Podcasts about profitwhat

Why Financial Jargon Feels Like a Foreign LanguageJargon can make financial discussions feel like navigating an unfamiliar country without knowing the language. Additionally, many business owners struggle with terms like equity, liquidity, and ROI, which can lead to confusion and uncertainty. However, understanding the basics helps us take control of our business finances. Likewise, learning key financial phrases makes decision-making easier and reduces frustration.The Risks of Not Understanding JargonWithout a basic grasp of financial jargon, we risk making uninformed choices. For instance, imagine trying to negotiate with lenders or investors without fully understanding the terms they use. Consequently, misinterpretation could result in costly mistakes or lost opportunities. Nevertheless, not knowing the language sometimes leads to unexpected advantages, because creative problem-solving emerges when we think outside conventional financial frameworks.Essential Financial Terms Every Business Needs to KnowUnderstanding key financial terms allows us to manage our businesses effectively. Furthermore, these terms provide clarity when making financial decisions. Some essential ones include:Revenue – The total income a business generates before expenses. Therefore, this figure represents the starting point for financial analysis.Profit – What remains after deducting costs from revenue, showing actual earnings. Accordingly, higher profits indicate better financial health.Liquidity – How quickly assets convert to cash, affecting financial flexibility. Likewise, strong liquidity ensures that unexpected expenses can be managed easily.Assets – Valuable business items like equipment, inventory, and cash reserves. Moreover, assets contribute to a company's overall value.Liabilities – Debts and financial obligations that require careful management. Consequently, businesses must ensure they do not accumulate excessive liabilities.ROI (Return on Investment) – A measure of profitability from investments made. Evidently, a higher ROI signifies more effective resource utilisation.Grasping these terms is like learning survival phrases in a new language. Similarly, we do not need complete fluency, but knowing the essentials helps us make smarter business decisions.How Jargon Fluency Strengthens Our BusinessWhen we understand financial jargon, we gain confidence, negotiate better, and avoid costly missteps. Additionally, we recognise financial patterns, improve forecasting, and make strategic decisions with greater clarity. Eventually, this knowledge leads to more stability and growth. Furthermore, learning the right financial terms allows us to engage in meaningful discussions with investors and lenders.Final ThoughtsJargon should not be a barrier to business success. Moreover, learning essential financial terms makes decision-making easier, reduces uncertainty, and improves financial management. Instead of feeling lost in translation, we can confidently steer our businesses forward.Listen to the I Hate Numbers podcast for more insights on...

In this episode, you'll discover:You are leaving a lot of money on the tableWhy Optimizing every function of your business will increase profitWhat does OPTIMIZE mean for your practice/business? What is the Remarkable Standard for Optimization? What is your business capacity? In the end, all roads lead to revenue and profit Episode Highlights00:52 - A problem is an opportunity for optimization, not just a practice issue.02:45 - The potential for chiropractors to increase their revenue by optimizing their business operations.05:14 - Pushing the envelope to see what's possible in business and personal growth.07:51 - Testing limits to uncover hidden opportunities.10:36 - The challenges of scaling a practice, including managing complexity and optimizing productivity.12:55 - Profit is the ultimate target for optimizing business, beyond just focusing on revenue.16:36  - Dr. Kale sits down with Success Partner Dr. Erik Kowalke, co-founder of SKED, a software designed to improve efficiency in chiropractic practices. Dr. Kowalke shares his journey from running a busy clinic to developing SKED in 2016 to automate patient communication and scheduling, thereby saving time and enhancing patient experience. He highlights SKED's ability to increase show-up rates and streamline operations with intelligent automations. Dr. Kowalke underscores SKED's reliability and commitment to future innovations.  Resources MentionedTo learn more about the REM CEO Program, please visit:  http://www.theremarkablepractice.com/rem-ceoBuild your dream team with Chiro Match Makers. Learn more at https://chiromatchmakers.com/For more information about SKED please visit: www.sked.life Subscribe to our newest podcast "Build Your Remarkable Practice" here: https://podcasts.apple.com/us/podcast/build-your-remarkable-practice-for-chiropractors/id1734107477  Schedule a Brainstorming call with Dr. PeteDr. Stephen's LinkedInDr. Peter's LinkedInThe Remarkable CEO WebsiteDr. Stephen's Book – The Remarkable Practice: The Definitive Guide to Build a Thriving Chiropractic Business

Ayahuasca and Psilocybin-containing mushrooms are a beautiful gift to humanity. As we explore these medicines in the West, we need to remember that we are entering a cultural paradigm that is different from our own. In this interview with Sr. Program Directors at Reunion Experience, we explore how we can show up to medicine in a good way.If you want to enter medicine spaces with respect, reverence, and reciprocity for the cultures that these medicines come from, this conversation is for you. This convo is extremely valuable for current or aspiring space holders in the world of plant medicine, AND, for participants in plant medicine circles. I had an opportunity to visit Reunion in Costa Rica, and realized that it's a truly special place. The fact that it's a not for profit center is the tip of the iceberg. Medicine is truly guiding the way the Reunion team operates: With deep humility, grace, reverence and respect for the cultures, plant teachers, and the Way of Nature.Karina and Julian are not speaking on behalf of any of the lineages they work with, rather from their experiences as students and cultural bridges.Topics covered:How they both got involved with facilitating plant medicine experiencesA little bit about Reunion Experience in Costa Rica, a not for profit plant medicine centerBuilding relationship with different Wisdom Keepers and teachersReciprocity and the art of giving and receiving under a not for profit modelWhat it means and looks like to put people and the planet over profitWhat is a cultural bridge & how to be oneThe path of studentship with direct indigenous wisdom keepersWhat does respect in medicine spaces mean?Plant medicine as a relationship, not a toolLand stewardship & devotion to the elementsCreating narrative neutral spaces for exploring spiritualityShow Links:Flow Formula: 8 Week Microdosing Program - Early Bird Until Sept 26!Kanna Extract Co - LANA to save 10%Reunion Experience in Costa Rica - use MODERNREUNION at checkoutBook a discovery call with ReunionMy Full Review of ReunionMy Experience at Reunion: Episode 60 & Episode 64Reunion specialty weeks (Leadership Series, LGBTQ+ Week)Reunion on InstagramShow NotesThis episode was filmed & produced in collaboration with FWI Media. Check out their beautiful work!If this episode sparked something within, please let me know and leave a review! 1:1 Coaching with LanaInstagram | Facebook  | WebsiteModern Psychedelics Integration JournalDISCLAIMER: Modern Psychedelics does not endorse or support the illegal consumption of any substances. This show is meant for entertainment purposes only. The thoughts, views and opinions on this show should not be taken as life advice, medicinal advice, or therapeutic guidance.  This episode was produced in collaboration with FWI Media. Check out their beautiful work! If this episode sparked something within, please let me know and leave a review! FREEBIES to support your journey 1:1 Coaching with LanaInstagram | YouTube | Web | Facebook DISCLAIMER: Modern Psychedelics does not endorse or support the illegal consumption of any substances. This show is meant for entertainment purposes only. The thoughts, views and opinions on this show should not be taken as life advice, medicinal advice, or therapeutic guidance.

