Badass Business Owners: Tips for Small Businesses Serving their Communities

Understanding Your Profit and Loss Statement

In today's episode: The cornerstone of knowing your business numbers begins with your business report card – Your Profit & Loss Statement. It is important that you know some of the key areas you should be looking at each month. Let's walk through a typical P & L statement and how you can use to understand your profitability. Increase Your Profits by Understanding Your Business Numbers

QUOTE OF THE WEEK: "Fears are nothing more than a state of mind" – Napoleon Hill

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The Local Small Business Coach Podcast is for Local Small Business Owners who are tired of living job to job and want to get to $100,000 in personal income. Each episode we discuss how to increase your profits, boost your sales, improve your processes and develop stronger teams.

HELPFUL LINKS

• Youtube Channel – Training for Local Small Business Owners
• Join the Badass Local Small Business Owners Facebook Group!
• Leave a Question, Show Suggestion/Idea for the Show: Ask a Question
• Email me at [email protected]
• Visit the Local Small Business Coach website
• Thinking of Getting a Coach? Check out my work with me page
• Get Your FREE eBook -8 Steps to Increasing Your Profits in Your Local Small Business

WHO THIS PODCAST IS FOR:

local small business owners, mobile businesses, brick and mortar businesses, handymen, landscapers, pool cleaners, cleaning services, QSRs, restaurant owners, mechanics, plumbers, real estate agents, dog groomers, franchisees, tradesmen, medical, dentist, insurance, & those looking to increase profits, boost sales, improve processes and develop stronger teams

4 Fears Holding You Back | Fear of Failure | Fear of Success | Fear of Finding Out | Fear of Looking Stupid

In today's episode: We take a look at 4 common fears that prevent people from taking the next steps in their business. Not everything is a fear of failure. While yes, it is a common one, it isn't the only one that holds people back. Let's take a look at a few others tend to hold folks back.

QUOTE OF THE WEEK: "Fears are nothing more than a state of mind" – Napoleon Hill

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The Local Small Business Coach Podcast is for Local Small Business Owners who are tired of living job to job and want to get to $100,000 in personal income. Each episode we discuss how to increase your profits, boost your sales, improve your processes and develop stronger teams.

HELPFUL LINKS

Youtube Channel – Training for Local Small Business Owners

• Join the Badass Local Small Business Owners Facebook Group!
• Leave a Question, Show Suggestion/Idea for the Show: Ask a Question
• Email me at [email protected]
• Visit the Local Small Business Coach website
• Thinking of Getting a Coach? Check out my work with me page
• Get Your FREE eBook -8 Steps to Increasing Your Profits in Your Local Small Business

WHO THIS PODCAST IS FOR:

local small business owners, mobile businesses, brick and mortar businesses, handymen, landscapers, pool cleaners, cleaning services, QSRs, restaurant owners, mechanics, plumbers, real estate agents, dog groomers, franchisees, tradesmen, medical, dentist, insurance, & those looking to increase profits, boost sales, improve processes and develop stronger teams

What is Your Business's Breakeven Point?

EPISODE 251 of The Local Small Business Coach Podcast

In today's episode: Do you know what your sales need to be to Breakeven? If you are like most business owners, you don't. However, this is one of the most important numbers you need to know. Especially if you have a seasonal business. Your Breakeven point is where the sales you produce allow you to pay for your cost of goods plus any expenses you have. Let's take a deeper dive to help you understand this number and how to calculate it. The video that is referenced can be found at https://youtu.be/MvpaSYxIak0

QUOTE OF THE WEEK: "Life is a succession of lessons which must be lived to be understood" – Ralph Waldo Emmerson

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The Local Small Business Coach Podcast is for Local Small Business Owners who are tired of living job to job and want to get to $100,000 in personal income. Each episode we discuss how to increase your profits, boost your sales, improve your processes and develop stronger teams.

