Running a Profitable and Sustainable Business

26 Sep Running a Profitable and Sustainable Business

Posted at 22:40h in Company News by Angie Noll

Money is one of those topics that either excites you or makes you want to hide under the covers. As a small business owner, building a healthy relationship with your money not only empowers you, but helps you to create and grow a sustainable business.

On this podcast episode, Angie talks about running a profitable and sustainable business instead of “just getting by” and wondering where the cash is going.

In this episode, you’ll learn:

Always honor yourself first
The importance of having visibility and clarity to your financials
First steps to get organized and embrace your numbers
Growing from solopreneur to having a team
A walkthrough of the Profit First method
Understand the basic financial terms you face as an entrepreneur
The power of KPIs, measuring what you do and sharing it with your team
Find your business’ Sweet Spot

RESOURCES FROM THIS EPISODE

If your books are a mess and you need help but aren’t ready to work with a bookkeeper on an ongoing basis quite yet, Reconciled Solutions offers DIY packages that give you the chance to clean up your books, clear up your QuickBooks confusion, and get the support your growing business needs on its path to permanent profitability! Find out more about them here.

Also, if you want to get started with QuickBooks, you can find some great savings through this link for the first 6 months of service for new subscribers.

NOTEWORTHY QUOTES FROM THIS EPISODE

“We’ll not go any further than the ability to understand our financials. That is a base point in being an entrepreneur”

“We work best when we’re not anxiety-ridden and when we’re not based in fear. So, we have to make sure that we are comfortable as owners, because we’ve taken a lot of risk to go out on our own and leave the safe W2 job, and we just have to own that and respect ourselves first.”

“If you’re the only one seeing the numbers or knowing what the goals are. How can you be on the right path if you don’t know what you’re looking for?”

“Rich people aren’t always happy people. They’re messed up just like poor people. It might give you more options to know how you’re going to rearrange things. But in the end, the happiness comes from within.”

“I think that honoring yourself is the highest form of payment.”