Profit and Prosper

Saving, investing, paying down debt, buying real estate… There are SO many ways to increase your net worth, but where the heck do you start? Grab your notebook and a cold beverage, because we are going deep in today’s episode about how to build your net worth no matter where you are with your business today. If you’ve always been intimidated by the concept of increasing your net worth, this is the...

Even if you can’t imagine a time when you wouldn’t want to be working in some capacity, you should still plan for a time when you might want to relax. Retirement doesn’t have to mean you don’t work, it just means you’ll have the time freedom and financial freedom for work to be optional. In this episode, I’m covering the basics of how to calculate how much you need to save for retirement so you ca...

We’ve chatted extensively on the podcast about whether you can be rich and do good, and this episode should seal the deal once and for all. Kyle S. King is an entrepreneur, father, and changemaker who is doing some seriously incredible work for underserved communities, and it’s completely self-funded. In this episode, Kyle is sharing how he’s using the revenue generated from his business to make a...

Want to hear a secret? Building wealth doesn’t begin with a ton of cash in the bank or a seven figure business. It begins with tiny money habits that compound over time… literally. As a part of my wealth building series, I’m breaking down the habits you can implement ASAP to build wealth. From overcoming “Perfectionist Fantasies,” which I learned about from Kara Loewentheil on her podcast Unf*ck Y...

There are a lot of reasons why people start their own businesses, and one of them is building wealth for themselves. In this episode, I’m sharing how to turn the cash flow you’re generating in your business into wealth and net worth. From stabilizing your business to creating multiple streams of income, I’m covering all the steps here. In upcoming episodes, I’m going into a lot more detail about i...

Business models can be complex, but finding the right one for your goals can make or break your business… No pressure! Whether your business offers services, products, or coaching and consulting, there are so many ways you can approach your business model to maximize revenue without feeling burned out. In this episode, I’m wrapping up our revenue series by showing you how to use the info from the...

In one of the earliest episodes of the podcast, we explored a common question: can you be rich and do good? In this episode, Jessica Lackey, a Feminist Strategy and Operations Advisor, is joining us to share her expertise on building a business that allows you to make money, fight injustice, foster equity, and reject being a cog in the corporate machine. That’s right - you can build a business tha...

Continuing the series on increasing revenue, I’m sharing the fastest and easiest way to do so: raising your rates. You’ve probably seen a pretty Instagram graphic or random Facebook post that says something along the lines of “I don’t know who needs to hear this, but you need to double your prices.” Whether you’re struggling with a scarcity mindset around raising your prices, or you’re against arb...

Grab a notebook and pen, saddle up, and get ready to take furious notes during this episode. We’re continuing our series on increasing your monthly revenue, and 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 coach with well over 1...

Do you feel stressed every month about whether your revenue will cover your monthly expenses and your owner’s pay? I’m kicking off a series on the podcast about how to increase the revenue in your business without staying on the hamster wheel. First thing’s first: in this episode, I’m showing you how to calculate your monthly baseline revenue based on your income goals and monthly expenses so you...

Spring cleaning and this transitional season as a whole has a lot of people wondering: what’s the next big move I should make in my business? You might be looking at your sales goals from Q1 and wondering how to increase revenue this quarter, or you might be over capacity and wondering how you’re going to manage your business with summer travel coming up. In this episode, I’m sharing the four majo...

There’s a phrase I hear time and time again when chatting with prospective clients: “I’m bad at numbers,” or “I’m terrible with finances.” Maybe you’ve said this to yourself or about yourself. In this episode, I’m sharing why this statement simply isn’t true, and tangible steps you can take to start disproving this belief about yourself in order to take control of your finances and live in abundan...

Tax time can make business owners feel stressed, uncertain, and overwhelmed. If you’re feeling this way, you are definitely not alone! Taxes are very complicated, but I promise if you do something wrong you will not get arrested (unless you willingly commit fraud, but I don’t think you are!). In this episode, I’m sharing how you can make tax season easier for yourself next year by developing good...

