POPULARITY
On the 12th episode of Work Positive Podcast with host Dr. Joey Faucette, the guest is Darry Lyons, author of Small Business Big Pressure, The Grand Money Chasm, and 18 to 80. He is a contributor to Forbes.com, the San Antonio Business Journal, and Living Well. Darryl is on the advisory council for Ramsey Solutions (Dave Ramsey) and the National Federation of Independent Business Owners Texas (NFIB). PAX Financial Group, LLC was recognized as one of the fastest-growing companies in the United States by Inc.com (Inc. 5000). Listen to this educational and entertaining Work Positive podcast episode with Darryl Lyons sharing technology resources, the key performance indicators, and what is a psychologically safe culture. Here is what to expect on this week's show: ☀️Resource TINYPulse for building employee culture. ☀️How to create a psychologically safe work culture. ☀️How to create a framework of trust in the workplace. ☀️The three key hyper-focused performance indicators Darryl uses for measuring employee engagement. ☀️The reason why you should clearly define your company culture. Connect with Darryl Lyons: Links Mentioned: https://paxfinancialgroup.com/ Books Mentioned: 18 to 80: A Simple and Practical Guide to Money and Retirement for All Ages The Grand Money Chasm: Ten Effective Strategies to Build a Money Legacy Within Your Grandchildren Guest Contact Info: Twitter: https://mobile.twitter.com/paxfinancialgrp Facebook: https://www.facebook.com/paxfinancialgroup/ LinkedIn: https://www.linkedin.com/in/darrylwlyons/ Learn more about your ad choices. Visit megaphone.fm/adchoices
“I see the new building, and the delivery trucks and all of the promotions she is running around town, she must be killing it with her business!” You and I have both said it at some point. We declare, “they are making money hand over fist!” when we see that promotion or branding somewhere in town. It all looks so easy...just show up, money rolls in, people love working there and all is perfect. That is rarely true. Chaos is more consistently the norm for most business owners who are swimming in decisions, directions, confusion, and success swings just trying to hold it together while keeping a pristine, branded exterior. Certainly there is a lot to continually think through day to day so here are three things that are important to monitor on a regular basis in your business, in fact we monitor them weekly in our business. We call them the ABC’s and they make up the “Level Two Dashboard”. You may ask, “what is the Level One Dashboard?” It is actually just the “A” of the ABC’s I am about to share. Here are the ABC’s of what you can be monitoring weekly or every-other-weekly in your business. Accounts Darryl Lyons (author of Small Business Big Pressure) and I were having a conversation about financial elements in every business that must be tracked regularly and he surprised me with the simplicity of one of his points-- watch your cash accounts. Darryl mentioned that he reviews his cash accounts once per week. Eyeballs on your cash weekly will allow you to watch it barometrically, checking for any major spikes or dips. It’s not a line by line drill down on isolated spending on things like $4.22 smoothie purchases, but instead a high level look to see the overall flow of your cash. You need to see how the cash actually flows. Minor shifts are expected, but when the numbers climb or fall at a serious grade, that is when you know it is time to dig. Was there a big bill due? Did a massive check come in? Is money leaking? One business owner we met with years ago was completely (and I mean completely) in the dark as to the amount of cash in his business accounts. His rationale, “they will tell me when it gets to low.” Not a good strategy. Once per week or every other week, take a look at your cash accounts (yep, plural, “accounts”...go read Mike Michalowicz’ Profit First and IMPLEMENT). Bookkeeping Most businesses have some form of payables (what you owe) and receivables (what you are owed). Once per week or every other week it is good to know what these are. For some of you it is easy to pinpoint how much you owe through a statement or a spreadsheet, for others it is more difficult. Either way, you have no excuse to not know payables like monthly subscriptions, vendor and subcontractor payments, facilities payments, payroll, and others. Knowing this general payout will allow you to know what will be coming out of those accounts that you have already taken a look at over the coming weeks. So instead of your account having $10,458...it actually has that PLUS whatever will be coming in over the coming weeks MINUS what will be going out over the coming weeks. A simple “Aging” or “Receivables” report within your bookkeeping software will allow you to see what should be coming in by way of payments to the business. On a basic spreadsheet you can a section showing all of your account balances, and then a section showing what you owe and what receivables you have outstanding. We actually run this calculation every week: Total Cash in our Accounts +Receivables -Payables -Tax Account = What the real time cash position IF we collected ALL receivables and PAID all payables It’s just a number that is nice to know. Customers Finally, it is crucial to monitor your customer engagement with Existing Customers Non-Yet Customers Past Customers This is where you track important metrics around marketing, engagement, and communication. An Attorney may monitor: Existing Customers: number of cases won, gifts sent Non-Yet Customers: number of phone calls received to appointments set Past Customers: number of follow up calls placed A Contractor may monitor: Existing Customers: weekly updates sent, special events delivered Non-Yet Customers: number of website leads, number of follow up appointments Past Customers: past customer “Happy Hour” participants Whatever metrics are important for your particular business is what you will track. For Business On Purpose we track things like Podcast Downloads, Book Sales, 1-on-1 phone calls, and Coaching Hours among other items. Is it possible to know every nook and cranny of your business? It is a challenge because business is dynamic, constantly changing and flowing. Monitor the ABC’s of your business-- Accounts, Bookkeeping, and Customers and review them weekly and you will begin to punch chaos in the mouth. THAT is when you know you are “killing it”. Scott Beebe is the founder of Business On Purpose and the host of The Business On Purpose Podcast. He can be found at mybusinessonpurpose.com.
