PODCAST · business
Your Money Machine
by IBGR onAir Talent Russell Colbourne
Your Money Machine - With Russell Colbourne. Russell is an entrepreneur and Part Time or Fractional CFO with The CFO Centre in Adelaide South Australia. With 700 experienced CFOs across the globe, you can find out more about the CFO Centre and how they can help your business from their global website Thecfocentregroup.com In his Show - Your Money Machine, Russell takes you under the hood of your business engine and shows you how to fine tune your business. Get ready for lift off as Russell adds rocket fuel to your engine! Each episode has additional written information your might find helpful. Here is a complete listing of Show Notes. Want to continue the conversation? Add your thoughts in the comments section available at the bottom of each page of notes on the site. Simply click "read more" and let's get the conversations started! LISTEN to Russell's show LIV
Episodes
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Episode 13 - Season 5 Wrap
We will take a look back at the last season and recap how you can build a globally scalable, investable business based on the Founder Institute Pre-Seed Accelerator flagship program.
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Episode 12 - Strategic Funding
This episode is about sharing the most viable funding options available to new startups and how you can allocate the proceeds from fundraising. We will discuss the different types of investors and what they expect to see with respect to progress on team, product and traction. We’ll go over on how...
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Episode 11 - Growth
In this episode, we will talk about growth such as how you can define success for your business, the various tactics for growing your business, and how you can set growth goals and growth milestones to make sure you're on track.
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Episode 10 - Hiring & Onboarding
We will talk about what's an effective hiring process you can implement for a new business. We will also cover how you can determine what roles you need at the beginning of a business, how do you determine if you need a co-founder, how do you decide what to outsource and how you can source top...
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Episode 9 - Product Development
This episode is all about product development and how you can develop a product roadmap for your solution. We will discuss the techniques you can use to speak with your target customers to get feedback on your solution. We will also cover what human resources you should have available to build a...
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Episode 8 - Go To Market
It’s important to prioritize your go-to market initiatives at the beginning of your business. We will discuss how you can evaluate different models for growing the business, the ways you can develop marketing messages that resonate with your target customers and the best techniques to test...
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Episode 7 - Legal & IP
Today’s show answers how much does the law actually matter to your business and the key legal concepts that a Founder needs to understand. We will discuss the best practices in setting up a legal entity, how you can pick a law firm to work with, how you can identify and protect your intellectual...
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Episode - Branding & Design
Branding and design can help you develop a memorable brand, logo and name that will resonate with your target customers. We’ll go over the characteristics that make a good name and brand, the infrastructure you need when you pick your name, and the social media platforms you should be looking to...
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Episode 5 - Revenue Building
We will discuss the ways your business can survive before generating revenues and how you can identify the most lucrative revenue source for your business that is also attractive to your target customers. We’ll also cover some common challenges in picking a revenue model and the ways you can test...
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Episode 4 - Customer Development
Today’s show is all about helping you identify real customers and figure out whether they have a real problem that you can solve and what are the best tactics to identify target customers and encourage them to be interviewed for your market research.
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Episode 3 - Validating your Business Idea
Today I’m joined by James Rolevink, Founder of Noah’s Bark, and we’re talking about his experience with the Founder Institute Pre-Seed Accelerator flagship program and how the program transforms an idea and turns it into a globally scalable, investable business using a logical roadmap that leads…
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Episode 2 - Setting your Vision
Vision and values are the two things that drive most companies in terms of their growth and their ability to move from being an income stream for the owner to becoming a globally scalable, investable business. Your vision is what will carry you through the hard times to push you to achieve the...
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Episode 1 - Season 5 Intro
Today's show is an overview of what you can expect for Season 5. We’ll be following a structured path to building a globally scalable, investable business based on the Founder Institute Pre-Seed Accelerator flagship program that will create a logical roadmap to success. I’ll take you through some...
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Episode 13 - Season 4 Summary
Summary of Season 4 broadcast between January and March 2021.
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Episode 12 - Box 12 Strategic Funding
Whether you need working capital to support your growth, raise funds for a push into a newmarket, introduce a new product range or even have a requirement to raise funds for a new business venture, figuring out what you need to do and where to go can be difficult. With the advantage of “doing…
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Episode 11 - Box 10 Risk Assessment
Business risk analysis is an essential part of the planning process. It reveals all the hidden hazards, which occupy the business owner’s mind on a subconscious level but which have not been carefully considered and documented on a conscious level. Conducting and regularly reviewing business risk...
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Episode 10 - Box 9 Strategic Activities , Exit Planning and Implementation
Without a comprehensive, up-to-date business plan and an implementation timetable, companies may be missing out on opportunities for growth and not realising their full potential. A formal plan can be an extremely valuable tool for managing and growing a business, as it allows a company to...
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Episode 9 - Box 8 Cash Flow Management
Poor cash flow management can cause huge problems for even the most profitable businesses. Until you find and fix the cause of cash flow problems in your business then put systems in place for managing it, your company is at a very grave risk of failure. For the stark truth is without cash, your...
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Episode 8 - Box 7 Profit Improvement
There are only four ways you can improve your profits: sell more, get customers to buy more frequently, increase prices and reduce costs. If you can do all four at once, your profits will increase dramatically. Even changing one of these four factors will boost your profits.
