Episode 56 Should You Take on Business Debt

Episode 56: Should You Take on Business Debt?

Should You Take on Business Debt featured blog post image for podcast episode 56

“Is it ever okay to take on debt in my business? Should I get a loan? Should I use a credit card in my business?”

A lot of financial gurus will say that any debt is bad, but I don’t believe that to be true. I wouldn’t be where I am today if I hadn’t gone to undergrad and grad school, and in order for me to do that, I needed to take on student loans.

Now, everybody has their own personal opinion on debt, and I’m not judging your decisions. I’m not here to tell you your way is right or wrong. After all, there is a time and a place for debt in your life and in your business.

But regardless of your approach when it comes to making these decisions, one thing’s for sure: WE NEED TO USE BUSINESS LOANS RESPONSIBLY.

In this episode, I share my thoughts on business debt and offer useful tips on how to use debt responsibly in your business.

“Overspending often leads to taking on debt with a false hope that this magical cash influx is going to change your habits and solve all of your problems.” – Stephanie Skryzowski

What you’ll learn in this episode:

  • Why debt is not all that bad
  • How to tell if you’re ready (or not ready) for business debt
  • Things you can do to lower the potential risks that come with business debt

More resources to help improve your finance habits:

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!)

You hear me talk all the time about how important it is to know your numbers as a business owner. But you may be thinking, well, how in the world do I do that? Where do I even begin? So, I have a free resource for you!

The Profit Playbook is an amazing template that you spend about 15 minutes getting it all set up. And you can literally see into the future of your business revenue, expenses, cash flow, just like a crystal ball. It is a huge resource that will absolutely help you create a roadmap to reach your goals in your business.

It’s FREE so make sure you download it now!

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 55 Growing Your Wealth Mindset with Natalie Bullen

Episode 55: Growing Your Wealth Mindset with Natalie Bullen

Growing Your Wealth Mindset with Natalie Bullen featured blog post image

If you’re looking to grow your wealth mindset, then you’ve got to hear about Natalie Bullen of Unapologetic Wealth.

Natalie is a financial advisor who has made the jump to full-time entrepreneur! So, you can bet your money that she can navigate her way around wealth and the mindset necessary to grow it. But first, here’s some juicy details about Natalie and how she’s serving entrepreneurs around the world…

Natalie Bullen is the CEO and Founder of Unapologetic Wealth, a coaching and consulting firm that helps women, especially women of color, step into the wealth that they deserve and desire. She also owns and leads Unapologetic Wealth Management, a soon to be financial advisory firm, where she works with people one-on-one as their financial planner – to actually give them the tactical steps to grow and protect their wealth. 

In this episode, we explore how to grow our wealth mindset and why it’s so important. Natalie shares her own story of becoming a full-time entrepreneur as well as tips on how to improve your wealth mindset. We also dive deep into what generational wealth is and why it’s important for business owners to start thinking about it.

There’s so much to unpack in this episode. Just SOOO much amazing insights on wealth, mindset, and business. You really don’t want to miss this!

“You should be wary of anybody who pitches themselves as like the magic bullet to your money.” – Natalie Bullen

What you’ll learn in this episode:

  • Natalie Bullen from financial advisor to full-time entrepreneur
  • The difference between financial advice vs accounting vs bookkeeping
  • Why being rich is a lot like getting married
  • Tips on how to improve your wealth mindset
  • Exploring how we feel about money growing up
  • What is generational wealth
  • How can we start thinking about generational wealth as business owners
  • Why getting yourself insured and setting up your will is vital for protecting and growing your generational wealth
  • Natalie’s marketing strategy and how to emulate it

Links mentioned in this episode:

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!)

You hear me talk all the time about how important it is to know your numbers as a business owner. But you may be thinking, well, how in the world do I do that? Where do I even begin? So, I have a free resource for you!

The Profit Playbook is an amazing template that you spend about 15 minutes getting it all set up. And you can literally see into the future of your business revenue, expenses, cash flow, just like a crystal ball. It is a huge resource that will absolutely help you create a roadmap to reach your goals in your business.

It’s FREE so make sure you download it now!

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 54 How to Handle Failure in Business

Episode 54: How to Handle Failure in Business

Episode 54 How to Handle Failure in Business featured blog post image

Everybody wants to give us advice on how to succeed, but rarely do we get taught how to handle failure in business. And I think, this is where most entrepreneurs end up quitting. They’re quitting their business because they don’t know how to handle failure and they opt for the next non-business adventure.

And really, it’s a shame because failure isn’t the end. It is a new beginning and if you choose to frame it that way, you’re going to find success in any situation.

Successful entrepreneurs don’t succeed in spite of failing, but rather, they succeed because they have failed in their past ventures. Failing helped them learn what needed to be done better, what needed to be adjusted, and kept going.

And that’s the thing! A lot of times when we think we’re failing, but it’s mostly because we’re measuring ourselves against someone else’s success.

PSA: OTHER PEOPLE’S METRICS ARE IRRELEVANT TO YOU. THE MOST IMPORTANT MEASURING STICK TO USE IS YOUR OWN.

So, how can we fail better? How can we be mindful when faced with situations that make us want to give up completely?

Join me in this episode, as I share my insight on how to handle failure in business!

Let’s talk about how a CFO can help you understand industry benchmarks and apply it in your own business or organization.

“A lot of times when we think we’re failing, it’s only because we’re measuring ourselves against someone else’s success.” – Stephanie Skryzowski

What you’ll learn in this episode:

  • Why you need to focus on your own metrics
  • How a CFO can help you understand your metrics for better outcomes
  • Why failing isn’t as bad as you think it is

Links mentioned in this episode:

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!)

You hear me talk all the time about how important it is to know your numbers as a business owner. But you may be thinking, well, how in the world do I do that? Where do I even begin? So, I have a free resource for you!

The Profit Playbook is an amazing template that you spend about 15 minutes getting it all set up. And you can literally see into the future of your business revenue, expenses, cash flow, just like a crystal ball. It is a huge resource that will absolutely help you create a roadmap to reach your goals in your business.

It’s FREE so make sure you download it now!

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.

EP 53 IG Post 1

Episode 53: Using Intuition & Numbers to Make Decisions with Shay Brown | Bucketlist Bombshells

Episode 53 Using Intuition & Numbers to Make Decisions with Shay Brown Bucketlist Bombshells featured blog post image

As entrepreneurs, we often find ourselves in situations where our intuition is saying something LOUD and CLEAR, but our brain will try to rationalize or overthink scenarios to the point of second-guessing ourselves. This is especially true for entrepreneurs who are new to being at the helm of their businesses. After all, there’s just some things we have to learn through real life experience, right?

So, how do you find that sweet spot? You know, where you listen to your gut without giving your brain a panic attack?

PAIR YOUR INTUITION WITH FORECASTING!


That’s right! You can forecast and make reasonably accurate predictions to help you  make bold, yet calculated moves. And it only takes a little bit of effort and some math (yes, MATH… there, I said it) to get you there.

Joining me in this episode to share her thoughts on intuition, numbers, and getting things done is my dear friend and fellow entrepreneur, Shay Brown from The Bucketlist Bombshells.

Shay Brown is the Co-founder and Chief Operations Officer at Bucketlist Bombshells. Shay has a degree in entrepreneurship, a knack for business operations, sales strategy and mentorship. So, it’s no surprise her passion for women starting their own companies is what gets her out of bed every morning and ready to work!

Now, Bucketlist Bombshells is a multi-million dollar business education company, where Shay and her Business Partner and Co-founder – Cassie Torrecillas are business strategists and educators for the next generation of female entrepreneurs.

Together, they teach and support more than 100,000 women around the world with foundational skills + provide them with a roadmap to success. That’s because Shay and Cassie believe that a career designed to prioritize joy, adventure, and purpose is achievable for all women without sacrificing financial stability.

Now, who would have thought that these two Millennials would trade traveling the world on a backpackers budget for a global success story? And all from a laptop in the corner of a coffee shop?! 

