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You didn't start your business to stay stuck. If you're serious about hitting 6 or 7 figures without sacrificing your life, book your FREE Gap Assessment with our team: https://weddingproceo.com/applicationRight now someone is on your website loving your work, hunting for a price, and hitting the back button when they cannot find one. This episode is about the clients you are losing without ever knowing they were there, and why hiding your pricing is quietly costing you more than you think. I walk through a warm lead that slipped away in real time, the consultation ghosting that looks like a sales problem but is not, and the three-step fix that changes your conversion rate.Here's what you'll walk away with:- Why hidden pricing loses leads you never even see, and how to stop the invisible leak- The real reason great consultations still ghost, and how pricing up front makes the close easy- The three-step fix: a price range on your website, pricing in your first email, and closing on the callThe 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/3lTKLb4========================EPISODE SHOW NOTES BLOG & MORE:https://www.weddingproceo.com/pricing-on-your-website========================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/3ZqqPmzHeads 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.========================Support the show
Have you ever built something you love, poured years into it, and never once stopped to ask what it's actually worth? Most business owners haven't. And that one blind spot could cost them everything they worked for. In this episode of The Happy Hustle Podcast, I sit down with Michael Sauer also known as Bone, an exit planning expert who has helped guide business transactions up to a hundred and twenty million dollars. He works with business owners to figure out exactly what their company is worth today, what it could be worth years from now, and how to make it as sellable as possible before life forces the decision for them. You can find him and his work at kandemlaw.com. What makes this episode matter is the timing. Bone dropped some numbers on me that stopped me in my tracks, and I think they'll do the same for you. Only twelve to twenty percent of businesses that go up for sale actually sell. Of the ones that do sell, half go for less than the owner needed. And here's the gut punch. Only five percent of business owners are actually happy with what they walked away with after the sale. Five percent. That's not a small gap, that's a system that's broken for almost everyone going through it. Here's what stuck with me most from our conversation. Fifty percent of businesses get sold involuntarily. Health issues, family emergencies, burnout, none of us plan for these things to force our hand, but they happen. Bone's point is simple. Build your business to be sellable now, not someday, so you're never caught off guard. It takes years to sell right, not months. Most owners come to Bone wanting to sell within twelve months. He tells them straight up that's not enough time. Three years minimum, five years ideal, if you actually want top value. The number on paper isn't the number in your pocket. Broker fees, attorney fees, capital gains tax, they all take a bite. Sell for ten million without a real tax strategy and you might walk away with seven. Bone's advice is to reverse engineer the number you actually need and plan backward from there. Seventy nine percent of business owners regret selling within a year. Not sadness. Not stress. Profound regret. That statistic alone is why proactive planning matters so much more than people realize. Profit First is one of the simplest financial moves you can make. If you haven't implemented it in your business yet, Bone calls it the number one financial hack for owners. Set money aside before you spend it, not after. We also got into the fun stuff. I put Bone through my rapid fire round and got some real answers. Taco Bell is his go to food, his spirit animal is a bald eagle, and his best piece of legal advice might be the most important thing you hear in this whole episode. Hire an attorney before you need one. We also talked about family, gratitude, and what it means to build a life you're proud of, not just a business that sells well. This episode is a reminder that hustle without a plan is just motion. You can work hard for twenty years and still leave money and peace of mind on the table if you never stop to ask the right questions. Bone's whole approach is about giving business owners confidence and security, so when the moment comes to sell, they're ready instead of scrambling. If you're ready to start thinking ahead instead of playing catch up with your own business, this conversation is going to hit home. Go listen to the full episode at https://happyhustle.com/podcast. It just might be the reset you didn't know you needed. Connect with Michaelhttps://www.linkedin.com/in/sellonyourterms/ Find Michael on this website: https://kandem.com/ Connect with Cary!https://www.instagram.com/caryjack/https://www.facebook.com/SirCaryJackhttps://www.linkedin.com/in/cary-jack-kendzior/https://twitter.com/thehappyhustlehttps://www.tiktok.com/@caryjackhttps://www.youtube.com/channel/UCFDNsD59tLxv2JfEuSsNMOQ/featured Get a copy of his new book, https://www.thehappyhustle.com/book Sign up for The Journey: 10 Days To Become a Happy Hustler Online Course @ https://thehappyhustle.com/thejourney/ Apply to the Montana Mastermind Epic Camping Adventure @ https://thehappyhustle.com/mastermind/ “It's time to Happy Hustle, a blissfully balanced life you love, full of passion, purpose, and positive impact!” Episode Sponsors: Kiln Your environment shapes your energy and your results. That's why we're proud to partner with Kiln, a premium workspace experience designed to help you work smarter, connect with amazing people, and elevate your lifestyle. From co-working and private offices to meeting rooms and event spaces, Kiln (https://kiln.com/) has everything you need to thrive. Mention "Happy Hustle" for a special hookup! =================================================================== If you're feeling stressed, not sleeping great, or your energy's been kinda meh lately—let me put you on to something that's been a total game-changer for me: Magnesium Breakthrough by BiOptimizers. This ain't your average magnesium—it's got all 7 essential forms that your body needs to chill out, sleep deeper, and feel more balanced. I take it every night and legit notice the difference the next day. No more waking up groggy or tossing and turning all night If you're ready to sleep like a baby, calm your nervous system, and optimize your recovery, go grab yours now at https://www.bioptimizers.com/happy and use code HAPPY10 for 10% OFF. =================================================================== My Green Mattress If you've been waking up with back pain, feeling stiff, or just not getting that deep, quality sleep. This might be what you're missing: My Green Mattress. It's made with clean, non-toxic, and eco-friendly materials, so you're not just sleeping better, you're sleeping healthier too. The comfort and support are on another level, and you can really feel the difference night after night. If you're ready to invest in better sleep and better recovery, check it out at https://thehappyhustle.com/mygreenmattress =================================================================== Ozlo Sleep If you've been struggling to fall asleep, stay asleep, or just wake up feeling actually rested, let me put you on to something that's been a total game-changer: Ozlo Sleep. These aren't your typical sleep buds. They're designed to block out noise and help your brain fully relax, so you can drift off faster and stay in deep, uninterrupted sleep. Perfect if you're a light sleeper or just want that next-level rest. If you're ready to upgrade your sleep and wake up feeling recharged, check out https://ozlosleep.com and save $80 OFF using code HAPPY.
You didn't start your business to stay stuck. If you're serious about hitting 6 or 7 figures without sacrificing your life, book your FREE Gap Assessment with our team: https://weddingproceo.com/applicationYou already know who on your team needs to go, and you've probably known for months. This episode is about what keeping them costs you, because it is so much higher than the discomfort of the hard conversation. I walk through the hidden costs to your A players, your clients, and your cash, the honest reasons we keep people too long, and the exit plan that lets you control the timing instead of getting blindsided. Here's what you'll walk away with:- The three hidden costs of keeping an underperformer, including the one that can break your business- Why "get through busy season," "I feel bad," and "I don't have time" keep you stuck, and how to reframe each one- How to build YOUR exit plan (cross-cover the role, hire before they're gone) so the break happens on your terms 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/3lTKLb4========================EPISODE SHOW NOTES BLOG & MORE:https://www.weddingproceo.com/keeping-a-bad-employee-too-long======================== 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/3ZqqPmzHeads 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.========================Support the show
Today we have authors Mike Michalowicz and Shawn Van Dyke talking about Profit First as a methodology for contractors among other topics.Sponsors:Cycle CPAKnowledge Tree Consulting Smart Growth EventPatioSEOHow to Hardscape HeadquartersRegister for HNA and Use Code: HTH for 50% Off
What if your business is making more money, but you're still not keeping any of it?In this episode of the Know Your Numbers Podcast, Chris McCormack sits down with David Richter, founder and CEO of Simple CFO and author of Profit First for Real Estate Investing, to break down the financial systems that help business owners take control of their cash.David shares his journey from working in real estate and helping scale a company to 25 deals per month while spending the equivalent of 26 deals to discovering the importance of cash flow management and building a system that helps business owners actually keep the money they make.Whether you're a real estate investor doing your first deal, running multiple deals per month, or operating a completely different type of business, this conversation offers practical ideas for gaining clarity and taking control of your finances.If you found this episode valuable, like, follow, and share the podcast with another business owner who needs to get better control of their money.••••••••••••••••••••••••••••••••••••••••••••To connect with David, visit his Social Media Platforms:Facebook: https://www.facebook.com/david.richter.395/Instagram: https://www.instagram.com/thedavidrichter/LinkedIn: https://www.linkedin.com/in/david-simple-cfoWebsite: https://simplecfo.com/••••••••••••••••••••••••••••••••••••••••••••➤➤➤ To become a client, schedule a call with our team➤➤ https://www.betterbooksaccounting.co/booking-calendar/better-books-consultation••••••••••••••••••••••••••••••••••••••••••••Connect with Better Books on Social MediaFacebook: https://www.facebook.com/betterbooksaccounting.coInstagram: https://www.instagram.com/betterbooksaccounting.co→ → → SUBSCRIBE TO BETTER BOOKS' YOUTUBE CHANNEL NOW ← ← ← https://www.youtube.com/@betterbooksaccountingThe Know Your Numbers REI podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.
#740: Paula and Joe rarely butt heads — but a caller's side hustle, which pulled in $5,500 in a single day, sparked their most heated disagreement in months. This week's mailbag: a couple weighing an early retirement built on $1.2 million, a wedding-dress side hustle deciding whether to go all in, and a listener whose small stock investment turned into a $25,000 tax puzzle. In this episode, we discuss: How to build a bucket strategy so you can retire early and still stay aggressive with your portfolio The real markers that tell you it's time to go back to work — not just a number How one listener turned a marketplace side hustle into a $5,500 day When to leave a stable paycheck for a growing side business, and when to wait Why a popular plan to gift a winning stock to your kids usually backfires Whether it's worth paying taxes now to raise your stock's cost basis Where a single winning stock belongs — taxable, Roth, or a solo 401(k) Whether you're weighing an early exit from a stable career, deciding if your side hustle is ready to become your main hustle, or holding a stock that's grown far beyond what you expected, this episode will help you think through the tradeoffs before you act. ⏱️ TIMESTAMPS Note: Timestamps may vary slightly depending on dynamic ad placements. (00:00) Why a winning stock can turn into a tax trap (02:23) A $1.2M portfolio and a plan to retire by 45 (07:45) Why an aggressive portfolio needs a cash cushion first (16:49) The real signal your plan isn't working (24:25) A side hustle that made $5,500 in one day (33:51) Quit now or wait — two strong arguments (39:51) The book that could save a new business (54:09) A $200 stock that grew into $25,000 (01:01:08) The tax rule that blocks gifting stock to your kids (01:12:59) A hidden tax that kicks in above $250,000 income
On today's episode, Dr. Mark Costes is joined by Brent Saunier and Chris Sands of Pro-Fi 20/20 and Phase One Dental CPAs for a practical conversation on cash flow planning inside the dental practice. Instead of focusing only on tax strategy, they break down how practice owners can use accounting data, Profit First principles, and daily transfers to better understand where money is going and give every dollar a clear purpose. Brent and Chris walk through the importance of separating funds into dedicated accounts for payroll, labs and supplies, marketing, rent and loans, consulting, CE, travel, profit savings, owner distributions, and taxes. They also explain how this system can help doctors reduce cash flow stress, avoid surprise tax bills, manage credit cards more intentionally, and build stronger financial habits that support long-term practice growth. Be sure to check out the full episode from the Dentalpreneur Podcast! EPISODE RESOURCES https://www.profi2020.com https://www.truedentalsuccess.com Dental Success Network Subscribe to The Dentalpreneur Podcast
You didn't start your business to stay stuck. If you're serious about hitting 6 or 7 figures without sacrificing your life, book your FREE Gap Assessment with our team: https://weddingproceo.com/applicationYou keep asking me for a follow up script, and I keep telling you no. This week I'm answering the question I get more than any other: what do I say when a couple goes quiet after a consultation? The short answer is nothing, because a script was never the problem. I'm walking you through why your consultation is ending without a clear next step, how to book that next step on the call itself, and what an actual personal follow up sounds like when you do need to send one.Here's what you'll walk away with:- Why a follow up script cannot fix a consultation that ends without a clear next step- The exact question to ask before a couple leaves the call, and how to book a follow up date on the spot- What a personal, transcript-specific follow up looks like compared to a generic template 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/3lTKLb4 ======================== EPISODE SHOW NOTES BLOG & MORE:https://www.weddingproceo.com/wedding-consultation-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/swdHave a question you'd like Brandee to answer? Ask here: http://bit.ly/3ZqqPmz 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.========================Join the Beyond Prompts Boot Camp here!!!Support the show
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En este episodio reflexionamos sobre una verdad poco hablada en la vida del empresario: tener una empresa que crece no siempre significa sentirse pleno. Hablamos de cómo muchos dueños de negocio alcanzan metas, generan resultados y sostienen responsabilidades importantes, pero aun así pueden sentirse cansados, desconectados o con la sensación de que algo sigue faltando. Una reflexión para mirar la plenitud más allá del éxito externo, reconectar con lo que realmente importa y construir una empresa que no solo funcione, sino que también le dé sentido, equilibrio y vida a tu vida. 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.
