EP206: Let’s Talk About Finance

This episode is a really special episode for me, as I was able to interview an amazing contact that I met through Instagram.  Brooke Gordon works for Business Development Canada as a resource for women entrepreneurs to connect them with resources to help grow and scale their business, and she came onto the Business of Becoming to do just that.  Brooke shares with us the common misconceptions that entrepreneurs tend to have about investing, banking, and everything finance. Even in this episode, I was the first to admit that when I started this business, over a decade ago, I wasted so much time and energy sorting out financial situations that could have been avoided. And this is where Brooke comes in…  Helping all of us avoid business financial mistakes, here is Brookes extensive list of business resources to help you sort, and get your business on the right track for 2021:   Resource Guide for Women Entrepreneurs, which lists many of the incubators: https://www.bdc.ca/en/i-am/woman-entrepreneur/connect/partners TAP program with EDC:  https://www.edc.ca/en/campaign/trade-accelerator-program.html Cash flow quiz: https://www.bdc.ca/en/articles-tools/entrepreneur-toolkit/business-assessments/cash-flow Cash flow management guide: https://www.bdc.ca/en/articles-tools/entrepreneur-toolkit/guides/cashflow-management Cash flow eCourse: https://catalog.bdc.ca/product?catalog=Cash_flow&_ga=2.210137687.339233121.1609362834-1409618599.1609362834 Tools for managing your finances: https://www.bdc.ca/en/articles-tools/money-finance/manage-finances Our free eCourses on finances include “Be credible and prepared when speaking to a banker”, and Financial Fundamentals I and II https://catalog.bdc.ca/catalog?pagename=Money_and_finance Checklist to apply for a business loan: https://www.bdc.ca/en/articles-tools/money-finance/get-financing/how-to-get-business-loan-your-checklist-to-success   More About Brooke: Brooke Gordon is a Senior Advisor, Women Entrepreneurs at the BDC where she helps Canadian women-owned businesses accelerate their growth and scale-up — ensuring women thrive through every step of their business journey.   An entrepreneur herself, prior to joining BDC in 2017, Brooke served as a trusted business advisor and consultant for over 20 years in the areas of strategic planning, organizational development and operations.  Brooke holds a Master’s in commercialization (MEEi), and a Bachelor’s and Master’s in Engineering Physics from McMaster University. She currently teaches the Engineering and Management final year capstone project. You can connect with Brooke on her Instagram or LinkedIn.   Things We Mention In This Episode: Acquiring Capital  Cashflow Business Development Canada Incubators Accelerators Bookkeeping Accounting  Personal Banking  Business Banking  Line of credit Overdraft Mortgage Department store credit cards Trade credit Factoring  Equity  Credit Cards Angel investors  Personal assets   Here’s How To Subscribe & Leave A Review (pretty-please): Want to get notified when I release new episodes so you don’t miss a thing? Click here to subscribe to the podcast on iTunes. And it would mean the world to me if you’d leave a rating and review. I’d love to know what you think of the podcast and how I can make it better for you. Plus iTunes tells me that podcast reviews are really important and the more reviews the podcast has the easier it will be to get the podcast in front of more people, which is the ultimate goal. You can leave a review right here.   Let’s Keep The Conversation Going… Do you feel like you are stuck with a particular business idea, or are you fluid as things change? Have you been through a personal transformation that affected your business? I would love to hear all about it and I’m sure others would too. Comment below and share your story or visit me on Instagram which is currently my favourite way to connect.  You can also join my free online community to connect with more than 16,000 other health practitioners just like you to ask questions, share wins and struggles and get lots of support from me and my team! I hope to see you there.