Business English from All Ears English BE 445: High Overhead? How to Talk Like a Business Owner
14 snips
Jul 31, 2025 Explore the entrepreneurial shift from employee to owner, emphasizing the necessary mindset. Discover key financial vocabulary to enhance workplace discussions. Delve into the concept of business overhead and the essential expenses every owner faces. Learn about crucial financial tools like profit and loss statements, budgeting, and the break-even mindset. The episode highlights financial metrics important for small businesses and emphasizes understanding business terminology for better connections in the workplace.
AI Snips
Chapters
Transcript
Episode notes
Natural Mindset for Ownership
- Lindsay McMahon found becoming a business owner natural because she thought like one even before owning one.
- Michelle shared feeling overwhelmed helping in a family business, highlighting the challenging learning curve.
Know Overhead, Connect Better
- Learn key financial terms like overhead to understand business expenses, even if you are not a business owner.
- Knowing concepts like overhead helps you connect better with business owners and colleagues.
Understand Overhead Expenses
- Overhead includes regular expenses like payroll, rent, loans, and marketing that keep a business running.
- Understanding overhead varies by business and impacts monthly financial planning like budgets and cash flow.