“I see the new building, and the delivery trucks and all of the promotions she is running around town, she must be killing it with her business!” You and I have both said it at some point. We declare, “they are making money hand over fist!” when we see that promotion or branding somewhere in town. It all looks so easy...just show up, money rolls in, people love working there and all is perfect. That is rarely true. Chaos is more consistently the norm for most business owners who are swimming in decisions, directions, confusion, and success swings just trying to hold it together while keeping a pristine, branded exterior. Certainly there is a lot to continually think through day to day so here are three things that are important to monitor on a regular basis in your business, in fact we monitor them weekly in our business. We call them the ABC's and they make up the “Level Two Dashboard”. You may ask, “what is the Level One Dashboard?” It is actually just the “A” of the ABC's I am about to share. Here are the ABC's of what you can be monitoring weekly or every-other-weekly in your business. Accounts Darryl Lyons (author of Small Business Big Pressure) and I were having a conversation about financial elements in every business that must be tracked regularly and he surprised me with the simplicity of one of his points-- watch your cash accounts. Darryl mentioned that he reviews his cash accounts once per week. Eyeballs on your cash weekly will allow you to watch it barometrically, checking for any major spikes or dips. It's not a line by line drill down on isolated spending on things like $4.22 smoothie purchases, but instead a high level look to see the overall flow of your cash. You need to see how the cash actually flows. Minor shifts are expected, but when the numbers climb or fall at a serious grade, that is when you know it is time to dig. Was there a big bill due? Did a massive check come in? Is money leaking? One business owner we met with years ago was completely (and I mean completely) in the dark as to the amount of cash in his business accounts. His rationale, “they will tell me when it gets to low.” Not a good strategy. Once per week or every other week, take a look at your cash accounts (yep, plural, “accounts”...go read Mike Michalowicz' Profit First and IMPLEMENT). Bookkeeping Most businesses have some form of payables (what you owe) and receivables (what you are owed). Once per week or every other week it is good to know what these are. For some of you it is easy to pinpoint how much you owe through a statement or a spreadsheet, for others it is more difficult. Either way, you have no excuse to not know payables like monthly subscriptions, vendor and subcontractor payments, facilities payments, payroll, and others. Knowing this general payout will allow you to know what will be coming out of those accounts that you have already taken a look at over the coming weeks. So instead of your account having $10,458...it actually has that PLUS whatever will be coming in over the coming weeks MINUS what will be going out over the coming weeks. A simple “Aging” or “Receivables” report within your bookkeeping software will allow you to see what should be coming in by way of payments to the business. On a basic spreadsheet you can a section showing all of your account balances, and then a section showing what you owe and what receivables you have outstanding. We actually run this calculation every week: Total Cash in our Accounts +Receivables -Payables -Tax Account = What the real time cash position IF we collected ALL receivables and PAID all payables It's just a number that is nice to know. Customers Finally, it is crucial to monitor your customer engagement with Existing Customers Non-Yet Customers Past Customers This is where you track important metrics around marketing, engagement, and communication. An Attorney may monitor: Existing Customers: number of cases won, gifts sent Non-Yet Customers: number of phone calls received to appointments set Past Customers: number of follow up calls placed A Contractor may monitor: Existing Customers: weekly updates sent, special events delivered Non-Yet Customers: number of website leads, number of follow up appointments Past Customers: past customer “Happy Hour” participants Whatever metrics are important for your particular business is what you will track. For Business On Purpose we track things like Podcast Downloads, Book Sales, 1-on-1 phone calls, and Coaching Hours among other items. Is it possible to know every nook and cranny of your business? It is a challenge because business is dynamic, constantly changing and flowing. Monitor the ABC's of your business-- Accounts, Bookkeeping, and Customers and review them weekly and you will begin to punch chaos in the mouth. THAT is when you know you are “killing it”. Scott Beebe is the founder of Business On Purpose and the host of The Business On Purpose Podcast. He can be found at mybusinessonpurpose.com.
