The Financial Operator Podcast: Cash In, Chaos Out | Ep. 64 | Selling Businesses With Purpose & Profit

Link to video podcast episode: https://youtu.be/2_N758pI-DM

Empowering Women in M&A: Rachel Boynton's Inspiring Journey 💼✨

🎙️ Welcome to the Financial Operator Podcast: Cash In, Chaos Out! Join host Jen Fizer as she talks with Rachel Boynton, a former human services worker turned business broker, about her journey from starting a home care service to building her own M&A firm. Rachel shares insights on how to prepare a business for sale, avoid common pitfalls, and the importance of tracking finances. She also delves into her mission to empower women business owners in an industry dominated by men. Rachel offers invaluable advice for business owners looking to sell, including real-life experiences and challenges faced during the process. Don't miss out on this detailed discussion packed with practical tips and inspiration! #BusinessBroker #WomenInBusiness #Entrepreneurship

00:00 Introduction and Guest Introduction
00:29 Rachel's Background and Journey into Human Services
01:12 Founding and Growing Life Share
01:38 Selling Life Share and Corporate Experience
02:07 Transition to M&A and Empowering Women Owners
03:24 Challenges and Lessons from Selling a Business
07:08 Importance of Financial Literacy for Business Owners
09:32 Navigating the Sale Process and Valuation
19:13 Preparing for Unexpected Challenges
25:52 Understanding Different Types of Brokers
34:11 Organizing Your Business for Future Sale
34:53 Personal Experience with Home Resale
36:01 Preparing Your Business for Sale
36:57 Financial Records and Business Valuation
37:50 The Importance of Planning Ahead
39:00 Navigating Buyer Expectations
41:04 Understanding Add-Backs and Working Capital
50:38 The Role of a Boutique Firm in Selling Your Business
52:59 Post-Sale Transition and Earnouts
01:01:46 Final Thoughts and Contact Information

#mkb #financialpodcast #financialoperator #businessowner #entrepreneurship #businessbroker #womeninbusiness #womeninleadership #womenentrepreneurs

The Financial Operator Podcast: Cash In, Chaos Out | Ep. 63 | Unlocking Potential With Virtual Staffing Solutions

Link to video podcast episode: https://youtu.be/D5E8-nEBYio

🚀 Join us as we kick off our newly branded podcast, 'The Financial Operator: Cash In, Chaos Out', with our inaugural guest, Scott Rammage from Hire VP! In this episode, Scott dives into his entrepreneurial journey, sharing insights on overcoming work-life balance challenges, leveraging virtual professionals, and the importance of believing in oneself. From starting multiple businesses to mastering the art of delegation, Scott reveals his secret to shifting chaos into cash. Tune in and discover how he successfully transformed the way he manages his business and life, and learn how you can do the same! 💼💡

To connect with Scott:
https://hirevp.us/

Don't forget to subscribe on YouTube for the latest podcast episodes and more from @mkbcfo

Do you have your own financial questions for MKB? Please visit:
Website: https://mkbcfo.com
Instagram: https://www.instagram.com/mkb_cfo/
Facebook: https://www.facebook.com/mkbcfo
LinkedIn: https://www.linkedin.com/company/mkbcfo

00:00 Introduction to the Podcast and Guest
00:52 Scott's Personal and Professional Background
01:26 The Evolution of Hire VP
03:31 Challenges and Lessons in Entrepreneurship
07:17 The Turning Point: Leveraging Virtual Assistants
11:47 Success Stories and Client Experiences
16:01 The Importance of Soft Skills in Hiring
17:47 When to Hire and the ROI of Time
23:14 Understanding Your Energy Limits
23:38 Hiring the Right Salesperson
24:54 Effective Onboarding Strategies
27:12 Creating Standard Operating Procedures (SOPs)
29:08 Promoting from Within
31:58 Overcoming Self-Limiting Beliefs
34:41 The Importance of Hiring and Delegation
39:43 Leadership Challenges and Growth
41:49 Conclusion and Final Thoughts

#millsknowsbills #mkb #financialpodcast #fractionalcfo #resilience #consistiency #businessfinance #businessowner #virtualstaffing #virtualassistant

Inside the Deal: Journeys in Business Acquisition | The MKB Podcast | Episode 62

Link to video podcast episode:

🎙️ In this insightful episode, host Jen Fizer and her guests, Micah and Drew Clukey, dive deep into the nuances of buying and selling businesses. 💼 The discussion highlights the importance of leveraging personal networks and the unique value brokers can bring in specific situations. It also covers crucial considerations when partnering in business, such as assessing compatibility and understanding the financial implications. Real-life experiences and lessons are shared, including the significance of thorough due diligence and surrounding yourself with a solid advisory team. Perfect for aspiring business owners, this episode is packed with practical advice and firsthand stories! 👥📊

00:00 Introduction: The Fun Side of Business Ownership
00:16 The Power of Networking in Business Deals
01:08 The Role of Brokers in Unique Business Transactions
02:40 Drew's Journey: Buying into a Family Business
03:58 Structuring Business Partnerships and Roles
07:21 The Importance of Due Diligence in Business Partnerships
11:51 Final Advice on Buying and Selling a Business
15:17 Conclusion and Farewell 🙌📈

