How Healthy Is Your Business? (Appearance on Next Level Life Podcast)

Keep What You Earn

In today’s episode, Shannon shares her recent guest appearance on Christine Corcoran’s podcast, "Next Level Life." During the episode, Shannon and Christine dive into crucial topics such as transforming money from a source of fear into a powerful tool for growth, and the importance of utilizing business data for informed decision-making.

Shannon elaborates on essential aspects of cash flow management and stresses the necessity of keeping personal and business finances separate. She also addresses the common fear of commitment, particularly in terms of hiring and scaling a team.

The discussion further explores how to prepare a business for a potential sale, set measurable goals, and maintain a healthy money mindset. Additionally, Shannon offers listeners a free resource bundle filled with tools and templates designed to help start or clean up their business operations.

Listeners are sure to find immense value in Shannon’s insights and practical advice. So, join us as we dive into her enlightening conversation with Christine Corcoran on "Next Level Life."

What you'll hear in this episode:

07:26 Embracing the power of data for health.

12:22 Separate personal and business finances to avoid audits.

14:34 Combining accounts impacts business health and awareness.

19:35 Financial planning: cash flow, expenses, investments, forecasting.

21:23 Women aim to replace old corporate jobs.

24:07 Hiring employees changes perspective, motivates proactive action.

27:56 Contact companies to adjust expenses for cash flow.

29:54 Anxious for second paycheck but remained empowered.

35:29 Open relationship with accountant is key for growth.

37:31 Business success requires focus beyond technical skills.

42:09 Invest in top talent for key roles.

46:21 Good SOPs, strong financials, reduce risk, recurring revenue.

48:20 Train and delegate for business and client success.

If you like this episode, check out:

How to Set Goals and KPIs

Why You Should Tell Your Kids to Study Accounting

How You Know You Need a CFO

Want to learn more so you can earn more?

Transform your small business journey – download the Small Business $tarter Kit here.

Visit keepwhatyouearn.com to dive deeper on our episodes

Visit keepwhatyouearncfo.com to work with Shannon and her team

Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ

Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/

The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.