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Part 2 of podcast guest Dr. Lauryn Brunclik (of She Slays the Day podcast fame) and her conversation with Kiera. In this follow-up to Becoming Business Savvy with a Clinician-First Mindset, the pair discusses seeking other revenue streams to obtain financial freedom. The chat includes fixing your pricing structure, living below your means, understanding the spender and saver mindsets, time management, and more. Episode resources: Subscribe to The Dental A-Team podcast Schedule a Practice Assessment Leave us a review Transcript: The Dental A Team (00:00) Hello, Dental A Team listeners, this is Kiera and welcome back to part two of my chat. If you liked part one, you are going to absolutely love this. I am so excited and I can't wait to dive right in. Kiera Dent (00:10) Lauryn, I'm very curious. Like you've talked about it at length. Like what do people do? Like what's the how, how do we get into this? How do we have multiple streams because agreed all eggs in one basket? gosh. It's, ⁓ to me, that's like just a ticking time bomb. Like one bad day, one bad patient, one bad procedure. Like it's just going to explode because you're sitting like you're sitting on the edge of fear all the time to where you are in like cortisol adrenaline, like you are pumping. And then what you do is you go into complete shutdown because you can't handle it anymore. So your body and your system literally like just shuts down on you. You become apathetic to life. Dr. Lauryn B (00:23) Mm-hmm. Kiera Dent (00:44) things aren't exciting for you anymore. You become very numb to walking through the world. And it's like, I feel like the world of color goes into very like gray. It's very subtle. It's like, it's, there's no, there's no life left. It's just, are living life, but you're not actually being and living day in, out. So what are some tacticals? Like I'm so curious. I love to hear that. Dr. Lauryn B (01:04) Well, so, I mean, ultimately what you have to, I'm no cashflow expert. My husband would like laugh, not, he wouldn't laugh. He'd just be like, what's she gonna say right now? So like cashflow will multiply the more you start putting your money to work, okay? So it's very, very, step one is simple. It's exactly what you said. You have to have cashflow coming from your clinic. Kiera Dent (01:14) okay. Dr. Lauryn B (01:33) You have to. Like, you need to spend less money than you are bringing in. Okay? Kiera Dent (01:42) Ooh, love that. Ding, ding. All right, great. Got it, team. Got it all. Dr. Lauryn B (01:45) Like, so it's it's simple. what did you say? Like you said, there's only three ways to make it happen. Like lower your overhead. Yep. Yep. See more people. Yep. Kiera Dent (01:50) There are, either cut your costs, increase what you're producing. like for how many patients you're seeing and or collections, because a lot of times you're producing enough, but we're not collecting the money that we're actually producing. that then costs, people are have no money. And I'm like, you have 500,000 sitting in your AR that's not collected. So you actually have money. You just have a broken system of how to collect it. And to your point, my husband said this very early on when I started that company, he said, I care, don't lose money. He was like, yeah, I'm not going to give you any rules, any parameters. He's like, just don't lose money because that's going to cause a lot of strain on us. And I thought about that a lot. It's like, ⁓ I guess that's a great, a great plan. Like it's really been a good thought for me. But it's like, if you are going to lose money on having a business, go be an associate for someone else. Like it's a hobby at that point. It's not a business. So I'm like, if you're not going to have your business make money for you, like truly no judgment. Dr. Lauryn B (02:24) Thanks, husband. Yes. Kiera Dent (02:44) go honestly be an associate, go work for someone else so you're taking home a paycheck. When owners are working for themselves and making less than they are as an associate, I'm like, we have a big problem here. And now you're mad because you got way more problems. You can't just clock in, clock out and leave for the day. And I'm like, that's actually not a business. That's a hobby. And it's a bad hobby. You have no freedom. No, it's delusional. No. Dr. Lauryn B (02:57) Mm-hmm. And they're like, but I have the freedom when I'm the owner. You don't have freedom? can't afford a vacation. what? You have no freedom. Kiera Dent (03:11) Stop lying to yourself just because you own a business. People are like, I wanted this texture, have more time. And I'm like, yeah, tell me how that's going for you. Probably not great. All right, so we gotta have a business that actually cash flows. Simple stuff. Dr. Lauryn B (03:16) How's that working for you? Yeah. Yes, so step one is very simple, but not is you have to fix the pricing structure, the collections, your payroll blow. You need to look at the profit margins of your clinic. Very easy, very difficult, but very easy. Kiera Dent (03:37) And they're industry specific too. I don't know how it is in chiropractic, but I know in like dentistry, we say right now, even with all the things like I want 30%, we're talking all things, fringe benefits, 401k. Like 30 % for payroll, 25 to 30 is about average. And we aim for, I don't know how it is in chiropractic, but I aim for a 50%, not including doctor pay, 50 % overhead in dental practices, 30 % of doctor pay, because I'm like, that's what you're gonna get paid as an associate. It's like, let's at least pay you that. Dr. Lauryn B (03:45) No, that's pretty yeah, that's pretty healthy. ⁓ Kiera Dent (04:04) And then hopefully we've got a 20 % profit, but that profit debt services click in and that's a real fun zone and taxes. Like I love it. No, you're not getting your W two people are not taking taxes out. You own this business. All that money comes to you. So do not get trapped in that like tax trap. but like, like that's a very simple formula and you look, what is my supplies? What are my rent? Like, what are all those things? And if you figure out the benchmarks, then you know, which one am I bleeding money on quickly fix that hole. So we stopped bleeding it again. It seems so hard. And you and I are on the other side of that equation saying, no, actually it's like real simple. You just look at it real quick, figure out what it is. You can build your practice to support whatever numbers you need, or we cut. Usually it's easier to increase production and collections than it is to cut. But a lot of people are just overspending in ridiculous ways that I'm like, no, no, no, no, no. Like I have a practice, I looked at their numbers. They shouldn't giggle. I did giggle, because I was shocked. They're like, here, we have no money. And I was like, all right, send me your P &L. Let's take a look at it. So I did. Year to date, they produced 528,000. So they're doing about 85,000 per month is what I calculated when I ran the numbers. But when I looked at their take-home pay, they're taking home, so it's 528. I'm super happy for them. Like don't, there's no judgment on that. They're taking home 250,000 of that 528 is going to the doctor, which again, I'm happy that they're taking home the money. But what's happening is the practice is not producing enough for that. They're running all their kids through it. They're running their cars through it. They're running everything through it, which again is not a bad thing. But if you don't have cash in your business to hire people, I was like, we're a little off on the percentages. Dr. Lauryn B (05:37) Yeah. One of my favorite things to teach people is because people are like, I just want to learn tax strategy. I want to learn tax strategy, tax strategy. And you're like, okay, here's the thing about tax strategy is you can only do tax strategy. Can't see I'm doing air quotes here. If you have money that you don't want to give the government, if you are spending Kiera Dent (05:47) you Mm-hmm. Air quotes, I see them. it. Dr. Lauryn B (06:06) much as you make and the government's like, yeah, you're good. You don't know anything. Like there's no strategy to be had. Strategy can only apply to profits. you know, like to money you've made. So, so that's where it's like, okay, I get that you really want tax strategy, but like you're, you don't need strategy yet. You just need to create more. Kiera Dent (06:09) There is no tech strategy. ⁓ That is a tech strategy. No. Yes. You just need money to then pay taxes on. Then we can talk about what it's gonna be. Yes. Dr. Lauryn B (06:37) Yes, then we can talk strategy. But yeah, so like that's where it starts. The next hard part, and this is where I kind of touched on like, we went into this career because we believed this career was gonna take care of us while we took care of other people. And so everybody's got a little different version of what that means. ⁓ What car they think they should be driving. Kiera Dent (06:42) That's a point. Ready. Dr. Lauryn B (07:06) once they have made it, what ⁓ their house situation should look like, how many vacations, their spouse, if they're buying their spouse, designer bags and things like that. Like we have in our head once we make it, what life will look like. And so after you fix your cashflow thing, the next thing is like, you gotta kind of continue to live below your means for a while. Because if all of a sudden you've fixed your profit margins and you have an extra $30,000 flowing into bank accounts a month that does not have a job, like, you're just like, we're gonna move into a bigger clinic, we're gonna hire another doctor, we're gonna do this. And all of a sudden that... Kiera Dent (07:58) Let's go! Dr. Lauryn B (08:04) that potential, but like you have to have money in excess to build wealth upon. If you fix the first problem, which is we don't have enough money, okay great, now you have enough money, and then instead of building wealth, you buy a Birkin, which I still keep sending my husband all of the memes and reels that like Birkins are apparently, you know, they are also appreciating, they're beating the S &P. So I'm just saying maybe a Birkin was a bad example because that would be an investment. ⁓ Kiera Dent (08:36) See? I why not? think there's a lot we could probably justify in the investment realm. Like it's fine. I'm here for it. Dr. Lauryn B (08:46) Right, right. But no, you know, if it's like one of those things where if you just lifestyle inflate after you fixed your cashflow issue, what's going to happen is, is you're going to still be, you're going to have like golden handcuffs where you're like, well, yeah, the clinic is bringing in 1.2 and like, yeah, I do keep 350 of that, but I still. like I'm paying off my student, because your student loan payment now is increasing and like this and like your mortgage and all of this stuff. And you're gonna, you have the potential if you're not careful to feel just as squeezed financially, even though you've gone to the next level of salary and income, but you can still feel that exact same financial scare. And so like that's another thing where it's like, okay, you have to figure out, the balance for you and your spouse because like my husband, ⁓ my husband is definitely, so this is from Garrett Gunderson. He's a really great financial wealth advisor. don't know if he's in your guys's world. Yes. Okay. Yes. So he was on my podcast and he was talking about how basically within all the Kiera Dent (09:53) I love him. Definitely. We love him. Dr. Lauryn B (10:04) that he's coached people through, there's basically, he used a different word, but right now I'll just call it the the saver and the spender. Okay. Now the spender tends to be the visionary, the CEO. It tends to be the person that's like taking the risks to build the things. They're like, we had a record year, we're reward ourselves, we're gonna do this, we're gonna do this, life is fun, this is great, this is like a... And then they often marry a ⁓ saver that is just like... I don't need all of that. I don't need another vacation. I don't need a fancier car. I don't need this. ⁓ And it can actually make them very uncomfortable that, you know, so my husband is, we'll call it saver. ⁓ And we go, I mean, our travel budget a year is insane. we should definitely be putting that towards crypto and like buying a duplex and like building more. But Kiera Dent (10:57) you. But why? But why? Dr. Lauryn B (11:04) If someone told me like, no, no, no, here's the plan. You get one trip a year and then we're gonna just like all of this money and then you can start around 45, like, know, and then at 50, it'll open up a little bit more. Like, I'd like, well, that's no fun. I don't want that. And so you have to figure out, because there's a ditch on both sides of the road, right? And so you have to figure out like, when do you want to retire? Kiera Dent (11:28) Mm-hmm. Dr. Lauryn B (11:33) Like what is that number? What is that freedom number? How much money do you need coming in in like passive investments? Like how much do you need your crypto portfolio to be doing? Like your real estate portfolio. What's that number of monthly income or annual income? And when do you want to get there by? And this is going to be so dependent on whoever you're talking to. if you're 50 and you're like, I want to get there by 55. and you're starting, not great. Like, yeah, okay, you know what? Your travel budget, you just need to not worry about that for five years. Like, you got some work to do. But like, if you're sitting here at 35 and you're like, I'd like to retire by 50, and like, I still wanna take our kids on some vacations, but I do think we should be, you know, then you just gotta pick where are you pinching pennies? Like, because you gotta pinch them somewhere. So like, maybe it's... not designer handbag season. Maybe it's not getting the newest vehicle. Maybe you'd rather live in a bigger house, but drive a more reasonable car. Whatever it is, maybe you have no problem giving up vacations, but you need that pool in your backyard. Again, there's a ditch on both sides. think that as this couple, you need to come together and figure out. that equation where even after you're getting some of these doctor luxuries that you've worked hard for, there's still money left over that is being invested wisely. Kiera Dent (13:13) love Lauryn that you talked about Garrett Gunderson and I love that there's the saver and the spender in every relationship because this happens like it's a real thing. ⁓ And I love that you talk about like, okay, one step one is like, you got to make money and you got to keep the money. So it's like, make the money and keep the money. I have like, okay, if we could just follow that. Jocko Willings, he's got a quote. This is like discipline equals freedom. And it sits in my kitchen, which I think is a very smart place to stick this sign. I see it all the time. And I'm like, that really is step one is like discipline on this. Dr. Lauryn B (13:28) Make the money, keep the money. Kiera Dent (13:43) And I think that there's like, one of our consultants, says, choose your hard. And I think about this, like both sides have a hard, like spending all the money has a hard of like being broke. Saving the money has the hard of you've got to actually put like parameters in place. So both have it. But for me, I'd rather sleep at night knowing I've got money in the bank rather than like sitting there wondering how I'm going to make payroll. Like to me, that's the hard I would rather choose. I would not rather not choose the other side. So I'm going to be disciplined there. And then, I really started working on and I heard at a conference about like just an easy way. Cause my husband, I'm the spender. He's the saver. And it's really thrilling for me because I felt annoyed. I felt like I was dragging him