Profitable Franchisees

Turning Profits into Personal Financial Freedom with Sloan Wilkins (Executive Financial Coaching) (S2 E4)


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In this episode of Profitable Franchisees, host Tracey Leak

speaks with Executive Financial Coach Sloan Wilkins about the importance of financial wellbeing for franchisees and small business owners.

Sloan shares his personal journey into financial coaching, emphasizing the need for good financial habits and effective budgeting tools.

He discusses strategies for eliminating debt, the significance of having a profit plan, and how business

owners can support their team's financial wellbeing.

The conversation highlights practical tips for achieving financial success both personally and professionally.

 

Chapters

00:00 Introduction to Financial Wellbeing

02:51 Sloan's Journey to Financial Coaching

06:05 Building Good Financial Habits

08:56 Tools for Effective Budgeting

12:12 Eliminating Debt and Planning for the Future

14:59 The Importance of a Profit Plan

17:45 Supporting Team Financial Wellbeing

21:05 Conclusion and Key Takeaways

 

Takeaways:

Financial wellbeing is crucial for franchisees and small

business owners.

Good financial habits contribute significantly to personal

finance success.

Budgeting should be viewed as a spending plan to encourage

positive behaviour.

The debt snowball method helps eliminate debt effectively.

Emergency savings provide peace of mind and financial

security.

A profit plan prioritizes profit and ensures business

sustainability.

Investing in team financial wellbeing can improve retention

and productivity.

Regular financial discussions within couples can enhance

financial management.

Setting up separate accounts for profit and taxes helps

manage finances better.

Small actions lead to significant financial improvements

over time.


Sloans details:

Website: www.everydaymoney.live

 

#financialcoaching #personalfinance #budgeting #debtelimination #profitplanning #financialwellbeing #smallbusiness #franchisees #financialhabits

#wealthmanagement #franchise

 

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Profitable FranchiseesBy Tracey Leak

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