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Financial Gym for Business

BUILD A BUFFER OF PERSONAL MONEY & STAY OUT OF DEBT

You are here: Home / Blog

Publicly Rich Privately Poor–The Rise of the Poor Entrepreneur – Part 4 – Fix Your Financial Systems

January 6, 2017 by Georgette Rowland Osborne

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The rise of the broke entrepreneur

If your incomings and outgoings are fairly straight forward, logging into online banking may be all you need. If you start to get serious about allocating money in order to service your future life as well as make things easier now, you will need a more robust way of doing it than that.

Let’s get real. Too much money advice is given at a confusingly high level. People then mistakenly look at a fairly simple financial situation and see it as more complicated than it is to fix or improve. And then if they do understand what needs to be done, they struggle with how to do it.

Links to previous episodes are below

You can look at financial systems on a:

Personal level: – Financial systems that directly affect you on a daily basis

Regional scale: – The financial system that enables lenders and borrowers to exchange funds.

Global scale: – This financial system is basically a broader regional system that encompasses all financial institutions, borrowers and lenders within the global economy.

source: http://www.investopedia.com/

Today I am going to keep this on a personal level.

Ultimately you will be using the skills of financial institutions, even if it is just to deposit money and pay bills. Your most important systems are the ones that you will actually use to keep track of how you deposit money and pay bills.

[spp-tweet tweet=” Learning Financial Information plus Financial Intelligence is easier than you think “]

Show Links & Resources

Publicly Rich Privately Poor – Part 1

Publicly Rich Privately Poor – Part 2

Publicly Rich Privately Poor – Part 3

Get your Free Build a Buffer of Personal Money Checklist

Get the Book

How to Rate & Review a Podcast in iTunes

Publicly Rich Privately Poor-The Rise of the Poor Entrepreneur-Part 3-Financial Information & Intelligence

October 21, 2016 by Georgette Rowland Osborne

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Here it is

M.I.I.S.E.R Financial Fix 2 & 3 – Financial Intelligence & Information

Links to Episodes Parts 1 & 2 are below

prpp-part-3-image-podcast

Welcome back to the next part of this series, where I look at the increase in well paid people or who have no financial security. Today we look at why financial information and financial Intelligence.

Why they are similar but not the same and you why you need both if you are serious about levelling up your money. However I also spill why Financial Information is not as important as you may think it is.

And I also give you a real example of how you would use Financial Intelligence versus Financial Information

Disclaimer

This show, or any resources mentioned, is not a substitute for obtaining proper financial and or legal advice from a qualified professional who is familiar with your specific situation. Also be aware that the information contained may not be suitable for every person or organisation.

[spp-tweet tweet=”Learning Financial Information plus Financial Intelligence is easier than you think”]

Show Links & Resources 

Publicly Rich Privately Poor – Part 1

Publicly Rich Privately Poor – Part 2

 

Get your Free Build a Buffer of Personal Money Checklist

Publicly Rich Privately Poor – Part 1

Publicly Rich Privately Poor – Part 2

Get the Book

How to Rate & Review a Podcast in iTunes

http://serialpodcast.org/how-to-listen (This is brilliantly done)

Will You be Rich or Die in Debt? Discover the 4 Money Mindsets w/ Karen Sutton-Johal

October 7, 2016 by Georgette Rowland Osborne

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Today’s Entrerpeneurs Speak Spot guest expert is a Learning and Skills Specialist, Debt Adviser and Financial Success Coach, who has spent 12 years helping people understand how their money mind-set determines their financial success.

Her fascination with financial success was sparked when, as a child her father’s business collapsed.
Her work as a debt adviser led her to discover ‘The 4 Money Mindsets’ which I looking forward to learning more about during the show.

In her years of experience she discovered that whichever of these you have, will determine your level of financial success.

Building a successful business with her husband Jo, resulted in them becoming financially free in 2012 and contributed hugely to her understanding of how to develop a rich money mindset.

They run Personal and Business Money Mindshift workshops and individual coaching which transforms clients’ finances.

