SHOW & CHAPTER 49: IMPLEMENTATION OF FINANCIALLY RECESSION PROOFING YOUR BUSINESS - WILLIAM EASTMAN27/6/2022
It is the last week of Season 9 and the focus is on pulling the material together into an implementation plan.
The following is a summary of the last 12 weeks and the shape of our newest book on Recession Proofing Your Business.
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 THIS WEEK’S THEME - The Millionaire Guide to Working On Your Business Instead of In Your Business
This week, we will talk about The Millionaire Guide to Working On Your Business Instead of In Your Business You will want to listen to the next four episodes because they will help you understand all about working on your business instead of in your business we will be talking about The difference between working IN and ON your business, overcoming tunnel vision, doing what you are good at and outsource the rest and how to hire the right people even if you are a solopreneur.
Let's cover some new terrain. Unlike my other shows, I am exploring new ideas and crypto fits the bill. It is focused on the impact of sales if you don't have the ability to take crypto - it is estimated that 10-15% of your sales 2022 will be lost if crypto is not a viable payment option.
 THIS WEEK’S THEME - Thinking Like a Millionaire
This week, we will talk about Thinking Like a Millionaire You will want to listen to the next four episodes because they will help you understand all about thinking like a millionaire, we will be talking about thoughts, yes thoughts are things, do you have thoughts of a king or a pauper? You need to guard yourself against other people’s thinking and then understand the power of like-minded thinking.
A Financial Scorecard is a measure of the impact of Operations, Customers, and People.
A company's profitability is a function of how well the owner / executive utilizes current resources to build and deliver its offer, managing the entire customer engagement process, and the ability to staff the organization with talent that makes an impact  THIS WEEK’S THEME - Moving Past The Millionaire Roadblocks
This week, we will talk about Moving Past The Millionaire Roadblocks You will want to listen to the next four episodes because they will help you understand what are the roadblocks to the Million dollar path and how to overcome them, find investors & funding for your business, move past economic limiting beliefs, and then how to gain success with low hanging fruit. SHOW & CHAPTER 37: THE MOST POWERFUL FINANCIAL TOOL - FORECASTING CASHFLOW - WILLIAM EASTMAN6/6/2022
During the early stages of a small business, one of the major failure points is cash flow. Business Owners need to understand their break even point and sources & uses of cash to prove the business idea by staying alive long enough to give their offer the testing time necessary.
It becomes the essential financial tool during an economic contraction, this and only this will drive decisions impacting how long the business will last.  This week, we will talk about The Millionaire Belief System.
You will want to listen to the next four episodes because they will help you understand your Belief System, identify them, challenge them, create new beliefs and become your millionaire self.
The major benefit of integrated, quantitative credit risk management is to reduce revenue losses. Monitoring your credit risk allows your executive management team to understand which potential clients may come at too high a risk and above your pre-identified risk tolerance.
Accounts receivable (AR) is any money your clients owe your business. Accounts receivable management is the system of processes you put in place to track that money. The processes are the same for accounts payable; eliminate paper, map work processes, complete & accurate information, collection process, risk management, factoring partners.
 Guidance to Wealth - The Millionaire Path for Coaches & Consultants
S9 W7 E25-28 The Millionaire Healing of Wealth Wounds IBGR.Network...The World of Business at Your Fingertips THIS WEEK’S THEME - The Millionaire Healing of Wealth Wounds This week, we will talk about The The Millionaire Healing of Wealth Wounds. You will want to listen to the next four episodes because they will help you understand your Wealth Wounds, identify them, challenge them, create new wealth stories and become your millionaire self.
It is critical to select quality suppliers that will provide excellent payment terms - great savings from early payment and the ability to go beyond 30 days. This is part of your brand association - it is just as important to have great suppliers as it is to have marquee customers
  Jeremy Gray – The Geriatric Entrepreneur
IBGR. Network. The World of Business at Your Fingertips Is retirement not for you? Me neither! I have always known that retirement did not hold any attraction for me. Those financial product advertisement promising early retirement never resonated. As Elizabeth Queen of England, who is still active at the age of 95, says “If I stop, I will drop.” In season 9 I will share with you my experiences running a consulting business that delivers the much targeted six figure income. I also invite you to join me, as I build my business plan to escape the tyranny of the clock which limits my earnings to the hours I work. Over the next five years I plan to build an income portfolio that will support my family into the future. Please join me as I plan that journey.  THIS WEEK’S THEME - The Millionaire Cash Flow & Liquidity Strategy
This week, we will talk about The Millionaire Productivity Hacks to get done more in less time. You will want to listen to the next four episodes because they will clarify the cash flow and liquidity strategy for coaches, consultants, entrepreneurs, and small businesses.
The focus on lean techniques has led to a demand based system for purchasing inventory. The goal is to keep your inventory levels at the lowest level possible and still meet customer demands. However, the fragility of the global supply system, how inventory is purchased, stored, and pulled has changed, begging the question - what is JIT+ as opposed to JIC (Just In Case).
