Purposeful Profit

I'm going all Brené Brown on you in this week's episode and talking about shame. Specifically financial shame. 

Financial shame is costing you money every day in your business. It's keeping you stuck in your business because shame leads to inaction, buffering and continuing on the same path. 

I hear from clients all the time about how ashamed or embarrassed they are by the state of their finances. 

And I tell them there is nothing I haven't seen. And once we face it and have a plan, they all experience a feeling of relief. And wish they hadn't waited.

You can stay in shame and judgement and  or you can decide to take action. Taking action is really about just leaning into the discomfort. 

In this week's episode, you'll learn:

• Why financial shame is all in your head
• How financial shame is costing you money everyday in your business
• How to move past financial shame and start moving forward

Mentioned in this episode:

• Ready to quit avoiding your finances and finally take charge of them? Book your free financial assessment to get started
• Get your profit guide with 10 ways to improve your profit

For the full show notes, including the transcript, go to www.carlamoats.com/podcast/episode14





This episode was produced by The Podcast Teacher.

DISCLAIMER: The information in this podcast is for informational purposes only and does not constitute an accountant-client relationship. While we use reasonable efforts to furnish accurate and up-to-date information, we assume no liability or responsibility for any errors, omissions or regulatory updates.

All businesses need bookkeeping. It's usually one of the first things business owners will outsource. Yet, 90% of all clients that come me have bookkeeping issues. They don't know what they don't know.

A good bookkeeper is a huge asset and a key part of your financial team. But it's an unregulated field and business owners often don't know what they don't know.

When clients come to me with profit and cash flow issues, I often see a direct link with the  quality of their bookkeeping.  You can't manage profit and cash flow effectively if you don't have books you can trust and rely on.  

In this week's episode, I'm sharing the 5 bookkeeping mistakes I most often see businesses owners make, so you can avoid them.

You'll learn

• Questions you should be asking when you hire a bookkeeper
• The delegation mistake most business owners are making
• Why bookkeeping shouldn’t operate in a silo in your business

Mentioned in this episode:

• Ready to quit avoiding your finances and finally take charge of them? Book your free financial assessment to get started
• Sign up for the September profit roundtable 

For the full show notes, including the  transcript, go to www.carlamoats.com/podcast/episode13





This episode was produced by The Podcast Teacher.

DISCLAIMER: The information in this podcast is for informational purposes only and does not constitute an accountant-client relationship. While we use reasonable efforts to furnish accurate and up-to-date information, we assume no liability or responsibility for any errors, omissions or regulatory updates.

Profit isn't just the way your business survives and thrives. It's you you build personal wealth and achieve financial freedom.  It's how you invest and grow your business. Profit is how you have an impact. 

Profit = Impact

And profit is personal. Your purpose for your profit is personal to you. Knowing your personal profit keeps you grounded and centered in your business. 

In this week's episode, I'm talking about the importance of knowing your own personal purposes for profit. Have a listen and you'll learn:

• the meaning behind the name of this podcast
• the two real purposes behind profit in a small business
• how to find your personal profit purpos

Mentioned in this episode:

• Book your free financial assessment
• Get my free cash flow guide and learn 10 ways you can improve your cash flow

For the full show notes, including the  transcript, go to www.carlamoats.com/podcast/episode12





This episode was produced by The Podcast Teacher.

DISCLAIMER: The information in this podcast is for informational purposes only and does not constitute an accountant-client relationship. While we use reasonable efforts to furnish accurate and up-to-date information, we assume no liability or responsibility for any errors, omissions or regulatory updates.

This week's episode is a little different. Since I started my business, I found that a lot of business owners don't really know what a fractional CFO, what they do, or that they were even an option for smaller business.

So today, I'm letting you get to know me and giving you an inside look at what I do and how I help businesses. I'll talk about how my 30-year career brought me from supporting $200 million dollar business to helping small business owners make more money.

