Episode 76 Candice Elliot talks about People Pay and Profit

Episode 76: People, Pay, and Profit with Candice Elliot

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Employees are the lifeblood of the company and is, ultimately, the driving force behind its success. So, how do we get the right people that fit our company culture aboard our ship? How easy is it to pay them fairly and still be profitable? In this episode, we have the amazing CEO of Fortress and Flourish – Candice Elliot, guide us through the basics of people, pay, and profit!

As an Enneagram 3w2, nothing brings me greater joy than setting goals, achieving them, AND helping as many people as I can in the process. So, you can just imagine the joy and excitement I felt when I shared a conversation with someone like Candice Elliott, who puts into focus a lot of the things that business owners and organizations need to do to make this happen in an HR perspective.

Candice’s passion and expertise in implementing stellar HR strategies not only allows her to help small businesses, nonprofit organizations, and international corporations grow their business, but also allow them to keep and nurture their workforce. She is a certified Senior Professional in Human Resources and specializes in California Labor Law who believes in a creative approach to developing management systems based on her unique worldview.

Join us in this week’s episode, as Candice Elliot shares her top tips on keeping your best employees, the importance of fair pay, and how it contributes to greater profits. She also dives into the value of pay transparency in job ad listings, minimum and living wages, and even employee handbooks. She will also reveal some of the most common mistakes businesses make when it comes to compensation and how these errors can be costly to the bottom line.

“As you widen your circle, you come in contact with more people… And so, if there aren’t good systems in place, it can lead to conflict and miscommunication.” – Candice Elliot

What you’ll learn in this episode:

  • Candice Elliott’s creative journey to human resource management
  • Importance of human resource in the growth of the company
  • Pros and cons of putting salaries on job ad listings
  • Benefits of being in the pay transparency spectrum
  • How outliers can harm your company’s foundation 
  • Tips on how to analyze competitive salaries
  • Why compensations goes hand in hand with profitability

Links in this episode: 

More resources that can help boost your business efficiency and nurture your team:

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Are you feeling stuck with what to do next to manage the money in your business?

Maybe you’ve logged into QuickBooks once or twice, but got instantly overwhelmed. Or you started to set revenue goals, but don’t know where to go from here. Maybe you simply know that managing your numbers is the right thing to do, but you don’t know what that actually means. Don’t worry, friend! I’ve got just the thing.

Managing Your Business Finances Like a CFO is my brand new 10 step checklist that will help you manage your business like a CFO without making it your full time job.

READY TO STEP OUTSIDE YOUR COMFORT ZONE AND MAKE A BIGGER IMPACT?

Click here to subscribe to the show so you don’t miss a thing!

Click here to read the full transcript.

Episode 75 Set Your Business Up Right in 7 Actionable Steps

Episode 75: 7 Steps to Set Your Business Up Right

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Whether you’re just starting out and setting foundations in the early stages or consider yourself a business veteran, there’s always room for improvement. So, what things do you need to set your business up right? Well, in this episode we’ll talk about that and more. If you’ve been waiting for a sign, my friend, this is it! Now is the perfect time to make room in your calendar, and go through your business systems + process with a fine-toothed comb.

Here are the 7 steps to set your business up right from the start:

  1. Register your business with the IRS (or your tax government) – This will help you get recognized by your government that you are a legitimate business. Registering can give your business both legal and marketing advantages.
  2. Open a Separate Business Bank Account – Set up both a checking and savings account. Get ready for the future while you are setting aside money for both your taxes and earnings.
  3. Pick a Tool to Track Your Numbers – Start Recording your cash flow. It’s going to help you keep the data that will be used to forecast and compare results. What’s working and not working for your business.
  4. Create a Monthly Routine – Get to know your money. As the owner, you will need to know which money comes in and out of your business. This can guide you to make bigger decisions in the future.
  5. Hire Help – Professionals will indeed help you with possible future problems. Hiring a cpa, bookkeeper and/or attorney are a few people you actually need. The importance of your numbers and contracts will come in handy as they make your work easier and less worried about future sales/deals.
  6. Pay Your Quarterly Taxes – Though there are other ways you can do this, it is still important to always put aside enough to pay taxes. There are rules and there are fees that might cost you in the future if you don’t get this sorted out.
  7. Automate your savings – Make sure you set aside a specified portion of your earnings to automatically deposit into your savings account regularly. This would definitely be a habit that will help your business in case of emergencies.

