Scale Your Small Business

Today's guest learned how to build a business from nothing. After a partnership, the breakup left him with no clients, no cash flow, and no work backlog, and almost a half a million dollars in debt. He spent most of his early career obsessing about understanding what drives business success, but more importantly, how to create a life by design through entrepreneurship and business. Today, he helps business owners and entrepreneurs build meaningful businesses so they can have more profit fans and freedom. Meet Mel Abraham and what your small business can do to prepare for and protect your finances during a recession or a potential market downturn.

Here are the top takeaways from this episode:

• One of the first things we should be doing is spending time with our credit card statements and our profit and loss statements. If you aren't good with reading financials, now is the time to do it. Take a look at everything that's going out and make sure that it makes sense and that it's bringing something else in.

• Get your team on board to create an optimized organization, optimized business, and think through the eyes of impact and profits. Things will then start to shift, because you have everyone in the boat rowing the same way.

• When we have community, we can find some solace and peace in knowing that we're not alone. It also provides a sounding board that allows us to bounce ideas, massage ideas, and check perspectives that maybe we wouldn't otherwise have if we're siloed.

To access the full video, show notes and resources from this episode, please visit https://scaleyoursmallbusiness.org/blog/.

If you have any comments or questions about the podcast, please connect with us using one of the options below:

• Website Link - https://www.jillianflodstrom.com
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Today's guest, Sharlene Mohlman, is a published bestselling author who is very passionate about helping to empower professional women eliminate their debt and build successful financial portfolios so they can achieve financial freedom and create generational wealth. She's created a community of like-minded women who wanna live life more deliberately, but more importantly, abundantly. Please welcome Sharlene Mohlman.

Here are the top takeaways from this episode:

• It's important to grow your savings as you're eliminating your debt. That could mean doing 50/ 50 for a while - 50% going on your debt and 50% going in your savings.
• We don't know the future and it's such a gamble and a risk, and if we don't have anything there to back us up we're just gonna continue into that pattern of more debt.
• It's important that when you're finally starting to make a little bit of extra money that you pay off your debt and put money aside so that you're able to grow and scale your business. If you don't have money set aside and something happens, you're just going to keep getting further into debt.

To access the full video, show notes and resources from this episode, please visit https://scaleyoursmallbusiness.org/blog/.

If you have any comments or questions about the podcast, please connect with us using one of the options below:

• Website Link - https://www.jillianflodstrom.com
• Facebook Link -https://www.facebook.com/jillianflodstrom/
• Instagram Link -https://www.instagram.com/jillianflodstrom/
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• LinkedIn Link -https://www.linkedin.com/in/jillianflodstrom/
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• Clubhouse Link - jflodstrom

On this episode of Scale Your Small Business Podcast we have with us, Sarah Quiggle, an advanced certified QuickBooks ProAdvisor and a very detail orientated bookkeeper. Many small business owners don't know what they're doing when it come to their finances and find it hard to admit they need some help. She'll talk to use about how to remove the mystery around our business finances. We're going to dive deeply into QuickBooks on this episode and discover how easy it really is to use!

Here are the top takeaways from this episode:

• Keep personal and business finances separate.
• QuickBooks has an enormous amount of features. You can pick and choose which ones you want to use.
• It can be confusing for people who are just new to QuickBooks to understand credits and debits. Thankfully, if you choose to use QuickBooks you don't have to know debits and credits.
• The beauty of Quickbooks is it takes the stress of like managing your finances and passed it on to somebody else, but you still have control and visibility over it.

To access the full video, show notes and resources from this episode, please visit https://scaleyoursmallbusiness.org/blog/.

If you have any comments or questions about the podcast, please connect with us using one of the options below:

• Website Link - https://www.jillianflodstrom.com
• Facebook Link -https://www.facebook.com/jillianflodstrom/
• Instagram Link -https://www.instagram.com/jillianflodstrom/
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• LinkedIn Link -https://www.linkedin.com/in/jillianflodstrom/
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• Clubhouse Link - jflodstrom

Today's guest on this Scale Your Small Business episode is Paul Long, a business banking leader with 24 years of experience who works with business owners across Washington State. He is partnered with Gisa Credit Union (the second largest credit union in the state), where he is their SBA lending manager. His goal is to assist small businesses in restructuring their balance sheet, purchasing equipment, or acquiring another business.

