Ep 181 Automating Profit First Banking with Deanna Zubrickas of Relay

 Deanna Zubrickas plays a pivotal role at Relay, collaborating closely with Partners, accountants, and bookkeepers to enhance the quality of business banking services offered to their clientele. Serving as the primary product expert, Deanna specializes in business banking solutions and seamless integrations between banking and accounting systems.

 In this episode, you will learn the following:

  ●        Flexibility of Relay Accounts: Relay's appeal for setting up Profit First lies in its flexibility..

●        Overcoming Banking Hurdles: One of the challenges with Profit First implementation is finding a bank that supports multiple accounts without charging excessive fees.

●        Automation Enhances Execution: Automation is a powerful tool for ensuring consistent adherence to Profit First principles.

●        Integration with Accounting Software: Relay's connection with QuickBooks and Xero ensures that all transfers and allocations made within Relay seamlessly reflect in the accounting software, streamlining the financial management process.

 * Relay is a financial technology company, not an FDIC-insured bank. Banking services and FDIC insurance are provided through Thread Bank and Evolve Bank & Trust; Members FDIC. The Relay Visa® Debit Card is issued by Thread Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa® debit cards are accepted.

Learn more through this affiliate link:

bit.ly/relayfi

https://bit.ly/RelayFIPro for accountants and bookkeepers

 

Hi, I'm the Profit Answer Man Rocky Lalvani! I help small business owners simplify their financial reports to make more informed business decisions with fewer hassles. We utilize the Profit First system created by Mike Michalowicz Our Q&A call on the 2nd Thursday of the month at 1 pm Eastern: 

https://bit.ly/PFcall

Sign up to be notified when the next cohort of the Profit First Experience Course is available! Schedule your free, no-obligation intro call: https://bookme.name/rockyl/lite/intro-appointment-15-minutes Check out our website: http://profitcomesfirst.com/ Questions: [email protected] Email: [email protected] Relay Bank (affiliate link) - https://relayfi.com/?referralcode=profitcomesfirst  Profit Answer Man Facebook group: https://www.facebook.com/groups/profitanswerman/ My podcast about living a richer more meaningful life: http://richersoul.com/ Profit First Toolkit: click here to sign up This episode is part of the SMB Podcast Network. Find other great interviews from around the internet just like this one at https://www.SMBPodcastNetwork.com Music provided by Junan from Junan Podcast Any financial advice is for educational purposes only and you should consult with an expert for your specific needs.

Discover the Game-Changing Power of AI for Your Business

Manuj Aggarwal is a well-known AI thought leader on a worldwide scale. Manuj has made a name for himself in the field thanks to his 15 years of experience and 4 patents. He has produced a phenomenal value of over $500 million for prestigious companies including Microsoft, IBM, and Pearson Education. Over 10 million people have been significantly impacted by Manuj's efforts, and as a result, renowned people like President Obama and Bill Gates have praised him. His knowledge of AI is widely sought for, and he has contributed significantly to the field's innovation and development.

 In this episode, you will learn the following:

●        Develop a deeper grasp of AI's role in business and recognize how it could change the course of your career.

●        Dispel myths about AI stealing jobs, and learn to see it as an enabler rather than a danger.

●        Recognize the power of AI in addressing skill gaps, enabling career advancement, and fostering organizational resilience.

●        Acknowledge the vital importance for businesses to embrace and excel in the AI era, as failure to do so may result in falling behind their competitors.

 Links:

https://www.linkedin.com/in/manujaggarwal/

 

Hi, I'm the Profit Answer Man Rocky Lalvani! I help small business owners simplify their financial reports to make more informed business decisions with fewer hassles. We utilize the Profit First system created by Mike Michalowicz Our Q&A call on the 2nd Thursday of the month at 1 pm Eastern: 

https://bit.ly/PFcall

Sign up to be notified when the next cohort of the Profit First Experience Course is available! Schedule your free, no-obligation intro call: https://bookme.name/rockyl/lite/intro-appointment-15-minutes Check out our website: http://profitcomesfirst.com/ Questions: [email protected] Email: [email protected] Relay Bank (affiliate link) - https://relayfi.com/?referralcode=profitcomesfirst  Profit Answer Man Facebook group: https://www.facebook.com/groups/profitanswerman/ My podcast about living a richer more meaningful life: http://richersoul.com/ Profit First Toolkit: click here to sign up This episode is part of the SMB Podcast Network. Find other great interviews from around the internet just like this one at https://www.SMBPodcastNetwork.com Music provided by Junan from Junan Podcast Any financial advice is for educational purposes only and you should consult with an expert for your specific needs.