Are you looking for a way to build your sales tax process to help your business grow successfully? Let's discuss the pillars of success that outline the principles you need to know.From Pillars to ProfitWhat do pillars have to do with sales tax? Hear me out. Pillars serve structural purposes. They provide support, stability, and alignment. They serve as protection and prevent damage from external forces. They are an essential component and play a critical role in ensuring stability. The same thing goes for having a good sales tax process. The right pillars will keep your business safe, stable, and aligned. So let's make sure you have your sales tax pillars in place! Sign up for a Free What's Next Call to discuss how we can help at any part of your process:  https://peisnerjohnson.com/whats-next/

In this episode we chat to Greg Pilley, Founder & Managing Director of Stroud Brewery.Stroud Brewery established in 2006, initially the brewery was a passion project for the founder Greg Pilley; an adventurer, environmentalist and beer lover. His purpose was simply to make great tasting beers for the local community whilst being the change he wanted to see in the business world.Today Stroud Brewery is a thriving enterprise and the tap room has become one of Stroud's cherished local landmarks. They make great tasting, ethical and organic beer and create welcoming, fun social spaces.With the beer category being so full, with so many brands, styles, flavours, trends and looks to choose from, why choose a Stroud Brewery beer? The innovative team in the brewery have the utmost respect for our remarkable UK beer heritage. Stroud Brewery believe the only way to be truly sustainable is to invest in responsible organic farming. If we don't look after our soils through organic farming they won't be healthy enough to feed us in 60 years. They also work hard to lower our carbon and water footprints and implement circular economy principles. During the interview, we chat to Greg about:His drive and career to date What makes Stroud Brewery differentPersonality traits for someone who would need to work and be a success in the FMCG sectorSuccess behind crowdfunding and community bondB Corp - Balancing purpose and profitWhat's around the corner for Stroud BreweryWhat Greg wished he had known when he started outRecommended reading and mindset

Episode 49If you're a short-term rental investor looking to find the most profitable Airbnb locations around the world, this episode is for you!Today, we talk to none other than ‘The Airbnb Data Guy', John Bianchi, about approaching Airbnb rentals and analytics from a pure data standpoint. John shares his advice on finding what he calls the Airbnb ‘sweet spot' and offers some insight into his process of sorting through Airbnb data to find highly profitable properties anywhere.You'll learn the three steps to Airbnb success and how you can make the Airbnb algorithm work for you, plus a whole lot more. If you're an Airbnb skeptic, today's episode will show you how to leverage short-term rentals to gain experience and avoid some of the risks and liabilities that come with it so that you can start earning passive income today!All data. No fluff. You won't want to miss this insightful conversation with John Bianchi.Topics discussed in this episode:Becoming ‘The Airbnb Data Guy' with zero background in dataWhy many are justifiably skeptical of Airbnb arbitrage Lessons from John's biggest rental arbitrage mistakeJohn's 3-steps to Airbnb: regulation, data, operationsWhy short-term rentals aren't always the best choiceHow to find the Airbnb sweet spotCompetitive advantages (and disadvantages) of the Airbnb algorithmProven formulas for translating Airbnb data into profitWhat to expect from working with JohnThe role of patience and process in John's success storyStories that stick out from John's experiencePivotal cash flow advice to help you grow your businessRecommended reads and resourcesCheck out John's YouTube Channel for more Airbnb data secrets.You can also contact John directly at hello@pointanalytics.co or get in touch with him via Superhost Labs.John's recommended reads:Profit FirstThe Psychology of MoneyI Will Teach You to be RichIf you are interested in learning from Dan and Mike to receive coaching and learn how they built their business, check out instantinvestorprogram.com and see if you are a good fit for the mastermind group! Resources Mentioned:collectingkeyspodcast.cominstagram.com/collectingkeyspodcastInstantinvestorprogram.cominstagram.com/mike_investsinstagram.com/investormandan

