Show Summary
In this episode, Tim Seymour shares his story of how he built up his accountancy practice and sold for profit with the help of being a Profit First Professional.
He recently took on the license of Profit First Professionals UK along with Duncan Lloyd and enjoys supporting their current members and delving deeper into their businesses and their client's businesses. They are currently open for new applications to join their supportive community of UK Accountants, Bookkeepers, and Coaches, where they help them transition their business compliance and focus on cash and profit.
Tim is driven by having a passion for helping business owners move away from the month-to-month cycle of money in, money out on bills, wages, and what remains is for the business owner, and it's never enough. He knows because he has been there.
Listen to this podcast now!
Website:
LinkedIn:
https://www.linkedin.com/company/profit-first-uk
Facebook:
https://www.facebook.com/ProfitFirstUK
Corporate Partner:
Show Summary
Erin Moger was the very first guide that Profit First Professionals hired. She came to the company in 2015, shortly after we started in 2014.
In this episode, Erin shares what inspired her to get into an unknown industry and what made her apply to work with Profit First Professionals.
She experienced and witnessed different situations with her father, an entrepreneur. With this, she came to realize that money is merely a tool. It should not dictate one's happiness, where you are in life, or how you approach your future. If you have it, it's a little easier, but it should not be dealt with as a huge thing.
Seeing the pattern she has growing up with the people now that she's coaching, the most significant thing about her role is HUMANITY. Entrepreneurship is lonely and can be incredibly overwhelming. The reality as a business owner is that you have this love and hope for your business, but you also have these trials and tribulations. There are business decisions that can be heavy that nobody understands. Erin's role is to advocate for the client's success but also be a human, working with members and listening. There's so much power in listening. "The world doesn't need more noise. We need more meaningful connection and positive contribution."
Business owners and entrepreneurs who are becoming Profit Frist Professionals face fears and challenges. Erin points out their most common struggles and gives a solution for them to overcome their fears.
With mindset and practice, people successfully gain skills they haven't done in the past. According to Erin, the more that you engage and participate, the easier it becomes to communicate, and the more confidence you're going to have in the results that you're experiencing, which completely changes not only how you engage with your clients, but it engages how you charge moving forward and how you take your next step in your business.
She also shares an insider's access of what type of practice guides do with the firms and shares a very inspiring transformational story of a member.
As for Erin, the number one indicator as to whether or not a firm is going to be a great Profit First Professionals firm is to SHOW UP. Guides are available, members have access to guides regularly, and the one that takes Profit First by storm are the ones who show up every season.
Learn from our very first Profit First guide, and leave your insights in the comment box.
Website:
www.profitfirstprofessionals.com
Corporate Partner:
Show Summary
Are you ready for today's episode?
Learn the practical tips from today's guest, Denise Grove, for the small to medium-sized business owners on how to catch the frauds and embezzlements before they go too far.
One of the questions that come to mind is why don't people often report frauds? The reason is plain simple. They are embarrassed that they were caught off guard with usually someone very trusted. That's why we have to TRUST BUT VERIFY.
When dumping responsibility to someone to not deal with money, business owners give an employee so much power, and the temptation will probably trigger an embezzlement situation.
Denise shares the practical tips or systems to TRUST AND VERIFY that business owners can implement. One of these tips is to have paper bank statements, paper credit card bills, and paper loan statements. Have it sent to the business owner's home address or the person primarily responsible for the accounting or financial side of the business, and make sure they cannot get access to the envelope with all the paper files before the owner opens it.
Denise also discusses what to do when we catch someone who does fraudulent acts in our company.
This interesting episode has a lot of great tips to protect your businesses from embezzlements and frauds. Listen to this episode, and don't forget to leave your insights below.
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https://www.facebook.com/CFOSupportInc/
LinkedIn:
https://www.linkedin.com/in/dwgrove/
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https://twitter.com/dwgrove
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https://www.pinterest.com/dwhitlockgrove/financial-coaching/
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Corporate Partner:
Show Summary
Leah Ellis joined us as a guide at Profit First Professionals in early 2022. She owns Endeavor Financial Coaching, which she'll be sharing with us in this episode.
Being a Profit First Guide is a natural fit for Leah. She has been a fan of the book even before becoming a guide. She shares the difference between knowing Profit First based on reading it as to what she learned by being a Profit First guide.
She also discusses how she supports challenges faced by prospects and customers and how she identifies their money trauma when speaking with them.
If you ask her what's the best thing about being a Profit First guide, it's getting to be the drop that starts the ripple in terms of their financial education. She loves encouraging members to teach their clients how to make their financial lives better, not just teaching cashflow...it's all connected.
Website:
https://www.endeavorfinancialcoaching.com/
https://profitfirstprofessionals.com/
Corporate Partner: