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The Chris Harder Show

178: Profit Talk: Feel Confident With Your Numbers with Diana House

The Chris Harder Show

Chris Harder

Entrepreneurship, Business

4.91.5K Ratings

🗓️ 19 November 2018

⏱️ 49 minutes

🧾️ Download transcript

Summary

In This Episode You Will Learn About:

  • How Diana began her path into entrepreneurism
  • Advice for selling a business
  • Working alongside her husband
  • Crowdsourcing funds
  • The importance of managing your finances from day one
  • Believing you can make a profit
  • What Diana learned at a Tony Robbins event
  • Where to begin to better understand your finances
  • Why people avoid numbers
  • The two paths in business
  • How Diana helps her clients
  • CFO report and why you need to read it
  • Who should work with Diana

 

Resources:

 

Show Notes

I'm so excited for today's episode, because I got to sit down and talk with Diana House. Diana is a lawyer turned serial entrepreneur, and has built and sold not 1, but 2 companies. She is the real deal. Diana has been honored and recognized as a top female entrepreneur, and now runs a private financing and commercial real estate investing company, Fast Forward Ventures, with her husband.

Today, Diana and I talk profit! That's right, we are reminding you that profit is what's important, and how not to get tripped up along the way. We also talk about building companies, as well as selling them, and what people may not realize about the process. What Diana has to offer is sure to be a gamechanger for you and your business. Be ready to learn how to love your numbers, and if you aren't there yet, how to get over that fear surrounding them. This episode is sure to help you get to the next level in your life.

 

Question Highlights:

  • What created the person you are now?
  • Where did you turn when your family didn't understand the path you began to take?
  • Do you have any advice for people trying to sell a business?
  • What did it feel like to be ambitious about a company you knew was doing good and not just creating profit?
  • Do you have advice for working together as a couple?
  • What insight can you offer around crowdsourcing funds?
  • Who should consider crowdfunding?
  • Why is it so important to manage finances from day one?
  • How do you know if you finances are out of whack?
  • Do people avoid their numbers because of ego or fear?
  • How do you help your clients?
  • Who should be contacting you for help?

 

Quotes

"People really underestimate how long it takes to sell, and it often takes years."

"I'm all about building real, cash flow businesses"

"Once the mindset is there, the second step is really awareness."

"Whether you're going to keep a business forever, or you're going to sell, profit is actually the most important thing."

"I think entrepreneurs are some of the most generous, loving people. Their "why" and their values for the business are very important, and I don't ignore that."

 

Diana House is a lawyer turned serial entrepreneur who is obsessed with empowering entrepreneurs around their business finances. She has been featured as one of the top female entrepreneurs in Canada by the w100 and also recognized as a top 20 under 40 entrepreneur by Business London.

Diana has built a highly profitable 7 figure company, been on Dragon's Den (the Canadian version of Shark's Tank), done a successful crowdsourcing campaign and sold two businesses in the e-commerce space. She now works with her fellow entrepreneur husband on Fast Forward Ventures a company focussed on private financing and commercial real estate investing.

Diana currently consults 1-on-1 with entrepreneurs on their business' finances and is writing "the" book and course on entrepreneur finance "by an entrepreneur."



Follow me on social media @ChrisWHarder on Instagram and check out www.ForTheLoveOfMoney.com

Transcript

Click on a timestamp to play from that location

0:00.0

If you have a bunch of successful entrepreneurs in a room and you ask them, like,

0:03.2

how's your money mindset, most of them will tell you that it's good.

0:06.8

And they're like, no, I believe, like I can get to seven figures, I can get to

0:10.3

multiple seven figures, I know I can sell, but there's a different kind of mindset that I'm seeing as the

0:15.6

pain point and that is the profit mindset.

0:20.0

Welcome everybody this is for the love of money where we are making you

0:26.4

unapologetic about your pursuit of success by sharing the tools tips and

0:31.4

stories of those who have already made it. My name is Chris Harder, and each

0:36.4

week I will bring you incredible guests in order to prove that when good people make good money,

0:42.4

they do great things.

0:44.0

Hey everybody, welcome back to another amazing episode of For the Love of Money

0:52.0

and I'm really excited for today's episode because I actually get to sit down with someone who I really admire a Diana House and talk profit.

1:00.0

Yes, we are going to remind you that it's not just top line revenue that you're after, but it's profit that you have to pay attention to.

1:08.0

And we're going to teach you all the little hacks and some of the areas where you get tripped up along the way I cannot wait for you to

1:14.8

hear what Diana has to teach you.

1:17.1

I promise it's going to change the game for your business.

1:20.1

And speaking of changing the game for your business,

1:22.6

I got to remind you, there's only a handful of spots left

1:25.8

for the 2019 elite mastermind family.

1:29.1

That's exactly what I call them, a family.

1:31.6

Now listen, if you are a multiple six-figure entrepreneur or if you

1:35.0

just squeaked over seven figures in 2018 and you're looking to learn how to get into multiple

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