The Profit Talk: Entrepreneurship With A Profit First Spin

Welcome to The Profit Talk! In this show, we're going to help you explore strategies to help you maximize profits in your business while scaling and creating the lifestyle that you want as an entrepreneur. I am your host, Susanne Mariga! I'm a CPA, a Fractional CFO, and a Certified Profit First Professional Mastery Level providing tax strategies to 7 and 8-figure entrepreneurs. Let's dive into strategies to maximize profits in your business!

Check out today's episode where I talk about Strategic Planning: What Works and What Doesn't.

Key Takeaways

• Understanding the importance of identifying which business processes to continue or stop
• The role of metrics and KPIs in making informed business decisions
• Leveraging data analysis for strategic planning and removing unproductive activities
• The risks of relying solely on intuition instead of data for business assessments
• The necessity of understanding financial figures to prevent significant business losses
• Applying the Pareto principle to focus on the most profitable business aspects and cut losses
• Adjusting pricing, staff training, and using data for monthly strategic planning to ensure profitability

Visit my FREE Facebook Group, The Profit First Masterclass, where I'll be sharing additional exclusive trainings to members of the community.

If you're excited about what's next for your business and upcoming episodes, please head to our itunes page and give us a review! Your support will help me to bring in other amazing expert interviews to share their best tips on how to powerfully grow in your business!

DISCLAIMER: The information contained within these videos is provided 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 the content of this video. Any U.S. federal tax advice contained within is not intended to be used for the purpose of avoiding penalties under U.S. federal tax law.

Welcome to The Profit Talk! In this show, we're going to help you explore strategies to help you maximize profits in your business while scaling and creating the lifestyle that you want as an entrepreneur. I am your host, Susanne Mariga! I'm a CPA, a Fractional CFO, and a Certified Profit First Professional Mastery Level providing tax strategies to 7 and 8-figure entrepreneurs. Let's dive into strategies to maximize profits in your business!

Join us on our new podcast as we dive into the pivotal world of mergers and acquisitions with the wisdom of Marty Fahncke, a masterful marketer with a rich background in setting businesses up for success. Listen to thought-provoking discussions that unveil why individuals opt to purchase businesses and how the right preparation for selling your business can ignite renewed passion for your venture. Discover how timely and strategic planning can shield against expedited, undervalued exits due to life's unexpected turns and how cultivating a sustainable operation can exponentially increase your business's worth. Delve into the finer points of selecting a standout business broker to ensure a smooth sale, and cap it off with life-altering advice that could redefine your business's future. Whether peak or downturn, this episode offers strategies to maximize value and exit triumphantly.

Key Takeaways

1. Learn the key steps in preparing your business for sale to maximize its value.
2. Understand why purchasing an existing business may be a more attractive option than starting from scratch.
3. Discover how getting your business 'sale-ready' can invigorate your passion and potentially improve the business's performance.
4. Hear why it's crucial to prepare for unforeseen events and how it can impact the selling process.
5. Gain insights into the importance of profit over revenue and having solid operational systems for attracting buyers.
6. Explore the three core elements for sale preparation: operational systems, a profit-first approach, and the owner's role reduction.
7. Learn the best timing for selling a business and how proper readiness can affect the duration of the sales process.

Connect with Marty at https://www.linkedin.com/in/martyfahncke/ or visit his website at https://www.westboundroad.com/

Visit my FREE Facebook Group, The Profit First Masterclass, where I'll be sharing additional exclusive trainings to members of the community.

If you're excited about what's next for your business and upcoming episodes, please head to our itunes page and give us a review! Your support will help me to bring in other amazing expert interviews to share their best tips on how to powerfully grow in your business!

DISCLAIMER: The information contained within these videos is provided 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 the content of this video. Any U.S. federal tax advice contained within is not intended to be used for the purpose of avoiding penalties under U.S. federal tax law.

Welcome to The Profit Talk! In this show, we're going to help you explore strategies to help you maximize profits in your business while scaling and creating the lifestyle that you want as an entrepreneur. I am your host, Susanne Mariga! I'm a CPA, a Fractional CFO, and a Certified Profit First Professional Mastery Level providing tax strategies to 7 and 8-figure entrepreneurs. Let's dive into strategies to maximize profits in your business!

In this podcast, we dive into strategies for managing cash flow and optimizing profitability in your business. You'll learn how to determine the revenue needed during peak seasons to sustain your business through slower periods, deploy excess cash effectively, and use specialized vault savings accounts to protect funds for operational expenses and inventory purchases.

