Send us a text

PROFITABLE TALKS...

In this episode of The Profitable Creative, host Christian Brim and guest Mike Michalowicz explore the intricate relationship between creativity and analytical thinking in entrepreneurship. They discuss the challenges creatives face in understanding profitability and financial management, emphasizing the importance of a balanced approach that leverages both creative instincts and logical frameworks. Mike shares his personal journey through financial struggles and the development of the Profit First system, designed to help entrepreneurs manage their finances effectively. The conversation highlights the need for a shift in mindset regarding revenue and profit, advocating for a focus on financial health over mere revenue generation.

PROFITABLE TAKEAWAYS....

• Creatives often struggle with the analytical aspects of business.
• Profitability can be communicated in simpler terms.
• Most entrepreneurs lean towards creativity, which can hinder financial management.
• Avoidance of numbers is common among creatives, but they can improve.
• A simple system can help leverage natural instincts in financial management.
• Accountants may resist new systems like Profit First due to traditional training.
• Financial struggles are a common experience for many entrepreneurs.
• Revenue should not be the sole focus; profit is essential for sustainability.
• The perception of success often masks the reality of struggle.
• Entrepreneurs need to prioritize financial health over revenue growth.

Ready to turn your PASSION into PROFIT?!? Let's get CREATIVE ➡️
https://www.coregroupus.com/profit-first-for-creatives

Send us a text

PROFITABLE TALKS...

In this episode of Profitable Creative, host Christian Brim speaks with Drewbie Wilson of Call the Damn Leads about the importance of doing the work in entrepreneurship, defining success on one's own terms, and the balance between profit and time freedom. Drewbie shares his journey from sales to marketing, the challenges of financial management, and the significance of understanding one's worth. The conversation emphasizes the need for hard work, the reality of entrepreneurship, and the importance of following up on leads to achieve business growth.

PROFITABLE TAKEAWAYS...

• Doing the work is essential for achieving results.
• Many entrepreneurs struggle with the balance of getting leads and following up on them.
• Success is a personal definition that varies from person to person.
• Time, energy, and effort are finite resources that should be invested wisely.
• It's important to define what success means to you personally.
• Fast money often leads to fast losses; slow and steady wins the race.
• You must be willing to do the work, even when it's not enjoyable.
• Understanding your worth is crucial in business negotiations.
• Financial challenges often stem from ingrained beliefs about money.
• The right people will recognize your value and pay accordingly.

Ready to turn your PASSION into PROFIT?!? Let's get CREATIVE ➡️
https://www.coregroupus.com/profit-first-for-creatives

Send us a text

PROFITABLE TALKS...

In this episode, Christian Brim interviews Cameron Williams of Kynli Consulting, an accounting and fractional CFO consulting firm. They discuss Cameron's journey in starting his own consulting firm and specializing in working with marketing agencies. They also share some of their worst horror stories dealing with clients who struggle with numbers and financial management. The main theme of the conversation is the importance of communication and collaboration between accountants and creatives to ensure financial success. In this conversation, Cameron Williams and Christian Brim discuss common mistakes and misconceptions business owners have about taxes and accounting. They highlight the importance of clean finances and accurate record-keeping, as well as the need for effective tax planning and strategies. They also caution against fraudulent tax preparers and unrealistic promises of tax savings. The conversation emphasizes the value of working with a knowledgeable accountant who can provide personalized advice and guidance.

PROFITABLE TAKEAWAYS..

• Starting a consulting firm requires taking risks and learning from both successes and failures.
• Niche specialization, such as working with marketing agencies, can lead to significant growth and success.
• Creatives and marketing agencies often struggle with numbers and financial management, highlighting the need for accountants to bridge the gap.
• Clear communication and collaboration between accountants and creatives are essential for financial success.
• Cash flow is a common challenge for marketing agencies, and it can be addressed by managing distributions, loans, and credit card payments. Clean finances and accurate record-keeping are crucial for effective tax planning and compliance.
• Working with a knowledgeable accountant can help business owners navigate complex tax laws and maximize tax savings.
• Beware of fraudulent tax preparers who make unrealistic promises of tax savings.
• Tax strategies should be tailored to each individual's unique financial situation and goals.

Ready to turn your PASSION into PROFIT?!? Let's get CREATIVE ➡️
https://www.coregroupus.com/profit-first-for-creatives