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Adam Whitney spent over 20 years in the Marine Corps in military intelligence before going all in on real estate, and he brings that operator discipline to how he thinks about money. Now a leader at Seven Figure Flipping, he's a hardcore Profit First fan who built his personal money habits long before he built his business ones.In this episode Adam gets refreshingly honest about the mistakes, the down months, and the psychology behind keeping what you make. He covers his journey from a $9,000 first-year military salary through Dave Ramsey's envelope system to Profit First, why cash flow management is the most underrated skill in business, and how the OODA loop from fighter-pilot dogfighting applies to financial decisions under pressure. If you make money but still feel broke, this is one to hear.Timeline Summary[1:49] – The Freedom Award at Seven Figure Flipping's mastermind that measures freedom, not revenue[2:56] – Why community leaders have a responsibility to encourage growth for the right reasons[4:18] – Adam's 20 plus years in the Marine Corps and the money lessons operator discipline taught him[5:32] – Making $9,000 his first year and $14,000 his second in the military[6:13] – Taking a $41,000 tax-free combat bonus and the expensive wedding and truck that followed[7:28] – The 2008 cross-country drive during peak gas prices that shifted his money mindset[7:55] – Dave Ramsey's Total Money Makeover and the envelope system as his first fundamentals[9:02] – Discovering the FIRE community in 2016 and saving 50% of his income[10:41] – Building personal financial habits first, then learning he needed business ones too[11:05] – Hitting $1 million in gross profit but barely filling his bank account[11:28] – His mentor Bill Allen's non-negotiable rule: you must take money out of your business[12:23] – The tough-love line: if you can't manage $100, you'll never manage a million[13:26] – Why Profit First is really psychological, not just a system of bank accounts[17:22] – Telling a newer investor not to ask about allocations until he brings in revenue[18:30] – Restructuring Seven Figure Flipping when the model's margins tightened[19:32] – Cash flow as a river you must watch coming in, sitting, and going out daily[20:21] – Having to cut personnel when acquisition costs crept too close to deal value[21:36] – Learning cash flow management by studying his mentor Bill Allen's numbers mind[25:01] – Applying the OODA loop and commander's intent to business decisions under pressure[30:13] – The biggest blind spot: not understanding the cash conversion cycle5 Key TakeawaysBuild Personal Habits First — Adam mastered his personal finances through Dave Ramsey and the FIRE movement before he ever fixed his business money. The foundation makes the business system stick.Profit First Is Psychological — The bank accounts work, but the real shift is mindset. Making money come off the top first is hard until you start, then it becomes how you operate.Cash Flow Is A River, Not A Snapshot — Your bank balance today isn't the picture. You have to watch what's coming in, what's sitting, and what's going out every single day.You Must Force Yourself To Get Paid — Bill Allen's rule is non-negotiable: take money out of the business or you'll work for free for years. Most owners who walk in the door aren't paying themselves.Understand The Cash Conversion Cycle — It can take 200-plus days from spending on marketing to collecting on a flip. Owners who don't plan for that gap create their own instability by shutting off marketing.Links & ResourcesSeven Figure Flipping — https://7figureflipping.comSimple CFO — https://simplecfo.comProfit First for Real Estate Investing Free Workbooks — https://peiworkbook.comProfit First for Real Estate Investing by David Richter — https://profitfirstrei.comEnjoyed This Episode?If Adam's honesty about down months and working for free hit home, you're far from alone, and that's exactly the point. Share this episode with an investor who's making money but still feeling broke, and follow the show and leave a rating and review so more real estate investors can build the habits that actually keep the cash.
David Richter of Simple CFO tackles one of the biggest debates in real estate investing in this solo episode: leverage versus cash flow. His blunt take is that leverage won't make you rich, but it can absolutely make you broke, and the difference comes down to whether you have a system.Using the metaphor of leverage as fire, he explains how borrowed money can either refine and build your business or burn it to the ground. He covers the paper millionaire trap, how over-leveraging turns into an accidental Ponzi scheme, and why cash reserves are what let you handle more leverage safely. If you use other people's money to do deals, this one is worth your time.Timeline Summary[0:26] – The core claim: leverage won't make you rich but it can certainly make you broke[0:45] – Leverage as a springboard to wealth and the Bible verse about the borrower being servant to the lender[1:10] – How private money lets you take down a deal you couldn't fund on your own[1:29] – Using leverage to create income versus using it to create wealth[1:52] – The paper millionaire with a million in equity and nothing in the bank[2:33] – Why cash wealthy doesn't mean hoarding money but being smart with every dollar[2:58] – Where each dollar goes: paying yourself, reserves, reinvesting, and expenses[3:17] – Why leverage is dangerous because you can scale yourself out of business[3:41] – The fire metaphor and David's childhood house fire versus a bonding campfire[4:12] – What happens when lender A's funds run out mid-project[4:35] – How going to lender B to finish project A becomes the makings of a Ponzi scheme[4:56] – Why a reserve account lets you cover overages without lighting your hair on fire[5:20] – Cash reserves as your greatest asset and the signal that you can responsibly handle more leverage5 Key TakeawaysLeverage Is A Tool, Not A Guarantee — Borrowed money can be a springboard to wealth or the thing that breaks you. It multiplies whatever system you already have, good or bad.Equity You Can't Eat Isn't Wealth — A paper millionaire with no cash in the bank isn't truly wealthy. Real wealth means being able to transfer it into the real world when you need it.Leverage Is Fire — Handled well, it refines and builds your business. Handled carelessly, it burns everything down. The difference is knowing how to play with it.Over-Leveraging Becomes A Ponzi Scheme — When lender A runs out and you borrow from lender B to finish the same project, you're funding old obligations with new money. That cycle ends businesses.Reserves Let You Handle More Leverage — A cash reserve covers project overages without a scramble, and it signals to lenders that you manage money responsibly and can safely take on more.Links & ResourcesSimple CFO — https://simplecfo.comGet a FREE Profit First for REI Workbook at: https://pfreiworkbook.com/Enjoyed This Episode?If David's take on leverage as fire made you rethink how you're funding your next deal, don't wait until you're borrowing from lender B to cover lender A. Share this episode with an investor who's scaling fast without a system, and follow the show and leave a rating and review so more real estate investors can learn to use leverage without getting burned.
En este episodio hablamos del área de innovación y de cómo encontrar ese espacio donde tu empresa puede dejar de competir igual que todos y empezar a diferenciarse con claridad. Descubrirás por qué innovar no siempre significa crear algo completamente nuevo, sino identificar qué haces mejor, qué necesita realmente tu cliente y dónde existe una oportunidad para aportar más valor. Una conversación para mirar tu negocio con estrategia, encontrar aquello que puede hacerlo único y construir una ventaja que te permita crecer sin depender solo del precio, la urgencia o la comparación con la competencia. 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 Know Your Numbers Podcast, Chris McCormack kicks off a brand-new series on business systems by breaking down the financial systems every entrepreneur should implement before focusing on tax planning.Many business owners struggle with cashflow, bookkeeping, budgeting, and financial decision-making not because they aren't making money, but because they lack systems.Learn how proper bookkeeping, Profit First, budgeting, and financial reviews can help you build a healthier, more profitable business while avoiding costly mistakes.Whether you're a small business owner, entrepreneur, real estate investor, or self-employed professional, these financial systems will help you make smarter decisions, improve cash flow, and create a more profitable business.If this episode helps you, Like, Follow, and Share to support more business owners on their journey to having the right financial systems.••••••••••••••••••••••••••••••••••••••••••••➤➤➤ To become a client, schedule a call with our team➤➤ https://www.betterbooksaccounting.co/booking-calendar/better-books-consultation••••••••••••••••••••••••••••••••••••••••••••Connect with Better Books on Social MediaFacebook: https://www.facebook.com/betterbooksaccounting.coInstagram: https://www.instagram.com/betterbooksaccounting.co→ → → SUBSCRIBE TO BETTER BOOKS' YOUTUBE CHANNEL NOW ← ← ← https://www.youtube.com/@betterbooksaccountingThe Know Your Numbers REI podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.
“I’ve seen thousands and thousands of still struggling solo and small law firm owners allow these mindset challenges around Profit First to stand between themselves and the life they could be enjoying. The life of a far more successful law firm owner.” – RJon Robins, author of Profit First for Lawyers More Than Money What if the biggest benefit of Profit First wasn’t the money? As we wrap up the third season of the Profit First for Lawyers podcast, RJon reminds us that Profit First is about far more than increasing profit. It’s about overcoming the mindset challenges that keep law firm owners from building the business and the life they truly want. Through a powerful lesson from the audiobook and a montage of real law firm owners, this episode explores the many ways Profit First creates transformation both inside and outside the office. This is a theme we’ve seen throughout the season from law firm owners. We heard from those struggling with overwhelming accounts receivable (Ed Gegan) and others wondering whether they were going to wind up with any profit at the end of the year (Matt Loker). We’ve also heard from owners whose firms were profitable, yet they were still exhausted and unhappy (Leah Mayersohn). Time and time again, we heard about the transformations that occurred once they began taking their profits first. Beyond the Numbers In this episode, Karli reflects on her own unexpected Profit First journey and how opening a single Profit account changed her relationship with money. She also shares a collection of stories from law firm owners who describe what happened in their lives and firms when they began consistently taking their profits first. While each story is different, they all point to the same conclusion: Profit First doesn’t just change your bank account. It changes the way you think, lead, and live. The Bigger Picture Whether it’s greater financial confidence, more time with family, less stress, or the freedom to make better business decisions, Profit First is about building a law firm that works for you instead of the other way around. As this season comes to a close, this episode serves as a reminder that profitability isn’t the destination. It’s the foundation for everything that comes next. Mentioned Listen to our other podcasts featuring RJon Robins: RJon Robins: From The Vault The Exponential Entrepreneur Connect Subscribe to the Profit First for Lawyers podcast Watch episodes on YouTube And most importantly, order your copy of Profit First for Lawyers today!
“My banker didn’t understand. My accountant didn’t understand. My bookkeeper didn’t understand. Everyone was fighting me on it, and they were all wrong, and I was right.” – RJon Robins, author of Profit First for Lawyers Why do so many accountants push back on Profit First? In this episode, Danny Ferro, Senior Controller at How To Manage a Small Law Firm, returns to discuss one of the biggest misconceptions about Profit First. As a CPA, Danny originally believed the Profit First system’s separate bank accounts made accounting more complicated. But after working with RJon and seeing Profit First in action, he discovered that its greatest value wasn’t improving accounting. It was improving the way business owners make financial decisions. Think Like a Business Owner Now as a believer in the Profit First methodology, Danny explains how the system is designed to influence behavior in a way that no spreadsheet can. Separating money into dedicated accounts provides greater clarity, simplifies financial decisions, and helps the owner focus on what really matters. In addition to touting the benefits of Profit First, Danny also explores the value of financial dashboards, building cash reserves, and knowing when it’s time to bring additional financial expertise into your business. The Simplicity That Scales Business owners need simplicity, not complexity. Here’s the counterintuitive lesson: the bigger your business grows, the more valuable Profit First is in making strategic decisions quickly. Plus, the discipline of Profit First also strips away the temptation to “borrow” from reserves and forces a business to operate on what is available. Mentioned Season 1 episode with Daniel Ferro: Focus On Things That Matter How To Manage a Small Law Firm: Fractional Controller Services Connect Subscribe to the Profit First for Lawyers podcast Watch episodes on YouTube And most importantly, order your copy of Profit First for Lawyers today!
In this Simple CFO Case Files episode, Christina Gutierrez sits down with CFO and CFO trainer Tommy Robinson, who brings over 20 years of real estate finance experience as a former financial analyst, controller, and VP of finance. Tommy breaks down two real client turnarounds from inside the business.He walks through a client who came in with unreliable books, significant debt, and late tax filings, and how the team rebuilt her financials into clean, project-level reporting she can trust. He also shares a flipping and rental operator who discovered their flipping business had quietly lost money for two years while the rentals carried it. If you want to see what a fractional CFO actually does day to day, this one delivers.Timeline Summary[0:44] – Christina welcomes Tommy back and introduces the Case Files format built around real client scenarios[1:46] – Tommy's background across financial analyst, controller, VP of finance, and CFO roles[2:33] – Why Profit First is about changing how owners think, not just bank accounts[3:13] – What Tommy loves most about training new CFOs and learning from their varied backgrounds[5:02] – Why the team model protects clients when a CFO takes vacation or leave[6:26] – The standardized dashboard and shared notes that let any CFO step in seamlessly[7:14] – Getting personal: Tommy's family, four children, three grandchildren, and monthly dinners[7:36] – His volunteering and an upcoming mission trip to Peru to build houses[9:14] – The client who raved about Tommy to David Richter at a conference[11:29] – Why client success depends on the client doing the homework and buying in[12:37] – The starting point: unreliable books, debt, and taxes filed late with penalties[13:05] – Building debt schedules, implementing Profit First, and transitioning to Simple CFO bookkeeping[13:53] – Quarterly expense and vendor analysis to check every dollar for profitability[15:01] – The real transformation: decisions made with confidence instead of anxiety[17:52] – Why the best time to bring on a CFO was yesterday, and the second best is now[19:16] – How a trusted CFO catches a bookkeeper who isn't actually doing the work[22:36] – The big surprise: a flipping business that lost money for two years while rentals carried it[24:27] – Building deal-level KPIs to vet ARV, budget, timelines, and contractors before buying[24:52] – How project overruns in cost and time were quietly killing margins through carry costs[25:34] – The work-in-progress dashboard with flags that trigger proactive action[26:25] – Turning three years of flip losses into a year-to-date profit for 20265 Key TakeawaysYour Books Are Your Scorecard — Unreliable books mean inconsistent owner pay, missed tax deadlines, and blind decisions. Clean, timely reporting is the foundation everything else is built on.A CFO Is A Financial Partner, Not A Bookkeeper — Tommy frames the role as advisor to the owner's decision, giving data-backed guidance while the owner still makes the call.Trust But Verify Your Bookkeeper — A client flew blind for months because her bookkeeper claimed work was done that wasn't. A CFO reviewing the numbers is what surfaced the gap.Segment Reporting Reveals Hidden Losses — Running the P&L by class showed a profitable-looking business was actually losing money on flips for two years while rentals carried it.KPIs Catch Overruns Before They Kill Margins — Deal-level flags on work in progress, budget, and timeline let flippers act proactively on carry costs instead of discovering losses after the sale.Links & ResourcesSimple CFO — https://simplecfo.comProfit First for Real Estate Investing Free Workbooks — https://peiworkbook.comProfit First for Real Estate Investing by David Richter — https://profitfirstrei.comEnjoyed This Episode?If Tommy's story about a flipping business quietly losing money for two years made you wonder what your own segment reports would reveal, that's worth a closer look. Share this episode with a real estate investor who's never separated their flips from their rentals on paper, and follow the show and leave a rating and review so more investors can find these Case Files.
You didn't start your business to stay stuck. If you're serious about hitting 6 or 7 figures without sacrificing your life, book your FREE Gap Assessment with our team: https://weddingproceo.com/applicationYou want to stop doing weddings and still pay yourself well, and it feels impossible because those two things don't arrive at the same time. In this episode Brandee walks through the real build behind her own freedom: the contractor bottleneck, the salary trade she made on purpose, hiring up one role at a time, and the middle-season framework that reframes why building feels like going backward. Then she hands you three questions to decide your own path.Here's what you'll take away:- Why you can't have time freedom and financial freedom at the same time, and the middle season where you trade one for the other- What "hiring up" means: every hire has to remove a responsibility entirely, not just reduce it- The three questions to answer before you build: what you want in three years, what you're willing to trade, and what season you're inThe 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/3lTKLb4========================EPISODE SHOW NOTES BLOG & MORE:https://www.weddingproceo.com/time-freedom-vs-financial-freedom========================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/3ZqqPmzHeads 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.========================Join the Beyond Prompts Boot Camp here!!!Support the show
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En este episodio reflexionamos sobre una pregunta que puede cambiar la forma en que ves tu empresa: ¿qué la hace realmente única? Hablamos de cómo muchos negocios compiten por precio, imitan lo que otros hacen o intentan parecerse al mercado, sin detenerse a identificar aquello que los diferencia y les da verdadero valor. Una reflexión para mirar tu propuesta con más claridad, reconocer qué problema resuelves mejor que nadie y empezar a construir una empresa con identidad, enfoque y una razón clara para ser elegida. 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.
