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In this episode of the Small Business Big Money podcast, Gina Knox and Anne Nguyen discuss Anne's journey through burnout, financial challenges, and the transformation of her business. They explore the emotional and practical aspects of managing debt, making wise investments, and the importance of mindset in entrepreneurship. Anne shares her experiences of navigating the complexities of running a business while dealing with personal struggles, and how coaching has helped her shift her perspective on wealth and success. The conversation highlights the significance of making informed financial decisions and the impact of personal growth on professional success.

00:00 - Introduction and Background
01:42 - The Journey to Burnout
10:16 - Navigating Investments and Financial Strategies
15:40 - Understanding Wealth and Generational Impact
25:31 - Reframing Debt and Financial Perspectives
32:22 - Understanding Debt and Its Root Causes
34:37 - Mindset Shifts Around Wealth and Debt
36:39 - Business Rebuilding: From Negative to Positive Profit
43:41 - Cutting Expenses and Owner's Pay for Growth
49:21 - The Importance of Temporary Sacrifices for Long-Term Success

Ann is a Tantra Teacher & Somatic Sex, Love, & Relationship Coach for powerful, legacy-creating WOC whose work centers on pleasure & the erotic as liberatory practices for personal & collective empowerment.

She teaches women how to love their bodies, create thriving intimate relationships, and channel eroticism into better relationships, career, creativity, spiritual power, leadership and self love.

Through her coaching, she reconnects women to the power of their sexuality and facilitates deep transformation for erotic reclamation.

Website: www.theannnguyen.com 
Instagram: www.instagram.com/theannnguyen 
Podcast: Love, Sex & Pleasure with Ann Nguyen: https://www.buzzsprout.com/2321776 

Category: Entrepreneurship

Keywords: burnout recovery, business rebuild, money shame, debt spiral, money mindset shifts, wealth building strategies, generational wealth, immigrant daughter story, financial coaching, investing decisions, Roth conversion, retirement planning, profit increase, financial transformation, trust fund baby redefined, rich white man money moves, emotional side of money, breaking money cycles, financial strategies

Register for my FREE debt class for entrepreneurs: https://ginaknox.co/free-training 

Join Small Business Money School: https://ginaknox.co/school 

Join the waitlist for the 7 Figure Wealth Mastermind: https://ginaknox.co/mastermind 

In this episode of Small Business Big Money, Gina Knox emphasizes the importance of financial management for small business owners, particularly those just starting out. She discusses the basics of managing finances, including the necessity of separate business accounts, understanding income and expenses, and the significance of knowing your numbers. Gina also highlights the importance of profit, the dangers of quitting a job prematurely, and the need to identify current business problems to spend wisely. The episode serves as a foundational guide for baby business owners to set themselves up for financial success.

00:00 - Introduction to Financial Thriving for Small Businesses
00:57 - Back to Basics: Owner's Pay and Financial Management
02:52 - The Importance of Separate Business Accounts
07:09 - Understanding Your Numbers: Income and Expenses
12:28 - Profit and Its Role in Business
15:52 - Avoiding Premature Quitting: Financial Security
18:10 - Identifying Business Problems and Spending Wisely
29:58 - Recap: Key Takeaways for Baby Business Owners

Category: Entrepreneurship

Keywords: small business, financial coaching, owner's pay, business management, financial security, entrepreneurship, business expenses, profit, cash flow, business growth

Register for my FREE debt class for entrepreneurs: https://ginaknox.co/free-training 

Join Small Business Money School: https://ginaknox.co/school 

Join the waitlist for the 7 Figure Wealth Mastermind: https://ginaknox.co/mastermind 

In this episode, Gina Knox reflects on her journey to achieving her first million dollar year in business. She shares the challenges she faced, including navigating grief and parenthood, and how mindset shifts and support from her partner and community played crucial roles in her success. Gina emphasizes the importance of patience, emotional resilience, and defining success beyond financial goals. She discusses her marketing strategies, the significance of building a team, and the impact of financial freedom on her lifestyle. Ultimately, Gina celebrates her achievements and looks forward to future aspirations, encouraging others to embrace their own go years.

00:00 - Celebrating Milestones: A Million Dollar Year
03:03 - The Journey Begins: From Side Hustle to Success
06:01 - Navigating Life Changes: Grief, Parenthood, and Business
09:02 - Mindset Shifts: Embracing Risk and Letting Go
11:57 - The Power of Support: Partner and Community Dynamics
14:42 - The Slow Road to Success: Patience and Growth
17:51 - Overcoming Burnout: Lessons Learned and Strategies
20:57 - Financial Freedom: The Impact of Wealth on Life
23:57 - Building a Team: Contractors vs. Employees
27:00 - Marketing Strategies: Launches and Email Marketing
29:54 - The Emotional Journey: Navigating Feelings in Business
32:48 - Defining Success: Personal Goals vs. Business Goals
35:57 - Mom Guilt and Balancing Life: Parenting and Business
38:51 - The Importance of Community: Surrounding Yourself with Support
41:51 - Living an Extraordinary Life: Embracing Ambition
44:38 - The Future: Goals and Aspirations Beyond a Million
47:44 - Final Thoughts: Celebrating Achievements and Growth

