Love, your Money - Wealth, Money, and Financial Advisor for Women 176: Ending Entrepreneurial Poverty with Racheal Cook
Welcome to episode 176 of Profit Boss® Radio! In this episode, we’re on a mission to end entrepreneurial poverty for women. We’re talking about what it means for female entrepreneurs to design predictably profitable businesses—without the hassle and burnout—so that you can do less and earn more!
So many women struggle to turn a profit as they build businesses. In fact, even though women own 44% of small businesses, they only make up 4% of the small business revenue in the United States!?
How did this happen? Well, one big part of this is the fact that the MBA programs that so many women go through only train people to run large corporations. Unfortunately, they don’t equip you with the unique skills you need to build a thriving small business.
That’s why I’m so excited to have Racheal Cook with me today. Racheal is an award-winning business strategist, best-selling author, and host of the Promote Yourself to CEO podcast.
In today’s conversation, we talk about the fourth and fifth steps from my 7 Steps to Wealth Framework: ask and earn. You’ll learn how to make money (and earn it) in your own business, as well as in your personal financial life. Racheal and I go in-depth on what it means to design a business on your terms and get out of entrepreneurial poverty as a woman–once and for all!
Here’s what you’ll find out in this week’s episode of Profit Boss® Radio:
- How Racheal burned out on corporate consulting and found herself working uniquely with small businesses.
- Why so many small business owners work so hard for so little—and why it takes so long for them to realize this.
- The key to making your business run with ease—and the major mistakes so many women make that hurt their businesses (and themselves).
- Three things women need to be doing to run more resilient businesses.
- What you can do to get peace of mind if you’re suffering from burnout.
- How a bad CPA cost Racheal $15,000 in taxes that she didn’t need to pay.
Show Notes
To get access to the full show notes, including all the resources mentioned, visit https://hilaryhendershott.com/racheal-cook-ending-entrepreneurial-poverty/
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Hendershott Wealth Management, LLC and Love, your Money do not make specific investment recommendations on Love, your Money or in any public media. Any specific mentions of funds or investments are strictly for illustrative purposes only and should not be taken as investment advice or acted upon by individual investors. The opinions expressed in this episode are those of Hilary Hendershott, CFP®, MBA.