Turning Business Flaws into Learning Opportunities: Strategies for Growth

She Means Profit

English - October 09, 2023 04:00 - 19 minutes - 13.4 MB - ★★★★★ - 5 ratings
Entrepreneurship Business entrepreneurship financial business finances money coach money mindset financial freedom financial management money management financial coach Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed

Previous Episode: Profiting Together: Making 2023 a Landmark Year for Business

Next Episode: Maximizing Cash Efficiency in Business

“Every business owner has made mistakes along the way, but the secret to success is learning from each mistake.”

—Melissa Houston

What makes a business successful? It’s how you turn mistakes into opportunities to improve and grow your way to success.

Mistakes are not to be seen as weaknesses if you are a business owner. These must be seen as valuable lessons that can help you on your way to success. No successful business earned their way up without failing along the way and learning from the mistakes they made.

But just because mistakes are part of a successful business does not mean that it is right to commit them repeatedly. This episode talks about five tips on how business owners can learn from common mistakes in growing a business.

Listen to learn:‌

Why making mistakes is absolutely normal for every business ownerWhy most business owners need to have a business financial planWhy tracking expenses is important in every businessHow must business owners price their products or services profitablyHow business owners should separate emotion from smart-making decisionsHow to use data to help business owners improve their business

Highlights:‌

03:51: Common mistakes by Small Business Owners
06:21: First tip - How to build a business financial plan
09:24: Second tip - How to avoid failing to track expenses in business
11:11: Third tip - How to price products or services profitably
11:27: Unlock Your Profit Potential with These Smart Pricing Strategies podcast
12:58: Fourth tip - How emotions get in the way of smart making decisions
14:47: Fifth tip - How data improves one’s business
15:45: The Cash Confident Framework course

Links:‌ ‌

Cash Confident: An Entrepreneur's Guide to Creating a Profitable Business Unlock Your Profit Potential With This Smart Pricing Strategy Cash Clarity Course Apply to Work With Me Main website Mini-course: The Debt Repayment Calculator Mini-course: Pay Yourself Mini-course: Personal Net Worth Calculator Mini-course: The Ultimate Budget Binder

Follow me on:

IG: @melissahoustoncpa
LinkedIn: @melissahoustoncpa