Now that you have a better grasp of the 7 Steps to Set Your Business Up Right, make it a habit to revisit steps 3 to 7 as your biz continues to grow. Set a clear intention and put them into action! 

“Set yourself up today for the business you want to be a year from now. And then, a year from now, you’re going to have exponential growth!” – Stephanie Skryzowski

What you’ll learn in this episode:

  • 7 Steps to Setup Your Business Up Right
  • Importance of Paying Your Taxes
  • How Early Preparation Can Protect Your Business

More resources to help you set your business up right:

WANT MORE OF THE 100 DEGREES OF ENTREPRENEURSHIP PODCAST?

Follow me on Instagram: @stephanie.skry (Tag me in your screenshots of the podcast and I’ll be sure to share!)

Are you feeling stuck with what to do next to manage the money in your business?

Maybe you’ve logged into QuickBooks once or twice, but got instantly overwhelmed. Or you started to set revenue goals, but don’t know where to go from here. Maybe you simply know that managing your numbers is the right thing to do, but you don’t know what that actually means. Don’t worry, friend! I’ve got just the thing.

Managing Your Business Finances Like a CFO is my brand new 10 step checklist that will help you manage your business like a CFO without making it your full time job.

READY TO STEP OUTSIDE YOUR COMFORT ZONE AND MAKE A BIGGER IMPACT?

Click here to subscribe to the show so you don’t miss a thing!

Click here to read the full transcript.

Episode 74 Molly Keyser on Creating Online Courses and Thriving Communities

Episode 74: Molly Keyser on Creating Online Courses and Thriving Communities

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It’s so easy to get bombarded with all the trends in building an online following, especially when there are so many social networking tools available. How do you know which one to use? And more importantly, how do you ensure that people will keep coming back for more? Well, sit tight and listen closely to this episode, friend! We have Molly Keyser sharing her brilliant insights on creating online courses and building a thriving online community.

If this is the first time you’ve heard about Molly Keyser, here’s a quick recap!

Molly is a college dropout who grew a photo studio into multiple six figures. But her success doesn’t stop there, she also has grown her online education company to 2 million dollars a year and was able to help thousands of photographers and business owners around the world. Molly has taught over 10,000 students, sold more than 17,000$ worth of courses, and currently has over 6,000 Facebook group members in her community that continues to thrive. From Facebook to TikTok, Molly is truly an expert in building an online community from the ground up.

I’m actually very excited to take a deep dive with Molly in this week’s episode about how she was able to achieve all this growth and how you can replicate her success for your business. She is also sharing her strategies for creating an engaged online community that will love what you do and help you to continue being passionate about your goals. So if you’re curious about how Molly went from 0 following to 10k, then this episode is definitely for you!

“It’s important to, obviously, build a profitable business to support your life. But I do think that once you, no matter where you’re at financially, it is very important to really follow your passion with your business – you’ll be happier. And also your business, ultimately, will be even more successful because you’re really passionate about it. ” – Molly Keyser

What you’ll learn in this episode:

  • Molly Keyser’s amazing pivot from photography to online business
  • How to start creating online courses
  • Benefits of building an online community
  • Things to consider when picking the right social platform for your community
  • How an online community can influence your business for the better
  • Molly’s top tips on how to fill your content bucket more consistently
  • Why you need to be strategic to go viral on social media

Links mentioned in this episode:

More resources to help secure investments in your business:

WANT MORE OF THE 100 DEGREES OF ENTREPRENEURSHIP PODCAST?

Follow me on Instagram: @stephanie.skry (Tag me in your screenshots of the podcast and I’ll be sure to share!)

Are you feeling stuck with what to do next to manage the money in your business?

