Episode #66 How Understanding Balance Sheets Help Business Owners Avoid Financial Disaster

Welcome to Episode 66 of “The Mistakes of a Business Owner Needs to Avoid When It Comes to Finances”.

In this episode, Ruth King and I discuss how managing finances will maximize your business profit.

So if you want to avoid serious business financial issues; understand balance sheets very well, predict your financial success/downfall; and discover how to use balance sheets on predicting your business financial success, tune in now!

In this episode, you’ll discover:

Episode Title: “How Understanding Balance Sheets Help Business Owners Avoid Financial Disaster”

• What kind of mistakes do business owners make when it comes to dealing with finances?
• What should business owners do to fix their financial issues?
• Are there any other mistakes –in which it is completely avoidable– but independent contractors still make?
• What are the mistakes, in which business owners think are right, that can be easily recognized by financial experts?
• What are the other major financial mistakes that business owners need to be familiar with?
• What is an effective daily routine to keep you on point towards your goals?

About Us

Ruth King is an expert in Profitability, Financial Success, Financial Management whose accomplishments include:

• CEO of Profitability Revolution Paradigm
• Masters in Business Administration in Finance from Georgia State University
• Bachelor’s and Master’s Degrees in Chemical Engineering from Tufts University and University of Pennsylvania
• Called as the Master of Profitability
• Owned 7 Businesses in the past 30 years
• Author of `The Ugly TruthBooks About Small Businesses
• Author of ´The Ugly Truth About Managing People´
• Author of ´The Courage to be Profitable´

More Information

• Learn more about how you can improve your results with Profitability, Financial Success, Financial Management with profitabilityrevolution.com
• couragetobeprofitable.com
• You can also contact Ruth King on LinkedIn

Profitability, Financial Success, Financial Management Links & Mentions From This Episode:

Click Here!

Thanks for Tuning In!

Thanks so much for being with us this week. Have some feedback you’d like to share? Please leave a note in the comments section below!

If you enjoyed this episode on “Managing Finances to Maximize Business Profit”, please share it with your friends by using the social media buttons you see at the bottom of the post.

Don’t forget to subscribe to the show on iTunes to get automatic episode updates for our “The Mistakes of a Business Owner Needs to Avoid When It Comes to Finances!”

Thanks for listening!

Episode #81 Yeukai Talks with Lori Cheek About the Next Biggest Dating App That you Can’t Afford to Miss

Are you looking for someone special or just wanting to find a way to connect with strangers without making it seem weird? Lori Cheek, founder and CEO of a new dating app, shares her idea behind it, which aims to connect strangers in real time before they could hook up with them online.

Key Questions Asked:

• How did Lori come to start her journey to establishing a thriving company?
• What made Lori’s ideas stand out to her and makes her want to pursue them?
• What initial steps did Lori took in order to get her business off the ground?
• How is Lori able to manage and work with a team that’s from all over the world?
• What does Lori know now about running business that she wished she has known when she was getting started?
• What advice would Lori give to people who are looking to become entrepreneurs and are working on their projects?

Highlights of Lessons Learned:

Implementing Ideas

• Living in New York City, Lori realized people’s lack of reason and way of connection, and from there, she saw an opportunity to create something that will help them break the ice with strangers.
• Lori’s remarkable idea was featured in the New York Times,TechCrunch and Forbes which further opened an opportunity for her business to reach people all over the globe.
• Lori’s easy way to getting the word out for free is by patronizing her own product, putting her logo in different pieces of clothing or accessories that she wears every day.

Keys to Achieving Success

• Lori’s day is versatile, having a mix of things to do, but she enjoys every bit of work that she does, which makes her even more productive in her business.
• Discouragement didn’t stop Lori from taking the risks such as joining a TV show called Shark Tank which helped even further expand her business to where she is right now.
• Lori advises everyone to pick a lifestyle rather than just a job.

