How to set the right money mindset for business success

Money! How to manage it, how to make the most of it, and how to attract more of it, are questions we’d all like answered and this week’s guest, Clare Wood, has some practical solutions.  Clare is a sought-after money mentor, author, speaker and CPA-qualified accountant who helps service-based businesses to scale. She also runs The Profit Academy, an online school created to help business owners increase their profits exponentially. When it comes to money management, Clare knows just what it takes to help business owners make more money and create a life of financial freedom and fun. Episode notes In this episode, Clare unpacks: 1:00 - From 2nd-gen numbers nerd to corporate finance 4:03 – Why helping small businesses make more money is her passion 8:44 – The basics of small business finance + key metrics to know 11:50 – The difference between profit and loss, cash flow + budget 13:55 – Cash flow tracking: Excel vs accounting software 17:40 – How to keep reaching your profit goals 19:10 – Why you DON’T have to tell your customers why you’re raising prices 22:20 – Understanding your money mindset – and how to change it 28:05 – The power of a growth mindset for entrepreneurs 29:05 – Sales strategies – growing your existing clients/customers 31:40 – Unlocking your money dreams and desires Learn more about your ad choices. Visit megaphone.fm/adchoices