Shows
Cleaning and CocktailsThe Importance Of Financial Clarity Denai Wolfeđď¸â¨ Dive into this Week's Episode! Join me as I sit down for a fascinating interview with Denai Wolfe, also known as the chic CFO! đźđIn her twenties, Denai faced the challenge of owning and operating a failing franchise. 𤯠Despite the odds, she single-handedly transformed it into a profitable venture overnight. đ Now, Denai serves as a Financial Clarity Coach & virtual CFO, empowering entrepreneurs with her wealth of financial wisdom. đ°đĄGet ready for insights, inspiration, and a journey from financial struggles to success! đ Don't miss outâhit play now!Connect with Denai Wolfe :đ Website: https://thechiccfo.com/đ Linke...
2024-09-1752 min
The Profit FactorHow Highly Profitable Companies Choose What to SellHey there, profit seekers! It's podcast time, and we're diving deep into the strategies that turn your business dreams into reality. I'm your host, Denai Wolfe, on a mission to equip female entrepreneurs like you with financial education, empowerment, and freedom. In this episode, we're spilling the beans on how highly profitable companies choose their selling game. From wielding your strengths like a boss to tapping into market trends like a trendsetter, we've got the playbook to expand your financial future. So, if you're ready to transform your business hustle, grab your earbuds and hit âPL...
2023-09-0716 minThe Profit FactorHow Successful Service Providers, Coaches and Consultants Price Their Themselves CorrectlyWelcome back to The Profit Factor Podcast! Today, we're diving into a crucial topic: "How Successful Service Providers, Coaches, and Consultants Price Themselves Correctly." I'm Denai Wolfe, and I'm on a mission to empower female entrepreneurs with financial education, empowerment, and freedom. We'll explore the break-even point, pricing strategies, and the importance of a low barrier of entry pricing model. Discover how to make informed business decisions and keep your finances in check. Remember, pricing is practical and based on profitability, not feelings. Join me and level up your financial future! Share this episode with...
2023-08-3116 minThe Profit FactorHow to Expand your Financial FutureAre you ready to level up your financial game and avoid costly mistakes that can drain your profits? In this episode of The Profit Factor Podcast, I'm spilling the beans on the 5 most crucial financial blunders that entrepreneurs make, and trust me, you don't want to fall into these traps! Join me as we dive deep into these pitfalls and uncover practical tips to steer clear of them. Whether you're a seasoned pro or a budding entrepreneur, these insights will be a total game-changer for your business! Hit that play button now and...
2023-08-2408 minThe Profit FactorThe Top 10 Mistakes to Avoid in BusinessAre you tired of making financial mistakes that leave you feeling like you need a personal loan just to stay afloat? Well, fear not my friends, because in this episode Iâm telling you the 10 most costly mistakes I've see entrepreneurs make and how you can avoid them! Iâm sharing this so you can dodge the heartache, stress and money issues that come with these common and costly mistakes. In this episode, we're going to dive deep into these top 10 mistakes and I'll be providing you with practical tips to fix them. Whether you're a sea...
2023-08-0323 minThe Profit FactorHow to THRIVE in a constricting market"Thrive Like a Boss Babe in a Constricting Market: Strategies for Generating Cash Flow" Join me, Denai Wolfe, a financial empowerment advocate as I share valuable insights on thriving in a constricting market. As a former financial hot mess turned entrepreneur, I know the challenges female entrepreneurs face in tight market conditions. In this episode, I unveil five top tips to boost cash flow and keep businesses thriving, from streamlining operations and focusing on high-profit products to diversifying revenue streams and ramping up marketing efforts. Discover why a 10% profit margin might not be...
2023-07-2724 min
The FemFormula PodcastEmboldening Women Through Financial Literacy: Strategies to Achieve Financial Independence with Denai WolfeOMGEEE! Ladies, this episode for the week is incredible! Â As you may or may not know, I full heartedly believe that your health is your wealth. They are directly linked to one another and I'm super pumped for our guest on this episode. Denai Wolfe is a Virtual CFO, Financial Clarity Coach and Profit Strategist. She works with big thinking entrepreneurs to help them increase their profits by designing and implementing financial structure and systems. Denai understands entrepreneurs because she is one. In a past life she owned a photography business and two restaurant franchises. R...
2023-06-081h 00
Smart Business MovesHow to Turn Your Passion Into ProfitsDenai Wolfe is a Virtual CFO, Financial Clarity Coach, and Profit Strategist. She works with big-thinking entrepreneurs to help them increase their profits by designing and implementing financial structure and systems. Denai understands entrepreneurs because she is one. In a past life, she owned a photography business and two restaurant franchises. Running these businesses was where she learned the power of knowing your numbers. She follows one golden rule when it comes to business â if it doesnât make money it doesnât make sense. Her mission is to help entrepreneurs understand their financials and utilize the data to make o...
2023-05-181h 00The Profit Factor4 Ways To Create Cash Flow Now!Hey there, service providers, coaches, and consultants! I know you've been told a lot about cutting costs and saving money, but let's face it - we didn't get into business to live a boring, penny-pinching life, did we? It's time to think BIGGER and live the life of our dreams. Now, I know some of you might be hesitant to invest your hard-earned cash, but trust me, burying your money in your backyard is not the way to go. You don't have to take on the risk of a tightrope walker to get higher returns - just...