Her book ‘The 4 Money Mindsets’ is a # 1 Amazon UK Money Book

It is with great pleasure I introduce my sister from another mother Karen Sutton-Johal

You will also hear

  • What she thinks about the late Gene Wilder and entrepreneur Daniel Priestley and which one she had a crush on
  • How her childhood changed from living in relative wealth to penniless and five in a bedroom
  • How we both vowed to do things differently to our mothers and failed – at first
  • How she made a great living doing what her mother found degrading
  • How at 40 she left her stockbroker husband, her home and  corporate career and moved to another part of the country to make a fresh start
  • How she and her husband have combined property with helping disaffected men over forty.
  • How debt is actually a repetitive trait
  • The 2 fundamental questions that determine your money mindset
  • Whether you can transition from one mind set to another successfully
  • She fires me up so much that I go off on one of my rants

Disclaimer

This show, or any resources mentioned, is not a substitute for obtaining proper financial and or legal advice from a qualified professional who is familiar with your specific situation. Also be aware that the information contained may not be suitable for every person or organisation.
[spp-tweet tweet=” Your money mindset will dictate how rich you are, no matter how much money you make “]

Guest Links

http://www.the4moneymindsets.com/

The 4 Money Mindsets Book

Show Links & Resources

Daniel Priestley

Darren Shirlaw – The Value of Intellectual Property (video)

Get your Free Build a Buffer of Personal Money Checklist

Publicly Rich Privately Poor – Part 2 – The Rise of the Poor Entrepreneur – Fix 1 – Motivation

September 30, 2016 by Georgette Rowland Osborne

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Start with why? What is your motivation? What’s in it for me? Who are you doing all this for? “What gets you out of bed in the morning?” And other borrowed quotes.

 

Tossing and turning at night worrying about money ruins lives, relationships and self-esteem. Let’s start the process to turn that around.

This is part two of my six-part Publicly Rich Privately Poor series of episodes.

You will also hear

  • Is doing something for yourself enough or is what you want to achieve more about others?
  • Today we tackle what needs to happen inside us before we take our money seriously enough for it to work in our favour. What does it take to push through financial strain and come out the other side?
  • I talk about how despite me believing otherwise, my race, ethnicity and background has coloured (see what I did there?) my motivations and the people I want to influence.
  • Why we should stop pretending money is not important or we don’t need it
  • Tips for
  • Where to go to

And much more

Disclaimer

This show, or any resources mentioned, is not a substitute for obtaining proper financial and or legal advice from a qualified professional who is familiar with your specific situation. Also be aware that the information contained may not be suitable for every person or organisation.

[spp-tweet tweet=”Smoothing out cashflow in your personal life is as important as doing it in your business”]

Show Links & Resources

Get your Free Build a Buffer of Personal Money Checklist

Publicly Rich Privately Poor – Part 1

Get the Book

How to Rate & Review a Podcast in iTunes

http://serialpodcast.org/how-to-listen (This is brilliantly done)

 

Publicly Rich Privately Poor-The Rise of the POOR ENTREPRENEUR -Part 1

September 23, 2016 by Georgette Rowland Osborne

The number of high achievers who are one month away from financial ruin if they had an emergency is increasing rather than decreasing.

podcast-image-prpp-ep1

This little mini-series is going to give you an overview of how to go back to basics with your money. Reboot if you will.

This could be a dry subject but I promise not to make it so. When you think that the principles I am going to share with you over the next few weeks can change your whole perception of dealing with money. Don’t you owe it to yourself to tune in?

Make sure you subscribe to the show on iTunes or Stitcher so you get notified automatically when the next one is available.

Disclaimer

This show, or any resources mentioned, is not a substitute for obtaining proper financial and or legal advice from a qualified professional who is familiar with your specific situation. Also be aware that the information contained may not be suitable for every person or organisation.

[spp-tweet tweet=” The number of high achievers one month from financial ruin is increasing “]

Show Links & Resources

Get your Free Build a Buffer of Personal Money Checklist

Six Figure Business but I’m Broke       Listen to the episode here

12 Ways to Fund a Business without a Bank Loan

Robert Kiyosak Entrepreneur Magazine Interview

 

Get the Book

How to Rate & Review a Podcast in iTunes

http://serialpodcast.org/how-to-listen

Emotional Stress – The Staggering Financial & Human Costs of Stress w/ Mary Wingo, PhD

September 16, 2016 by Georgette Rowland Osborne

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Dr Mary Wingo Ph.D is the world’s number one human stress expert.  Her genius is in taking a subject that is complex and frequently expressed in scientific language and breaking it down into plain English for “Joe Average”.

The real Big Bang Theory. What subject can you bring together a biologist, physicist, geneticist, and biotechnologist and hear completely separate theories. Human Stress.  Brexit and Black Lives Matter are symptoms of the emotional toll on individuals who feel they have little control in the world in general. Not just the man in the street, but political and social leaders. Living in a state of constant stress has become the norm in the western world, but we are paying a high price for it. Personal well-being is suffering and despite social media there are people who have never been so lonely. Could we be heading for a humanitarian crisis not just an economic one?