Computer scientists often build algorithms with a keen focus on “solving the problem,” without considering the larger implications and potential misuses of the technology they're creating. That's how we wind up with machine learning that prevents qualified job applicants from advancing, or blocks mortgage applicants from buying homes, or creates miscarriages of justice in parole and other aspects of the criminal justice system.James Mickens—a lifelong hacker, perennial wisecracker, and would-be philosopher-king who also happens to be a Harvard University professor of computer science—says we must educate computer scientists to consider the bigger picture early in their creative process. In a world where much of what we do each day involves computers of one sort or another, the process of creating technology must take into account the society it's meant to serve, including the most vulnerable.Mickens speaks with EFF's Cindy Cohn and Danny O'Brien about some of the problems inherent in educating computer scientists, and how fixing those problems might help us fix the internet.In this episode you'll learn about:Why it's important to include non-engineering voices, from historians and sociologists to people from marginalized communities, in the engineering processThe need to balance paying down our “tech debt” —cleaning up the messy, haphazard systems of yesteryear—with innovating new technologiesHow to embed ethics education within computer engineering curricula so students can identify and overcome challenges before they're encoded into new systemsFostering transparency about how and by whom your data is used, and for whose profitWhat we can learn from Søren Kierkegaard and Stan Lee about personal responsibility in technologyThis podcast is supported by the Alfred P. Sloan Foundation's Program in Public Understanding of Science and Technology.Music for How to Fix the Internet was created for us by Reed Mathis and Nat Keefe of BeatMower. This podcast is licensed Creative Commons Attribution 4.0 International, and includes the following music licensed Creative Commons Attribution 3.0 Unported by their creators: http://dig.ccmixter.org/files/djlang59/59729Probably Shouldn't by J.Lang (c) copyright 2019 http://dig.ccmixter.org/files/airtone/58703commonGround by airtone (c) copyright 2018 http://dig.ccmixter.org/files/mwic/58883Xena's Kiss / Medea's Kiss by mwic (c) copyright 2018 http://dig.ccmixter.org/files/Skill_Borrower/41751Klaus by Skill_Borrower (c) copyright 2013 http://dig.ccmixter.org/files/NiGiD/62475Chrome Cactus by Martijn de Boer (NiGiD) (c) copyright 2020

This episode is part of our special Unstoppable Woman Spotlight Series. Today we're talking with the remarkable Angela Proffitt, the productivity coach you didn't know you needed. Angela took her hobby and turned it into an award-winning 8-figure business, where she now dedicates her time and energy to help you do the same. You'll learn the productivity strategies and tactics that any side hustler turned business owner can use to grow their revenues and Get Shit Done. Listen in to get expert knowledge and tools, including how to make time work for YOU. What To Listen For Are you busy doing the things you want to do? Setting boundaries to reflect your self worth The 4 P's - People, Processes, Productivity, Profit What is your vision? You have to know where you want to go Learn to relinquish some control to better your business Are there too many distractions in your life? Then make sure to check out Angela's program, Get Shit Done! Use the link below and be one of the first people on the waitlist! Don't forget to use the code: TUW for 15% off! theunstoppablewoman.com/gsd Resources Check out our free resources for listeners www.theunstoppablewoman.com/freestuff Schedule a Strategy to Scale Consultation https://theunstoppablewoman.com/nextlevel Join our Facebook Group http://theunstoppablewoman.com/facebookgroup Join the Morning Mindset Club https://theunstoppablewoman.com/mindset About Angela: Angela Proffitt is an award-winning 8-figure entrepreneur and CEO of GSD Creative. She is no stranger to the spotlight and is currently, the host of the Business Unveiled podcast. As a consultant with several books as well as an in-demand speaker, Angela has appeared on ABC, CMT, TLC, E! as well as other national networks. With a degree in psychology and proven expertise in productivity strategies that scale your business, her work has been featured in publications such as INC, Success, US Weekly & People magazine. When she is not speaking, writing, or creating content, Angela can be found working with other CEOs, Executives, Entrepreneurs, and/or Solopreneurs to implement and master processes that can turn any business, into a profitable business. You can find Angela Proffitt at: https://theprofitableshift.com/ IG: https://www.instagram.com/angelaproffitt/ FB: https://www.facebook.com/AngelaProffittLLC/ LinkedIn: https://www.linkedin.com/in/gsdleader/ Youtube: https://www.youtube.com/channel/UCwdB7cvwDh9BKAmDSzc_RYQ?sub_confirmation=1 Tik Tok: https://www.tiktok.com/@angelaproffitt_ Twitter: https://twitter.com/AngelaProffitt_

Are you in a money-in, money-out situation that you’re still not paying yourself in your business? Remember, you’re running your business – not the business running you.  A lot of people have the passion and the mission of their business. But if you're not paying yourself, something's not right. The beauty of Profit First is that you start paying yourself.  Our core focus as an organization is to help you reimagine entrepreneurial success with simple, practical, powerful solutions. And we feel like the way to measure that success can be in the form of pay play profit.  Today, we're giving you a glimpse of what your goal-setting process should be for 2021. Now is the time to create your own Pay Play Profit and create goals that fit into each of those categories. Or you may already be doing it, but you just don't know how to compartmentalize stuff.  We highly recommend you make this a cornerstone of your life and you’ll be surprised by how much you will mature as a business owner. In this episode, you will hear: Breaking down Pay, Play, and Profit What it means to follow profit first What if your business couldn’t afford to pay you or you’re commingling Establishing your profit goal and what goes into your profit distribution Prioritizing play and creating a culture of play in your organization Subscribe and Review Have you subscribed to our podcast? We’d love for you to subscribe if you haven’t yet.  We’d love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast. If you really enjoyed this episode, we’ve created a PDF that has all of the key information for you from the episode. Just go to the episode page at www.profithero365.com/payplayprofit​ to download it. Supporting Resources: ProfitHERO™ Profit First by Mike Michalowicz Traction by Gino Wickman Episode Credits If you like this podcast and are thinking of creating your own, consider talking to my producer, Danny Ozment. He helps thought leaders, influencers, executives, HR professionals, recruiters, lawyers, realtors, bloggers, coaches, and authors create, launch, and produce podcasts that grow their business and impact the world. Find out more at https://emeraldcitypro.com