2023-05-0422 minThe Profit FactorHow Financial Pros Help Scaling Coaches & Service Providers Avoid RisksAre you ready to get your finances in check and avoid all those pesky pitfalls that come with scaling your business? If you're a service provider, coach, or consultant looking to grow your company, you know that navigating the financial world can be a bitâŚwell, overwhelming. That's where the financial pros come in! In this episode I'm going to share with you how these money masters can help you avoid the risks that can impact your success and stability. Press play so you'll learn from an expert in the field and...
2023-04-2724 minThe Profit FactorThe Top 3 Financial Reports to Boost Revenue and Increase Your Bottom Line!Who keeps track of your money? Even if itâs not you - as a CEO itâs important that you understand the meaning behind your numbers. I canât tell you how many times I talk to service providers, coaches and consultants and they refer me to someone else when I start asking questions about their financial statements. Statements that should be read often to guide the financial decisions of your business. Don't let lack of financial knowledge hold you back from reading these valuable reports! In this episod...
2023-03-1615 minThe Profit FactorFive Simple Steps to Set Up A Bookkeeping System in Your BusinessThere are many ways for service providers, coaches and consultants to set up their bookkeeping systemsâŚÂ But did you know that not all of them are efficient? And most of the âfreeâ systems arenât tracking everything your business needs to save the most at tax time. Thatâs why Iâm sharing FIVE simple steps to creating an amazing bookkeeping system in YOUR business⌠And WHY you need them to grow without hiccups. If youâre a service provider, coach or consultant, I want you to press play now! Thank you so much for li...
2023-03-1621 min
Fight Club 4 BusinessEp. 133 Denai WolfeDenai Wolfe is a Virtual CFO, Financial Clarity Coach and Profit Strategist. She works with big thinking entrepreneurs to help them increase their profits by designing and implementing financial structure and systems. Denai understands entrepreneurs because she is one. In a past life she owned a photography business and two restaurant franchises. Running these businesses was where she learned the power of knowing your numbers. She became so passionate about empowering entrepreneurs to take control of their numbers that she volunteered at her local womenâs business center in Wilmington, DE to educate female entrepreneurs on financial li...
2023-03-0652 min
Burnout To All Out Podcast113: Finding Financial Clarity with Denai WolfeIf youâre like a lot of entrepreneurs, diving into your business finances can leave you feeling overwhelmed and intimidated. But knowing your numbers means knowing your business.Denai Wolfe, CFO, financial coach, and serial entrepreneur talks with Melissa about the importance of having an accurate financial picture when it comes to your business. This knowledge will give you the clarity you need to fix the problems, fill the holes, and increase profitability.Denai has helped multiple entrepreneurs learn the money side of their business and take control of it. Her expert advic...
2023-02-2149 minThe Profit FactorTHREE strategies to increase your income and put an end to normalizing debtWe, as a society, have been scammed⌠I see Coaches and Service Based business owners grapple with paying down massive debt every day. And if youâre following the âtraditionalâ path to becoming debt free, aka cutting out your Starbucks and other simple pleasuresâŚbut I gotta tell ya for me - itâs always been the little things that bring me the greatest joy. And hereâs the good news - as the CEO of your own company Iâve seen THREE strategies to rid yourself of massive debt forever. Without cutting...
2023-01-1221 minThe Profit Factor6 SIMPLE steps to improve the relationship you have with your accountant, bookkeeper or CFOEven the most skilled Coach or Service Provider needs to surround themselves with a DIVERSE group of problem solvers. And Iâm not just talking about mentors, although I do believe mentors are critical to your success, but Iâm talking about your TEAM. Your team should be full of diverse TALENT. Everyone has a zone of genius and it is your job to learn how to utilize your team members for theirs. So in this episode Iâm going to share 6 steps to improving the relationship with your bookkeeper, accountant or CFO becaus...
2023-01-0525 minThe Profit FactorHow To Properly Grow Your Business And Team So You Have Less Employee TurnoverHow To Properly Grow Your Coaching or Service Based Business So You Have Less Employee Turnover. Have you ever heard the saying - one bad apple spoils the bunch? Well, my friends, it doesnât only apply to fruit. It also applies to employee! Negativity breeds negativity and itâs important to foster an environment that not only keeps employees happy⌠But gets them invested in YOUR business growth. After working with tons of Coaches & Service Based Businesses, I have discovered that itâs more important than ever that employer...
2022-12-1526 minThe Profit FactorHow to Pay Yourself the RIGHT WayHow Successful Coaches & Service Providers Pay Themselves the RIGHT way⌠I see Coaches & Service Based business owners struggle with paying themselves properly all the time. And if youâre not taking home a decent salary, something needs to change within your business. Thereâs no way you can keep growing if youâre not paying yourself what youâre worth. Itâs just not sustainable. And lucky for you, Iâve seen three key ways any business owner (no matter how bad itâs gotten) can learn to pay themselves appro...
2022-12-0826 minThe Profit Factor3 Reasons Why your not Hitting your Profit GoalsAre you struggling to hit your profit goals even though your revenue is growing? After working with tons of Coaches and Service Providers I have truly discovered the 3 big reasons why you're not hitting your profit goals. In this episode, Iâm going to reveal all of them. If youâre sick of feeling like a financial hot mess I want you to show up tomorrow so I can show you exactly how to increase your profits and decrease your stress so you never find yourself stuck again. Thank you so much...