Dr Wingo believes this is all preventable. She also reveals the number one stressor for humans by far and why it is the core of our problems in modernised society.

podcast-image-emotional-stress-w-dr-mary-wingo-phd

You will also hear:

  • Why she fled the US to live in South America
  • Why the last financial crisis was a catalyst for the re-emergence of group inequalities that many thought had improved, and how this has led to a herd mentality amongst what would be considered “civilised people”
  • Why stress is the root cause of physical disease and mental health issues
  • Why men are the most vulnerable group in society when it comes to mental & emotional stress
  • Why women are not so susceptible to loneliness and isolation
  • Why it is important to talk about money on deep, psychological level
  • Why money in electronic form has made us more vulnerable as individuals.
  • My take on how easy it is to manipulate people into believing any money they see on a screen is real and available.
  • How religion affects chaos in our lives
  • Why British pub culture is needed
  • The three stages of stress

And much, much more
Guest Links

http://marywingo.com/

https://www.amazon.com/Mary-Wingo/e/B01G24Q1RS

https://www.amazon.co.uk/Mary-Wingo/e/B01G24Q1RS
Show Links & Resources

Brexit and Black Lives Matter

Get your Free Build a Buffer of Personal Money Checklist

Get the Book

B9:Why Successful Leaders Need Coaching & Why You May Never be an Author w/ Mindy Gibbins-Klein of The Thoughtful Leader

September 9, 2016 by Georgette Rowland Osborne

Quick confession, this was meant to be a podcast episode. However the quality of the audio was not clean enough and my guest is a classy lady, so we would have done her an injustice.

While you don’t get to actually hear how warm and funny she is; what you will get are her thought provoking ideas and opinions.

Mindy Gibbons Klein is founder and director of 3 businesses, Real Thought Leaders, The Book Midwife and Panoma Press Business Publishing.

She is a highly sought after speaker to executive audiences and she develops and presents workshops and training programmes to top business leaders. She’s spoken to thousands of people in many countries and has an enviable list of private consultancy clients who use her services to develop their thought leadership strategy, and also to plan write and publish books and articles that raise their profiles as real thought leaders.

Mindy has written and been interviewed for articles for radio and television over 100 times and is the author and co-author of 8 books, including best seller 24 Carat Bold, which is a must read.  Seth Godin himself called it practical and inspiring.  Her latest book, The Thought Leader takes the concept of thought leadership to a whole new level.  Now I consider this lady one of the first people I truly considered a mentor when I took the step from being in the corporate world to working for myself.  Not just because she is a thought leader in her own right, but the work she does in helping others to step into a thought leader or influencer role.

It is my pleasure to introduce Mindy Gibbons Klein.

  

Georgette: You said that you’ve just come back from an exercise. Is that part of your morning routine?

Mindy: I try to exercise a few times a week.

G: So Mindy, before we dive in to your wealth of knowledge, I’m going to ask you a few trivia questions so that the audience can get to know you, Mindy, the woman; and find out just a little bit more about what you like and what makes you tick.

So the first question is:  What type of car are you?  Sports car? Executive saloon? Or a 4×4?

M: I have an executive saloon.

 G: Without sending you into therapy, if you had one, what was your nickname growing up?

M: Mindles.  It turned into Spindles so people used to call me Spin, which is quite accurate as I am a bit of a spin doctor.

 G: You could be a rapper with that nickname.  Next, dead or alive, which two people would you most love to meet if you could?

M: Albert Einstein and my mum, who I have already met.

G: Not including Richard Branson, who do you admire in the business world right now?

M: Karren Brady. I really admire her.

G: Before we dive into your work as an influencer and helping people become an influencer, did you ever have a life in the world of work before you went out on your own?

M: Oh yes. Certain things I don’t miss at all.

G: How did you transition?

M: I literally finished a job, and then toyed around with finding another job. I knew what I wasn’t really willing to do.  I used to travel but I had little kids, 4 and 5 years old. I finally said right, that’s it, I don’t want one of those jobs so I started with a bit of a plan but a lot of enthusiasm.

G: So how did you act upon it? There are people who plan first. Perhaps, build up 6 or 7 months’ worth of money.  While others dive straight in because they are convinced it is what they have to do and the sooner the better. Which one are you?