Seriously, this was such an amazing conversation full of golden nuggets!

So, make sure you tune in to learn all about Shay Brown’s thoughts on entrepreneurship, how to use intuition and numbers to make decisions, why forecasting is an indispensable tool and how it can help perfectionists get unstuck.

“Forecasting are reasonable assumptions. I can reasonably assume that I will hit these profit targets, because this is based on historical data.” – Shay Brown

What you’ll learn in this episode:

  • Shay Brown shares the Bucketlist Bombshells origin story
  • Forecasting tips for recovering perfectionists
  • How to use your historical data to reasonably peer into the future
  • Understanding your season: growth vs stability

Links mentioned in this episode:

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!)

You hear me talk all the time about how important it is to know your numbers as a business owner. But you may be thinking, well, how in the world do I do that? Where do I even begin? So, I have a free resource for you!

The Profit Playbook is an amazing template that you spend about 15 minutes getting it all set up. And you can literally see into the future of your business revenue, expenses, cash flow, just like a crystal ball. It is a huge resource that will absolutely help you create a roadmap to reach your goals in your business.

It’s FREE so make sure you download it now!

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.

The Best Morning and Afternoon Routines for Ease and Efficiency

Episode 52: The Best Morning and Afternoon Routines for Ease and Efficiency

The Best Morning and Afternoon Routines for Ease and Efficiency featured blog post image

I’ve been getting this question lately, and so I felt compelled to share my daily routine for ease and efficiency!

As an Enneagram 3 (and a Capricorn at that!), routine and plans are my love language. I love it when my mind is clear on the objective and my steps are all meticulously laid out for maximum efficiency.

But anyone with a small child would agree that it’s quite a miracle to actually go through a perfectly planned routine! Like, it’s almost as if they have a sixth sense that fires up when you’re trying to do something without them.

I used to be the person who wakes up at 5AM, meditate, and have my cup of tea in peace. In my ideal world, that would be how my mornings would play out. That has not been the case recently and I felt like it’s important that we talked about these things simply because there seems to be this misconception that if you don’t have a productive morning routine, then you’re lazy and the day is wasted.

I know, I know. I need to make time or else I’m never going to do it, but that’s just not possible for a lot of people in lots of different reasons and phases in their life.

And so, I wanted to share this episode to give you a sneak peek into how I go about my day and all the routines that worked best + stuck with me the most!

Mornings:

  1. Wake up before my kids.
  2. Do some journaling / reading.
  3. Don’t touch my phone.

Afternoons (also my end of the workday):

  1. Try and not schedule meetings until the very last minute of my workday.
  2. Do a final scan of my email and file things away that don’t require my immediate attention.
  3. Check off anything that got done for the day and update due dates, if neeeded.
  4. Tidy up my desk.

Building my business and working from home has been one of the most liberating decisions I’ve made in my life, but it also comes with its own learning moments.

Here are some of the things I’ve learned about routines (and how to do it with ease and efficiency):

  • You can build a routine, but that doesn’t mean you’ll be able to follow it perfectly every day.
  • Just because you’re not following your routine one day doesn’t mean it’s wasted and you should feel bad about yourself.
  • Routine is something we can work on later down the road, when children get older. And so it’s worth it to not stress about getting one in place today.
  • There are only so many hours in the day and having a routine means you can maximize your time better.
  • The longer you work at something, the easier it becomes.
  • Building routine is a marathon and not a sprint!
  • We have to give ourselves grace for building routine because it takes time to adjust to anything new that comes into our lives.
  • Let go of perfectionism, but focus more on progression.

I hope this episode is helpful for those of you who struggle with building a routine with ease and efficiency! I promise it gets easier with each passing year, but it does require a lot of patience.

If this episode resonated with you at all, go ahead and leave a comment below, or follow me on Instagram and let’s chat!

“Try to be consistent with your morning process and you will go into the day feeling so much lighter and just feeling a lot more at ease.”