2022-12-0825 minThe Profit FactorWing your eyeliner not your finances! How to turn your Passion into ProfitsLet's make 2022 your best year yet! It's time to take control over the money in your business and stop letting it control you! In this episode I'm talking about how to turn your passion into profits, make sure to press play now! Thank you so much for listening! Please subscribe, rate and review The Profit Factor on iTunes. Your ratings and reviews are greatly appreciated and have a tremendous impact on our show. To connect with Denai HERE! To download your FREE Profit Plan click here! This...
2022-12-0134 minThe Profit FactorInvesting in your Business - How Taking Financial Risks Can Grow Your BusinessWondering why your revenue isn't increasing even though youâve invested more money into your business? In this episode I'm talking about how to analyze risk before you make big financial decisions or big investments in your business. Taking financial risks can result in HUGE rewards or HUGE mistakes if you aren't making data-driven decisions. If you are making BANK BALANCE decisions or hoping your GUT is right and would prefer to use other methods and hear from a trusted advisor make sure to press play now! Thank you so much for listening! Pl...
2022-11-2419 minThe Profit FactorHow A Financial Pro Can Help You Increase Your SalesDo you know why your sales numbers are not increasing even though you want to make more money? After working with tons of Online and Service Based businesses, I have discovered the three core reasons they struggle to increase their sales. Because the hard truth is that your business wonât survive by breaking even each yearâŚ. or worse taking loss after loss, year after year. In this episode, Iâm going to reveal three secrets that are holding you back from increasing your sales! If you are sick and tired of fee...
2022-11-1724 minThe Profit Factor5 Ways to Make Tax Season a BreezeGuys...It's November - can you effing believe it?! And nothing says Happy Holidays like beginning to think about how to save more money on your taxes! (HINT: It begins by not waiting until December 31st to make decisions) After working with tons of online and service based businesses I have discovered 5 strategies to make tax season a breezeđ. You and I both know waiting until the last minute to prepare yourself is going to cost you more money and more stress! That's why in this episode I'm going to reveal all...
2022-11-1022 minThe Profit Factor#1 Tax Loophole That Can Save You THOUSANDS!Attention business owners did you know that the IRS allows you to rent out your house for 14 days without having to pay income taxes? This is the #1 tax loophole you need to know if you own a business and a home! This little known tax deduction loophole can help you save massive amounts of money on your taxes. Itâs called the Augusta Rule and is the #1 Tax Loophole You Must Know if you are a business owner and home owner. So if you are ready to save tons on your taxes press play now!...
2022-08-2517 minThe Profit FactorHow Much Should I Save for TaxesAttention business owners did you know that the IRS allows you to rent out your house for 14 days without having to pay income taxes? This is the #1 tax loophole you need to know if you own a business and a home! This little known tax deduction loophole can help you save massive amounts of money on your taxes. Itâs called the Augusta Rule and is the #1 Tax Loophole You Must Know if you are a business owner and home owner. So if you are ready to save tons on your taxes press play now!...
2022-08-1812 minThe Profit FactorTaxes Made Simple - Tax 101 for Small Business OwnersDo taxes have you confused AF? I get it. I've been there. And that's why I recorded this episode that's jam packed with essential tax tax knowledge every entrepreneur should know! Press play now to learn how our tax system works so you can make smart, strategic and savy decisions in your business. Thank you so much for listening! Please subscribe, rate and review The Profit Factor on iTunes. Your ratings and reviews are greatly appreciated and have a tremendous impact on our show. To connect with Denai HERE! To download...
2022-08-1110 minThe Profit FactorTime is Money...LiterallyIn this weekâs episode of the Profit Factor Podcast I'm talking all about TIME and it's strong connection to money. The truth is that time IS money...Literally. And while "Time is money" is a common saying the truth is most entrepreneurs don't truly understand the connection and the sooner you "get it" the sooner you will be able to take control of your business and your life. Can I get an Amen?! Press play to learn about: Why time is money The hidden connection between time and money How to us...
2022-08-0431 minThe Profit FactorWhat's Profit Margin?In this weekâs episode weâre talking all about PROFIT MARGINS! Profit margins are so important to understanding your business and itâs something every single entrepreneur should know. Why? Because profit margins tell you how much money you actually make from your business. And once you know that you can set intentional business goals that align with your desires. Can I get an Amen?! Press play to learn about: What the heck a profit margin is How to track your profit margins How to increase your profit margins How to...
2022-07-2812 minThe Profit FactorWhat's Profit Margin?Sometimes I feel that we, as women, fought for a seat at a table that wasn't built for us. While I know for certain that we can do anything our male counterparts can, the truth is that the way we do it is different and thats ok. We don't have to conform. While we are equal we are NOT the same. Which means that our experience is unique and in this episode I'm breaking it all down. I'm talking about being a women in business and getting into the good, the bad and the UGLY. ...
2022-07-2133 minThe Profit FactorWhy You Should Stop Saving MoneyIn this week's episode, I'm talking about why you should STOP saving! ...yes, that's the reaction I've been getting! But hear me out. Press play if you're ready to learn: Why saving your money isn't all it's cracked up to be...there are better ways, I promise! Why you might regret saving money The best alternative to saving your hard-earned cash, because let's face it, you deserve it! How to make your money work for you! If you're ready to be the catalyst for generational wealth in your family, this one's for you! ...
