Finances. Accounting. Taxes. Do these words give you a pit in your stomach or a feeling in your chest that you just can’t describe? If the answer is, “Yes, Amy. I like making money, but dealing with it terrifies me,” you’re in the right place.
In this episode, I am chatting with Nicole Chapman of Fusion Profits, a serial entrepreneur turned profit strategist who has made it her mission to make sure business owners can actually pay themselves and turn a profit. Would you believe that many business owners don’t even actually pay themselves any money!? It doesn’t have to be this way.
Nicole and I are talking about all things money, from the dreaded taxes to tips for actually staying involved in your business finances versus turning a blind eye to all of it. Keeping track of everything can certainly be confusing and frustrating, but Nicole is offering her tips to make things just a little bit easier.
Whether you’re a new service-based business owner or you’ve been doing this forever but still can’t stand the money part of the business, this episode is for you. Tune in for a straight-forward discussion about how to make this part of your business less stressful so you can focus on growing and moving your business forward!
In this episode:
[05:02] Nicole introduces herself.
[07:34] The #1 thing a business owner should know about her finances
[10:45] Nicole’s top recommendation for a business owner
[14:54] We talk about taxes.
[19:04] What does Nicole see in businesses that bothers her?
[20:52] Tips for business owners to stay involved in their finances.
[24:03] Nicole recommends setting up auto-draw for payments.
[26:47] Where do service-based businesses spend the most money in expenses?
[33:24] Nicole’s piece of advice for business owners to take control of their finances
Links & Resources:
Connect with Nicole:
Email: [email protected]
Connect with Amy:
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Amy on Facebook