Leading and running two very successful multi-million dollar companies would take an exceptional leader, and an exceptional example of that would be our today’s guest: Mr. Patrick Bet David. Patrick is a refugee from Iran, joined the military, before starting his venture in a business career in the financial services industry. In his early days, he said his dream is to become a body-builder and maybe join Hollywood. But his love for numbers paved the way for him being a financial advisor before building his own agency. He met a girl who he dated before who was a financial advisor for Lakers players and he saw that she makes good money. He got interested and dive into it without having a degree. After a tenure with a couple of traditional companies, he was inspired to launch PHP Agency Inc. Today, he has 16,000 agents in 49 States with over a half a million square feet of office space. Patrick is passionate about helping the next generation of entrepreneurs by teaching thought-provoking perspectives on entrepreneurship and disrupting the traditional approach to a career. Not only is he successful in his agency and making courses available to other CEO’s and thought-leaders, but he is also very popular with his media company: Valuetainment, which has been referred to as “the best channel for entrepreneurs.” Be prepared to be inspired today, as Patrick will share how he successfully lead two very successful business simultaneously, what his mindset has been, what’s his leadership skills, and how he imparts them to his family, especially his kids. This episode is the one with so many nuggets, so if you are in a place where you can take notes, you definitely should. Apply them, and they will definitely change your life. Here’s What You Missed Patricks’s early life and how it shaped him into who he is todayHow Patrick successfully run two multi-million dollar company simultaneouslyDuring pandemic: Passion or Profit?What to teach your children so that their dreams becomes a realityWhat’s his number one key to success?How to be a good leader Knowledge Nuggets [8:17] I don't commingle the two businesses. There's complete different platforms that we have. And once you do that, you earn respect from both sides of the audience and they trust you more to do business with them. [11:54] there's one of three gifts that we all have. You're either a great writer. You're either a great with audio or you're great on camera. Whichever one you're good with lead with that [15:03] I think too many people do too creative stuff, way too early. [18:04] I'm a 20, 20, 20 guy, meaning first 20 years of your life, try to not make a big mistake where you ruin your life. The second 20 years is find a career and stay in it for 20 years and make your money. The next 20 years, I'm going to combine my passion and business together. The last 20 years for me is going to be contribution. [19:19] Money's gonna make a lot of the big decisions in your life and you cannot treat it casually. You have to take it very seriously. So profit matters just as much as passion does and value does. [23:12] As a parent, ask these questions:  If you had to show certain values and principles to your kids, to give them the biggest upside to have their dreams become a reality, how would you change your approach to your example  you're giving to them because they're going to duplicate you in what ways would they need to live to have their dreams become a reality?  And if they do what you do as a parent, will their dreams become a reality?  [25:02] I just want to find what excites them the most and what their strengths are. And then I want to put them in that environment that highlights their strengths and their gifts. [28:07] The number one key to success in my eyes is learning how to process issues. [35:03]  I think a lot of times leaders are afraid of having civil conversations with people that you have to have would push buttons because they are so concerned about being like all the time. And I think in the world of leadership, you gotta be able to have the courage to do that. [36:54] Go find somebody that's strong and shadow them for as long as you can, until you no longer need them.  Important Reads and Links Patrick Bet David Website:       https://www.patrickbetdavid.com/Patrick Bet David Youtube:       https://www.youtube.com/channel/UCIHdDJ0tjn_3j-FS7s_X1kQPatrick Bet David Instagram:    https://www.instagram.com/patrickbetdavid/Patrick Bet David Twitter:                         https://twitter.com/patrickbetdavid Love #DreamNation? Check Us Out on Apple Podcasts!  At Dream Nation, we’re all about building dreams. We do that through podcasts that motivate, educate, and entertain our listeners with some of the best entrepreneurs from around the world to get you to the best tips to level up your game in business in life. If you enjoyed this episode and want to keep building your dream,subscribe to the DreamNation podcast using the links below. Dream Nation on Apple Podcasts - https://podcasts.apple.com/us/podcast/dream-nation/id1457381714 Dream Nation podcast website - https://dreamnationpodcast.com/ Dream Nation Facebook group - https://www.facebook.com/groups/dreamnationcommunity/ Catch your host on Instagram - https://www.instagram.com/casanova_brooks/ If you are in DreamNation, thank you! Feel free to leave a review or share with a friend. 

John Deans For almost a decade John Deans was an organizer and campaigner for environmental and progressive causes, including a long stint at Greenpeace USA. He loved fighting the good fight, but found himself increasingly chained to a laptop and cell phone. Yearning to breathe fresh air again and work with his hands, he joined Emerald Builders located in Bowdoinham, Maine in 2017. At Emerald, John works as a Carpenter and as their Marketing Director promoting their business and ideas about sustainability. What he likes about his job: “There is magic in the process of joining material together to make something functional and beautiful, and I love getting to be a wizard-in-training every day.” Outside of Emerald Builders, John hangs with his favorite person and wife Liia, playing board games, going on outdoor adventures, and working on their little old farmhouse in Bowdoinham. They also serve the sweetest dog in the world, Odin, and most talkative cat, Gambit. Topics A triple bottom line company: People, Planet, Profit What does the word sustainable really mean? High performance building and building science Life cycle approach — energy efficiency is only part of the equation What is embodied carbon? The issue of concrete and foam Alternative to foam How to think about the cost of a sustainably built home Links Website https://www.emeraldbuild.com/ Instagram https://www.instagram.com/emeraldbuilders/ Facebook https://www.facebook.com/emeraldbuildersllc

Neste programa, falamos sobre venda de assets. Como funcionam as lojas e como pode ser uma renda extra para o estúdio. Programa #49 do Press Start To, um podcast que fala sobre jogos do ponto de vista do desenvolvedor.Links citados no programa e mais sobre o assunto:How to Fund Your Games By Creating and Selling Game AssetsCreating Great Game Assets for Fun and ProfitWhat are the common types of Game Assets?Working on Game Assets: Tips and TricksContatos do Warley:wsmgamestudio@gmail.comFacebookUnity Asset StoreSteamCompartilhando XP: http://bit.ly/pst-xpApoie a gente e seja um patrão!Acompanhe o podcast nas redes sociais:Twitter FacebookInstagramDiscordEnvie uma mensagem para gente - contato@expressoindie.comCréditos:Apresentando por: Nicolas Lobo e Caio C. Gomes Editado por: Caio C. GomesIntro e outro : Avenza - Game on

