The Financial Coach Academy® Podcast

62. Financial Coaching for Small Business Owners: Achieving Financial Clarity


Listen Later

Are you tired of seeing small business owners struggle to pay themselves consistently? As a financial coach, it's crucial to provide practical, real-world advice that goes beyond manifestation fluff and the hyper-focus on making money.

Instead, the key is to help your clients understand their business finances and create a clear separation between their business and personal expenses.

Introducing this concept early in the coaching process with business owner clients is essential. By separating business and personal finances, you can provide clarity on the business's financial situation and offer more specific strategies and coaching. Something I walk through, step by step, in this week’s video.

Getting into the mind of your client is crucial. Business owners often express challenges like not having enough clients or needing to control spending, but the actual problem may be unclear due to the commingling of business and personal finances.

By following a three-step process, which you’ll learn here, you can help your clients gain a foundational understanding of their business and strategize solutions.

Links & Resources:

  • Episode 47 - Navigating the Client Journey
  • Cashflow Planning and Control for Small Business Owners - scroll to the bottom
  • Episode 39 - Your Financial Crystal Ball: The Plan Ahead Method
  • 90-day Financial Coaching Program Toolkit


...more
View all episodesView all episodes
Download on the App Store

The Financial Coach Academy® PodcastBy Kelsa Dickey

  • 5
  • 5
  • 5
  • 5
  • 5

5

101 ratings


More shows like The Financial Coach Academy® Podcast

View all
The Ramsey Show by Ramsey Network

The Ramsey Show

39,044 Listeners

Money Guy Show by Brian Preston and Bo Hanson

Money Guy Show

3,220 Listeners

The EntreLeadership Podcast by Ramsey Network

The EntreLeadership Podcast

4,402 Listeners

Get Your Hopes Up with Christy Wright by Christy Wright

Get Your Hopes Up with Christy Wright

2,196 Listeners

THE ED MYLETT SHOW by Ed Mylett | Cumulus Podcast Network

THE ED MYLETT SHOW

14,031 Listeners

ChooseFI by ChooseFI

ChooseFI

5,146 Listeners

She's Equipt with Jennifer Allwood | The Christian Business Coach for Women by Jennifer Allwood: Christian Business Coach

She's Equipt with Jennifer Allwood | The Christian Business Coach for Women

1,905 Listeners

Front Row Seat with Ken Coleman by Ramsey Network

Front Row Seat with Ken Coleman

2,591 Listeners

BiggerPockets Money Podcast by BiggerPockets

BiggerPockets Money Podcast

3,081 Listeners

The Rachel Cruze Show by Ramsey Network

The Rachel Cruze Show

3,745 Listeners

The Personal Finance Podcast by Andrew Giancola

The Personal Finance Podcast

1,409 Listeners

Money Rehab with Nicole Lapin by Money News Network

Money Rehab with Nicole Lapin

1,646 Listeners

Money For Couples with Ramit Sethi by Ramit Sethi

Money For Couples with Ramit Sethi

3,408 Listeners

Financial Coaching for Women: How To Budget, Manage Money, Pay Off Debt, Save Money, Paycheck Plans by Vanessa and Shana | Budget Besties | Bougie On A Budget | Dave Ramsey Fans

Financial Coaching for Women: How To Budget, Manage Money, Pay Off Debt, Save Money, Paycheck Plans

277 Listeners

The Financial Coaches Podcast by Maria Casillas and Cody Sizemore

The Financial Coaches Podcast

32 Listeners