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You know what your business brought in last month. The harder question, the one most spa owners cannot answer, is what you actually kept, and whether any of it reached you. That gap is where talented owners stay stuck for years, working at full capacity and still unable to pay themselves with any confidence. This week Daniela gets into why wanting profit does not make you greedy, and the Profit First approach that changed how she paid herself. She walks through the three numbers every spa CEO needs to see and the belief sitting underneath all of them. This is the same money work that anchors Growth Factor® Implementation, where you build a financial dashboard that shows you what your business actually keeps. If you have ever finished a strong month and still felt unsure whether you could pay yourself, this episode is for you. In this episode, we discuss: - why the money your business makes and the money you keep are two different numbers - the three numbers that tell you what is actually true about your profit - the Profit First method for paying yourself before the month spends it for you - how seeing your money split into buckets in real time ends the tax-season surprises - why wanting profit makes you a steward of your business, not the bad guy - what your team learns about your values from watching what you do with money - how one spa owner found a service she'd stopped promoting held more than double the profit of her signature one - the one exercise to run before the week is out Want to break past $25K–$35K months without adding more treatment hours? Watch The Systems Shift and learn how 600+ spa owners are scaling into their Spa CEO role (without sacrificing family time or sanity).
Kirby Atwell runs Living Off Rentals and has coached nearly 400 students to build cash-flowing short term rental portfolios over the past five years, alongside his own 43-property portfolio. A profit-first practitioner who lives on a farm with his family, he applies the system to how he buys properties, not just how he manages the cash.This episode breaks down Kirby's unusual 1% net rule, why the highest-cash-flowing property beats the prettiest one, and how small multi-unit properties in secondary markets outperform luxury cabins. If you want to build a short term rental portfolio or squeeze more profit out of the one you have, this conversation is packed with tactical detail.Timeline Summary[1:24] – Kirby returns to the show with nearly 400 students coached over five years of short term rental teaching[2:18] – Why he'd rather buy the highest cash flowing rental than the prettiest one[3:03] – The 500 million Airbnb bookings most investors overlook beyond the luxury vacation cabin[4:21] – A real deal breakdown: a $234,000 two unit in Sioux Falls netting around $2,500 a month[5:32] – How the same property performs as a long term rental and why that matters as a backup[6:09] – Why all 43 of his properties could convert to long term tomorrow and still cash flow[7:38] – Kirby's 1% net rule and how it differs from the standard 1% gross rule for long term rentals[9:03] – Netting 1% of purchase price after every expense including maintenance set asides[10:39] – What his accounts looked like before Profit First when he had over $1 million and no clarity[11:42] – Using the free spreadsheet and the caps versus taps distinction every first and fifteenth[13:20] – His actual percentages across an active income LLC and a rental property entity[15:20] – How Profit First clarity coincided with outsourcing the day to day of the business[16:24] – Going from a stretch goal of 30 properties to listing his 43rd while working less[16:50] – Growing organically into four full time Philippines-based team members instead of a property manager[19:18] – The typical first goal for students: 10 to 15 thousand a month to escape a full time job[24:49] – The fastest Profit First move for an owner drowning in their own properties5 Key TakeawaysCash Flow Beats Curb Appeal — A $234,000 two unit in Sioux Falls nets $2,500 a month while a $700,000 luxury cabin grossing the same amount can lose money. Buy for profit, not looks.Use The 1% Net Rule — Instead of 1% gross like the long term standard, Kirby targets 1% of purchase price in net profit after every expense. Small multi-units in secondary markets make it possible.Profit First Starts At Purchase — The system isn't just for managing cash. Kirby applies it to his buying formula so a deal has to hit the net number before he ever underwrites it.Clarity Enables Hiring — With over $1 million in the bank and no idea what was profit, he couldn't grow. Seeing where every dollar was designated is what let him build a remote team and step out of the day to day.Ten Properties Can Free You — Four Sioux Falls style deals at $2,500 a month hits $10,000 monthly and buys back 40 plus hours a week. For most of his students, that's the real financial freedom goal.Links & ResourcesLiving Off Rentals Web Class — https://livingoffrentals.com/startSimple CFO — https://simplecfo.comProfit First for Real Estate Investing by David Richter — https://profitfirstrei.comProfit First by Mike Michalowicz — https://mikemichalowicz.com/profit-firstEnjoyed This Episode?If Kirby's 1% net rule made you rethink every short term rental deal you've looked at, don't keep buying the pretty cabin that loses money. Share this episode with an investor who's killing themselves cleaning their own properties, and follow the show and leave a rating and review so more real estate investors can build portfolios that actually pay them.
In this episode of the Grow A Small Business Podcast host Troy Trewin interviews Giuseppe Grammatico founder of The Franchise Guide shares how he left J P Morgan to build and successfully sell a building services business before helping aspiring entrepreneurs find the right franchise He reveals why time freedom matters more than money how consistency and leadership fuel sustainable growth and why every business owner should plan their exit from day one while creating a business that can thrive without them. 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? Giuseppe Grammatico shares that the hardest part of growing a small business is taking full ownership of every decision and learning to be decisive especially when you have never owned a business before He explains that new entrepreneurs often overthink their choices and second guess themselves but success comes from making confident decisions learning from mistakes and adapting quickly as the business grows. What's your favorite business book that has helped you the most? Giuseppe Grammatico shares that the business book that has helped him the most is Traction by Gino Wickman because it provides a practical framework for building and managing every aspect of a business He also highly recommends The E-Myth Revisited by Michael E. Gerber for teaching entrepreneurs how to create systems that allow a business to grow beyond the owner. Are there any great podcasts or online learning resources you'd recommend to help grow a small business? Giuseppe Grammatico shares that podcasts have become his primary source of learning and he recommends The How of Business by Henry Lopez for practical business ownership advice Profit Comes First by Rocky Lalvani for mastering business finances and cash flow and podcasts by Dan Buettner and Mike Chang for improving health and performance because a healthy entrepreneur builds a stronger business. What tool or resource would you recommend to grow a small business? Giuseppe Grammatico shares that a powerful CRM like Go High Level is one of the best tools for growing a small business because it automates emails text messages AI phone calls social media and customer follow ups in one place He also recommends Sequence as a valuable financial tool for implementing the Profit First system and automating cash flow management. What advice would you give yourself on day one of starting out in business? Giuseppe Grammatico shares that if he could go back to day one he would remind himself that entrepreneurship is not a straight path and that challenges are part of the journey He advises new business owners to stay focused on their purpose adapt to change develop thick skin and build a business that creates freedom while enjoying the process instead of waiting for the destination. 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: The best business decisions come from taking action not waiting for certainty - Giuseppe Grammatico Build a business that creates freedom because success means nothing without time to enjoy it - Giuseppe Grammatico Every challenge in business is an opportunity to learn adapt and grow stronger - Giuseppe Grammatico
David Richter, author of Profit First for Real Estate Investing and founder of Simple CFO, walks through how to onboard a fractional CFO the right way so the relationship pays off from day one. He explains what makes a CFO relationship different from working with a bookkeeper or CPA and what both sides need to bring to the table.This solo episode covers the prep work that gets you clarity faster, why every relevant person on your finance team belongs in the process, and how being honest about your money mindset shapes the whole engagement. If you're about to bring on a CFO or thinking about it, this one shows you exactly what to prepare and what to expect.Timeline Summary[0:26] – David sets up the episode on how to make your CFO relationship the best right off the bat[0:44] – The difference between onboarding well and just showing up unprepared[1:08] – Why total honesty during onboarding matters more with a CFO than any other money person[1:26] – How a CFO relationship differs from a bookkeeper's transactions or a CPA's tax focus[1:47] – The reluctant spouse problem and why all relevant people need to be on the early calls[2:24] – Book recommendation on money mindset from Morgan Housel for anyone struggling with it[2:59] – Accounting for the Numberphobic for owners intimidated by balance sheets and P&Ls[3:16] – Doing the groundwork yourself so less foundation has to be laid during onboarding[3:38] – Bring your existing bookkeeper and CPA into the process to make the handoff seamless[4:16] – You're the orchestra conductor, so connect the right people to the right systems[4:32] – Why owners avoid looking at finances most when money is tightest[4:54] – Telling your CFO how you actually feel about money instead of hiding it[5:10] – What the CFO should be doing: prepping you, starting where you are, asking good questions[5:47] – Why the relationship has to be two sided, a yin and yang, not one person pouring in[6:05] – Facing hard things, building reserves, and putting systems in place for better decisions5 Key TakeawaysLead With Total Honesty — A CFO relationship works only if you share what you actually want and where you're struggling. Hiding your money mindset just slows down the results you came for.A CFO Is Not A Bookkeeper Or CPA — Bookkeepers handle transactions and CPAs handle taxes. A CFO focuses on how money affects you, how much you keep, and the mindsets holding you back.Get Everyone On The Call — If a spouse or partner shares the finances, they belong on the early calls too. A reluctant participant who checks out undermines the whole engagement.Do The Groundwork First — Reading up on Profit First, balance sheets, and money psychology before you start means less foundation to lay. You get to clarity and better decisions faster.Bring Your Whole Finance Team — You're the conductor, so introduce your existing bookkeeper and CPA to your new CFO. Connecting the right people and systems makes the handoff seamless.Links & ResourcesSimple CFO — https://simplecfo.comProfit First for Real Estate Investing by David Richter — https://profitfirstrei.comThe Psychology of Money by Morgan Housel — https://www.morganhousel.comThe Art of Spending Money by Morgan Housel — https://www.morganhousel.comAccounting for the Numberphobic by Dawn Fotopulos — https://www.harpercollinsleadership.comEnjoyed This Episode?If this gave you a clear picture of what to prepare before your first CFO call, put it to work before you sit down with anyone. Share this episode with a business owner who's been avoiding their finances, and follow the show and leave a rating and review so more real estate investors can build the kind of money relationship that actually keeps them in control.
En este episodio hablamos de cómo criar hijos seguros de sí mismos a partir de las 7 fuentes que nutren su desarrollo emocional, su autoestima y su forma de relacionarse con el mundo. Descubrirás por qué la seguridad de un hijo no se construye desde la exigencia, la perfección o el control, sino desde la presencia, la aceptación, el amor, los límites y el ejemplo diario de sus padres. Una conversación para llevar las 7 fuentes a la práctica y entender cómo cada gesto, palabra y decisión puede ayudar a formar hijos más plenos, auténticos y confiados en quienes son. 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.
“Don’t stop doing Profit First. Keep doing Profit First. Hold the line.” – RJon Robins, author of Profit First for Lawyers What happens when your law firm needs the money you’ve already allocated to profit? Making Profit Non-Negotiable In this episode, RJon explains why taking your profit first must remain a non-negotiable part of running a law firm. Through two teaching clips, he addresses one of the most common concerns law firm owners face: what to do when operating expenses or payroll create pressure to dip into your Profit account. Rather than abandoning the system, RJon shares a practical approach that protects the integrity of Profit First when your business is under financial pressure. Key Takeaways Where Profit First belongs in your budget Why profit should be treated as a non-negotiable business commitment What to do when your business needs access to Profit First funds Mentioned Listen to Break Through Your Profit First Mindset Blocks with Erika Ferenczi Connect Subscribe to the Profit First for Lawyers podcast Watch episodes on YouTube And most importantly, order your copy of Profit First for Lawyers today!
Season 26, Episode 19 - Shaun Boyce, Bobby SchindlerSummaryIn this episode, Greg Johnson from My Profit Professionals discusses how small business owners in racket sports can build financial systems that make profitability intentional rather than accidental. Greg shares practical strategies for managing cash flow, overcoming mental barriers around money, and why having an external advisor delivers ROI that most business owners never expect.Key TopicsFinancial systems for small business ownersProfit First methodology and cash flow managementParkinson's Law and why revenue disappears as fast as it comes inOvercoming ego and mental barriers in businessThe value of accountability and human coachingBehavioral economics in business growthKeywordsracket sports business, tennis business, profit first, small business finance, financial coaching, teaching pro business, profitability, cash flow management, Parkinson's Law, business accountability, My Profit Professionals, Greg Johnson, GoTennis podcast, ARA, American Racket Sports AssociationSound Bites"Most people never get taught how money should actually flow through a business.""Bet on yourself and take the leap.""Having a human coach is worth the investment."Full YouTube Video: https://youtu.be/_rQEqN5_If0Learn more about Greg: https://www.linkedin.com/in/greg-johnson-cpa/Contact Our HostsShaun Boyce, RSPA: shaun@americanracketsportsassociation.com | https://americanracketsportsassociation.com/Bobby Schindler, RSPA: schindlerb@comcast.net | https://letsgotennis.com/windermereGeovanna Boyce: geovy@regeovinate.com | https://regeovinate.com/GoTennis Website: https://letsgotennis.com/Learn more about the Marc Kaplan Media Excellence Award we (the GoTennis! Podcast) won from USTA Georgia: https://letsgotennis.com/captivate-podcast/gotennis-podcast-wins-the-marc-kaplan-media-excellence-award/Join Our CommunityCheck out the GoTennis! Atlanta Facebook page for deals, updates, events, podcasts, news, stories, coach profiles, club information, and more.Support the ShowDonate Directly: https://gotennispodcast.captivate.fm/supportCrypto Donations: Get into crypto with https://coinbase.com/join/PEWRLWK?src=referral-linkStart Your Own PodcastConsidering your own podcast? We recommend Captivate: This podcast is hosted by Captivate, try it yourself for free.