This week Jimmy Diresta, Bob Clagett and David Picciuto talk about marketing yourself, even if you don’t feel like it’s natural for you. What We're Working On Jimmy Diresta: Finished up 3 bars for Carhartt/Guinness collaboration David Picciuto: Made walnut toolbox, working on building doors Bob Clagett: Made barn doors for the farm. Links: Made for Profit What we're watching: David's Pick of the Week: Westinghouse all-electric house Bob's Pick of the Week: Peter McKinnon - Don’t Stop Creating for yourself Jimmy's Pick of the Week: Parts & Restoration

David puts Tryone on the hot seat asking him the tough questions that most investors are not wanting to be asked. Tyrone does a great job answering questions and handling objections. He has a free eBook that you can download on his website TheWealthyInvestor.net Sample questions: How is investing like dating? What are the principles of Participate and Profit? What are the barriers to entry for participation in the Stock Market? Why is the conventional wisdom when it comes to trading stocks successfully all backwards? What makes you the “Sesame Street Investor”? Why is the Stock Market less intimidating than it seems? How can a smart investor keep from being burned by market volatility? Tyrone Jackson, The Wealthy Investor, is a trusted stock market trader and best selling Amazon.com author, who has built his reputation on his unique ability to simplify stock trading and investing. He is also a mentor and trusted wealth building coach to major Silicon Valley and Hollywood producers. Tyrone is a frequent guest on radio and TV shows, and has been quoted in the Los Angeles Daily News, CBS MarketWatch.com, Newsday, the San Francisco Chronicle, and StreetIQ.com

Process of Profit --- What does that really look like?  The Profit Path™ Podcast is honored to interview Chris + Trivinia Barber of PriorityVA.com. The post TPP #002 – The Process of Profit with Chris + Trivinia Barber appeared first on The Bottom Line® CPA.

Interested in buying over 100 units in two years’ time? Today’s guest did just that!Collin Schwartz shares the amazing story of how he built an impressive portfolio on the foundation of direct mail and networking through meetups. You’ll learn how Collin utilized a clever twist on the BRRRR method to avoiding paying cash for properties (but still get back his down payment), how he uses balloon notes to do this, and how his highly targeted direct mail strategy led to it all being possible. Collin also shares how he runs meetups to find deals, what his criteria are for buying properties, and how he partners/leverages with others to make this incredible success possible over such a short period of time.Collin also earns income managing properties—and even leverages that business to find deals too! If you want a solid game plan that will lead to impressive growth, this is an episode you don’t want to miss!In This Episode We Cover:How Collin went from handwriting 191 letters to over 100 units in two yearsHow he uses networking to find dealsHis direct mail strategyHow he uses the BRRRR method and traditional financingHis 50/50 partnership structureTips for using RUBS to increase profitWhat criteria he looks for in propertiesHow to run meetups to find dealsAdvice for using balloon notes to get into deals (and later refinancing)How to outsource paperwork and bookkeeping to othersHow he makes money managing his own propertiesAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets WebinarListSourceInvoice AmericaBiggerPockets EventsBiggerPockets Podcast 234: Tenants, Evictions, & The Dark Side of No Money Down with Ryan MurdockBiggerPockets JobsZillowLoopnetBooks Mentioned in this ShowWho: The A Method for Hiring by Geoff Smart and Randy StreetRich Dad Poor Dad by Robert KiyosakiThe Millionaire Real Estate Investor by Gary KellerShoe Dog by Phil KnightTweetable Topics:“In my mindset, more units, less risk.” (Tweet This!)“Real estate is forgiving.” (Tweet This!)Connect with CollinCollin’s BiggerPockets ProfileCollin’s MeetupCollin’s InstagramCollin’s LinkedIn Profile

Arguably, peanut butter and chocolate is the best combination ever, but there’s a new kid on the block – the combination of your money and the concept of impact investing.Did you know you have the power to change the world with your dollars? Everything you spend your money on sends a message. This is a concept I’ve become really dialed into the last couple of years, so I was pumped to speak with Catherine Berman, co-founder, and CEO of CNote, an award-winning investment platform where you earn a better return while investing in causes and communities that matter to you.What You'll LearnIs socially responsible investing just a fad or a great way to invest some of your dollars for a profitWhat has lead to the growth of socially responsible investingWhat makes for a socially responsible fundHow CNote is working to tie your investing dollars with impactWhat portion of your money should be investing in impact investing fundsLinksCNoteMoney Game Plan Challenge Sign-upSUBSCRIBE & SHAREWant to be the first to know when new episodes are released? Click here to subscribe in iTunes! IT’S FREE!If you loved this episode, don’t forget to share it with your friends on your favorite social channel and tag @shannahgame.Ask ShannahHave an Ask Shannah question, submit it hereGet SocialShannah on TwitterShannah on Instagram

