In this episode of Profitable Franchisees, host Tracey Leak
speaks with Executive Financial Coach Sloan Wilkins about the importance of financial wellbeing for franchisees and small business owners.
Sloan shares his personal journey into financial coaching, emphasizing the need for good financial habits and effective budgeting tools.
He discusses strategies for eliminating debt, the significance of having a profit plan, and how business
owners can support their team's financial wellbeing.
The conversation highlights practical tips for achieving financial success both personally and professionally.
00:00 Introduction to Financial Wellbeing
02:51 Sloan's Journey to Financial Coaching
06:05 Building Good Financial Habits
08:56 Tools for Effective Budgeting
12:12 Eliminating Debt and Planning for the Future
14:59 The Importance of a Profit Plan
17:45 Supporting Team Financial Wellbeing
21:05 Conclusion and Key Takeaways
Financial wellbeing is crucial for franchisees and small
Good financial habits contribute significantly to personal
Budgeting should be viewed as a spending plan to encourage
The debt snowball method helps eliminate debt effectively.
Emergency savings provide peace of mind and financial
A profit plan prioritizes profit and ensures business
Investing in team financial wellbeing can improve retention
Regular financial discussions within couples can enhance
Setting up separate accounts for profit and taxes helps
Small actions lead to significant financial improvements
Website: www.everydaymoney.live
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#wealthmanagement #franchise