Maybe you’ve logged into QuickBooks once or twice, but got instantly overwhelmed. Or you started to set revenue goals, but don’t know where to go from here. Maybe you simply know that managing your numbers is the right thing to do, but you don’t know what that actually means. Don’t worry, friend! I’ve got just the thing.

Managing Your Business Finances Like a CFO is my brand new 10 step checklist that will help you manage your business like a CFO without making it your full time job.

READY TO STEP OUTSIDE YOUR COMFORT ZONE AND MAKE A BIGGER IMPACT?

Click here to subscribe to the show so you don’t miss a thing!

Click here to read the full transcript.

Episode 73 what to do when investments in your business dont work out with stephanie skryzowski

Episode 73: What To Do When Investments in Your Business Don’t Work Out

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Are you an entrepreneur who likes to make investments in your business?

Investments can be a huge step in growing your business, but what do you do when they don’t work out as expected? Failed investments can be disheartening and it’s easy to start beating yourself up for it. I know I have! And most entrepreneurs have been there too, my friend. 

But here’s the thing: Just because it’s working out for somebody else, doesn’t mean it’s necessarily going to work out for you (and that’s okay!)

Here are 3 keys things to keep in mind before making investments in your business:

  1. Understand what’s working for your business –  Check your Return On Investment (ROI) on the different parts of your business. Whether you’re doing your online courses, services, consulting work, mastermind your hosting, or like those affiliate commissions that you’re getting, you have to know what’s giving you revenue and get rid of what’s not generating a return.
  2. Pick one thing at a time to go all-in on – If you want to launch a service, put your 100% effort there. If you really want to get the most out of a mastermind, then join one and get everything you can. You have to soak up all the knowledge there rather than joining different courses at the same time and get distracted.
  3. Look at your Forecast and your Future You – Think about your biggest goals and work backward. Ask yourself if this is the thing that you want to invest in towards that larger goal. Your decisions can be based on your business forecast and where you see yourself in the future. 

So if you ever feel lost or like you’re not sure about a decision, go back to these key points. And remember, it’s okay if something doesn’t work out the way you wanted it to. We can always learn from our mistakes and that’s how we grow!

“If you feel like you’ve made an investment in your business that has not panned out the way you wanted… Don’t beat yourself up about it. Take what you can from the experience and move on.” – Stephanie Skryzowski

What you’ll learn in this episode:

  • My personal experience with failed investments
  • Importance of setting up your Business Goals
  • 3 Key Things Before Making Any Investment
  • How to stay positive and to learn from investment fails

More resources to help secure investments in your business:

WANT MORE OF THE 100 DEGREES OF ENTREPRENEURSHIP PODCAST?

Follow me on Instagram: @stephanie.skry (Tag me in your screenshots of the podcast and I’ll be sure to share!)

Are you feeling stuck with what to do next to manage the money in your business?

Maybe you’ve logged into QuickBooks once or twice, but got instantly overwhelmed. Or you started to set revenue goals, but don’t know where to go from here. Maybe you simply know that managing your numbers is the right thing to do, but you don’t know what that actually means. Don’t worry, friend! I’ve got just the thing.

Managing Your Business Finances Like a CFO is my brand new 10 step checklist that will help you manage your business like a CFO without making it your full time job.

READY TO STEP OUTSIDE YOUR COMFORT ZONE AND MAKE A BIGGER IMPACT?

Click here to subscribe to the show so you don’t miss a thing!

Click here to read the full transcript.

Episode 72 Raising Financial Grownups with Bobbi Rebell

Episode 72: Raising Financial Grownups with Bobbi Rebell

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From early investments to daily saving habits, learning how to manage money is such an invaluable life skill. I mean, can you imagine what the world would look like if everyone grew up with an understanding of how to handle finances like a pro? 

Unfortunately, for most people, financial literacy is simply not accessible. I mean, it’s not like they teach this at school. 

And this gap in accessibility is why our guest feels called to spread her experience and expertise when it comes to finances! 

Join us in this episode as we share a conversation with author, podcaster, and CERTIFIED FINANCIAL PLANNER™ professional – Bobbi Rebell

Learn what inspired Bobbi to write her book and start her podcast. She talks about some super practical tips on how to teach your kids good money habits. Bobbi also dives deep into the importance of open communication when it comes to financial matters, and offers her sage advice on what to do if your child is struggling with money decisions.

