Small Business Finances with Paul Childers

In episode 50 of The Kitchen Table, Ken Baden is joined by the CEO of Blue Sky Business Solutions, Paul Childers, to discuss the importance of prioritizing one's financial well-being. They also share their personal experience of not understanding how to pay themselves and neglecting their own financial stability.Tune in to gain valuable business insights and learn financial self-care.TIMESTAMPS[00:01:00] Shifting to Business Personas.[00:04:26] Working Towards a Huge Expansion.[00:08:48] Business Credit and Financial Separation.[00:13:02] Starting a Roofing Company.[00:16:18] Paying Yourself and Financial Self-Care.[00:19:10] Finding a Business Mentor.[00:23:15] Business Partnerships and Growth.[00:26:31] Weather and Construction Challenges.In this episode, Ken Baden and Paul Childers give importance to prioritizing their own development and recognizing the importance of investing in themselves. They even encourage listeners to determine the minimum amount they need to pay themselves and ensure they prioritize their own financial stability.Furthermore, Ken and Paul discuss the need to make wise financial decisions and avoid impulsive purchases that won't provide a return on investment. They highlight the importance of analyzing financial statements and considering whether a purchase will contribute to long-term financial success. By making informed decisions and focusing on financial stability, individuals can avoid situations where they haven't paid themselves even after investing in their business.QUOTES"A lot of these guys don't like their numbers. They want to sell. They want to work. They want to do their job. So let's make the numbers make sense to them and interpret them in a way that connects with what driving to do so that they start to care about them." - Paul Childers"Let's at least figure out what that bare minimum is that we can do and figure out how to do that right away so that you learn that right away, so that as you expand and you grow and you get bigger, that money just expands and grows and, you know, it gets bigger with you so that that stress doesn't follow you along." - Paul Childers“Once you go from just being you and you get a couple people on your team, you're responsible to those folks, man." - Ken Baden"Don't be the typical entrepreneur who suffers in silence and can't figure stuff out because you're scared because you think you're gonna get judged." - Paul ChildersSOCIAL MEDIA LINKSKen BadenInstagram: https://www.instagram.com/officialkenbaden/Facebook: https://www.facebook.com/TheKenBadenPaul ChildersInstagram: https://www.instagram.com/pachildersFacebook: https://www.facebook.com/paul.childers.731LinkedIn: https://www.linkedin.com/in/paul-childers-a9bb64180/WEBSITES:The Kitchen Table Podcast: https://thekitchentablepodcast.net/Blue Collar Ballers Union: https://bluecollarballersunion.com/BlueSky Biz Solutions: https://blueskybizpro.com/