443 | The Finance Episode Entrepreneurs Can't Afford to Miss

Gathering The Kings

null

Welcome to Episode 443 of the Gathering The Kings Podcast, where host Chaz Wolfe is joined by Colin Sanburg, the Founder and Visionary behind FinElevate. With a rich background in transforming business finances and a passion for educating entrepreneurs, Colin brings invaluable insights into making complex numbers accessible and actionable. From starting in a family-owned business at 21 to pioneering strategic accounting with FinElevate, Colin's journey is a testament to the power of understanding your business's financial story. In this episode, we dive deep into the essentials of business finance for the non-numbers entrepreneur. Colin shares his expertise on: Identifying key financial metrics to gauge business progress Simplifying the profit formula for business owners The importance of premium products and pricing for profitability Decoding the financial narrative of your business for better decision-making outside the day-to-day operations This masterclass in business numbers and finance is designed to empower entrepreneurs with the knowledge to grow their business, increase cash flow, and prepare for successful exits. Join us as Colin Sanburg demystifies the numbers and shares the strategies behind the "450 plays" playbook, drawing from his extensive reading in business and self-development. If you're ready to transform your entrepreneurial journey and master the art of business finance, hit that Subscribe or follow button and join the Gathering The Kings community today. Have insights or questions from today's episode? Drop us a comment below – we love hearing from you and often feature listener questions in future episodes. Plus, share this video with fellow entrepreneurs to spread the wealth of knowledge!

Recommended Resources (Affiliate Links May Be Used):Gathering The Kings Full Library of recommendations: https://gatheringthekings.captivate.fm/gtklibrary-amazon

Colin Sanburg: https://www.linkedin.com/in/colinsanburg/ https://finelevate.com/ https://www.instagram.com/the.finelevate/ https://www.facebook.com/the.finelevate/ https://www.facebook.com/colin.sanburg

Chaz Wolfe (Host):

Linktree: https://linktr.ee/chazwolfe Website: www.gatheringthekings.com Facebook: https://www.facebook.com/chazwolfe/ Facebook: https://www.facebook.com/gatheringthekings Instagram: https://www.instagram.com/gatheringthekings/ LinkedIn: https://www.linkedin.com/in/chaz-wolfe-86767054/ Linkedin: https://www.linkedin.com/company/91415421/ TikTok: https://www.tiktok.com/@chazwolfe_kings Youtube: https://youtube.com/@gatheringthekings

For more information on Gathering The Kings Peer to Peer Mastermind Group: https://go.oncehub.com/TheExceptionalLife

If you liked this episode, please LIKE, SUBSCRIBE, drop us a REVIEW, and share with your friends. We appreciate you, and your support enables us to keep bringing you the goods on the show! #business #podcast #entrepreneur #entrepreneurship

(0:00) Introduction and guest, Colin Sandburg (1:00) Colin's businesses and Finn Elevate concept (9:55) The 'common size' concept and team leveling (11:52) Understanding business performance and simplifying complex situations (14:00) Manufacturing efficiency in accounting and overcoming financial fear (17:03) Sponsor: Chaz Wolfe (20:43) Accountability in business and decision making based on data (25:27) The downside of being an entrepreneur and the value of community (30:57) Premium pricing and customer experience in business (35:00) Understanding business expenses and tying them back to data (44:42) Colin's advice to his younger self and connecting with him (48:23) Chaz's reflections on the episode and Gathering The Kings mission