In this engaging show, we delve into the topic of "Is your overwhelm an ops issue?" Our discussion explores various aspects related to operational streamlining and how it can uncover areas of opportunity. Melissa Morris, the founder of Agency Authority, addresses common challenges faced by businesses, including marketing gaps, overly customized offers, inconsistencies in the business model, unmet team needs, and the absence of performance standards and evaluations.
Additionally, we examine operational mis-fixes that can hinder progress. These missteps may include haphazardly shifting internal communications from email to Slack without a defined communication plan, relying on templated workflows that may not suit specific requirements, or hastily changing project management tools due to outgrowing the current system. Melissa emphasizes the importance of avoiding such pitfalls.
Furthermore, Melissa sheds light on how accidental firm or practice owners often develop their business processes in isolated silos. We explore the inherent challenges this growth approach presents and provide insights into overcoming these obstacles effectively.
Lastly, she focuses on the crucial task of selecting the right tools for your business. She discusses the important steps that should be taken before implementing any new tool, ensuring that it aligns with your unique requirements and contributes to your operational success.
Join us for an informative and thought-provoking discussion as we uncover the keys to overcoming overwhelm and optimizing operations in your business.
Website:
https://www.youragencyauthority.com/
Facebook:
https://www.facebook.com/agencyauthority
LinkedIn:
https://www.linkedin.com/in/melissavmorris/
Corporate Partner:
Show Summary
In this episode, Mike shares the details of Clear Path To Cash. It consists of eight financial concepts aimed at helping businesses maximize their cash in various situations.
Mike asserts his ability to analyze a company's financial statements in 7 minutes or less, thanks to his creation of The Home Run Financial System, a comprehensive technique that covers all essential aspects.
His website boasts about his success in uncovering over $150 million in hidden cash for his clients. To illustrate, in January alone, he utilized a technique called Mining Your Business For Hidden Cash, resulting in the discovery of over $1.5 million. This method involves six calculations centered around three Cash Generating Activities and three Cash Conversion Activities specific to one's business.
In his book, Mike introduces the term D.U.M.B., which characterizes business owners who Don't Understand My Business. Surprisingly, Mike himself once fell into this category and experienced many of the situations outlined in the book.
Throughout his career, Mike has extensively collaborated with bankers. He acknowledges their frustrations when working with small business owners, which include concerns regarding loyalty, liquidity, timeliness, and the preparation of their clients.
Website:
Facebook:
https://www.facebook.com/groups/theclearpathtocash
Instagram:
https://www.instagram.com/thecashflowmike/
Corporate Partner:
Show Summary
In this episode, Fady shares with us about being a CFO and how it differs from accounting. He also discusses the difference between the skill sets required for accounting and finance, and how a proper CFO and accountant understand this difference. He also mentions the rise of outsourced, virtual, and fractional CFOs, and how the allure of the CFO role has led to people evolving their titles without necessarily evolving their skills, which he finds dangerous.
Overall, Fady emphasizes the importance of understanding the skill sets required for the CFO role and the dangers of superficially evolving one's title without actually evolving one's skills.
Website:
Corporate Partner:
Show Summary
Show Summary
"Your health is your most valuable asset."
When growing a financial practice it's common for health to take a backseat - and eventually become a liability. But it doesn't have to be that way. Stevyn has discovered that those with better health, less stress, longer healthspans, and more successful, fulfilling careers treat their health like an asset.
Learn more from Stevyn in this episode as she challenges advisors to see health as an integral part of financial planning and inspires them to treat their health like an asset so they can grow 'wellthy.'
Websites:
www.growwellthy.com/wellthwebinars
LinkedIn:
www.linkedin.com/in/stevyn-guinnip
Corporate Partner: