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.
From Scarcity to Abundance: Mastering Profit First and Financial Growth Strategies
Join Steve Hamoen and Christian Brim as they delve into financial insights crucial for business growth. They explore the difference between revenue and profit using "Profit First for Creatives," emphasizing a strong money mindset. Discussing first money memories and overcoming scarcity, they advocate for an abundance mindset through value pricing. Learn about aligning compensation with client outcomes, the obligation to profit, and educating clients on financial metrics. Discover Profit First as a cash management strategy, setting targets, and essential skills for implementation. They also tackle stress management, debunk the growth myth, and highlight the power of incremental changes.
Key Points
- Understanding and implementing the Profit First methodology can transform a business owner's approach to finances by prioritizing profit and creating a sustainable financial structure.
- Shifting from a scarcity mindset to an abundance mindset is crucial for business success, allowing for better decision-making and more strategic growth focused on value and profitability.
- Small, incremental changes, such as setting aside 1% of revenue into a profit account, can lead to significant financial improvements over time and help mitigate financial stress.
Chapters
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| 1:19 | |
| 2:52 | |
| 5:09 | |
| 8:03 | |
| 14:12 | |
| 18:33 | |
| 21:48 | |
| 23:49 | |
| 27:26 | |
| 31:08 | |
| 34:37 | |
| 38:00 | |
| 41:48 | |
| 46:08 | |
| 47:13 | |
| 48:49 | |
| 51:00 |
Transcript
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