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196: Greg Crabtree — Keeping Your Business Financials Healthy

Scaling Up Business Podcast

Release Date: 03/17/2020

225: Matt Kazam — Leverage Humor to Build Stronger Trust and Connection show art 225: Matt Kazam — Leverage Humor to Build Stronger Trust and Connection

Scaling Up Business Podcast

What if you could help connect with people on a whole new level through humor? What does it really take to get people to show their funny side? Today’s guest has a ton of experience with making people laugh and shares how it can be a powerful force towards building connection.

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224: Shawn Johal — The Happy Leader show art 224: Shawn Johal — The Happy Leader

Scaling Up Business Podcast

What does it take for a leader to be happy? It’s no secret that many leaders can feel tapped out when it comes to their emotional and personal growth while working strictly and solely on the business. This is why today’s guest shares how to achieve both happiness and growth!

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223: Dean Jones — Harness the Power of Your Natural Talents show art 223: Dean Jones — Harness the Power of Your Natural Talents

Scaling Up Business Podcast

Today we invite a beloved guest back on to the show to talk about strengths-based development and how to use it effectively within an organization. Why is this approach so transformational for organizations? Listen in to find out!

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222: Dan Chan — Bringing the Magic in a Virtual Meeting show art 222: Dan Chan — Bringing the Magic in a Virtual Meeting

Scaling Up Business Podcast

Dan Chan is an award-winning Master Magician, where his talents have taken him all over the world. Dan is regarded as one of the nation’s top corporate magicians, which has been an industry that’s been affected lately. How is he managing to keep up with the changing times? By practicing in something called ‘Zoom magic’!

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221: Andy Clayton — Finding Your Sweet Spot and Playing within Your Genius Zone show art 221: Andy Clayton — Finding Your Sweet Spot and Playing within Your Genius Zone

Scaling Up Business Podcast

Andy Clayton leads Petra Coach Europe, the UK’s leading Scaling Up coaching company, and helps entrepreneurs and high-growth companies eliminate what’s getting in the way and focus on what truly adds value. Andy is also a long-time member of EO and the author of Sweetspot.

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220: Scaling Up Insights — Coach Panel with Lisa Ridley, Cheryl Biron, and Kristin McLane show art 220: Scaling Up Insights — Coach Panel with Lisa Ridley, Cheryl Biron, and Kristin McLane

Scaling Up Business Podcast

Our three panelists in this episode of Scaling Up Insights are Lisa Ridley, Cheryl Biron, Kristin McLane. Lisa is a Scaling Up Coach and focuses on facilitating positive change with her entrepreneurial clients. Cheryl started her career in corporate before having an ‘entrepreneurial fit’ and starting her own business. Kristin has been an entrepreneur for the last 24 years in the software industry.

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219: Darius Mirshahzadeh — The Core Value Equation show art 219: Darius Mirshahzadeh — The Core Value Equation

Scaling Up Business Podcast

Darius Mirshahzadeh is a high growth CEO, serial entrepreneur, and culture-building mad scientist at The Money Source. He was ranked #9 on Glassdoor’s list of Top CEOs of Small and Medium Companies in the U.S. Through the use of values, Darius grew his company of 30 to over 1,000!

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218: Ashley Goodall — Nine Big Lies About Work show art 218: Ashley Goodall — Nine Big Lies About Work

Scaling Up Business Podcast

Have you ever thought you were doing it all wrong? It could well be! Today’s guest shares some big lies about work that will help you get out of your funk and focus on the bigger picture.

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217: Dean Jones — Boosting Employee Engagement show art 217: Dean Jones — Boosting Employee Engagement

Scaling Up Business Podcast

Bill and today’s guest go way back — nearly 18 years — and he served as a mentor and someone who inspired Bill to change directions from CEO to Coach. Today’s topics dive into boosting employee engagement, what it is, and some of the signs your team is highly engaged.

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216: Scaling Up Insights — Coach Panel with Bruce Eckfeldt and Anita Cabell show art 216: Scaling Up Insights — Coach Panel with Bruce Eckfeldt and Anita Cabell

Scaling Up Business Podcast

Our two coach panelists have both been on the show before. Bruce Eckfeldt is a consultant, Certified Gazelles coach, and speaker on organizational development and performance management. Anita Cabell is the Founder of Leading Edge and has been in the Chinese market for the last 18-plus years as a Scaling Up Coach.

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Cash is a king and you can’t survive without cash. You also cannot take advantage of opportunities without cash. If you’ve prepared well, you have a big cash reserve right now and you will be able to maximize your return on luck during this period. However, what happens if you don’t currently have enough in reserves?

 

Greg Crabtree is a speaker, author, entrepreneur, and financial expert. He is the CEO of Crabtree, Rowe & Berger, PC, a CPA firm that focuses on helping businesses create sustainable profits, manage tax implications, and more. Greg is also the author of the book, Simple Numbers, Straight Talk, Big Profits, in which he shares his core principles on how to turn your business into a wealth-building engine.

 

When Greg wrote his first book, it was during a time where the market had just recovered from the recession. During his research, he found that a fully capitalized business, which means businesses that had two-months of core capital targets achieved, were the ones that took advantage of their situation the most and not only survived the recession but thrived from it.

 

Greg realizes that not every business has two months of cash on hand, which just means that businesses currently facing a crisis need to think creatively on how to navigate through situations like this. Whatever is happening in the world today, take a look at your profit engines and ask yourself, “Am I going to be losing money or am I just not going to make as much?”

 

If you’re going to be losing money, look at the balance sheet right away and see how much runway you might have. Then, start cutting things that don’t make sense for your business right now. One of Greg’s travel clients realized that it made the most sense to turn off their paid search as fewer people will be willing to travel right now.

 

There are big ripple effects happening all across industries. Investors are hesitant to invest, restaurant and service industries are down, people are staying home more. However, that doesn’t mean all businesses are affected equally. Greg’s real estate clients are OK in this uncertain time. Take a look at your particular industry and see if this is a disaster for you.

 

Greg believes most industries have 90 days of runway to wait and see what this pandemic might turn into before it puts businesses in a tight situation. He is hopeful that by June things will be a little more clear and the pandemic situation will be positive. Most of Greg’s clients right now are growing between 10-30% a year. Greg’s advice is to reduce unnecessary spending, be cautious about staff adjustments, and ride it out. And remember, the stock market is not an accurate indicator of the economy.

 

Interview Links:

Simple numbers.me

Simple Numbers, Straight Talk, Big Profits,
by Greg Crabtree

Greg on LinkedIn

 

Resources:

Scaling Up Workshop: Interested in attending one of our workshops? We have a few $100 discounts for our loyal podcast listeners!
Scaling Up for Business Growth Workshop: Take the first step to mastering the Rockefeller Habits by attending one of our workshops.

Scaling Up Summits (Select Bill Gallagher as your coach during registration for a discount.)

Bill on YouTube