Info

The Retirement Years on Profit Boss® Radio

The Retirement Years on Profit Boss® Radio is a weekly wealth building and retirement mastermind for women and couples. Want the secrets to wealth and retirement to be yours? This is the place. Hosted by Hilary Hendershott, CFP®, MBA, a fiduciary financial advisor running a leading advisory firm, she inspires and empowers listeners on their financial and professional journeys by sharing real stories from real life and real people who are reaching financial success. Let Hilary be your guide as you defy the odds, take control of your money, grow your wealth, and retire well. Hilary’s pragmatic approach to money, no-nonsense attitude, and sophisticated topics combine to create a podcast worthy of its 5-star rating. To learn more about Hilary, read, listen, or watch the show, follow the blog, or to connect directly visit www.hilaryhendershott.com.
RSS Feed
The Retirement Years on Profit Boss® Radio
2020
July
June
May
April
March
February
January


2019
December
November
October
September
August
May
April
March
February
January


2018
December
November
October
September
July
June
May
April
March
February
January


2017
December
November
October
September
July
June
May
April
March
February
January


2016
December
November
October
September
August
July
June
May
April
March
February
January


All Episodes
Archives
Now displaying: Page 1
Jan 7, 2020

Today’s topic is one that is very close to my heart. I’ve worked with hundreds of business owners to increase their wealth. It’s something I’m very passionate about, and business financials are invariably intimidating. Honestly, I rarely meet a business owner who feels they have a good grasp on their costs, revenue sources, and profit, let alone what to do about any of that. The worst part is that I see so many business owners languish in “I’m still in ‘investing in my business’ mode” which is always code for “I’m not paying myself enough.” It’s a common, chronic condition that I’m out to cure! 

Business can be the golden road to an amazing lifestyle, but you have to PAY YOURSELF in order to accomplish that. Otherwise, you’ve simply built yourself a job.

So, let’s get to work decoding your business numbers.  

In today’s episode, we’re digging into how to measure financial performance for three types of businesses: product businesses, brick-and-mortar businesses, and online businesses. You’ll learn what the most successful business owners I’ve worked with do (and look out for) to meaningfully measure performance, turn a profit, and consistently take home a paycheck. 

If you’ve struggled to measure your success by key performance indicators, or worse, struggled to use key performance indicators that simply didn’t apply, this approach will feel like a breath of fresh air - and can help you figure out exactly what you need to do to achieve smart, sustainable growth. 

Joining me for today’s conversation is Danielle Hayden. After 10 years in the boardroom as a CFO, she’s now the co-owner of Kickstart Accounting Inc, where she helps women get out of overwhelm, stop hiding in the dark, and take home the paychecks they deserve. 

So, are you ready to stop hiding from your financials so you can finally get to know your business, inside and out? Then you don’t want to miss this episode. Tune in to Profit Boss® Radio today!

Here’s what you’ll find out in this week’s episode of Profit Boss® Radio:

  • Why women constantly struggle to pay themselves from their businesses.
  • Why the metrics and KPIs so many business coaches focus on don’t apply.
  • Why failing to understand financials makes it nearly impossible to achieve profitable growth.
  • Examples of great product businesses - and what makes them so good.
  • When owners of product businesses should think about shutting down or considering other avenues.
  • How to evaluate financial underperformance and determine if it’s time to reevaluate a business model.
  • Why being emotionally attached to an unsuccessful business can be financially devastating.
  • The unique metrics that make measuring brick-and-mortar business performance different from that of online businesses.
  • The KPIs I use to understand where to focus my energy and make sure my online service business is growing.
  • How online service businesses can effectively track time - even when they don’t bill clients by the hour.
  • What business owners should be paying themselves, and how payouts should work.
  • How people in their 30s and 40s should save for the future.
  • Why it’s so important to understand your numbers.
  • Why almost every business owner needs custom tools to measure their finances.

Show Notes

To get access to the full show notes, including resources mentioned, transcript, and a complete breakdown of the End of Year Wealth Building Checklist, visit HilaryHendershott.com/154.

Follow Hilary on:

Twitter
LinkedIn
Instagram
Facebook
YouTube

Subscribe to The Retirement Years on Profit Boss® Radio
Apple Podcasts
Overcast
Spotify
Stitcher
Google Podcasts

0 Comments
Adding comments is not available at this time.