So if you’re looking for ways to help your kids become more financially savvy, this episode is a must. Tune in now and learn how to set YOU and your children up for financial success!

” It’s hard and it’s important when I say not to judge. A lot of things that happen with money are not in our control. Sure, you still have to figure it out, but it’s really important not to blame yourself or feel like you’ve done something wrong. You just have to figure out what you can do to make your situation better ” – Bobbi Rebell

What you’ll learn in this episode:

  • Bobbi Rebell’s journey with parenting and financial career
  • Importance of long term financial plans
  • How good financial parenting affects your children’s future
  • Why listening is the first step to financial communication

Links in this episode: 

More resources to boost your financial growth:

WANT MORE OF THE 100 DEGREES OF ENTREPRENEURSHIP PODCAST?

Follow me on Instagram: @stephanie.skry (Tag me in your screenshots of the podcast and I’ll be sure to share!)

Are you feeling stuck with what to do next to manage the money in your business?

Maybe you’ve logged into QuickBooks once or twice, but got instantly overwhelmed. Or you started to set revenue goals, but don’t know where to go from here. Maybe you simply know that managing your numbers is the right thing to do, but you don’t know what that actually means. Don’t worry, friend! I’ve got just the thing.

Managing Your Business Finances Like a CFO is my brand new 10 step checklist that will help you manage your business like a CFO without making it your full time job.

READY TO STEP OUTSIDE YOUR COMFORT ZONE AND MAKE A BIGGER IMPACT?

Click here to subscribe to the show so you don’t miss a thing!

Click here to read the full transcript.

Episode 71 An Easy Money Manifestation Tip

Episode 71: An Easy Money Manifestation Tip

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The Buzz Around Manifestation

Manifestation, especially “money manifestation,” seems like a buzzword that’s been making its rounds on the internet lately. But what is it, really? And do CFOs (like me) actually believe in its power? Let’s dive in!

So… first things first, what does money manifestation even mean?

The Reality of Manifestation: Thoughts, Feelings, and Actions

Manifestation is the act of bringing something into existence. It’s often said that we manifest our own reality through our thoughts, feelings, and actions.

Notice how it says it requires thoughts, feelings… AND action? Yeah, unfortunately, a lot of people still misconstrue manifestation as some sort of magical power. They think that if they simply visualize what they want hard enough, it’ll just appear out of thin air.

A CFO’s Perspective:

As an Enneagram 3 and a ‘show me the numbers’ kind of person, I’m not particularly prone to believe in things that I can’t see or quantify. So, you could just imagine how I felt when I first heard about manifestation and its supposed power to help you manifest the life of your dreams.

But here’s the thing: I do believe that what we focus on expands.

So, if I want to boost my income and make it sustainable, guess where I focus my attention on? You got that right! I focus on money. Where is it coming from, how can we give our numbers a boost… you get the idea! And you know what happened? MONEY STARTED FLOODING IN.

Ready to Manifest In Your Life and Business?

Join me in this episode as I discuss some real-life accounts of how abundance has shown itself in my life and business. Let me share an easy money manifestation tip that you can start practicing today!

What you’ll learn in this episode of The Prosperous Nonprofit podcast:

  • What is money manifestation
  • Do CFOs believe in manifesting money
  • Why you need to focus on what you want to attract
  • The power of gratitude and taking aligned action toward your goals

More resources to help you attract more into your life and business: 

Want More of the 100 Degrees of Entrepreneurship Podcast?

Follow me on Instagram: @stephanie.skry (Tag me in your screenshots of the podcast and I’ll be sure to share!)

Are you feeling stuck with what to do next to manage the money in your business?

Maybe you’ve logged into QuickBooks once or twice but got instantly overwhelmed. Or you started to set revenue goals but don’t know where to go from here. Maybe you simply know that managing your numbers is the right thing to do, but you don’t know what that actually means. Don’t worry, friend! I’ve got just the thing.

