I know, I know, I say this every time I share an SS Feature – but this podcast interview with Jenna Kutcher on the Goal Digger Podcast Episode 56 : How to break down your business finances is quite possibly my favorite. It’s SOOO good guys!

While this Episode of the Goal Digger Podcast is called “How to break down your business finances.” We actually just talk a lot more about building a business that supports the life you actually want  and other topics including :

• How and why I take sabbaticals each year and how others have been inspired to do the same.
• Why defining success is a crucial first step in growing your business.
• How much money do you need? And how knowing that number helps with pricing?
• How to get started and quick tips to start understanding your finances.

Goal Digger Podcast Feature

How to take the fear out of knowing your numbers

I met Jenna back in 2016 at the Illume Retreat and was wow’d by her presentation on outsourcing and building a team. You don’t have to know me long to know asking for help does not come easily to me. Agh! I’m working on it!

At that retreat I walked attendees through my “dream boat” exercise and talked through my four Core Motivators™ for defining success (something I now only share inside my Blueprint Model business curriculum). I remember Jenna sat in the back and at the end of the presentation and exercise said “What if I don’t want more money, I want more time.”

I believe there are two essentials in growing a business : Time (that makes it sustainable) and money (that makes it profitable), both work together to make it LAST! One working without the other will only work for a short time.

Fast forward about six months and Jenna was taking off for her first month-long sabbatical in Hawaii! I received a very unexpected text from Jenna at the airport thanking me for our time at Illume and telling me how this sabbatical was a direct result of that conversation.

I truly do believe a few simple (but not easy) steps can make all the difference in our businesses. Taking sabbaticals, steady paychecks and feelings of success and happiness often come back to the basics, the fundamentals. I’m excited to break those down with Jenna and hopefully take some fear out of looking at your numbers!

Tune into the entire episode : Goal Digger Podcast Episode 56 Breaking Down Business Finances with Shanna Skidmore

A few highlights include :

• How I started talking about money in an industry that tends to avoid the conversation and how to found your direction even if you’re not sure about your “passion” (2:30)
• How I take a month-off in July every year and how that inspired Jenna to start taking her own month-long sabbatical (4:15)
• How taking a sabbatical, rest and success are all connected (7:30)
• A sneak peak at Shanna’s four Core Motivators™ for defining success available only through The Blueprint Model curriculum (9:19)
• How to charge for your passion and how to overcome the fear of money (18:00)
• How knowing your numbers will keep you from playing the “secret shopper” price comparison (23:00)
• Where to start when you don’t know where to start? (25:30)
• How seeing your numbers will really help you work smarter not harder in your business (29:30)
• How to create a positive mindset about money (33:00)
• How to determine your value and the value of your time (37:00)
• Track your time!!! (39:00)
• How to avoid the wrong hustle, and instead hustle smart (42:20)
• How slowing down can be integral in making it better (43:30)
• What are the few things I can do to very well that are going to move me forward in my definition of success?  (44:40)

The resources mentioned include :

• • The Illume Retreat
  • The Blueprint Model