Here are the top takeaways from this episode:

- Business owners are coming to the banker too late. They get themselves into a contract that they can't get out of and don't even know if they can get the loan or not.

- Be prepared financially and build a relationship with the banker before you need to do something large.

- A big obstacle to growing your business is too much debt. If you're thinking of growing, get out of the debt situation that you're in. In some cases you can do that, but in most cases it's not gonna work.

To access the full video, show notes and resources from this episode, please visit https://scaleyoursmallbusiness.org/blog/.

If you have any comments or questions about the podcast, please connect with us using one of the options below:

• Website Link - https://www.jillianflodstrom.com
• Facebook Link -https://www.facebook.com/jillianflodstrom/
• Instagram Link -https://www.instagram.com/jillianflodstrom/
• Twitter Link - https://twitter.com/jflodstrom
• YouTube Link -https://www.youtube.com/c/JillianFlodstrom
• LinkedIn Link -https://www.linkedin.com/in/jillianflodstrom/
• Pinterest Link -https://www.pinterest.com/jillianflodstrom/boards/
• Clubhouse Link - jflodstrom

In this episode of Scale Your Small Business, we have bookkeeper Heather Hitchcock with us. She's teaching us how to know when its time to hire a bookkeeper, the value and benefits a bookkeeper will bring to your business, and how to find the right one for your business.

Here are the top takeaways from this episode:

• A bookkeeper is important because it's the best way to know what you can actually pay yourself. They can help you understand how much money your business is making and how much money you can take home.

• The two biggest things that are most important when hiring a bookkeeper are finding somebody that's gonna be straight with you and push back when you know you're overspending and the other is experience.

• One of the best things a bookkeeper can a business owner get comfortable with are their financial statements. The more you review them together the more you start to understand what you're looking at, what it means, and why you have all this income but don't have cash in the bank.

To access the full video, show notes and resources from this episode, please visit https://scaleyoursmallbusiness.org/blog/.

If you have any comments or questions about the podcast, please connect with us using one of the options below:

• Website Link - https://www.jillianflodstrom.com
• Facebook Link -https://www.facebook.com/jillianflodstrom/
• Instagram Link -https://www.instagram.com/jillianflodstrom/
• Twitter Link - https://twitter.com/jflodstrom
• YouTube Link -https://www.youtube.com/c/JillianFlodstrom
• LinkedIn Link -https://www.linkedin.com/in/jillianflodstrom/
• Pinterest Link -https://www.pinterest.com/jillianflodstrom/boards/
• Clubhouse Link - jflodstrom

In this episode of Scale Your Small Business, we're shining the spotlight on the Chief Operating Officer of Exeter Building Company, Steven Dunn. He will share with us how to negotiate with vendors effectively and how to handle and prevent the "fires" that small business owners encounter every day.

Here are the top takeaways from this episode:

• It's critical if you have a team to leverage them. When you experience fires, it's important to involve them to help you problem-solve. This helps your team grow and shows them you have confidence in them to solve problems.
• Negotiating on more than just price is critical. Focusing on just price can lead you into traps, but you learn every time.
• Review and rate your vendors regularly. Consider their importance to your business. What is their cost? What is their work quality? Get feedback from your team. Use the feedback to negotiate with your vendors by comparing them to their competitors.

To access the full video, show notes and resources from this episode, please visit https://scaleyoursmallbusiness.org/blog/.

If you have any comments or questions about the podcast, please connect with us using one of the options below:

• Website Link - https://www.jillianflodstrom.com
• Facebook Link -https://www.facebook.com/jillianflodstrom/
• Instagram Link -https://www.instagram.com/jillianflodstrom/
• Twitter Link - https://twitter.com/jflodstrom
• YouTube Link -https://www.youtube.com/c/JillianFlodstrom
• LinkedIn Link -https://www.linkedin.com/in/jillianflodstrom/
• Pinterest Link -https://www.pinterest.com/jillianflodstrom/boards/
• Clubhouse Link - jflodstrom

Multiple business owner Dr. Alex Tam joins us on the show this week to show us how you can run multiple businesses efficiently and what to do when fear and procrastination are keeping you from moving forward in your business.