like an anchor. Like we were going on vacation. We're buying the cars and like, don't like cut my wind out of my sails. Like I was so angry about it. So we actually had to make a vision board of both of us. Like what are his dreams and what are my dreams? And we like co put it up on the wall. It literally sits in our bedroom. And it was one of the best things I ever did because he wasn't able to see what inspires me and what I'm excited about what what's important to me. And I was able to see what's important to him. We also figured out like what's our BAM, our bare ACE minimum as a couple and where we want that. And then when you're talking about like the savings, I really found this awesome principle where it's kind of like, ultimately, what does it actually cost you to get to financial freedom? And when I did this exercise and I do it with a lot of clients, you can actually break it down. like, what does that like, bougie, whatever life you want that to look like, what does that look like? What's your mortgage? What's your HOA? What's the internet? What's the utilities like? What's our groceries? What's our food bill? What's our children bill? Like how many cars do we have on this? And like literally build that out to what's like my highest end. And then you actually scale it back down to basically like, what's my security bucket? Like for me to just survive, like you said, like the monks, like what is it for me? Like scrap it all down. Let's go back to dental school. Let's go back to chiropractic school. Like when I was at my like most broke, but I could scrap like you guys, can top around and like a boss, like I know I could get through. So like, what is my like minimum amount? Then what I do, so basically taking that all the way up to my financial freedom, like where I've got money making money, it's a money making machine for me. And then how do I actually break that down? So I've got security, then I've got like growth, then I've got independence, and then I've got freedom. And then beyond that are like your prosperity and your legacy buckets. And so when I look at this, it's like, you basically just chunk it down. And what I mean, I'm such a nerd, I really am. I've like learned to fall in love. I like took that amount of like total dollars. Then I looked at like, how much money do I actually need to make? What tax bracket am I in? How much do I need like pre and post tax? Like again, total nerd side on my side. But then I was able to look and I'm like, okay, for this practice, I know that for them to be like, just baseline, they need to be making about a hundred grand a year. Like that's pre-tax. So we know like we're to take tax out. We can survive. That's like our security. Then our growth goes up to 202 post-tax. Then our independence is at like 553. Well, now I know my mile markers of what I need to do. And I also have those parameters. you said, where am I going to penny pinch? This does not mean that I don't have certain luxuries, but it means that I'm like, it's like a gradient and I'm able to see what I'm working towards. And I remember my CPA, he told me once he said, Kiera, it actually becomes a lot easier to make money. And like once you, like in a few years, once you've bought a few of the things that you really are looking for, and I was like, you're full of it. Like, I don't believe you for a second, but it's true. Like as you evolve. You buy the things you want, you get the house that you want, you get the car that you think you want, you get the designer bags, like it's not all overnight. And then you're like, wow, I have a decent amount because I've learned to make the money, save the money, not spend everything that I've got. I'm able to then plan for these purchases that I want. I love Profit First, Mike McAllags. He's like my fangirl central every time he's on the podcast. I like just love him so much, but I'm like, okay, then I have buckets. have my travel bucket. And you're right, Mike, my travel. Dr. Lauryn B (17:18) yeah. Sweep account. Sweep! ⁓ Kiera Dent (17:28) amount, that's something that fuels me. So we pump money into a travel fund, but we have those to where I now have budgets and our clients have budgets and you can have budgets. And it's not for me, clients have even told me that's more freeing than it is otherwise, because they actually know I can spend this money guilt free and go on the trip. can go and buy this car guilt free because I have the money. Dr. Lauryn B (17:46) Mm-hmm. And that's probably really helpful for your spouse too. A lot of times the saver spouse, like it's hard for them until there's like an act, like that's the permission they need of like, no, we ran the numbers and we like this amount of money was proportionally taken and it's there. It's only to be spent on this. And they're like, okay. Kiera Dent (17:52) Thanks. Yes. Yes. Okay. And then the spender feels good because they're not just blowing all the money. So it's on this like, it's a good balance, but I love it. Like it's very simple. And now I'm very curious, Lauryn, because you've talked about like not having your business as your only asset, like that's cash flowing for you. Once we've got a simple, we like make the money and we keep the money like check that off. Then we go into these like, I love the idea. There's a ditch on both sides of the road. So which one are we going to do? We figure out like, what do need today? What are my future like? Dr. Lauryn B (18:28) Mm-hmm. Kiera Dent (18:41) kind of nice purchases that I want to, how do I build up to these other ones that I can save for? What's my total number? Like I know my number for financial freedom is psychotic. When I look at that, it really is. I actually have it. Dr. Lauryn B (18:51) Is it really? Because I'm interested that you said that because most people when they do that exercise are kind of like, ⁓ it's surprising to them that it's actually not higher. like, so. Kiera Dent (19:12) Well, let me just clarify. Let me ask this for you, Lauryn. What I found is for me to hit like my security, my vitality, my independence. Like we're talking like pretty much up to freedom. I'm actually it's good. Like we're there, but my absolute freedom, like where I never have to work another day in my life for me, that number, that number is a little more extreme. That one, but like even looking at it now, cause when I told you, I'm like, it's psychotic. I just pulled the spreadsheet up. What's fun though is I built this. Dr. Lauryn B (19:30) ⁓ okay. Yeah. Okay, the like I quit number, the like. Kiera Dent (19:42) gosh, I like I should honestly look, I think I built this spreadsheet, I'm going to we're gonna hold everybody I know you're like on pins and needles, I'm just gonna scroll back to when I actually made this. It's on Google Sheets, you can go back to like when it was built. So I built this and I think this is really just telling for people I built this in 2022. So May 13 2022 at 1026 am is when I built it. We're now recording this in 2025. So we're only talking just over three years since I originally built it. I told you Lauryn that my number for absolute freedom, we're talking like I put it all because I have a jet in there. I have a charter jet. I have a private like I put all these things like it was just I have like I want to Dr. Lauryn B (20:17) You have a jet in there? Okay, well most people when they do the exercise the way I have them do it aren't putting jets in there. I love you, Kiera. Okay, we're gonna stay friends because I want on that jet. Kiera error. Kiera Dent (20:25) Like I'm telling you this is my absolute freedom. This is the absolute absolute like here is living this life I mean girl you can come cuz I just like I wanted to see like what does this look like and I want to have like I don't want to retire in a retirement home I want to live in a villa like I've got some pretty lofty things in this like we're talking I went for like Dr. Lauryn B (20:41) Right. Did you put the pilot costs in there too or does that just come with a jet? Kiera Dent (20:45) So my husband actually wants to be a pilot. So that's already like built in. So I've got like that. I also have friends that are pilots like, you know, yellow, we're gonna have that. Thank you, thank you. So on that, and I actually went through this, like I built it the first time, but we're talking three years. And I look at that to have that absolute freedom. The annual income pre-tax would be 4.6 million, which that can sound like an outlandish number. However, based on where the business is now, it's not that outlandish. And that was just a short. Dr. Lauryn B (20:49) Okay. Okay. Okay. The jet makes a little more sense now, but yeah, got it. No, it's doable. Kiera Dent (21:15) three year period where I'm like, I mean, we got a jet, I got play money. mean, guys in-house chef, live in nanny, we've got all the cars, I've got my Lambo, I've got chartered flights in there, like you name it. And I look at this and I often assess because Kiera three years ago wanted some of these things and Kiera today might look at that and be like, know, I actually don't want these things, but this is what I'd rather. I'd rather like buy a house for my parents or I'd rather do this, but you will shift and change. Dr. Lauryn B (21:16) And that's got a freaking jet in it. Kiera Dent (21:45) But it's so crazy because when I look at that, I'm like, all right. So I know if things get tight in the business, I know, all right, rock on. Like pre-tax, we need to make a hundred grand. Like easy. We can handle that. We can create that. We can figure that out. That's it. Again, just a math equation. But then when you look up and you scale up, it becomes so much more doable and realistic. And then for me, I don't know how you feel, Lauryn. It's like, now the number doesn't feel like, got it. I know actually like what I'm working towards. I know how I can now do the math equation. It's not like I have to make 500 million to be free. It's like, no, I need this money because it will now go into investments. It will go into other places. I know how much that's going to generate for me. I know how much it's going to estimate grow. And I don't know. It just is pretty magical. So I'm very curious. Like, what are your other revenue streams that you recommend when we're looking at this and we're building that financial freedom? We're looking at like, okay, I kind of am. I'm hoping that people listening to this podcast are putting like dots together. Like, okay, got it. Like make the money, keep the money. Dr. Lauryn B (22:17) Mm-hmm. Hmm. Kiera Dent (22:38) figure out how I'm gonna spend it, but not overspend it and still keep the money so I don't pinch on that side. Then I'm gonna look to see where I ultimately wanna get in my life. Now, like what are some other things like if we're there, how did you get it to where you weren't just reliant on your business anymore? Dr. Lauryn B (22:52) So first I will say that none of this is any tax or legal advice and you must talk to your CPA or whatever. Yeah, here's my little disclaimer. I am not an accountant or anything, a lawyer or anything like that. So right now, so I just interviewed someone on crypto. So I am really, really lucky that my husband, he's a very early adopter. And so Kiera Dent (22:58) This is true our little disclaimer there guys go talk to people that are not Dr. Lauryn B (23:21) We have been pretty involved in crypto for Kiera Dent (23:26) Which is why you said do crypto like all the things like I should be putting this in crypto not going on trips. I now get it. All right, go on. Dr. Lauryn B (23:33) So I just interviewed someone on my podcast who's like a crypto investor and like some of the predictions that the crypto people, the crypto people are saying about going to happen with crypto, what could happen with crypto in the next five years, 4.6 million would be easy. So like if our current crypto ⁓ Kiera Dent (23:55) Chump change, like truly, truly. Dr. Lauryn B (24:01) account like amount that we have invested did even a fraction of like what like we'd be we'd be pretty pretty pretty good even if that doesn't happen in five years if it like takes 10 so crypto for us Kiera Dent (24:08) Mm-hmm. Dr. Lauryn B (24:14) and like i said i just i knew that like that was the thing that for him but like i just really got i got off this interview and i was like how much did you invest last month we need double it we need to like and he's like yeah This is so exciting. Like I have been priceless. I've been really obsessed with a Cartier watch lately. Like a real like, and so I have was, I'm already Kiera Dent (24:28) That's where he'll spend there, Lauryn. Dr. Lauryn B (24:37) about my 2026 vision board because I'm in Enneagram three and we do weird like that. And so I I was like, I want to go to Switzerland and Kiera Dent (24:41) I love it. Dr. Lauryn B (24:46) want to to Switzerland and buy a Cartier watch. Cause that's where they're made. And like, and now I'm like, you know, maybe we should Kiera Dent (24:52) Yeah. Dr. Lauryn B (24:56) delay, that would be better put into crypto. And he's just like, this is the saver husband is just like, this is the greatest thing in the world. So anyway, so that's one bucket. ⁓ And you know, he spends a good amount of time each week, each day monitoring. So I won't even call that passive. I think that crypto can be a lot more passive depending on how you do it. I'm not going to get any deeper into the waters here because we are at my like limit of understanding of crypto. Kiera Dent (25:02) He's loving it. Okay, so crypto. Okay. Okay, perfect. Dr. Lauryn B (25:24) I know that you can very active in investing and there are ways that can be much more passive. ⁓ So real estate, obviously think that real estate is the secret of the wealthy for decades and decades and decades and it's not such a secret anymore. It comes with its own things. We both experienced 2007. I luckily had just gone into school, but there are people who lost their asses in 2007 with real estate. So not foolproof. Also, Kiera Dent (25:50) only. Dr. Lauryn B (25:54) not incredibly passive. We throw the word passive around way too much in this, but I will say where the majority currently and where we're like next year, how I'm getting to 3 million and this and that, a good percentage of it is very, very active in the personal brand coaching side of things. Kiera Dent (25:56) I would agree on that. You gotta have a lot of doors, lots of doors, lots of time. I agree. Dr. Lauryn B (26:22) I have built and have continued building. ⁓ so, you know, podcast, sure, that makes some money, but like where very actively, where I spend more time on than in my clinic is in the online space of coaching courses, programs, webinars, membership. And that's when you find, and here's the thing. is like every dentist listening, every chiropractor listening is like, okay, so I need to coach other dentists. I need to coach other chiropractors. And it's like, no, what I'm saying is, is online, there is a lot of money that can be made. It's not easier, but it's also not harder. It's its own hard. I just solved a different problem for someone. So I had the business that we solve this problem. And then I figured out a way. So we talked about the financial. Kiera Dent (27:05) Right. Dr. Lauryn B (27:18) freedom, but then I figured out the time freedom that I wasn't needed there all the time. So I could sit and go, what's another problem that I can sell a solution to? Kiera Dent (27:33) Okay, let's like pause there. I'm very curious. How did you get, how did you solve the time solution? Like guilt free, like walk me through. I know it's like a pile whole nother episodes. Like do it in like a chunk or probably close to time. Dr. Lauryn B (27:38) God, that's. Yeah, well, I mean, you ultimately, you pay for your time. So like, I am not collecting as much money from my clinic as I could if I was