On today's episode of the podcast I talk with Melissa Houston, CPA and financial strategist for CEOs, about the importance of profitable businesses and increasing your networth. 

Melissa helps successful business owners increase their profit margins to keep more money in their pocket and increase their networth. she is a columnist at Forbes and host of the Business Society podcast. 

Small businesses benefit from a fractional CFO, a part time CFO for your small to medium-sized business (solopreneur to 10-50 employees with 7-8 figures a year) important to do your financial planning. A different look at small and medium sized businesses than the tax code that typically defines a small business as under $25 million in revenue. 

Too often business owners are focused on revenue, but if you're not bringing in and growing your profit, you're not going to last. 82% of businesses fail due to financial mismanagement because either you're spending more money than you're making...

On today's episode of the Unf*ck Your Biz podcast I review my March profit report and discuss my plans for Q2. If you’re new to the podcast, check out episode 186 where I reintroduced Profit Reports back to the podcast. 

I don't think enough business owners share their numbers and if I'm teaching you how to be more profitable in your business, I think it's important to share more about mine. I'm starting to call it the client to piggy bank pipeline - how to get more of the money you're getting from your clients into your personal bank account while saving for taxes, covering expenses, and legally protecting the money that you're making from lawsuits or fines. Every business looks different, so consider my profit report just an example.

My goal for year is to have $15,000 months, so a $45,000 Q1. I slightly exceeded my goal in January with $16,000. February was a bit of a down month with $9,000. I did a lot of promotion in January. In February a lot of the...

On today's episode of the Unf*ck Your Biz podcast I review my January profit report. 

I am passionate about helping business owners build profitable businesses and increase their take-home pay. By sharing my own profit reports and how I plan for my own business and personal expenses, it is my goal to help othe business owners put these topics into context for themselves and increase your profit. If you’ve missed my previous Profit Reports, check out episode 186 where I reintroduced Profit Reports back to the podcast. 

To start, I want to share a few of my goals for the year. One of my big goals is to work with my marketing virtual assistant to book 25 PR spots per quarter, anything that gets me in front of other people’s audiences such as podcasts, speaking at conferences, summits, bundles, guest blog posts, etc.   I’m also focusing on my number of podcast downloads and less on my social media metrics. This year I am really doubling...

On today's episode of the Unf*ck Your Biz podcast I break down profit margins and how to use your marginal profit information to guide your business decisions.

This episode of the Unf*ck Your Biz with Braden podcast is sponsored by my program, The Profit Rx.

Profit margin is the percentage of your revenue, that is profit. We calculate this by taking your profit in dividing it by revenue.

This episode is brought to you by my new program The Profit Rx. If you've been following along here on the podcast, you know that the doors opened to the Profit Rx officially, a couple of weeks ago. The Profit Rx is your prescription to help you build a healthy and wealthy business. Help you avoid that financial anxiety. pay yourself more. tackle your taxes. All of these good things. For all of the information you can go to theprofitrx.com. You can join us on our twice weekly Co-working calls, Finance Fridays, get all of the good stuff, so go check it out.

In today's episode. I am going to be explaining to you all about the profit and loss statement, so what a P&L is, Um, how they work and in order to do that, I'm actually going to be walking you through an excerpt of our Profit Rx textbook.

So a P&L, or a profit and loss is also often referred to as an income statement. That's like the more official term for most accountants, but I like P&L, because it's...

Today on the podcast I'm breaking down our relationships with debt and discussing the question, "is debt really that bad?"

When it comes to relationships with debt, people tend to fall in one of three camps.

1. Debt is evil, terrible, and should never be used

2. Debt should be avoided (most the time), but makes sense in certain circumstances)

3. Debt is a tool! Use it to your advantage.

Camp #1 that feels debt is evil, terrible and should never be sued is lead by the Dave Ramseys of the world, focusing on his framework of baby steps to save for emergency funds, focusing on the snowball method of paying off debt (except your house), saving 3-6 months expenses in a full emergency fund, then focusing on saving 15% of household income for your retirement, then save for your child(ren)'s college, then pay off your home early and start building wealth. I focus on the first four since children and a house are not the realities for everyone however I struggle with step...

On this episode I'm bringing an official end to The Money Series by recapping the financial information and resources my guests and I have shared over the last couple months.

Today on the podcast we’re bringing an official end to The Money Series. If you’re new to the podcast, my guests and I have been sharing information and resources for the last couple of months about money – everything from increasing sales to bookkeeping to taxes. These topics can seem like a total drag, but they’re critical to our business success and I only have fun friends who can make something as stressful as back taxes sound exciting!

I’m rounding-up 10 of the top tips my guests and I shared over the last couple of months and giving you the next step to take after The Money Series – Unfuck Your Finance, available this week only.

To listen to the full episode of the money tips shared on today's episode, check out the following

1. Episode 123...

On this episode, I chat with Sarah Hawkey, founder of toRISEtogether and creator of The Money Studio, about how she tackled all her debt in three years. Sarah also shares her best tips to get started with budgeting and debt management.

This episode is sponsored by my FREE training: 3 legal & tax mistakes made by new & experienced business owners and how you can avoid them. [Sign up for this free Masterclass here, and get ready to unf*ck your biz](https://www.bradendrake.com/masterclass).

On this episode, I chat with my guest, Sarah Hawkey, founder of toRISEtogether and creator of The Money Studio, about balancing debt payments with saving for an emergency fund and and saving for retirement.

toRISEtogether is a collection of creative freelancers getting their money shit together as a community so they can focus on being creative. The Money Studio is to help creatives do the work to create the life they dream and remove worries about money.

...

On this episode, I chat with my guest, Sarah Hawkey, founder of toRISEtogether and creator of The Money Studio, about balancing debt payments with saving for an emergency fund and and saving for retirement.

This episode is sponsored by my FREE training: 3 legal & tax mistakes made by new & experienced business owners and how you can avoid them. Sign up for this free Masterclass here, and get ready to unf*ck your biz.

On Tuesday episodes we answer questions from my Facebook group, Braden's Bestie's. Today Sarah answers the question "If you're starting from scratch saving money and paying debt, how would you prioritize between 1) building an emergency fund of around $3,000, 2) paying your quarterly taxes, 3) saving your first few thousand dollars toward retirement and 4) paying down about $3,000 in high-interest consumer debt? Do you do them all at the same time or in a certain order?"

Sarah suggests you need to cover your ass with an emergency fund...