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Manage Your Business Finances with Shannon Simmons
Manage episode 411510205 series 3493429
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There can be a struggle to balance your personal values with those of your team while navigating the challenges of entrepreneurship.
Sometimes, it gets sticky. What happens when members of your team don’t align with your core values?
In this podcast episode, Shannon and Kiri delve into those intricacies, as well as discuss managing business finances effectively using the Profit First model, and overcoming the unique challenges faced by women entrepreneurs in the fitness industry.
By the end of this episode, you'll:
- Gain insights into aligning personal values with team values to foster a cohesive work environment and drive business success.
- Learn practical strategies for implementing the Profit First model to manage business finances efficiently and avoid common pitfalls.
- Understand the specific challenges faced by women entrepreneurs in the fitness industry and discover strategies for overcoming them to achieve financial stability and work-life balance.
Tune in to receive valuable insights and practical tips for navigating the challenges of entrepreneurship in today's ever-evolving landscape.
Shannon Simmons is a profit coach and business consultant for wellness businesses and has been working in the accounting and bookkeeping industry since 2003. Shannon started her business when she had two preschool-aged kids at home as a “hobby” business. Shannon didn’t want to go back to the corporate world, but she also wanted to contribute to the household and feel like she had an identity outside of “mom.” You can find her at Fit For Profit.
Notable Moments
02:18 – Shannon on defining her values
7:00 – What is the Profit First Method?
14:16 – Finding a niche
21:16 – Starting a business with two preschoolers
26:13 – Hiring people who accept your values
Connect with Shannon
Mentioned on the Show
Profit First by Mike Michalowicz
Nicole Schmied Episode
If you’re interested in creating a life of freedom and ditching corporate, check out my self-paced course at Corporate2Contract. Use code PODCAST for $100 off Core.
Connect with Kiri, the host:
Corporate2Contract
Corporate2Contract Money Mapper
LinkedIn
Instagram
Reddit
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