there doing the service. Like, that's just kind of obvious. ⁓ So I am paying for doctors that I wouldn't need a doctor. I could get rid of an entire doctor's salary if I just worked full time. Kiera Dent (27:59) Right. Dr. Lauryn B (28:10) I could also get rid of my amazing and well-paid director of ops. So this was a big game changer for us is so like, you may have a doctor on staff that's like your clinic director. You know, they're really in charge of like patient care, whatever, things like that. I recommend having a not office manager, a director of operations. Kiera Dent (28:25) Thank Dr. Lauryn B (28:39) Okay, like this is not an office manager. A lot of time your office manager is like by default, the person who's been with you the longest. Like we hired in a specific skillset that was going to be my eyes, ears, hands, feet, pretty much everything except my visionary brain. Kiera Dent (28:40) Nothing. and Dr. Lauryn B (29:03) She does HR meetings, she does hiring, she does firing, she monitors stats. I meet with her once a week and I get reports. I pay her pretty well. And like honestly, she needs another raise and so does my other doctor. Like, so this is what's hard. Kiera Dent (29:17) Yeah. So let's just break it down. I don't wanna know exactly what your Director of Operations gets paid, but let's give a range so people understand, because I think people don't realize what we're paying for that. So are we talking? Okay, perfect. And for some of you, might hear like, yes. And I would say that that, I would say it's probably 60 to 150 penny upon, for dentists, the size and practice, like I have seen that come through. So again, looking to see where it is. Dr. Lauryn B (29:27) Probably 60 to 90 grand. depending on your city and things like that. can. and especially like if you're running multiple clinics. Yeah. Kiera Dent (29:44) Yes. So when you said that though, when we were talking about the audacious number and we're like, Hey, 4.6, like it seems so, but you're like, it's really big. But I think if people were to hear that and think K 60 to 90, if I were to pay somebody 90, but not have to do all the meetings, not all the hiring, not all the firing, what is your time worth? Go to Dan Martell, buy back your time. He's one of my favorites. Like what is your dollar per hour when you're doing dentistry or when you're doing chiropractic? And could you hire that out? Like how many hours could you do or use your visionary brain to grow the business, grow other things? Well, yes, that's a great salary. It also, think when we put it with your time, I think a lot of people could see that on a balance sheet of a very good investment because I think time is one of your greatest assets. So again, I just want to highlight because a lot of people may think it's like 200. Dr. Lauryn B (30:26) Mm-hmm. Well, and I'm in a circle back. So, cause I said, there's like the two different reasons you're burning out. Although I've listed like 17 at this point. You you've got the person who just wants to care for people and they have to run a business. And then you've got the person who's like, I've solved this. So like, I don't remember who said it, but they basically said there's like two types of people. And this is a really great question to ask when you're hiring. It's one of my favorite questions. ⁓ Are you the type of person? Kiera Dent (30:39) Yeah Dr. Lauryn B (30:57) who wants to solve the same problem every day and get more efficient and faster and better at solving that puzzle, or are you a person who would rather have a brand new puzzle every day and figure out to solve that puzzle? There is no wrong answer here. You are not a less than person because people hear that and they go, oh. I wanna be the exciting person. And this is why so many people end up in entrepreneurship that shouldn't is because they hear the air quotes, right answer there. the exciting answer is I want a new puzzle. Most people are not psycho like if you that you're that person, when you're really, this is totally cool to be like a more efficient problem solving, like same puzzle. But that's what a business is. Kiera Dent (31:49) Yes. Dr. Lauryn B (31:50) after a certain point, you are solving the same problem. And so I literally couldn't. I couldn't, so like, yes, I could say like, well, I had the option of not spending that money on salary and just like stepping into my practice even more and being that director of ops and being that, I couldn't. I was done. At this point, this had been like 12 years. Like, this is really more more recent. I've been in practice 15 years. So it was really more like three years ago that I was like, I can't, I want to. And I feel like a bad person that I'm like, I can still be the visionary. I can still check in and I still love hands-on patience. Like, ⁓ but like we need to hand this baton to somebody better because I will die if I have to keep hiring and doing some of this stuff. Kiera Dent (32:47) You How did your team and doctors take that? Because I think people are so scared of like, well, why does Lauryn get to go have one or two days in the office and we're here five days? Like, did you have any of that backlash? Like, how did that go? Dr. Lauryn B (32:50) And so. they're continue, you know, like, yeah, your people are people are people. And we can't, we can't, as if I don't get, my husband has to talk me off a ledge, you know, once a month about like, can you believe, like, we, they're just humans who are also living their experience and wanting more money and like seeing you live abundantly and feeling feelings of jealousy. Like you can't cure anybody who says like they've cured jealousy. from their team culture, they are lying. So like feelings of jealousy and greed, these are natural human emotions that your staff is going to go through. And so, you know, I would say that more recently as we, because like we're talking about like, hey, the clinic numbers are not good enough for... Kiera Dent (33:36) Yeah Dr. Lauryn B (34:00) abundance and bonuses and raises. We've told you what we need the clinic numbers to be at in order for raises to happen. Kiera Dent (34:06) I hope everybody listening just heard how she was a CEO and she told them, these are what the numbers are. This is what we have to do. It's not, me give you bonuses and pay you more in hopes to get that number up there. Like rewind that, listen to that over and over and over again, because you have to have this team needs to see that. Otherwise, this is how you don't make the money and keep the money. You make the money and you pay more money and you're broke. Go on. Dr. Lauryn B (34:27) Yeah, and for the first, that's how I got to the worst, the best worst year of my life, you biggest revenue, but worst income was because we had been giving raises based on like effort and like they're working really hard. They deserve a raise. So an employee can deserve a raise, but there's not money to give them. So like we're simultaneously this year dealing with like, hey, I wanna give raises, but like it's gotta be here and we're close, but we're not there. They simultaneously see me just fucking killing it in the online space and spending, because also like in the personal brand, like I coach healthcare providers how to launch a personal brand. And so like I talk about like, hey, I got a $2,000 affiliate check. We invested $13,000 from crypto. If you go find me on Instagram @DrLaurynB, you will see like, My posts are about abundance and what a personal brand can do for you and how like the behind the scenes of like, yeah, we are, we're talking about diversifying income. Like this is how much our real portfolio made last month. People want to know that, but my staff sees that. And so they're like, well, she rich. Why is she trying to tell us she can't give us, why is it? And so, so like even literally this month. Kiera Dent (35:45) that we don't have money. because the business, the business. Dr. Lauryn B (35:52) We're in like calm, kind, one-to-one conversations having to be like, you know, but I will say my husband and I, like, this is like real life. These are conversations that literally happened like a week and a half ago where I came to my husband because prior the clinic was all the money. It was all the money. It was the biggest thing. It was really in the last two years that things switched. where it was like, now my clinic is like, when do we call my clinic my side gig? Because I'm literally making four times as much on this personal brand in digital space. ⁓ And so we realized that, Kiera Dent (36:20) Yeah. Mm-hmm. Dr. Lauryn B (36:32) there isn't money for raises that they want. There isn't money for bonuses. But can I, Lauryn Brunclik. who loves my employees, can I give them, can I shower them with birthday presents and anniversary presents and Christmas presents? Can I buy them lunch because they saved my ass because I came in late from a podcast recording or this or that? Yeah, because Lauryn can, like the personal, like we are fine. We are rich, great, this is great. But like my head was so like the only money from a business mind that we can spend is the money that's allowed. And it's like, no, no, no, no. Now we're entering a whole new ball field where it's like, you know what? I can, but it's not gonna come from bonuses and raises. Those come from clinic performance. And so we are kind of going like, okay, FYI, this isn't coming from chiropractic. This is coming from me. Kiera Dent (37:30) Right. Dr. Lauryn B (37:41) loving and appreciating all that you do in this clinic so that I can. So what does this look like? You take a week off and you go golf the greatest like golf whatever courses and like you just like have this bucket list thing. This looks like you showing acts of appreciation, bringing gifts, buying them dinner, like whatever it is like. showing appreciation for your staff that they are there so you can live your best life. They were there so you could leave early and go watch your kids dance recital. So like, although our natural instinct is to only show them that we appreciate them through raises and bonuses, and that's what they want. So like anytime you can do it. ⁓ Kiera Dent (38:38) I agree. I agree. I feel like both. Dr. Lauryn B (38:40) Sometimes you have to figure out more creative ways to show your appreciation to them that they are doing that so you can't. Kiera Dent (38:49) I love that. Wow. Lauryn, this is such a fun podcast. think like to put a pretty bow on this. What would you say if a doctor, your listeners, my listeners, if they're listening to this, what would you say would be like, wrap up takeaways from I mean, we have gone the gown. I love this. I felt like we were on the most random road trip of like we were going to this stop going to this one. Dr. Lauryn B (39:08) I'm not sure if we took this entire transcript and uploaded it to AI. It would be like, no, you guys are amazing. Here's your silver thread. Kiera Dent (39:17) That would be amazing. So what would you say would be kind of like key takeaways or things that maybe we didn't get to that you just feel like listeners, business owners, those running the day to day clinic, whether you want to be on whichever side of this burnout coin, if you want to be there and serve the patients but are sick of doing the business, if you're on the side of like, gosh, I like just want to run the business and do other things outside of this, like looking at the burnout, looking at the generations that we're going through. I mean, we went the gamut of from investments and passive income to appreciating your team as you as a person rather than the business. Like so many fun, different like ideas and aha moments. Any last thoughts you wanna add to put a pretty bow on today's podcast? Dr. Lauryn B (39:57) All well, that's a really hard question, but you're lucky I actually do have something to say. was like, oh God, okay. All right, so was listening to a podcast this morning. Simon Sinek had Arthur Brooks on, and Arthur Brooks is, I don't know, political science, behavioral science, I think behavioral science. And he just very briefly in the interview said that like, Kiera Dent (39:59) I know. Hey, good, good. Dr. Lauryn B (40:21) It's human nature that we go through a reinvention of our career and have to reinvent ourselves every seven to 12 years. And that's just, that's gonna happen. So from the time that you graduate high school until the time that you retire, you're going to need to reinvent yourself multiple times. And the more that you fight that, the more that you, you you're at that seven year itch or whatever, and instead of embracing reinvention, whatever that looks like for you, maybe you're bringing on new services into your clinic. like, it doesn't need to mean you need to lean out at that point, but you might just need a little, like, re-ignition, a reinvention of your brand. ⁓ The more that you fight that and go, I shouldn't feel this way, what's wrong with me? Like, like if you're sitting there broke and you're just stuck, in a place of instead of reinventing yourself into this wealthy, healthy doctor that you know you can be, but instead you're like, God, I'm 39. I don't have my shit together. I should be making more money. I should, like, the more you just sit in this, what's wrong with me? It's just gonna torture yourself. I truly believe that people, you know, let's say they get 12 years into their career. I believe that there are ⁓ too high of a percentage of people that literally just plan on embracing the suck the rest of their career instead of reinventing themselves for something joyful and abundant. And that just makes me so sad. So that's what I would say is my final thing is if you feel wherever you're at in your career, if you're feeling this, like this is your permission. It's not from me, it's from Arthur Brooks. He's some smart. Kiera Dent (42:17) Yeah. Dr. Lauryn B (42:18) Like you were smart enough to be on Simon Sinek, all right? He's giving you permission. This is not just a unique thing. This is human nature. And so figure it out. What does reinvention look like for you? ⁓ And just start doing the work. Kiera Dent (42:35) Lauryn, that was absolutely beautiful and I hope people listen. I hope they take action. They take advice. ⁓ Because I think what you just said is so freeing and so beautiful. So I really hope people don't just listen, but actually take action. So Lauryn, I love this today. It was so fun. How can people get in? It's a great time. I'm like when we in person, I guarantee you'll be someone we will be fast friends in real life. Like just loved having you on here today. How can people get connected with you? How can they see your Dr. Lauryn B (42:51) We should meet up in real life. Kiera Dent (43:03) life again, I believe like when we watch other people we become like them. So it's like, I want people like you. I want people that are abundant. I want people like this is what the podcast is for. This is why we bring people together. How can people get connected with you if they want to know more about you see what you're doing? How can they Dr. Lauryn B (43:07) Mm-hmm. yeah, and if you related to this, you'll love my Instagram, because this is everything that I talk about. So it's @DrLaurynB and Lauryn is with a Y. So ⁓ Instagram is definitely the place I hang out the most. Send me a DM if you listen to this. Like I am in my DMs all the time. And I would just, yeah, that's the best place. Kiera Dent (43:34) I love it. We are millennials. Instagram's our jam. We're not on Snapchat, all right? It's Instagram, okay? It's gonna be that way forever. But Lauryn, I loved it today. Thank you for joining me. Everyone here, I hope you picked up nuggets. I hope you take action. I hope you truly commit to living your best life. And as always, thanks for listening and I'll catch you next time on the Dental A Team Dr. Lauryn B (43:37) This jam. Yeah.