To connect with our guests, please visit:
https://www.clukeyandtebault.com/

Don't forget to subscribe for the latest podcast episodes and more from @mkbcfo

Do you have your own financial questions for MKB? Please visit:
Website: https://mkbcfo.com
Instagram: https://www.instagram.com/mkb_cfo/
Facebook: https://www.facebook.com/mkbcfo
LinkedIn: https://www.linkedin.com/company/mkbcfo

#millsknowsbills #mkb #financialpodcast #fractionalcfo #businessfinance #businessowner #businesssales #businessacquisition #businesspartnership

Behind the Buy: Business Acquisition Insights | The MKB Podcast Episode 61

Link to video podcast episode: https://youtu.be/YFDm_fKlNhQ

👉Join host Jen Fizer for her debut episode on the MKB podcast! Jen, now also the new CEO of MKB, welcomes Micah and Drew Clukey of Clukey and Tebault to discuss the intricacies of business acquisitions. 🎙️ The conversation covers essential steps in the due diligence process, the importance of having a solid foundation for financial management 📊, and the challenges and opportunities in selling to private equity firms or individual buyers. Drawing from their own experiences and client interactions, the guests provide valuable advice for ensuring a smooth and successful business acquisition. Whether you're buying or selling, this episode is packed with insights to help you navigate the complexities of the acquisition process! 🌟

📌Tune in next week for part 2!

00:00 Introduction and Host's First Episode
00:12 Meet the Guests: Micah and Drew Clukey
00:35 Business Acquisitions: Key Insights
01:07 The Importance of Due Diligence
02:33 Foundations for Business Success
08:10 Private Equity and Business Sales
08:41 Steps to Prepare for Selling Your Business
12:35 Challenges of Selling to Private Equity
13:50 Selling to Individual Buyers
16:38 Real-Life Business Sale Examples
21:06 Connecting Buyers and Sellers

To connect with our guests, please visit:
https://www.clukeyandtebault.com/

Don't forget to subscribe for the latest podcast episodes and more from
@mkbcfo

Do you have your own financial questions for MKB? Please visit:
Website: https://mkbcfo.com
Instagram: https://www.instagram.com/mkb_cfo/
Facebook: https://www.facebook.com/mkbcfo
LinkedIn: https://www.linkedin.com/company/mkbcfo

#millsknowsbills #mkb #financialpodcast #fractionalcfo #resilience #consistiency #businessfinance #businessowner #businessacquisition

Profit Pitfalls: Overcoming Financial Missteps | The MKB Podcast Episode 60, Season 7

Welcome back to another episode of The MKB podcast! In this episode, host and current CEO of MKB, Mills Bender, is joined again by entrepreneur Trevor Cowley. Together, they dive into the critical aspects of business finance, accounting, and bookkeeping. Trevor shares his extensive experience across various industries, emphasizing the importance of detailed financial oversight. They discuss common issues like business owners not keeping track of finances, the challenges at different levels of business growth, and the essential need for accurate bookkeeping. This episode is packed with real-life insights and horror stories about financial mismanagement, aiming to help you avoid costly mistakes. Join us and learn how proactive financial management can save you money and stress!

00:00 Introduction and Guest Introduction
00:29 Trevor's Business Background
01:36 Challenges in Business Finances
04:38 Importance of Accurate Bookkeeping
06:01 Common Bookkeeping Mistakes
12:08 Conclusion and Final Thoughts

To connect with Trevor:
Instagram: https://www.instagram.com/realbusinessowners/
Website: https://joinrbo.com/

Don't forget to subscribe for the latest podcast episodes and more from @mkbcfo

Do you have your own financial questions for MKB? Please visit:
Website: https://mkbcfo.com
Instagram: https://www.instagram.com/mkb_cfo/
Facebook: https://www.facebook.com/mkbcfo
LinkedIn: https://www.linkedin.com/company/mkbcfo

#millsknowsbills #mkb #financialpodcast #fractionalcfo #resilience #consistiency #businessfinance #businessowner

Mindset Mastery: Turning Adversity Into Achievement | The MKB Podcast Episode 59, Season 7

link to video podcast episode: https://youtu.be/dyEPYcUijkg

Welcome to Season 7 of The MKB Podcast! Host Mills Bender, founder and current CEO of MKB, discusses strategies for business owners and variable income earners to manage their finances effectively.

Join host and current CEO Mills Bender in this episode as she chats with entrepreneur Trevor Cowley about what it takes to be a successful business owner. Trevor shares his inspiring journey of turning a debt-ridden business into a seven-figure success and how resilience, grit, and dedication played a key role. Learn about his experiences, the importance of consistency, and how he leverages his mental resolve from personal challenges to overcome business obstacles. Plus, dive into insights about the Real Business Owners (RBO) Mastermind and how it can help you connect with like-minded entrepreneurs. Don't miss this episode packed with valuable business insights!