Episode #92 Laura Wellington Reveals How Startup Business Owners Can Avoid Common Pitfalls

In this episode of Enlightened Entrepreneur, Laura Wellington, the highly successful CEO and founder of Thread M.B., shares her experiences with Yeukai along with the important lessons she learned about life and businesses. Find out what Laura had to face and how she was able to realize first-hand where success and fulfillment both arise.

Key Questions Asked:

• How did Laura start with her business?
• How did Laura move on from being dependent to moving forward company forward on her own two feet?
• What advice would Laura give to start up business owners who might be experiencing a major roadblock?
• What skills did Laura have to develop to turn things around and take over three companies?
• During a tight time with her husband, what role did mentors play for Laura as an entrepreneur and as a business person?
• What major roadblocks did Laura face that any business owner can potentially face as well?
• How does she identify good people to include in her business?
• Is there any difference to starting a business right now compared to when Laura first got into the industry?
• At what point did Laura have her initial breakthrough in her start-up company?

Highlights of Questions Asked:

Lessons from Experience

• Laura learned the importance of delegating tasks, having faith in herself and becoming very comfortable with being in her own skin and doing things the way she needed to do it.
• Two things that a new business owner must master is first, getting through the learning curve quick enough, especially with technology, and trying to cope with people who are very eager to put you out of business.
• Entrepreneurs must not be afraid and instead be aggressive in asking for what you want, take the initiative and ask.

 Advice for Entrepreneurs

• Do not go into any business ever until you’ve analysed the landscape and have found a demand for what you are trying to sell.
• Negativity is never going to help you, the best thing you could do is to remain positive.
• Where you can outsource, do, and concentrate your efforts on what other people can’t do that you can bring to the table.
• Every challenge that you face will help you somewhere down the line so you have to dig your way out, and you have to be able to realize that every challenge is an opportunity to succeed.
• It is important to look for passion in people that you hire and if they are passionate about what you do.

Episode #88 Snowe Saxman Shares Effective Tools in Creating Your Own Money Mindset Roadmap

In this episode of Enlightened Entrepreneur, money mind-set expert, Snowe Saxman shares a few insights as well as steps that everyone need to follow in order to succeed in their business. Having gone through some challenges early on in her childhood years and then experiencing bankruptcy ten years after earning millions in her own business, Snowe has learned useful techniques in achieving the right mindset that leads to success.

Key Questions Asked:

• How did Snowe become a mind-set expert?
• What did she do to change her mind-set once she realized what was holding her back from success?
• What advice would Snowe give to anyone who wants to move forwards with their life and experience success?
• To aide that processing of focusing on what she wants, what are the tools that people can use in preparing themselves to focus on what they want?
• What advice would Snowe give to someone who seems to be stuck in a situation they don’t want to be in?
• What steps did Snowe take in order to fully change her mind-set?
• Is there ethic mind-set that a business owner could have or should have in order to succeed in today’s economy?

Highlights of Lessons Learned:

Starting Point

• Snowe learned early on in her first few business ventures that there are three things to look for when choosing a niche for your business and they are: low ticket, consumable and recession proof.
• Through her own journey, Snowe has learned to grow herself and create a money mindset roadmap that will help her stay ahead in her business.
• Having a coach and attending training helped Snowe discover and enhance her skills in helping people to achieve success.

Tools and Insights

• Snowe shares that if you grow yourself, you’ll grow your finances and you grow your business, and that having the right mind-set needs daily commitment.
• Snowe also believes that by focusing on what you want instead of what you don’t have, you create a positive mind-set that keeps you from being discouraged.
• Snowe uses three money mind-set tools, twelve days of learning about all the tips and tools that people need to be able to walk through the process of becoming aware of what they’re thinking.
• According to her, if you don’t condition your mind every single day, everything else is gonna condition it for you.

