STRENGTH IN NUMBERS Means BIG Wins for Small Business!
Wealth Wisdom Financial Podcast
Release Date: 11/06/2024
What's Stopping Your Business From Growing Faster?
Wealth Wisdom Financial Podcast
Are you stuck in a business plateau despite working harder than ever? This episode reveals the three critical mindset shifts that successful entrepreneurs make before their revenue and profitability soar. We share the stories of real business owners who transformed their companies by changing how they think, not just what they do. From Maria's design agency trapped in overwork to James's marketing consultancy stuck on a profit plateau, discover how these entrepreneurs broke through their mental barriers. Learn why the roadblock to your next level of success might not be in your strategy or...
info_outline
Stop Believing THESE Debt Myths (Before It's Too Late)
Wealth Wisdom Financial Podcast
Are you throwing money away each month and working extra hours just to pay interest? The average American pays $8,000 per year in interest alone. That's $667 every month! But the real cost isn't just the dollars—it's the extra hours you work to pay those bills. In this eye-opening episode, we expose five dangerous debt myths that could be forcing you to work harder than necessary: Why making minimum payments on credit cards could keep you in debt for 22+ years The hidden trap in Parent PLUS loans that could delay your retirement When NOT touching your home equity is actually costing you...
info_outline
Work-Life Integration for Business Owners
Wealth Wisdom Financial Podcast
Is your business taking over your life? Meet Sophia. She runs a bakery. She almost quit because work consumed all her time. Now she takes six weeks of vacation every year. Her bakery makes more money than before. She spends quality time with her family. Learn five simple ways to blend work and life better: Link your business to what matters most to you Be more than just a business owner Work when your energy is highest Set clear rules for using technology Build personal wealth through your business We tackle common worries. "My clients need instant replies." "My business needs me...
info_outline
Delegation Strategies for Control-Freak Entrepreneurs
Wealth Wisdom Financial Podcast
Are you working harder than ever but feeling stuck at the same income level? The number one problem holding back most entrepreneurs is the inability to delegate effectively. In this episode, you will meet James, a web designer who collapsed from exhaustion after working 80-hour weeks. Why? Because "nobody could do it as well as he could." One year later, his team handles 90% of client work while he works just 30 hours weekly—and profits are up 40%. Discover the Time-Money Matrix framework that will transform how you think about delegation: How to identify which tasks you must keep and...
info_outline
Small Business Owners Must Set Boundaries To Achieve Success
Wealth Wisdom Financial Podcast
Are you slowly killing your business by failing to set boundaries? In this essential episode, we reveal why the real cause of many business failures isn't competition or the economy – it's boundary issues that lead to financial depletion and burnout. Discover the four critical boundaries every successful business needs: Time boundaries that protect your most valuable resource Service boundaries that create focus and expertise Financial boundaries that ensure sustainable profitability Communication boundaries that allow for proactive growth rather than reactive firefighting We also...
info_outline
How to Work Less & Earn More in Your Business
Wealth Wisdom Financial Podcast
Are you trapped in the cycle of working more hours but seeing less profit? In this eye-opening episode, we explore the transformative journey of Lisa, a marketing consultant who went from working 70+ hour weeks and missing her daughter's birthday to running a thriving business on just four days a week while doubling her income. Discover the three-part strategy that changed everything for Lisa: How implementing Profit First (even at just 1% initially) transformed her relationship with money Why establishing a Bank On Yourself policy gave her the confidence to transform her client...
info_outline
Business Owner's Guide to Life-Long Tax Planning
Wealth Wisdom Financial Podcast
Could your current tax strategies be creating a ticking time bomb for your future? Sam built a successful business for 30 years. Then, he lost nearly half their $2 million sale price to unexpected taxes. In this forward-thinking episode, we explore tax planning beyond just this year's return. You'll discover: Three critical tax-planning timeframes most business owners completely ignore How to structure your business today to save taxes when you eventually sell Estate planning strategies that protect your business legacy from excessive taxation The surprising ways business profits can...
