Be a PROFITABLE Badass Small Business Owner
Helping Small Business Owners who run service-based businesses, brick-and-mortar businesses, or home-based businesses in their local communities learn their business numbers and earn a 6 figure income. So if you're working 60, 70 hours a week and struggling to grow your small business and you want more financial freedom, this show is for you. My mission is to help you earn an awesome income! Everything you do in your business impacts your profit. So let's make sure you are paying yourself correctly in your business and the steps you can take that contribute to a healthy bottom line.
Episodes
Let's face it, you set out to build a business, but the question is, did you create that business or just a job? Time to discuss what track you are on and what are some things you can do to ensure you build a business and not just a job.
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Confused on what cash basis and accrual basis means in your bookkeeping system? Most small business owners do not know the difference so let's take a closer look at why your report might be showing different numbers.
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I wish I had a nickel for every dollar a small business owner wastes on stuff they don't need. If you want a profitable business you need to stop spending money on stuff that really isn't needed.
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If you aren't getting paid, you might as well be working for free. When was the last time you followed up on past due invoices? Do you even know how much money your business is owed?
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Wondering where all the money in your business is going and why you have no profit? Be profitable is much easier if you understand some key things about what creates your profit and then what "jobs" your profit has.
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Raising your prices can backfire when done for the wrong reasons. It isn't your customer's job to pay for your bad business habits. Make sure you aren't raising your prices for these reasons.
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Most small business owners make more profit than they realize. They just keep making this same mistake over and over and it makes them FEEL like they are less profitable than they really are. Are you doing this too?
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Confused by what percentages mean on a Profit & Loss Statement? What if I told you it was as easy as Pie? Today we take a look at how to make sense of percentages on a profit and loss and why it is important for you to use them when looking at your profit and loss income statement.
VIDEO to Follow Along: https://youtu.be/HqMy_nzw0HA
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Have you ever wondered how long it’s gonna take for you to get your money back when you spend money in your business? We called this your break-even point and in this video, we’re gonna talk about how to quickly calculate your break-even point.
VIDEO: https://youtu.be/ZSIgj-P7ec8
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It is easy to lump all your costs together. But they have different impacts on your profits and knowing the difference can help you make more money.
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We all know great customer service is important to our business, but do we actually know the financial impact it might be having on our bottom line profits? Sometimes, we just need to be reminded to check the boat for leaks in our customer service ship!
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Confused on what to do with your Year Ending Profit & Loss Income Statement? Let's walk through 5 key areas you want to focus on to make sure you can grow your sales and your profits in your small business. I promise, we will make it nice and easy. :-)
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It is never too late for your small business to start crushing it! The biggest tool you have to do this is your business numbers. They layout the roadmap to sales and profits. Let's discuss how you use your numbers and the impact they have on your success. Not just to start the year right, but at any point you are ready to take your small business to the next level and start crushing your sales and profits!
The Calendar is ready to flip over, Is Your Business Ready? Or will you just keep getting what you got in 2024? It is never too late to pivot and adjust. Let's get you set up for success with a few tips to get you headed in to the right direction and to maximize your New Year kickoff!
Recommended Book from the Video:
What if I told you that you might be leaving thousands of dollars of profit on the table all due to one bad habit? Would you want to stop doing this? If you want to make more money in your small business, forget sales for a moment and start doing this instead!
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You have heard of COGS or Cost of Goods Sold, but do you know what they are and why they are important to your small business? Let's take a look at 10 things you should know about cost of goods sold.
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Many small business owners wonder how to pay themselves in their small business. Afterall, you are in it to make money! So what is the best way to pay yourself and what mistakes do a lot of small business owners make when paying themselves? I know you want to make profit!
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