Episode 151: Financial Literacy for Small Business Owners

Chief Number Smasher Maddie Brown joins me in this episode as we talk about the importantand impactful things you should know about financial literacy when starting and building abusiness. If you area small business owner who wants to make things right regarding businessfinance, Maddie will bring some amazing information to the table that you won’t want to miss.The story of how Maddie’s entrepreneurial journey began.The number one hurdle for small businesses.Learning how you can start your business the best way possible.The importance of putting down your plans on paper regularly.Role of financial literacy in building a business.3 Strategies for handling your money.Maddie’s definition of success.How the entrepreneurial journey has changed her.Links and Freebies:Smashing Numbers Website25 Tips5-Shifts WebinarThe Road Map to Financial Success“I have spent the last 11 years developing a client base of peoplethat I love to work with andlove to help and see them do better in the world. When they do better in the world, the worldis a better place and I have done my part. I am passionate about helping small businessessucceed and pay themselves.”“The real thing that people need to do is they need to sit down and draw up how their businessis going to work financially before they even start the business. Because if they can’t make itwork on paper, then they’re never going to make it work in real life. And thatis the bestinformation you can get.”“Every business has a chief financial officer. Unfortunately, a lot of times the owner is wearingthat hat and that isn’t something they know how to do. An outside set of eyes and ears canhear and point out wherethere are leaks and opportunities so you can do better and be moresuccessful. I’m a huge advocate of coaching because it makes it possible to do things faster andeasier and more profitably and you don’t waste much time, money, and resources.”“If you take the time to build the foundation strong up front then you’ve got some place to gowith your business.”