It's a common trajectory: Dental schools create great dentists, but they don't create good business owners. Kiera shares three critical (but attainable!) tips for creating a profitable, scalable, and enjoyable practice, so doctors can continue doing the work they love. Episode resources: Subscribe to The Dental A-Team podcast Schedule a Practice Assessment Leave us a review Transcript: Kiera Dent- Dental A Team (00:00) Hello, Dental A Team listeners. This is Kiera. And today I'm excited to chat with practice owners, office managers, and to kind of just talk about like what every practice owner should know. But I think a lot of us learn that too late. Myself included, I feel like business owners, I feel like we are great at our craft, but at business we learn it a little too late. And so I think that like I looked at all of our students at Midwestern and they learned how to be great dentists, but they didn't. learn how to become great business owners. And we hear this all the time. I'm not saying anything new. I just think that a lot of practices hit ceilings because it's not their clinical skills. It's the business outgrows their knowledge. It's like, hey, take me to the moon. You're like, I've never been to the moon. And so I think just being able to help practice owners today realize in office managers, like leadership systems and financial decisions really are like the core. That's why we call it the yes success model. So you, that's the leadership, systems and earnings. Like that's really what makes up a successful practice. But I feel like that feels so easy. But I want to just walk through like what are three things that every business owner needs to know to have a profitable, scalable and enjoyable practice. You guys the Dental A Team like we work with hundreds of practices across the nation from startup practices to multi-million dollar offices. And what I realize is the challenges are all the same. Like it's fundamentally stays the same. It just gets bigger or smaller based on the size of practice that you're in. And so I think so many people know how to work really hard. I think so many people outproduce their problems. I think so many people they just it I hear all the time when people are calling to work with us, like Kiera, I just don't know what I don't know. And so today I just want to go through like, let's just talk about three things that I feel like every single business owner needs to know and some tactical ways that you can implement this. So hopefully it takes you from being stuck to unstuck. If you've heard this in the past, maybe you're hearing it at a different time. I know for me these are three fundamentals that I go back to no matter what phase of the business I'm in. No matter what size of practice I'm in, none of that. So number one is going to be your leadership is like completely the like growth of your business. And your business will never outgrow your leadership. And so your business is a reflection of you as the leader. I remember reading Jocko Willink's book about that extreme ownership. And it was like everything about your business is a reflection of you. And when so when I'm frustrated of the systems or the scalability or the lack of accountability, that's me. And so when we have that. I hate this, but I love this. Is where can we get consistency? Where can we stop the firefighting? Where can we like make sure that we've got stronger accountability? And where can we make sure that the doctor's not carrying everything? Because I think so many doctors are like, I'll just do it. I got this. Like, I I'm a hard worker. I know how to GSD. I know how to get through this. But I'm like, okay, we've got to figure out how like being a leader is not just a title. How do we create more clarity and how do we create more consistency? And how do we develop leaders and owners within our organization? And so for this, like when I look at our leadership and how for you not to get stuck in that, like being a great leader is being able to make hard decisions. Being a great leader is how do I create clarity and consistency for my team? Being a great leader is how do I make sure that my team understands the numbers and we use those numbers to guide our decisions. we were going through a whole list the other day of of topics of leadership. And I was like, gosh, I like leadership is It's a journey. It's an evolution. It's not something that you just do overnight. and I think about Kiera as a leader when I first started and she was erratic. I was like, I was turbulent. I had so many pieces. but leadership is maturity. it's how do I get people to buy into a vision? How do I rally them and how do I get them to buy into a vision? How am I to be a CEO versus a manager and really understanding the difference of those two hats? How do I have time management where I Truly focus on the most important things, not just because I'm capable of doing it, but because I'm the only one that can do it. How do I delegate and work through my team? How do I like learn people and work to their strengths and work to their superpowers? Working through my team, not just working with my team, using my team. How do I have the art of influence? How do I grow my team members into incredible people? How do I see that potential when I'm hiring? How do I hire better? How do I figure like leading, managing, and holding people accountable. How do I have consistency? How am I an example, but not the one who has to do everything? how do I value my team? Do I see them as an asset or a liability? How do I help my team feel valued without being the one who does it all? Like there's a there's a there's a great quote over here today that says I cannot give you the formula for success, but I can give you the formula for failure, which is try to please everybody. And that's by Herbert Swoop. And I thought about that as I was prepping for the podcast today of That's I think in leadership where I'm not trying to please everybody. I'm going to make decisions that upset people, but I'm always going to make decisions that are in the best interest of the business. how do I own my mindset and make sure that I'm showing up with that clear, sharp mind? How do I have like mental health and grit and make sure I'm having that? What about creating culture, getting a team of ownership, having like my office manager, doctor, duo and having that relationship? What about performance management of my team? So when I look at this and I think about this, like leadership, like you developing and growing as a leader. And I think that when I go back to this of like a lot of owners just think like I owned it, I got the title of a leader. But leadership is this evolution and this journey. It's becoming, it's evolving. It's all those pieces I listed off, and yet it's not a, it's not a checklist. Like, how do I learn to listen and not react? How do I learn to have my team come up with solutions rather than me? So I rattled off a lot and all those can hit people at different phases of business. And I believe that I can check one of those off and then I can move. And then my team will double in size or our business will double in size. And I might have to go back to the beginning and the basics again of like, all right, I gotta figure out again how to work through my team. we went from having where me and our team was doing it to where now we're bringing on the C suites and the leader I need to become to manage a C suite versus the leader I needed to be. Run when Tiff and I were just running the business together. The way I act and interact with my EA and personal assistant today versus when I first had one. It's an evolution. It's a leadership. It's an evolution of who you are. And so it's how do how do we become better at leadership? And I would say listen to podcasts, read books. some I I go back to fundamentals. I read the go giver constantly, I read traction a lot. It's so but boring. Like, sorry, Gino, it's very boring. read the book, How to Be a Great Boss, Crucial Conversations, Discipline Without Punishment. Those are just some great books, but also look at great leaders and what do they do. For me, I'm a big mimic and mirror. So I talk to people, I talk to dentists that have really great cultures. This is why I love our mastermind group. I bring the best of the best of the best together. And I know because we work with all of them and I know our dentists personally, I have a lot of my great core leaders that I know are just dynamite leaders. I have them share what do they do? How do they have it? How do they have performance reviews? How do they give cr like critical feedback? Some of the dentists early on in my career. I had them practice these conversations with me, like literally would have to send me voice memos. Practice your leadership skills. Use a consultant. Let's talk through how we're gonna have this conversation, how are we gonna talk to our team about this? But really I think like if I break it down to the nuts and bolts, it's how do I get a team to buy into a vision? How do I make sure that we hold accountability and ownership? And how do I make sure that I maintain consistency and clarity? I think if I boiled it down and that's a rift on my own side, like not prepped, those would be the pieces I'd boil down. And so how do you become a stronger leader in those areas? And again, there's just indecision is worse than a wrong decision. And so just making those decisions, being more confident in yourself. someone once said like 2.0 is sitting here, and I think about Kiera 2.0, like she wasn't born, she was created. Leaders are not born, they're created. You've got to like flex and strengthen that leadership skill because your practice can never outgrow your leadership. And if you want to get to the next level of growth, whether that's financially, whether that's profitability, you have to flex and become a different leader. If you've got pure chaos in your office, that's you. If you've got people who aren't falling through, that's you. And that doesn't mean you have to go fix it. I mean, that's you tolerating that. And that's the standards of your practice. Your business will always fall, not to what you say, but what you tolerate. And so being that leader that raises the standards, I this year I was annoyed. I was like, okay, we're going for outcomes over activity. I realized I was tracking activity, but that's not moving our company forward. We need to be tracking outcomes. Our team is flourishing. But me as a leader, I need to be looking down the line and seeing, and I need to be developing myself as well. I go to the gym, I put myself into a complete fitness competition where I wanted to get to my best physical, like PRs, physical fitness. I went through A cut. I've never done a cut before. I push myself physically, mentally, often because to me that's a a different pressure test that's gonna sh like allow me to show up better as a leader as well. So it doesn't even have to just be within your practice. Discipline at the gym, discipline in working out, discipline in how you show up, discipline in how you eat, those things are going to make you a far superior leader. I will tell you. Going through a cut where I had the least amount of calories, I was the strongest, most sharpest leader I've ever been. And I was exhausted. But I knew I needed to show up and I needed to be stronger and I needed to think better ways. So those are going to be some zones hopefully that will help you on leadership. The other one that I found that a lot of people miss is we talk about so often, but systems truly do create freedom, not restrictions. And I think people think that they need to have really strong and lots of systems. And even our team was doing this, but realistically. There's just a few core systems that need to be in place. There's not a lot of systems that actually need to be there, but they do need to be consistent. They do need to be scalable, and they do need to be followed through on. And so when we look at it, our team was going through and there's there's business fundamentals like core value, vision, mission, org chart, meeting cadences, figuring out our BAM, figuring out our projections, looking at our overhead. Like those are business fundamentals. And then there's systems. And we actually broke it down and we're like, gosh, if we just put into place like 10 core. Most things are going to get better. Most things are going to get fixed. Most things are going to get resolved. But they're not sexy. They're not fun. They're not things that I'm like, my gosh, like, let me get on a podcast and tell everybody, like, let's just fix these seven items. But that's all it really is. But I think that what happens is we want to continue to scale. We want to continue to build. For me, I want to reinvent, reinvent, reinvent, reinvent. But that's actually not something that's going to grow us. And so it's like, Just having KPIs that we track and monitor and we use those to make our decisions, having a solid morning huddle with an agenda, following set meeting cadences, having proper handoffs, having a proper scheduling protocol, having case acceptance protocols, having a collections protocol, working on new patients and referrals, having a period protocol, recare reactivation. Like those are really core items that if you have those systems where you follow them and we scale them and everybody's doing it the same way, 95% of your problems get fixed. Of course, there's other ones. There's hiring, there's onboarding, there's leadership, there's all these other ones. But I think so many people don't want to just be at the basics. We want to reinvent the will. We want to do these things, like have job descriptions at the end of days. Like just do it. It's boring. It's not fun. People are like, wow, wow. We have to have a a morning huddle prep sheet. Why do pilots have checklists? Like the checklist manifesto. They create freedom, they create predictability, and they create systemization. That's all you need to do. And I found that when offices follow it, when we have it in place. And for me, I also don't want systems to be something that people have to remember. How can I have it as a true system like Chick-fil-A where their burgers come out with three pickles every single time? How do I make sure that our schedule has the same system every single time? How do I make sure that our our handoffs have the same thing every single time? And I don't have to hope that 15 team members remember it. We're gonna put this in to where we have it consistent every single time, no matter who's doing it, no matter what new team member comes in. That is scalability with systemization. And so have it documented, have it simple, have it repeatable. That's gonna get duplicated. So I think for offices, systemization really that that's the core. That's the systems. It's not sexy, but it is very, very effective. And then the third things that I think a lot of people don't realize, including myself, is you have to know your numbers better than anyone else. That's better than your CPA, better than your financial advisor. You have to know, and that's not just production, that's profit. Like I remember someone said, production feeds the ego, profit feeds the family. And I think about this all the time. Like, you have to know your production. And I'm talking net, not gross, your collections, your overhead. Then within your overhead, like what is our payroll? What is our supplies? What's our marketing? What are our labs? What's our profitability? And then what's our billing and our AR? You know those numbers. You're solid. You can make so much stronger decisions. You don't, you have financial surprises, you make poor decisions, you're on reactive rather than proactive. You grow, but you don't have profit. Like, I can't tell you how many offices I've that are singing the five, six, seven, eight million and they have no money. And I'm like, golly, you're making so much money, but you don't know how to keep the money. You gotta make the money and you gotta keep the money. All right. Like that's what we gotta do. So you have to make sure that our profit is there and we can't be willy-nilly. To me, you guys know I talk about the MMs. I do money and meditation in the morning. So triple for you morning, meditation, money. Look at it every single day. Look at your P and L. If you don't know your overhead and your profit right now without looking, you gotta know it better. You have to. And that's a doctor and an OM. You must know this number. This number creates all the drive. Profit is the only number I actually care about. Like I can sit here, we can track all the KPIs, so many things, but if your profits down, everything else in your life is hard. Your profits up, most things in your life are really easy. Money solves a lot of problems. And so let's have profit. Let's have like I'm stressed out, I'm moving my hair around. Like I don't enjoy this. This stresses me out because you've got to know your numbers better than anyone else. You don't sit here and lie, if your CPA is not delivering to you by the second of the month, like the second week of the month, get a better CPA. Like they work for you. You have to know your numbers. You have to be confident in them. And if things fill off, challenge it, question it until it gets right. Don't just sit here haphazardly. That is not a strong business owner. This one fires me up more than anything because I used to not know my numbers. My husband was like, Kiera, I don't get it. Why are you broke? And like, I don't know. Well, I learned this great thing about AR. I had like a hundred grand sitting in AR that I didn't know about. We weren't collecting properly. You better believe I fixed that real fast to where I'm never gonna be in that situation again. And you layer by layer by layer, you get more and more and more financially savvy, but you have to know your numbers better than anyone else. You know your production numbers or so, I hope. If you don't know that number, but do you know your collections? Do you know your collection percentage? Do you know your overhead? Do you know your payroll percentage? Do you know your supply sip? If you don't, You must learn that. So I'll get off my rant. But this was funny. They said production is a vanity, profitability is a reality. And I think that that's a good anchor line of yes, it is. Profitability is your reality. So your numbers are gonna tell the truth whether you choose to look at them or not. The truth is always there. Some of us don't want to like get on the scale and say weigh. I had a great trainer tell me, she's like, Kiera, that number means nothing other than giving us data and information. It's not my Self-worth, it's nothing. Just like your profitability is just a number on a scale. It just gives us data. If we spend more money on payroll, this is the number that we get. We make better decisions if we know. But I will tell you, your success, your happiness, your stress is all tied to you knowing these numbers or not. And a lot of people are like, no, no, no, I don't want to. Yeah, right. You're sitting in stress constantly that you don't even realize. So know your numbers. Schedule a monthly financial review. Commit to knowing the story behind your numbers. Like, do money meditation with me every morning. Just have your bank account on there. Just look at it every morning. Look at your PL every day. I don't care. Do not sit in excuses on your money. You're a business owner, you've got to know this. So I hope that wasn't too much of a rant. But I hope it gave you some good tips on how to have leadership. some good money books. I love Profit First by Mike McAllicks. I also love Money Master the Game by Tony Robbins. That was a long book, but it taught me a lot. there's some great financial podcasts out there. there's also some really crummy ones. I The Psychology of Money was another great one that I read that was on financial. systems, the checklist manifesto is a great one. Come up for air is a great book. There's several great books based on where you're struggling. But if you notice, this is our yes success model. You as a leader, earnings and profitability, system structure and scale. That's what it is. And every single one of those will give you the yes success model. You've got to take care of them. You've got to do leadership. You've got to do profitability. You gotta do systems. The yes success model follows constantly. So what part are you the weakest in? What part are you the strongest in? And where do you need to grow? This is the zone like you're not a great practice is not built by accident. It's intentional, it's focused, it's consistent. I had another great trainer. She said, Kiera, it's not about perfection, it's about consistency. That's I don't care if last month you didn't look at your numbers. I do care if you consistently are not looking at the numbers. You aren't, I'm not expecting perfection, but we do have to have consistency. So how can you have more consistency? And if you're feeling overwhelmed, it doesn't mean you're failing. It just means that you've outgrown the current systems, you've outgrown where you're at, you've outgrown the knowledge. It's kind of like the Wi-Fi symbol. You're just popping up to the next level. And your next level of growth comes from working harder. Like it can, but it usually comes from knowing your business better, leading better, making better decisions with finances. So this is what we're obsessed with. I love to help you. I love our team to help you. I love you to be a part of our community. We talk about this every single month. We talk about this in person. Come be a part of it. Like for me, I'm not going to get a six-pack without a trainer overseeing me. You might not be able to grow your business without a trainer overseeing you, an advisor helping you, somebody getting you out of the rut, somebody helping you get to that next Wi-Fi symbol. So let's help you out. Reach out. Hello at the Hello@TheDentalATeam.com. You guys, this is your life, your practice. And I feel like these things are not known. I feel like they're kind of known. But knowing and executing are the difference between winning and losing. Are you just gonna know the facts or are you gonna actually execute on it? The challenge is there, the choice is there, and I hope that you choose to be somebody who executes. Reach out, let's get you out of the hole. Come on, let's do Hello@TheDentalATeam.com. And as always, thanks for listening, and I'll catch you next time on the Dental A Team podcast.
