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The BizChix Podcast:  Female Entrepreneurs | Women Small Business | Biz Chix

444: How to Keep More Money From Your Biz

The BizChix Podcast: Female Entrepreneurs | Women Small Business | Biz Chix

Natalie Eckdahl

Entrepreneurship, Business, Management

4.8630 Ratings

🗓️ 5 November 2020

⏱️ 27 minutes

🧾️ Download transcript

Summary

Think about how much money you personally took out of your business in the past 6 months. If your answer is zero, then you’re most likely running a hobby, not a business. 

In line with my goal to help women prosper in all areas of life, I am sharing 8 strategies that will help you keep more money from your businesses. Because by creating more profit and taking more money, women are able to improve the quality of their lives, including the people around them.

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This episode was first published at BizChix.com/444. Subscribe to our sister podcast, Stacking Your Team, on your podcast app or at BizChix.com/category/team.

Transcript

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0:00.0

Does it seem like you could be keeping more money from your business?

0:04.1

Today, I share eight strategies to help you on your profit journey, and I'm sure at least one of

0:11.0

them is going to meet you right where you are.

0:18.6

Before we dive in, may I welcome you to the Biz Chicks podcast.

0:22.9

I'm your host, Natalie Eckdal.

0:25.2

I'm a business strategist, beach lover, out-of-the-box thinker, author, speaker, mama, caregiver, MBA,

0:33.8

and CEO of Bizchicks, Inc.

0:35.8

I'm obsessed with helping women entrepreneurs grow and scale their

0:39.3

businesses while retaining more profit, delivering more impact, and creating more time for their

0:45.6

VIPs. My VIPs are my husband Mark and our three children ages 6 to 18 and are Bengal kittens,

0:53.8

Missy and Max. I have a very full life running a home

0:57.5

family and this dream business where we coach and train high performing women entrepreneurs

1:03.0

from around the world. Currently, I actually have three teams helping me run my life, the amazing

1:09.8

bizhicks team, my incredible home support team,

1:13.3

and a wonderful team of caregivers helping my mom. My favorite thing to encourage other women

1:18.4

is to get as much help as they can afford. And may I remind you that just because you can do

1:24.2

something does not mean that you should.

1:33.3

When I started working as a business coach,

1:35.6

I began to see a trend.

1:38.0

Many women were growing businesses,

1:43.4

but they were not actually paying themselves a market-based wage, which is what you could hire someone to take over your

1:46.9

role in the business, let alone a living wage. They often did not have a plan for the money that

...

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