You didn't start your business to stay stuck. If you're ready to finally hit 6 or 7 figures WITHOUT burning out — book a call with our team → https://weddingproceo.com/applicationIf you're avoiding the budget conversation with your couples, you're leaving money—and bookings—on the table. In this episode, I walk you through exactly how to ask about budget without sounding salesy, so you can pitch confidently, close more sales, and finally stop working for less than you're worth. The (FREE!)ASSUME Sales Training: 2x your wedding bookings in 30 days—step by step. Thousands of wedding pros have already used it to land more clients immediately! http://weddingproceo.com/freetrainingorgA favorite book of mine: Profit First by Mike Michalowicz https://amzn.to/4lbqZFwAnother favorite book of mine: Buy Back Your Time by Dan Martell https://amzn.to/3ITKLb4========================= EPISODE SHOW NOTES BLOG & MORE:https://weddingproceo.com/wedding-pros-skip-budget-talk/=========================Thank you for tuning in to this episode of the Wedding Pro CEO Podcast. If you find these strategies helpful, make sure to share this episode with your fellow wedding pros. And remember, in the world of weddings, it's all about building genuine relationships and showcasing your best work. Until next time, keep shining, CEOs! PLEASE SUPPORT THE PODCAST! LEAVE A REVIEW HERE: https://ratethispodcast.com/swdHave a question you'd like Brandee to answer? Ask here: http://bit.ly/3ZoqPmzHeads up, CEO! Some of the links I share may be affiliate links, which means I may earn a small commission if you decide to purchase—at no extra cost to you. I only recommend tools and resources I actually use and love, and that I believe will help you grow a profitable, sustainable business you're obsessed with.=========================Take the Wedding Pro CEO's free GAP assessmentSupport the show
Contractor Success Map with Randal DeHart | Contractor Bookkeeping And Accounting Services
This Podcast Is Episode 646, And It's About Insights For Small Construction Business Owners Post-Disruption The past few years have been challenging for small business owners everywhere. For contractors, the global disruptions—pandemic shutdowns, supply chain bottlenecks, labor shortages, and inflation—hit especially hard. Projects were delayed, material costs spiked overnight, and cash flow felt like a rollercoaster. If you're a small construction business owner, you've lived through it. And while it's been painful, it's also been a powerful teacher. As construction bookkeeping specialists, we've had front-row seats to see how disruptions shook contractors and what strategies helped them survive—or even thrive—despite the chaos. Here are the key lessons learned from global disruption that every small contractor should carry forward. 1. Cash Flow is King When the world turned upside down, it wasn't just about profits on paper—it was about cash in the bank. Contractors who had substantial cash reserves or disciplined systems for separating money (using methods like Profit First) were able to weather late client payments, supply delays, and unexpected expenses. Those who ran lean with no buffer struggled the most. Many relied on credit cards, lines of credit, or personal savings to keep projects moving. Lesson: Always budget with a cushion. Build a reserve fund equal to at least two to three months of operating expenses. Cash flow isn't a luxury—it's survival. 2. Material pricing can change overnight Lumber tripled in price. The costs of concrete, steel, and copper spiked. Even basic items like drywall screws saw shortages. For contractors who bid on jobs months in advance, these increases wiped out their profit margins. The most resilient contractors learned to: Add price escalation clauses in contracts. Limit the validity period of an estimate. Communicate openly with clients about material volatility. Lesson: Build flexibility into your pricing. Protect yourself in writing from market swings you can't control. 3. Diversification builds stability Some contractors relied heavily on one type of work, such as extensive remodels or commercial tenant improvements. When those markets slowed during lockdowns, their revenue disappeared. Others had more diversified income streams—such as small service calls, maintenance contracts, consulting work, or digital products—and were able to pivot. Lesson: Don't rely on one type of project or client. Diversify your work mix so when one stream slows, another sustains you. 4. Relationships matter more than ever When suppliers had limited stock, who got the materials first? The contractors have strong, long-standing relationships. When crews were in short supply, which subs stuck around? The ones treated fairly, paid promptly, and respected. Lesson: Invest in your relationships. Pay suppliers and subs on time. Be transparent with clients. In times of disruption, trust and loyalty can save your business. 5. Technology isn't optional anymore The pandemic accelerated the adoption of technology across the industry. Contractors who relied only on paper receipts, hand-written invoices, or in-person meetings found themselves at a standstill. Those using cloud-based bookkeeping, project management apps, digital invoicing, and video calls continued to move forward. Lesson: Adopt technology before you “need” it. Utilize digital systems for bookkeeping, estimating, contract management, and communication. It's not about replacing personal touch—it's about being adaptable when disruptions happen. 6. Lean teams are resilient teams Many small contractors discovered they were carrying extra overhead—unused office space, underutilized vehicles, or administrative costs that didn't directly produce profit. During global disruption, reducing the crew to essentials, subs, and systems made survival possible. Lesson: Know your actual costs and eliminate waste. A lean operation is easier to sustain through downturns and easier to scale when demand returns. 7. Communication is your strongest tool One of the biggest frustrations during disruption was uncertainty. Clients wanted updates. Subs wanted to know if they'd be paid. Suppliers were vague about delivery dates. Contractors who communicated clearly—even if the news wasn't good—earned respect. Those who stayed silent or overpromised quickly lost trust. Lesson: Make communication a priority. Share updates often and honestly. It builds confidence, even when circumstances aren't ideal. 8. Mental health and burnout are real Global disruption didn't just strain finances—it strained people. Many contractors burned out from trying to keep jobs going under impossible conditions. Some worked longer hours to break even. Those who emerged stronger learned to set boundaries, delegate, and take care of themselves as much as they did their businesses. Lesson: You can't build a sustainable business if you're running on empty. Take time to recharge. A healthy owner leads a wholesome company. 9. Long-term planning beats short-term panic Disruption exposed those who were running their business reactively and those who had systems in place for long-term stability. Contractors with business plans, financial tracking, and clear goals were able to make adjustments without losing direction. Those who made decisions only in the heat of crisis often compounded their problems. Lesson: Develop a Long-Term Strategy for Your Business. Even if the world shifts, you'll have a framework to guide your choices. 10. Adaptability is a competitive advantage Perhaps the biggest lesson? The contractors who survived weren't always the strongest or the biggest—they were the most adaptable. They adopted new ways of working, revised their bidding process, experimented with various marketing approaches, and weren't afraid to adapt their business model. Lesson: Stay flexible. The ability to pivot quickly is more valuable than size or experience. Final thoughts Global disruption has left scars on the construction industry, but it has also left lessons that we can't ignore. For small contractors, the takeaway is clear: Protect your cash flow. Write airtight contracts. Diversify your work. Invest in relationships and technology. Prioritize communication and your own well-being. Disruptions may come again—whether global or local. But the lessons you've learned now can make your business stronger, more resilient, and more profitable in the long run. About The Author: Norhalma Verzosa is a Certified Construction Marketing Professional and serves as the Web Administrator of Fast Easy Accounting, located in Lynnwood, WA. She holds a Bachelor's Degree in Psychology and is a Certified Internet Web Professional, with certifications in Site Development Associate, Google AdWords Search Advertising, and HubSpot Academy. She manages the entire web presence of Fast Easy Accounting using a variety of SaaS tools, including HubSpot, Teachable, Shopify, and WordPress.
En este episodio te comparto una de las estrategias más comprobadas de los últimos 100 años para que tu empresa pueda operar sin depender de ti todo el tiempo. Descubre cada detalle de cómo implementarla y dar un gran paso hacia la libertad empresarial. ¡Agenda ahora mismo y toma acción inmediata en el crecimiento de tu empresa! Esta evaluación te hará saber si eres candidato para nuestra membresía, la cual te ayudara a implementar todas nuestras herramientas probadas en tiempo record de la mano de un coach certificado. Si tienes más de 10 colaboradores en tu empresa...¡Aprovecha esta extraordinaria oportunidad! AGENDA AQUÍ Descarga GRATIS en nuestra página web el libro "Estimado Emprendedor", una guía empresarial y espiritual / alta consciencia para lograr ser un emprendedor dueño de pequeña y mediana empresa exitoso y pleno: https://helpimentoring.com/ Si te está gustando el podcast te pido tu apoyo para suscribirte y dejar un buen review de (5 estrellitas), servirían mucho para que más emprendedores dueños de pequeñas/medianas empresas como tú puedan tener acceso. Sígueme en redes sociales para que me hagas tus comentarios sobre los episodios ¿qué te gustó?, ¿qué no te gustó?, ¿qué te llamó la atención?, para seguir ayudándote y seguir mejorando el podcast. INSTAGRAM: https://www.instagram.com/helpimentoring.com FACEBOOK: https://www.facebook.com/helpimentoring Aprovecha toda la ayuda que podemos darte en helpi Mentoring: 1. Con nuestros Master Class virtuales gratis. Por este medio y en Facebook podrás enterarte de los temas, días y horas. Hacemos 4 Master Class al mes. 2. Con nuestros Facebook Live gratis de Lunes a Jueves. https://www.facebook.com/helpimentoring 3. Con nuestro blog que publicamos en nuestra página de Internet: https://helpimentoring.com/blog/ En todos los formatos mencionados anteriormente compartimos herramientas exclusivas de nuestro programa que incluye muchas de las mejores herramientas y metodologías especializadas en pequeñas/medianas empresas a nivel mundial como EMyth (de Michael E. Gerber), Pumpkin Plan (de Mike Michalowicz), Profit First de Mike Michalowicz), Duct Tape Marketing (de Jhon Hantsch), etc. de diferentes áreas (operaciones, finanzas, Capital Humano, Marketing, Ventas, etc.). Mantente positivo y busca ayuda.
Want to master your business finances and achieve entrepreneurial success? Our next guest is Megan Schwan, CEO of Sidekick Accounting Services. She shares her remarkable journey from teen mom to building a successful business. In this episode, Megan demystifies the world of business finances, providing a fresh perspective on overcoming emotional barriers and embracing the innovative Profit First methodology. Learn how Megan's personal experiences have shaped her approach to entrepreneurship, focusing on the importance of self-care and setting boundaries to prevent burnout. Whether you're looking for financial clarity or aiming to build a sustainable business, Megan's practical tips will equip you with the tools you need for success. Connect with Megan Website: www.sidekick-accounting.com LinkedIn: https://www.linkedin.com/in/meganmschwan/ Facebook: https://www.facebook.com/mmschwan/ Instagram: https://www.instagram.com/mompreneurof4/ ✨ Join my Mompreneur Glow Up email list. It's your go-to source for all things life, leadHERship, and mindset.
You didn't start your business to stay stuck. If you're ready to finally hit 6 or 7 figures WITHOUT burning out — book a call with our team → https://weddingproceo.com/applicationSo many wedding pros get stuck buying course after course, hoping for a magic fix — but the truth is, no program can care about your business more than you do. In this episode, I'm breaking down why some entrepreneurs fail inside courses and the mindset shifts you need to finally see a return on your investments. The (FREE!)ASSUME Sales Training: 2x your wedding bookings in 30 days—step by step. Thousands of wedding pros have already used it to land more clients immediately! http://weddingproceo.com/freetrainingorgA favorite book of mine: Profit First by Mike Michalowicz https://amzn.to/4lbqZFwAnother favorite book of mine: Buy Back Your Time by Dan Martell https://amzn.to/3ITKLb4========================= EPISODE SHOW NOTES BLOG & MORE:https://weddingproceo.com/dirty-truth-about-courses/=========================Thank you for tuning in to this episode of the Wedding Pro CEO Podcast. If you find these strategies helpful, make sure to share this episode with your fellow wedding pros. And remember, in the world of weddings, it's all about building genuine relationships and showcasing your best work. Until next time, keep shining, CEOs!PLEASE SUPPORT THE PODCAST! LEAVE A REVIEW HERE: https://ratethispodcast.com/swdHave a question you'd like Brandee to answer? Ask here: http://bit.ly/3ZoqPmzHeads up, CEO! Some of the links I share may be affiliate links, which means I may earn a small commission if you decide to purchase—at no extra cost to you. I only recommend tools and resources I actually use and love, and that I believe will help you grow a profitable, sustainable business you're obsessed with.=========================Take the Wedding Pro CEO's free GAP assessmentSupport the show
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In this episode, I sit down with Jordan Fleming the co-founder of smrtPhone and author of Click Call Scale, to talk about the one tool most investors overlook when trying to grow their business: the phone system. We dive into how deep CRM integration, intentional data use, and AI-driven sales tools are transforming the way real estate investors manage teams, follow up with leads, and stay compliant.If you've ever thrown money at leads and wondered why your close rate is still weak, Jordan's insights are the wake-up call you need. From avoiding six-figure fines to converting more sellers through thoughtful follow-up, this episode is packed with actionable strategies that will change how you view your phone—and your business.Episode Timeline:[0:00] – The origin of smrtPhone and how it grew from Podio users to REI giants[5:20] – Why deep CRM integrations beat generic phone systems every time[7:10] – What most investors get wrong about calling and follow-up[10:00] – The power of full communication history in closing more deals[12:15] – AI call scoring and training: a game changer for growing sales teams[14:30] – The gold is in the follow-up—how automation unlocks deal flow[16:55] – Click Call Scale: Jordan's new book and why data hygiene matters [19:45] – How sloppy calling habits can get you fined (or blacklisted) [24:00] – Legal risks vs. carrier risks—why compliance is both a law and a behavior issue [26:10] – Free book offer and extra gifts for investors ready to scale right5 Key TakeawaysYour phone system is not just a tool—it's the foundation of your sales engine.Clean, structured data is the #1 factor in avoiding lost leads and legal trouble.AI tools like call scoring are essential for training and scaling your team effectively.The fortune is in the follow-up—but only if you systematize it.Compliance isn't optional. Sloppy calling behavior can cost you five figures—or more.Links & ResourcesLearn more about smrtPhone: www.smrtphone.ioNeed help keeping the money you make? Visit: www.simplecfo.comIf this episode gave you a lightbulb moment, don't forget to rate, follow, and share the podcast. And leave a review to help more real estate investors discover the Profit First for REI show!