“The business of a law firm is quite simply to sell and deliver legal services… You have to market, you have to sell, you have to produce, you have to deliver, you have to get paid.” – RJon Robins, author of Profit First for Lawyers If your law firm is already profitable, is Profit First for you? In this episode, we hear from law firm owner and attorney Leah Mayersohn about how she discovered that even a successful law firm can benefit from implementing Profit First. After more than two decades running a profitable law firm, Leah initially dismissed Profit First as unnecessary. It wasn’t until she accepted RJon’s challenge to open one Profit account that she discovered how much opportunity was hiding in plain sight. From stronger financial accountability and improved business systems to greater freedom and a higher quality of life, Leah shares why Profit First became about much more than increasing profit. Thinking Like a Business Owner In an audiobook clip from Chapter 5, RJon explains the difference between the job of a lawyer and the business of a law firm. That distinction resonated strongly with Leah because law school prepared her to practice law, but not how to build and run a business. That realization changed the way she approached her firm. Now, instead of working seven days a week at all hours, she is able to spend time away from her firm while it continues to grow. Her experience demonstrates that Profit First isn’t just about increasing profit. It’s about intentionally building a law firm that creates professional, personal, and financial profit for the owner. Mentioned: Chapter 5 Tea Time Segments Part 1: Marketing Part 2: Sales Part 3: Production Part 4: People Part 5: Physical Plant Part 6: Money & Metrics Part 7: You (Owner’s goals) Connect Connect directly with Leah Mayersohn: https://mayersohnlaw.com Subscribe to the Profit First for Lawyers podcast Watch episodes on YouTube And most importantly, order your copy of Profit First for Lawyers today!
You've heard the dreaded B word. Budget. Maybe you've never found one that actually sticks or maybe you're the opposite, and you feel pretty on top of your money already. Either way, this episode is going to shift how you see it.I first found Mike Michalowicz back in 2019 when I read Profit First, and it completely changed how I manage the finances here at The Pink Bee. So when his newest book, The Money Habit, came out, I devoured it. This one applies those same principles to home finances, which means you'll love it even if you're not an entrepreneur. One of my favorite parts of this conversation is when Mike and I realized his money system works exactly like the way our community already plans their time. Turns out the thing that finally makes your money make sense is treating your bank account like your calendar.In This Episode, I'll Cover:Why traditional budgets set you up to fail before you even start, and what Mike says to build instead.The number of hours a day the average person spends worrying about money, backed by a 2025 study that genuinely stopped me in my tracks.The system Mike uses to take money out of one confusing pile and give it the same at-a-glance clarity your calendar has.The one word swap that changes whether you stay buried in debt or actually dig your way out.Where to start if the whole thing feels like too much, because you do not have to do it all at once.Connect With Mike Michalowicz:www.mikemotorbike.comwww.facebook.com/MikeMichalowiczFanPage www.instagram.com/mikemichalowicz www.linkedin.com/in/mikemichalowicz ________________________________
Send us Fan MailWhat happens when your notary business finally starts working — and you still can't figure out where the money goes?That's exactly where Bill Soroka found himself the year his revenue came in at $364,000. He was driving 400 miles a day, running nine to twelve appointments five and six days a week, grinding harder than he ever had. And in November of that year, he almost couldn't pay his rent.In this episode, Bill gets real about the financial pattern that nearly swallowed his best income year whole, why earning more doesn't automatically mean keeping more, and the book that finally gave him a system that worked.You'll hear about the concept of lifestyle inflation and why it shows up at every income level — not just for six-figure earners, but for notaries depositing $150 checks too. You'll learn the core idea behind Mike Michalowicz's book Profit First, how Bill adapted the system to fit the way his brain actually works, and why automation turned out to be the piece that made everything stick.This isn't a lesson in financial theory. It's an honest, sometimes embarrassing, deeply personal story about growing up broke, building a thriving notary business, and still managing to spend every single dime of it — until one system changed the whole trajectory.Bill also shares what became possible once cash reserves started building: the investments, the opportunities, the dream trips, and the doors that opened simply because he finally had the financial foundation to say yes when the right moment showed up.If you've ever had a solid month and wondered where it all went, this episode is for you.What you'll take away from this episode:Why lifestyle inflation is a documented psychology pattern and not a discipline problemHow the Profit First system works and why the core formula flip changes everythingWhy Bill didn't follow the system exactly as written and what he did insteadThe Qapital app and how automated savings buckets made the whole thing sustainableWhy working hard is a requirement but not a complete strategyWhat actually became possible once the financial foundation was in placePick up Profit First by Mike Michalowicz on Amazon. And if you want to keep building with a community of notary professionals who are serious about creating real income and real wealth through this work, join us at skool.com/notary.
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En este episodio reflexionamos sobre el regalo más valioso que puedes darle a tus hijos: no solo bienes, oportunidades o consejos, sino tu presencia, tu ejemplo y una versión de ti más consciente. Hablamos de cómo muchos padres trabajan para darles "lo mejor", pero en el camino pueden olvidar que lo que más marca a un hijo es sentirse visto, escuchado y acompañado. Una reflexión para recordar que el verdadero legado no está solo en lo que construyes para ellos, sino en la conexión, los valores y la forma en que aprenden a vivir a través de ti. 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.
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Caylee Robles is a retired CPA turned Florida real estate agent who spent five years earning her accounting credentials at the University of Wisconsin before walking away from Deloitte to chase real estate. After six months without a paycheck, a $90,000 wholesaling run, and two years of raiding her own tax account, she built a Profit First system that now pays her a salary every 1st and 15th and could carry her through six months of zero income.David Richter and Caylee dig into why agents stay trapped in feast or famine, why she deliberately chose the lower risk agent path over investing, and the exact account structure that let her double three years of income in a single year. If you're a real estate agent or investor whose commissions land straight in your personal checking account, this episode is your wake-up call.Timeline Summary[0:33] – David sets up the episode: thinking like a business owner and building systems that keep more of your money[1:15] – Caylee shares her backstory: decided at age eight to become an accountant, earned her CPA at the University of Wisconsin[2:39] – Within a month at her first accounting job she knew she hated it, searching real estate jobs every night during busy season[3:43] – Where her "do hard things" wiring came from: two parents in sales who worked 25 years before the payoff[6:07] – The three year transition out of accounting: Deloitte auditing, a real estate internship, and an Austin transfer that closed the door[7:42] – Underwriting $1 million plus luxury leased homes across the Caribbean, Mexico, and South Florida[8:08] – Joining New Western at the end of 2022: "you eat what you kill," 75 to 80 hour weeks, and two months with no income[9:39] – Six months without making a dollar, then $90,000 in three months wholesaling with her partner[10:10] – Setting up her LLC and Profit First accounts on Relay before the money ever showed up[11:49] – The two year struggle: pulling from her tax account to pay personal credit cards during the lean stretch[13:38] – The 2025 turning point: repeat client business and splits big enough that she never touches her owner's distribution account[16:38] – Her S corp structure: salary every 1st and 15th, SEP IRA contributions, and distributions on top[17:19] – In 2025 she doubled what she made in the three prior years combined, and 2026 has already matched it[21:25] – Why agent risk beats investor risk: her downside is time, while investors she works with have $300,000 on the line[23:21] – Diversifying beyond real estate: 401k, SEP IRA, joint investments, and a 3% interest rate home that becomes a rental[29:59] – Her one move to make this week: set it up as a business with an LLC and dedicated business accounts5 Key TakeawaysTreat Yourself Like a Business Owner — Whether you're an agent or an investor, you're self-employed, and that means acting like it. An LLC, a business checking account, and dedicated tax and owner's pay accounts come before anything else.Set Up the System Before the Money Arrives — Caylee opened her Profit First accounts while she was broke, so when the $90K hit there was already a place for every dollar. The foundation matters more than the timing.Risk Your Time, Not Your Money — She left investing for the agent side on purpose. A canceled listing costs her hours, while an overleveraged flip can cost an investor six figures at inspection.Automation Removes the Willpower Problem — Money hits her Relay account and splits instantly: credit cards paid, SEP IRA funded, salary scheduled. She only touches the system when she overspends.A Buffer Buys You the Power of No — With six months of runway in the business, a slow summer doesn't create panic. Financial cushion is what turns "what do I need to do" into "what do I want to do next."Links & ResourcesSimple CFO — https://simplecfo.comFollow Caylee Robles on Instagram — https://instagram.com/thedailycayleeRelay business banking — https://relayfi.comProfit First by Mike MichalowiczEnjoyed This Episode?If Caylee's story of going from raiding her tax account to a self-paying salary every two weeks hit close to home, don't keep it to yourself. Share this episode with an agent or investor whose commissions are still landing in their personal checking account. Then follow the show and leave a rating and review so more real estate professionals can find Profit First.
David Richter, author of Profit First for Real Estate Investing and founder of Simple CFO, makes a blunt case in this solo episode: if you don't have a real reserve strategy, you don't have a real business. He walks through why most investors drain their accounts chasing the next deal and what that costs them a decade in.This episode reframes cash reserves as a growth tool rather than money sitting idle, covering how lenders view financial stability, why you should grow from reserves instead of revenue, and how one Profit First implementation gave a business owner six months of reserves for the first time in his life. If you're closing deals but living deal to deal, this one is for you.Timeline Summary[0:26] – The opening claim that a business without a reserve strategy isn't a real business[0:48] – Why real estate investors resist reserves and prefer every dollar out in deals[1:09] – Draining accounts for deals may scale you fast but won't build something that lasts[1:46] – Reserves as fire prevention instead of endless firefighting in your business[2:11] – The mastermind line that convicted David: if you're always fighting fires, you're the arsonist[2:35] – Without systems and people, you're constantly behind the eight ball on cash decisions[2:54] – The three questions you can't answer without a system: reinvest, pay yourself, or taxes[3:12] – Living deal to deal instead of paycheck to paycheck and what that does over ten years[3:29] – Why Profit First is fundamentally a reserve strategy for knowing where every dollar goes[4:05] – What lenders actually want to see and why zeroed out accounts kill your credibility[4:22] – Becoming the fire preventer instead of the firefighter through a clear cash system[4:43] – You took the chance on yourself, so the business should give you financial freedom[5:12] – Grow from your reserves, not from your revenue, and stop recycling the top line[5:33] – Where to find Profit First and the real estate investing edition David wrote[5:49] – A business owner who implemented one teaching and built six months of reserves[6:07] – Reserves as both financial peace of mind and a tool for profitable growth5 Key TakeawaysReserves Are Fire Prevention — If you're constantly putting out fires in your business, the lack of a cash buffer is what keeps lighting them. Reserves stop the emergencies before they start.Living Deal To Deal Is A Trap — Closing a deal, dropping the cash in the bank, and repeating for a decade leaves you broke with nothing to show. Volume without a system doesn't build wealth.Lenders Fund Financial Stability — Savvy investors and lenders don't want to see accounts drained to zero on every deal. Reserves make you fundable, which means reserves help you grow.Grow From Reserves, Not Revenue — Plowing every dollar of top line back into the business just recycles revenue. Real scale comes from a reserve cycle that keeps building.One Change Can Create Six Months — A business owner who had lived in financial chaos his whole career implemented a single Profit First teaching and built six months of reserves within a year.Links & ResourcesSimple CFO — https://simplecfo.comProfit First for Real Estate Investing by David Richter — https://profitfirstrei.comProfit First by Mike Michalowicz — https://mikemichalowicz.com/profit-firstEnjoyed This Episode?If the line about being the arsonist in your own business landed a little too close to home, that's the wake up call. Share this episode with an investor who's still draining their accounts for every deal, and follow the show and leave a rating and review so more real estate investors can build reserves that actually protect them.
En este episodio hablamos de cómo aplicar Profit First en tu empresa para dejar de administrar el dinero solo después de pagar gastos, deudas y urgencias. Descubrirás por qué la utilidad no debería ser "lo que sobra", sino una decisión financiera que se separa desde el inicio para darle más orden, claridad y estabilidad al negocio. Una conversación para entender cómo este método puede ayudarte a manejar mejor tu flujo de efectivo, tomar decisiones con más conciencia y construir una empresa que no solo venda, sino que también genere ganancias reales. 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.
Is your business creating freedom or financial chaos?In this episode of the Know Your Numbers Podcast, Chris McCormack shares four proven financial systems that help business owners regain control of their money, reduce stress, and build a business that works for them. Learn why monthly bookkeeping, YNAB (You Need A Budget), Profit First, and regular financial reviews can transform your cash flow, improve profitability, and eliminate the constant anxiety of running a business.Whether you're an entrepreneur, small business owner, or real estate investor, these practical systems will help you organize your finances, make smarter decisions, and create lasting financial freedom.If this episode helps you, Like, Follow, and Share to support more business owners on their journey to financial freedom. ••••••••••••••••••••••••••••••••••••••••••••➤➤➤ To become a client, schedule a call with our team➤➤ https://www.betterbooksaccounting.co/booking-calendar/better-books-consultation••••••••••••••••••••••••••••••••••••••••••••Connect with Better Books on Social MediaFacebook: https://www.facebook.com/betterbooksaccounting.coInstagram: https://www.instagram.com/betterbooksaccounting.co→ → → SUBSCRIBE TO BETTER BOOKS' YOUTUBE CHANNEL NOW ← ← ← https://www.youtube.com/@betterbooksaccountingThe Know Your Numbers REI podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.