 

 

Streamline and Scale Profitably: Mastering Business Systems 

Malcolm Peace is the founder of Tsetserra Growth Partners, is making a remarkable impact in Texas by assisting small to midsize businesses. He specializes in assisting long-standing enterprises whose founders are planning to retire yet still want to see their businesses succeed. In order to ensure a smooth transfer while maintaining the owner's ethos, Malcolm and his team completely rewrite the operating playbook. Within two years, the company's revenue is intended to treble thanks to their emphasis on operational efficiency. Malcolm offers the required tools and techniques despite the challenging task, providing business owners confidence in the future success of their enterprises.

 In this episode, you will learn the following:

●        The significance of documenting standard operating procedures (SOPs) when acquiring and managing businesses

●        The prevalence of QuickBooks online among small businesses

●        Tracking key data points is invaluable in analyzing business performance

●        Standardizing business processes and pricing for better decision-making

●        Hiring individuals who align with the company's values, possess the necessary skills, and fit the culture contributes to long-term growth and success.

Links:

https://tsetserra.com/

https://www.linkedin.com/in/malcolmpeace

https://twitter.com/peace_malcolm

 

Hi, I'm the Profit Answer Man Rocky Lalvani! I help small business owners simplify their financial reports to make more informed business decisions with fewer hassles. We utilize the Profit First system created by Mike Michalowicz Our Q&A call on the 2nd Thursday of the month at 1 pm Eastern: 

https://bit.ly/PFcall

Sign up to be notified when the next cohort of the Profit First Experience Course is available! Schedule your free, no-obligation intro call: https://bookme.name/rockyl/lite/intro-appointment-15-minutes Check out our website: http://profitcomesfirst.com/ Questions: [email protected] Email: [email protected] Relay Bank (affiliate link) - https://relayfi.com/?referralcode=profitcomesfirst  Profit Answer Man Facebook group: https://www.facebook.com/groups/profitanswerman/ My podcast about living a richer more meaningful life: http://richersoul.com/ Profit First Toolkit: click here to sign up This episode is part of the SMB Podcast Network. Find other great interviews from around the internet just like this one at https://www.SMBPodcastNetwork.com Music provided by Junan from Junan Podcast Any financial advice is for educational purposes only and you should consult with an expert for your specific needs.

Work Less, Make More, and Increase Profit

 

Liz Chism is a highly experienced business operations coach and entrepreneur. With over 9 years of entrepreneurial experience, Chism shares her incredible journey, starting with co-founding a craft brewery business alongside her husband. While the brewery faced financial challenges and ultimately ended in bankruptcy, Chism discovered the importance of implementing effective systems and processes for managing a business while maintaining a balanced personal life. This realization led her to transition into the role of a business operations coach, where she now assists fellow business owners in streamlining their operations, scaling their enterprises, and avoiding common pitfalls.

Chism's relentless determination and unwavering commitment have turned her entrepreneurial dreams into reality. Today, she successfully manages businesses across multiple states, enjoying the freedom to design her life on her own terms. By embracing virtual work, Chism and her husband have achieved a greater work-life balance, allowing them to spend more quality time with their children while continuing to drive business growth.

In this episode, you will learn the following:

  ●        Aligning vision, mission, and values: It is essential to clarify the vision, mission, and values of the business and ensure that employees align with these principles.

●        Translating vision and mission into practical terms is crucial for creating alignment and a shared sense of purpose within an organization.