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So many entrepreneurs get stuck in the mindset that profit is what is leftover from business expenses. But this tends to leave business owners as the last ones getting paid - even though they are the ones accepting all of the risk and responsibility. However, there are long-term ramifications of this mindset. When lawyers are paying themselves last, they risk damaging their emotional health, home relationships, and general wellbeing. As personal financial stress piles up, they are less likely to serve their clients or business well, damaging the long term sustainability of their practices. Ben Hockema joins today to discuss: The risks of lawyers paying themselves last How to implement the “Profit First” business model How to balance paying yourself while still fueling your business Visit Ben online here: https://www.illuminatewm.com/. Buy "Profit First" by Mike Michalowicz here: https://amzn.to/46XmQ3Y. See all episodes or subscribe to the Personal Injury Marketing Minute here: https://optimizemyfirm.com/podcasts/.
In this episode of the Six Figure Author Experiment, Lee and Russell are joined by Seth Norris, CPA and founder of Author CPA. Together, they demystify accounting, taxes, and cash flow for authors, with a focus on the popular Profit First method. Seth explains how authors can structure their finances to increase profit, manage ad spend, and avoid costly tax mistakes. From S-Corps to home office deductions, they cover practical strategies to help authors keep more of what they earn while building a sustainable business mindset.Topics Covered:* Why most authors avoid money conversations—and why that's a mistake* The core principles of the Profit First method* How to use multiple bank accounts to enforce profit, taxes, and expenses* Recommended Profit First percentages for authors under $250K/year* What “real revenue” means and why ad spend may belong in cost of goods* Challenges of funding growth and why debt can be dangerous* How to reinvest profit and owner pay strategically* The role of intellectual property as an asset in author businesses* When and why to consider switching from sole proprietor/LLC to S-Corp* The true tax differences between LLCs and S-Corps* How “reasonable compensation” works under IRS rules* Smart ways to save on taxes: SEPs, Solo 401Ks, and home office deductions* Hobby vs. business rules and how to prove intent to profit* Why mindset matters: paying yourself and thinking like a business owner* Memorable tax court cases authors can learn from (including a brothel research deduction!)* Building systems that support sustainable growth and financial confidenceWebsite: authorcpa.comYoutube: youtube.com/@authorcpaNewsletter: norriscpafirm.com/newsletter This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.sixfigureauthorexperiment.com
Send me a DM "GROW" on IG instagram.com/jenniferjadealvarez to get your FREE copy of The Ultimate Salon Growth Blueprint: Systems, Sales, and Scaling for SuccessMYA- Lead Generation Quiz https://joinmya.com/meetings/hannah-kipp/mya-virtual-tour-jennifer-alvarez Use code JA2FREE for 2 months free Ready to work with a VA? https://keap.page/tjb048/elevate-strategic-partnership.htmlJoin the free Facebook group to join like minded beauty pros! www.Facebook.com/groups/salonandsuitebusinessJOIN TRUE PROFIT LEARN MOREGRAB THE FREEBIE HERE https://trueprofitsalons.com/beautybusiness?utm_source=chatgpt.comKeywordssalon finances, bookkeeping, cash management, salon profitability, pricing strategies, commission structure, profit and loss, salon growth, financial health, True Profits LawnsSummaryIn this episode of the Beauty Business Game Changer Podcast, host Jennifer Alvarez speaks with Ross Loveland of True Profits Lawns about the importance of financial management for salon owners. Ross shares his journey into bookkeeping and how he found his niche in working with salons. They discuss common financial struggles faced by salon owners, the significance of cash management, and effective pricing strategies. Ross emphasizes the benefits of a commission structure for salon teams and the importance of understanding profit and loss statements. He also introduces the Profit First methodology as a way to manage finances effectively and encourages salon owners to take control of their financial health.TakeawaysUnderstanding your finances is crucial for salon success.Niching down can lead to better client relationships.Salon owners often struggle with cash management.Pricing should reflect the value provided, not just competition.A commission structure can enhance team motivation and profitability.Profit and loss statements are essential for financial health.Setting aside funds during good months prepares for slow seasons.The Profit First methodology helps manage cash flow effectively.Customization of financial insights is key for salon owners.Small changes can lead to significant improvements in business. Chapters00:00 Introduction to True Profits Lawns02:38 The Journey to Specialization in Bookkeeping05:24 Understanding Financial Struggles in the Salon Industry09:40 The Importance of Cash Management16:01 Pricing Strategies for Salon Services18:41 The Benefits of a Commission Structure22:22 Understanding Profit and Loss Statements25:54 Navigating Commission Rates and Employee Growth31:03 Managing Payroll and Financial Health33:47 Preparing for Financial Challenges38:08 Implementing the Profit First Methodology42:17 Customizing Financial Insights for Salon Owners47:24 Final Thoughts and Encouragement for Salon Owners
En este episodio, Eduardo Garza T., de la empresa FRISA, nos comparte su experiencia real de cómo llevó a su organización de 3 a 3,000 colaboradores aplicando la filosofía del capitalismo consciente. Una conversación inspiradora sobre liderazgo, crecimiento y resultados sostenibles. ¡Agenda ahora mismo y toma acción inmediata en el crecimiento de tu empresa! Esta evaluación te hará saber si eres candidato para nuestra membresía, la cual te ayudara a implementar todas nuestras herramientas probadas en tiempo record de la mano de un coach certificado. Si tienes más de 10 colaboradores en tu empresa...¡Aprovecha esta extraordinaria oportunidad! AGENDA AQUÍ Descarga GRATIS en nuestra página web el libro "Estimado Emprendedor", una guía empresarial y espiritual / alta consciencia para lograr ser un emprendedor dueño de pequeña y mediana empresa exitoso y pleno: https://helpimentoring.com/ Si te está gustando el podcast te pido tu apoyo para suscribirte y dejar un buen review de (5 estrellitas), servirían mucho para que más emprendedores dueños de pequeñas/medianas empresas como tú puedan tener acceso. Sígueme en redes sociales para que me hagas tus comentarios sobre los episodios ¿qué te gustó?, ¿qué no te gustó?, ¿qué te llamó la atención?, para seguir ayudándote y seguir mejorando el podcast. INSTAGRAM: https://www.instagram.com/helpimentoring.com FACEBOOK: https://www.facebook.com/helpimentoring Aprovecha toda la ayuda que podemos darte en helpi Mentoring: 1. Con nuestros Master Class virtuales gratis. Por este medio y en Facebook podrás enterarte de los temas, días y horas. Hacemos 4 Master Class al mes. 2. Con nuestros Facebook Live gratis de Lunes a Jueves. https://www.facebook.com/helpimentoring 3. Con nuestro blog que publicamos en nuestra página de Internet: https://helpimentoring.com/blog/ En todos los formatos mencionados anteriormente compartimos herramientas exclusivas de nuestro programa que incluye muchas de las mejores herramientas y metodologías especializadas en pequeñas/medianas empresas a nivel mundial como EMyth (de Michael E. Gerber), Pumpkin Plan (de Mike Michalowicz), Profit First de Mike Michalowicz), Duct Tape Marketing (de Jhon Hantsch), etc. de diferentes áreas (operaciones, finanzas, Capital Humano, Marketing, Ventas, etc.). Mantente positivo y busca ayuda.
Mike Michalowicz was declared as one of the contenders for patron saint of entrepreneurs by Simon Sinek. He is a serial entrepreneur who started several multi-million-dollar companies and uses his businesses to test and perfect ideas other entrepreneurs can use to excel. He is the author of the bestselling Entrepreneurship Simplified book series, which includes hits like Profit First, Clockwork, Get Different, and his latest, All In. In this classic episode, Mike joined host Robert Glazer on the Elevate Podcast to talk about building high-performing, loyal teams, finding profitability, simplifying entrepreneurship, and much more. Thank you to the sponsors of The Elevate Podcast Shopify: shopify.com/elevate Indeed: indeed.com/elevate Headway: makeheadway.com/elevate (Promo Code: Elevate) Castbox: castbox.fm Learn more about your ad choices. Visit megaphone.fm/adchoices
Grow My Accounting Practice | Tips for Accountants & Bookkeepers to Grow Their Business
Show Summary: In this episode, Erika Jones explains how accounting professionals and business owners can identify profit leaks, adjust their pricing and cash flow strategies, and implement a CFO-backed system that makes profitability predictable rather than accidental. She also shares how she combines the Profit First framework with her proprietary Profit Seen™ system to help clients move from guesswork to financial clarity and sustainable growth. Website:https://sheknowsprofits.com LinkedIn: https://www.linkedin.com/in/erika-jones-cfo-profit-first-professional/ YouTube: https://www.youtube.com/@SheKnowsProfits Corporate Partner:Bill.com - https://www.bill.com/grow Profit First App Version 2.0 is here! More Education. More Functionality. More Profit!
In this episode, Chad welcomes David Richter, real estate investor, author of "Profit First for Real Estate," and founder of Simple CFO. David shares how he went from watching a 25-deal-a-month business spend more than it was making to developing a simple system for managing cash flow. He discusses how to implement the "Profit First" system in a real estate business. He also offers a free digital copy of his book to our listeners.Get David's Free Book Offer here: simplecfo.com/giftConnect with David:Instagram https://www.instagram.com/simplecfosolutions/Facebook https://www.facebook.com/thesimplecfo/Website simplecfo.comVisit our website at www.TrueWealthInvestors.com for more real estate wisdom and resources. More Resources & LinksStruggling to get started in Real Estate or feel like you are struggling to get to the next level? Check out this Free Vision Casting Video to help clarify your goals and get specific steps to accomplish them!Schedule a 30 Minute Discovery Call with Chad Accelerate the growth of your business and reclaim control of your life! Are you tired of your business running you instead of the other way around? It's easy to get bogged down in the day-to-day operations, making it challenging to identify overarching challenges and solutions. Let's schedule a call to gain a strategic 10,000-foot perspective and devise a tailored plan for your success. Take the first step towards a business that not only thrives but also enhances your life! Connect with Chad on LinkedInFollow Chad on InstagramFollow Chad on YouTubeFollow True Wealth on FacebookBe sure to leave a rating & review to let us know how this show has helped YOU!
In this episode, I sit down with Gino Barbaro—multifamily investor, author, educator, and co-founder of Jake & Gino. We dive deep into the mindset, systems, and financial foundations that helped him scale from a pizza shop owner to a real estate mogul managing over 2,000 units.Gino shares the critical role that Profit First played in helping him gain control over his personal and business finances—and why so many investors fail not from lack of opportunity, but from lack of clarity and discipline. This episode is a masterclass in building a long-term, values-driven real estate business that actually creates wealth and freedom.Episode Timeline[0:00] – Introduction[1:25] – From family business burnout to discovering multifamily real estate[3:45] – Scaling with partnerships: how Jake & Gino built a vertically integrated company[6:12] – Why multifamily is more forgiving than single-family investing[9:00] – Using Profit First to remove emotion from business decisions[10:40] – You can't outsource what you don't understand—why financial literacy is step one[12:20] – The “3 pillars” of real estate success: buy right, manage right, finance right[15:15] – Teaching your kids about money, wealth, and entrepreneurship[17:50] – The one mindset shift that separates successful investors from burned-out ones[20:30] – Why “purpose over profit” actually leads to more sustainable business growth[23:05] – How Gino uses Profit First in both personal and business budgets[26:00] – Where to start if you feel overwhelmed by your numbers5 Key TakeawaysClarity comes before scaling. Without control over your finances, more doors just means more chaos.Profit First works because it's simple. Gino uses it personally and professionally to stay focused and disciplined.Vertical integration creates true freedom. Jake & Gino scaled by controlling management, education, and investing under one roof.Teach wealth early. Gino involves his six kids in financial education—because legacy starts at home.Mindset is the multiplier. If you don't believe you're worthy of wealth, no strategy will save you.Links & ResourcesConnect with Gino: JakeandGino.comGino's book: The HoneybeeLearn Profit First for real estate: SimpleCFO.comIf this episode gave you clarity or motivation, be sure to rate, follow, and leave a review. Share it with a fellow investor who's ready to grow with purpose and profit.