Asja Svilans, Founder of the Grounded Way, Asja believes that good food, connection, nourishment, creativity and service are the key to living a good life, and to learn how to care for, and love, yourself. With over a decade of conscious work in and across small business, hospitality, health promotion, women's advocacy and workshop/event facilitation, this experiential career has culminated in Asja's creation of ‘The Grounded Way'. This project is a socially responsible well-being hub, inspiring skill acquisition and inspiration to encourage women to build kitchen confidence and nutritional literacy and embrace a slower way of living to reap more happiness and productivity. Asja is a resourceful Business mentor, successfully bridging real life experience with actionable strategy and meticulous planning to bring small business and entrepreneurial dreams to life. With an accountable, creative, and compassionate approach she works closely with teams to work on scalable growth and facilitating change management to create more social impact. Today's conversation covers not only these points, but so much more: Becoming resourceful through crisisThe freedom money gives you to give backNurturing and giving and still making profitWhat it takes to be an entrepreneurUsing your part time or full time to upskill for the futureLearning to pivotGetting perspective to get through the hard timesThe importance of market researchYou can never learn lessDiscipline as self careShowing up and Follow throughThe importance of a beginners mindsetKnowing the difference between quitting and making a business decision to walk awayBusiness is an expression of yourselfPerfectionism is not high qualityUsing obstacle thoughts to move forward The Grounded Way - https://thegroundedway.com.au/

Asja Svilans, Founder of the Grounded Way, Asja believes that good food, connection, nourishment, creativity and service are the key to living a good life, and to learn how to care for, and love, yourself.With over a decade of conscious work in and across small business, hospitality, health promotion, women's advocacy and workshop/event facilitation, this experiential career has culminated in Asja's creation of ‘The Grounded Way'. This project is a socially responsible well-being hub, inspiring skill acquisition and inspiration to encourage women to build kitchen confidence and nutritional literacy and embrace a slower way of living to reap more happiness and productivity.Asja is a resourceful Business mentor, successfully bridging real life experience with actionable strategy and meticulous planning to bring small business and entrepreneurial dreams to life. With an accountable, creative, and compassionate approach she works closely with teams to work on scalable growth and facilitating change management to create more social impact.Today's conversation covers not only these points, but so much more:Becoming resourceful through crisisThe freedom money gives you to give backNurturing and giving and still making profitWhat it takes to be an entrepreneurUsing your part time or full time to upskill for the futureLearning to pivotGetting perspective to get through the hard timesThe importance of market researchYou can never learn lessDiscipline as self careShowing up and Follow throughThe importance of a beginners mindsetKnowing the difference between quitting and making a business decision to walk awayBusiness is an expression of yourselfPerfectionism is not high qualityUsing obstacle thoughts to move forwardThe Grounded Way - https://thegroundedway.com.au/

Many families can’t even enjoy a holiday meal together — but today’s guest has built a real estate empire with hers! Today we sit down with Ashley Wilson, a house flipper who got started investing in real estate while living overseas in Europe. Today, Ashley shares how she has been able to generate six-figures in profit — almost from the beginning — using a highly systematic approach to building wealth. She also drops some huge knowledge bombs with advice on finding and funding deals — and even some never-before-heard advice on knowing what features to put into your next rehab!In This Episode We Cover:How Ashley and her family got involved in real estateHouse hacking their way in the beginningThe dynamics of the family businessAshley’s specialtyHow they split the profitWhat it’s like working with a familyFinding what is “light work” for youLong-distance investing and the core people on your teamHow she finds dealsClose-to-close houses through “stacking”How she designs homesHow they finance their dealsHer plans for the futureAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets WebinarBiggerPockets CalculatorsBrandon’s Instagram ProfileBiggerPockets Podcast 119: From Pro Athlete to Pro Real Estate Entrepreneur with Graham MinkBiggerPockets Youtube ChannelBooks Mentioned in this ShowRich Dad Poor Dad by Robert KiyosakiDrive by Daniel PinkE-Myth by Michael GerberLong Distance Real Estate Investing by David GreeneFreakonomics by Steven Levitt & Stephen DubnerFire Round QuestionsWhat are the best ways you’ve found to estimate rehab costs? The rehab calculator on BP is fine but, how do you estimate the $$$ to put into each category?Should I buy a Home Warranty for my flip or not?Should I hire an inspector or just go with an experienced project manager/contractor on a walkthrough?Buyer coming back after months demand for repair costTweetable Topics:“Every house already has a limited market.” (Tweet This!)“You really have to love what you do.” (Tweet This!)Connect with AshleyAshley’s BiggerPockets ProfileAshley’s Company WebsiteFacebook PageInstagram Page