M: I jumped right in. I had a cushion because I got a few redundancy payments. I managed to keep them safe in a bank account.  So I did not feel that I had to build things up. In hindsight, I didn’t feel that sense of urgency to burn the boats as they say. I kind of just started. I was a bit burnt out actually from the corporate world.  I gave myself a break and I had time with the family.

G: You have 3 separate businesses.  What do they look like?

M: They all work together and I run multiple businesses. The first business that I started 14 years ago was the Book Midwife brand that a lot of people know. I started as a book coach helping people develop ideas and their message, and to get finished with their books. We still do that with other coaches. We also have programmes and private coaching, to take stuff out of your head and into a manuscript that’s ready.  That’s going fine.

After about 3 or 4 years, I started a publishing company with Book Midwife graduates. They were always getting published but it was taking too long; or they were going to get published but didn’t do it right, or publishers just ripped them off.  It was started with some great intentions and a lot of caring.  Happily running the book coaching company and the publishing company do fit together.

G: And now you have your thought leadership coaching and programmes. Are they only for individuals?

M: We do corporate work, and leadership development now in areas other than books.  I’ll just give you an idea.  Leadership usually has everything to do with strategy, your positioning, and your confidence as a leader.  When an individual or an executive wants to go forward and do strategy; and they actually want to write and publish. After they do their great work at the Book Midwife, we can bring in the other companies.

G: Who along the way would you consider a coach to you, who do you look up to?

M: I had a lot of managers and leaders.  Throughout my career I had quite a few people who believed in me and it’s really lovely when up and coming leaders push you forward.  It’s so important because there is enough room for everyone. The best mentor/coach that I ever had was Mr. Anthony Robbins, (Tony Robbins).  I’d been listening to his tapes since 2004. I became a senior leader with them and then volunteered my time as a thank you, as they did so much for me.  I learnt so much from Tony that has built the foundations, in fact everything that my business and I am now.

G: He’s responsible for improving so many careers and lives.

M: He really is amazing and I just feel really blessed to have him in our time

G: Let’s go back to having a book.  To be a thought leader, it is said that while we can create content, intellectual property, build businesses, call ourselves influencer or expert; the way to really do it is to  have a book.  But for many, me included, a book was such a reach. I was not only hampered by my own self-doubts, but also not understanding the practical steps to get a book out.

I remember sitting in one of your the sessions for a day.  I didn’t truly know what I was doing at first, but I followed your process. A few days later when I decided to tackle it again, I realised the book was more or less written. I went from no clue to having a workable manuscript.  I didn’t do any more just looked at the Mindy Maps you taught us to create and there it was.

So Mindy, if someone came to you, from a standing start, believing it was impossible to become an author, what would be your approach or advice?

M: Whether is a private one to one client or a group, every programme starts the same way. There is a half a day inspiration session and it is pretty powerful. I don’t have to say so myself, because people like you make all the difference.

People sometimes don’t understand the metaphor of the Book Midwife. They think it is about the end where you know you’ve carried the baby for 9 months and then it is all about the publishing. What I meant but I chose the wrong name, was pulling the idea out right from the beginning when it’s still just an idea

G: The conception or inspiration.

M: Thank you for that, because the inspirations section, that is where the sparks fly

And also it’s really important having the confidence, helping people who feel like imposters of some kind. Can I actually do this? Will anyone care? Will anyone like it? Etc.  Dealing with all of the negativity. Also people are too busy to focus on a plan, and following through with it.

Just the other day I got a call from someone who said “I am not making progress on my book”. Now this person I’ve been speaking to for years. I see them every few months, and I don’t mention it. But they see me and feel that they need to go to confession.  They end up saying they’re still working on their book.

Within 90 days we could have had it all done to a really high standard.  This person said to me I’m going to work with you when I get the fee.  It’s £1500.  But the fee is not the issue.

That’s not a huge investment to get you started in the right way.  Unless people understand the value, £1500 or even £100 won’t make a difference. Georgette, you’re a finance lady.  You know it’s all about the value, the perceived value.  I can tell you that we have put thousands of people through that programme, not just the private clients, but including the groups.

People start their book and so what do we do? We look at the big picture. Because of my businesses, we’re able to do a whole lot more. Some people say I want to write a book, but they don’t want to be a thought leader. Others want to write down a story, or somebody talking, they don’t want to become a speaker.  They just want to be proud of the fact they’ve got a book in print.  We call those the life story books and they’re just as rewarding. And when their book comes out a few months later, they’re an author!