In this special Community Q&A episode, Annette Ferguson answers the top 10 most common questions about implementing Profit First in your business. Whether you're just starting out or looking to refine your system, this episode is packed with practical advice for UK business owners.Key Takeaways:• Profit First is for Everyone (with a catch): Learn why Profit First works for any business size or industry, but why you can't just take the percentages straight from the book.• VAT is Not Your Money: Discover the right way to handle VAT in your Profit First system to avoid nasty surprises from HMRC.• Feeling Overwhelmed? Start Here: Find out the one simple exercise you can do today to get your business finances under control, even if you're not ready for the full Profit First system.In This Episode, You'll Learn:• The 10 Most Common Profit First Questions: Get clear, actionable answers to your biggest questions about bank accounts, percentages, VAT, and more.• Why Spreadsheets Don't Work: Understand the psychological and practical reasons why you need to physically separate your money.• How to Reduce Your Operating Expenses: Learn the "Money Leaks Exercise" to identify and eliminate unnecessary spending in your business.• The Right Way to Get Started: Discover how to determine your initial Profit First percentages and map your journey to financial health.Resources Mentioned:• "The Profit Plan" Book: Amazon UK• Money Leaks Exercise: Find it on the YouTube Channel• Book a Fitting Call: annetteandco.co.uk/fitting
You didn't start your business to stay stuck. If you're ready to finally hit 6 or 7 figures WITHOUT burning out — book a call with our team → https://weddingproceo.com/applicationToo many wedding pros are bringing in high revenue but still living paycheck to paycheck. In this episode, I'm walking you through the real numbers behind your burnout—why 70% payouts are tanking your profit, and what sustainable, CEO-level pay structures actually look like. If you're working every weekend but still can't pay yourself, it's time to change the math.The (FREE!)ASSUME Sales Training: 2x your wedding bookings in 30 days—step by step. Thousands of wedding pros have already used it to land more clients immediately! http://weddingproceo.com/freetrainingorgA favorite book of mine: Profit First by Mike Michalowicz https://amzn.to/4lbqZFwAnother favorite book of mine: Buy Back Your Time by Dan Martell https://amzn.to/3ITKLb4========================= EPISODE SHOW NOTES BLOG & MORE:https://weddingproceo.com/math-bankrupting-wedding-industry/=========================Thank you for tuning in to this episode of the Wedding Pro CEO Podcast. If you find these strategies helpful, make sure to share this episode with your fellow wedding pros. And remember, in the world of weddings, it's all about building genuine relationships and showcasing your best work. Until next time, keep shining, CEOs!PLEASE SUPPORT THE PODCAST! LEAVE A REVIEW HERE: https://ratethispodcast.com/swdHave a question you'd like Brandee to answer? Ask here: http://bit.ly/3ZoqPmzHeads up, CEO! Some of the links I share may be affiliate links, which means I may earn a small commission if you decide to purchase—at no extra cost to you. I only recommend tools and resources I actually use and love, and that I believe will help you grow a profitable, sustainable business you're obsessed with.=========================Take the Wedding Pro CEO's free GAP assessmentSupport the show
While we often view bookkeepers as the magicians of our business finances, appreciating their attention to detail, their ability to categorize and match debits and credits, and for keeping our finances organized, there also exists the perception of a gap between the business owner's and the bookkeeper's knowledge of how money works. This lack of understanding can lead to miscommunications and underappreciation for the work that therapists or bookkeepers do. Sara Walls has seen both sides of the coin, having experienced being the therapist who needed help managing the business finances to becoming the bookkeeper who now helps therapists with their money. She actually left private practice for a few years until she discovered additional tools like Profit First by Mike Michalowicz and Linzy's course, “Money Skills for Therapists” (links below). In fact, one of her biggest realizations that helped push her to pursue help is summarized nicely with this quote: (00:06:17) "It became clear the more I got into it that what I didn't know was how much I could actually afford to pay myself, when I could pay myself, how consistently I could pay myself, exactly how much I should be saving for taxes." - Sara Walls Learn about her journey from therapist to bookkeeper for therapists, some financial management tips for neurodivergent private practice owners, ways to develop good financial habits to reduce stress about money and gain a deeper understanding of what a good bookkeeper can do for your business. Reducing Stress and Enhancing Financial Management with Accountability (00:02:45) Bookkeepers' Unrecognized Complexity in Accounting Profession (00:08:45) Therapist turned Bookkeeper shares financial insights (00:19:10) Bookkeepers: Undervalued and Underpaid Professionals (00:20:58) Routine Financial Engagement for Reduced Money Stress (00:28:44) Financial Co-Regulation for Enhanced Accountability (00:30:37) Financial Literacy Training for Therapists Establishing Open Lines of Communication & Good Financial Habits for Long-Term Success Finding an aligned service provider when it comes to your business finances may require an interview or other setting where you can determine their level of transparency, their defensiveness or openness when you ask questions, and their expectation of your two roles in the business relationship. Some bookkeepers may gatekeep as their defensive reaction to “protecting” their value. Similarly, some practice owners may not recognize the complexity of the work required to keep the business finances straight. Here are immediate ways to improve your bookkeeping and financial management skills in your therapy practice: Establish a financial routine: Regularly approach your finances, whether it's checking your bank app, updating spreadsheets, or using accounting software like QuickBooks. Systemize & organize: Keep track of your income and expenses systematically to avoid falling behind, implementing some automation and delegation to help along the way. Learn basic accounting: Seek basic understanding of financial concepts like debits and credits. This knowledge can empower you to manage your finances more effectively. Find assistance & accountability: Work with a qualified bookkeeper who understands the specific needs of therapists and small business owners and who openly answers your questions and provides transparency. Avoid the “it's a write-off!” trap: While deductions are beneficial, ensure you have enough cash flow to pay yourself and set aside funds for...
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In this episode of the Elevate Media Podcast, Chris Anderson sits down with Austin McMillan, founder of Flywheel Financial, to talk about building profitable businesses through financial clarity and smart systems. Austin shares his journey from acquisitions in the landscaping industry to launching his own fractional CFO firm. They dive into why chasing revenue can sink businesses, the importance of profit-first strategies, and how to avoid burnout while scaling.Main Talking Points:Austin's journey into entrepreneurship and Flywheel Financial's missionWhy profit—not revenue—is the real scorecard for business healthThe importance of financial rhythms and owner KPIsRed flags that lead to burnout and financial stressBuilding accountability systems and effective team cultureHow AI is reshaping bookkeeping and financial servicesThe role of margin in creating freedom and creativityPersonal legacy, integrity, and family impact This episode is NOT sponsored. Some product links are affiliate links, meaning we'll receive a small commission if you buy something.===========================⚡️PODCAST: Subscribe to our podcast here ➡ https://elevatemedia.buzzsprout.com/⚡️Need post-recording video production help? Let's chat ➡ https://calendly.com/elevate-media-group/application⚡️For Support inquires or Business inquiries, please email us at ➡︎ support@elevate-media-group.comOur mission here at Elevate Media is to help purpose-driven entrepreneurs elevate their brands and make an impact through the power of video podcasting.Disclaimer: Please see the link for our disclaimer policy for all our episodes or videos on the Elevate Media and Elevate Media Podcast YouTube channels. https://elevatemediastudios.com/disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
In this episode, Annette Ferguson takes you beyond the basics of Profit First and into the advanced strategies you need to scale your business past the £500,000 revenue mark. If you're an established business owner looking to level up your financial game, this episode is packed with actionable advice for evolving your Profit First system as your business grows.Key Takeaways:•Your Percentages Must Evolve: Learn why the Profit First percentages that got you to £100k won't work for £500k and beyond, and what the key revenue milestones are for reassessing your allocations.•Strategic Hiring is Non-Negotiable: Discover how to use Profit First to support strategic hiring, avoiding the common mistake of letting payroll balloon and erode your profitability.•Systems are the Key to Scalable Profit: Understand why "winging it" is no longer an option at this level and how to build robust, scalable financial systems on top of your Profit First foundation.In This Episode, You'll Learn:•5 Advanced Profit First Strategies: A deep dive into adjusting your percentages, handling multiple revenue streams, strategic hiring, tax optimization, and building scalable systems.•Real-World Case Studies: Learn from the experiences of other business owners who have successfully navigated the challenges of scaling with Profit First.•How to Be Proactive, Not Reactive: Shift your mindset from simply managing your finances to strategically planning for growth and profitability.•The Importance of Professional Guidance: Understand why working with a Profit First professional becomes even more critical as your business scales and your financial situation becomes more complex.Resources Mentioned:• Book a Call with Annette & Co: https://www.annetteandco.co.uk/fitting/• Profit First for UK Business Workshop £27: https://www.annetteandco.co.uk/profit-first-for-uk-business/
Grow My Accounting Practice | Tips for Accountants & Bookkeepers to Grow Their Business
Show Summary: In this episode, we dive into a new book by Kayla Caldwell, Profit First Professional, founder of KC Virtual Bookkeeping, and creator of the PEACE framework. The PEACE Strategy combines the practical money management principles of Profit First with intuitive strategy and nervous system-aware business design. Built around five pillars—Profit, Energy, Alignment, Capacity, and Ease—this framework helps women entrepreneurs move beyond burnout and financial overwhelm to build businesses that truly support their lives. Kayla shares how baby steps toward Profit, clarity around energy drains and fuels, alignment with dream clients, working within true capacity, and designing systems for ease all come together to create sustainable, profitable businesses. For women balancing a lot while building what matters, The PEACE Strategy offers both a compassionate guide and a clear path to financial clarity, boundaries, and peace. Website:https://kcvirtualbookkeeping.myflodesk.com/quicklinks LinkedIn:linkedin.com/in/caldwellkayla Instagram: instagram.com/kcvbookkeeping Corporate Partner:Impact Global Solutions - mailto:lwhittam@csuiteimpact.com Profit First App Version 2.0 is here! More Education. More Functionality. More Profit!
La gestión del tiempo es una de las áreas menos atendidas por los dueños de negocio, pero también una de las más determinantes para la productividad y el enfoque. En este episodio te comparto el sistema SPEED de Time Management, una herramienta simple que puede exponenciar tus resultados. ¡Agenda ahora mismo y toma acción inmediata en el crecimiento de tu empresa! Esta evaluación te hará saber si eres candidato para nuestra membresía, la cual te ayudara a implementar todas nuestras herramientas probadas en tiempo record de la mano de un coach certificado. Si tienes más de 10 colaboradores en tu empresa...¡Aprovecha esta extraordinaria oportunidad! AGENDA AQUÍ Descarga GRATIS en nuestra página web el libro "Estimado Emprendedor", una guía empresarial y espiritual / alta consciencia para lograr ser un emprendedor dueño de pequeña y mediana empresa exitoso y pleno: https://helpimentoring.com/ Si te está gustando el podcast te pido tu apoyo para suscribirte y dejar un buen review de (5 estrellitas), servirían mucho para que más emprendedores dueños de pequeñas/medianas empresas como tú puedan tener acceso. Sígueme en redes sociales para que me hagas tus comentarios sobre los episodios ¿qué te gustó?, ¿qué no te gustó?, ¿qué te llamó la atención?, para seguir ayudándote y seguir mejorando el podcast. INSTAGRAM: https://www.instagram.com/helpimentoring.com FACEBOOK: https://www.facebook.com/helpimentoring Aprovecha toda la ayuda que podemos darte en helpi Mentoring: 1. Con nuestros Master Class virtuales gratis. Por este medio y en Facebook podrás enterarte de los temas, días y horas. Hacemos 4 Master Class al mes. 2. Con nuestros Facebook Live gratis de Lunes a Jueves. https://www.facebook.com/helpimentoring 3. Con nuestro blog que publicamos en nuestra página de Internet: https://helpimentoring.com/blog/ En todos los formatos mencionados anteriormente compartimos herramientas exclusivas de nuestro programa que incluye muchas de las mejores herramientas y metodologías especializadas en pequeñas/medianas empresas a nivel mundial como EMyth (de Michael E. Gerber), Pumpkin Plan (de Mike Michalowicz), Profit First de Mike Michalowicz), Duct Tape Marketing (de Jhon Hantsch), etc. de diferentes áreas (operaciones, finanzas, Capital Humano, Marketing, Ventas, etc.). Mantente positivo y busca ayuda.
Tired of feast or famine finances? Learn why the key to financial stability is to treat profit as a habit, not an event.
In this inspiring client spotlight episode, Annette Ferguson walks you through the incredible transformation of Sarah, a marketing consultant who went from zero profit to £4,000 a month. If you feel like you're working harder than ever but not seeing the financial rewards, this episode provides a repeatable roadmap for transforming your own business.Key Takeaways:• Profit is Hiding in Your Business: Learn how to uncover the hidden profit potential in your business by addressing the four key problem areas: cash flow, expenses, pricing, and systems.• The Power of a Profit Plan: Discover the exact steps to stop money leaks, implement value-based pricing, and set up a cash management system that works for you.• Scaling the Right Way: Understand why you must fix your business's foundations before you scale, or risk creating a "bigger monster to feed."In This Episode, You'll Learn:• Sarah's Starting Point: The emotional and financial reality of a business with good revenue but no profit, and the breaking point that led to change.• The 5-Step Transformation Process: A detailed breakdown of the steps taken to transform Sarah's business, from an expenses audit to implementing Profit First.• How to Increase Your Prices Without Losing Clients: Learn how Sarah increased her prices by 60% for new clients and retained 80% of her existing clients.• The Importance of Operational Efficiencies: Discover how to free up your time and resources by documenting processes, creating templates, and delegating effectively.Resources Mentioned:• Money Leaks Exercise Video: https://youtu.be/tKDmRApyrww• The Profit Plan Book by Annette Ferguson: https://www.annetteandco.co.uk/ppbook• Book a Fitting Call with Annette & Co: https://annetteandco.co.uk/fitting
You didn't start your business to stay stuck. If you're ready to finally hit 6 or 7 figures WITHOUT burning out — book a call with our team → https://weddingproceo.com/applicationToo many wedding pros are stuck using sales strategies that don't work anymore—like sending a proposal after the consult or overwhelming clients with choices. In this episode, I'm sharing 3 outdated sales tactics that are keeping you underpaid and overworked, and what to do instead so you can confidently close the sale on the call and scale to consistent 5-figure months.The (FREE!)ASSUME Sales Training: 2x your wedding bookings in 30 days—step by step. Thousands of wedding pros have already used it to land more clients immediately! http://weddingproceo.com/freetrainingorg A favorite book of mine: Profit First by Mike Michalowicz https://amzn.to/4lbqZFw Another favorite book of mine: Buy Back Your Time by Dan Martell https://amzn.to/3ITKLb4========================= EPISODE SHOW NOTES BLOG & MORE:https://weddingproceo.com/3-outdated-wedding-sales-strategies/=========================Thank you for tuning in to this episode of the Wedding Pro CEO Podcast. If you find these strategies helpful, make sure to share this episode with your fellow wedding pros. And remember, in the world of weddings, it's all about building genuine relationships and showcasing your best work. Until next time, keep shining, CEOs!PLEASE SUPPORT THE PODCAST! LEAVE A REVIEW HERE: https://ratethispodcast.com/swdHave a question you'd like Brandee to answer? Ask here: http://bit.ly/3ZoqPmzHeads up, CEO! Some of the links I share may be affiliate links, which means I may earn a small commission if you decide to purchase—at no extra cost to you. I only recommend tools and resources I actually use and love, and that I believe will help you grow a profitable, sustainable business you're obsessed with.=========================Take the Wedding Pro CEO's free GAP assessmentSupport the show
Send us a textEver wondered how to turn financial expertise into a thriving remote business that creates both freedom and wealth? Sherrel T. Martin, founder and CEO of Nitrum Financial Solutions, pulls back the curtain on building a successful virtual bookkeeping practice that serves entrepreneurs while allowing her to be present for her family.Contrary to popular belief, Sherrel reveals that bookkeeping success hinges more on problem-solving abilities than mathematical prowess. "Math is the smallest part," she explains, dispelling the myth that you need complex calculation skills to excel in this field. What truly matters is understanding compliance, creating systems, and helping clients navigate financial decisions with confidence.The conversation takes a fascinating turn as Sherrel shares her methodology for helping business owners actually pay themselves consistently—a struggle for many entrepreneurs. Through implementing cash management systems based on the "Profit First" approach, she's transformed how clients view their money, leading to greater personal and business wealth. Her mission goes beyond accurate books; she's passionate about creating a financial legacy for herself and those she serves.For aspiring bookkeepers, Sherrel offers practical wisdom on avoiding common pitfalls: pricing services appropriately (hint: bundle packages instead of hourly billing), finding your industry niche, and being intentional about client selection. Her candid admission about leaving her corporate job too quickly resonates with anyone contemplating their own entrepreneurial leap.Whether you're considering a bookkeeping business or simply want to better understand your company's finances, this episode delivers actionable insights on creating profitability, maintaining proper financial boundaries, and building a business that serves your life rather than consuming it. Discover why "pricing for profit" might be the mindset shift that transforms your financial future.