The expression, “money makes the world go round” has a lot more meaning to it when you realize that over 2,300 scriptures in the Bible are about money. In fact, there are more scriptures about money in the Bible than faith & prayer combined. Join us today as special guest Darryl Lyons shares what God was calling him to do with his money. Get a practical and Biblical approach to finances from a man of God and Certified Financial Planner. We discuss money habits & strong holds that maybe keeping you stuck financially. What does trust in God have to do with your money? What is the doorway to trusting God? Is your thought life of money moving you forward or holding you back? “Bearing much fruit” John 15:4-8 Darryl’s book, “Small Business Big Pressure.” Darryl’s Financial Services Company, “Pax Financial.”
Tis the season for Small Business Owners to begin stressing out about things like Tax Liability, Profit Margins, Incentive Compensation, and asking the dreaded question, "Could I be audited?" Darry Lyons, author of Small Business BIG Pressure, and founder of the Pax Financial Group and I have conversation about the various financial/accounting items that you as a Small Business Owner need to be thinking about as it relates to your Small Business. This is a short course that will give you some confidence headed into 2017! If you need liberation from the CHAOS of working IN your business, and a proven roadmap to spend more time working ON your business, check out our FourStepsToBusinessFreedom.com Group Coaching platform!
Tis the season for Small Business Owners to begin stressing out about things like Tax Liability, Profit Margins, Incentive Compensation, and asking the dreaded question, "Could I be audited?" Darry Lyons, author of Small Business BIG Pressure, and founder of the Pax Financial Group and I have conversation about the various financial/accounting items that you as a Small Business Owner need to be thinking about as it relates to your Small Business. This is a short course that will give you some confidence headed into 2017! If you need liberation from the CHAOS of working IN your business, and a proven roadmap to spend more time working ON your business, check out our FourStepsToBusinessFreedom.com Group Coaching platform!
Darryl W. Lyons is a successful small business entrepreneur and co-founder of the radio show “Financial Mythbusters”. He is the co-founder and CEO of PAX Financial Group and author of “Small Business Big Pressure.” Darryl is based in San Antonio, Texas.
Author of Small Business Big Pressure. Endorsed by 2 NY Times bestselling authors (Dave Ramsey & Dan Miller), an NBA Hall of Famer, and 16 successful business owners. His business is considered one of the best places to work in San Antonio and one of the fastest growing companies in the city (SA BusinessJournal). He […] The post Small Business, BIG Pressure with Darryl Lyons | Episode 58 appeared first on On Faith's Edge.
Denise Griffitts Interviews successful entrepreneur and author of the book, Small Business Big Challenges, Darryl Lyons. Darryl W. Lyons, ChFC, CFP® is Co-Founder and CEO of PAX Financial Group, LLC. He has been a licensed professional in the financial services industry since 1999. A lifelong Texan, Darryl began his career in the financial sector just one day removed from earning his bachelor’s degree in corporate financial management and accounting at St. Mary’s University. Throughout his career, he has won awards for recruiting and development from Fortune 100 companies. Endorsed by 2 NY Times bestselling authors (Dave Ramsey & Dan Miller), an NBA Hall of Famer, and 16 successful business owners, his business is considered one of the best places to work in San Antonio and one of the fastest growing companies in the city (SA Business Journal). Darryl is a successful small business entrepreneur and co-founder of Radio Show “Financial Mythbusters”. He is also the author of Small Business Big Pressure: A Faith-based Approach to Guide the Ambitious Entrepreneur. Darryl also served as the Chairman for Brooks Development Authority in San Antonio, TX. Shortly after his service, Mayor Julian Castro, named a park “The Darryl W Lyons Park” in honor of his service. Here is the link to our earlier interview called 'Small Business Big Challenges - Leadership for Introverts'.