G: It’s funny you say that.  I had never looked at a book in that way. I was able to picture the faces of my readers. Finally I knew why I needed to get it out. Why and for whom.  And that is how that book got written.  You kept stressing that to avoid going off track we should simply refer back to what is the main thing we want them to know?.  And I would go back to that and it would just write itself.

G: In your experience as a thought leader, what differentiates people who take action from those that don’t? I know you have strong views on this

M: Georgette.  I put on my workshops with absolutely everything. People get all excited and say “I’m inspired, I’m going to do it”; but they don’t. Here’s the thing, many people start out with great intentions, but unless you have somebody holding your hand, it’s very, very, very unlikely that you’ll do it quickly or do it at all.  We get people who have spent about 2 years or more and they’re not sure about what they’ve written. They say would you read it and tell me if it’s any good. I won’t read it and I won’t use that phrase. What sort of objective is that? I can’t.

G: I can’t remember the exact figures so I’m going to make this up completely just to illustrate a point.  It was said at a business workshop I attended that out of every group of 100 who pledged they were going to write a book, only a fraction even managed to get something to a point where it could be published. The number was very small.

M: But that’s people who actually started

G: Really! That can’t be true.

M: It is true.  If you’re a listener and you’re listening to me right now; you might risk never doing it, never finishing.  Or you’re not sure about how to get published. There are a number of ways to do that.  The private coaching that I’m so adamant about; we have 100% success on the private course.  Why, because we’re holding somebody’s hand all the way.  In a group setting, it’s less possible, isn’t it?  I feel very, very strongly in that, that’s the way to go. I’ve just had my personal trainer this morning because guess what, I don’t go to the gym.

G: There you go, you are spot on. I have the best of intentions around fitness. I’ve even been known to have the gym clothes at the side of the bed ready for when I get up in the morning. I wake up, and then step over them. That direct accountability is invaluable.

M: You know I’m always happy to have a chat with people.  I’m one of the most accessible coaches and people out there because I’ll chat and I’ll want someone to have a thorough understanding before they make a decision. There’s lots of ways to get your book done.

I’m a bit biased; I think private coaching is what we’re known for. If people say I’m expensive then you know, what I’ve done my job. I drive a Lexus. It is expensive compared to other cars. Is that an investment I wanted to make?  Absolutely.  And if someone is not willing to invest in a book to represent their best, then perhaps they’re not my client.

G: I love the phrase “what someone can afford is none of your business” People will find the money for what is important to them.

M: You know there’s always a way.  We’re not talking finance but I’ve had people liquidate ISAs to get their best book done. I’ve had people use credit cards, rearrange financing.

M: I’m not the most expensive in the world.  There are eye-watering figures coming out of the US.  US clients love what we do now because of the dollar.  In the UK it’s just the same as ever, very high quality and that’s what we do.

G:  As an entrepreneur what setbacks have you looked back at and you thought “I really shouldn’t have done that?  What sticks in your mind as something that makes you wince when you think about it?

M: The thing that I still find about myself.  I’m accessible, I’m nice, but I’m too soft.  I used to allow people to go on for too long without meeting expectations.  I Continued to providing services that cost us money. Under the umbrella of Mindy being too soft, I moved away from New York. I think I moved away because I couldn’t fit in to that hard-nosed way of doing business.  That’s not just me. People on my team and my advisers were telling me to be stricter about things.  I’m just blessed with a lot of energy, and people see my energy.  I probably was hyperactive as a child, it’s ADHD now.  I talk fast and think fast.

G: And how do you think you’re different today, as a woman, since you started out on your journey?

M:  As a female, we’re in a good position, we’re allowed to talk and express emotions. Everybody is, but we were allowed to. I worked with a healer, several in fact. Very simply, I worked to become more loving towards myself.  You need to get a message very deeply.  I’m very clear about what we do in the businesses for every client and every supplier. But now I feel very grounded, that’s the best way I can describe it.

G: How do you deal with emotional vampires or toxic people?

M: They’re not toxic people. I think it’s really important we’re clear. If you’re saying someone’s toxic that is a permanent state. So the word I would use is unresourceful, so they’re acting in an unresourceful way.

G: I hadn’t thought of it like that.

M: It’s a big ask to dig deep, to find resources and use them well.

G: Also people have behavioural patterns which are difficult to overcome by yourself.