●        Identifying successful strategies and systemizing them allows for repeatable and scalable processes, contributing to increased revenue and profitability.

●        Implementing systems and processes in a business can result in various advantages, including time savings, increased profitability, and enhanced value and enjoyment.

 

Links:

 http://www.lizchism.com/

https://www.facebook.com/elizabeth.chism.92/

https://www.instagram.com/liz_chism/

https://www.linkedin.com/in/liz-chism-b153b2194/

 

 Hi, I'm the Profit Answer Man Rocky Lalvani! I help small business owners simplify their financial reports to make more informed business decisions with fewer hassles. We utilize the Profit First system created by Mike Michalowicz Our Q&A call on the 2nd Thursday of the month at 1 pm Eastern: 

https://bit.ly/PFcall Sign up to be notified when the next cohort of the Profit First Experience Course is available! Schedule your free, no-obligation intro call: https://bookme.name/rockyl/lite/intro-appointment-15-minutes Check out our website: http://profitcomesfirst.com/ Questions: [email protected] Email: [email protected] Relay Bank (affiliate link) - https://relayfi.com/?referralcode=profitcomesfirst  Profit Answer Man Facebook group: https://www.facebook.com/groups/profitanswerman/ My podcast about living a richer more meaningful life: http://richersoul.com/ Profit First Toolkit: click here to sign up This episode is part of the SMB Podcast Network. Find other great interviews from around the internet just like this one at https://www.SMBPodcastNetwork.com Music provided by Junan from Junan Podcast Any financial advice is for educational purposes only and you should consult with an expert for your specific needs.

Empowering Minorities: Profit First Strategies 

Susanne Mariga is a highly accomplished CPA and Fractional CFO, specializing in high net worth tax strategies for 7 and 8 figure entrepreneurs. She is the CEO of The Mariga Group, a distinguished Goldman Sachs 10,000 Small Business participant. Susanne Mariga has gained recognition for her expertise through features in esteemed publications like the Houston Business Journal and MBE Magazine. Under the esteemed Profit First brand, Susanne Mariga collaborated with Mike Michalowicz to write the book "Profit First For Minority Business Enterprises," which received positive reviews from Kirkus and was chosen as an Editor's Pick by Publisher's Weekly. Additionally, she serves as the host of the Profit Talk Podcast.

 With experience growing her own small business, Susanne combines industry knowledge and personal insights to help clients create customized, profit-first business plans. Prior to founding The Mariga Group, she honed her skills at prestigious firms like Arthur Andersen LLP and a Big 4 firm.

 In this episode, you will learn the following:

•   Adjusting prices to keep up with inflation: It is essential for business owners to regularly review and adjust their prices to account for inflation.
• Having a flexible budget: A flexible budget that can adapt to economic shifts is vital.
• Being flexible and avoiding long-term commitments: Remaining flexible and avoiding long-term commitments can be advantageous in uncertain times.

 Links:

 https://susannemariga.com/

Hi, I'm the Profit Answer Man Rocky Lalvani! I help small business owners simplify their financial reports to make more informed business decisions with fewer hassles. We utilize the Profit First system created by Mike Michalowicz Our Q&A call on the 2nd Thursday of the month at 1 pm Eastern: 

https://bit.ly/PFcall

Sign up to be notified when the next cohort of the Profit First Experience Course is available! Schedule your free, no-obligation intro call: https://bookme.name/rockyl/lite/intro-appointment-15-minutes Check out our website: http://profitcomesfirst.com/ Questions: [email protected] Email: [email protected] Relay Bank (affiliate link) - https://relayfi.com/?referralcode=profitcomesfirst  Profit Answer Man Facebook group: https://www.facebook.com/groups/profitanswerman/ My podcast about living a richer more meaningful life: http://richersoul.com/ Profit First Toolkit: click here to sign up This episode is part of the SMB Podcast Network. Find other great interviews from around the internet just like this one at https://www.SMBPodcastNetwork.com Music provided by Junan from Junan Podcast Any financial advice is for educational purposes only and you should consult with an expert for your specific needs.