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Are you sabotaging your law firm's success? RJon Robins pulls directly from Chapter 16 of the Profit First for Lawyers book to reveal 2 choices that destroy profitability and how to fix them.
What happens when your business loses over half a million dollars—and it's your own fault? In this episode, I'm joined by my good friend and client Caleb Luketic, who shares how he climbed out of a $550K loss through strategy, grit, and knowing his numbers. We dive deep into the raw, behind-the-scenes reality of being on the brink—and how clarity, accountability, and CFO support helped him rebuild a thriving business in just 18 months.Caleb doesn't just talk about the comeback. He reveals the specific shifts in strategy that saved his business—like choosing assignments over flips, getting creative with owner financing, and radically narrowing his marketing focus to only what worked. If you're in real estate and feeling overwhelmed, this episode will show you it's not just possible to turn things around—it's profitable.Episode Timeline[0:00] – Introduction[2:05] – Caleb's background in marketing and how it evolved into real estate investing[5:50] – How poor decisions and bad hires led to $550K in losses[8:30] – Facing the choice: bankruptcy or bounce back[10:20] – The 18-month payoff plan and how data made all the difference[12:00] – Why gut decisions nearly sank the business—and what saved it instead[14:10] – Flipping vs. wholesaling: how choosing cash now won the long game[16:00] – The $80K wholesale assignment that cleared the final debt[18:15] – New challenges: when the market shifts mid-flip[22:40] – Why Caleb is moving away from flips to owner financing and wholesale[24:00] – The emotional difference between retail buyers and owner-financed buyers[28:00] – Caleb's marketing agency focus: SEO, PPC, and Meta ads[30:20] – Real ROI breakdowns for marketing channels[32:00] – Why you need someone to help you pivot—before it's too late5 Key TakeawaysLosing money isn't the end—lack of strategy is. Caleb turned a $550K loss into a growth story by facing the numbers head-on.Wholesaling brought the cash flow flipping couldn't. Fast assignments became the engine for rebuilding his business.Marketing without data is dangerous. Narrowing efforts to what worked (and ditching what didn't) saved thousands.You must pay off the emotional debt too. Caleb shares how personal shame nearly sidelined his comeback.You don't need more leads—you need more clarity. Profit First helped Caleb make smarter decisions and recover with purpose.Links & ResourcesConnect with Caleb Luketic: www.calebluketic.comLearn more about Profit First implementation: www.simplecfo.comIf this episode inspired you, helped you, or made you rethink your strategy—don't forget to rate, follow, and share the show. Your reviews help more real estate investors discover the Profit First for REI podcast. Let's keep growing together!
Branding Auto Repair From the Inside with Lola Schmidt Running an auto repair shop takes more than fixing cars—it takes building a brand that customers trust. In this episode, Lola Schmidt shares her journey of turning a shop from a tough beginning into a standout, customer-first business.She dives into:How to create a brand identity that feels authenticWhy appearance, curb appeal, and safety matter to customersBalancing roles as husband-and-wife shop ownersThe importance of asking your community what they wantMust-read books like Profit First that help shop owners stay profitableIf you're looking to improve your shop's image, strengthen customer loyalty, and grow without burning out, this episode is packed with real, actionable advice.Don't forget to like, subscribe, and share with another shop owner who needs to hear this.
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Welcome to another episode of Accelerate Your Business Growth! Today, host Diane Helbig sits down with Suzanne Mariga, CPA, certified Profit First Professional, and founder of the Mariga Group. Suzanne is passionate about empowering minority entrepreneurs to achieve financial freedom through intentional financial habits and the proven Profit First methodology. In this conversation, Suzanne shares actionable strategies for managing cash flow, building sustainable profitability, and avoiding common pitfalls that keep even high-earning businesses from thriving. Whether you're struggling with cash flow, wondering how to price for profit, or want to level up your financial systems, Suzanne's advice will give you practical tools to create lasting success. Plus, she reveals how her book is making an impact beyond the business world. Join us for invaluable tips to help you flip the script on your business finances and set yourself up for enduring growth! Be sure to pick up a copy of Profit First for Minority Business Enterprises If you are a small business owner or salesperson who struggles with getting the sales results you are looking for, get your copy of Succeed Without Selling today. Learn the importance of Always Be Curious. Accelerate Your Business Growth is proud to be included on the list of the 45 Best Business Growth Podcasts. We are also honored to be selected by FeedSpot as one of the Top 10 Growth Hacking Podcasts, Top 25 Evergreen Podcasts and Top 50 Business Growth Podcasts on the web. Each episode of this podcast provides insights and education around topics that are important to you as a business owner or leader. The content comes from people who are experts in their fields and who are interested in helping you be more successful. Whether it's sales challenges, leadership issues, hiring and talent struggles, marketing, seo, branding, time management, customer service, communication, podcasting, social media, cashflow, or publishing, the best and the brightest join the host, Diane Helbig, for a casual conversation. Discover programs, webinars, services, books, and other podcasts you can tap into for fresh ideas. Be sure to subscribe so you never miss an episode and visit Helbig Enterprises to explore the many ways Diane can help you improve your business outcomes and results. Learn more about your ad choices. Visit megaphone.fm/adchoices
In this episode of Financial and Lifestyle Freedom for UK Business Owners, Annette Ferguson dives deep into the Profit First cash management system and reveals the five biggest mistakes UK businesses make when trying to implement it. If you've ever struggled to get Profit First working for your business, or if you're considering implementing it, this episode is packed with essential advice.Key Takeaways:• Profit First is Not One-Size-Fits-All: Learn why you can't just take the percentages from the book and apply them to your UK business.• VAT is a Critical Factor: Discover why ignoring VAT is a major pitfall and how to handle it correctly within your Profit First system.• Professional Guidance is Key: Understand why going it alone with Profit First often leads to failure and how professional support can ensure your success.In This Episode, You'll Learn:• The 5 Biggest Profit First Mistakes: Annette breaks down the common errors that cause UK businesses to fail with Profit First, from incorrect bank account setups to treating it as a one-time system.• How to Adapt Profit First for the UK: Get practical advice on adjusting the system for the UK's unique tax and banking systems.• The Importance of Regular Reviews: Learn why Profit First is not a "set and forget" system and how to actively manage it for long-term success.Resources Mentioned:• Book a Fitting Call with Annette & Co: https://www.annetteandco.co.uk/fitting/• Free Profit First Core Chapters: https://www.annetteandco.co.uk/pfbook/
En este episodio hablamos sobre el poder de la intención y cómo, al comprenderla desde una perspectiva de alta consciencia, puedes integrarla en tu vida para alcanzar mayor plenitud y bienestar. ¡Agenda ahora mismo y toma acción inmediata en el crecimiento de tu empresa! Esta evaluación te hará saber si eres candidato para nuestra membresía, la cual te ayudara a implementar todas nuestras herramientas probadas en tiempo record de la mano de un coach certificado. Si tienes más de 10 colaboradores en tu empresa...¡Aprovecha esta extraordinaria oportunidad! AGENDA AQUÍ Descarga GRATIS en nuestra página web el libro "Estimado Emprendedor", una guía empresarial y espiritual / alta consciencia para lograr ser un emprendedor dueño de pequeña y mediana empresa exitoso y pleno: https://helpimentoring.com/ Si te está gustando el podcast te pido tu apoyo para suscribirte y dejar un buen review de (5 estrellitas), servirían mucho para que más emprendedores dueños de pequeñas/medianas empresas como tú puedan tener acceso. Sígueme en redes sociales para que me hagas tus comentarios sobre los episodios ¿qué te gustó?, ¿qué no te gustó?, ¿qué te llamó la atención?, para seguir ayudándote y seguir mejorando el podcast. INSTAGRAM: https://www.instagram.com/helpimentoring.com FACEBOOK: https://www.facebook.com/helpimentoring Aprovecha toda la ayuda que podemos darte en helpi Mentoring: 1. Con nuestros Master Class virtuales gratis. Por este medio y en Facebook podrás enterarte de los temas, días y horas. Hacemos 4 Master Class al mes. 2. Con nuestros Facebook Live gratis de Lunes a Jueves. https://www.facebook.com/helpimentoring 3. Con nuestro blog que publicamos en nuestra página de Internet: https://helpimentoring.com/blog/ En todos los formatos mencionados anteriormente compartimos herramientas exclusivas de nuestro programa que incluye muchas de las mejores herramientas y metodologías especializadas en pequeñas/medianas empresas a nivel mundial como EMyth (de Michael E. Gerber), Pumpkin Plan (de Mike Michalowicz), Profit First de Mike Michalowicz), Duct Tape Marketing (de Jhon Hantsch), etc. de diferentes áreas (operaciones, finanzas, Capital Humano, Marketing, Ventas, etc.). Mantente positivo y busca ayuda.