Reading for High Profit Margins Less Stress: Confessions of the Pricing Man: How Price Affects Everything By Hermann Simon: http://amzn.to/2fz8K1t Solve for Happy: Engineer Your Path to Joy by Mo Gawdat: http://amzn.to/2uNTGPm   To increase profit margins – so that in many cases you can make more with even fewer sales, you need to know a few basics that most people think that they understand and know…but probably don’t. 1.    what do you sell? List all separate and bundled products/services 2.    What are the numbers sold and profit margins on each? 3.    What is the cost of acquiring each type of client/customer In a few minutes we’re going to give you a formula and show you some math that is amazing and might change your life.  But first, let’s break these three factors down a bit more. These are the five simple factors: 1.    Leads: The total number of people who have contacted or who have been contacted by the business--over the course of a year. 2.    Conversion rate: The percentage of people who actually make a purchase. For example, if 100 people come to your website )if you’re selling there) or your office or store in a week, and thirty (30) people buy something, then your business or store's conversion rate is 30 out of 100, or 30 percent, for that week. 3.    Average dollar sale: The average dollar amount per sale, estimated over the course of a year. The average can range from $5 or $10 (say, for a discount retailer) up to tens of thousands of dollars (for a business such as a car dealership or professional practice). 4.    Average number of transactions: The number of purchases the average customer will make over the course of a year. Again, it can be an estimate. This number will probably be larger in a retail setting than in companies that operate in a professional services industry. 5.    Profit margin: The profit percentage of each and every sale. Simply put, if a business sells something for $100, and profit was $25, the profit margin is 25 percent.  So how does this all relate to top-line revenue and bottom-line profit? Let's see. Your Company In your sample company, we use a very simple formula to multiply the factors we've just discussed. Remember, this formula multiplies factors instead of just adding them, so the cumulative impact is massive. The Profit Booster formula looks like this:
Leads x Conversion Rate = Customers
Customers x Avg. Value/Dollar Sale x Number of Transactions = Revenue
Revenue x Profit Margins = Profit In your company, let's say you have either estimated or fully determined the following numbers:
6,000 x 25% = 1500 Customers
1500 x $100 x 2 = $300,000 Revenue
$300,000 x 25% = $75,000 Profit What does all of this mean?
Simply put, you are running a business that converts one out of four prospects into paying customers. Those customers average two purchases at $100 per purchase each year and your company enjoys a 25 percent profit margin on revenues of $300,000. It also means your total profit for the year is $75,000. So what would happen if, over the course of the next year, you increased these results by just 10 percent in each of the five areas? Let's do it, and then let's take a look at what happens to your bottom line:
6,600 x 27.5% =  Customers
1210 x $110 x 2.2 = $292,820 Revenue
$292,820 x 27.5% = $80,525.50 Profit Examine the numbers closely and you'll see the 10 percent increase is incremental, which means you could easily nudge numbers up by that amount over a period of months--or even weeks. The bottom line is that the new bottom line looks very interesting, doesn't it? Even though we've increased each factor by just 10 percent (including top-line revenue), we were able to boost bottom-line profit by 61 percent--or a total of $30,525.50. What could you do with an extra $30,000 in your business this year? Think 10 percent is impressive? Do some math on your own and see what the numbers look like if you increase each factor by 30 percent, 50 percent or even 100 percent down the line. The key is that we are multiplying factors--not adding--which has a massive impact on profit. The "5 Ways" isn't a complicated numbers game. It's simply looking at your business in a different way and working with a set of numbers that exist in every company. While your competitors will be in an endless cycle, trying to increase top-line revenue and cutting expenses to generate more profit, you'll have at least five other factors with which to work. And there are literally hundreds of strategies you can use to boost those numbers immediately and over time. We'll look at some of those strategies in the future. For now, work with your numbers and brainstorm ways to increase leads, get more customers coming back, increase the amount they buy, and raise your profit margins--and you'll be miles ahead of the majority of owners successfully operating businesses today.Better yet, you'll be pleasantly surprised at how easy all of this is to do--and you'll be more than happy with your ultimate results. 4.    Here are 13 Ways to Increase Profit Margins 1.    Know Your Margins & Increase prices with the client and customer as the focus. You can selectively raise the price of your most popular items to most effectively add to your bottom line.  You don't have to increase prices across the board. And remember, no one knows the price you pay but you. The first step to optimizing your profit is understanding it. It is a good idea to look at your gross profit margin often and break it down by clients and products or services. You can use this simple equation: Gross Profit Margin = (Revenue – Cost of Goods Sold)/Revenue For example, if you bought a widget for $50 and sold it for $100, your gross profit margin is 50 percent. This can be a sticking point for small-business owners. If you have a service business, raising prices can feel personal and scary. But at the end of the day, pricing is one more piece of information about your business. Price is one way to convey the message that what your offerings are of higher quality or greater value than your competitors’. Raising prices may cause you to lose a few customers, but your profit margins grow even if your revenue stays flat – and that means more money in your pocket. 2.    Sell More at better margins – Marketing, Systems and Sales as Leverage 3.    Bundle and Add Margin Sell added value by bundling products and services. Best Buy's Geek Squad promises it can Fix any computer problem-anytime, anywhere. Of course it leaves off For a price. People don't want the hassle of figuring things out or screwing things up. Customers value their time and will pay for worthwhile services related to the products you carry. Selling added value is the way to a very profitable future. 4.    Be happy Yourself – Solve for Happy Mo Gawdat 5.    Better Communications Skills – The Coaching Habit 6.    Narrow your Marketing focus. You can't be all things to all people. It's the difference between a restaurant with a menu of 200 mediocre items and one with twelve items that are outstanding. Consider how much profit you are making on your slower-moving items. Could that shelf space be devoted to quicker-moving, more profitable items? Yes! Heed the 80-20 Rule This tidbit of economic wisdom that says 80 percent of your business income will come from 20 percent of your products or services. This is where keeping a close eye on your gross profit margin is essential. Calculate your gross profit margin on each individual product or service your company offers. It’s likely that some of them are dead weight and can be eliminated, while others pull more than their share of the weight. Streamline your offerings to include just the most profitable and you can use the energy that frees up to create something new and wonderful to wow your customers. The 80-20 rule, Part 2 The rule applies to customers as well: Twenty percent of your customers probably account for 80 percent of your business income. Calculate your gross profit margins by client or customer type. The Clients who require a dozen phone calls before they will commit to the project and another dozen before they pay a deposit are eating into your profit margin. Don’t be afraid to detach from unprofitable clients. Identifying your best clients or customers and working on attracting more just like them is one of the best ways to beef up your bottom line. 7.    Limit the discounting. Without a plan, you’ll do anything to get money in the bank. I know one toy store owner who, when she had to pay bills, turned to Twitter to tell her followers they'd get 30 percent off if they came in that day. She thought she was brilliant. What she didn’t realize was that she was robbing herself of profit to pay her bills. She was teaching customers to simply wait for the next tweet. She needed a quarterly promotions schedule, and so do you. Find new ways…we will buy you this.  Youll get this extra premium 8.    Cut Costs and waste. You want to get more done with who you have. Are there jobs you're hiring others to do that you could possibly complete with staff? Do you really need to pay a window washer, for example? Talk to your vendors about pricing and find out if they have any special offers. There may be better pricing available for those who simply inquire. Be the squeaky wheel. When you buy new equipment, look not only at the purchase price but at the operating costs for competing models.   9.    Award extra hours based on merit. Grant employee requests for more hours based only on their average sale or number of units sold per customer, not simply on their request or need. 10.    Personally hand out all paychecks. When you personally see how much each staff member takes home, it makes costs real for you. 11.    Cut vendors. When you buy more from fewer vendors, you'll often get a better deal on pricing, shipping, and dating. Ordering only a few items from a number of different vendors requires more bookkeeping and tracking, and you often pay top-dollar to try to meet each one's minimum orders. No one's items are that special. 12.    Combine your orders and JV with other dealers to get freight and larger order discounts. Just be sure to decide ahead of time which of you will do what, and pay before delivery to avoid problems. 13.    Fire unprofitable customers. Those who need a lot of hand-holding, always beat you up on price, or constantly call you with some problem take up a lot of time. If your company is large enough to evaluate this, ask your order desk or sales reps to provide their top 10 complainers and match them to the amount of profitable orders they generate. Even if they deliver large volume, if they don’t pass, tell them that while you appreciate their business, the costs to manage the account outweigh the profitability and you therefore must implement a price increase. Resources: Confessions of A Pricing Man: How Price Affects Everything – Herman Simon Affiliate Link: http://amzn.to/2fz8K1t Getting Every Thing You Can From What You’ve Already Got – Jay Abraham Affiliate link: http://amzn.to/2uOh8Mx Solve For Happy – Mo Gawdat Affiliate link: http://amzn.to/2uNTGPm The Coaching Habit –Michael Bungay Stanier Affiliate link: http://amzn.to/2vtICJn