Here are the top takeaways from this episode:

• Having people and systems together makes the day-to-day running of a small business easier to run and more efficient. For example, in Dr. Tam's medical practice he has the doctors, the nurse practitioners, and his office manager all integrated doing the same thing and working together after the same goal.
• Always look for employees who have the will and the adaptability to be able to learn more so that they can grow with the business.
• By the time you've thought of hiring an employee, you probably needed one a few months ago.

To access the full video, show notes and resources from this episode, please visit https://scaleyoursmallbusiness.org/blog/.

If you have any comments or questions about the podcast, please connect with us using one of the options below:

• Website Link - https://www.jillianflodstrom.com
• Facebook Link -https://www.facebook.com/jillianflodstrom/
• Instagram Link -https://www.instagram.com/jillianflodstrom/
• Twitter Link - https://twitter.com/jflodstrom
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• LinkedIn Link -https://www.linkedin.com/in/jillianflodstrom/
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• Clubhouse Link - jflodstrom

Emerging business leader Dara Forleo is joining us on the show this week to help us understand how crucial your business plan is and the importance of setting up policies and procedures to support your growing business.

Here are the top takeaways from this episode:

• You're going to make mistakes in your business, Dara recommends that you budget for somebody to help you like a mentor or a business coach.
• Put processes and procedures in place. Be stringent with your policies, procedures, and daily planning in order for your business to run smoothly.
• Business plans are your foundation. Once you start building on your foundation, you're going to find that your plan will try to go in other directions. You will be met with little curves and hiccups, so you'll need a secondary way of doing things or another thought of "How am I going to work around this?" Flexibility is important.

To access the full video, show notes and resources from this episode, please visit https://scaleyoursmallbusiness.org/blog/.

If you have any comments or questions about the podcast, please connect with us using one of the options below:

• Website Link - https://www.jillianflodstrom.com
• Facebook Link -https://www.facebook.com/jillianflodstrom/
• Instagram Link -https://www.instagram.com/jillianflodstrom/
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Today's guest started a business from literally nothing. She miraculously built it into a massive business, sold it, and then started a new business.

This is encouraging for all entrepreneurs!! Yes, you can start from nothing, grow it, sell it and start a new business!

Here are the top takeaways from this episode:

• How to grow outside of your comfort zone as a business owner
• How to identify your strengths and weaknesses
• How to prepare to sell your business for the highest dollar possible

To access the full video, show notes and resources from this episode, please visit https://scaleyoursmallbusiness.org/blog/.

If you have any comments or questions about the podcast, please connect with us using one of the options below:

• Website Link - https://www.jillianflodstrom.com
• Facebook Link -https://www.facebook.com/jillianflodstrom/
• Instagram Link -https://www.instagram.com/jillianflodstrom/
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• YouTube Link -https://www.youtube.com/c/JillianFlodstrom
• LinkedIn Link -https://www.linkedin.com/in/jillianflodstrom/
• Pinterest Link -https://www.pinterest.com/jillianflodstrom/boards/
• Clubhouse Link - jflodstrom

In this episode of Scale Your Small Business, we are talking about how to explode your income and achieve quantum leaps in all areas of life with speaker and sales coach, Elyse Archer and your host, Jillian Flodstrom.

In this episode, you'll learn:

• How to feel worthy of setting and achieving big goals
• How to heal your relationship with money and why it's probably holding you back
• How to explode your income and have quantum leaps in your business

To access the full video, show notes and resources from this episode, please visit https://scaleyoursmallbusiness.org/blog/.

If you have any comments or questions about the podcast, please connect with us using one of the options below:

• Website Link - https://www.jillianflodstrom.com
• Facebook Link -https://www.facebook.com/jillianflodstrom/
• Instagram Link -https://www.instagram.com/jillianflodstrom/
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