Website: https://kirstenroldan.com/ 
Instagram: https://www.instagram.com/kirstenroldan/ 

Category: Entrepreneurship

Keywords: business growth, financial coaching, entrepreneurship, mindset, burnout, parenting, marketing strategies, community support, wealth, success

Register for my FREE debt class for entrepreneurs: https://ginaknox.co/masterclass-ad 

Join Small Business Money School: https://ginaknox.co/school 

Join the waitlist for the 7 Figure Wealth Mastermind: https://ginaknox.co/mastermind 

In this episode, Gina Knox interviews Cathy Yerges, a cafe and specialty food store owner from Cambridge, Wisconsin. Cathy shares her journey of starting her business just before the COVID-19 pandemic and the challenges she faced, including navigating debt and the need to pivot her business model. She discusses the importance of community support, the lessons learned from joining Small Business Money School, and how she has shifted her focus to new revenue streams, including opening a bookstore. Cathy emphasizes the value of vulnerability and community in overcoming business challenges and shares her excitement about future growth and stability.

00:00 - Introduction to Cathy Yerges and Her Business Journey
05:16 - Navigating COVID Debt and Financial Challenges
22:23 - Embracing Change and Letting Go
23:37 - Paying Off Debt and Financial Freedom
26:30 - Inventory Management and Cash Flow Strategies
32:11 - Navigating Emotional Challenges in Business
33:51 - The Importance of Community and Support
36:10 - Realities Behind Business Success
39:31 - Taking Control of Your Business Journey

Cathy Yerges is a leader with a servant's heart, believing collaboration beats competition every time. She embraces the philosophy that ""it takes a village"" to create meaningful change and transform neighbors into friends. With a background in banking and finance, Cathy is passionate about revitalizing Main Street and rural living through community building.

Cathy owns Cambridge Market, a cafe and specialty food store, and recently opened Mustard Seed Books, creating gathering places where people break bread, share conversation, and support local makers. Her work focuses on promoting collective well-being and strengthening community bonds through simple acts of coming together and celebrating local talent.

She also serves as Executive Director and co-founder of Collaborative 523, Inc., driving community development initiatives throughout Cambridge, Wisconsin.

Website: https://www.cambridgemarket.net 
Facebook: https://www.facebook.com/cambridgemarket 
Instagram: https://www.instagram.com/cambridge_market/ 

Category: Entrepreneurship

Keywords: small business, COVID-19, COVID debt, financial challenges, community support, entrepreneurship, business coaching, debt management, revenue streams, local business, business growth, merchant financing, square loan, small business loan, inventory management

Register for my FREE debt class for entrepreneurs: https://ginaknox.co/masterclass-ad 

Join Small Business Money School: https://ginaknox.co/school 

Join the waitlist for the 7 Figure Wealth Mastermind: https://ginaknox.co/mastermind 

In this engaging conversation, Ashley Rose shares her entrepreneurial journey, highlighting her expertise in Airtable and automation. She discusses her financial growth, the importance of simplifying offers, and the challenges she faced, including managing debt and navigating a divorce. The discussion emphasizes the significance of having streamlined systems in place for business success and the value of focusing on one core offer to drive growth. Ashley also reflects on her evolving relationship with money and debt, advocating for a mindset shift towards viewing debt as a tool rather than a burden.

00:00 - Introduction to Ashley Rose
03:11 - The Power of Airtable
05:58 - Financial Growth and Business Metrics
08:58 - Navigating Challenges and Mistakes
11:55 - The Importance of Offer Simplification
14:50 - Debt Management and Financial Strategies
17:52 - The Role of Systems in Business Success
20:44 - Final Thoughts on Entrepreneurship
 

Ashley Rose is an automations and Airtable expert, who has helped hundreds of coaches move off of spreadsheets and into streamlined & automated systems. As a neurodivergent business owner, she knows the power of systems to scale your group program & business on part-time hours, without sacrificing client experience or burning out.

Her 12 month systems support container, Systems Over Stress, helps online coaches build client management Airtable systems that reduce overwhelm, save hours of admin time and team cost, and improve their client experience as they scale.

Website: https://systemsoverstress.co/ 
Instagram: https://www.instagram.com/systemsoverstress/ 
Youtube: https://www.youtube.com/@systemsoverstress 

Category: Entrepreneurship

Keywords: Airtable, entrepreneurship, business growth, financial management, systems, automation, debt management, offers, coaching, automation expert, divorce, debt, stripe loans, stripe

Register for my FREE wealth class for entrepreneurs hosted every week: https://ginaknox.co/free-training

Join Small Business Money School: https://ginaknox.co/school  

Join the waitlist for the 7 Figure Wealth Mastermind: https://ginaknox.co/mastermind  

In this final episode of the Wealthy Business Owner series, Gina Knox discusses the essential mindset and strategies for building wealth as a business owner. She emphasizes the importance of understanding personal life goals over merely following traditional financial rules. By prioritizing what kind of life one wants to live, business owners can reverse engineer their financial strategies to align with their aspirations. Gina also addresses the challenges of decision-making, the pitfalls of the sunken cost fallacy, and encourages listeners to question conventional financial wisdom in pursuit of a fulfilling life.

