Wantrepreneur to Entrepreneur | Start and Grow Your Own Business 870: THIS one strategy can transform your life, business, and PROFITABILITY w/ Lori Hardtke
Discover the financial strategies that took Lori Hartke from a solo IT managed service provider to a thriving entrepreneur, savoring success from the shores of Maui. Our esteemed guest Lori, not only pilots her Arizona-based business, ByteWize, Inc., remotely but also mentors at ITSP University, guiding others to scale their operations without bloating their staff. Our dynamic exchange dives into how she's harnessed the potent Profit First system, a financial philosophy that has shaped both her business acumen and personal wealth, guiding entrepreneurs towards fiscal stability and impressive profit margins.
Transform your business's financial health and learn the secrets to consistent profits and a stress-free tax season. Lori illustrates the practical implementation of Profit First, revealing a method involving separate accounts for income, profits, taxes, owner's pay, and operating expenses. Our dialogue demystifies the complexities of cash flow management, offering you a blueprint to replicate the sense of financial control and peace Lori experiences. As a bonus, our host Brian shares his own transformation story along the way, showcasing the profound impact of this methodology on crisis-proofing your finances.
Lori's approach extends beyond the numbers, emphasizing a well-rounded entrepreneurial lifestyle that defies the glorified hustle culture. She shares her journey of 16 years balancing client satisfaction with personal well-being, all while savoring the island life. This episode isn't just about the mechanics of financial systems; it's a masterclass in sculpting a business that enriches your life, ensuring that while you chase profitability, you never lose sight of living fully and preparing for the future. Join us for an episode packed with wisdom for those ready to turn their entrepreneurial dreams into reality.
ABOUT LORI
Lori Hardtke is the owner and president of ByteWize, Inc. Lori is not your typical entrepreneur; she's a solo MSP who's also a technology educator and author, specializing in highly effective technology & financial strategies for small businesses. One unique aspect of her Arizona based business is that she lives full time on Maui. Lori is passionate about sharing her expertise. She teaches a class called "How To Be A Super Successful Solo MSP" through ITSP University, helping other MSPs scale their business without needing to hire an army of employees.
As a Certified Profit First Professional, Lori is passionate about helping business owners minimize their financial stress and maximize their profitability. At the heart of her business and teachings is a commitment to proactively contribute not only to her clients' financial success but also to their emotional & physical well-being of being a entrepreneur—Health, Wealth & Happiness!
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