Lean The F*ck Out | Fempreneurs | Women Entrepreneurs | Female Business Owners
EP89: A Real Conversation About Money - An interview with Lynne Somerman
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:43:06
- More information
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Synopsis
In this episode of Lean the F*ck Out, we have a frank discussion about money with financial coach Lynne Somerman. We talk about the challenges (and anxiety) entrepreneurs face when it comes to finances like forecasting, revenue versus profit, cash flow, budgeting and paying yourself. Lynne offers great tips for getting your money on track for your business and personal finances. A Real Conversation About Money Episode Highlights: You are not the only one that doesn’t know what they are doing when it comes to budgeting for your business. To start budgeting get realistic with where you are right now. Remember, the numbers are facts. Talk to people that are in similar place as you. Revenue goals and profit goals are different. Growth happens in years, not months. Entrepreneurs often have unrealistic revenue goals and ideas for the speed at which they are able to attain them. The amount you are able to grow your business each year depends on where your business is currently and the trends you have experienced o