– Stephanie Skryzowski

What you’ll learn in this episode:

  • What I do to have an easy and efficient morning
  • Some of the things I avoid doing to make my days less stressful

Links mentioned in this episode:

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!)

You hear me talk all the time about how important it is to know your numbers as a business owner. But you may be thinking, well, how in the world do I do that? Where do I even begin? So, I have a free resource for you!

The Profit Playbook is an amazing template that you spend about 15 minutes getting it all set up. And you can literally see into the future of your business revenue, expenses, cash flow, just like a crystal ball. It is a huge resource that will absolutely help you create a roadmap to reach your goals in your business.

It’s FREE so make sure you download it now!

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.

Ep 51 Laura Murphy Guest Episode From 100 Hour Work Weeks to 20 Hour Work Weeks with Laura Murphy

Episode 51: From 100 Hour Work Weeks to 20 Hour Work Weeks with Laura Murphy

From 100 Hour Work Weeks to 20 Hour Work Weeks with Laura Murphy featured blog post image

Are you struggling to get your business organized? Are you working long hours, but not seeing the results you want? Do you know the ins and outs of your processes? Or are you on the brink of burnout from working way too much, way too fast – ALL THE TIME?

“I thought becoming an entrepreneur, starting and running a business would lead me to freedom. This is not what I signed up for!”

Yeah… we get it, friend.

In fact, there are a lot of small business owners out there who are in the exact same boat. (I’ve been there and it was not fun. 10/10 do not recommend).

And so, I wanted us to share a conversation with an expert who understands the common denominator when it comes to healthy and successful businesses – and those are great workflows and systems.

Joining me in this episode is my good friend, Laura Murphy.

Laura is a multi-passionate serial entrepreneur and is the founder of Laura Lee Creative, a creative business consultancy. She helps entrepreneurs and creatives to identify their passions, define their goals and create effective workflows & systems that will enable them to live a life on their own terms.

Laura breaks it down for us today, sharing just how vital workflow systems are for business owners and how it can help visionaries work less, but achieve more!

“What is the point of being an entrepreneur, if you don’t have freedom or you are running yourself into the ground?”

– Laura Murphy

What you’ll learn in this episode:

  • Laura Murphy shares her entrepreneurial journey (and how she branched out to doing systems and coaching)
  • Why you need to start building out your standard operating procedures
  • Overcoming the overwhelm through efficient outsourcing
  • What to do to get your workflows more streamlined
  • A Brief Intro to the 4 S System by Laura Murphy
  • Breaking the unhealthy cycle of the hustle and grind culture
  • Journaling and how it can help guide you through your emotions

Links mentioned in this episode:

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!)

You hear me talk all the time about how important it is to know your numbers as a business owner. But you may be thinking, well, how in the world do I do that? Where do I even begin? So, I have a free resource for you!

The Profit Playbook is an amazing template that you spend about 15 minutes getting it all set up. And you can literally see into the future of your business revenue, expenses, cash flow, just like a crystal ball. It is a huge resource that will absolutely help you create a roadmap to reach your goals in your business.

It’s FREE so make sure you download it now!

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.

Ep 50 Social Graphic 2

Episode 50: How to Efficiently Share Financial Info with Your Team

share financial information with your team how to do it the right way featured blog post image

Recently, I spoke with Ellen Yin and she shared the magnificent effects of being transparent in how she’s running her business. That means Ellen consistently and intentionally shares how much she spends, makes, and gives away with everyone. Ellen says that she did this in order to give her audience a realistic view on how a business makes and can spend revenue.

Now, I’m not really comfortable with sharing it with my audience, but what I do want to discuss today is how much it can benefit your business when you’re sharing your numbers with your team. 

How so? Well, it makes your team feel more connected and invested with your business. It gives them the opportunity to see ahead and show them how their contributions are moving the business forward.

This is not to say that you’re going to be sharing financial information like your checking account number or the pin to your accounts… NO! That’s not… literally, don’t do that, okay?!

In this episode, we’re going to talk about how you can share your numbers in a way that makes sense for key team members and help them understand what’s happening at any given point in time. 

I’m really excited to have this conversation with you today, so I highly recommend that you tune in, because I know it will help us all get better at communicating our numbers effectively with our team!

“When you’re more transparent with your financials, you’re going to get a greater sense of ownership from the team.”

– Stephanie Skryzowski

What you’ll learn in this episode:

  • Understanding WHO needs to know your business numbers
  • Think about WHAT numbers you’re going to share
  • WHEN should you be sharing financial information with your team
  • Figuring out HOW to share financial information effectively

Links mentioned in this episode:

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!)

You hear me talk all the time about how important it is to know your numbers as a business owner. But you may be thinking, well, how in the world do I do that? Where do I even begin? So, I have a free resource for you!

The Profit Playbook is an amazing template that you spend about 15 minutes getting it all set up. And you can literally see into the future of your business revenue, expenses, cash flow, just like a crystal ball. It is a huge resource that will absolutely help you create a roadmap to reach your goals in your business.

It’s FREE so make sure you download it now!

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.

Ep 49 Social Graphic 1

Episode 49: How to Cut Through Digital Marketing Overwhelm with Dana Snyder

dana snyder on how to cut through digital marketing overwhelm featured blog post image for episode 49

Digital marketing can be challenging and frustrating because it’s constantly changing and evolving.

You have Facebook, Instagram, TikTok, Twitter, Reddit. Sooo many platforms to choose from and so many unexpected variables to watch out for. You’ve got bug fixes, interface updates, new rules, and the ever shifting algorithm to keep up with. Just when you thought you got it figured out… BAM! Something new. So, it’s not a stretch to say that even the most seasoned nonprofit marketer can get overwhelmed with all this!

But, hey! Just because digital marketing is not particularly easy, doesn’t mean that you should avoid it. There are still plenty of ways for nonprofits to cut through the noise and learn how to use digital marketing effectively without being forced to use ALL of the marketing platforms all at once.

And this is exactly what our featured guest, Dana Snyder, will talk about on the show today!

Dana is an entrepreneur, digital strategist, and passionate conscious consumer. She founded her digital marketing agency, Positive Equation in 2017. Positive Equation helps nonprofit organizations harness the power of digital marketing to raise more funds and contribute to making the world an exponentially better place. Dana has been a featured speaker at We Are For Good, WISE Los Angeles, YNPN, Television Academy Foundation, Nonprofit Web Advisor, Sprout Social, Givebutter, Dress For Success, and MANY more.

So, join us in this episode, as Dana shares her innovative and refreshing insight on how nonprofits can boost their fundraising efforts, how to cut through digital marketing overwhelm, and why you don’t necessarily need to be on ALL the social media platforms to grow your impact.

“You don’t want to be throwing spaghetti on the wall, you want to know strategically what social media content and metrics are going to align with your business goals, so that you’re focusing and you’re putting that spend in the right buckets, and focusing on the right platforms and tools.” – Dana Snyder

What you’ll learn in this episode:

  • How Dana Snyder started her digital marketing career
  • What goes into a digital marketing budget?
  • Online events, what’s good and what works
  • Would digital marketing for nonprofits also work for small businesses?
  • Top social media platforms and how to leverage them

Links mentioned in this episode:

More episodes like this:

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!)

You hear me talk all the time about how important it is to know your numbers as a business owner. But you may be thinking, well, how in the world do I do that? Where do I even begin? So, I have a free resource for you!

The Profit Playbook is an amazing template that you spend about 15 minutes getting it all set up. And you can literally see into the future of your business revenue, expenses, cash flow, just like a crystal ball. It is a huge resource that will absolutely help you create a roadmap to reach your goals in your business.

It’s FREE so make sure you download it now!

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.

