Mastering Finances: Strategies for Success with Sandra Simmons

The Money Mindset Mentoring Podcast

Steve Hamoen covers sales and marketing mastery to overcoming challenges, scaling through team development, and harnessing the power of mentorship for rapid growth.

Mastering Finances: Strategies for Success with Sandra Simmons

E115 • Apr 17, 2025 • 39 mins

Steve Hamoen and Sandra Simmons dive into essential financial principles, starting with "pay yourself first" and accounting fundamentals. Sandra shares insights from her global financial planning experience, discussing common mistakes and effective cash flow management. They cover planning for future expenses, business expansion, and reserve funds. Strategies for handling cash flow shortfalls, mindset shifts for managing financial stress, and the importance of budgeting and planning are explored. The episode highlights the significance of financial coaching, building networks, and introduces CashFlowMojoSoftware.com, emphasizing strategic financial planning and working on versus in the business.

Key Points

Flip the narrative by using cash flow management and planning to ensure the business owner controls the money, not the other way around.
Avoid making financial decisions based solely on the current bank balance; instead, plan and allocate funds for future needs and emergencies.
A well-structured budget helps determine when to raise prices, expand, and ensure that money is set aside for the business owner's future, making the business sustainable and profitable.

Speakers

Steve Hamoen

Host • 48%

Sandra Simmons

Guest • 52%

Chapters

0:00	Principle of pay yourself first and accounting essentials
0:42	Introduction to Sandra's global experience and financial planning systems
2:11	Common mistakes and cash flow management model
3:32	Planning for future expenses, business expansion, and reserve funds
5:08	Creating a bright future through strategic financial planning
6:14	Handling cash flow shortfalls and strategies beyond sales
8:27	The stress and mindset shifts regarding financial mismanagement
9:47	Roadmapping to success: budgeting and working on vs. in the business
12:50	Detailed explanation of the pay yourself first principle
15:08	Balancing financial allocations and handling missteps
17:33	Avoiding financial spirals and refocusing on business fundamentals
21:09	Income planning and product evaluation strategies
23:44	Accounting software and cash flow management
27:23	Financial stress, the value of coaching, and building networks
33:17	Introduction to CashFlowMojoSoftware.com
35:17	The overarching importance of budgeting and planning

Transcript

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