Managing Your Business Finances Like a CFO is my brand new 10-step checklist for managing your business like a CFO without making it your full-time job.

READY TO STEP OUTSIDE YOUR COMFORT ZONE AND MAKE A BIGGER IMPACT?

Click here to subscribe to the show so you don’t miss a thing!

Click here to read the full transcript.

Episode 70 Slow Down to Grow Your Business Sustainably with Jennifer Morilla

Episode 70: Slow Down to Grow Your Business Sustainably with Jennifer Morilla

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Something that a lot of people don’t realize about running a successful business is that oftentimes, taking things slow is usually the best way to achieve sustainable growth.

And why is that?

Imagine if you’re trying to run a marathon. You can’t just go out and sprint the whole thing. If you try to do too much too quickly, chances are you’re going to end up burning yourself out before you even cross the finish line. The same goes for business. If you try to grow too quickly, you might end up making a lot of mistakes or bite off more than you can chew and end up spreading yourself too thin.

This week’s guest, Jennifer Morilla, knows a thing or two about setting a business up for success… but as with all the greats, that did not come without growing pains.

In fact, it took several years’ worth of mindset shifts and learning some tough life lessons before she was finally able to create the business and life of her dreams. And though her journey wasn’t always rainbows and unicorns, she’s grateful for everything she’s gone through because it has made her the strong, resilient woman she is today.

So, join us in this episode, as Jen opens up about her business coach origin story, and some of the biggest life lessons she’s learned along the way. She also shares how you can leverage your audience, the importance of setting boundaries, and so much more!

“If you don’t have boundaries… it is a recipe for disaster” – Jennifer Morilla

What you’ll learn in this episode:

  • Jennifer’s journey into building her online coaching business
  • Mindset shifts and lessons she learned during her pivoting phase
  • How to do better at leveraging your audience
  • Why not setting solid boundaries is a recipe for disaster
  • Why you need to slow down to grow your business sustainably
  • The importance of understanding your strengths and weaknesses
  • Things Jen considers before making investments
  • Network is more important than your net worth
  • Business debt is not as bad as it looks (if you do it right)

Links and resources mentioned in this episode: 

More resources to help you gain fresh perspectives: 

Today’s episode is brought to you by the boost your business bundle!

The original bundle event with over a hundred free tools and resources that you can access immediately from me and some other amazing experts focused specifically on helping online entrepreneurs, just like you boost their business with the right tools and strategies that get results.

That means more clients, more sales, better systems, more freedom, and more impact. The resources in this bundle are amazing! There are tools to help you launch a podcast, boost your social media reach, find more ideal clients, write better emails, learn SEO, create a unique customer experience, and so, so, so much more.

Head on over to 100degreesconsulting.com/bundle to register for free and grab this amazing bundle of resources!

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Follow me on Instagram: @stephanie.skry (Tag me in your screenshots of the podcast and I’ll be sure to share!)

Click here to subscribe to the show so you don’t miss a thing!

Click here to read the full transcript.

Episode 69 Selling Your Business What You Need to Know

Episode 69: What You Need to Know Before Selling Your Business

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Selling your business can be a daunting task and it is in fact a long process.

Whether you’re looking to have extra hours at your disposal or simply trying to move on to your next venture, there are quite a lot of things you need to consider before placing your business on the market.

So, if the thought has ever crossed your mind, then this is a great way to start navigating this transition!

Join me in this episode,  as I share my thoughts on how you can get things in order, and what important things you’ll need to consider before signing that sale.

Major things you need to consider when selling your business (or just considering it!):

How efficient are your business operations

  • Your Role – As the CEO of your company, you have got to assess if all of the processes are reliant on you. What we don’t want is the business being too dependent on you. And if it is, then you need to find a more efficient way to delegate these revenue-generating tasks. The business should be able to run without relying on you to check every single step or decision.
  • Your Team – A strong foundation can operate together if you have a clear cut of the process you’ve done. There are a lot of things that your team can do if you delegate tasks. What we actually did is to cross-train my team for the role that I have been doing for years. So, now, even if I’m on vacation, we can easily handle transactions without waiting on me to get back.
  • Your Business – This is something that you might have done already and that is your business process. You need to know whether the process that you have right now is in its best state. Make note of the redundancies, and find ways to streamline or automate these workflows. 