2022-07-1425 minThe Profit FactorHow to Avoid Overpaying TaxesAre you over not understanding enough to be able to reduce your tax bill? Let's be real, not one of us wants to pay uncle sam a dime more than we have to! But the HOW can be a little intimidating...until now! In today's episode, I'm sharing my top tips on how to stop overpaying your taxes and gain back control of your money! Press play if you're ready to learn: How to make sure Uncle Sam is ONLY getting what he absolutely needs from you, The simple way to minimize...
2022-07-0716 minThe Profit FactorStarting an LLC? Avoid these mistakes!This week on the Profit Factor Podcast I am talking all about starting an LLC - and everything that comes with it! When it comes to starting a new business, there's a number of routes you can go down but the chances are you'll form an LLC. Yet it's not as easy as just setting yourself up and watching the dollars roll in. There are some common mistakes that a lot of small business owners make, so if you want your business to run by the book, AND avoid overpaying your taxes then you need...
2022-06-3024 minThe Profit FactorHow to Expense Business Meals in 2022Love food? Me too! Love money? Me too! That's why in this episode I'm breaking down how you can write off your business meals so you can pay less in taxes! Thanks to the Consolidated Appropriations Act of 2021 any business meals you get at restaurants are 100% tax deductible. Previously they were only 50% deductible and they are going back down to 50% in 2023 so enjoy it while you can. So press play to learn everything you need to know to take advantage of this temporary tax perk! Thank you so much for listening! Please subscribe...
2022-06-2307 minThe Profit FactorHire Your Kids in Your Business & Save on TaxesIn this week's episode of The Profit Factor Podcast I'm talking all about hiring your kids to work for you, and why this is actually a great idea! We often joke about getting our kids to do the things we donât want to do, but when it comes to running a business, itâs actually REALLY beneficial to get them involved! Not only are you demonstrating the practicalities of running a successful business (something thatâs only going to help them in futureâŚ) but itâs also a GREAT - and legit - tax-saving strategy! Press pl...
2022-06-1607 minThe Profit FactorWork SMARTER not HARDERIn this week's episode of The Profit Factor Podcast I'm talking all about how to Work Smarter, NOT Harder⌠I know you started your business to make some serious bucks. Enough regular profit to sustain the lifestyle you desire AND deserve. But so often, even when the money DOES come rolling in, weâre too busy chained to our laptops to enjoy the life it can provide for us. If youâre ready to break free from the chains of 24/7 business, press play NOW to discover: How to design a business that WILL s...
2022-06-0907 minThe Profit FactorIRS Audit Red Flags & TriggersIn this week's episode of The Profit Factor Podcast I'm talking all about the dreaded A-word: AUDITS! As much as we want to avoid it, getting audited by the IRS is something that could happen to you at any given time. It might be rare, but there are some business Red Flags that can trigger Uncle Sam to pay your company a visit - and to paraphrase Whitney Houston: He wants to see the receipts! But even though an audit can be costly and time consuming, there's no need to panic (as long as you've...
2022-06-0214 minThe Profit FactorHow to Charge your ClientsIn this week's episode of The Profit Factor Podcast I'm talking all about how to charge your clients. In order to run a successful business you must have sales. Which means you have to have paying customers. But in order to have paying customers you have to set up a process for them to pay you. Today we are diving into how to set up that process. Stripe, Paypal, Dubsado, QBO... there are a whole range of options for invoicing and receiving payments, and we will be exploring them all:) Press play NOW...
2022-05-2618 minThe Profit FactorHow Much Should you Pay YourselfIn this week's episode of The Profit Factor Podcast I'm talking all about How Much to Pay Yourself. Paying yourself from your business is not something you should be winging - there's a specific formula that will allow you to determine how much you should be taking home. If you don't take the time to figure it out, you could end up spending your life on the entrepreneurial hamster wheel of working non stop and getting no where. You have to build a company that can support the life you desire. And that starts with...
2022-05-1223 minThe Profit FactorHow to Read a Cash Flow ReportIn this week's episode of The Profit Factor Podcast I'm talking all about how to accurately read and analyze a Cash Flow Report. The final in our series of the three core reports ALL business owners need to know, a Cash Flow Report is the key to keeping your business afloat. You've heard me say before that Cash is Queen, and it's a fact that even the most profitable businesses can sink if they've not got a handle on the money flowing through their accounts. If you don't want your company to be a Cash...
2022-05-0532 minThe Profit FactorHow to Read and Analyze a Balance sheet like a CFOIn this week's episode of The Profit Factor Podcast I'm talking all about how to accurately read and analyze a Balance Sheet. A Balance Sheet gives you a snapshot into your company's worth, and shows you the difference between what you OWN and what you OWE. Balance sheets are one of the three core reports that ALL business owners need to get to grips with if they want to actually make MONEY! Get ahead of your business balances by pressing play NOW to learn: What a balance sheet actually IS, How to accurately read...
2022-04-2827 minThe Profit FactorHow to Read and Analyze a Profit and Loss like a CFOIn this week's episode of The Profit Factor Podcast I'm talking all about how to accurately read and analyze a Profit & Loss Report. Your P&L gives you a snapshot into what the heck is actually happening in your business, where your money is coming FROM, and where exactly it's going TO. A lot of the time as entrepreneurs we can be overwhelmed by the numbers so we tend to put our Profit and Loss sheets to the backs of our mind - but it's one of the most important reports business owners need to...
