
Boosting Your Financial IQ
The Boosting Your Financial IQ podcast simplifies financial and accounting concepts to help you understand how money works and how to create more value.Hosted by Steve Coughran, founder of Coltivar and an expert in finance, strategy, and operations, this podcast provides real-world examples, stories, and tips to enhance your financial literacy. Whether you’re new to finance or an experienced business owner, Steve’s insights will help you identify value drivers and improve financial performance. With years of experience helping businesses from $3M to $100M+ grow smarter and leaner, Steve is dedicated to giving you the clarity, confidence, and support needed to make your business more profitable and sustainable. Tune in and learn how to speak the language of money.
Latest episodes

Feb 10, 2025 • 8min
153: Don't Let Numbers Be an Excuse for Inaction
Master business finance for free with 100+ video lessons—no gimmicks, no hooks, just valuable knowledge: https://www.byfiq.com/Too many leaders hide behind financial data, delaying action until every number is perfectly in place. But in reality, execution drives results—not spreadsheets.In this episode, Steve challenges the mindset that waiting for the “right” data is necessary and explains why intuition, strategy, and decisive action matter more.If you want to grow and scale, stop using numbers as a crutch and start making moves.Disclaimer:BYFIQ, LLC is a wholly owned entity of Coltivar Group, LLC. The views expressed here are those of the individual Coltivar Group, LLC (“Coltivar”) personnel quoted and are not the views of Coltivar or its affiliates. Certain information contained in here has been obtained from third-party sources. While taken from sources believed to be reliable, Coltivar has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation.This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendations. The Company is not affiliated with, nor does it receive compensation from, any specific security. Please see https://www.byfiq.com/terms-and-privacy-policy for additional important information.byfiq.com

Feb 3, 2025 • 7min
152: If You Want to Be a Profitable Entrepreneur, Listen to This
Master business finance for free with 100+ video lessons—no gimmicks, no hooks, just valuable knowledge: https://www.byfiq.com/Got a brilliant business idea? Great! But can you explain your unit economics, break-even point, or burn rate? Most people can’t—and that’s why they fail.In this episode of Boosting Your Financial IQ, discover why financial literacy is the ultimate game-changer for turning ideas into profitable realities. From decoding lifetime gross profit to mastering the four levers of profitability, Steve reveals the essential numbers every entrepreneur and business leader must know.Don’t miss out on the free tools and insights that can transform your career and business. Tune in now to elevate your financial game!Disclaimer:BYFIQ, LLC is a wholly owned entity of Coltivar Group, LLC. The views expressed here are those of the individual Coltivar Group, LLC (“Coltivar”) personnel quoted and are not the views of Coltivar or its affiliates. Certain information contained in here has been obtained from third-party sources. While taken from sources believed to be reliable, Coltivar has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation.This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendations. The Company is not affiliated with, nor does it receive compensation from, any specific security. Please see https://www.byfiq.com/terms-and-privacy-policy for additional important information.byfiq.com

Jan 27, 2025 • 8min
151: Can You Fake It Till You Make It in Finance?
Jump into the challenges of stepping into leadership roles where financial fluency is key. Discover why relying on 'faking it' in finance can backfire. Gain insights on mastering financial statements and the four levers of profit. Explore free resources designed to boost your financial literacy with over a hundred video lessons. This discussion highlights the essential connection between finance and strategic decision-making to drive business success.

Jan 22, 2025 • 3min
BYFIQ Hits One Million Downloads!
Master business finance for free with 100+ video lessons—no gimmicks, no hooks, just valuable knowledge: https://www.byfiq.com/What began as a simple idea to teach financial literacy has grown beyond my wildest dreams—all thanks to you. Your support, shares, and feedback make this journey possible, and I’m truly honored to have you along for the ride.Thank you for being part of this mission. Here’s to empowering even more leaders together! Cheers!Disclaimer:BYFIQ, LLC is a wholly owned entity of Coltivar Group, LLC. The views expressed here are those of the individual Coltivar Group, LLC (“Coltivar”) personnel quoted and are not the views of Coltivar or its affiliates. Certain information contained in here has been obtained from third-party sources. While taken from sources believed to be reliable, Coltivar has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation.This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendations. The Company is not affiliated with, nor does it receive compensation from, any specific security. Please see https://www.byfiq.com/terms-and-privacy-policy for additional important information.byfiq.com

Jan 20, 2025 • 7min
150: The X Factor and How it Drives Higher Profits
Discover the power of the 'X Factor'—a simple yet transformative formula that can reshape your approach to business finances. Learn how this concept can clarify decisions, enhance communication, and boost profitability. Hear a personal success story of turning chaos into cash flow, proving that understanding this key financial metric can save your business thousands. Don't overlook how one number can revolutionize your financial strategy!

5 snips
Jan 15, 2025 • 11min
149: The 4 Levers of Profit You Must Know
Discover the four essential levers of profitability that can transform your business finances. Learn how small changes in pricing can lead to significant profit boosts. The discussion emphasizes the importance of decreasing costs and increasing volume to maximize returns. Explore common pitfalls in pricing strategies that can leave money on the table. Plus, gain insights into critical financial concepts that support better business decisions. This is your chance to unlock strategies that put you ahead of the competition!

Jan 13, 2025 • 15min
148: If You Are 15-25 Years Old, Listen to This
Young adults face pivotal financial decisions that can shape their future. The journey from a minimum wage job to a multimillion-dollar business highlights the lessons learned from struggle and hard work. Sacrifices made during this journey illustrate the power of perseverance. Making informed choices in education and career paths lays the foundation for future success. Listeners are encouraged to embrace financial literacy and consider a free program designed to build essential skills for better opportunities.

Jan 6, 2025 • 22min
147: Want to Increase Your Financial IQ? Here's Exactly How to Get Started
Discover a transformative opportunity to enhance your financial skills for free. Learn how to turn theoretical knowledge into practical financial abilities through a structured program. The importance of taking action in achieving financial literacy is emphasized, urging listeners to actively pursue their goals. With ongoing support from a vibrant community, elevate your career or business by mastering personal finance. Tune in to unlock the power of financial literacy!

5 snips
Jan 1, 2025 • 18min
146: I Promise This Will Change Your Financial Future
Discover the power of financial literacy and its impact on success. The hosts celebrate their growth and the value of free educational resources for entrepreneurs. A game-changing announcement reveals that premium financial literacy courses are now completely free, aimed at empowering more people. They also share insights on how listener feedback has shaped their mission, underscoring the importance of mastering financial skills for a brighter future.

Dec 23, 2024 • 13min
145: What is Invested Capital and Why Should You Care
Is your business truly profitable, or is it running on borrowed time?In this episode of Boosting Your Financial IQ, Steve dives into the game-changing concept of invested capital—what it is, why it matters, and how it can transform your decision-making and growth strategy. Learn how to measure efficiency, allocate resources wisely, and avoid the pitfalls that can drain your business.Tune in now to uncover the keys to smarter investments and sustainable success. Your business can't afford to miss this.Disclaimer:BYFIQ, LLC is a wholly owned entity of Coltivar Group, LLC. The views expressed here are those of the individual Coltivar Group, LLC (“Coltivar”) personnel quoted and are not the views of Coltivar or its affiliates. Certain information contained in here has been obtained from third-party sources. While taken from sources believed to be reliable, Coltivar has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation.This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendations. The Company is not affiliated with, nor does it receive compensation from, any specific security. Please see https://www.byfiq.com/terms-and-privacy-policy for additional important information.byfiq.com