Do you feel like business has to be hard for your company to be successful? Are you holding out for this huge business purchase to make your company legit? Mary Jayne Wilson, the Founder of Thoughtful Baking Co., thought 60-hour work weeks and owning busy storefronts were the key to a successful food service business. Today, she has a super profitable business selling at farmers’ markets two days...

Have you ever wondered how other business owners are managing their business finances and making money moves? In today’s episode, I’m talking to Kenzie Harkey, the CEO of Simply Dare, on her business finance journey, hiring her first W-2 employee, and how smart investments have helped her level up her business. Kenzie did my Profit + Prosper program last fall, so if you’re feeling inspired to make...

Is it okay to not be profitable in your business in the first couple years? I got this question a lot during my 5-day challenge last week. In this episode, I’m answering that question and sharing four big reasons why your business is not profitable, and how you can combat them with actionable advice. If you’re struggling to make a profit in your business and you feel overwhelmed and unsure why, th...

Recessions, pandemics, growing too fast, slow revenue months… There's a lot that can take out a business if you’re not prepared. No need to fret, though! In this episode, I’m sharing five actionable steps to bulletproof your business so you can not only survive, but thrive no matter what season you’re in in your business. Are you ready to finally understand your business’ finances so you can be we...

Last week, I taught you how to set up a money management system for your business so you can always be aware of how much money you have in each essential bucket of your business. When you can see how much money you actually have, you’ll be acutely aware of when you’re having a tight cash month vs. an abundant cash month. In this episode, I’m showing you the exact steps to take when money is tight...

Does the idea of having a firm grasp on what’s happening with every single dollar in your business seem impossible? It’s not! As a matter of fact, in this episode I am sharing one of my favorite systems for finally getting a clear picture of your finances and practically automating your business budget. You might have heard of the Profit First method. This system is my personal, simplified twist o...

I get these questions all the time as a CFO: Should I pay myself? How much should I pay myself? What if I’m not sure if I make enough money in my business to pay myself? These are all valid questions, but first and foremost - YES! You should absolutely pay yourself! In this episode, I’m sharing how to figure out how much to pay yourself, what to do if you don’t make enough to pay yourself a comfor...

So you’re committed to getting your business finances in order in 2022 - we love to see it! It can still be hard to figure out where to start with your finances, so in today’s episode I’m sharing my six money habits to get your finances in order, increase cash flow, and generate wealth. Whether you feel like you need a total overhaul, or just want to be more intentional day-to-day in your finances...

As the CEO of your business, you are probably so immersed in the day-to-day operations, client delivery, and sales that you don’t have time to pay close attention to your finances. This time of year, we have all our business goals set, but we often don’t take the time to create a Profit Strategy for our businesses. As a virtual CFO, I work with my clients to create a tangible Profit Strategy so th...

Owning your financial journey can bring up a lot of feelings, including any negative associations you may have with “getting rich” or with “rich people” in general. With so much media attention on billionaires flying to space, it can be difficult to reconcile wanting a vision for yourself that includes financial freedom (and maybe even some seriously luxurious items or experiences for yourself!) a...

Last fall, I shared an epiphany I had on Instagram and it kinda blew up! I had just scaled to $20K+ months and had way more time freedom than I did at $10K months because I was able to afford a team to support me. So many business owners have a goal to hit $8K to $10K months to hit the elusive six-figure mark, but it can actually be way more challenging to run your business at that level than at t...

I’m Sarah Young - a CPA, Virtual CFO, and the Owner of Young + Co! I have over a decade of experience in helping entrepreneurs scale their businesses and build wealth at the 6- and 7-figure levels, and I started the Profit + Prosper podcast to help you do the same. Profit + Prosper is a business finance podcast created to help entrepreneurs build their wealth in a way that’s fun and empowering. Th...