2022-04-2123 minThe Profit FactorTax Prep Vs. Tax Strategy - What's the Difference?In this week's episode of The Profit Factor, I am talking all about Tax Prep vs Tax Strategy - and why you REALLY need to know the difference! When it comes to keeping Uncle Sam happy, sometimes the best option is to hire someone to take the stress away. But are you hiring the right person for the job? Deciding on whether you want someone to simply plug & play your financial data, or someone who will help you plan for the future of your biz can be the difference between a booming empire or a...
2022-04-1420 minThe Profit FactorGrowth vs Scaling - What's the difference and why does it matterIn this week's episode of The Profit Factor, I'm talking all about Growing vs Scaling - and what the difference really is. You might have heard the quote "In business, if you're not growing, you're dying" but there's a HECK of a difference between GROWING a small business, and SCALING it. While they both aim to increase your revenue, let me tell you they take your biz down completely different paths - and you need to choose your path carefully. If you're ready to elevate your business (and your income!) to the next level, you...
2022-04-0722 minThe Profit FactorHow to Pay Yourself From Your BusinessIn this week's episode of The Profit Factor Podcast I'm talking all about the REAL reason you started your business - to make MONEY! We could go round and round all day about the idea of "If you are doing it for the money then you're in it for the wrong reason" but I gotta tell ya, I think that's bananas. Because the truth is when we get down to the nitty gritty, you started your business to Make Money, which means you REALLY need to be paying yourself! If you are not paying yourself...
2022-03-3121 minThe Profit FactorWhy Simplicity is the Key to ProfitabilityIn this week's episode of The Profit Factor Podcast I'm talking all about why Simplicity is the key to Profitability in business! Math is complex enough without adding layers of extra stress to managing your money. If you want to successfully run and grow a profitable company, Keeping It Simple is the way to master your business finances! Press play now to learn: Why simplifying your finances is the best way to increase profits, How having an easy-to-follow money management process means youâre more likely to actually keep on top of it, and Wh...
2022-03-2425 minThe Profit FactorHow to Save Receipts for Your BusinessIn this week's episode of The Profit Factor Podcast I'm addressing the skeleton in all entrepreneursâ closets - shoeboxes full of receipts! Weâve all been there. Each year we start with the best of intentions to set up a receipt management system but before we know it the shoe box is exploding and weâve got no system in sight. Well Iâm here to tell you that it doesnât have to be this way! Get ready to put your shoes back in their rightful home and get those receipts properly filed away once and f...
2022-03-1724 minThe Profit FactorHow to Record PPP Loan Forgiveness in QuickbooksOn this week's episode I am going to teach you exactly how to record your PPP loan forgiveness in Quickbooks. #BlastFromThePast: Remember when PPP forgiveness was the buzz in biz? For most of 2020/21, PPP loans were all we spoke about. I had my daughter in May of 2020 and I was completely convinced her first word would be PPP - FYI it was Mama:) Now here we are in 2022 and all of those loans are finally being FORGIVEN, whoop whoop! And you're probably wondering - how in the HECK do I record this?? Well don't worry...
2022-03-1018 minThe Profit Factor15 Cash Flow TipsOn this episode I am diving head first into why Cash is Queen when it comes to your small business and I'm sharing 15 Tips to Keep your cash flowing like the Nile! The number one reason that businesses go under is lack of cash flow because managing the cash in your business can be tricky. Believe it or not, even profitable businesses often struggle with cash flow problems. That's why you are going to want to press play to learn: Why Cash is Queen in your business How even profitable businesses can fail if they don't...
2022-03-0338 minThe Profit FactorBehind the Scenes with QBO a Complete Backstage TourWelcome to The Profit Factor Podcast! In this week's episode I'm taking you Behind The Scenes of QuickBooks Online with a complete Backstage Tour! Being a groupie doesn't have to just be reserved for your favorite band - it's also exciting to know exactly what's happening in your accounting systems! If QuickBooks gives you Accounting Anxiety, let me show you how simple it really can be! Press play now to learn: How QuickBooks can ovehaul your company - and your life, Why it practically does the hard work for you with its EASY and...
2022-02-2531 minThe Profit FactorAccounting Basics - A Guide To Almost Everything You Need to KnowWelcome to The Profit Factor Podcast! In this week's episode I'm talking about Accounting Basics: A Guide to (almost) Everything You Need to Know! Running a business can be stressful, exciting and rewarding all at the same time - but if you don't have a handle on your numbers, those profits won't be rolling in. Having a basic understanding of how to track and use your business financial data is the key difference between BOOM and BUST... Press play now to learn: What the heck accounting actually IS Why you NEED to...
2022-02-1725 minThe Profit FactorWhich version of Quickbooks Online Should I Use?Welcome to The Profit Factor Podcast! In this week's episode I'm talking all about Quickbooks Online, and how to decide which version is best for YOU. When it comes to the 4 possible versions of QBO, not all things are created equal; knowing which version will help you grow and scale your business will be key to maximizing your time AND maximizing your profits! Press play now to learn: The pros and cons of all 4 versions of Quickbooks, How much each version will cost you, and How to decide which version will make...
2022-02-1026 minThe Profit FactorSetting Financial GoalsWelcome to The Profit Factor Podcast! In this week's episode I'm talking about how to set strategic financial goals for 2022. You know the saying 'a goal without a plan is just a wish'? Well now it's time to STOP wishing and START doing! So many entrepreneurs are on a quest to hit that magical 'Financial Freedom', without ever considering just how they're going to get there - or even why! Press play now to learn: Why you need to set financial goals in order to successfully grow your business How and when...
2022-02-0332 minThe Profit FactorHow to File 1099sWelcome to The Profit Factor Podcast! In this week's episode I'm talking all about keeping on top of your 1099s. Every business owner in the USA is responsible for filing and issuing 1099s to certain contractors, but when it comes to 1099s, To Give or Not To Give - is the question! If you're confused AF about who, when and HOW to give a 1099, there's no need to panic! Press play now to learn: What the heck IS a 1099 and how to know who needs one When they're due, and...
2022-01-2736 minThe Profit FactorHow to Review Last Year's FinancialsWelcome to The Profit Factor Podcast! In this week's episode I'm talking about how to review your 2021 financials in order to make 2022 your best money year yet! Last week I talked about how to correctly close your books for 2021, and if you don't pay attention to what the numbers have told you in the past, you're never going to be able to make achievable goals for your profit future - after all, in order to get where you're going, you need to know where you've been! Press play now to learn: Why...
2022-01-2032 minThe Profit FactorHow to Close out your Books for 2021Welcome to The Profit Factor Podcast! In this week's episode I'm talking about ending 2021 with a BANG by closing down your books the right way. Ben Franklin said 'Nothing is certain but death and taxes' but only one of those things is definitely coming in the next couple of weeks, so you need to be on the ball if you want to end the tax season on the right side of Uncle Sam. Press play now to learn: How to make sure you've closed your books CORRECTLY (and why you want this...
2022-01-1330 minThe Profit FactorAre you going to owe taxes? Do this, not that!Welcome to The Profit Factor Podcast! In this week's episode I'm talking about owing taxes, and what you should and absolutely SHOULD NOT do! Rushing out and spending your money on a ton of sh*t in the hopes of negating the amount you owe in tax might seem tempting - but that's not how it works! At best, you're going to still owe the taxes but have even less money to pay it with; at worst you're committing tax evasion. Press play now to learn: Why throwing away your money on...
2021-12-3024 minThe Profit FactorHow to Give Back this Holiday Season even if your bank balance is lowWelcome to The Profit Factor Podcast! In this week's episode we are talking about ways to give back this festive season, even if your bank balance is low. So many people believe that giving to charity means writing a large check, and if you don't have those kinds of funds you might decide to skip it altogether. But giving back to the local or global community goes way beyond the numbers in your bank account. Being able to give a part of yourself - from your heart - can be worth so much more than...
2021-12-2322 minThe Profit FactorHow and When to Invest in your BusinessWelcome to The Profit Factor Podcast! In this week's episode we are talking all about investing in your business. The whole point of running a business is to make money, but making smart investments BACK into your business can open doors to financial returns that you may have never even dreamed possible - as long as you're investing strategically. Press play now to learn: How to decide if it's the right time to make smart investments in your business What investments are going to bring you the greatest ROI and The major...
2021-12-1625 minThe Profit FactorSix Figures & Freedom with Kelly JonesWelcome to The Profit Factor Podcast! In this week's episode we are joined by Kelly Jones, The Cleaning Girl, to discuss Six Figures and Freedom within your biz. You might be on a quest to bring in that magical six-figure income, but all the money in the world won't bring you happiness if you don't have the energy to enjoy it. A successful entrepreneur knows how to balance Profits and Purpose - and doesn't get stuck in the trap of sacrificing their freedom for the sake of their business. Press play...
2021-12-0935 minThe Profit FactorHow Having An Attitude of Gratitude Can Impact Your Bank AccountWelcome to The Profit Factor Podcast! In this week's episode we are talking about the power of holding an Attitude of Gratitude and its impacts on our behaviors, feelings and bank balance. Showing appreciation for what we already have instead of constantly chasing the next great thing will go a long way to improving your attitude towards money - and the balance in your bank account! Press play now to learn: Why cultivating feelings of gratitude can reduce the need for chasing an impulse-spending 'high' How gratefulness = contentment and What we can...
2021-12-0221 minThe Profit Factor5 Signs It's Time to Outsource your BookkeepingWelcome to The Profit Factor Podcast! In this week's episode we are talking about the five signs that it's time to start outsourcing your bookkeeping. Bookkeeping is a keystone to running a successful and profitable business, but if it's not in your Zone of Genius then you could be losing both time AND money by crunching numbers, when you could simply Delegate to Elevate your empire. Press play now to learn: How to be the CEO of your business instead of the CBO (Chief Bookkeeping Officer) The real reason you're behind on...
2021-11-1819 minThe Profit FactorHow to Talk about Finances with your PartnerWelcome to The Profit Factor Podcast! Does your partner know what's going on in the finance department of your company? In this week's episode we are talking about how to discuss business finances with your partner. Your relationship is one built on love and trust - but how can that trust be stable when you're not being open about what's happening in your biz? Press play now to learn: Why you need to keep your partner involved when it comes to your business finances - and what that actually looks like How...
2021-11-1534 minThe Profit FactorMaximum Time Maximum Profit with CourtneyWelcome to The Profit Factor Podcast! In this week's episode we are joined by The Queen of Automation, Courtney Wisely, to talk about maximizing your time in order to maximize your profit, and you can find out more about her amazing work here. How we spend our days is how we spend our lives, and if we're always chasing the clock we risk leaving a ton of money on the table... Press play now to learn: Why time is our greatest currency How time and money are connected, and How money without...
2021-11-1031 min
Smart Cleaning SchoolHow to WIN with Money with Denai Wolfe Denai Wolfe is the first ever three-peat expert guest in the Smart Cleaning Tribe. She came on this May to talk about basic accounting and teach our members how vital it is to read basic accounting sheets. I'll bring more of this expert call to you down the road. This 18-minute clip reveals an excellent mindset on money and why we ever opened a cleaning business. Plus, Denai shares a few great examples of what knowing your numbers can do for your bottom line."The real reason you started your business was to make mo...
2021-11-0823 minThe Profit FactorThe Most Common Money Mistakes Entrepreneurs MakeWelcome to The Profit Factor Podcast! In this week's episode we are talking about the most common money mistakes made by entrepreneurs every day. Building a business can be hugely rewarding but there's a whole lot of Profit Pitfalls you'll need to make sure to avoid! Press play to learn: The problem with mixing business and pleasure when it comes to funds Why Cash is Queen How underpricing can massively damage your take home pay and What automations can bring to your profits Grab your copy of my Free Profit Plan...
2021-11-0333 minThe Profit FactorHiring Independent Contractors vs EmployeesWelcome to another episode of The Profit Factor Podcast! In this week's episode we are talking about classification of workers and keeping within labor laws! When you hire a worker there's a lot more to consider than just who should do the job. US labor laws are strict so if you're not correctly classifying your workers, you could be facing the wrath of Uncle Sam. Press play to learn: The difference between Contractors and Employees Which type of worker will be the best fit for your business and How to keep compliant...
2021-10-2731 minThe Profit FactorThe Best Ways to Increase your ProfitsWelcome to The Profit Factor Podcast! In this week's episode we are talking about the foolproof ways to explode your profits! You might be bringing in the customers, but are you actually ending up with money in your back pocket? Press play to learn: Why sales and profit are NOT the same thing The easy way to calculate your actual profits Numbers you NEED to be tracking if you want to take home some serious pay! The secret to exploding your profits Download your copy of my free Profit Plan Tool...
2021-10-2031 minThe Profit FactorHow Outsourcing Can Help You Increase Your ProfitsWelcome to another episode of The Profit Factor. In this week's episode we are joined by Ariel and Tianna from Laptop and Littles to talk about why you should Delegate to Elevate Your Biz. Doing #allthethings yourself might save you MONEY, but it will cost you TIME - and when time = money, are you really making a profit? Press play to learn: Why outsourcing can help you grow your profits The proper way to outsource How to find the right person to help build your business Get yourself comfy and let's...
2021-10-0739 minThe Profit Factor5 Numbers Every Business Owner Should Be TrackingHi there and welcome to this week's episode of The Profit Factor! Every entrepreneur wants their business to succeed, but unless you know exactly what story your financial data is telling you, this might not be so easy. This week I discuss the 5 numbers that EVERY business owner needs to be tracking, how to keep on top of your data and exactly why these numbers can be the different between a booming business and bust! Grab your copy of my FREE Profit Plan, settle in to listen, and get ready to track those...
2021-10-0619 minThe Profit FactorWhat's the Difference Between a CFO, CPA, and a BookkeeperHi there and welcome to another episode of The Profit Factor! This week we are going to look at outsourcing your Money Management and how to pick the right person for the job! Who are you going to turn to for help with strategising your profit? What about filing your tax returns, or organising your bank accounts...? It's easy to get confused with all the different types of money management available and determining who is going to be right for your needs. Listen in as I explain the difference between CFOs...
2021-09-2323 minThe Profit FactorHow to Increase Profits Without Increasing SalesWelcome to another episode of The Profit Factor! This week I will be talking about ways to increase your profits without having to chase down more sales. We will discuss efficient financial systems, accurate calculation of revenue and expenses and ways to identify cost-saving areas in your business that will automatically cause those profits to explode without ever having to increase your sales! Make sure you've got your copy of my FREE Profit Plan Plan and get ready to start crunching those numbers and seeing your business profits soar!
2021-09-1728 minThe Profit FactorHow to Pay Quarterly TaxesHi! Welcome to this week's episode of The Profit Factor! We are going to be talking all things Quarterly Taxes and how to avoid being hit with a hefty fine from Uncle Sam. The way you calculate your quarterly taxes is likely to be inaccurate due to a mix of unclear information and kinda wonky due dates. Listen in to discover EXACTLY what numbers and dates you need to be using for your tax returns in order to avoid being hit by the IRS! Also, don't forget to download my FREE Profit Plan t...
2021-09-1523 minThe Profit FactorWhy More Revenue Doesn't Mean More ProfitHey you! Welcome to another episode of The Profit Factor. This week we are answering that burning question: Why am I making more revenue but NOT making more profits? So many entrepreneurs think that they can solve their financial problems by throwing more money at them and chasing sales. That wonât necessarily get you out of the red guys! If your financial processes are broken, theyâre staying broken whether youâre bringing in $5,000 in monthly revenue or $100,000! Listen up as I explain to you HOW to fix those broken financ...
