Business Growth

This is a Twitter conversation from Elizabeth Yin https://twitter.com/dunkhippo33, Co-founder at HustleFund https://twitter.com/hustlefundvc  where she talks about knowing your metrics and where many businesses go off the rails. I asked a question to know which metrics are most important to her. Read our Twitter thread here: https://twitter.com/spencershaw/status/1260645765191331843 

Episode Highlights

• https://twitter.com/hustlefundvc 
• https://twitter.com/dunkhippo33 

Links and Resources

• Business metrics and economics
• The importance of knowing your metrics
• The hard work it takes to build a business
• Success on the ideation process
• Being a unicorn?
• How much it costs to acquire a customer

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Knowing your finances and cashflow is critical to growing your business. Stephen King from www.growthforce.com talks about the simple steps to get your financials in order. They also dive into the step-by-step process for increasing your prices and by doing it in a way that customers don't have pushback. In fact, they are happier. Stephen also includes a financial tool to assist your quickbooks accounting software.

• Knowing your numbers in your business
• What’s GrowthForce?
• A conversation about cashflow
• Finding a reason to be grateful
• A client cashflow problem
• A good time to change the deposit amount
• Automate the processes
• Pricing the jobs
• The importance of seeing the numbers
• Recommending www.bill.com and why 
• Why you have to use a good bookkeeper
• How you can improve your cashflow
• How to increase profit

• www.growthforce.com
• www.bill.com
• https://www.growthforce.com/cash-flow-forecasting-tool-and-instructions
• Here’s a link where you can download the Cash Flow Forecasting Tool: https://get.growthforce.com/cash-flow-forecasting-tool/GrowthForce Bookkeeping Services 

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Saying that right now is the greatest opportunity to grow our businesses may sound hypocritical or insane. But, I honestly believe right now is the time to step up. Not only from a growth perspective but also for leading your team, employing people, and providing value to customers.

Episode Highlights

• What happened the last couple of months
• Sharing perspectives
• The best time ever to grow a business
• Many people devastated
• Providing clarity and vision 
• Are you a business owner overwhelmed?
• Wanting others to succeed right now

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If you like what you hear we’d love for you to leave a review and tell us what you think. Your support is the fuel that keeps us going!

Crossnet is an e-commerce company with an excellent marketing strategy. Spencer talks with Chris Meade about how you can grow your business during COVID_19.

• When the company started
• Taking pre-orders right now
• Shipping orders as fast as possible 
• Learning how to play volleyball in a fun way 
• The financial side of Crossnet 

• www.crossnetgame.com 
• [email protected] 

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If you like what you hear we’d love for you to leave a review and tell us what you think. Your support is the fuel that keeps us going!

The term “family office” is a little known term and approach in the financial world. I talk with David Shirkey who manages their family office and strategic initiatives at Orbitform. If you're looking to create a family legacy, this episode is rare and full of valuable insights.

• https://www.linkedin.com/in/davidshirkey/ 

• Managing a family office
• Estate planning and communication
• Being focused on what it is that you want
• Think big and record your credits

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If you like what you hear we’d love for you to leave a review and tell us what you think. Your support is the fuel that keeps us going!

Nathan Hirsch from https://www.outsourceschool.com/ shares outsourcing frameworks so you can hire better people, avoid turnover and increase productivity. He recently exited from FreeeUp which is a freelance platform and Nathan is now sharing the strategies and processes to getting the right freelances working for you.

I am NOT an affiliate or compensated for this interview. It's simply a subject listeners have asked about so I brought on some of the world’s best talent.

• https://www.outsourceschool.com/
• https://www.linkedin.com/in/nathanhirsch/

• Focus more on the attitude in the interview process
• Creating a win-win situation for everyone
• Outsourcing individuals in your company
• Schedule, issues, and communication
• Working from home
• Hiring consultants

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If you like what you hear we’d love for you to leave a review and tell us what you think. Your support is the fuel that keeps us going!

Raul's book is one of the most valuable business book reads I've had in a long time. It's full of frameworks and insights that will take make your business more recession-proof and helps nail the processes to go to the next level. If you already have traction in your business this is a must-read and the top of my suggestion list.

• Raul Hernandez: [email protected] 

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If you like what you hear we’d love for you to leave a review and tell us what you think. Your support is the fuel that keeps us going!

To increase your business demand or personal demand you can take the traditional approach of networking, or you can make yourself "the only obvious choice" which I share how to do in this short episode.

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If you like what you hear we’d love for you to leave a review and tell us what you think. Your support is the fuel that keeps us going!

Spencer talks with A.J. about the services that Linkedin provides, his new company, and his life as an entrepreneur.

Links and Resources

• https://www.linkedin.com/in/wilcoxaj/ 
• https://open.spotify.com/show/6Z88iXkXHKEZ5um04mtpAq

Subscribe and Share

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If you like what you hear we’d love for you to leave a review and tell us what you think. Your support is the fuel that keeps us going!

There’s always something to learn when it comes to kids. In today's podcast, Spencer shares some stories about his kids when they were in New York City recently, seeing the highest buildings for the first time. Coming up this new year, we have to find ways to climb the tallest buildings to reach all of our goals for 2020!

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If you like what you hear we’d love for you to leave a review and tell us what you think. Your support is the fuel that keeps us going!