wondering if they'll ever feel truly "okay" with money. While traditional budgeting plans promise control, they often deliver guilt and overwhelm instead. That's why I'm excited to be joined by Mike Michalowicz, bestselling author of 11 financial books, including the mega-bestseller Profit First, to talk about his newest book, The Money Habit: The Worry-Free Way to Financial Independence. Mike's helped over a million people build real financial peace, and in this conversation, he breaks down what "financial independence" actually means and why the "financial freedom" fantasy can leave you feeling disappointed. We talk about why most people are naturally wired to spend their paycheck fast (and the surprising behavioral science behind it), why budgeting fails for so many people, and the simple "behavioral intercept" that makes managing money feel almost automatic. Mike walks through his foundational account system—how to split your money into clear, purpose-driven buckets so you always know what you can spend, what you're saving, and what's already protected. And make sure you listen until the end, because Mike explains how to get started even if you're living paycheck-to-paycheck or drowning in credit card debt that instantly creates clarity, control, and momentum without requiring you to become a "money person" overnight. KEY TAKEAWAYS The Money Habit For Financial Independence "Never Worry" (About Managing Money) Why These Methods Work for Anyone Making More Money Doesn't Solve Problems Why We're Wired To Spend Paychecks The Six Foundational Bank Accounts A Tip For Your Mini-Luxury Account Why Budgeting Fails Most People How To Get Started If You're Broke Tips for Tackling Debt Issues How to Address Your Biggest Financial Concerns Where To Get Mike's New Book, The Money Habit Get The Full Show Notes To get full access to today's show notes, including audio, transcript, and links to all the resources mentioned, visit MiracleMorning.com/623 Subscribe, Rate & Review I would love if you could subscribe to the podcast and leave an honest rating & review. This will encourage other people to listen and allow us to grow as a community. The bigger we get as a community, the bigger the impact we can have on the world. To subscribe, rate, and review the podcast on iTunes, visit HalElrod.com/iTunes. Connect with Hal Elrod Facebook Twitter Instagram YouTube Copyright © 2026 Miracle Morning, LP and International Literary Properties LLC
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