2021-09-0817 minThe Profit FactorWhy I Want You To Pay A Lot Of TaxesHi there! Welcome to this weekâs episode of The Profit Factor. Today I want to talk to you about paying A LOT of taxes! Not as scary as it sounds - paying your taxes will actually save you a lot of fiscal heartache! I will cover: Why profitable business = paying a lot of tax How tax evasion can massively screw up your financial future What having a 'broke on paper' business means for your borrowing power Ways to responsibly, ethically and LEGALLY tax shelter. If youâve ever wanted to know how to m...
2021-08-3028 minThe Profit FactorWhy You Need Data To Grow Your BusinessIf you don't know whats going on in your bank account you don't know what going on in your business #truthbomb. Your numbers tell the story of your business the question is are you reading the books? In this week's episode I'm teaching you the golden rule: Numbers donât lie. They tell us EXACTLY what is and isnât working for our business, and if you arenât paying attention then youâre sure to miss the red flags! Tune in to find out why knowing your financial data is crucial to making sure your pro...
2021-08-2522 minThe Profit FactorHow to Give Yourself a RaiseHey there! Welcome to this weekâs episode of The Profit Factor! I want to help you answer that huge, scary question: Is It Time to Give Yourself a Raise? When business feels like itâs booming, it makes sense to start paying ourselves a little more! But you donât want to jump into this financial commitment without making sure youâve covered all bases! This week I will talk you through: Calculating your profits accurately Setting a personal budget - that is honest! The difference between your GROSS and NET profits...
2021-08-1818 minThe Profit FactorHow to Do a Mid Year Money ReviewWelcome, all you savvy entrepreneurs, to this week's episode of The Profit Factor! Join me as I discuss the importance of performing a Mid-Year Money Review, talk you through my easy-to-follow Money Review Roadmap and show you how to make the rest of 2021 your financial playground! In this episode I will be covering: How to calculate revenue, expenses and profit Understanding your personal contributions Forecasting your 2021 Profit Comparing projections to your goals and discussing when it is appropriate to reset them We are halfway through the year and if you're not feeling like...
2021-08-1218 min
Franchise EuphoriaSimplifying The Cares Act with Denai Wolfe of The Chic CFODenai Wolfe is a Virtual CFO, Financial Clarity Coach and Profit Strategist. She works with big thinking entrepreneurs to help them increase their profits by designing and implementing financial structure and systems. Denai understands entrepreneurs because she is one. In a past life she owned a photography business and two restaurant franchises. Running these businesses was where she learned the power of knowing your numbers. She became so passionate about empowering entrepreneurs to take control of their numbers that she volunteered at her local womenâs business center to educate female entrepreneurs on financial literacy. The more students she go...
2020-04-1650 minSmart Cleaning SchoolThe CARES ActThis episode is for my US-based solo cleaners only. President Trump signed the CARES Act into law on Friday, March 27th. In this 900 page, $2 trillion bill, congress has earmarked $350 billion in personal stimulus to American families and $350 billion to the Small Business Administration (SBA) to disperse to small businesses across the fruited plain. The personal stimulus is automatic and requires no action. If the Treasury already has your bank's direct deposit on file, you'll receive your money in April 2020. Otherwise, it may take a few months. If you're like me, you just assumed you didn't qualify for any of...
2020-04-0936 minThe Profit FactorPassion to Profit in 6 StepsHello friends! In this "live" episode, I'm sharing a speech I gave on Passion to Profit! I recently had the privilege and honor of sharing with a group of women at an event called The Pink Experience, hosted by the Women's Business Center in Delaware. It was insightful and empowering to get a big group of boss babes together to talk all things business! In my speech, I gave a six-step process for turning your passion to profit (because that's what we're all here for anyway, right?!). I shared practical, simple steps for...
2019-10-3031 minThe Profit FactorLive the Life You Want!I am SO excited about this special episode, featuring my friend and fellow entrepreneur, Tom Sylvester! Buckle up and get ready for some super valuable concepts and strategies in this insightful interview with a guy who GETS IT! Tom is a business consultant, entrepreneur, speaker and author. He works with entrepreneurs and business leaders to help them grow and scale their businesses through leadership, strategy, and systems. He spent several years doing this with Fortune 500 companies and their leaders before shifting his focus towards his passion, which is helping entrepreneurs and small businesses. A...
2019-10-1841 min
The Profit FactorThe Empress Has No ClothesWelcome Back! I'm so glad you've come back for more! You know the fable about the emperor's clothes? Yep, that's what we're talking about today...except it's an Empress, of course! Shout out to all my boss babes out there! You don't need a super fancy website (or any website at all, actually) to build and grow your business. Today, I'm sharing with you my personal experience working with entrepreneurs that seem to have it all together on the outside, but when digging into actual expenses vs. profits, their businesses were in trouble...
2019-10-0218 min
The Profit FactorIf it Doesn't Make Money it Doesn't Make SenseWelcome! Thanks for tuning in to the very first episode of The Profit Factor Podcast! We've all heard it...what's your 'Why?' What is the passion that motivates you to build or grow your business? I'm fed up with those pretty, cliche answers - my family, my desire to help others, blah blahhh - enough already! Let's get real...you started your business TO MAKE MONEY! And guess what?! That's ok! Money is not a dirty word...in fact, it makes the world go round! So where does passion fall into this...
2019-09-2521 min