HELPFUL LINKS

• Check Out Training Videos on Youtube Channel – Training for Local Small Business Owners
• Leave a Question, Show Suggestion/Idea for the Show: Ask a Question
• Email me at [email protected]
• Join the Badass Local Small Business Owners Facebook Group!
• Visit the Local Small Business Coach website
• Thinking of Getting a Coach? Check out my work with me page
• Get Your FREE eBook -8 Steps to Increasing Your Profits in Your Local Small Business

WHO THIS PODCAST IS FOR:

local small business owners, mobile businesses, brick and mortar businesses, handymen, landscapers, pool cleaners, cleaning services, QSRs, restaurant owners, mechanics, plumbers, real estate agents, dog groomers, franchisees, tradesmen, medical, dentist, insurance, & those looking to increase profits, boost sales, improve processes and develop stronger teams

9 Lessons I Learned from My Ice Cream Shop

EPISODE 250 of The Local Small Business Coach Podcast

In today's episode: Lessons to Share from My Business to Yours | Going from Corporate American to Local Business Owner was an interesting transition. During my 5 years of owning my ice cream shop, I learned a few things that every future small business owner making the transition, will probably learn as well.

QUOTE OF THE WEEK: "Life is a succession of lessons which must be lived to be understood" – Ralph Waldo Emmerson

~~~~

The Local Small Business Coach Podcast is for Local Small Business Owners who are tired of living job to job and want to get to $100,000 in personal income. Each episode we discuss how to increase your profits, boost your sales, improve your processes and develop stronger teams.

HELPFUL LINKS

• Check Out Training Videos on Youtube Channel – Training for Local Small Business Owners
• Leave a Question, Show Suggestion/Idea for the Show: Ask a Question
• Email me at [email protected]
• Join the Badass Local Small Business Owners Facebook Group!
• Visit the Local Small Business Coach website
• Thinking of Getting a Coach? Check out my work with me page
• Get Your FREE eBook -8 Steps to Increasing Your Profits in Your Local Small Business

WHO THIS PODCAST IS FOR:

local small business owners, mobile businesses, brick and mortar businesses, handymen, landscapers, pool cleaners, cleaning services, QSRs, restaurant owners, mechanics, plumbers, real estate agents, dog groomers, franchisees, tradesmen, medical, dentist, insurance, & those looking to increase profits, boost sales, improve processes and develop stronger teams

How to Find Money Laying Around

EPISODE 249 of The Local Small Business Coach Podcast

In today's episode: How to Find Money Laying Around | Time for You to Address the Inventory You Are Sitting On – One area that many business owners fail to realize is keeping them cash poor is the inventory that they are sitting on. Product that is sitting on shelves, in boxes in a bedroom, out in the shed or garage or even a storage locker is money sitting there that could be better spent in the business. Let's discuss how you can find some cash to invest in your business.

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The Local Small Business Coach Podcast is for Local Small Business Owners who are tired of living job to job and want to get to $100,000 in personal income. Each episode we discuss how to increase your profits, boost your sales, improve your processes and develop stronger teams.

HELPFUL LINKS

• Check Out Training Videos on Youtube Channel – Training for Local Small Business Owners
• Leave a Question, Show Suggestion/Idea for the Show: Ask a Question
• Email me at [email protected]
• Join the Badass Local Small Business Owners Facebook Group!
• Visit the Local Small Business Coach website
• Thinking of Getting a Coach? Check out my work with me page
• Get Your FREE eBook -8 Steps to Increasing Your Profits in Your Local Small Business

WHO THIS PODCAST IS FOR:

local small business owners, mobile businesses, brick and mortar businesses, handymen, landscapers, pool cleaners, cleaning services, QSRs, restaurant owners, mechanics, plumbers, real estate agents, dog groomers, franchisees, tradesmen, medical, dentist, insurance, & those looking to increase profits, boost sales, improve processes and develop stronger teams

Having Boundaries for Family Owned Businesses

EPISODE 248 of The Local Small Business Coach Podcast

In today's episode: Having Boundaries for Family Owned Businesses | Why Most Family Businesses Struggle & Fail – I'll share with you a recent email I received from a business owner who is struggling with his family business and we will go over why having boundaries are key to success. We will also discuss why having a mission/vision will be crucial as you pass down the business through the generations.

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The Local Small Business Coach Podcast is for Local Small Business Owners who are tired of living job to job and want to get to $100,000 in personal income. Each episode we discuss how to increase your profits, boost your sales, improve your processes and develop stronger teams.

HELPFUL LINKS

• Check Out Training Videos on Youtube Channel – Training for Local Small Business Owners
• Leave a Question, Show Suggestion/Idea for the Show: Ask a Question
• Email me at [email protected]
• Join the Badass Local Small Business Owners Facebook Group!
• Visit the Local Small Business Coach website
• Thinking of Getting a Coach? Check out my work with me page
• Get Your FREE eBook -8 Steps to Increasing Your Profits in Your Local Small Business

WHO THIS PODCAST IS FOR:

local small business owners, mobile businesses, brick and mortar businesses, handymen, landscapers, pool cleaners, cleaning services, QSRs, restaurant owners, mechanics, plumbers, real estate agents, dog groomers, franchisees, tradesmen, medical, dentist, insurance, & those looking to increase profits, boost sales, improve processes and develop stronger teams

Find a Need and Fill It!

EPISODE 247 of The Local Small Business Coach Podcast

In today's episode: What Local Small Business Does Your Community Need? Our communities have needs all the time. Maybe yours is like mine, in desperate need of a mover? Or maybe a handyman that specializes in manufactured homes? Maybe someone that focuses on 55+ communities. There is a need in your community, and you have the ability to solve it. This is the best way for you to grow your business!

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The Local Small Business Coach Podcast is for Local Small Business Owners who are tired of living job to job and want to get to $100,000 in personal income. Each episode we discuss how to increase your profits, boost your sales, improve your processes and develop stronger teams.

HELPFUL LINKS

• Check Out Training Videos on Youtube Channel – Training for Local Small Business Owners
• Leave a Question, Show Suggestion/Idea for the Show: Ask a Question
• Email me at [email protected]
• Join the Badass Local Small Business Owners Facebook Group!
• Website
• Thinking of Getting a Coach? Check out my work with me page
• Get Your FREE eBook -8 Steps to Increasing Your Profits in Your Local Small Business

WHO THIS PODCAST IS FOR:

local small business owners, mobile businesses, brick and mortar businesses, handymen, landscapers, pool cleaners, cleaning services, QSRs, restaurant owners, mechanics, plumbers, real estate agents, dog groomers, franchisees, tradesmen, medical, dentist, insurance, & those looking to increase profits, boost sales, improve processes and develop stronger teams

Markup vs Margin - Why Your Local Small Business Might Be Missing Your Margin Goal

EPISODE 246 of The Local Small Business Coach Podcast

In today's episode: Markup vs Margin - Why Your Local Small Business Might Be Missing Your Margin Goal

When making pricing decisions for your products or services, do you tend to assign a dollar amount to the costs to determine how much you plan to mark them up or do you have a certain percentage that you use?

A big mistake that some business owners make is they price purely off a dollar markup they want. However, the important thing is knowing your margin % and how much you make on each product or service. After all, your profit and loss statement is based off percent of sales, so should your profit.

Let's take a deeper dive into how you might be confusing markup and margin and costing yourself profits!

Calculation Found in the Episode:

Markup %: Profit divided by Costs

Margin %: Profit divided by Sales

Click to View the YouTube Training Video Markup vs Margin

QUOTE OF THE WEEK: "I like businesses with great margin" – Warren Buffet