“Do not let perfectionism be the enemy of profitability. Profitability and perfect rarely go together. Imperfect and profitable? They get along great.” – RJon Robins, author of Profit First for Lawyers Progress Beats Perfection Perfection keeps too many law firm owners from taking the very actions that make their firms more profitable. Let’s face it: how many opportunities have you missed because you were waiting for the perfect time, the perfect plan, or the perfect solution? In this milestone 100th episode of the Profit First for Lawyers podcast, Karli revisits one of RJon’s most enduring lessons: profitable businesses are built through consistent action, not perfect execution. This episode explores why Profit First does not require a perfect implementation to start delivering results. Whether you’re opening your first Profit First account, launching a new service, or tackling a project you’ve been putting off, you’ll discover why small, imperfect steps often create the biggest breakthroughs. Imperfect Beginnings: From 0-100 As she reflects on reaching 100 episodes, Karli shares the story of launching this podcast while RJon was in Paris and the release of Profit First for Lawyers was only weeks away. Looking back, she realizes that waiting for everything to be perfect would have meant never getting started. Even if that first attempt makes you wince later, sometimes the most profitable decision you can make is simply to begin. Mentioned: Episode 1: Why You’re Afraid of Profit Episode 40: Enjoy the Suck featuring Ron Saharyan How To Manage a Small Law Firm Connect Subscribe to the Profit First for Lawyers podcast Watch episodes on YouTube And most importantly, order your copy of Profit First for Lawyers today!
Running an elementary school in rural British Columbia hasn't stopped this Ruckus Maker from building an indoor worm farm, growing hydroponic lettuce, and taking a self-funded year off to reset — proof that a principal's personality is not a distraction from the job. Dan Watt is a Mastermind Coach inside the Ruckus Maker community and a recurring co-host of the Ruckuscast, known for turning "pay yourself first" into a leadership philosophy that's kept him energized four years into the role. Joining him is Mitch Weathers, CEO and author of Executive Functions for Every Classroom, whose work on entry plans and executive functioning has become required reading for school leaders trying to build systems that actually stick. Find them both at betterleadersbetterschools.com. Principal burnout doesn't start with too many emails — it starts the moment you decide the job requires you to leave your actual personality at the door. This episode is an Adorable Red Hats reunion where two veteran school leaders make the case that worm farms, hydroponics, and paying yourself first aren't distractions from leadership — they're the thing that makes it sustainable.
In this episode of Living Off Rentals, we are joined by the CEO of Simple CFO and the author of "Profit First for Real Estate Investing." David Richter returns to the show to explain why so many real estate investors struggle with cash flow, even as their businesses grow. Listen as he explains how the Profit First system helps investors gain financial clarity, reduce stress, and build a business that supports the life they actually want. You'll also learn practical strategies for managing cash flow and making smarter financial decisions as your business grows. Key Takeaways: [00:00] Introducing David Richter and his background [03:42] His background in real estate [07:20] Understanding the Profit First system and how it works [09:18] The actual Profit First setup [11:22] The five core bank accounts every real estate business should have [12:57] First account: Income account [13:10] Profit Account, Owner's Comp Account, and Tax Account [14:22] What is an OpEx Account? [19:30] Weekly, monthly, and quarterly habits for managing cash flow [26:28] The four stages of becoming a successful business owner [34:17] What a fractional CFO does [36:33] How a fractional CFO lays the financial foundation [41:25] The habits that separate successful business owners from those who struggle [46:48] Systems matter more than hustle for long-term success [47:45] Profit First is not just a system but a tool for your business [49:47] Connect with David Richter [51:28] Outro Guest Links: Website: https://simplecfo.com/gift Show Links: Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals Living Off Rentals Website – https://www.livingoffrentals.com/ Living Off Rentals Instagram – instagram.com/livingoffrentals Living Off Rentals TikTok – tiktok.com/@livingoffrentals Want to start investing in short-term rentals? Book a call to see if my STR Blueprint program is a good fit for you: livingoffrentals.com/call
Money stress doesn't have to be the price of running a successful therapy practice. In this episode, I sit down with Profit First expert and therapist bookkeeper Andrea Rotondo to talk about one of the most overlooked parts of private practice: creating a financial system that gives you clarity instead of constant anxiety. We unpack how the Profit First framework works specifically for therapists, why simply looking at your bank balance can be misleading, and how organizing your money with intention can help you prepare for taxes, annual expenses, payroll, vacations, and future growth without the last minute panic. We also discuss the difference between paying yourself and earning true profit as a business owner, why even starting with just 1% can make a meaningful difference, and how building healthy financial systems can create more freedom, confidence, and sustainability in both your business and your personal life. Topics Covered in this Episode: 2:18 - Why so many therapists avoid their finances and what it may be costing them 6:08 - The real meaning behind the Profit First philosophy and why it is not about putting money before people 10:45 - The simple bank account system that can completely change how you view your business finances 14:32 - How often you should move money and why timing matters more than you think 17:42 - The financial habit that can help you finally feel in control of your practice 20:12 - Why your profit account should never be confused with your paycheck 21:58 - The surprisingly simple way to start implementing Profit First without overwhelming yourself 24:08 - How quarterly profit distributions can become one of the most rewarding parts of owning a practice Resources Mentioned: Andrea's Website: https://www.liquidcentsbookkeeping.com/ Connect with Andrea on LinkedIn: https://www.linkedin.com/in/andrearotondo1/ Connect with Andrea on IG: https://www.instagram.com/andrea.rotondo/ Find out more about Alma here: helloalma.com/danielle Take 50% off your first 3 months of Simple Practice + a 7 day free trial using the link: simplepractice.com/danielle Fill Up Therapists: $0-$60k If you are needing more private pay clients in your practice in 2026, the Practice Accelerator is the perfect fit for you. Use the code ALLIN as a podcast listener to get $100 off at checkout. Scale Up Therapists: $60-$200k+ Group practice owners, content creators and therapists scaling beyond 1-1. Apply here for the next round of Scale Up Mastermind where I help therapists create additional revenue streams and scale to multi six and seven figures.
“If you’ve got no profit, then you can’t do great marketing that gives you the option to say, ‘No thank you,’ to a bad client or even the wrong client with the wrong case.” – RJon Robins on Love Thy Lawyer podcast In this special bonus episode, we’re sharing RJon’s appearance on the Love Thy Lawyer podcast, hosted by Louis Goodman. The conversation goes beyond the principles in Profit First for Lawyers to explore what shaped RJon’s philosophy on law firm management. He reflects on the lessons he learned as a young law firm owner, the guidance that changed the course of his career, and why helping lawyers build profitable businesses became his life’s work. Those experiences became the foundation of what eventually became How To Manage a Small Law Firm. When it comes to profit, RJon offers practical, real-world insight into why so many law firm owners struggle with the business side of their firms. He shares why profitability creates more than financial security. It gives law firm owners the freedom to make better decisions for their clients, their teams, and their families. These are the same core concepts found throughout Profit First for Lawyers. This episode includes a pre-order announcement for RJon’s forthcoming book, Truth, Lies, Mistakes, or Bullshit, co-authored with John David Mann. Mentioned: Love Thy Lawyer podcast hosted by Louis Goodman– RJon Robins Interview podcast audio or podcast video Pre-order: Truth, Lies, Mistakes, or Bullshit by RJon Robins and John David Mann Learn more about How To Manage a Small Law Firm Connect Subscribe to the Profit First for Lawyers podcast Watch episodes on YouTube And most importantly, order your copy of Profit First for Lawyers today!
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Zach Richards is a private lender and co-founder of REI Capital Guys, who made his first private loan in July 2020 using $100,000 of his own savings while still working a software job. He now runs a lending fund with his business partner, doing loans across the country while living rurally in New England, keeping bees, and volunteering with mountain search and rescue.This episode covers how to break into private lending, how lenders structure deals differently than banks, and how to put idle capital in your Profit First tax and reserve accounts to work. If you have money sitting on the sidelines in a savings account, an old 401(k), or an IRA and you want it working harder, this conversation is for you.Timeline Summary[1:43] – Zach's background and why private lending appealed more than managing tenants[2:28] – The nightmare tenant in his duplex that soured him on rentals for good[3:10] – Three to four months of books, attorneys, and local meetups before ever lending a dollar[3:37] – His first deal in July 2020, a $100,000 loan to an experienced flipper that paid back in six months[4:44] – Why a good attorney on your loan documents is the difference between safety and disaster[5:29] – Zach admits the $100,000 was the bulk of his savings and how he talked himself into it[6:31] – How private lenders beat banks on speed by lending against the asset, not your tax returns[6:52] – His actual terms: 80% of purchase, 100% of repairs, up to 65% to 70% of ARV[7:43] – Why relationships matter so much that repeat borrowers get a yes over text[8:46] – The mental shift from a stable W2 paycheck to lumpy business owner cash flow[10:38] – The software engineer who had to force himself to build relationships instead of hiding in numbers[11:37] – Why he and his partner merged two separate lending companies to launch a fund[13:17] – The partnership secret: a disagreement is usually a different route to the same goal[18:17] – Whether you should move Profit First tax and reserve money out of low-yield bank accounts[19:13] – The liquidity rule: don't buy property with tax money, but shorter-term lending can work[21:04] – Why a borrower with a Profit First system looks more organized and more likely to execute[22:17] – What he's seeing in the market with properties sitting 30 to 45 days instead of selling overnight[24:08] – When to get into private lending and how to lend from a self-directed IRA or HELOC5 Key TakeawaysPreparation Beats A Track Record — Zach underwrote his first deal with zero lending history because he spent months on books, attorneys, and meetups first. The prep work is what made his first loan a win instead of a lesson.Private Lenders Win On Speed — Banks want tax returns, pay stubs, and 30 days. Private lenders underwrite the asset, which is why a flipper will pay more for a fast close and a real relationship.Know Your Stress Tolerance — Going from a W2 paycheck to business owner income means great months and dead ones. Learning to sit with that swing is a skill you have to build on purpose.Idle Capital Is Costing You — Money parked in Profit First tax and reserve accounts earning 1% could be lent out instead. Just respect liquidity so the cash is back when you need it.Build The Business Around The Life — Zach designed a business in a backpack so he could live rurally, keep bees, and run search and rescue. Putting first things first is the Profit First mindset applied beyond money.Links & ResourcesREI Capital Guys Self-Directed Rollover Guide — https://reicapitalguys.community/rollover-guide Simple CFO — https://simplecfo.com • Email Zach Richards — zach@reicapitalguys.comEnjoyed This Episode?If Zach's story about turning $100,000 in savings into a private lending fund got you thinking about the money sitting idle in your own accounts, don't let it keep collecting dust. Share this episode with an investor who's been curious about getting on the lending side of the table, and follow the show and leave a rating and review so more real estate investors can find these conversations.
