"Quit trying to expand just to expand. Put a pause on that and focus on what you can do well with the people and the resources you have now."

Key Moments

01:29 Transitioning from Podcasting to New Business Ventures

03:13 Quitting the Right Way

07:42 Sustainable Business Growth

09:05 External Judgment When Making Decisions

11:14 The Power of a Focused Vision

17:11 Connections and Future Engagements

Connect with Will:

http://www.willtalksbiz.com/

Book I Can’t Read: A Guide to Success Through Failure

Email: Will@willtalksbiz.com

LinkedIn: https://www.linkedin.com/william-manzanares

After nearly two years of the podcast it is time to talk about making the tough decisions of when to pause or quit in business. The decision to step away from a project or job is rarely an easy one. There are times it just makes sense to quit. In fact, quitting is not always negative. It can be a positive and strategic choice. There are times when setting something aside will create room for high-value tasks and projects. As much reward are the podcast has brought us, it make sense to push pause and redirect attention to things that align with our current vision and goals. As exciting as the change can be, it is also easy to get swayed by outside opinions. Especially when they miss the value of knowing when it’s time to walk away.

As an entrepreneur I have learned the importance of maintaining focus on high-priority tasks and projects. It is important to evaluate when it may be time to close something up, even temporarily, in order to dedicate attention to new opportunities and ventures. Focus on making a business more efficient and customer-centric, rather than blindly expanding for the sake of growth.

Unfortunately, negative perspectives and judgments may arise when making the decision to pause or quit. Those are the times you should seek guidance from trusted mentors and experts, while being mindful of the opinions and feedback received from others. Don’t waste time filtering out distractions that can divert focus from the ultimate business goals and vision. You know why you are making the decision to quit, and that is what matters. Surround yourself with a supportive network that encourages and uplifts you.

While this may be the last “new” episode, you can always revisit past episodes. Continue listening and learning from the variety of episode topics. I want to express my deepest gratitude to all the listeners, guests, and contributors who have made Will Talks Biz a phenomenal success. I'm looking forward to the next chapter and the opportunity to continue sharing valuable insights with you all.

If you'd like to stay connected or discuss anything related to the podcast, speaking engagements, or other topics, feel free to reach out to me at Will@willtalkbiz.com.

"You really can show your clients your desperation by your attitude.”

Key Moments

00:00 Current Trends in Business Billing

05:21 Contractor Trust and Prepayment

08:27 importance of Clear Payment Terms and Communication

09:57 Effective Communication with Late Payers

12:31 Importance of Professionalism in Billing

Connect with Will:

http://www.willtalksbiz.com/

Book I Can’t Read: A Guide to Success Through Failure

Email: Will@willtalksbiz.com

LinkedIn: https://www.linkedin.com/william-manzanares

How Should Contractors Bill Clients

Setting up billing structures and clearly outlining payment terms in contracts can help avoid confusion or disputes down the line. If you have a business model like mine that relies on retail and speaker fees, take time to learn about different billing methods. As an experienced contractor, Cassie has spent time learning about methods to bills clients, particularly using platforms like Stripe for invoicing. It's not just about getting paid, but how you approach billing that matters.

Asking for upfront payments from clients is not uncommon. However, there are potential challenges associated with it. When contractors asking for significant upfront payments it impacts the trust being built with clients. Business owners should work on striking a balance between addressing financial security concerns and maintaining a client-friendly approach to payments.

Once you set up your system, communication is a key aspect of billing and client interactions. Maintain open and transparent communication throughout the billing process, especially when following up on late payments. Over-communicating about payment structures and potential late fees is a way to ensure clarity. When the inevitable late payment happens, try to approach them with grace and understanding.

We cannot stress enough the significance of transparency, communication, and understanding in the contractor-client billing relationship. Make sure to listen to the full episode for more on navigating the nuances of billing clients effectively.

"Contractor in Charge is really about outsourcing what you don't know how to do well and let those who do and are trained to do them, do it for you."

Key Moments

05:46 Starting a business requires understanding strengths and outsourcing

09:43 Hire, train, and manage or outsource. Focus on revenue generation, not operations.

10:21 Outsource non-core activities for business success.

15:47 Understanding numbers is crucial for business success.

17:56 Client's success story: from struggling to thriving.

20:18 Discussing future of trades on contractorincharge.com/podcast.

Connect with Lynn

Contractor In Charge Website

Contractor in Charge on LinkedIn

Lynn Wise on LinkedIn

Transforming the Trades Podcast

Connect with Will:

http://www.willtalksbiz.com/

Book I Can’t Read: A Guide to Success Through Failure

Email: Will@willtalksbiz.com

LinkedIn: https://www.linkedin.com/william-manzanares

Becoming the Contractor in Charge

As an entrepreneur it is important to know when it is time to outsource key functions. The next step is figuring out how to do it. As a serial entrepreneur that has founded six businesses, Lynn Wise has discovered the impact of incorporating outside experts. That prompted her to found, Contractor in Charge, a successful outsourcing service. Her mission is to help others outsource what they don't know how to do well and letting those who are trained do it for them.

From managing leads to full-service accounting, Lynn's company provides essential services that many businesses struggle with. Her advice? Focus on what you do best and seek resources to handle other critical aspects efficiently. Lynn's transparency, focus on delivering quality, and building trust form the secret sauce behind maintaining strong client relationships. Her approach to business is a masterclass in building loyalty and trust.

When it comes to hiring, Lynn emphasizes hiring in areas that align with your revenue-generating activities. If you can't manage, train, or hire for a role, outsource it. This approach allows you to focus on what matters most to your business. Essentially, “cash is king." It is important to find ways to earn capital so you are able to align your business with your lifestyle. Overcoming early-stage challenges and understanding demand are crucial for business owners. Lynn's insight on pricing for efficiency is a game-changer.

Make sure to listen to this episode. Lynn's success stories are awe-inspiring. From helping a struggling client turn their business around to achieving an 8-fold revenue increase, her expertise in financial management is not to be overlooked. And if you can’t get enough, check out Lynn's podcast, Transforming the Trades. Each episode focuses on the future of the trades, new resources, and technological advancements.