Profit and Prosper

We are entering 2023 with high inflation and a recession potentially looming on the horizon. While these things have the potential to impact your business, there’s no reason to stop working on taking your business to the next level and increasing your profits! In this episode, I’m sharing my tried and true 3-step CFO framework for how to make more money. It's time to stop being self-employed and c...

It’s easy to see why this episode was the #1 downloaded episode of 2022, it is full of business tips that will blow your mind. Your money mindset can make or break your business. When you are in the pit of despair, many entrepreneurs bow out of the game, when in reality all they need to do is shift their money mindset. Josh Hall, Web Design Coach who has helped over 1,300 students build scalable w...

This episode was the 2nd most downloaded episode of 2022 and it is full of sales wisdom. Grab a notebook and pen, saddle up, and get ready to take furious notes during this episode. This week, Lauren Widrick is joining us to share how to craft an incredible high-ticket offer and raise the prices on your current offers. If that strikes fear in your heart, this is THE episode for you! As a business...

This episode was the 3rd most downloaded episode of 2022 and it deserves another listen. Do you feel like you’re on a hamster wheel in your business, constantly hustling and stressing to hit your revenue goals? Our guest today is here to help. Danielle Jefferson is a Business Operations Coach and Consultant - and one of my clients! - with one of the lowest stress to revenue ratios I’ve ever seen....

There is a lot that goes on with finances at the end of year, and it's important to stay on top of it.  In this episode, I am going to give you 11 key finance tips to consider as you wrap up your business year. Make sure to tune in as I share tax and bookkeeping tips, including how to calculate your mileage, how to transition to new programs, what to do with inventory and the ever-popular que...

It’s easy to get caught up in shiny object syndrome when it comes to marketing your business. Too often, business owners end up wasting time and money on marketing strategies that don’t actually move their business forward. If you’ve ever spent too much money on your website or on yet another fancy marketing strategy, then this episode is for you! Tune in as Sarah talks with marketing expert Erin...

It's that time of year when goal setting and year end reviews are on the top of everyone’s mind. I’m adding my two cents, but offering up a different way to use your financial data to set new business goals. As you take some time off for the upcoming holiday season, I want you to find a cozy corner and take a look at your finances. Reflect on what worked and what didn’t. Tune in as I walk you...

I started my side hustle in 2018 and in 4 short years, I’ve learned a lot, but also made a lot of mistakes along the way. If you’re an entrepreneur, I bet you can relate! No path to business success is ever straightforward or easy, and mine is no exception. Wherever you are in your entrepreneurial journey, learn from my lessons or if you’ve made the same mistakes, come laugh with me. Tune in as I...

True or false - In order to grow your business and make more money, you need to sacrifice your health by working more, sleeping less, and not exercising. You can always focus on your health later, once your business is thriving, right? False. It’s actually the moments when you feel the busiest that you need to pause and focus on your health, specifically your sleep, diet, exercise and stress level...

By the time you reach the six-figure mark in your business, you’ll probably realize that in order to grow your business to the next level and not burn yourself out, you need to hire a team member. Hiring can be overwhelming though! It’s a big investment for your business and you want to make sure you get it right. In this episode, Sarah talks with HR leader Karen Weeks about everything that you ne...

A lot of similar themes keep coming up lately in client conversations, consults, and in my DMs. Things like: “Do I deserve to make more money?” “Will I fail?” “Why would anyone buy from me?” So let’s chat about it! As you’re growing your business from zero to millionaire, certain issues and themes are going to arise. In this episode, I’m digging into four common money mindsets that stop CEOs from...

There are endless things to do and never enough time when you are an entrepreneur. If you have ever felt like you are endlessly chasing clients in order to get more sales - but not ever putting more money into your pocket - then, my friend, you are on the cash flow hamster wheel. What if I told you there was a way to get more of your time back and increase your cash flow by stepping off that hamst...