Mindy, before I let you go, what are you looking forward to doing in the future? I know you have your latest book The Thoughtful Leader

M: The businesses are blending more and more.  The Thoughtful Leader has enabled me to bridge what I do in business and my philosophy in life.  Things are always moving on and evolving. I’m very proud of the last book, the latest.  It’s for the entrepreneur who feels a bit beaten up. It views things from my model of the world. It allows people to choose to think about how they act especially in business. How executive leaders can choose to be more thoughtful about their content. Of course I still had to bring it back to content because there’s the value.

By writing and speaking you express yourself. You can think things but they don’t exist in the real world before you write anything. You just take a more strategic, a more thoughtful approach.

At the very end of the book we go through the word thoughtful and my beliefs that people can choose and learn to care. When they are in an unresourceful state from themselves or they are blaming others, they have forgotten how to choose.  So that’s what I’m really doing nowadays on the thoughtful leader sessions on this and people respond.

So you’ll notice it’s nothing to do with writing although if you’re in business, it’s going to result in better books, better articles, but mostly a better you.  And then I get to travel around the world doing this stuff.  Life is looking up at the moment.

G: Not only that, the book is doing really well.

M: It is WH Smith business book of the month in September so we’re hoping that a lot of people learn from the book and that will take us to the next one who knows. It will be double digits one day but …

G: If you can’t Mindy, there’s no hope for the rest of us.

G: Thank you so much. I’ve had an education, a very thoughtful one in fact; I knew it would be. People are struggling not just with writing a book, but with how to position themselves in business. What you are saying is that seeking out expertise and accountability is not something to be afraid of. It is a sign of an action taker. Even thought leaders need thought leaders. You are certainly one of mine.

Thank you for your time today Mindy, I enjoyed it.

M: I enjoyed it just as much and thank you for inviting me to be a guest.

Guest Links

Mindy Gibbins-Klein

Book Midwife

Panoma Press

The Thought Leader Book

24 Carat Bold Book

Show Links & Resources

Seth Godin

Get your Free Build a Buffer of Personal Money Checklist

Get the Book

Going from Giving Free Advice for Coffees to an Authentic Mentor w/ Kathy Ennis

August 19, 2016 by Georgette Rowland Osborne

http://traffic.libsyn.com/financialgym/Going_from_Giving_Advice_for_Free_Coffees_to_an_Authentic_Mentor_w_Kathy_Ennis.mp3

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Watch Video Below:

“Can I pick your brain?” is the sentence that can keep business people in the poor house. Listen to how this entrepreneur got out from under the pressure of giving lots of advice for little financial reward, and built a sustainable business.

 

My guest today is Kathy Ennis. She specialises in getting small, micro businesses, freelancers and self-employed individuals to live up to their true business potential.

As a successful small business owner herself Kathy is the first to admit that it didn’t come without its trials and tribulations. This is why she is passionate about sharing her knowledge and experience with others, so that their businesses will become everything they ever dreamed of.

Every small business wants to get new clients and make more profit; without taking up lots of money or loads of time.

Listen to her story of how she went from thinking she was a business person to the realisation she was “playing around”. The effect on her finances; and the big changes she had to make to be taken seriously.

You will also hear

  • How starting with a financial cushion actually gave her a false sense of security
  • Tips on choosing a name for your company
  • What forced her change from a sole trader to a limited company
  • Her unique perspective on what personal branding versus image management really is, and how to use them to your advantage
  • How the effects of the recession hit her business hard and how she had to reinvent herself to get customers again.
  • How she had to confront the financial side of her business even though she is not a numbers person.
  • How she transitioned from giving away advice for free to giving the same advice for a fee and how people responded.
  • Why you shouldn’t model other people

And much more

Disclaimer

This show, or any resources mentioned, is not a substitute for obtaining proper financial and or legal advice from a qualified professional who is familiar with your specific situation. Also be aware that the information contained may not be suitable for every person or organisation.

[spp-tweet tweet=” Knowing your numbers is the difference between playing or being serious in business “]

Guest Links

http://www.kathyennis.co.uk

Twitter:  @kathyennis

Facebook: – Kathy Ennis Your Brand is You

Email: [email protected]

Link to book:  How to Spot a Dinosaur by Susie Kay & Kathy Ennis

 

Show Links & Resources

Download your Build a Buffer of Personal Money Checklist

Get the Book

How to Rate & Review a Podcast in iTunes

http://serialpodcast.org/how-to-listen (This is brilliantly done)

Because You Are Worth it – When Losing a Customer is Just Fine

July 11, 2016 by Georgette Rowland Osborne

goodbye-reject-couple-kiss-1441470_1280x853_pixabay

What to do after losing a sale!