Timestamps:

00:00 - Introduction to Wealth Building
02:55 - The Mindset of Wealthy Business Owners
05:50 - Breaking the Rules of Money Management
09:11 - The Importance of Personal Values in Financial Decisions
11:59 - Navigating Financial Choices and Strategies
14:51 - Overcoming the Sunken Cost Fallacy
18:12 - Conclusion and Call to Action

Takeaways:

Category: Investing

Keywords: wealth building, financial strategy, business owner mindset, money management, life goals, financial independence, decision making, sunken cost fallacy, personal finance, wealth creation

Register for my FREE wealth class for entrepreneurs hosted every week: https://ginaknox.co/free-training

Join Small Business Money School: https://ginaknox.co/school  

Join the waitlist for the 7 Figure Wealth Mastermind: https://ginaknox.co/mastermind  

In this episode of the Wealthy Business Owner series, Gina Knox explores the principles of being good with money and the mindset of wealthy entrepreneurs. She challenges conventional investment rules, emphasizing the importance of flexibility and strategic decision-making in wealth building. By sharing her personal experiences and insights, Gina encourages listeners to push past traditional financial norms to achieve greater success in their business ventures.

Timestamps:

00:00 - Introduction to Wealthy Business Ownership
02:23 - Challenging Conventional Investment Rules
06:45 - The Mindset of Wealthy Entrepreneurs
10:28 - Breaking the Rules for Greater Wealth

Takeaways:

Category: Investing

Keywords: wealthy business owner, investing, financial rules, entrepreneurship, money management, tax strategies, investment strategies, financial mindset, wealth building, business growth

Register for my FREE wealth class for entrepreneurs hosted every week: https://ginaknox.co/masterclass-ad 

Join Small Business Money School: https://ginaknox.co/school  

Join the waitlist for the 7 Figure Wealth Mastermind: https://ginaknox.co/mastermind  

In this episode, Gina Knox discusses the importance of understanding the true purpose of savings and money management for business owners. She emphasizes that while traditional views suggest savings should be hoarded, wealthy business owners recognize that savings are meant to be spent strategically to foster growth and opportunity. Gina shares insights on the mindset shift required to break free from the cycle of hoarding and encourages listeners to utilize their savings effectively to enhance their financial well-being and business success.

Timestamps:

00:00 - The Nuances of Saving
05:45 - Understanding the Purpose of Money
12:01 - Breaking the Cycle of Hoarding Savings

Takeaways:

Category: Saving

Keywords: saving, wealthy business owner, money management, financial growth, spending mindset, cash flow, investment, emergency fund, business strategy, wealth building

Register for my FREE wealth class for entrepreneurs hosted every week: https://ginaknox.co/masterclass-ad 

Join Small Business Money School: https://ginaknox.co/school  

Join the waitlist for the 7 Figure Wealth Mastermind: https://ginaknox.co/mastermind  

In this episode, Gina Knox discusses the critical aspects of managing money as a business owner, emphasizing that emotional management is far more important than mere bean counting. She explains how business owners face unique financial challenges and stresses the importance of pausing to process emotions before taking action. Gina introduces the concept of 'unbothered energy' as a way to navigate financial stress and encourages listeners to focus on emotional resilience to foster business growth.

Timestamps:

00:00 - Rethinking Money Management
02:53 - The Emotional Side of Business Finance
05:45 - The Importance of Pausing Before Action
09:07 - Unbothered Energy in Business
11:59 - Beyond Bean Counting: The Path to Wealth

Takeaways:

Category: Wealth

Keywords: money management, emotional intelligence, business finance, wealth building, emotional resilience, financial strategy, business growth, unbothered energy, mindset, financial literacy

Register for my FREE wealth class for entrepreneurs hosted every week: https://ginaknox.co/masterclass-ad 

Join Small Business Money School: https://ginaknox.co/school  

Join the waitlist for the 7 Figure Wealth Mastermind: https://ginaknox.co/mastermind  

In this conversation, Gina Knox emphasizes the importance of spending as a foundational skill in wealth management. She discusses how debt is fundamentally a spending problem and encourages listeners to shift their mindset from traditional views of saving to strategic spending that drives business growth. By identifying what truly moves the needle in their finances, business owners can make informed decisions about their expenditures. Additionally, Gina explores the emotional aspects of spending, urging listeners to understand their motivations behind purchases. Practical strategies are provided to help individuals make better spending decisions, ultimately leading to improved financial outcomes.

Timestamps:

00:00 - The Importance of Spending in Wealth Management
02:50 - Understanding Debt as a Spending Problem
06:11 - Shifting Mindsets: From Saving to Strategic Spending
08:57 - Identifying What Moves the Needle
12:07 - Emotional Spending: Understanding Your Motivations
14:56 - Practical Strategies for Better Spending Decisions

Takeaways:

Category: Wealth

Keywords: spending, wealth management, business debt, personal finance, emotional spending, financial strategy, budgeting, investing, money mindset, business growth