 

Systemize for Success: Building Profitable Processes 

Paul Jackson is the CEO of Method, a cutting-edge CRM software tailored for QuickBooks users. Paul takes us on his entrepreneurial journey, beginning with his previous venture, QXpress, which catered to service businesses. He candidly discusses the unique challenges faced by small business owners in effectively managing tracking and billing, with a specific focus on trades and construction industries. Listen in as Paul emphasizes the transformative power of automation and how it can streamline operations, improve efficiency, and boost productivity.

In this episode, you will learn the following:

• Finding critical-thinking-intensive jobs that are carried out by key employees reduces bottlenecks and boosts overall efficiency

• Implementing opportunities and deals in a CRM is a crucial step for business owners to track and plan for future success.

• Documenting processes, even without software adoption, ensures consistency, efficiency, and scalability in operations.

Links:

Getting started with workflow automation checklist 

method.me/workflow-checklist

 

• https://twitter.com/PaulAlexJackson 

• https://www.linkedin.com/company/method-integration/

• https://method.me

 

Hi, I'm the Profit Answer Man Rocky Lalvani! I help small business owners simplify their financial reports to make more informed business decisions with fewer hassles. We utilize the Profit First system created by Mike Michalowicz Our Q&A call on the 2nd Thursday of the month at 1 pm Eastern: 

https://bit.ly/PFcall

Sign up to be notified when the next cohort of the Profit First Experience Course is available! Schedule your free, no-obligation intro call: https://bookme.name/rockyl/lite/intro-appointment-15-minutes Check out our website: http://profitcomesfirst.com/ Questions: [email protected] Email: [email protected] Relay Bank (affiliate link) - https://relayfi.com/?referralcode=profitcomesfirst  Profit Answer Man Facebook group: https://www.facebook.com/groups/profitanswerman/ My podcast about living a richer more meaningful life: http://richersoul.com/ Profit First Toolkit: click here to sign up This episode is part of the SMB Podcast Network. Find other great interviews from around the internet just like this one at https://www.SMBPodcastNetwork.com Music provided by Junan from Junan Podcast Any financial advice is for educational purposes only and you should consult with an expert for your specific needs.

The Audacious Unheard-of Ways Roy Osing took a Startup to A BILLION IN SALES

Roy Osing is an accomplished individual who has achieved remarkable success as an author, entrepreneur, and executive leader. With over 40 years of experience in various business roles, including president and CMO, Roy has a proven track record of taking startups to unprecedented levels of success. During his tenure as President of a prominent data and internet company, Roy's bold and unconventional leadership strategies propelled the company from its early stages to an impressive $1 billion in annual sales. His unique approaches, which he refers to as "Audacious Unheard-of Ways," have set him apart as the sole authority on achieving high performance in businesses and successful careers.

 

Aside from his executive roles, Roy is also an influential blogger, content marketer, and mentor to aspiring professionals. His practical business advice has been compiled into a series of straightforward books, with his seventh publication titled "BE DiFFERENT or be dead: The Audacious Unheard-of Ways I Took a Startup to A BILLION IN SALES."

In this episode, you will learn the following:

 

• Absorb the importance of gaining a unique edge in small businesses to stay ahead in the rat race.
• Appreciate the beauty of integrating emotional intelligence and fervor in recruiting the right fits for your business.
• Comprehend the powerful alliance between personal triumphs and business aspirations for a victorious journey. 
• Realtize the strategic need for clarity in business, steering your venture towards its desired destination.
• Explore the intriguing concept of how pain can propel impactful differentiation strategies.