You didn't start your business to stay stuck. If you're ready to finally hit 6 or 7 figures WITHOUT burning out — book a call with our team → https://weddingproceo.com/applicationAdding passive income to your wedding business is easier than you think. In this episode, you'll learn how to simplify a major pain point for your couples while creating a new revenue stream that runs in the background of your business.The (FREE!)ASSUME Sales Training: 2x your wedding bookings in 30 days—step by step. Thousands of wedding pros have already used it to land more clients immediately! http://weddingproceo.com/freetrainingorgA favorite book of mine: Profit First by Mike Michalowicz https://amzn.to/4lbqZFwAnother favorite book of mine: Buy Back Your Time by Dan Martell https://amzn.to/3ITKLb4========================= EPISODE SHOW NOTES BLOG & MORE:https://www.weddingproceo.com/302=========================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/3ZoqPmz Heads up, CEO! Some of the links I share may be affiliate links, which means I may earn a small commission if you decide to purchase—at no extra cost to you. I only recommend tools and resources I actually use and love, and that I believe will help you grow a profitable, sustainable business you're obsessed with.=========================FREE TRAINING for Wedding Business Owners Take the Wedding Pro CEO's free GAP assessmentSupport the show
Writing a book can transform your personal brand and business, but too many authors get stuck battling that nagging inner critic: “Will anyone even read this?” Susie deVille and AJ Harper explain how that voice isn't a stop sign. It's a signal you're onto something worth sharing. Susie is the founder of the Innovation and Creativity Institute and bestselling author of Buoyant: The Entrepreneur's Guide to Becoming Wildly Successful, Creative, and Free. AJ is the author of Write a Must-Read and a longtime co-writer with Mike Michalowicz (known famously for the book Profit First). Together, they guide authors to create prescriptive nonfiction books that don't just make sales—they're read, acted on, and shared. Taming Your Inner Critic If you've ever heard that voice whisper, “No one's going to read this,” you're not alone. AJ shows you how to keep writing anyway—by setting simple word-count goals, stripping away perfection pressure, and treating self-doubt as proof you're moving in the right direction. Susie shares how leaning into those tough “dark dog” moments can actually lead to breakthroughs, helping you spot the real through-line of your book. Marketing That Lasts Finishing your manuscript is just the beginning. Susie and AJ reveal why most authors quit too soon and how you can avoid the same trap. Forget chasing sales numbers or mimicking what everyone else is doing. Instead, focus on building genuine resonance with your readers and choosing marketing channels that feel natural to you. PLUS: Don't miss out on a huge $1,500 discount for their Beyond (or Before) the Launch Virtual Retreat (September 25–27, 2025) when you use code GOGOGO. Secure your place here: https://top-three-book-workshop.mykajabi.com/offers/z8qpa5Xt/checkout?coupon_code=GOGOGO Enjoy this episode with Susie & AJ… Soundbytes 24:33 - 24:56 Susie “If you're picking up one or two things that are not in alignment with who you truly are, it is going to be a long, unhappy road that doesn't yield any results, because the market can tell immediately if we are believing what we're saying.” 10:41 - 10:51 AJ “We can spend our whole lives trying to feel better, but I say we need to write our books anyway. It's going to take too long to deal with all of our self-esteem issues. Let's just get to work.” 32:31 - 32:47 AJ “It's important to say things in different ways, the same point in different ways, but also at different times, because someone may need to have gone a little bit further along in their journey to hear the thing again.” Quotes AJ “You really do need community. However you can find it.” Susie “So it is very easy to try to do all of the things that everybody else is doing, which is a recipe for disaster.” Links mentioned in this episode: From Our Guests Beyond (or Before) the Launch: Igniting Momentum for Your Book's Success ($1,500 discount with code GOGOGO): https://top-three-book-workshop.mykajabi.com/offers/z8qpa5Xt/checkout?coupon_code=GOGOGO Connect with Susie & AJ on LinkedIn: https://www.linkedin.com/in/anjanetteharper/ https://www.linkedin.com/in/susiedeville/ Connect with brandiD Find out how top leaders are increasing their authority, impact, and income online. Listen to our private podcast, The Professional Presence Podcast: https://thebrandid.com/professional-presence-podcast Ready to elevate your digital presence with a powerful brand or website? Contact us here: https://thebrandid.com/contact-form/
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In this episode of Financial and Lifestyle Freedom for UK Business Owners, host Annette Ferguson reveals her proven framework for transforming your pricing strategy. If you're a service-based business owner feeling overworked and underpaid, this episode is a must-listen. Annette breaks down the exact steps to increase your prices, attract better clients, and finally achieve the profitability you deserve.Key Takeaways:•Stop Undercharging and Start Earning Your Worth: Learn how to shift from a cost-plus pricing model to a value-based approach that reflects your true expertise.•Implement a Strategic Three-Tier Pricing System: Discover how to roll out new pricing for existing, new, and premium clients without causing a mass exodus.•Avoid the Three Biggest Pricing Mistakes: Annette exposes the common pitfalls that are costing UK business owners thousands of pounds every month.In This Episode, You'll Learn:•The Foundation of Profitable Pricing: How to calculate your true costs, including hidden expenses and your desired profit margin, using the Profit First methodology.•The Power of Value-Based Pricing: A step-by-step guide to identifying and quantifying the value you provide, so you can charge what you're truly worth.•A 4-Week Plan to Roll Out Your New Pricing: Annette provides a clear, actionable timeline for implementing your new pricing strategy with confidence.•How to Overcome the Fear of Raising Your Prices: Practical tips for building your confidence, practising your pricing conversations, and stacking the proof of your success.Resources Mentioned:•Free Financial Health Check: Book your free assessment https://annetteandco.co.uk/links to get a personalised action plan for improving your profitability.•Profit First UK Facebook Community: Join the free online community https://www.facebook.com/groups/ProfitFirstUK/ to connect with other business owners on the same journey.
Most investors chase deals but never keep the profits. In this episode, David Richter, author of Profit First for Real Estate Investing and founder of Simple CFO, reveals how the Profit First Real Estate Investing system helps you build lasting profitability and stop living deal to deal.You'll learn why most entrepreneurs fail financially, how to flip the traditional “sales – expenses = profit” formula, and why paying yourself first changes everything. David breaks down the “golden trio” bank accounts, case studies of investors who turned losses into profits, and how to scale a business with clarity and confidence. If you want financial control, less stress, and more freedom, this conversation on Profit First Real Estate Investing is essential.Connect with David Richter: https://simplecfo.com Chapters: 00:00 – Introduction02:23 – The Profit First formula explained10:09 – Playing the money game as an entrepreneur13:48 – The “Golden Trio” bank accounts for clarity21:04 – Case study: turning $70k losses into $70k giving28:55 – Growth vs. scaling: understanding the difference We're here to help create multifamily entrepreneurs... Here's how: Brand New? Start Here: https://jakeandgino.mykajabi.com/free-wheelbarrowprofits Want To Get Into Multifamily Real Estate Or Scale Your Current Portfolio Faster? Apply to join our PREMIER MULTIFAMILY INVESTING COMMUNITY & MENTORSHIP PROGRAM. (*Note: Our community is not for beginner investors)
Send us a textIn this episode of The Savvy Scribe Podcast, we're tackling a topic that's too often overlooked in the freelance world: money. If you're a Nurse Writer navigating inconsistent payments, unclear financial goals, and burnout from treating your business like a side hustle, this episode will help you make the shift toward thinking about income and profit—and acting—like a CEO.How CEOs Think About Income and ProfitHere's what we cover:Why revenue ≠ profitLearn the difference between your top-line income and the money you actually keep. Tracking your expenses, software costs, and taxes is non-negotiable.How to pay yourself firstDiscover the importance of prioritizing owner pay using strategies like the Profit First method. This includes setting up separate accounts and allocating a percentage of your income before spending on tools or outsourcing.Planning ahead instead of panickingGet tips for budgeting months in advance—even when client payments come in on a delay. Understand your payment terms and create a system to track incoming income, expenses, and taxes.Setting income goals with profit in mindExplore how to create monthly income targets that reflect your business needs and ensure you're not just working for cash flow but for sustainability and growth.Action step for today:Open your banking app or spreadsheet. Look at your last 3 months of income. Did you pay yourself? Did you actually profit? If not, it's time to reassess your rates and spending.Don't miss this episode if you're ready to:Stop treating your writing business like a hobbyCreate predictable income streamsMake profit a core part of your business planWelcome to the Savvy Scribe Podcast, I'm so glad you're here! Before we start the show, if you're interested, we have a free Facebook group called "Savvy Nurse Writer Community"I appreciate you following me and listening today. I would LOVE for you to subscribe: ITUNESAnd if you love it, can I ask for a
In this insightful episode of the HVAC School podcast, Bryan Orr sits down with successful small business owner Matt Bruner to discuss how to build and maintain a thriving HVAC business without the typical stress and overwhelming challenges that many entrepreneurs face. Matt, who has been running his own HVAC company for about two and a half years, shares his refreshingly honest perspective on small business ownership and debunks many of the common myths about entrepreneurial stress. Matt's journey from technician to business owner offers a compelling alternative to the traditional "grow fast or fail" mentality that pervades much of the business world. His approach centers on building a business aligned with personal values, particularly the desire to maintain work-life balance while still delivering excellent technical service. Rather than focusing on rapid expansion, fancy equipment, or impressive marketing, Matt chose to start lean, borrow minimal money (only $10,000 from his father for a van down payment), and grow organically while keeping overhead low and stress manageable. The conversation delves deep into the financial discipline required for successful business ownership, emphasizing the critical importance of separating personal and business finances, understanding your true hourly costs, and charging appropriately from day one. Matt candidly discusses his learning curve with business finances, from initially relying on advice from online communities to eventually working with a business coach and reading key books like "Profit First" to truly understand the numbers behind his operation. Both hosts stress that financial literacy isn't optional for business owners—it's a learnable skill that requires dedication but isn't as intimidating as many people believe. Throughout the discussion, both Bryan and Matt emphasize that there's no single "right" way to build a successful contracting business. While some entrepreneurs thrive on rapid growth, multiple locations, and eventual private equity buyouts, others find fulfillment in staying small, maintaining direct customer relationships, and focusing on technical excellence. The key is knowing yourself, understanding your values, and building a business structure that supports your personal and professional goals rather than chasing someone else's definition of success. Topics Covered Personality traits that support successful small business ownership - The importance of being naturally critical, curious, and willing to take control of your destiny Financial discipline and money management - Separating personal and business finances, understanding billable hours vs. total work time, and charging appropriately from the start Starting lean and avoiding debt - Matt's approach of borrowing minimal money, using magnets instead of van wraps, and subcontracting initially to build capital The learning curve of business finances - Books and resources that helped Matt understand accounting basics, profit margins, and business financial planning Work-life balance in business ownership - How to build a business that serves your lifestyle goals rather than consuming your entire life Choosing your business model - The difference between lifestyle businesses and growth-focused companies, and why both approaches can be successful Technical work vs. business management - Balancing hands-on HVAC work with administrative tasks and knowing when to delegate or systematize Pricing strategies and customer relationships - How proper pricing from the beginning actually reduces customer complaints and builds a sustainable business model Common mistakes to avoid - Poor financial decisions, mixing personal and business expenses, undercharging, and chasing other people's business models Building systems and staying organized - Using checklists, scheduling business development time, and creating processes to prevent important tasks from falling through the cracks Partnership considerations - The challenges and benefits of starting a business with partners or family members versus going solo Long-term sustainability - How to avoid burnout, maintain quality standards, and build a business you can operate for decades Have a question that you want us to answer on the podcast? Submit your questions at https://www.speakpipe.com/hvacschool. Purchase your tickets or learn more about the 7th Annual HVACR Training Symposium at https://hvacrschool.com/symposium. Subscribe to our podcast on your iPhone or Android. Subscribe to our YouTube channel. Check out our handy calculators here or on the HVAC School Mobile App for Apple and Android
Looking for a fractional CFO to help you regain control over your business finances? In this powerful conversation, Justin Boyd, founder of Cashflow Copilot, reveals actionable strategies that help business owners overcome financial chaos and drive sustainable profitability.This episode is essential for high-income professionals and entrepreneurs seeking clarity on:How to build a winning financial blueprintMastering cash flow strategy and financial forecastingIdentifying and improving gross profit margin and net incomeReal-world applications of the Profit First methodWhat most service providers get wrong with their pricing strategyNavigating seasonal downturns and preparing for economic uncertaintyIf you're a doctor, dentist, lawyer, or service business owner wondering why your revenue doesn't translate into actual profit — this episode answers that exact question. Justin's work as a fractional CFO goes beyond the numbers; he delivers financial clarity and becomes your strategic co-pilot, guiding you through the numbers, metrics, and margins that matter most.Justin breaks down key frameworks and tools that small businesses need to forecast future growth, make informed decisions, and get ahead of cash flow issues — all while keeping your pricing aligned with market demands and internal profitability needs.Get answers to these burning questions:Why is my business generating 7 figures but still not profitable?How do I calculate the right price strategy for my services?What financial KPIs should I track monthly?How can I avoid running out of cash during slow months?What makes Profit First more than just a buzzword?
Today's guest is Megan Schwan, the CEO and founder of her own accounting firm. Megan discovered her passion for accounting as a freshman in high school and landed her first accounting job at just 15 years old. She went on to graduate with honors with a Bachelor's in Accounting from a university in Virginia and now has over 15 years of professional experience. As a mother of four, Megan is deeply motivated by her family, which serves as the driving force behind her business. Megan founded her firm with a mission to change the face of accounting for small businesses. She believes that understanding your finances is like using a decoder ring; it contains all the information needed to answer the questions that will take your business to the next level. Her firm is more than just a bookkeeping and tax service—it's a partnership. Megan and her team are passionate about educating and supporting owners, empowering them to unlock their financial data and pave a clear path to success. As a certified financial professional and an experienced entrepreneur who bootstrapped her own business from the ground up, Megan knows exactly what it's like to navigate the challenges of life while building a dream. This unique perspective has allowed her to help thousands of owners bridge the gap between their numbers and their business goals. Megan is also deeply committed to her community through partnerships with several business development organizations and local chambers. For More Info: https://Sidekick-Accounting.com
You didn't start your business to stay stuck. If you're ready to finally hit 6 or 7 figures WITHOUT burning out — book a call with our team → https://weddingproceo.com/applicationBuilding a wedding business isn't supposed to feel easy—it's supposed to stretch you. The truth is, hard seasons don't mean your business is broken; they mean you're growing. In this episode, I'm sharing how to lead even when you're exhausted, push through the valleys of doubt, and stay in the room long enough to outlast the competition—because that's the real secret to building a profitable, sustainable wedding business you actually love.The (FREE!)ASSUME Sales Training: 2x your wedding bookings in 30 days—step by step. Thousands of wedding pros have already used it to land more clients immediately! http://weddingproceo.com/freetrainingorgA favorite book of mine: Profit First by Mike Michalowicz https://amzn.to/4lbqZFwAnother favorite book of mine: Buy Back Your Time by Dan Martell https://amzn.to/3ITKLb4========================= EPISODE SHOW NOTES BLOG & MORE:https://weddingproceo.com/301=========================Thank you for tuning in to this episode of the Wedding Pro CEO Podcast. If you find these strategies helpful, make sure to share this episode with your fellow wedding pros. And remember, in the world of weddings, it's all about building genuine relationships and showcasing your best work. Until next time, keep shining, CEOs!PLEASE SUPPORT THE PODCAST! LEAVE A REVIEW HERE: https://ratethispodcast.com/swdHave a question you'd like Brandee to answer? Ask here: http://bit.ly/3ZoqPmzHeads up, CEO! Some of the links I share may be affiliate links, which means I may earn a small commission if you decide to purchase—at no extra cost to you. I only recommend tools and resources I actually use and love, and that I believe will help you grow a profitable, sustainable business you're obsessed with.=========================Take the Wedding Pro CEO's free GAP assessmentSupport the show
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