You'll learn:

• What a fractional CFO is and how one can help in your business
• How to figure out if you might be ready for a fractional CFO
• What it's like to work with me and why I'm not a fit for every business

Mentioned in this episode:

• Book your free financial assessment
• Get my free cash flow guide and learn 10 ways you can improve your cash flow

For the full show notes, including the transcript, go to www.carlamoats.com/podcast/episode11




This episode was produced by The Podcast Teacher.

DISCLAIMER: The information in this podcast is for informational purposes only and does not constitute an accountant-client relationship. While we use reasonable efforts to furnish accurate and up-to-date information, we assume no liability or responsibility for any errors, omissions or regulatory updates.

Cash flow is one of the biggest issues businesses, and my clients, face. 82% of businesses that fail, fail because of cash flow issues.  It's the business killer.

A pattern of cash flow issues results in not being able to pay your bills or invest in your business.  Not to mention the money anxiety that is always running in the background.

Here's a little secret, when a client brings me cash flow issues, I get a little excited.

Not because I'm happy they have cash flow issues, but because I know I can help them.  Cash flow is one area of your business where small changes can have a big impact.

This week, I'm talking about the 5 mistakes I repeatedly see business owners with cash flow issues make. Because to fix the issue, you first need to know what the problem is.

I know that when I start peeling back the cover on their finances, if a client has cash flow issues, I'll likely find at least of 1 (and probably more) of these 5 mistakes. 

 

Mentioned in this episode:

• Ready to quit avoiding your finances and finally take charge of them? Book your free financial assessment to get started
• Get my free cash flow guide and learn 10 ways you can improve your cash flow

For the full show notes, including the  transcript, go to www.carlamoats.com/podcast/episode10

This episode was produced by The Podcast Teacher.

DISCLAIMER: The information in this podcast is for informational purposes only and does not constitute an accountant-client relationship. While we use reasonable efforts to furnish accurate and up-to-date information, we assume no liability or responsibility for any errors, omissions or regulatory updates.

I start this week's podcast episode with a sobering statistic: 82% of all new businesses that fail, fail because of cash flow.  Read that again: 82%

Businesses with cash flows issues can't pay their bills. And if your business can't pay it's bills, it's on borrowed time.

Cash flow funds your operations as well as funds investments to grow your business and helps investors and lenders have confidence in your ability to meet your obligations.

That's why understanding and managing your cash flow is a core financial competency you need in your business. Cash flow is usually one of the top issues business owners bring to me. 

And while cash flow isn't the same as profit, I find that they usually intertwined. 

Tune into today's episode for a cash flow primer where you'll learn:

• What cash flow is and how it’s different from profit
• Why it’s so important to the long-term health of your business
• Key metrics you should be tracking to measure your cash flow and what they tell you

Mentioned in this episode:

• Ready to quit avoiding your finances and finally take charge of them? Book your free financial assessment to get started
• Get my free cash flow guide and learn 10 ways you can improve your cash flow

For the full show notes, including the  transcript, go to www.carlamoats.com/podcast/episode9

DISCLAIMER: The information in this podcast is for informational purposes only and does not constitute an accountant-client relationship. While we use reasonable efforts to furnish accurate and up-to-date information, we assume no liability or responsibility for any errors, omissions or regulatory updates.

In today's episode of Purposeful Profit, I'm getting up on my soapbox. My Profit soapbox that it. As I work more and more with small business owners, I'm seeing an alarming issue that's causing a lot of undue hardship: a focus on revenue without a focus on profit.

Many business owners think the key to more money in their pocket is to grow their revenue. So they start chasing a big revenue number. 

And really, it's no wonder. In the business coaching and consulting space, there's an extreme focus on revenue and very little on profit.  And that's a problem.

Not only does more revenue not necessarily equal more profit, but done without intention, it can actually lower profit through outsized spending. 

If you want to have a profitable business, you need to care give profit equal air time.

In today's episode, learn:

• why revenue growth isn't the end all be all to building a profitable business
• why you should care about profit at least as much as you do revenue
• how to start giving profit the equal air time it deserves

Ready to quit avoiding your finances and finally take charge of them? Book your free financial assessment at www.carlamoats.com/workwithme

Want my free profit guide? Go to www.carlamoats.com/profit to learn the 3 reasons you aren't making more profit (and how to fix it).