Principles to Live By

• Giving is a principle that exists in the world, the more that you give into this world, the more that will come back to you.
• Snowe’s mission is to empower women so they are emotionally, spiritually and financially free, having realized that they are all connected to each other.
• Money is merely a man-made thing and instead on focusing on money, people need to focus on exchanging their unique gifts and talents and bringing them to the world, then someone who has money will pay for the value that they bring.
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Episode# 76 Why You Shouldn’t Be Afraid of Starting Your Own Business

As if people with allergies don’t already have a lot to sacrifice (like not being able to taste some of the most delectable entrees in the menu because of certain ingredients included in the meals that their body just cannot tolerate), they also have to be wary of pretty much everything that they put in or outside their bodies, especially make ups.

As a dedicated mother and health practitioner, Jennifer has created a way to help people with allergies to feel beautiful in their own skin.

Key Questions Asked:

• How did Jennifer get to where she is today and what were her initial steps to getting her business off the ground?
• How does Jennifer market her business right now and how is it different from how it used to be?
• What does Jennifer’s day look like right now whenever she is working on her business?
• What things does Jennifer know now that she wished she had known when she was starting this journey?
• What products are available today from Kissfully?
• What advice would Jennifer give to somebody who hasn’t stepped out to go for their dreams?
• What’s the best way to generate business when you’re getting started on a limited budget?
• What sort of discipline do you need to have in order to balance your time with your work, your family, and your business?

Highlights of Lessons Learned:

• Understanding what your customer needs, and then creating what they need, is critical to getting exposure and creating a story around your brands.
• Because Jennifer’s market is pretty specific, she is able to reach her target customers through the help of various marketing platforms and advertisement strategies.
• Because everything is so new when you are starting your own business, and there’s so much good information out there, you need to take the time to understand and apply them to your business.
• You have to be creative and be willing to experiment. To start, you can look for materials and strategies in social media that you can use for free.
• One way to be motivated all the time is to instill the ‘why’ in all that you do.

Welcome to Episode 67 of the Maintain a Successful Long-Term Business by Understanding Cashflow.

In this episode, Jen Mulder and I discuss how important financial planning mistakes needs to be avoided by business owners.

So if you want to get more effective in financial planning by being able to recognize the mistakes that most business owners do; fix financial planning issues that already exist and turn it into strength; avoid future financial issues; and know how to fix existing problems so you can succeed in business by committing less financial planning mistakes, tune in now!

In this episode, you’ll discover:

Episode Title: “How Financial Planning Mistakes Destroy Your Business and How to Easily Get Over It”

• Mistakes that business owners make when it comes to financial planning
• How can you as a business owner fix the mistakes you have made?
• What are the other mistakes that business owners do that prevents them to achieve success in financial planning?
• What criteria should you use to identify who is best to work with you?
• What are most popular and extremely helpful services that can be provided by Jen?

Jen Mulder is an expert in Financial Planning whose accomplishments include:

• Founding Principal and Financial Planner with Pathway Financial Services, LLC
• UCLA Personal Financial Planning Program graduate
• Los Angeles Chapter of the Financial Planning Association member

More Information

• Learn more about how you can improve your results with Financial Planning
• www.nerdwallet.com
• You can also reach Jen Mulder on LinkedIn

Financial Planning Links & Mentions From This Episode:

Click Here!

Thanks for Tuning In!

Thanks so much for being with us this week. Have some feedback you’d like to share? Please leave a note in the comments section below!

If you enjoyed this episode on Financial Planning mistakes to be avoided by business owners, please share it with your friends by using the social media buttons you see at the bottom of the post.

Don’t forget to subscribe to the show on iTunes to get automatic episode updates for our “Three Financial Planning and Investment Management Mistakes Every Business Owner Needs to Avoid!”

Thanks for listening!

Episode #90 Janice Omadeke Talks to Yeukai About Women Empowerment and the Habits of Highly Productive Business Owners

In this episode of Enlightened Entrepreneur, Janice Omadeke, a well known expert on the subject of career mentorship, talks to Yeukai about her extensive knowledge and experience with business owners in understanding and teaching women how they can create their own career path. Learn about her views and insights about starting a business and the effective ways and tools all business owners need to know about and implement.