I also share the importance of analyzing profit and loss statements to identify seasonal trends and forecast cash flows. Join us as we explore these topics and more, empowering you to have your most profitable year ever, regardless of external circumstances.

• Discover how to determine the revenue needed during peak seasons to sustain your business through slower periods
• Learn strategies for managing excess cash in your business bank accounts to avoid falling into the trap of Parkinson's law
• Understand the importance of using specialized vault savings accounts to protect funds for operational expenses and inventory purchases
• Gain insights into the significance of running a business on budgeted expenses and exercising stewardship
• Learn how to analyze profit and loss statements to reveal seasonal trends and forecast cash flows
• Develop an optimum pricing strategy to achieve target revenue and profitability

Visit my FREE Facebook Group, The Profit First Masterclass, where I'll be sharing additional exclusive trainings to members of the community.

If you're excited about what's next for your business and upcoming episodes, please head to our itunes page and give us a review! Your support will help me to bring in other amazing expert interviews to share their best tips on how to powerfully grow in your business!

DISCLAIMER: The information contained within these videos is provided 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 the content of this video. Any U.S. federal tax advice contained within is not intended to be used for the purpose of avoiding penalties under U.S. federal tax law.

Welcome to The Profit Talk! In this show, we're going to help you explore strategies to help you maximize profits in your business while scaling and creating the lifestyle that you want as an entrepreneur. I am your host, Susanne Mariga! I'm a CPA, a Fractional CFO, and a Certified Profit First Professional Mastery Level providing tax strategies to 7 and 8-figure entrepreneurs. Let's dive into strategies to maximize profits in your business!

Today, let's explore the importance of establishing and enforcing boundaries, rules, and a strong company culture to protect clients, employees, and the business as a whole. I also shared how effective communication and clear consequences for rule violations are essential for creating a fair and productive work environment that values integrity.

In this episode, you'll learn:

- Learn the importance of establishing and communicating boundaries to protect clients and companies and not just in writing

- Discover how leaders can enforce rules, boundaries, and company culture to ensure team success

- Understand the role of boundaries in safeguarding client work, confidentiality, and company assets

- Explore the significance of setting clear consequences for rule violations to create a fair and productive work environment

- Creating the company that you want

- What to do when they don't follow rules

Visit my FREE Facebook Group, The Profit First Masterclass, where I'll be sharing additional exclusive trainings to members of the community.

If you're excited about what's next for your business and upcoming episodes, please head to our itunes page and give us a review! Your support will help me to bring in other amazing expert interviews to share their best tips on how to powerfully grow in your business!

DISCLAIMER: The information contained within these videos is provided 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 the content of this video. Any U.S. federal tax advice contained within is not intended to be used for the purpose of avoiding penalties under U.S. federal tax law.

In this episode, I interview Tom Searcy. He is recognized as one of the Top 5 Global Sales Gurus, and renowned expert in large account sales with years of real-world experience in unlocking explosive growth. He has led four corporations from revenues of less than $10 million to greater than $100 million, and in the last case from startup to greater than $200 million, using his large account sales system. He founded Hunt Big Sales, a successful consultancy and thought leadership organization that has helped clients land more than $21 billion in new sales with 190 Fortune 500 companies. Searcy is the author of 6 books, including 3 bestsellers, and has written weekly online columns for Forbes, CBS MoneyWatch, and Inc.com

Tom shares his 20 years of experience and offers valuable insights on:

1. The key to successful selling: focusing on solving problems for your clients
2. The role of the founder or owner in closing significant sales opportunities
3. Strategies for success in business-to-business sales environments
4. Finding top sales talent and building the right team for your business

To buy a copy of Tom's books, go to https://www.huntbigsales.com/our-books/ and to connect with Tom, go to https://www.linkedin.com/in/tomsearcy/

Welcome to The Profit Talk! In this show, we're going to help you explore strategies to help you maximize profits in your business while scaling and creating the lifestyle that you want as an entrepreneur. I am your host, Susanne Mariga! I'm a CPA, a Fractional CFO, and a Certified Profit First Professional Mastery Level providing tax strategies to 7 and 8-figure entrepreneurs. Let's dive into strategies to maximize profits in your business!

Visit my FREE Facebook Group, The Profit First Masterclass, where I'll be sharing additional exclusive trainings to members of the community.

If you're excited about what's next for your business and upcoming episodes, please head to our itunes page and give us a review! Your support will help me to bring in other amazing expert interviews to share their best tips on how to powerfully grow in your business!

DISCLAIMER: The information contained within these videos is provided 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 the content of this video. Any U.S. federal tax advice contained within is not intended to be used for the purpose of avoiding penalties under U.S. federal tax law.

In this episode, join me as I delve into strategies that not only boost your financial success but also empower you to lead with purpose and impact.

Key Points:

-Understanding the essence of personal profitability and its role in shaping financial well-being.

-Exploring the intersection of personal growth, leadership, and effective team management for achieving success.

-Practical tips for optimizing resources.

-Examining how effective leadership within your entrepreneurial journey can enhance team performance, foster collaboration, and contribute to higher profitability.

Tune in to gain insights into the art of increasing personal profitability while embracing effective leadership principles, and learn how this dynamic synergy can shape your financial and leadership journey.

Welcome to The Profit Talk! In this show, we're going to help you explore strategies to help you maximize profits in your business while scaling and creating the lifestyle that you want as an entrepreneur. I am your host, Susanne Mariga! I'm a CPA, a Fractional CFO, and a Certified Profit First Professional Mastery Level providing tax strategies to 7 and 8-figure entrepreneurs. Let's dive into strategies to maximize profits in your business!

Visit my FREE Facebook Group, The Profit First Masterclass, where I'll be sharing additional exclusive trainings to members of the community.

If you're excited about what's next for your business and upcoming episodes, please head to our itunes page and give us a review! Your support will help me to bring in other amazing expert interviews to share their best tips on how to powerfully grow in your business!

DISCLAIMER: The information contained within these videos is provided 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 the content of this video. Any U.S. federal tax advice contained within is not intended to be used for the purpose of avoiding penalties under U.S. federal tax law.

In this podcast, we dive into the critical importance of data ownership and control for business owners. Learn why being the administrator of all your software subscriptions is essential to protect your company from cyber threats and potential financial losses. Discover the risks of relying on others to manage your data and the steps you can take to ensure you always have access to your information. We'll also discuss the significance of regularly backing up and testing your data to safeguard your business.

Key Takeaways

• Understand the importance of having full control and ownership of your business data
• Learn how lack of knowledge can make entrepreneurs vulnerable to cyber threats and financial losses
• Discover why knowing who truly owns your data is crucial for business continuity
• Ensure you are the administrator of all software subscriptions to maintain control over your data
• Regularly backup your data from all software systems at consistent intervals
• Test your data backups to ensure they are functioning properly and accessible when needed

Welcome to The Profit Talk! In this show, we're going to help you explore strategies to help you maximize profits in your business while scaling and creating the lifestyle that you want as an entrepreneur. I am your host, Susanne Mariga! I'm a CPA, a Fractional CFO, and a Certified Profit First Professional Mastery Level providing tax strategies to 7 and 8-figure entrepreneurs. Let's dive into strategies to maximize profits in your business!

Visit my FREE Facebook Group, The Profit First Masterclass, where I'll be sharing additional exclusive trainings to members of the community.

If you're excited about what's next for your business and upcoming episodes, please head to our itunes page and give us a review! Your support will help me to bring in other amazing expert interviews to share their best tips on how to powerfully grow in your business!

DISCLAIMER: The information contained within these videos is provided 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 the content of this video. Any U.S. federal tax advice contained within is not intended to be used for the purpose of avoiding penalties under U.S. federal tax law.

Welcome to The Profit Talk! In this show, we're going to help you explore strategies to help you maximize profits in your business while scaling and creating the lifestyle that you want as an entrepreneur. I am your host, Susanne Mariga! I'm a CPA, a Fractional CFO, and a Certified Profit First Professional Mastery Level providing tax strategies to 7 and 8-figure entrepreneurs. Let's dive into strategies to maximize profits in your business!

In this podcast, we explore the importance of recognizing your current season in life and setting realistic expectations as a mother and entrepreneur. We discuss the courage required to make tough decisions in your business, such as releasing underperforming team members and bringing in the right support for each phase of your journey. We also emphasize the significance of celebrating small victories and allowing your children to be part of your success.

• Recognize your current season in life to set realistic expectations and give yourself grace
• Achieve a life of no regrets by setting goals based on what makes you happy and deciding on the support you need
• Have the courage to release underperforming team members and bring in the right support for each phase of your business
• Celebrate small victories and allow your children to be part of your success journey

Visit my FREE Facebook Group, The Profit First Masterclass, where I'll be sharing additional exclusive trainings to members of the community.

If you're excited about what's next for your business and upcoming episodes, please head to our itunes page and give us a review! Your support will help me to bring in other amazing expert interviews to share their best tips on how to powerfully grow in your business!

DISCLAIMER: The information contained within these videos is provided 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 the content of this video. Any U.S. federal tax advice contained within is not intended to be used for the purpose of avoiding penalties under U.S. federal tax law.

Welcome to The Profit Talk! In this show, we're going to help you explore strategies to help you maximize profits in your business while scaling and creating the lifestyle that you want as an entrepreneur. I am your host, Susanne Mariga! I'm a CPA, a Fractional CFO, and a Certified Profit First Professional Mastery Level providing tax strategies to 7 and 8-figure entrepreneurs. Let's dive into strategies to maximize profits in your business!

In this podcast, Annie Wright, a Licensed Psychotherapist specializing in relational trauma, discusses the impact of unresolved childhood trauma on ambitious women entrepreneurs. She explores how trauma can manifest in maladaptive beliefs and behaviors that hinder personal and professional growth, and emphasizes the importance of addressing these issues through therapy to build a strong foundation for success. Annie also shares insights on navigating the challenges of entrepreneurship, such as perpetual incompetence and fear, and provides valuable resources to help individuals recover from trauma and improve their mental health. Throughout the podcast, Annie stresses the significance of evaluating whether one's business is serving their life or if they are sacrificing their well-being for their business, and reminds listeners that leaving or closing down a business can also be a success.

Key Takeaways:

- Evaluating if your business is serving your life or if you're sacrificing your life for your business

- Avoiding recreating your trauma history within your business

- Understanding how unresolved childhood trauma can manifest in businesses built by ambitious women

- Recognizing that trauma is any experience that subjectively overwhelms one's ability to cope

- Addressing maladaptive beliefs and behaviors stemming from unresolved trauma through therapy

- Dealing with perpetual incompetence and fear when rapidly growing a business, especially with a history of trauma or lack of a safety net

- Having adequate internal and external supports, such as a trauma-trained therapist and business professionals, to alleviate stress and provide sound advice

Connect with Annie at https://anniewright.com/

Visit my FREE Facebook Group, The Profit First Masterclass, where I'll be sharing additional exclusive trainings to members of the community.

If you're excited about what's next for your business and upcoming episodes, please head to our itunes page and give us a review! Your support will help me to bring in other amazing expert interviews to share their best tips on how to powerfully grow in your business!

DISCLAIMER: The information contained within these videos is provided 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 the content of this video. Any U.S. federal tax advice contained within is not intended to be used for the purpose of avoiding penalties under U.S. federal tax law.

Welcome to The Profit Talk! In this show, we're going to help you explore strategies to help you maximize profits in your business while scaling and creating the lifestyle that you want as an entrepreneur. I am your host, Susanne Mariga! I'm a CPA, a Fractional CFO, and a Certified Profit First Professional Mastery Level providing tax strategies to 7 and 8-figure entrepreneurs. Let's dive into strategies to maximize profits in your business!

In this episode, I interviewed Terry Rice. He is a high-performance coach to entrepreneurs, keynote speaker and staff writer at Entrepreneur magazine. He's also the host of Reclaim + Advance, a podcast that helps entrepreneurs overcome setbacks and perform at their highest level.

Prior to becoming a creator-entrepreneur, Terry's previous experience includes internal consulting roles at Adobe and Meta.

In addition to his role as Director of Growth and Partnerships at Good People Digital, Terry is an instructor at New York University, speaks at events for leading companies - including Amazon and Google - and has been featured as a subject matter expert by Good Morning America, Fast Company and the Wall Street Journal.

Based in Brooklyn, he is a husband, father of five children, and is an advocate for mental and physical fitness.

Check out this episode to learn:

- Strategies to help entrepreneurs maximize profits, overcome setbacks, and perform at their highest levels - Addressing the often-overlooked issue of burnout among entrepreneurs, especially in the post-COVID era - The importance of efficient scheduling for entrepreneurs to avoid burnout and prioritize mental and physical health - Conducting a time audit to identify tasks within your zone of genius and eliminate or delegate the rest - Dealing with setbacks by monitoring thoughts, feeling emotions, and practicing divergent and convergent thinking - Combating loneliness by finding and actively engaging with a professional community or accountability partner - Pushing through personal and professional challenges with inspiration and tactical advice from a high performance coach

Connect with Terry. Visit his website at https://www.terryrice.co/

Visit my FREE Facebook Group, The Profit First Masterclass, where I'll be sharing additional exclusive trainings to members of the community.

If you're excited about what's next for your business and upcoming episodes, please head to our itunes page and give us a review! Your support will help me to bring in other amazing expert interviews to share their best tips on how to powerfully grow in your business!

DISCLAIMER: The information contained within these videos is provided 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 the content of this video. Any U.S. federal tax advice contained within is not intended to be used for the purpose of avoiding penalties under U.S. federal tax law.