For the full show notes, including the  transcript, go to www.carlamoats.com/podcast/episode8

DISCLAIMER: The information in this podcast is for informational purposes only and does not constitute an accountant-client relationship. While we use reasonable efforts to furnish accurate and up-to-date information, we assume no liability or responsibility for any errors, omissions or regulatory updates.

In this episode of Purposeful Profit, I'm explaining the connection between strategy and profit and why you need effective strategy if you want a wildly profitable business. Implementing an effective strategic planning process can up level your business and your profit. 

Tune in to learn what what strategy isn't and what it is and how to start crafting your business strategy. You'll also learn how finance and your numbers fit into your strategic planning process.

Strategy is the final part of the REAL profit equation and without it, you won't have sustainable profit, so you'll want to be sure and tune into this episode.
 
Note: This it the 4th part of a 4 part series on the REAL profit equation, so I recommend you listen to episode 4, episode 5 and episode 6 first.

Ready to quit avoiding your finances and finally take charge of them? Book your free financial assessment at www.carlamoats.com/workwithme

For the full show notes, including the  transcript, go to www.carlamoats.com/podcast/episode7

DISCLAIMER: The information in this podcast is for informational purposes only and does not constitute an accountant-client relationship. While we use reasonable efforts to furnish accurate and up-to-date information, we assume no liability or responsibility for any errors, omissions or regulatory updates.

Did you know that we have upwards of 60,000 thoughts a day? And that 85% of them are unintentional. Much of what we think is true is not, it's just a thought or belief we have. 

And when it comes to money and numbers, we often tell ourselves shitty stories. 

That's right, your problems making profit start between your ears with the shitty (and usually untrue) stories you are telling yourself about money and numbers.

This episode is for you, if you are saying things to yourself like:

• "I'm bad with numbers"
• "Accounting is hard"
• "Business finance is confusing"
• "the numbers will just take care of themselves"

These are NOT true. They may feel true, but these are just stories you are telling yourself and they are not helping you make more profit. 

Today, in part 3 of my series on the REAL profit equation, we are talking all about mindset. I talk about why the stories we tell ourselves matter so much, introduce a tool that I teach my clients and used to transform my own mindset, and teach you how you really can create any result you want.

Note: This it the 3rd part of a 4 part series, so I recommend you listen to episode 4 and episode 5 first.

Ready to quit avoiding your finances and finally take charge of them? Book your free financial assessment at www.carlamoats.com/workwithme

For the full show notes, including the  transcript, go to www.carlamoats.com/podcast/episode6

DISCLAIMER: The information in this podcast is for informational purposes only and does not constitute an accountant-client relationship. While we use reasonable efforts to furnish accurate and up-to-date information, we assume no liability or responsibility for any errors, omissions or regulatory updates.

If you want a sustainably profitable business, you can't ignore your financial foundation. It's what supports all the upper levels of your business. Without that foundation, your business won't have sustainable profit and might even crash down around you.

In this week's episode, I'll explain the 2 parts to financial foundation: know your numbers and core processes.

I'll break down what "know your numbers" really means and give you an easy framework for assessing where you are at in knowing your own numbers.

Then I'll explain about the core financial processes that all businesses need and many often ignore.

Have a listen and start building your financial foundations today.

Note: This is the 2nd part of a 4 part series on the REAL profit equation. I introduced this concept last week in episode 3 (so go back and listen to that first).

Ready to quit avoiding your finances and finally take charge of them? Book your free financial assessment at www.carlamoats.com/workwithme

For the full show notes, including the transcript, go to www.carlamoats.com/podcast/episode5

DISCLAIMER: The information in this podcast is for informational purposes only and does not constitute an accountant-client relationship. While we use reasonable efforts to furnish accurate and up-to-date information, we assume no liability or responsibility for any errors, omissions or regulatory updates.