How are your finances 

  • Bookkeeping – Anyone investing or planning to buy another business would definitely dig up every record you have and this can be a lot. The big numbers are what you need to know. EBITDA is one of the things that you really have to be aware of. Make sure to separate the revenues and categorize the expenses your business has.
  • Cash Flow – Be aware of the ins and outs of every penny that goes through your business. What does your cash position look like? Most of the time, investors would want to see your numbers. If it’s consistently high, low, or if it’s like a roller coaster. If you understand it, then you can talk about it better if you’re selling your business
  • Burn Rate – As much as the revenue would be tempting, there’s the other side of it which is an expense and these are what the clients would check on in order to know the cost of running the business on a day-to-day basis, monthly or even annually. You have to know which ones are core business operating expenses vs other business expenses that are possibly not applicable to another owner.
  • Accounting Method – It could be cash or accrual method. There are businesses that choose a cash method which means that the transactions are recorded once it goes in and out of the bank and there are also business owners who prefer an accrual method which would be recording the transactions as it was incurred. These two have their own pros and cons so you would need to think about them before transitioning one to the other.

There’s no one way of doing this, but hopefully these help you be prepared the moment you’ve decided to sell your business.

“Making sure you have a crystal clear look at all of those numbers for yourself is really important… and even if you don’t want to sell your business, you have just gained more insight you could use to help you make better business decisions.” – Stephanie Skryzowski

What you’ll learn in this episode:

  • Things you need to know before selling your business
  • How to avoid bottleneck-ing your business success
  • Why understanding your numbers can help you make that sale worth it

Links in this episode: 

More resources to help you step into your CEO shoes (and not overwhelm yourself): 

WANT MORE OF THE 100 DEGREES OF ENTREPRENEURSHIP PODCAST?

Follow me on Instagram: @stephanie.skry (Tag me in your screenshots of the podcast and I’ll be sure to share!)

Are you feeling stuck with what to do next to manage the money in your business?

Maybe you’ve logged into QuickBooks once or twice, but got instantly overwhelmed. Or you started to set revenue goals, but don’t know where to go from here. Maybe you simply know that managing your numbers is the right thing to do, but you don’t know what that actually means. Don’t worry, friend! I’ve got just the thing.

Managing Your Business Finances Like a CFO is my brand new 10 step checklist that will help you manage your business like a CFO without making it your full time job.

READY TO STEP OUTSIDE YOUR COMFORT ZONE AND MAKE A BIGGER IMPACT?

Click here to subscribe to the show so you don’t miss a thing!

Click here to read the full transcript.

Episode 68 How to Protect Your Business Rights with Sarah Waldbuesser

Episode 68: How to Protect Your Business Rights with Sarah Waldbuesser

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Legal matters can sound scary, but it won’t be as intimidating once you open yourself to the benefits of legally protecting your business. So, if you’ve ever dreamed of your biz getting all #legit and ready for anything, this one’s for you!

In this week’s episode of 100 Degrees of Entrepreneurship, we have Sarah Waldbuesser, an attorney and the Founder of Destination Legal. Her company helps coaches and online entrepreneurs with the legalities of businesses. 

How did this all come to be, you might ask. Well, after quitting her law firm job, Sarah realized two things she loved – travel and helping women entrepreneurs. So, she took her love for adventure and created businesses all while traveling. 

And guess what? No matter where in the world she was, people still came to her for legal advice! That moment sparked something in Sarah, and Destination Legal came to be.

Tune in as we dive deep into Sarah’s story on how she went from law firm employee to globe-trotting business owner. Oh! We’ll also be discussing why you should stop neglecting your business legal rights, along with legal advice for anyone considering to protect their business.

