Overview
On this episode of Business Insanity Talk Radio, we first talk about how the skills and habits that made women successful early on could actually be holding them back as they advance to the next stage of their working lives. Then, a lot of people start business but then they get stuck and their business doesn’t reach its full potential. We show you were to start in fixing your business. Plus, we have all heard the expression that cash is king, but what it should be in small business is cash flow is king. We’ll show you were to start when it comes to managing your cash flow. Also, a lot of time is wasted in meetings but that doesn’t mean that having meetings is not important! We’ll show you how you can start having effective meetings so you get the most out of them every single time. Finally, there is a new movement where some people have opted not to run a large business or even a small business. They want to run a tiny business. We tell you all about it.
Listen
Segment 1: Sally Helgesen is the author of How Women Rise. Her work is widely regarded as the gold standard when it comes to women’s leadership. Since the publication of The Female Advantage in 1990 (still in print), she has written five more books in the field and speaks to audiences all around the world about these issues. She has led seminars at the Harvard Graduate School of Education and Smith College, and her work has been featured in Fortune, The New York Times, Fast Company, and Business Week.
1:30 – The very skills and habits that made women successful early on could actually be holding them back as they advance to the next stage of their working lives.
3:30 – Women are good at building strong relationships, but are reluctant to leverage them. Why?
5:15 – Women are often shy of being ambitious.
6:45 – How to make sure people know the value you’re contributing.
8:30 – Why are men and women different in the things that hold them back? Are gender roles to blame?
Segment 2: Melinda F. Emerson, “SmallBizLady” is an American Small Business Expert. She is an internationally renowned speaker on small business development and social media marketing. She is frequently quoted by media organizations including The Wall Street Journal, Fortune, MSNBC, CNBC and Fox News. She is the host of #Smallbizchat, the longest running live chat on Twitter for small business owners. Forbes magazine named her the #1 woman for entrepreneurs to follow on Twitter. Her latest book is “Fix Your Business”.
15:15 – Why do small business owners need your book, Fix Your Business?
17:00 – The 12 Ps of running a successful business
17:45 – Look at your people issues!
19:15 – It’s not about what you make, it’s about what you keep! Monitor profit in every sale, but also monitor the profitability of the business year over year.
20:15 – What are your processes? As the business owner, are you doing high value activities?
22:00 – Are you measuring performance?
23:30 – The best lesson Melissa has learned in nearly 20 years in business.
Segment 3: Mike Milan is Finagraph‘s Vice President, Customer Success with over 20 years of sales and entrepreneurship experience. He has translated innovative ideas into multi-million dollar businesses. Prior to joining Finagraph, Mike built several successful ventures from the ground up. He built and sold Blazing Star Staffing, a Midwest regional hotel staffing company and Bottoms Up Brewhouse. Mike is a former Missouri State Trooper. He earned his MBA from Baylor University.
31:30 – Cash flow is king. Why don’t small business owners pay attention to it?
33:30 – What does a cash flow statement tell you? What is the most important part to look at?
34:30 – How to know how much cash you’ll have next week or next month.
35:15 – How Finagraph’s cash flow tool predicts your cash flow and helps you manage it.
Segment 4: Thomas Sugar is a co-founder and CEO of Pinstriped. His career has spanned several industries and companies, from finance, digital marketing to start-ups. After thousands of hours wasted in unproductive meetings, he’s on a mission to change meeting culture.
40:30 – Meetings should be viewed as business investments not costs
42:30 – People don’t uphold the same rules and put in the same effort when they host a meeting as when they arrange a social event at work or host a dinner party. Why?
44:45 – Commit to being fully present in meetings.
45:30 – How are Millennials’ expectations changing meeting culture and how we do things in the workplace?
Segment 5: Sharon Rowe is the founder and CEO of Eco-Bags Products, which grew to become a $2.2 million business. She was featured in Time magazine. Her first book is “The Magic of Tiny Business: You Don’t Need to Go Big to Make a Great Living”.
49:30 – What is the tiny business movement?
50:30 – Why keep your business small?
51:30 – A tiny business is a mindset, not a number.