Key Questions Asked:

• Who is Janice and how did she get started with her business?
• What did Janice do after discovering the need in the market and what were the necessary steps that she took to establish her business as a career mentor?
• What advice would Janice give to entrepreneurs who are just starting with their business in terms of getting their idea to the market?
• What had been the major roadblocks that Janice faced and what did she do to overcome them?
• What was her first major breakthrough in creating her company?
• What is women empowerment all about and how did Janice come up with the idea?

Highlights of Lessons Learned:

Problems and Solutions

• Doing market research is also important in making sure that there was a validity to the problem you are trying to solve.
• Janice also advises new entrepreneurs to take advantage of the free resources that are available to small business owners which will enable them to work upfront in planning and building a strong company through free resources.
• It is important for start up business owners to be comfortable with the word NO, be open to failing quickly, do the prototyping, build a high level specification brochure, and be very smart about where you’re using your money.
• The biggest roadblock that start up business owners must watch for is building entrepreneur acumen and avoiding burnout.

Mentoring and Business

• Something that’s very important as a leader to mentor your team is being a source of direct and honest feedback as well as your ability to inspire them to be the best possible versions of themselves.
• Women should find career mentors so that those who are ambitious and hungry to create their future have a greater chance of doing so five times faster.
• The mark of an entrepreneur is their ability or willingness to keep on learning.

Episode #65 Maintain a Successful Long-Term Business by Understanding Cashflow

Welcome to Episode 63 of the Learn Cashflow Management.

In this episode, Fred Parrish and I discuss developing the right and necessary skills in achieving business financial success.

So if you want to get more profit and avoid losing money, maintain good finances by understanding cash flow, and do better in managing your business finances so you can learn how to create a successful long-term business that produces income, tune in now!

In this episode, you’ll discover:

Episode Title: “Maintain a Successful Long-Term Business by Understanding Cashflow“

• What is the main subject of the book “The Profit Mentality”?
• What are the skills a business owner needs to develop and master to create a long-term business that produces income?
• What are the tools that people can use in managing cash flows?
• What is the perfect mindset one should have in developing cash flow management skills?
• What are the other major skills that people can develop to gain an advantage?
• How can you keep yourself motivated?

More Information

Fred Parrish is an expert in managing finances, business cash flow planning, whose accomplishments include:

• 37 Years in Corporate Roles from being a Staff Accountant to CEO
• Founder and Chief Executive Officer of The Profit Experts
• Interim CFO Coach
• Business Cash Flow Planning Expert
• Predictive Management Expert
• Speaker and author on subjects related to profit and cash flow optimization.
• Field Expertise:
• Financial Management
• Business Cash Flow Planning
• Accounting Operations Analysis
• Interim CFO Coach
• CFO Services
• Accounting Services
• Staff Accountant
• Financial Management Private Companies
• Financial Management Public Companies
• Domestic & International Financial Services
• Board Oversight Financial Strategies Planning
• Financial Operations Training
• Cash Flow Analysis
• Business Cash Flow Best Practice Speaker
• Cash Flow Optimization
• CFO Support
• Accounting Analysis
• Cash Flow Planning

More Information

• Learn more about how you can improve your results with managing finances and business cash flow planning at www.profitexperts.onlinepresskit247.com
• You can also connect with Fred Parrish on LinkedIn

Managing Finances, Business Cashflow Planning, Links & Mentions From This Episode:

Click Here!

Thanks for Tuning In!

Thanks so much for being with us this week. Have some feedback you’d like to share? Please leave a note in the comments section below!

If you enjoyed this episode on Developing the right and necessary skills in achieving business financial success, please share it with your friends by using the social media buttons you see at the bottom of the post.