“I really like getting intimate with the business. Feeling like I really know the ins and outs, and get to hang out with awesome business owners is super fun too.” – Sarah Waldbuesser

What you’ll learn in this episode:

  • Sarah’s memorable journey on building Destination Legal
  • Difference between Trademarks and Copyrights
  • Importance of Trademarking your business
  • Finding out when to register your business using the Gut Punch Test
  • Her Legal Advice on protecting your business

Links in this episode: 

More resources to help protect your business and make smarter decisions:

WANT MORE OF THE 100 DEGREES OF ENTREPRENEURSHIP PODCAST?

Follow me on Instagram: @stephanie.skry (Tag me in your screenshots of the podcast and I’ll be sure to share!)

Are you feeling stuck with what to do next to manage the money in your business?

Maybe you’ve logged into QuickBooks once or twice, but got instantly overwhelmed. Or you started to set revenue goals, but don’t know where to go from here. Maybe you simply know that managing your numbers is the right thing to do, but you don’t know what that actually means. Don’t worry, friend! I’ve got just the thing.

Managing Your Business Finances Like a CFO is my brand new 10 step checklist that will help you manage your business like a CFO without making it your full time job.

READY TO STEP OUTSIDE YOUR COMFORT ZONE AND MAKE A BIGGER IMPACT?

Click here to subscribe to the show so you don’t miss a thing!

Click here to read the full transcript.

Episode 67 How to Keep Your Business Running While Yourre On Vacation

Episode 67: How to Keep Your Business Running While You Are On Vacation

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As an entrepreneur, it’s easy to feel like you have to be working 24/7 in order to keep your business running. However, this doesn’t have to be the case! Though it can be hard to disconnect from our businesses, especially when we’re worried about what might happen.

The good news is, it is TOTALLY possible to have a successful business and take true vacations!

But just like everything else in business, you need to have plans and this means more than just finding someone to cover for you. There are 2 things that I like to invest on and help implement with my team – people and systems. Once you’ve got your A-team assembled, you’ll need a system that works even without you every step of the deal.

Here are 2 major things to invest in to keep your business running (even while you’re away on vacation):

1. Systems

One of the most important things to do in order to keep your business running smoothly while you’re on vacation is to have well-defined systems in place. It is by mapping out every step in your process and identifying which ones can be done with or without you. You can write it down and pinpoint parts that requires you and which ones are inefficient or duplicative. You can also find softwares that automates your processes, making it easier for your team to keep things running

2. People

Having a good team in place is very essential for any business. A strong team can help you keep things running smoothly, even when the owner or an employee is away. Hiring new people or restructuring the team can create more coverage and help to ensure that your business doesn’t grind to a halt. It’s important to have a team that is capable of filling in for each other when needed and can work together to keep things moving forward.

To learn more about how I took a vacation and what I’ve done so far to take time off my plate, make sure to listen to the podcast episode! I cover everything from systems and people to hiring and outsourcing. These tips will help you run your business smoothly while you’re on vacation or just taking some time off.

“We’d literally map out every little minute step and found the pieces that were super inefficient… whatever that might be. And then, we figured out a way to streamline and automate it.” – Stephanie Skryzowski

What you’ll learn in this episode:

  • How you can take a much needed vacation as an entrepreneur (without being on your phone/laptop all the time)
  • The two categories that you need to invest on and implement in your business to streamline the backend
  • Why you need to start mapping out your workflow
  • Questions to ask yourself when working on your company processes
  • The benefits of overhead hires and cross-training your team
  • Why taking a vacation can make you learn more about your business

Links in this episode: 

More resources to keep yourself team motivated & keep your business running smoothly:

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Follow me on Instagram: @stephanie.skry (Tag me in your screenshots of the podcast and I’ll be sure to share!)

Are you feeling stuck with what to do next to manage the money in your business?

Maybe you’ve logged into QuickBooks once or twice, but got instantly overwhelmed. Or you started to set revenue goals, but don’t know where to go from here. Maybe you simply know that managing your numbers is the right thing to do, but you don’t know what that actually means. Don’t worry, friend! I’ve got just the thing.

Managing Your Business Finances Like a CFO is my brand new 10 step checklist that will help you manage your business like a CFO without making it your full time job.

READY TO STEP OUTSIDE YOUR COMFORT ZONE AND MAKE A BIGGER IMPACT?

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Click here to read the full transcript.