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The Money Problem Every Service Business Faces | Michael Yasny
GROWTH PILLAR: Sales & Revenue
WHO THIS IS FOR: SMB owners / Solopreneurs / New business owners / Leaders building systems
WHAT THEY'LL GAIN: Real financing strategies, the team of three every business needs, and the cash flow decisions that keep your doors open.
Most new business owners don't run out of ideas. They run out of money — and they never saw it coming.
Michael Yasny has spent decades helping new businesses, growing businesses, and businesses in financial trouble find financing they didn't know existed. In this Canada Growth Network session, he breaks down exactly what it takes to set up a business the right way — before you open the door.
Michael covers the team of three every owner needs on day one: a corporate lawyer, a business accountant, and a business advisor. Not a coach. Not a general practitioner. The specific people who understand commercial documents, tax setup, and alternative financing.
He explains why you should incorporate on day one — and the one question you ask your accountant to find out if they're worth keeping. He walks through how family financing works, what a real loan structure looks like when you pull equity from your home, and why asking for less money than you need is one of the most dangerous things a new owner can do.
Michael also covers pricing strategy, what happens when you try to grow too fast into big-box retail, how to handle supplier disputes without burning relationships, and why paying your team more often costs you less.
This is a practical, no-fluff session for anyone thinking about starting a business — or anyone who opened one and is wondering why the money keeps disappearing.
Connect with Michael Yasny:
Website: Money Consultants
LinkedIn: Michael Yasny
Books: Michael Yasny on Amazon
Browse all episodes
— PARTNERS ON THIS EPISODE —
Canada Growth Network — A business community where SMBs and solopreneurs get real connections and access to GoHighLevel CRM for $47/month Canadian.
Profit10™ — Take the free Profit Snapshot and find out what's really holding your business back across ten key drivers.
Property Wizard Podcast with Fred Crouch — Practical real estate and wealth-building conversations for anyone who wants to put property to work.
Next Steps
Disclaimer: Everything you heard today is for educational purposes only. It's not professional advice. Before you act on anything — talk to a certified expert in your area. Your accountant. Your lawyer. Someone who knows your situation.
We share perspectives. You make the decisions.
Want more? Head over to blog.knack4business.com — packed with practical episodes on AI, marketing, leadership, and growth. No fluff. Just the good stuff. Subscribe while you're there.
Until next time; keep building.
Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
View all episodes
By Bernie FranzgroteGROWTH PILLAR: Sales & Revenue
WHO THIS IS FOR: SMB owners / Solopreneurs / New business owners / Leaders building systems
WHAT THEY'LL GAIN: Real financing strategies, the team of three every business needs, and the cash flow decisions that keep your doors open.
Most new business owners don't run out of ideas. They run out of money — and they never saw it coming.
Michael Yasny has spent decades helping new businesses, growing businesses, and businesses in financial trouble find financing they didn't know existed. In this Canada Growth Network session, he breaks down exactly what it takes to set up a business the right way — before you open the door.
Michael covers the team of three every owner needs on day one: a corporate lawyer, a business accountant, and a business advisor. Not a coach. Not a general practitioner. The specific people who understand commercial documents, tax setup, and alternative financing.
He explains why you should incorporate on day one — and the one question you ask your accountant to find out if they're worth keeping. He walks through how family financing works, what a real loan structure looks like when you pull equity from your home, and why asking for less money than you need is one of the most dangerous things a new owner can do.
Michael also covers pricing strategy, what happens when you try to grow too fast into big-box retail, how to handle supplier disputes without burning relationships, and why paying your team more often costs you less.
This is a practical, no-fluff session for anyone thinking about starting a business — or anyone who opened one and is wondering why the money keeps disappearing.
Connect with Michael Yasny:
Website: Money Consultants
LinkedIn: Michael Yasny
Books: Michael Yasny on Amazon
Browse all episodes
— PARTNERS ON THIS EPISODE —
Canada Growth Network — A business community where SMBs and solopreneurs get real connections and access to GoHighLevel CRM for $47/month Canadian.
Profit10™ — Take the free Profit Snapshot and find out what's really holding your business back across ten key drivers.
Property Wizard Podcast with Fred Crouch — Practical real estate and wealth-building conversations for anyone who wants to put property to work.
Next Steps
Disclaimer: Everything you heard today is for educational purposes only. It's not professional advice. Before you act on anything — talk to a certified expert in your area. Your accountant. Your lawyer. Someone who knows your situation.
We share perspectives. You make the decisions.
Want more? Head over to blog.knack4business.com — packed with practical episodes on AI, marketing, leadership, and growth. No fluff. Just the good stuff. Subscribe while you're there.
Until next time; keep building.
Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.