How to set the right money mindset for business success

Money! How to manage it, how to make the most of it, and how to attract more of it, are questions we’d all like answered and this week’s guest, Clare Wood, has some practical solutions. 

Clare is a sought-after money mentor, author, speaker and CPA-qualified accountant who helps service-based businesses to scale. She also runs The Profit Academy, an online school created to help business owners increase their profits exponentially.

When it comes to money management, Clare knows just what it takes to help business owners make more money and create a life of financial freedom and fun.

Episode notes

In this episode, Clare unpacks:

• 1:00 - From 2nd-gen numbers nerd to corporate finance
• 4:03 – Why helping small businesses make more money is her passion
• 8:44 – The basics of small business finance + key metrics to know
• 11:50 – The difference between profit and loss, cash flow + budget
• 13:55 – Cash flow tracking: Excel vs accounting software
• 17:40 – How to keep reaching your profit goals
• 19:10 – Why you DON’T have to tell your customers why you’re raising prices
• 22:20 – Understanding your money mindset – and how to change it
• 28:05 – The power of a growth mindset for entrepreneurs
• 29:05 – Sales strategies – growing your existing clients/customers
• 31:40 – Unlocking your money dreams and desires

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