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She Means Profit

The She Means Profit Podcast is devoted to helping entrepreneurs master their finances and launch, grow, and scale their businesses. Simple, digestible, actionable advice from Melissa Houston, an accredited CPA with over 20 years of experience. Real business owners, real talk, real solutions.

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She Means Profit

Does Your Business Need a Money Makeover?

December 12, 2022 • Melissa Houston • Episode 126

“Your business finances are the backbone of your business.”

— Melissa Houston

Quick question: when was the last time that you evaluated your business’s financial practices? If the answer is “I can’t remember” or “never,” then this episode is for you.

Every business should periodically review its financial practices in order to ensure that it’s operating as efficiently as possible. If your business isn’t humming along like a (profitable) well-oiled machine, it may just need a money makeover!

A money makeover can help you save money, make more profit, and feel more financially confident in your business through blocking money leaks, optimizing your pricing, creating the right revenue targets, budgeting effectively, and better managing your cash flow.

Remember: 82% of businesses fail due to financial mismanagement — I want you to beat those odds, so let’s make sure that your financial practices are serving you and your business goals!

In‌ ‌this‌ ‌episode,‌ ‌you’ll discover:‌ ‌

8 expert tips that will help you give your business a full money makeover
A powerful tool to help you manage your credit card debt repayments with more ease
How to pre-order my upcoming book, Cash Confident: An Entrepreneur's Guide to Creating a Profitable Business!

Highlights:‌ ‌

00:50 Intro & Cash Confident pre-orders

05:22 Time for a money makeover?

07:46 Credit card debt

09:59 Feedback, focus & goal-setting

10:40 Cut back on expenses

12:15 Set goals & hire a financial planner or coach

14:07 Make a budget

15:00 Invest in yourself & cut down spending

16:25 Start a retirement plan

17:22 Get organized

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