In today’s episode, Lori, a seasoned business owner since 1994, shares strategies for intentional wealth creation in business. She emphasizes the importance of income diversification, offering multiple services to different client segments, and the synergy between these services.
Lori provides practical advice on managing cash flow, reducing expenses, and making strategic investments in growth. She also discusses leveraging technology for efficiency and highlights networking and referrals’ role in wealth expansion.
Emphasizing profitability over revenue, Lori recommends the “Profit First” accounting method and underscores the need for careful tax planning and investment in business education.
Resources:
Are you frustrated that your business isn’t growing? “Messy to Magnetic: Unlocking the Secret to Effective Marketing” is a free course that goes over the top 10 mistakes small business owners make with attracting their ideal client and converting those clients to leads. Click here for your free gift!
Join Lori’s private Facebook group – Make Your Marketing Simple. Lori interviews her guests in the group (giving you advance listening!) and has a community of small business owners just like yourself to connect and grow their businesses. Join now!
Schedule a Website Biz Accelerator call. Answer just a few questions and Lori will audit your website for the ONE biggest change you can make to your site to get more clients. Schedule here!