Ep 48 IG Post 2 1

Episode 48: 5 Money Mindset and Management Book Recommendations

5 Money Mindset and Management Book Recommendations blog post featured image for episode 48

Are you looking for some life-altering money mindset and management books to uplevel your personal life and career in 2022? Say no more because I got you, friend! In fact, reading, talking about books, and sharing my to-read list is one of my simple pleasures in life. So, consider me your book connoisseur of the day! (beaming with excitement)

Ah, but don’t worry! I’m not going to recommend a whole library to read over the weekend. I’ll start you off with a manageable list of 5 and you can tell me what you think after? (wink)

So, these 5 books I’m recommending were written by people who have had great successes in their lives, but have also struggled along the way and persevered despite their circumstances. And I don’t know about you, but reading books from people like Rachel Rogers make me feel seen and my own experiences feel validated. Like, I can’t think of a better teacher than someone who knows what it’s like not having enough time or not having enough energy or not having enough motivation or any of those things AND SUCCEED.

So, just a heads up, the books I’m talking about today are:

    1. We Should All Be Millionaires by Rachel Rogers
    2. The Big Leap by Gay Hendricks
    3. Dare to Lead by Brene Brown
    4. Profit First by Mike Michalowicz
    5. I Will Teach You to Be Rich by Ramit Sethi

I love these books, so much so that I’ve even read some of them more than once. But also because revisiting them from time to time has helped me analyze lessons past with a fresh perspective!

Trust me, these babies (the books!) are a total game-changer. You’re going to learn so much about yourself as well as how you can manage your finances in a more effective way, so that you can get the most out of life while still staying true to your passion and purpose.

Sound good? You ready for this? Let’s get to it then!

“None of these books I’m recommending are about becoming rich for the sake of being rich. It’s about how to use your money & your financial management to really have not just wealth, but also more abundance & joy in your life.” – Stephanie Skryzowski

What you’ll learn in this episode:

  • The 5 money mindset and management books that will change your life
  • Why I highly recommend these money and mindset books to everyone I know

Links mentioned in this episode:

More great money management-themed articles from 100 Degrees Consulting:

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!)

You hear me talk all the time about how important it is to know your numbers as a business owner. But you may be thinking, well, how in the world do I do that? Where do I even begin? So, I have a free resource for you!

The Profit Playbook is an amazing template that you spend about 15 minutes getting it all set up. And you can literally see into the future of your business revenue, expenses, cash flow, just like a crystal ball. It is a huge resource that will absolutely help you create a roadmap to reach your goals in your business.

It’s FREE so make sure you download it now!

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 47 My Hot Take on Profit First

Episode 47: My Hot Take on Profit First

Episode 47 My Hot Take on Profit First featured blog post image

Ever heard of Profit First by Mike Michalowicz? It’s a great resource for people who want to… (leans closer) GET PAID while running their business! However, if you’re like most small business owners, you probably think of profit as something that comes after expenses have been set aside. And that’s not a good practice to bring into this fresh year.

Do we need to make sacrifices to keep our business running? Yes, running a business does take a certain amount of sacrifice, but constantly placing yourself at the bottom of YOUR list will only lead to resentment and burnout.

So, what can we do about this? How do you make profit a part of your everyday business?

Well, what if there was a way to make it so that you could actually see how much money you were making every day? That’s where Profit First comes in!

Join me in this episode as I share all I know about Profit First: its core principles, how to implement it in your business, what I love about it + what I don’t particularly love, along with some real-world applications to get you more confident in your numbers this 2022.

“Work expands to the time that you’re given, the same thing is true with money. Your business expenses are going to expand to the amount that you give them.” – Stephanie Skryzowski

What you’ll learn in this episode:

  • The core principles of Profit First
  • How we use some of these principles in our business
  • What I think are the pros and cons of using Profit First
  • Practical applications of Profit First and the Profit Playbook

Links mentioned in this episode:

More great reads from 100 Degrees Consulting:

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!)

You hear me talk all the time about how important it is to know your numbers as a business owner. But you may be thinking, well, how in the world do I do that? Where do I even begin? So, I have a free resource for you!

The Profit Playbook is an amazing template that you spend about 15 minutes getting it all set up. And you can literally see into the future of your business revenue, expenses, cash flow, just like a crystal ball. It is a huge resource that will absolutely help you create a roadmap to reach your goals in your business.

It’s FREE so make sure you download it now!

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.