Links:

https://www.bedifferentorbedead.com/

 

Hi, I'm the Profit Answer Man Rocky Lalvani! I help small business owners simplify their financial reports to make more informed business decisions with fewer hassles. We utilize the Profit First system created by Mike Michalowicz Our Q&A call on the 2nd Thursday of the month at 1 pm Eastern: https://www.eventbrite.com/e/profit-first-monthly-qa-call-tickets-650137146707 Sign up to be notified when the next cohort of the Profit First Experience Course is available! Schedule your free, no-obligation intro call: https://bookme.name/rockyl/lite/intro-appointment-15-minutes Check out our website: http://profitcomesfirst.com/ Questions: [email protected] Email: [email protected] Relay Bank (affiliate link) - https://relayfi.com/?referralcode=profitcomesfirst  Profit Answer Man Facebook group: https://www.facebook.com/groups/profitanswerman/ My podcast about living a richer more meaningful life: http://richersoul.com/ Profit First Toolkit: click here to sign up This episode is part of the SMB Podcast Network. Find other great interviews from around the internet just like this one at https://www.SMBPodcastNetwork.com Music provided by Junan from Junan Podcast Any financial advice is for educational purposes only and you should consult with an expert for your specific needs.

 

Profit First for Non Profits

Michael Miro, the founder and principal operator of Shorepath Consulting, is a seasoned consultant with expertise in strategic planning, board development, and creative problem-solving. He has a passion for helping nonprofits, associations, and businesses tackle their challenges through innovative solutions. With a background in the nonprofit and local government sectors, as well as experience with startups and small businesses, Michael brings a diverse perspective to his work. He excels in building strong relationships with clients, actively listening, and providing strategic oversight to align with their visions. 

 

Michael's consulting engagements span various industries, and he holds a master's degree in the Social Sciences and a certificate in Nonprofit Management. Additionally, he serves as board president for two organizations and has contributed to local committees focused on housing and community development.

In this episode, you will learn the following:

• Balancing Programmatic Work and Organizational Development. It is crucial for nonprofits to stay focused on their goals and resist the temptation of pursuing funding opportunities that don't align with their mission.

• Strategic Spending and Financial Reserves. It is important to consider the cost of fundraising and allocate funds appropriately.

• Building Relationships with Donors: Nonprofits should prioritize effectively communicating their accomplishments, ongoing work, and future vision to inspire donors.

• Investing and Taking Calculated Risks. Taking strategic risks can lead to remarkable achievements and advancements for nonprofits.

Links:

www.shorepathconsulting.com

Twitter: @ShorepathGrp

 

Hi, I'm the Profit Answer Man Rocky Lalvani! I help small business owners simplify their financial reports to make more informed business decisions with fewer hassles. We utilize the Profit First system created by Mike Michalowicz Our Q&A call on the 2nd Thursday of the month at 1 pm Eastern: https://www.eventbrite.com/e/profit-first-monthly-qa-call-tickets-650137146707 Sign up to be notified when the next cohort of the Profit First Experience Course is available! Schedule your free, no-obligation intro call: https://bookme.name/rockyl/lite/intro-appointment-15-minutes Check out our website: http://profitcomesfirst.com/ Questions: [email protected] Email: [email protected] Relay Bank (affiliate link) - https://relayfi.com/?referralcode=profitcomesfirst  Profit Answer Man Facebook group: https://www.facebook.com/groups/profitanswerman/ My podcast about living a richer more meaningful life: http://richersoul.com/ Profit First Toolkit: click here to sign up This episode is part of the SMB Podcast Network. Find other great interviews from around the internet just like this one at https://www.SMBPodcastNetwork.com Music provided by Junan from Junan Podcast Any financial advice is for educational purposes only and you should consult with an expert for your specific needs.

 

Communication Mastery: Unlocking a Profitable Business 

Larry Wilson, a renowned performer, writer, and recipient of the 2017 Comedy Magician of the Year award, joins us today to discuss the role of communication in business. Larry's career as a comedy magician showcased to him the magic and power of effective communication. He has taken his years of showbiz experience and harnessed it into a dynamic training system known as the Wilson Method - a technique that promises to make communication a lot easier and more effective for you. Larry is equipped with a unique perspective and an unconventional background that has made him a priceless source of wisdom to modern-day entrepreneurs.

Larry, a highly accomplished entertainer, has received an Emmy nomination for his outstanding performances. In addition to being a producer and writer, he was honored as the 2017 Comedy Magician of the Year. Drawing from his experiences working alongside renowned and prosperous Hollywood stars, he has ingeniously distilled their communication techniques into an influential training system known as The Wilson Method.