In this episode of the #DoorGrowShow, Jason Hull sits down with entrepreneur, author, and business strategist Leigh Angman to explore the principles behind building sustainable, profitable businesses. Leigh introduces the SPRUCTIS framework, a system focused on profitability, systems, communication, technology, integrity, and sales. Jason and Leigh discuss why so many business owners operate without knowing their true financial health, the importance of surrounding yourself with people who elevate your business, and how documenting processes protects long-term growth. They also dive into the mindset behind entrepreneurial success, including the power of "delusional optimism," making decisions through the Pleasure Utility Determinant (PUD), and why success often comes down to consistently making slightly more right decisions than wrong ones. You'll Learn [00:00] Introduction to Leigh Angman and the SPRUCTIS Framework [01:29] Leigh's First Entrepreneurial Lesson at Six Years Old [05:07] Why Every Business Owner Should Know Their Profitability [06:22]] Breaking Down the SPRUCTIS Business Framework [15:02 Delusional Optimism and Thinking Beyond Realistic Goals [21:13] The Pleasure Utility Determinant (PUD) Explained [24:13] Better Decision-Making Through Value and Mindset Quotables "You cannot make intelligent decisions about your business if you don't know what your financial health is." — Leigh Angman " "The only way that I've been able to find success... is to surround myself with people that are smarter than I am." — Leigh Angman ""If you think you can or you cannot, you're absolutely correct." — Leigh Angman Resources DoorGrow and Scale Mastermind DoorGrow Academy DoorGrow on YouTube DoorGrowClub DoorGrowLive Transcript Jason Hull (00:00) All right, I'm Jason Hull, the owner and founder of DoorGrow, the world's leading and most comprehensive coaching and consulting firm for long-term residential property management entrepreneurs. For over a decade and a half, we have brought innovative strategies and optimization to the property management industry. At DoorGrow, we are on a mission to transform property management business owners and their businesses. We want to transform the industry, eliminate the BS, build awareness, change perception, expand the market, and help the best property management entrepreneurs win. Now let's get into the show. In today's episode, here on the DoorGrow Show, we have Lee Angman, serial entrepreneur, business strategist, author of Spruptus from Insight to Action with over 20 years of experience founding and scaling companies across hospitality, tech, and real estate. Lee is going to be sharing his practical framework for small to medium-sized business success. And we're going to talk dive into a bunch of topics like mindset, delusional optimism, and the pleasure utility determinant PUD for redef redefining success and the best free technology tools entrepreneurs can leverage to scale smarter. Lee, welcome to the DoorGrow Show. Leigh Angman (01:12) Thank you so much, Jason. ⁓ it's a pleasure to be here. Jason Hull (01:15) Great, so where I'd love to start is why don't we dig into your background? I want people to get a feel for who you are and how you sort of arrived where you are right now in life in your entrepreneurial journey. How did your entrepreneurial journey sort of start? Leigh Angman (01:29) ⁓ I I like to talk about the first taste of entrepreneurialism that I got. I was six years old and I was at a a rodeo in the the north of British Columbia, province of British Columbia. I'm Canadian up here. And I was sitting with my family and watching this is this was, you know, 40 something years ago, ⁓ and watching rodeo events. And my father just kind of leaned over to me and he said, Hey, take a look around, what do you see? And I saw, of course, a bunch of ⁓ recyclable bottles that the friendly patrons of this rodeo had been consuming during the day. And he said, you know, if you round those up, because they're just at people's feet and you take them back to the point of purchase, they'll give you you know, for X number of bottles that you out, they'll they'll give you a quarter. And I said, You kidding me? He said, No, go ahead. So I started and I excuse me, could I could I get that? Could I get that? Remember, I was only six years old at the time. So it was very interesting. And I, and I certainly recall thinking about that beautiful sunny day many times, you know, 12, 15 years later when I was working at a at a you know, a fast food restaurant or a gas station. It was in those days, no matter how hard I worked, I got paid the same. And I much, much preferred that original story of being back and being able to work harder or work smarter. and it and it took several years after working in in restaurants to get into the entrepreneur world. But it's been over 25 years now since I have have been kind of owning and operating businesses. And Jason Hull (02:36) Yeah. Leigh Angman (02:59) I like to say that the the worst possible definition of hell that I can imagine is being at a desk on Monday morning at nine o'clock simply because Mr. Johnson tells me that I have to be there. Jason Hull (03:09) Alright, well let's see if we can all win against Mr. Johnson. So all right, so ⁓ cool. Well let's let's get into the topic topics at hand. where should we start? ⁓ y we could start with the spructus or we could start with ⁓ you know, some of your mindset things, what w we Leigh Angman (03:26) Sure. They all they all flow from the book. I took two years and launched last November, two years to write a book. I found myself ⁓ evolving processes that have been applied to various businesses that I have owned and operated, been a part of. and most recently we I I've owned I've owned restaurants and pubs in Vancouver for twenty-three years now, give or take. and What I like to say, and when I'm speaking to other entrepreneurs and business owners about this, is do you know what your profitability is every two weeks? And if they say yes, then there's not much I could do to help them. But there's you'd be surprised how many entrepreneurs that operate small to medium businesses, and I define that as something that does up to about $15 million in annual revenue. you'd be surprised how many of those people don't know what their profitability is. Until you know a couple of weeks after their chartered accountant delivers them their financials at the end of the year. And it's a terribly frightening concept for me to absorb that you cannot make intelligent decisions about your business if you don't know what your financial health is. So Spructus, which is the name of the book that I wrote, which stands for systems, processes, redundancy, urgency, communication, technology, integrity, and sales. Is really a framework that covers a lot of those things that are defined by the individual letters of the word. But but one of the very most important parts of it in there, it clearly defines a framework that has been refined over the last 15 or 20 years that allows us complete insight into the business. ⁓ we know what our profitability is to the penny every eight to fourteen days. And if there's anything that someone takes from that book, it's a very clear roadmap to exactly how to do that with any kind of a ⁓ you know, a self-owned business. So that's the core foundation for the book. Jason Hull (05:07) Mm-hmm. Yeah. You know, I love I love the idea of focusing on profit. I've had Mike McAllowicz on the show and he has booked Profit First. So I don't know if you have any way to connect this to that in any way, positively or negatively, if how you feel about that. But I know that just even a business setting aside a certain amount for profit so that they actually have some profit is a great s like really large baby step that they need to take. So Leigh Angman (05:27) Okay. Yeah. Yeah, absolutely. I I think and one of the things I say to my partners all the time when I deliver them news about you know where we where you sit financially, there's you you don't turn a profit every single period or every single month. We operate on four week periods for various reasons, but just knowing where you are, even if you're in a loss, it's just knowing that that position in which you sit. that allows you to make those intelligent decisions about how to support the growth and sustaining of your business. Jason Hull (06:16) Got it. Yeah. Love it. Alright, so ⁓ should we go through the framework? Or Leigh Angman (06:22) Yeah, quickly I'll go through them. redundancy is not in the way that that people are made redundant and made irrelevant, but it's all always about not siloing your brilliance and being able to ensure that there's not one really smart person in the business that only knows how to do a particular amount of things ⁓ that that nobody else knows. So if they are lost for any particular reason, the business is in in dire need of ⁓ Jason Hull (06:41) Yeah. Leigh Angman (06:49) Or in in big trouble. one sidebar on that is, you know, I I always say the only way that I've been able to find success in the last 25 years of owning and operating businesses is to surround myself with people that are smarter than I am. and it's not difficult to do. ⁓ but you know, really, I am not aware of any entrepreneur, and maybe AI is changing this, but to date, I'm not aware of any entrepreneur that has created a massively successful business exclusively on their own. So Jason Hull (07:15) Yeah. Leigh Angman (07:15) That idea that there's some very smart people in your business is critical for its success so that they can do things that you're not talented at. Obviously, each person in that equation has to bring something to the table. and they can specialize it. but they should absolutely share and document the items that they specialize in that could allow someone else to take over. Urgency also factors its way into lots of other things. There's lots of examples where urgency is is very, very critical. And I spoke about how these topics intertwine with each other, urgency in communication, urgency in systems and processes that you you know, that you under that you were involved with, urgency in your sales. So you could see how all of these kind of things start to cross-reference each other in a bit of a matrix. technology is is an incredibly important part to any business. I've watched it change. and we're obviously in a time where communication is 24-7. Your ability to get information from the internet is 24-7. ⁓ but leaning into that kind of technology, AI is a perfect example of the modern version of of you know the latest and greatest advance in technology. ⁓ you have to lean into these new technologies or else they're not going to be. Jason Hull (08:27) Yeah. Leigh Angman (08:31) you're you're not you're just not going to gonna be able to sustain your business. my experience has found that has led me to believe that without integrity, your success is not long lived. Jason Hull (08:34) Right. Leigh Angman (08:42) It's short-lived and it's and it's ⁓ a lack of integrity absolutely can lead you to finding short-term success. But ⁓ my in my life I have certainly you know shot for a lot deeper than that. ⁓ it's hard to sell things, it's hard to operate a business, it's hard to start a business if you have integrity. ⁓ I have found anyways that a long-term more sustainable sense of success has been achieved. And then of course doesn't matter whether you're a a butcher, a baker, or a candlestick maker, as long if you can't sell your product, you're you know, it's the it's that exchange of of of of monetary documents for your goods or services that lead to your ability to sustain that business. that. Jason Hull (09:25) I love it. I I really resonate with that. I you know, just going through it, some of the things that popped out to me, you know, we you were talking about having smarter people and yeah, if it it if you don't have systems, processes, and redundancy, you're vulnerable. And y you can be in a really dangerous spot. And we have a client that he had like three hundred doors in his property management business. Leigh Angman (09:42) Absolutely. Jason Hull (09:50) And he lost one key team member and then his entire team fell apart and he realized that person was carrying everybody. And so he laid everybody else off. And so he had total team turnover twice in like a really short time period, in like months. And so his hair was on fire. He was so strong. And so we had to help him build a hiring system, but and then make sure we get good people. But a lot of companies build teams, but they don't realize and they think they need processes. I call it the process myth, but what I find is usually they just need better people. Better pe people that have integrity, people that share their values. And when that's off, they're always spending way too much money on people. So Leigh Angman (10:19) Fair. Yeah, absolutely. on that exact note, I was ⁓ a recruiter in New York and Vancouver in the very late nineties and early two thousands. And very quickly early in my career, I found that there were two types of hiring managers. One when when we brought them what we called a rock star, was a a super high-end ⁓ candidate for a position. When we brought a rock star to the table, one type, Which was, of course, the very successful type was the one that embraced them and was excited about bringing this wildly intelligent person into the fold of their business. and it always led to sustainable long-term growth and that kind of result. Whereas you had the other type of hiring manager that was paranoid that this new amazing person was going to steal their job, was going to make them look bad. and and it's a it's just awful. I just did not. like to work with that type of hiring manager at all. So you're very right. You know, the idea that surrounding yourself with those right people, it is the kind of decision that one makes that allows you to build those systems and processes in place. But finding the right people is is key to the success in any business. Absolutely, I found. Jason Hull (11:34) Yeah, very true. It's a it's it's really interesting. We see that even with clients, that if they're positive active versus be versus being negative active, meaning they're actively trying to figure out how to make things work, how this could work, they're looking through a positive lens versus actively finding flaw or fault or sabotaging the they they prove themselves right either way in in our own programs. And so the positive active clients are the ones we filter and look for, right? you mentioned urgency. I'm like I had a problem with sales for a bit and it was I had tons of stuff in our pipeline. We were having lots of great conversations. Everybody loved what our offer was, yet nobody was closing. And it was simply because we lacked questions around urgency. And so just adding in the element of urgency really ramped up sales. It was just questions like, Why would it matter for you to do this now? Or does it even matter at all? And letting them figure out and find the reason there might be some urgency. So that made a massive difference. communication, I love that. speaking with people rather than talking to. Yeah, if you're not having a conversation, then you're not learning and you're not listening. And and the last thing you want to be as a as a CEO or a boss or an owner of a business is the Emperor with No Clothes, where everybody just says yes to everything that you say and everybody comes to you and asks you to do all the thinking for them. And this is where business owners build a team and they don't they're it they do it blindly or unknowingly initially, but they don't understand why won't my team just think for themselves? Well you designed it that way. Leigh Angman (13:00) Yeah, you have not empowered them to do so. Jason Hull (13:02) Right. And so, yeah, because the safest thing in the world is to have them have you do the thinking for them. Then they can't get fired for doing what you told them to do, you know. But yeah, empowering them to do it and motivating them to do it. And then you mentioned technology. Lots of people are leaning in into AI now. Yeah, integrity I think is paramount because there's nothing ⁓ greater than character to elevate somebody. If somebody has great character, they rise up in any organization Any system they're in, any friend group that they're in, integrity, like character, people recognize that this is a person that they can rely on, that gets things done, that has their life together. in any situation that my wife and I are in, we tend to always rise to the top. And I believe the secret is just care good character. And ⁓ the shortcut is a shortcut in life. ⁓ I'm really inspired by one of my mentors, ⁓ Sharon Shrivatsa. He was the CEO of Real. Leigh Angman (13:49) It's yes. Jason Hull (13:58) He's now the CEO of the Alex and Layla Hermosis Companies, Company Umacquisition.com. But I was in a little mastermind with him, and he was just, he's this gentleman that came to the US from India, had like got r got robbed right as he entered the US. He convinced the person mugging him, taking his money, to give him a little bit back so he could book a a r ⁓ a ride somewhere. and ⁓ get a tr a train or a bus or something. And ⁓ and even when he was in school he was like dumpster diving to get food out and now he's a billionaire, right? And so he always found ways to be the best. And he always has operated with integrity at the core of that. And who he was is what really elevated him, I believe, to where he's at now. He's also a brilliant thinker, but I think it's a sign of intelligence. To live with integrity. So yeah. So and then sales. Leigh Angman (14:53) Amen. Jason Hull (14:55) really, really great stuff. So I I love mindset. Let's get into this mindset of delusional optimism. What tell me about this? Leigh Angman (15:02) Okay. ⁓ I love the expression. I tell my 15 year old son this all the time. If you think you can or you cannot, you're absolutely correct, right? How you set yourself up for success and I talk about the idea also, it's it's not just about how you think, but it's how you prepare to think. Are you set? Are you established? Are you you know, ready to take on the next challenges that as an entrepreneur come to you all the time? A way that I always like to describe. I can't remember who said this, but I I I've latched on to this quote. It's being an entrepreneur entrepreneur is like waking up every morning and getting hit in the face with a baseball bat. And having the occasional pieces of positive reinforcement to remind you to keep going. Okay. So this concept that that ⁓ those that have not owned and operated their own businesses tend to not see as deeply as fellow entrepreneurs is that there's always going to be another fire to put out. And it's not, I believe in the law of attraction as well. So it's not like you're attracting these things, but you have to understand that it's they're gonna come to you. No matter what you do, there's going to be a challenge. There's no safety net in running your own business. You are the one that is responsible for making the decisions to push things forward. And when we talk about delusional optimism, it's really setting your mindset in a proper way to establish that you are going to do that thing. some people call it manifestation. there's other words for it. So I was saying, you know, in all the things that I've read, I'm not reinventing these things. I am just saying, look, these are this is a collection of ideas that have that I have cobbled together and learned about over the last several, you know, decades to that that have just given me blatant positive feedback that what I am doing is at least the right, you know, decision. And making that right decision 51% of the time is what you have to do to find that success, right? That shouldn't be the goal, but That's the the bare minimum. in terms of this delusional optimism, it comes down to the car that you're going to get, the relationship that you want, the the you know, the the the house that you want. And it's not all material things by any stretch of the imagination, but the body that you've wanted, you know, all of these kinds of things. you know, when it comes to a sales topic or a sales call. I know statistically, there's zero way, zero percent chance that I am closing all of the deals that I go into. But I can promise you the little pep talk that I give myself prior to going into any sales call is you've closed this. It's done. I'm not looking past the process that needs to occur to get there, but I am absolutely seeing that