info_outline
Bookkeeping Systems for Busy Entrepreneurs
Wealth Wisdom Financial Podcast
Is your "I'll do the bookkeeping later" approach quietly sabotaging your business success? Maria discovered her retail shop was hemorrhaging $28,000 on an unprofitable product line. Never didn't realize it earlier because she couldn't see the numbers clearly. In this practical episode, we share the simplest bookkeeping system that actually works for busy entrepreneurs. You'll discover: The "Daily 5-Minute Money Check" that transformed Maria's business finances Which tools are essential versus nice-to-have for businesses at different stages How to set up a system you'll actually...
info_outline
Small Business Tax Mistakes
Wealth Wisdom Financial Podcast
Are your tax deductions putting your business at risk? Meet Toni, a wedding photographer who nearly lost everything over $12,000 in questionable deductions that triggered an IRS audit. In this episode, we unpack the most common tax mistakes small business owners make and how to avoid them. You'll discover: Three legitimate deductions many business owners miss completely The dangerous deductions that put Toni in the IRS crosshairs Why "but my friend's accountant lets them do it" isn't a defense Simple systems to keep your business audit-resistant Key Quote: "The most expensive tax mistakes...
info_outline
Tax Strategies for Business Owners Under $1 Million
Wealth Wisdom Financial Podcast
Are you making these common tax mistakes in your small business? Most owners making under $1M are either overpaying in taxes or putting themselves at risk with the IRS - and they don't even know it. In this episode, we unpack three key tax strategies specifically designed for businesses with under $1M in gross revenue. You'll discover: Why playing "small" to save on taxes might be costing you big opportunities The three tax "buckets" every business owner needs to understand Which complex tax strategies you can safely ignore (and what to focus on instead) How to make taxes work...
info_outlineIs your small business feeling the weight of the world on its shoulders? Newsflash - you don't have to go it alone! In this must-see episode, we're unveiling the not-so-secret superpower that can transform your entrepreneurial journey: the power of collaboration.
Small businesses are the backbone of the American economy, but the statistics are sobering - 45% fail in the first 5 years, and over half don't make it to the 10-year mark. The good news? We've uncovered a game-changing piece of advice from successful business owners: "Never do anything alone."
When you team up with mentors, fellow entrepreneurs, and even your target customers, the burden gets lighter, the ideas get bigger, and the chances of success skyrocket. Just ask us - we managed to cut our startup costs in half by leveraging our "Set Up Shop Committee"!
And if you're not a small business owner yourself, don't worry. We're serving up all the juicy details on how you can support your local entrepreneurial community in ways that create a win-win for everyone.
This episode is about to shift your small business mindset from stressed and isolated to empowered and connected.
Whether you run a mom-and-pop shop or just want to champion the entrepreneurial spirit in your neighborhood, you won't want to miss these must-try strategies for harnessing the power of collaboration. Trust us, your business (and your sanity) will thank you.
00:00 Introduction: The Power of Collaboration
00:25 Small Business Saturday: Mark Your Calendars
01:18 Welcome to Wealth Wisdom Financial Podcast
01:56 Celebrating Small Businesses: You Don't Have to Go It Alone
02:45 The Reality of Small Businesses in the US
04:53 The Importance of Collaboration in Entrepreneurship
05:45 Our Personal Journey: From Isolation to Collaboration
09:40 How Non-Business Owners Can Support Small Businesses
13:54 Challenge: Strengthening Community Through Support
14:36 Join the Profit Planning Network
15:49 Conclusion: Building Wealth and Wisdom Together
Links mentioned in the show:
- Schedule a Discovery Call here: https://www.wealthwisdomfp.com/call
- Join the Wealth Wisdom Financial Community for practical tips alongside a group of people growing our wealth sustainably: https://www.wealthwisdomfp.com/community
Watch on YouTube: https://youtu.be/GuCsvW08WVQ