How to recover from a lost customer!

How to save the deal!

How to follow up and get the sale!

 

The internet is full of tips on how to avoid losing a potential customer.

What you don’t get so much of, is how to establish whether that customer would have been good for you in the first place.

I deal with customer money issues every day, I advise, I encourage and gently push people to be realistic about what their needs are.

It is easy to start with your financial needs. However I find if you get specific about why and what you need to have happen in your life, then the business and financial decisions become easier to stand by.

What do I mean by that?

“I was not the boss of my own business, I was an employee without the benefits.”

One of my businesses offers a bookkeeping service. Just like most of my colleagues and competitors, I used to charge hourly rates. I only sent an invoice when work was completed or at the same agreed time each month. If there was no work done, I did not get paid.

And worse, there were many times that I did some work and spent a long time, sorting through a client’s mess. Then on completion I only charged a fraction of the actual time I worked.

I was afraid they would not only reject the bill, but possibly decide that I was too expensive and stop using me.

Not being an employee was supposed to mean no longer dancing to somebody else’s tune. Well now I was dancing to the tunes of many and I felt I had little control. I was not the boss of my own business, I was an employee without the benefits.

Over the years that scenario has changed dramatically. My clients have moved from people who tell me what they want, to people who ask me what I think.

That was no accident. It was because I changed my expectations, and in turn my approach to how I sold and looked after customers. Which also led to other ways to bring value, free as well as paid.

I realised that in some ways I would have to work harder. I would have provide more than just entering transactions and emailing an invoice. I was going to have to get to know what they really wanted as entrepreneurs and as people, and then see how I could contribute.

 

“By definition, I am a rescuer”

 

But it has and is still not plain sailing. If you have been following me for a while, you will know that by definition I am a Rescuer. My first instinct is to jump in solve everything, even if I lose out.

If things were tight for a customer, I would postpone a price increase, even though all my costs had gone up.

After spending lots of time trying to figure out the best pricing structure, the best sales technique, the glossiest brochure, the best course to buy to get me from “zero to seven figures in 28 days” (yes I am being sarcastic). Finally I came to the conclusion, reluctantly, that the thing I had to change first was me.

Then what happened I became more bold about what offer because I got more interested in what people got from me and my services. Too long to go into here, but listen to the podcast and you will get much more tips and strategies that you can use to help you.

Fast forward. Now I say what the prices or packages are, and I stay silent. I may sometimes ask how it sounds to them. But what I no longer do, is jump in and try to fix the price.

Sure I offer payment plans, but that is it. And you know what, it is not just for my sake, but for my clients also.

Why?

Because I want to enjoy working with them.

Every company or entrepreneur I deal with is a total pleasure. I or any of my team are not working until one o’clock in the morning. Tired and resentful about missing family time. Desperately trying to finish tasks that we know in our hearts we are probably not going to be properly paid for. No my friends, not anymore.

 

“We hide behind time to make it easier to justify our prices”

 

This is not me encouraging you to go out and put your prices up to outrageous amounts just to make a point. Never forget you have to justify whatever you charge. Whatever you can do to make your customers lives, easier, happier, more profitable, stress free, then do it.

All I am saying is it just does not have to be based on time. We hide behind time to make it easier to justify our prices. I have seen something as simple as a one percent change in price shift business out of survival mode.

If you can relate to what I am saying, but you are afraid to make changes towards being a person who charges for the value they bring, let me leave you with a thought

“What someone else can afford has got nothing to do with you”

“Even with a high income, you can still be an under earner”

“Building your business or income makes it easier for you to help others build theirs”

I would love to know about you.

What are your thoughts on the how others view the value you bring to your work or business? What is the impact on your life in general? What has your experience been like?

Please share in the comments below, you may help someone else in the process because Everyone deserves to sleep like a baby at night

 

Wishing you the best

 

FFS32:Are You a Great Customer, or a Deluded Pain in the Business Butt?

June 24, 2016 by Georgette Rowland Osborne

http://traffic.libsyn.com/financialgym/Are_You_a_Great_Customer_or_a_Deluded_Pain_in_the_Butt_podcast.mp3

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Poor service or a bad buying experience is always the fault of your supplier, right? What if your bad experiences are down to you and you don’t even realise it?