You know the what and the why.... What next? Click Here for the resources from our interview with Darryl As entrepreneurs we experience an extreme amount of worry, pressure, and confusion. It is a matter of time before we feel the stress and anxiety of being in business. It doesn’t have to be this way. In this episode we bring Darryl Lyons on to discuss the principles in his outstanding book Small Business Big Pressure. Darryl shares his wisdom and knowledge which will help you if you are a 20 year veteran or the soon-to-be entrepreneur. When the business owner aligns all facets of his company with God, something special happens. In the context of aligning with God’s will, with Small Business Big Pressure you will be able: How to build a mission and vision statement How to accomplish personal and professional goals Understand how to read and use financial statements Understand how to properly hire, train, and fire employees How to build a company identity and inspire the team Not only will this book give you solid principles, it teaches you from a real tested-in-the trenches entrepreneur how to put these principles in practice today! You will be compelled to keep the book close by through your entire career as a unique reference source and a source of inspiration! “There’s a whole group of people out there that are hungry for God. I want us to have confidence and go out there and be ourselves in Him and just say, “Look, we’re Christians and I’m not going to apologize for it. And you’ll find out how many people will stand beside you in that journey.” –Darryl Lyons You Will Learn How to be still in the Lord The difference between a Christian culture and a Christian company Practical steps to develop an extraordinary culture The chief responsibility of a leader How to live in moment-by-moment dependence on God How to abide in Christ in every phase of your business Resources Small Business, Big Pressure: A Faith-Based Approach to Guide the Ambitious Entrepreneur by Darryl Lyons 30 Small Business Startup Mistakes - FREE download for you as a special gift from Darryl Small Business, Big Pressure website Darryl's Blog - These are great articles you will want to read and share C12 Group - Christian CEO Roundtable Bio CEO and co-founder of the PAX Financial Group, Darryl Lyons has been a licensed professional in the financial services industry since 1999. A lifelong Texan, Darryl began his career in the financial sector just one day removed from earning his bachelor’s degree in corporate financial management and accounting at St. Mary’s University. Throughout his career, he has won awards for recruiting and development from Fortune 100 companies. In January 2007, he chose to begin and develop his independent practice.He joined Andres Gutierrez and Joseph Schuetze to form the PAX Financial Group. “We have such a strong team,” Darryl says.“It is based on a system of trust and respect.I am honored to have the people around me who help me accomplish very challenging tasks.Without their support, I couldn’t meet the needs of my clients.” Darryl also served as the Chairman for Brooks Development Authority. Shortly after his service, Mayor Julian Castro, named a park “The Darryl W Lyons Park” in honor of his service. Darryl is a successful small business entrepreneur and co-founder of Radio Show “Financial Mythbusters”. He was named to the 2010 San Antonio Business Journal’s “40 Under 40 Rising Stars,” which honors people making a difference in the business community.
"You think different when you think long term." - Darryl Lyons Darryl Lyons - Co-Founder and CEO of PAX Financial Group Author of Small Business Big Pressure. Endorsed by 2 NY Times bestselling authors (Dave Ramsey & Dan Miller), an NBA Hall of Famer, and 16 successful business owners. His business is considered one of the best places to work in San Antonio and one of the fastest growing companies in the city (SA Business Journal). He has been a contributor for the Good Men Project and the San Antonio Express News. Darryl was recognized as one of the top 40 business people under 40 and the mayor of San Antonio named a park, the Darryl W Lyons Park, after his work helping to redevelop part of the city. Connect With Darryl: Website | @DarrylWLyons | LinkedIn Small Business Big Pressure Subscribe to the Outlier Newsletter: Click Here If you enjoy Outlier On Air, please Subscribe & Review on iTunes or Stitcher Brought to you by: OUTLIER ENTREPRENEURS CLOSED FACEBOOK GROUP Request Invite
The Boomer Business Owner with Charlie Poznek: Lifestyle Entrepreneurs | Online Business | Coaching
Darryl Lyons is the CEO of PAX Financial Group and author of the book “Small Business Big Pressure”. His business is considered one of the best places to work in San Antonio and is one of the fastest growing companies in the city.
Author of Small Business Big Pressure. Endorsed by 2 NY Times bestselling authors (Dave Ramsey & Dan Miller), an NBA Hall of Famer, and 16 successful business owners. His business is considered one of the best places to work in San Antonio and one of the fastest growing companies in the city (SA Business Journal). He has been a contributor for the Good Men Project and the San Antonio Express News. Darryl was recognized as one of the top 40 business people under 40 and the mayor of San Antonio named a park, the Darryl W Lyons Park, after his work helping to redevelop part of the city.
Dose of Leadership with Richard Rierson | Authentic & Courageous Leadership Development
Author of Small Business Big Pressure. Endorsed by 2 NY Times bestselling authors (Dave Ramsey & Dan Miller), an NBA Hall of Famer, and 16 successful business owners. His business is considered one of the best places to work in San Antonio and one of the fastest growing companies in the city (SA Business Journal). He has been a contributor ... Read More
Join us as we interview Darryl Lyons author of Small Business Big Pressure: A Faith-based Approach to Guide the Ambitious Entrepreneur. Darryl W. Lyons, a lifelong Texan, holds a degree in corporate financial management and accounting from St. Mary’s University. CEO and co-founder of the PAX Financial Group, Darryl Lyons has been a licensed professional in the financial services industry since 1999. This book will help you reach your financial dreams while keeping your focus on God. Entrepreneurs and managers will gain great insight from a man who has worked in a Fortune 100 company. You can find this book at the link below. http://www.lifeway.com/Product/small-business-big-pressure-P005754699