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Episode 7 - Box 6 Reporting
To be successful, you and your senior managers need regular access to accurate insights into your business. You need to be able to spot problems when they first emerge; see what’s working; find opportunities, and recognise threats. When you know the reality of how your business is actually...
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Episode 6 - Box 5 Internal Controls
Internal controls are the procedures and methods used to help companies to achieve their performance and profitability targets and prevent the loss of resources/assets. They are also used to ensure financial reporting is accurate and reliable and that companies are compliant with regulations and...
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Episode 5 - Box 4 Banking Relationships
Developing a strong relationship with your bank provides tremendous benefits including offering necessary funding, preferential rates and better terms. Your bank can provide expert financial advice and help you to find solutions to financial challenges. It can also help you to grow your business...
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Episode 4 - Box 3 Outsourcing
Outsourcing is nearly always cheaper, more efficient, and more flexible than hiring in-house staff. You can use outsourcing to tap into expertise and experience not available in-house (technical or managerial) or to identify and then reduce the costs of support services.
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Episode 3 - Box 2 Tax Planning and Legal Issues
Managing your tax and legal responsibilities effectively is a critical skill and one that few SME owners possess. This show explains why getting specialist tax and legal advice is crucial for all SMEs and how doing so can be hugely beneficial for businesses and their owners.
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Episode 2 - Box 1 Compliance
With an ever-changing regulatory landscape, compliance can be a nightmare for any company. Not only do you have to keep up to date with laws and regulations but also ensure that you are implementing adequate controls and managing them effectively while at the same time maintaining normal...
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Episode 1 - The 12 Box Framework
Your business is Your Money Machine. In this show we take a look under the hood of your business engine and show you how to fine tune your operations. Get ready for lift off as we add rocket fuel to your engine.
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Season 3 Recap
Recap of the issues we discussed during Season 3 and the highlighting some of the main challenges for businesses today in preparing for 2021.
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Funding your Mission
The key issues that affect the capital requirements of your business and what capital items on your balance sheet need to be financed.
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Leaving Earth's Orbit - Are you ready for Exponential Growth?
Are you sure you’re ready for exponential growth? Getting your mindset right to transition from business owner to CEO.Are you prepared to give up some control and trust others to help you build? As well as ensuring all your systems and standard operating procedures have been documented and are in...
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Preparing for Lift Off - Understanding your Income Ratios
Income ratios provide a key insight to your business and offer a comparison to others in the same line of business. Ratios can reveal inconsistencies and efficiencies which then allows you to work on specific areas of your business to produce the maximum return for your efforts. Having relevant…
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Choose your Customers Wisely - Removing Excess Baggage
Most companies deal with many customers. Inevitably, some customers are more profitable than others—and you can’t make sound business decisions without knowing which is which. Understanding which customers are most profitable, gives you the basis for marketing, inventory and pricing strategies.
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Fine Tuning your Products and Services
Most companies deal with more than one product or service. Inevitably, some products/services are more profitable than others—and you can’t make sound business decisions without knowing which is which. Understanding which products or services are most profitable, gives you the basis for…
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Standard Operating Procedures
Standard Operating Procedures are the results of all the hard work we’ve been discussing over the past few weeks. Once you’ve set up your reporting rhythms and are confident of being able to measure how you’re doing on a regular basis, you can review your costs with Activity Based Costing…
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Mission Control Value Mapping
Value Stream Mapping is a lean methodology for identifying waste within your systems and processes. Before embarking on a program of business growth you need to ensure your business is as efficient and effective as you can make it, so that when you grow you get the most profitable outcome. By…
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The ABC of Rocket Ship Accounting
ABC or Activity Based Costing is simply a way or assigning overheads or fixed period costs to either production costs or servicing costs. ABC divides production or services into core activities, defines costs for those activities, and allocates those costs to products or services based on...
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Reporting Rhythms
As a business owner, the following 3 Statements are your friend because together provide the details of business performance: Monthly Balance Statement or statement of financial position Monthly Income Statement (or Profit and Loss Statement) Monthly Cash Flow Statement These 3 statements need to...
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Season 3 Overview
Today's show has a singular purpose, overview what you can expect for Season 3 in the area of Finance for Stage III companies. Even if you not at this stage, it is a smart move to understand what is coming next or what you can forward to as the business performs to its full potential.
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ABOUT THIS SHOW
Your Money Machine - With Russell Colbourne. Russell is an entrepreneur and Part Time or Fractional CFO with The CFO Centre in Adelaide South Australia.
With 700 experienced CFOs across the globe, you can find out more about the CFO Centre and how they can help your business from their global website Thecfocentregroup.com
In his Show - Your Money Machine, Russell takes you under the hood of your business engine and shows you how to fine tune your business. Get ready for lift off as Russell adds rocket fuel to your engine!
Each episode has additional written information your might find helpful. Here is a complete listing of Show Notes. Want to continue the conversation? Add your thoughts in the comments section available at the bottom of each page of notes on the site. Simply click "read more" and let's get the conversations started!
LISTEN to Russell's show LIV
HOSTED BY
IBGR onAir Talent Russell Colbourne
CATEGORIES
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