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The Local Small Business Coach Podcast is for Local Small Business Owners who are tired of living job to job and want to get to $100,000 in personal income. Each episode we discuss how to increase your profits, boost your sales, improve your processes and develop stronger teams.

HELPFUL LINKS

• Check Out Training Videos on Youtube Channel – Training for Local Small Business Owners
• Leave a Question, Show Suggestion/Idea for the Show: Ask a Question
• Email me at [email protected]
• Join the Badass Local Small Business Owners Facebook Group!
• Website
• Thinking of Getting a Coach? Check out my work with me page
• Get Your FREE eBook -8 Steps to Increasing Your Profits in Your Local Small Business

WHO THIS PODCAST IS FOR:

local small business owners, mobile businesses, brick and mortar businesses, handymen, landscapers, pool cleaners, cleaning services, QSRs, restaurant owners, mechanics, plumbers, real estate agents, dog groomers, franchisees, tradesmen, medical, dentist, insurance, & those looking to increase profits, boost sales, improve processes and develop stronger teams

BONUS EPISODE: You Don't Have to Be Alone!

Even Badass Business Owners have times in their business where they feel they have no one to turn to, no one that will understand. That isn't true. There are others going through what you are right now. I encourage you to reach out to me if you need.

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The Local Small Business Coach Podcast is for Local Small Business Owners who are tired of living job to job and want to get to $100,000 in personal income. Each episode we discuss how to increase your profits, boost your sales, improve your processes and develop stronger teams.

HELPFUL LINKS

• Leave a Question, Show Suggestion/Idea for the Show: Ask a Question
• Email me at [email protected]
• Join the Badass Local Small Business Owners Facebook Group!
• Website/Training Materials
• Thinking of Getting a Coach? Check out my work with me page
• Get Your FREE eBook -8 Steps to Increasing Your Profits in Your Local Small Business
• Check Out Videos on Youtube Channel:

WHO THIS PODCAST IS FOR:

local small business owners, mobile businesses, brick and mortar businesses, handymen, landscapers, pool cleaners, cleaning services, QSRs, restaurant owners, mechanics, plumbers, real estate agents, dog groomers, franchisees, tradesmen, medical, dentist, insurance, & those looking to increase profits, boost sales, improve processes and develop stronger teams

EPISODE 245 of The Local Small Business Coach Podcast

WHY DO YOU DO WHAT YOU DO?

In today's episode: Are You a Badass Business Owner? Of Course You Are! Badass Business Owners Do What it Takes to Build Their Dream. They get knocked down, they get back up. They identify the worst case scenario but focus on the possibilities. They have a can do attitude that pushes them forward to create something amazing. They dig deep and find their power when they need it. Are You a Badass Business Owner? Take a Listen and Determine for Yourself!

QUOTE OF THE WEEK: "I Got My Own Back" - Maya Angelou & "When People Ask You What Do You Do? Tell Them "Whatever it Takes!"

Want a Badass Business Owner Band?

Email Me: [email protected]

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The Local Small Business Coach Podcast is for Local Small Business Owners who are tired of living job to job and want to get to $100,000 in personal income. Each episode we discuss how to increase your profits, boost your sales, improve your processes and develop stronger teams.

HELPFUL LINKS

• Leave a Question, Show Suggestion/Idea for the Show: Ask a Question
• Email me at [email protected]
• Join the Badass Local Small Business Owners Facebook Group!
• Website/Training Materials
• Thinking of Getting a Coach? Check out my work with me page
• Get Your FREE eBook -8 Steps to Increasing Your Profits in Your Local Small Business
• Check Out Videos on Youtube Channel:

WHO THIS PODCAST IS FOR:

local small business owners, mobile businesses, brick and mortar businesses, handymen, landscapers, pool cleaners, cleaning services, QSRs, restaurant owners, mechanics, plumbers, real estate agents, dog groomers, franchisees, tradesmen, medical, dentist, insurance, & those looking to increase profits, boost sales, improve processes and develop stronger teams