Episode 104: Money: Stage 5 of 6 on the Small Business Roadmap (FS104)

The Fizzle Show

fizzle.co

Entrepreneurship, Business, Careers, Freelancing, Marketing, Small Business

4.8 • 648 Ratings

🗓️ 6 April 2015

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

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Summary

    <p><a href="http://fizzleshow.co/104">http://fizzleshow.co/104</a> - Now, in stage 5 of the small business roadmap, it's time to get into the nitty gritty: can this business idea of yours actually make enough money to support you in a meaningful way? This is a stage most of us are not well prepared for, typically diving in without any knowledge of the metrics, the movements or the models. That's what we break down for you into 7 steps in this conversation, taking you from "I made a dollar," to your Freedom Number™ (the amount of money you need to make your full time living from your business). You could have access to the best investors and the brightest business minds in the world. They *still* couldn't tell you if your idea's going to work with certainty. This money step is where the checks, balances and bounces prove your idea has heart enough to live on it's own or if it needs some more tweaking. Enjoy the conversation! (PS: If you're not already, <a href="https://itunes.apple.com/us/podcast/fizzle-show-honest-online/id656726654">subscribe in itunes</a> so you can get the next episode like direct deposits.)</p>

Transcript

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0:00.0	The three hobbits, they tapes are precious. Welcome to The Fizzle show.
0:12.3	Whoa, thanks, Smigel, aka Sean Kelly. This is The Fizzle show. Too many interesting small businesses fail because the founders,
0:22.2	though they had a great idea, they didn't understand the basics of sustainable, independent
0:27.0	business. So we fill in those gaps. Every Friday, we publish another conversation about
0:32.2	entrepreneurship, building a thriving audience, and the battle of supporting yourself doing
0:37.2	something that you care about.
0:39.0	Your hosts are, if we were types of cheeses, Corbett would be extra mature Wensleydale.
0:46.2	That sounds so Corbett. It takes time for it to reach maturity, but when it does, it makes your life awesome.
0:53.7	Barrett, it'd be Parmesan cheese.
0:56.1	We can sprinkle a little bit of it on anything,
0:58.1	and it makes what you have a lot better.
1:00.6	The Chase, that's me, would be cheese in a can.
1:04.2	You know it's full of shit, but you love it anyway,
1:06.8	and always wish you could have more.
1:09.8	Wow.
1:11.0	Just, I mean, I don't know if I should thank you or I guess I'll, thanks, Lucas.
1:18.9	This is the fifth in our six-part small business roadmap series.
1:23.4	Every day for six days, we're releasing a conversation about a brand new roadmap we're developing for indie entrepreneurs.
1:30.6	Now, in stage five of the small business roadmap, it's time to get into the nitty gritty.
1:36.5	Can this business idea of yours actually make enough money to support you in a meaningful way?
1:42.1	This is a stage that most of us are not well prepared for,
1:45.9	typically diving in without any knowledge of the metrics, the movements, or the models.
	...

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