Apr 2, 2021
Sylvia Inks identifies that many of these owners just need a little help understanding their finances and managing their budget. Sylvia is a business coach, finance expert, and speaker who teaches small business owners how to grow profitable businesses by focusing on systems, pricing, and diversification with 5+ income streams.
She is the author of the #1 Amazon best-selling book, “Small Business Finance for the Busy Entrepreneur – Blueprint for Building a Solid, Profitable Business.” And in this episode, she shares how owners can stop wasting money, determine appropriate pricing strategies, and create more profits.
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Insights to Create a More Profitable Business
I see smart business owners with a great product or service, but they are one step away from having to go back to corporate America because they can’t manage their finances.
If you don’t have a business plan, you don't know where your business is going.
Never commingle personal and business money which could result in IRS penalties.
The two areas that I see small business owners fiercely compete are customer service and quality.
Bullseye Round
Apparent Failure:
I hired someone to create my website that I was not comfortable with. My gut reaction was correct, and I hired someone else to fix it. Listen to your gut!
Digital Resource:
Atomic Habits
Most Recommended Book:
I Will Teach You to Be Rich (Ramit Sethi)
Daily Habit:
Creating a productivity schedule
Current Curiosity:
Small Business Marketing
Wish I Knew When I Was Starting Out:
Creating an email list earlier on.
Best Place to Grab a Bite in North Carolina:
Brothers of New York Pizza
Get in Touch with Sylvia:
Free email course: Top 5 Tools to Save You Time & Money in Your Small Business