 THIS WEEK’S THEME - The Millionaire Productivity Hacks - Doing More In Less Time
This week, we will talk about The Millionaire Productivity Hacks to get done more in less time. You will want to listen to the next four episodes because they will give you a clear idea of using productivity hacks to lower the overwhelm that so many of us face. We all have 24 hours in a day, the successful and not-so-successful. What are the Millionaire Productivity Hacks?   Jeremy Gray – The Geriatric Entrepreneur
IBGR. Network. The World of Business at Your Fingertips Is retirement not for you? Me neither! I have always known that retirement did not hold any attraction for me. Those financial product advertisement promising early retirement never resonated. As Elizabeth Queen of England, who is still active at the age of 95, says “If I stop, I will drop.” In season 9 I will share with you my experiences running a consulting business that delivers the much targeted six figure income. I also invite you to join me, as I build my business plan to escape the tyranny of the clock which limits my earnings to the hours I work. Over the next five years I plan to build an income portfolio that will support my family into the future. Please join me as I plan that journey. Strategic Planning: Essential or the Big Lie?  Guidance to Wealth - The Millionaire Path for Coaches & Consultants
S9 W4 E13-16 The Millionaire Relationships to take you from 5 figures to 7 figures IBGR.Network...The World of Business at Your Fingertips THIS WEEK’S THEME - The Millionaire Relationships - Keeping Customers for Life This week we are going to talk about The Millionaire Relationships to help keep customers for life You will want to listen to the next four episodes because they will give you a clear idea of how important the relationships are to take you to your business success. Understand the REAL cost of losing a customer, creating an Irresistible Customer Experience, A millionaire nurture sequence to keep existing customer and create a powerful customer emotional journey. You see it’s all about the Customer!
The cash conversion cycle makes it easier to assess the operational efficiency of a company in managing its resources. As it is true with other cash flow computations, the shorter the cash conversion cycle, the better the business is at selling its inventories and recovering money from these sales while paying vendors.
  Jeremy Gray – The Geriatric Entrepreneur
IBGR. Network. The World of Business at Your Fingertips Is retirement not for you? Me neither! I have always known that retirement did not hold any attraction for me. Those financial product advertisement promising early retirement never resonated. As Elizabeth Queen of England, who is still active at the age of 95, says “If I stop, I will drop.” In season 9 I will share with you my experiences running a consulting business that delivers the much targeted six figure income. I also invite you to join me, as I build my business plan to escape the tyranny of the clock which limits my earnings to the hours I work. Over the next five years I plan to build an income portfolio that will support my family into the future. Please join me as I plan that journey. SHOW & CHAPTER 13: ACTIVITY BASED COSTING OR HOW MUCH DOES IT REALLY COST? - WILLIAM EASTMAN25/4/2022
This is by far the powerful tool in your financial tool box. Using conventional accounting methods will provide you with gross margins, which leads to profitability, but without the ability to identify the highest margin products and/or services or customers. Also it calibrates your break even point with far greater accuracy.
 The Millionaire Work to take you from 5 figures to 7 figures
This week we are going to talk about The Millionaire Work to take you from 5 figures to 7 figures. You will want to listen to the next four episodes because they will give you a clear idea of how dedicated and focused work can make you a seven-figure earner. How to become an expert in your craft, how to maximize your presence on all platforms, become an influencer, and create your own tribe that follows you and makes you successful.
Managing Cash Flow starts with establishing a baseline for business operations - what is the bare minimum required to sustain you over time. Given the current state of the business, how much revenue is required to pay all bills on time over a defined period - a week, a month, a quarter.
 Guidance to Wealth - The Millionaire Path for Coaches & Consultants with Raj Kapur
S9 W2 E5-8 The Millionaire Mindset of Successful Coaches and Consultants IBGR.Network...The World of Business at Your Fingertips THIS WEEK’S THEME - THE MILLIONAIRE HABITS OF SUCCESSFUL COACHES & CONSULTANTS This week we are going to talk about The Millionaire Habits of Success Coaches & Consultants. You will want to listen to the next four episodes because they will give you a clear idea of how habits dictate our life and what Millionaire habits are and how to develop them and incorporate them into your life.   Jeremy Gray – The Geriatric Entrepreneur
IBGR. Network. The World of Business at Your Fingertips Is retirement not for you? Me neither! I have always known that retirement did not hold any attraction for me. Those financial product advertisement promising early retirement never resonated. As Elizabeth Queen of England, who is still active at the age of 95, says “If I stop, I will drop.” In season 9 I will share with you my experiences running a consulting business that delivers the much targeted six figure income. I also invite you to join me, as I build my business plan to escape the tyranny of the clock which limits my earnings to the hours I work. Over the next five years I plan to build an income portfolio that will support my family into the future. Please join me as I plan that journey. |
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