Don’t forget to subscribe to the show on iTunes to get automatic episode updates for our “Learn Cashflow Management!”

And, finally, please take a minute to leave us an honest review and rating on iTunes. They really help us out when it comes to the ranking of the show and I make it a point to read every single one of the reviews we get.

Thanks for listening!

Episode #64 How to Avoid Bankruptcy By Building a Powerful Financial Planning Strategy

How to Avoid Bankruptcy By Building a Powerful Financial Planning Strategy

In this episode, Christopher Flis and I discuss how Financial Planning helps you grow your business exponentially and avoid the worst possible financial issues in the future.

So if you want to manage your business finances well, avoid financial issues in the future, avoid bankruptcy, achieve financial success and learn how to gain financial freedom when doing business, tune in now!

In this episode, you’ll discover:

• What are the critical skills every business owner should have when it comes to financial planning?
• How can you be prepared for launching or running a new business?
• Why do you need a financial planning expert?
• What are the skills to consider when looking for a financial planning expert?
• How can you get the most out of your financial planner?
• What kind of mindset is needed when it comes to financial planning?
• How does an expert get more clients?
• How to keep yourself moving towards your goals?

More Information

• Learn more about how you can improve your results with Financial Planning at www.resilientam.com
• You can also connect with Christopher Flis on LinkedIn or send him an Email at [email protected]

Financial Planning Links & Mentions From This Episode:

Click here!

Thanks for Tuning In!

Thanks so much for being with us this week. Do you have some feedback that you’d like to share with us? Please leave a note in the comments section below!

If you enjoyed this episode on how financial planning can grow your business exponentially and avoid the worst possible financial issues in the future, please share it with your friends by using the social media buttons you see at the bottom of the post.

Don’t forget to subscribe to the show on iTunes to get automatic episode updates for our Yeukai Business Show.

And, finally, please take a minute to leave us an honest review and rating on iTunes. They really help us out when it comes to the ranking of the show and I make it a point to read every single one of the reviews we get.

Thanks for listening!

Episode #68 Affect Your Business in the Most Positive Way by Understanding Insurance

Welcome to Episode 68 of the Understanding the True Meaning of Insurance.

In this episode, Brian Laundry and I discuss how important understanding the whole concept of insurance and how it plays its role in your business is.

So if you want to understand the true meaning of insurance; have insurance as a means of having another strength in business, determine when and where a business owner needs to get an insurance, and achieve business success through avoiding misconceptions, tune in now!

In this episode, you’ll discover:

Episode Title: “Affect Your Business in the Most Positive Way by Understanding Insurance“

• Why does insurance matter?
• How do uncomfortable situations, like talking about insurance, affect business owners?
• What are the greatest accomplishments Brian have made for his clients?
• Why do business owners avoid talking about insurance?
• If I am a business owner and I am looking to get insurance, where should I go?
• What are some of the common trends in regards to insurance in the past years?
• What are the misconceptions of insurance for some business owners?
• What are the set of criteria for business owners interested in getting insurance?
• Where do new business owners go if they need an insurance?

About Us

Brian Laundry is an expert in understanding insurance whose accomplishments include:

• Insurance Consultant at Hollis Insurance Inc.
• Manulife Elite Advisor for three consecutive years
• BL Financial Consulting President

More Information

• Learn more about how you can improve your results with understanding insurance with blfinancial.ca
• You can also reach Brian Laundry on LinkedIn.

Understanding Insurance Links & Mentions From This Episode:

Click Here!

Thanks for Tuning In!

Thanks so much for being with us this week. Have some feedback you’d like to share? Please leave a note in the comments section below!

If you enjoyed this episode on understanding the whole concept of insurance and how it plays its role on your business., please share it with your friends by using the social media buttons you see at the bottom of the post.

Don’t forget to subscribe to the show on iTunes to get automatic episode updates for our “Understanding the True Meaning of Insurance!”

Thanks for listening!