The Bold Money Revolution

Hey, hey, Bold leaders. Welcome to The Bold Money Revolution Podcast. I'm your host, Tara Newman. And I'm here today with Erin O'Malley. 

The reason why I have Erin O'Malley on the podcast today is that we have opened up enrollment for the Bold Money Mastermind, which begins in January 2022, and we are sharing some case studies and some stories of women who are in the group and what their journey has looked like. So you can, one, decide if this is something that you want to apply for, but really, I like highlighting women's journeys through small business ownership because I think it's important to have real conversations. 

I really hope that you enjoy Erin's story, and I hope that you get something out of it.

Get your Revenue Goal Calculator - https://theboldleadershiprevolution.com/revenue-goal-calculator

Today, we're going to be talking about how to know if the Bold Money Mastermind is right for you. Every year, in the fall, we open the Bold Money Mastermind for enrollment for the next year. It is my only program that really has a hard open and close right now, and this is the time of year that we are talking to people about whether or not they want to be stepping up into this container of work for the next year.

The reason why we give it a lot of time is that I think that we should be giving you the time to make this decision, the time to gather your information. I want the time to get to know you and your business so that I can very honestly and transparently help you in making the best decision for your development.

Stay tuned for the whole show because at the end I'm asking four really good questions to journal on as you consider what your investments are for next year. 

Listen to this next...

Are you coachable?

Get your Revenue Goal Calculator - https://theboldleadershiprevolution.com/revenue-goal-calculator

I'm excited to share this week's podcast because I am interviewing Stacey Harris from Uncommonly More who is the producer of The Bold Money Revolution, and also a member in my Mastermind program, the Bold Money Mastermind, and she's actually been with me for quite a number of years.

We are looking back along the timeline that she has gone through and her ups and her downs over the time that we've been working together, one, because I want to normalize these things for business owners and two, because we are opening—it is open now—the Bold Money Mastermind for 2022.

Listen in now to hear us look back at the changes Stacey has made, including the process of productizing her service to reduce her time.

Learn more about the 2022 Bold Money Mastermind at theboldleadershiprevolution.com/mastermind

Get your Revenue Goal Calculator - https://theboldleadershiprevolution.com/revenue-goal-calculator

In this episode, we're talking about knowing your numbers, because I've been seeing a lot of content out there about knowing your numbers, but we're not talking about what numbers those are, and we're not talking about them specifically in terms of your financial metrics within your business.

In this episode today, I'm presenting a big idea. I'm basically asking the question...

What if the most important metric in our business isn't revenue? 

What if it's not even profitability? 

What if a key performance indicator for our business is actually our personal net worth and deciding whether or not these businesses that we're running are positively or negatively actually impacting our net worth as a person and as a human being?

I see small business owners who come into the business space, they want financial freedom and they want personal freedom. And sometimes that financial freedom that they want, that they're chasing infringes upon their personal freedom. 

I want to hear from you, reach out and share your takeaways from today’s episode.

Get your Revenue Goal Calculator - https://theboldleadershiprevolution.com/revenue-goal-calculator

Today, I am going to very transparently take you behind the scenes and share how I manage my business finances in less than an hour a month. The purpose of sharing this process is to give you an example of how implementing Profit First can save you a ton of time and energy in ways you might not have realized. 

This is how we can support you in The Bold Profit Academy to take you from fearful around money to a financial powerhouse.

https://theboldleadershiprevolution.com/the-bold-profit-academy/

Get your Revenue Goal Calculator - https://theboldleadershiprevolution.com/revenue-goal-calculator

Today is my absolute favorite episode. We are talking about how to create your Thrive List. So if you are the person who's anti-budget, or you're like, do I use YNAB or Mint? This episode is for you because we are going to teach you how to save money without sacrificing the things that bring you joy.

I can't think of a better way to save money than focusing actually on the things that we need to thrive and prosper and just doing away with some of the rest of it. If like me, you in the past have tried to budget and you feel like a budgeting failure this is the episode for you because I’m sharing why I created the Thrive List and the impact it’s had for me personally and in my business.

Links Mentioned 

https://theboldleadershiprevolution.com/will-you-make-this-commitment-to-me/

https://theboldleadershiprevolution.com/the-bold-profit-academy/

Get your Revenue Goal Calculator - https://theboldleadershiprevolution.com/revenue-goal-calculator

The toughest part of owning a business is money management, especially when you’re first starting. Many people who open small business owners aren’t finance graduates. Without knowledge on how to properly manage your money, things can become messy fast, leading to you making some big money mistakes.  

If you weren't taught how to do something and then you combine that with the internet marketing world telling you what you should want for your business, it can start to feel like a game of monopoly. So, instead of having a money management system, you operate on luck and hope you bring in enough, which would explain why 83% of small business owners are living paycheck-to-paycheck.

We need to clear up the energy around these money mistakes so you can make money a lot easier, so you can keep more of your money, and so you can have financial peace of mind because that is really what I want to do for you. Keep reading to learn if you’re making big-money mistakes and what you can do to fix them!

Revenue Goal Calculator - https://theboldleadershiprevolution.com/revenue-goal-calculator/

Get your Revenue Goal Calculator - https://theboldleadershiprevolution.com/revenue-goal-calculator

In this conversation with a veteran business owner and a dear friend of mine, Maggie Patterson. She is not only an agency owner of Scoop Studios, but she's also a mentor for service-based business owners. 

Maggie and I often find ourselves ranting to each other about some of the things that we're seeing happen in the traditional online business space. Maggie and I both come from outside of that space. We have had long careers in corporate or private businesses that were decades in the making before we started running our businesses online. 

We rant because we're concerned. 

Maggie and I have a similar mission. We're here to wake women business owners up and show them that it doesn't have to be the way they're seeing it and trying to be one part, “Let's get educated,” and one part, “Let's guide the path out from some of what we're seeing.” 

This conversation is an inside look at some of those conversations and speaks to why I’m so passionate about this and why now more than ever I’m passionate about each of us being better consumers.

Get your Revenue Goal Calculator - https://theboldleadershiprevolution.com/revenue-goal-calculator

Do you have a revenue goal that feels elusive right now?

In a world where everything is shifting and there are plenty of people on here and other corners of the internet telling you how much you “should” earn, it can be overwhelming to determine what revenue goals really align with your life and business needs. 

That’s why I talk so much about how to use Profit First to think about your revenue differently and to get different results than you’ve been seeing. It’s also why we created the Revenue Goal Calculator.

Truly one of my biggest aha moments in business is related to this and I share it with you in this episode so you can benefit from it too.

If you are someone who feels muddled when it comes to revenue goals, or what you need to get where you are trying to head - both in life and business - then this episode is a must-listen. 

Get your Revenue Goal Calculator - https://theboldleadershiprevolution.com/revenue-goal-calculator

We’ve got another exceptional guest on the podcast this week.

Susanne Mariga, author of “Profit First for Minority Business Enterprises” is with us, and does she have great stories and insights to share.

Susanne is a fellow certified Profit First Professional and I have to tell you, I ended up in a Susanne rabbit hole recently. I’ve just loved all she’s sharing and doing and couldn’t wait to have her join us in this space too.

I know you’ll enjoy hearing her story and the “why” behind writing “Profit First for Minority Business Enterprises”.

I’m so grateful to have her share her experience and knowledge with us, enjoy it.

Full Transcript at https://theboldleadershiprevolution.com/susanne-mariga/

Get your Revenue Goal Calculator - https://theboldleadershiprevolution.com/revenue-goal-calculator