Stacy Tuschl is a speaker, business coach, and the owner of The Academy of Performing Arts in Wisconsin. She is the author of the book “Is Your Business Worth Saving?” where she reveals proven strategies for pulling entrepreneurs out of a rut and launching them toward business success.
Welcome back to another episode of Foot Traffic!
Now, as much as Traffic is important to a successful business, making a profit is just as important.
Today, I have someone here with me that will help you do just that. I am excited for you to get to hear Mike Michalowicz, the author of Profit First share his top #4 strategies.
In this episode, we are going to be talking about the numbers that actually matter in your business because now is the time to make sure you are on track to Profit First in 2020!
Here are a few highlights you won’t want to miss:
"It all of a sudden clicked for me with money..." at 2:04 Mike explains the "Smaller Plate" method to Stacy and how financial management can be like dieting. The bigger the 'serving' of money there is the more you are consuming. Mike talks about how to control the situation and the easy steps you can take.
"Should I pay myself or put the money back in my business..." at 6:31 Mike explains the importance of paying yourself. When you start allocating money to yourself, the owner, you start to see what is actually available to work with within your business.
"Willpower is like a muscle, it fatigues..." at15:40 Mike and Stacy discuss what your business is telling you when you don't have the money for something you want. Mike talks about removing temptations in your business so you don't go into debt.
You can find out more about Mike and Profit First at www.mikemotorbike.com. Click on 'get the tools' to get free chapters of Profit First. Then head to Amazon or any retailer to purchase the full version and start implementing now!
P.S. Did you know the doors are NOW OPEN to my signature program, Foot Traffic Formula?! Click here to learn more.