Can you implement well established hedge fund strategies in a systematic way?Future Value Capital has been researching this for years, before they started trading. They are unique because of how they simplify and automate complex Risk Premia.But we aren't the best at explaining their systems. Roman Lutz, the Chief Financial Officer of Future Value Capital will explain it all in this interview.-----EXCEPTIONAL RESOURCE: Find Out How to Build a Safer & Better Performing Portfolio using this FREE NEW Portfolio Builder ToolIn This Episode, You'll Learn:About Merger Arbitrage and How investors can ProfitWhat criteria they look for in mergers, such as Market Cap, Deal Size, Liquidity etc.What currency markets Future Value Capital entersThe app. 15 strategies they use and how many sub strategies they may haveThe origin stories of where the Future Value Capital strategy derived from.Understanding the typical way to build a derivative businessWhy the average correlation of a hedge fund with equities has shifted from 0.6 to 0.9 from the 1990's to today.How Scottish Whiskey tasting can kickstart long term business relationshipsAddressing the “Black Box” label that many systematic programs hasWhat environment Future Value Capital's systems are best suited to operate withinThe business structure of Future Venture Capital and the alliance with Trium CapitalAbout the post Madoff and additional regulatory environment investors are operating inHow Roman Lutz developed the shared business management and split the overhead cost with other emerging fund managersThe negative side effects of sharing hedge fund management business practices with other firmsA ballpark figure for the cost of being part of the Trium Manager Alliance and get the services required to be able to operate as a regulated and well run firmHow Roman and partners develop new plans in regards to where the economy is going and how to develop plans to manage funds going forwardHow merger arbitrage and volatility arbitrage connect implied and realized volatilityHow to buy realized volatilityWhen to deploy and when not to deploy the realized volatility trades (when volatility starts to trend)Main categories from a strategy point of view – Trend Following for exampleHow Future Value Capital uses trend following-----ATTENTION TTU TRIBE : SIGN-UP for Rick Rule's Symposium: Once in a life-time natural resource insights from the BEST investors in the world via a first-class livestream or Live event!Resources & Links Mentioned in this Episode:Listen to the past episode with Marty Bergen from Dunn Capital mentioned in regards to the higher correlation between traditional alternative investment space and the traditional assets.Lars Jaeger owner of Alternative Beta Partners – Wrote extensively about the lack of alpha to people hunting it. 4x more assets are looking for alpha than alpha is available in the market.Listen to our previous guest Karsten Schroeder from Amplitude Capital on the value of systematic trading vs. discretionaryLearn more about the

It's easy to get caught up in the exciting sub-topics of house flipping — from seller financing to direct marketing to working with contractors. But today I want to get “back to basics” and talk about the fundamentals of House Flipping. These are the common elements of this business that everyone has to learn and understand to develop their skills, and today I'm sharing one of the first educational modules from my Fail Fast Flipping coaching program, so that you can really get a great grasp of these fundamental skills we all need to understand.Have any questions? Just post them in the comments area below! And if you like what you hear, be sure to click here to subscribe in iTunes. And while you’re there, why not leave us a review and five-star rating?Show NotesOn this episode we discuss:What exactly is House Flipping?A 10,000 foot view of the real estate investing businessUnderstanding the 4 pillars of house flippingMethods and means of buying propertiesFinancing your flips for maximum profitWhat is involved in the rehab processThe most important skill you need to develop as a house flipperThe process of selling your propertiesUnderstanding buying criteriaDealing with both sellers and buyersTweetable Quotes“You have to find your motivation” – Justin Williams“Give yourself a realistic time frame” – Justin Williams“You need to act as if you will make it happen” – Justin Williams“Put in a lot of effort and take a lot of action to make it count” – Justin Williams“You want to be open minded but you should know what you are looking for” – Justin Williams“No Lead Left Behind” – Justin Williams“Think Less, Do More!” – Justin WilliamsTranscriptClick here to Read and Download the Transcript for Episode 52Links and ResourcesFail Fast Flipping ProgramHouse Flipping Hq Mastermind GroupAnchor Loans is one of my main hard money lenders. I absolutely recommend them to help finance your deals Don't fear the failure!Join our FREE webinar to learn tips on how to start with real estate, how I run my house flipping business and get the inside scoop on why failure is actually your best friend when it comes to house flipping!Join us on, Thursday, August 21, 2014 at 6PM/9PM (Pacific/Eastern) and ask me any questions you might have about house flipping and real estate!–> Click here to reserve your spot!