When you are growing your business, it’s easy to become fixated on acquiring more and more clients, but if you’re not careful that can quickly lead to burnout and overwhelm. In all businesses, there are times to grow and times to step back, evaluate, and plan. In this episode, Sarah talks with Kristen Stegall, CEO of Novice Studios, about how she determined her next steps by taking a long-term vie...

Is it possible to grow your business AND stay profitable? Yes! But you need to understand your numbers and create an intentional financial plan in order to set yourself up for success. You’re going to cycle through phases of growth and stability in your business - growth mode and profit mode - and whatever phase you’re in, there are a few key things you need to do to grow your business without los...

Many entrepreneurs strive to make $100K in sales. It’s seen as a magical milestone where life becomes sunshine and rainbows, all your problems disappear, and you OFFICIALLY make it as a successful business owner. From my personal experience and from working with over 100 entrepreneurs, I don’t think this is true. $100K in sales is simply not enough for many entrepreneurs to pay themselves as much...

Your money mindset can make or break your business. When you are in the pit of despair, many entrepreneurs bow out of the game, when in reality all they need to do is shift their money mindset. Josh Hall, a Web Design Coach who has helped over 1,300 students build scalable web design businesses, joins me today to talk about all things related to money mindset. He’s sharing his best strategies that...

It can be hard to believe, but sometimes, even people who you might think are "finance experts" have gone into debt. In the not-too-distant past, I personally had about $55k in debt. In today’s episode, you’ll hear my personal money story and how circumstances within my life led me to make these money decisions. You’ll also learn how I crawled my way out of all that debt through perseverance and b...

Generate the cash flow you need to start building wealth! Join the waitlist for the next round of my Profit + Prosper program at https://www.trustyoungco.com/programs ! Bootstrapping is an ever popular term in the entrepreneurial space, intended to convey the grit and perseverance you've demonstrated by doing everything yourself. But if you’re honest with yourself, is doing everything on your own...

Have you ever wondered what you could do to increase the value of your business besides increasing revenue? In this episode, Shanice Miller, a business productivity consultant specializing in project management, is sharing how systems and processes can increase the resale value of your business. Her passion for identifying and solving inefficiencies began when she sold her first business at a less...

There has been so much talk about a looming recession, and with layoffs in the news and the GDP dropping, it’s easy to see why. In this episode, I’m sharing the most efficient ways you can prepare for a recession in your business to not just survive, but perhaps even thrive through it. I’ll even be sharing what my multi six- and seven-figure clients did to survive the Great Recession in 2007-2009...

In this episode, I’m digging deep into a case study of a recent Cash Flow Intensive client. This luxury spa business was hitting the high six-figures in revenue, but they were not very profitable. The owner has goals of opening a second location and stepping back from the day-to-day to spend more time with her kids (a lot of us can relate!), so we took steps to untangle their financials and get cl...

Do you feel like you’re on a hamster wheel in your business, constantly hustling and stressing to hit your revenue goals? Our guest today is here to help. Danielle Jefferson is a Business Operations Coach and Consultant - and one of my clients! - with one of the lowest stress to revenue ratios I’ve ever seen. She helps thriving businesses get to the next level by optimizing how they run their back...

I know you love your business and can’t imagine yourself ever stepping away from it, but there are lots of circumstances that might require you to do so. Maybe one day you’ll retire and want to stop working altogether, or maybe you’ll just want to move on to another business venture one day. In this episode, I’m sharing how to structure your business and plan to maximize your profits so you can co...

Congratulations! You’ve made a profit in your business (go you!!), and therefore need to pay taxes. There are so many clickbait-y articles out there on “how to not owe any money on taxes this year” or “secrets billionaires use to avoid paying taxes,” and you might find that none of them are really helpful to you. In this episode, I’m sharing my best tax strategies that will save you money, time, a...

I haven’t been subtle about this: I’m extremely passionate about helping people build wealth with their businesses. We’ve covered tons of strategies in the last handful of episodes, you’re hearing from Kaitlyn Carlson, a Financial Planner to multi-millionaire (and a few billionaire) business owners and the Founder of Theory Planning Partners. She’s sharing her best strategies for building wealth n...