To connect with Trevor:
Instagram: https://www.instagram.com/realbusinessowners/
Website: https://joinrbo.com/

Don't forget to subscribe for the latest podcast episodes and more from @mkbcfo

Do you have your own financial questions for MKB? Please visit:
Website: https://mkbcfo.com
Instagram: https://www.instagram.com/mkb_cfo/
Facebook: https://www.facebook.com/mkbcfo
LinkedIn: https://www.linkedin.com/company/mkbcfo

00:00 Introduction and Guest Welcome
00:43 Trevor's Business Journey: From Debt to Success
03:11 The Importance of Resilience and Grit
04:12 Pushing Physical Limits: The 1000-Day Challenge
05:00 Adapting to New Goals and Challenges
06:33 Balancing Business and Personal Life
09:40 Consistency and Overcoming Adversity
18:05 Applying Mental Resolve to Business
19:46 The Unseen Efforts Behind Success
20:57 Mindset: Who's in Control?
21:59 The Importance of Discipline in Business
23:53 Overcoming Overwhelm and Excuses
25:29 Maximizing Productivity and Focus
29:20 The Power of Mastermind Groups
34:38 Final Thoughts and Encouragement

#millsknowsbills #mkb #financialpodcast #fractionalcfo #resilience #consistiency #businessfinance #businessowner

Transition Talk: A New Era for MKB | The Mills Knows Bills Podcast Episode 58, Season 7

Link to video podcast episode: https://youtu.be/J1-d4vWCbd0

Join us in this special episode of The Mills Knows Bills podcast, where Mills Bender, the current CEO of MKB, records her final show before passing the torch to the new CEO, Jen Fizer!

In part two of an interview with Sean Casper, Mills takes the hot seat, revealing insights into the role of a fractional CFO, the growth of Mills Knows Bills, and her personal journey into financial literacy. Learn how MKB has assisted blue-collar businesses with their financial management, and discover how Mills’ passion for helping others led her to found the company. Additionally, Mills shares the seamless process of transitioning to a new CEO and sends her gratitude to all the clients and followers who have supported her work.

To connect with Jen, new CEO and host of The MKB Podcast:
jen@millsknowsbills.com

To connect with Sean and Coastal Investments:
Website: https://www.investwithcoastal.com/
Instagram: https://www.instagram.com/investwithcoastal/

Don't forget to subscribe on YouTube for the latest podcast episodes and more from @mkbcfo
Do you have your own financial questions for MKB? Please visit:
Website: https://mkbcfo.com
Instagram: https://www.instagram.com/mkb_cfo/
Facebook: https://www.facebook.com/mkbcfo
LinkedIn: https://www.linkedin.com/company/mkbcfo

00:00 Introduction and Major Announcement
00:31 Guest Introduction and Episode Overview
00:59 Understanding Mills Knows Bills
02:53 How Clients Find MKB
04:17 Mills' Journey to Becoming a Fractional CFO
07:41 Scope of Services for Blue Collar Businesses
10:49 Managing Client Load and Scaling
13:48 Personal Interests and Hobbies
14:43 Conclusion and Contact Information

#millsknowsbills #mkb #financialpodcast #fractionalcfo #alternativeinvestments #realestate #realestateinvesting #businessfinance #businessowner

Alternative Investments Made Accessible | The Mills Knows Bills Podcast Episode 57

Welcome to Season 7 of The Mills Knows Bills Podcast! Host Mills Bender, founder and current CEO of MKB, discusses strategies for business owners and variable income earners to manage their finances effectively.

Join Mills in this episode as she sits down with Sean Casper, a seasoned real estate professional and partner at Coastal Investment Company, a private real estate investment firm. Sean shares his journey from starting in residential real estate during the recession to managing 3000 agents at Compass, and now helping investors grow their portfolios through alternative investments. The conversation covers the benefits of diversifying into assets like multifamily, self-storage, and growth equity, the advantages of investing through firms like Coastal versus traditional stock portfolios, and how smart tax strategies can optimize returns. Whether you're a business owner planning an exit or simply looking to diversify your investments, this episode is packed with valuable insights on maximizing wealth through real estate and alternative investments.

To connect with Sean and Coastal:
Website: https://www.investwithcoastal.com/
Instagram: https://www.instagram.com/investwithcoastal/

Don't forget to subscribe on YouTube for the latest podcast episodes and more from @mkbcfo

Do you have your own financial questions for MKB? Please visit:
Website: https://mkbcfo.com
Instagram: https://www.instagram.com/mkb_cfo/
Facebook: https://www.facebook.com/mkbcfo
LinkedIn: https://www.linkedin.com/company/mkbcfo

00:00 Welcome and Guest Introduction
00:57 Sean's Background in Real Estate
03:36 Transition to Coastal
07:01 What is Coastal?
09:15 Investment Strategies and Returns
24:07 Tax Benefits and Strategies
29:49 Getting Started with Coastal
32:17 Conclusion and Contact Information

#millsknowsbills #mkb #financialpodcast #fractionalcfo #alternativeinvestments #realestate #realestateinvesting #businessfinance #businessowner