How do you know when to invest in something?

Investment is crucial for entrepreneurs because that is how we uplevel our businesses. 

To achieve your long-term financial goals, it becomes necessary to place your money in areas where it can potentially earn more.

However, the outcomes of an investment are uncertain. So how does an entrepreneur ensure they are in the right space to invest?

I share how you can decide when and where to invest your money: 

• How to ensure your finances are ready in preparation for an investment
• The order of investment
• How to make your investment money back

Don’t let this episode pass you by as you prepare for your next investment. Hit play and get right into it. 

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Maximizing your company's cash flow and earnings requires maintaining strict control over both fixed and variable costs.

Entrepreneurs can use a number of strategies to control spending and plan for unforeseen expenses that may arise throughout the year. In this episode, I share 12 of these strategies.

Are you eager to find them out? Hit play on this episode. 

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In this episode, I am joined by Erica Goode,CPA and we talk all things tax.

Erica is a seasoned financial expert and Certified Public Accountant (CPA) who possesses a wealth of knowledge from her career in public accounting at KPMG LLP in Chicago and in corporate finance at Walgreens headquarters where she led the financial planning process for a $2B division.

Her passion is helping entrepreneurs and CEOs grow the profitability of their companies, while planning for their family’s personal financial future and with such a background and passion, Erica shared important aspects about tax with us.

These are:

• What taxes entrepreneurs should be aware of
• How to save for your taxes
• Why you need to keep all your receipts
• What deductions to take advantage of 
• How to make sure you are up to date with the deductions available to you.

We break down taxes in this episode in the simplest format, press play to listen.

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In this episode, I speak about the Profit First Method with Jenni Davis.

She  is a Certified Profit First Professional, CFO and owner of JMD Business Solutions. With over 25 years of experience, Jenni has learned how to step into service based business as the "Chaos Tamer", the "Money Manager" and their #2 in the day to day financial operations. 

Jenni is passionate about eradicating financial stress for business owners and equipping them to plan for profit like they’ve never seen before. 

As a Profit First coach, consultant and educator in the online business community, Jenni is the right guest for this episode and we highlight:

• What exactly profit is and what it is not
• Why many entrepreneurs struggle with the concept of profit
• How a normal business can take its profit
• What Profit First is and how it works
• Why it is necessary for you to have several bank accounts

If you are looking to transform your business, this is the episode for you. Press play to listen in.

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You may wonder, “why do I always budget and fail to follow through?”  This is frustrating and can have your finances in the red yet you have money coming into your business.

Some reasons why this is failing is because you are not analyzing your spending in the past and getting clear on your cash flow in the present.

Once you are clear on this and stick to it, you can be able to see results.

I break down just how to make your budget work for you in this episode and why you should account for your finances and get a clear understanding of your cash flow.

Press play to listen in. 

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Financial literacy is an important aspect for every business owner and getting educated on how to operate your finances can transform your lives for the better.

This has led me to seek financial knowledge in resources like books and podcasts. 

In this episode, I highlight:

• 10 of my favorite finance books
• My preferred financial and entrepreneur podcasts 

I hope these resources can be of value to your business and personal finance as they did mine.

Let the listening begin. 

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Resources

Books

10. Financial Peace Revisited: New Chapters on Marriage, Singles, Kids and Families by Dave    Ramsey

 9. The 12 Week Year by Brian P Moran and Michael Lennington

 8.  Strengths Based Leadership: Great Leaders, Teams, and Why People Follow by Tom Rath

7. The Pumpkin Plan: A Simple Strategy to Grow a Remarkable Business in Any Field by Mike Michalowicz

6. From 6 To 7 Figures: The Proven Playbook To Get More Traction, Free Up 20 Hours Per Week, And Scale Past $1M In Revenue!

5. The Seven Money Types: Discover How God Wired You To Handle Money  by Tommy Brown

4. Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! By Robert Kiyosaki

3. Simple Numbers, Straight Talk, Big Profits!: 4 Keys to Unlock Your Business Potential by Greg Crabtree

2. Simple Money, Rich Life: Achieve True Financial Freedom and Design a Life of Eternal Impact  - Bob Lotich

1. Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine by Mike Michalowicz

Podcasts

Finance

• Seed Time Money Podcast
• Profit First Nation Podcast
• Popcorn Finance with Chris Browning

Small Business

• Hey Jessica
• The Ops Authority 
• The Christy Wright Podcast (formally Business Boutique)

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In this episode, I highlight which financial professional you need for your business.

If you are a business owner, then you definitely know how intimidating it is to find the right people to help with your business finances. 

Is it a Certified Public Accountant, Bookkeeper, Chief Financial Officer, or Financial Planner?

Press play on this episode to find out alongside 10 questions to ask when hiring a financial professional.

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In this episode, I highlight the most powerful aspects your business may be overlooking. 

These are your mission, vision, values and goals. This is because they help you determine your “why”. 

As a business owner, they give you reason for why your business operates the way it does. 

Not only are they a constant reminder to you and your team on what is important but they also allow you to utilize your skills and gifts which is very pivotal to the business’s growth. 

Let’s dive into why this is important. Press play on this episode. 

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