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The Empowering Healthy Business Podcast is THE podcast for small business owners seeking to balance having a nicely profitable business, a sustainable, scalable, and salable business, lower stress levels, better work-life balance, and improved physical and emotional fitness. Yes, this is possible! Though it’s not easy. We’re here to help you navigate toward this objective.
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#20 - How to Achieve a Successful Fractional CFO Engagement
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58:43
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Small businesses may have a solution in place for bookkeeping and producing basic financial statements. Owners often yearn for analysis and forward-looking planning. The fractional (part-time) CFO model has existed for 20+ years to fill that void. Today there are more options than ever. Achieving successful results from fractional CFO engagements, …
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#19 - Managing a Financially Distressed Business
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49:35
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Businesses can become financially distressed and face challenges with solvency and potential bankruptcy. Business owners in this situation may be able to cut costs, tightly manage cashflow, and return to profitability. Sometimes they need to renegotiate debt, attempt to sell business assets, or ultimately dissolve the business. There may also be pe…
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#18 - Positioning Your Business For Success
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57:02
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Running a business is so hard that most go out of business within 5-10 years. There are many risks and factors outside your control. Today’s guest Bill Flynn shares his insights about several areas business owners can control and how you can position your business to overcome those odds to thrive with long-term success. More specifically, this epis…
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#17 - Can You Afford to Hire an Employee?
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Healthy businesses have an established business model in which most new incremental hires produce profit for the business. Payroll expense can be viewed as an investment that yields a profitable ROI. Usually a hiring decision boils down to a question of how much more revenue do you need to sell in order to afford a new hire. This episode helps answ…
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#16 - Owner Compensation Tax & Accounting
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45:59
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Healthy businesses produce healthy income for their owners. Compensation for business owners can take different forms. This episode discusses the primary forms of owner compensation and associated tax considerations. We also review bookkeeping and reporting considerations for how owner compensation is booked and reported on financial statements. Mo…
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The healthier we are personally, the more energy we can bring to our businesses to make our businesses as healthy as possible. There are several drivers of personal health. This episode reviews a book called Deep Nutrition, written by Dr. Cate Shanahan, which does a great job of helping us understand the nutrition driver. More specifically, this ep…
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Profitability is one of the indicators of a healthy business. Although business owners aspire to have healthy profit margins, it can be challenging to achieve them. This episode’s guest Rocky Lalvani serves as Chief Profitability Officer to small and midsize businesses. He presents philosophy and tactics that help small businesses improve their pro…
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#13 - Building a THRIVE Business, 90 Days at a Time
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Part of running a healthy business is being able to set and manage to achieve operational goals. This episode’s guest Bill Simmons has been in the fractional COO business for almost 20 years, helping clients run their business 90 days at a time toward achieving strategic objectives. This episode includes: Bill's special sauce helping businesses man…
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#12 - Steps 5 & 6 of The Financial Operating System: Managing Your Business
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After developing a great set of financial goals and operating metrics, the next part of running a healthy business is having strong systems and processes in place to manage the business toward achieving those targets. This episode introduces Step 5 of The Financial Operating System: Manage the Business, and Step 6: Learn, Iterate, and Improve. If y…
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#11 - Step 4 of The Financial Operating System: Upgrade Accounting Operations
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56:13
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When business owners initially try to start using financial performance metrics to better manage their businesses, they often struggle to get accurate, timely, and consistent metrics reporting. Usually, this is because of inadequate accounting operations. In this episode we discuss the 3 pillars of accounting operations and the Finance Stack and ty…
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#10 - Step 3 of The Financial Operating System: Define Metrics and Goals
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43:09
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This episode is packed with actionable insights on operationalizing financial performance goals and bridging the operations-finance chasm by crafting SMART goals and balancing leading and lagging indicators. We explore the power of Entrepreneurial Operating System (EOS), Objectives and Key Results (OKR), and Scaling Up frameworks. We dive into the …
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#9 - Step 2 of The Financial Operating System: Assess Your Current Finances
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Click here to download the financial reports referenced and analyzed in the episode. Step 2 of The Financial Operating System is to Assess Your Current Finances. Imagine understanding your company's financial condition and performance and being able to interpret your financial statements. That's what we're demystifying today. Join me, your host Cal…
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#8 - Step 1 of The Financial Operating System: Identify Your WHY
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Ever felt like you're lost in the labyrinth of finances as a small business owner? So too have far too many other small business owners. It's time to navigate towards your goals! Listen in as I, drawing on two decades of experience, introduce a transformative tool - The Financial Operating System. This episode focuses on the first step of this syst…
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Are you ready to conquer the labyrinth of state and local taxes in the United States? We'll arm you with the knowledge you need in our conversation with Greg Reed, the tax partner at SmartBooks Tax and Advisory. With each of the 50 states brandishing unique tax rules, business owners can be facing a sizeable obligation. Listen in as we dissect the …
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Promising to whet your appetite, we welcome two-time national champion pitmaster Bill Gillespie to share his insights about barbecue. From exploring the differences between grilling and barbecue, to various equipment options, to cuts of meat that are best for barbecue, Bill guides us through mastering the low and slow cooking process that defines b…
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#5 - Creating a Business Operations Playbook
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Get ready to unlock the power of efficiency and consistency in your small business with the wisdom of our special guest, Chris Gwinn. This episode offers a deep dive into the world of business operations playbooks. We start off by unraveling the essence of these playbooks and how they can be instrumental in fostering scalability in your business. C…
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#4 - Best Practices for Closing Your Books Each Month
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53:23
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Explore the process of closing your accounting books on a monthly basis, which is the prerequisite for being able to have the financial reporting you need to manage your business, with Lindsay Jarosch. Link to download a sample Monthly Closing Checklist Connect with Lindsay at: https://www.linkedin.com/in/lindsay-jarosch-43481412/ To schedule a fre…
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#3 - Top Tactics for Small Business Owners to Pay Less Tax
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Explore approaches and tactics that small business owners can employ to pay less tax with Greg Reed. Connect with Greg at: smartbookstax.com Sponsored by SmartBooks. To schedule a free consultation, visit smartbooks.com. Thanks for listening! Host Cal Wilder can be reached at: cal@empoweringhealthybusiness.com https://www.linkedin.com/in/calvinwild…
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#2 - What is a Fractional Chief Operating Officer?
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Explore the concept of the Fractional Chief Operating Officer (COO) with Jeff Provost of Key Performance Integrators. Connect with Jeff at: https://www.kpintegrators.com https://www.linkedin.com/in/jeffreyprovost/ Sponsored by SmartBooks. To schedule a free consultation, visit smartbooks.com. Thanks for listening! Host Cal Wilder can be reached at:…
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#1 - Preparing Your Business for a Successful Sale
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Explore what needs to be done to prepare your business for a successful sale with Glenn Grant. Connect with Glenn at: glenn@selfassembled.com LinkedIn Sponsored by SmartBooks. To schedule a free consultation, visit smartbooks.com. Thanks for listening! Host Cal Wilder can be reached at: cal@empoweringhealthybusiness.com https://www.linkedin.com/in/…
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