In this episode, you will learn the following:

• Realize the power of active listening to transform your communication game in business.
• Unwrap the potential of modern technology to create unique and compelling content that resonates with your audience.
• Understand the art of being resourceful in your business pursuits and see its positive implications on your profitability.

Links:

https://thewilsonmethod.com/

 

Hi, I'm the Profit Answer Man Rocky Lalvani! I help small business owners simplify their financial reports to make more informed business decisions with fewer hassles. We utilize the Profit First system created by Mike Michalowicz Our Q&A call on the 2nd Thursday of the month at 1 pm Eastern: https://www.eventbrite.com/e/profit-first-monthly-qa-call-tickets-650137146707 Sign up to be notified when the next cohort of the Profit First Experience Course is available! Schedule your free, no-obligation intro call: https://bookme.name/rockyl/lite/intro-appointment-15-minutes Check out our website: http://profitcomesfirst.com/ Questions: [email protected] Email: [email protected] Relay Bank (affiliate link) - https://relayfi.com/?referralcode=profitcomesfirst  Profit Answer Man Facebook group: https://www.facebook.com/groups/profitanswerman/ My podcast about living a richer more meaningful life: http://richersoul.com/ Profit First Toolkit: click here to sign up This episode is part of the SMB Podcast Network. Find other great interviews from around the internet just like this one at https://www.SMBPodcastNetwork.com Music provided by Junan from Junan Podcast Any financial advice is for educational purposes only and you should consult with an expert for your specific needs.

 

Building Legacy: The Art of Crafting a Profitable Family Business

In this episode, we have Tom Hubler, a celebrated authority in the world of family businesses. Starting his professional journey as a family counselor, leveraged his insights to delve deeper into the world of organizational development. Tom Hubler is a highly experienced professional who has been addressing family-owned businesses in the US since 1980. Over the years, he has provided counseling to over 500 private family businesses and has inspired numerous family business leaders through his speaking engagements. 

 

As the owner of Hubler for Business Families, Tom has demonstrated a deep commitment to helping families of wealth and family-owned businesses thrive. He shares his insights and strategies for navigating the unique challenges faced by family businesses in his book, "The Soul of Family Business."

In this episode, you will learn the following:

• Realize the importance of thorough planning in ensuring the sustainability of your family business.
• Master conflict management and effective communication essentials to bring harmony within your family enterprise.
• Find out how nurturing purpose and promoting individual paths can contribute to your family business's growth.
• Get a glimpse into how to thoughtfully integrate your children into the family enterprise, respecting their choices and providing adequate support.
• Identify the steps towards effective succession planning and ownership transfer in a family business landscape.

Links For Tom Hubler:

https://tomhubler.com

 

Hi, I'm the Profit Answer Man Rocky Lalvani! I help small business owners simplify their financial reports to make more informed business decisions with fewer hassles. We utilize the Profit First system created by Mike Michalowicz Our Q&A call on the 2nd Thursday of the month at 1 pm Eastern: https://www.eventbrite.com/e/profit-first-monthly-qa-call-tickets-650137146707 Sign up to be notified when the next cohort of the Profit First Experience Course is available! Schedule your free, no-obligation intro call: https://bookme.name/rockyl/lite/intro-appointment-15-minutes Check out our website: http://profitcomesfirst.com/ Questions: [email protected] Email: [email protected] Relay Bank (affiliate link) - https://relayfi.com/?referralcode=profitcomesfirst  Profit Answer Man Facebook group: https://www.facebook.com/groups/profitanswerman/ My podcast about living a richer more meaningful life: http://richersoul.com/ Profit First Toolkit: click here to sign up This episode is part of the SMB Podcast Network. Find other great interviews from around the internet just like this one at https://www.SMBPodcastNetwork.com Music provided by Junan from Junan Podcast Any financial advice is for educational purposes only and you should consult with an expert for your specific needs.