sale closed. It, you know, it you you could apply this to so many elements of your life. Jason Hull (17:51) ja Leigh Angman (17:56) Doesn't matter what it is, if you want it, the only thing from stopping you from getting there is you. despite all odds believing that you're going to achieve exactly what you want to achieve. Make sense? Jason Hull (18:08) Yeah, totally I think it ties back into what I had mentioned about being positive active. we yeah, you have to be optimistic. You have to believe it before you can achieve it. And you know, it's it's I feel like it's as simple as turning on a light switch. If you don't believe the light switch works, you're not even gonna try turning it on. And it's not hard to turn on a light switch. Leigh Angman (18:17) Yes, love that one. Jason Hull (18:28) But you won't even attempt it if you're like, yeah, I don't think there's power in this building. Yeah. And so it's it doesn't necessarily have to have to be hard. There is a place certainly for hard work, but it just being optimistic certainly makes everything less hard. Because we're creating our own limitation, our own barriers. We're not trying things that could work or could be. And I've seen, you know, business owners that were delusionally optimistic. Like I had a client who decided. Leigh Angman (18:30) Absolutely. Jason Hull (18:55) He felt it was hard getting to his first 100 doors. And so he decided, I want to be at a thousand by the end of this year. And he and he did it. He went and walked into property management businesses, met met them, met the business owner, shook hands and said, Hey, would love to buy your company. And he found a 900-door owner that was willing to sell. And he was at a thousand doors by the end of that year. And so, but if he didn't have that level of optimism, Leigh Angman (19:01) Amazing. Jason Hull (19:19) And that sort of impossible goal, if you will, he wouldn't have tried that. He would have done what everybody else does. Well, I'm gonna see if I can be realistic and get a hundred doors this year. I've I'm a really big fan of Ben Hardy, Dr. Benjamin Hardy. He's in a master men. And ⁓ he shared with us down in Mexico this his newest book, which is The Science of Scaling. And he talks about in this these different sort of goals, and I kind of built my own mental model around this, these three levels of goal setting. But the basic idea is level one is their survival goals. These are where it's terrible to live, right? We make bad decisions usually from this place. It's like I need to get money in. And the next level goals are realistic goals. That's level two. And so this is where we focus on something, but this is where our brain kind of caps our thinking because we already know how to do it. It's just work harder. And so we're not a visionary at that point. But when we shift into a impossible goals The goal becomes a tool to change our thinking, he talks about in his book. And so he says we either use time by collapsing time down to something that makes the goal impossible, or we make the goal so much bigger, like 10x bigger, to make it impossible. But either way, it changes the path and it changes our level of thinking, and then we become a visionary. And when we hold space for these goals that others would say are impossible. Because if we focus on just what's realistic, then the challenge is we cap our own thinking because our brain already knows how to do Leigh Angman (20:40) Absolutely. Jason Hull (20:40) And it's like right. And so, so this really ties into that. I I love that, I love that so much. And I've seen people when they shift into having a big enough goal, they become optimistic. If they can just hold space for a big enough goal that is currently impossible to their current realistic negative brain, it forces them to shift into into what I call a playground where we're playing with ideas. Whereas when we're realistic, realistic goals are like a yardstick by which we beat ourselves up with. 'Cause we rarely rarely hit them. It's always a linear, difficult path of a lot of hard work and multiple steps, if that makes sense. So yeah, I love this. Love this so much. So tell me what is a pleasure utility determinant? Leigh Angman (21:13) Mm-hmm. Absolutely. the amount of effort or energy or dollars that you spend to achieve a particular thing for one or two or three choices, up to an infinite number of choices, it it if you think about things in that frame, right? It allows you to more easily make decisions about what to do. And I speak all the time that life is just a series of wagers. Every single day you're making choices whether to go A or B in terms of a different direction. And we need things to help us make choices in this world. It's just one, like I said, started as an amusing thing, but factored into business decisions. It's not always about getting the thing for the cheapest. It's about deriving the most amount of pleasure or success from the decision that you've made based on a number of parameters. Make sense? Jason Hull (22:12) Yeah, I love it. When people get too hyperfixated on one currency, and and one of my mentors talked about, you dropped a few of them right here. t s his name's Alex Sharfin and he talks about the five currencies of time, energy, focus, cash, and effort. And these things we have to invest in life and in our own business. And ⁓ yeah, and a lot of business owners I've noticed will continually invest. And focus on the business, but not on taking care of themselves. How they initially build their teams. This is always the solopreneur transitioning to having a team. I call this the team sand trap after they get past the solopreneur sand trap. But in this team sand trap, they always build a team around the way they thought as an on as a solopreneur. And that the and so they always end up with the wrong team because they s they're building this entire team around themselves, but they are showing up as the wrong puzzle piece at the center. And because they're not focused on what they want. They're not focused on what they need. They're just continually giving the business what it needs. And then the business becomes almost like their master. It's like a high chair tyrant flinging food in their face. You know, if anybody has kids listening, you should not be just giving this thing everything that it always asked for or needs or wants. To the exclusion or the detriment of yourself. You gotta be taking care of yourself. That's the other lens. And so I like this idea of figuring out, all right, how do I figure out the pleasure utility determinant related to this thing I'm making a decision about? How is this going to benefit or serve me? And is this giving me more of what I call the four reasons for starting a business: of more fulfillment, more freedom, more contribution, and more support? If it's not giving us more of those four things, then we're losing those. And it's very easy to make more and more money and have less freedom, have less fulfillment, have less contribution and have less support. And then we end up very miserable, even though we're in control of it all. So we just made a tactical bad mistake. We designed the business the wrong way. And it's our choice how we design it. Leigh Angman (24:13) if you seek value, whether it's in people, whether it's in your business, whether it's in something that you acquire, whether it's an experience that you are that you were having, ⁓ and and again, it's not value for money, it's value for those other currencies that you just explained, right? Your time, your energy, your focus, these kinds of things. ⁓ it's a it's a almost a comical concept, but if you apply it in a serious manner and you you just allow yourself, it's just a tiny little tool. Jason Hull (24:31) Yeah. Leigh Angman (24:41) To allow yourself to become ⁓ in a positive mindset framework. It's again, I taught I mentioned this very early on in our chat here today. It's not about just thinking, it's about how you prepare to think. It's just yet another one of these little tools that helps you prepare to think about how you're going to solve the series of wagers that are put in front of you every single day. As an entrepreneur or as a as a life partner with, you know, your wife or your. you know, your spouse, whatever it happens to be, ⁓ or as a parent, all of these things come down to making decisions. And we need to factor in various tools to help us make the right ones. Jason Hull (25:20) Yeah, got it. So I mean just even asking ourselves, you know, what this business decision that I'm looking at making, or this life decision, would this bring me more joy or would it take way? Cause if we look through the wrong lens, like what if we're always like, what would be cost less? Or what would be cheapest? And we're focused on the wrong thing. And I don't think the goal is to save a bunch of money and be miserable. Leigh Angman (25:36) Right. It's dangerous. That's right. Yeah. Yes. It's it's a very simple concept, but like everything else in the world, the idea that you pull one lever down and you know, there's a hundred levers on the wall. There's a there's a lot of you know, discussion in the current political climate of the world where people are led to believe that there is simply two lever there are simply two levers. Pull one down and it's gonna pull the other one up and it's gonna solve it. Clearly not the case in business, in life, in politics, in anything else. But this idea that you allow yourself tools to help make the series of choices every day that will lead you to a greater likelihood of success. I will embrace all of those. Another thing I like to say all the time is you don't know what you don't know. There's there's a million brilliant people out there, millions, millions, surely, of brilliant people out there that that I could learn from. I love to hear these types of you know, Jason Hull (26:30) Yeah. Leigh Angman (26:36) tools that they have acquired in their lives to help them make the right decisions. Again, this is but one of many. Jason Hull (26:42) Yeah, yeah. you know, a lot of times we think something else is gonna make us feel a certain way. And we think, if I had this amount of money, I would feel the certain way. If I had this car, I would feel a certain way. Usually boils down to a feeling. And ⁓ and then the question is eventually we maybe figure out as we mature, hey, can I just choose to feel a certain way rather than trying to fill this hole constantly, right? Can I just share what's keeping me from feeling that way. What do you feel would be for those listening that really want to have better financial health, what would you feel are maybe the best tools or resources, books for them to kind of get start figuring this out? Leigh Angman (27:21) I mean, I'm gonna pump mon spructus' tires a little bit, you know. If if you go to Amazon and check out Spructus, S P R U C T I S, you can see the book and it'll give you a taste of of exactly what this framework is. And ⁓ you know, we are the easiest people in the world to get a hold of ⁓ at spructus.com. I could be found on LinkedIn at Lee L E I G H A N G A N, which is Angman. Jason Hull (27:25) Yeah. Leigh Angman (27:43) And I I would love to tell people about this because it's it's it's if you have the capacity to operate a spreadsheet, we can show you how to do that. continue to growth, keep an open mind, learn from people, have a thirst for education and and just continue to try to grow your career. I like to I like to believe I'm gonna be able to do that until the day I drop dead. Jason Hull (28:02) Yeah, me too. Lee, ⁓ pleasure having you on. plug some of your your URLs etcetera. How can people get in touch or learn about you and and all your different stuff? ⁓ go ahead and you've given us some URLs, but go ahead and do that again here. Leigh Angman (28:17) Yeah, I'll summarize. ⁓ I would for the property, obviously we spoke a lot. I've I've listened to a couple of your episodes on property management. there's a tremendous of amount of ⁓ fantastic resources there, and clearly this is what you're focusing on. If people want to learn about the the offerings that we have on the property management software side of things, you can check out Mondofi, O N D O F I dot com. you can learn about the book. on Amazon or at sprukeddis.com, S P R U C T I S dot com and reach out on LinkedIn. I'm the easiest guy in the world to get a hold of. It's Lee Angman, L E I G H A N G A N. Would love to learn from some of the brilliant oper entrepreneurs that you sp I would love to meet this guy you that that created his big hairy audacious goal to get a thousand doors. Like that's the kind of guy that jacks me up that that that I love to hang around with that's like we're gonna do this crazy thing. That everybody has told me no, I can't do. I want that kind of positive energy in my life. And I've worked very hard to surround myself with that kind of person. Jason Hull (29:18) Well, I if for those that are listening, if you're a property management entrepreneur and you're listening and you felt stuck or stagnant and you want to take your property management business to the next level, this is the type of room we curate here at DoorGrow in our mastermind. So reach out to us at DoorGrow.com. And if you'd like a free training on how to get unlimited leads for free, text the word leads to five one two six four eight four six zero eight. Also, you can join our free community by going to doorgrow club.com. And if you want tips, tricks, or ideas, and to learn about DoorGrow's offers and what we're up to, subscribe to our newsletter by going to doorgrow.com slash subscribe. And if you found this episode even a little bit helpful, which I hope you did, because this was really great stuff. Thank you, Lee. then don't forget to subscribe, leave us a review on whatever channel you saw this on, we'd really appreciate it. And until next time, remember the slowest path to growth is to do it alone. So let's grow together. Bye everyone. Leigh Angman (30:14) Thanks so much.
For a long time, the biggest problem therapists faced in private practice was overworking. Burnout was a real risk during COVID — there were too many people needing care and too many therapists pushing past their own limits because there was always one more person to help.But what if that is no longer the challenge your practice is facing?In this “Best Of” episode, Linzy revisits her conversation with Julie Herres, founder and CEO of GreenOak Accounting and author of Profit First for Therapists, about what private practice owners can do when demand slows down, clients become more cautious with money, and the boundaries and structure that were once put in place to protect you from burnout start to feel a little too rigid for the season you are currently in.Together, Linzy and Julie talk about what it looks like to course-correct without panic or shame. They explore the difference between short-term actions that can bring money into the business now and longer-term moves that help make the practice more sustainable over time.They also talk about the places where business decisions can feel personal, especially around fees, client load, marketing, and the kind of flexibility that may be needed when the economy shifts.If your practice has been feeling quieter, slower, or just different lately, this conversation will help you look at what your business may need now with more clarity, curiosity, and steadiness.Timestamps:03:49 - Julie Sets Up Part Two of the Conversation04:24 - The Pendulum Swing in Private Practice05:13 - When the Problem Changes from Burnout to Lower Demand06:46 - Crickets, Tumbleweeds, and a New Business Challenge07:15 - When Protective Boundaries Become Rigidity08:21 - Why Practice Owners May Need to Make Hard Calls09:20 - Fast Money Actions vs. Long-Term Business Actions10:08 - Seeing More Clients When the Business Needs Stability11:05 - Working In the Business and On the Business12:22 - Experimenting with What This Season Requires13:48 - Marketing When Clients Are More Price Sensitive14:07 - Why Expert Support Can Shorten the Path16:10 - What Adaptive Practice Owners Are Doing Differently17:14 - Tracking What Actually Works in Your Marketing18:40 - When the Data Surprises You19:32 - Should Therapists Lower Their Fees?21:31 - Running the Numbers Before Making Fee Decisions22:29 - Pricing, Worth, and Meeting the Market23:48 - Julie and Linzy Summarize the Conversation24:28 - Linzy's Final Reflection and Community InvitationConnect with Julie Herres:Julie Herres is the founder and CEO of GreenOak Accounting, a firm that exclusively serves therapists, psychologists, and counselors in private practice across the United States. Over the years, Julie and her team have worked with hundreds of private practice owners and developed serious knowledge about what makes a practice financially successful. GreenOak's goal is to help practice owners feel comfortable with the financial side of their businesses and have profitable practices. Some of the firm's biggest success stories were achieved through implementing Profit First.Julie is an accountant and an enrolled agent (EA). She is also a speaker and the host of the Therapy for Your Money podcast.Website: https://www.greenoakaccounting.com/Book: https://www.profitfirstfortherapists.com/Podcast: https://www.therapyforyourmoney.com/For other episodes with Julie, check out:Episode 191 - Adjusting Your Private Practice in a Changing Economy (Part 1) with Julie HerresEpisode 142 - Moving at the Speed of Cash with Julie HerresEpisode 58 - Profit First for Therapists with Julie HerresEpisode 5 - Private Practice Money Mistakes with Accountant Julie HerresAbout Linzy Bonham:Linzy Bonham is a therapist turned money coach who helps private practice owners and health professionals feel calm, confident, and in control of their finances through her podcast, free workshops and comprehensive programs: Money Skills for Therapists and Money Skills for Group Practice Owners.It all started when she saw her extremely skilled colleagues struggle with the money side of business. Some had even left private practice, or were avoiding starting one, because managing finances was just too stressful.So Linzy set out to support helpers and healers with developing peace of mind about their money. Since so many were never taught money skills, she focuses on the “how” of making the business side of private practice doable — and even super satisfying.You can learn more here: https://moneyskillsfortherapists.com/aboutAnd you can follow along on social media:LinkedIn: https://www.linkedin.com/in/linzybonham/Instagram: https://www.instagram.com/moneyskillsfortherapists/Facebook: https://www.facebook.com/moneynutsandboltsWant to feel more calm and confident about your money? Join one of Linzy's free online workshops for private practice owners who want practical support with money mindset, avoidance, and the technical side of managing business finances.Explore upcoming workshops and save your spot or register to get the replay: https://moneyskillsfortherapists.com/workshopsYou can also join the new private WhatsApp community to connect with other therapists, health practitioners, and podcast listeners. Email hello@moneynutsandbolts.com for an invite.
Your Airbnb payout hitting your bank account is not the same thing as knowing your business is profitable.In this episode, Sarah and Annette walk through the monthly payout routine they use to track revenue, catch missing money, compare actual payouts against forecasts, and move income into the right financial buckets.They break down why every hosting business needs a dedicated business bank account, how to audit payouts against reservations, and why relying on your bank balance at the end of the month is not a real business metric.You'll also learn how they use the Profit First method to separate money for operating expenses, owner's compensation, taxes, and profit—so every dollar has a job the moment it lands.If you've ever looked at your Airbnb payouts and wondered where the money went, this episode will help you build a clearer, more consistent routine.In this episode, you'll learn:Why your Airbnb payouts should go into a dedicated business accountHow to audit every payout against every reservationWhat to do when Airbnb or another OTA underpays youHow to compare actual revenue against your forecastWhy your bank balance is not a profitability metricHow to use Profit First buckets for expenses, taxes, owner's pay, and profitResources Mentioned: Apply for Strategic Host!Mentioned in this episode:Save your workshop seat!
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