Shine the Light
If there are any questions you have or topics that you would me to cover or you just want to share your experiences with me. I would love to hear from you.
There are a few ways to contact me.
• You can leave a voice message by clicking the link with the microphone.
• You can send a message from the contact page.
• Or you can send me an email at [email protected]
And so I can give you a shout-out, don’t forget to give me the name of your business, website, blog or podcast.

Show Links & Resources

Download your 5 Tools to Freedom

Get the Book

How to Rate & Review a Podcast in iTunes

http://serialpodcast.org/how-to-listen (This is brilliantly done)

How to Avoid Auto Enrolment if you are a Small Employer (Video)

June 17, 2016 by Georgette Rowland Osborne

 

Here’s what to do if you think you may be exempt from the new “compulsory” pensions regulations. Watch the video below for a quick tip about being exempt from Auto Enrolment.

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Resources & Items

Check out Resources – Georgette Recommends page

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10 Money Questions Shrewd Business People Know the Answers to

June 10, 2016 by Georgette Rowland Osborne

http://traffic.libsyn.com/financialgym/10_Money_Questions_Shrewd_Business_People_Know_the_Answers_to_podcast.mp3

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Welcome to today’s Grow Your Money (GYM) episode.

Do you have financial intelligence? What do the smartest business people know about the money in their company that ensures they stay ahead of their competitors?

If you can answer five out of ten questions that I ask in this episode, you will be in the top 15% of all entrepreneurs.

The trick is not to start with what data you have, or you think you need. Start with what questions about your business you need the answers to. And then use that to go seek out the information, reports or advisors that can provide them for you.

Today I am going to give you some of those questions. Play along and see how many you can answer.

Disclaimer

This show or any resources mentioned is not a substitute for obtaining proper financial and or legal advice from a qualified professional who is familiar with your specific situation. Also be aware that the information contained may not be suitable for every person or organisation.

[spp-tweet tweet=”Though you may try, there is no getting away from what the numbers in your business are telling you”]

 

Shine the Light

This is part of the show where I shine the light on great people and resources that you may find inspirational or helpful.

Today I have chosen an article and interview. I read it on the site Small Business Trends which is a site that talks about exactly that. The article I found interesting was part of an interview with Cindy Bates, Vice President of Small and Midsize Business for Microsoft. http://smallbiztrends.com/2016/05/business-intelligence-will-be-transformative.html

 

Show Links & Resources

Download your 5 Tools to Freedom

Get the Book

How to Rate & Review a Podcast in iTunes

http://serialpodcast.org/how-to-listen (This is brilliantly done)

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Testimonials

  • Andy PetersonAndy PetersonIntuit UK QuickBooks

    "Thanks for being one of my favorite partners this year. As one of my US colleagues would say – ‘You’re awesome!’

  • Steve SweetloveSteve SweetloveDirector - Right Hand HR

    “Dear Georgette, further to the work you carried out for one of my clients; I am writing to express my gratitude. The client was the first to admit that since incorporation the bookkeeping had been close to non-existent.

    Compliance was causing him anxiety as the industry his company trades in is tightly regulated.

    I received a call in which he expressed how relaxed he felt now that he was in good hands. I will not hesitate to refer you to family, friends and colleagues, as well as passing future clients to Precision/Financial Gym.”

  • Lillian KyeiAccountant

    I have tapped into Georgette Rowland’s expert knowledge; especially in relation to Estate& Letting agency accounting procedures. She is very efficient and reliable, readily to offer advice and help.
    I would highly recommend Georgette & Precision Bookkeeping for all your bookkeeping requirements and you will not be disappointed

  • Michelle HolmesMichelle HolmesThe Energetic Activist

    Georgette Rowland Osborne!!! You ROCK ROCK ROCK!!! Thank you sooooooo much! I freaking LOOOOOOOOOOOVE you Mrs! You are freaking ridiculously awesome! I need to broadcast you to the world!

  • Suzannah Nichol MBESuzannah Nichol MBEChief Executive Build UK Group of Companies

    "Our growth as a business has been fantastic and I truly meant it when I said you played a major part in that growth. Many many thanks"

  • Shelly CollinsShelly CollinsDiveristy Expert & Director of Just Resources International

    "Thank you Georgette, you changed my business and turned my life around!” 

  • Judith HollowayJudith HollowayParenting Expert & Property Coach

    “Georgette doesn't mince her words and gets straight to the point, with lightness and love - so refreshing!" 

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