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Improve Efficiencies & Earn More Profits!

CLICK TO GET YOUR FREE 8 STEPS TO $100,000 in TAKE HOME PAY eBOOK

Episode 268 – The Local Small Business Coach Podcast  Why You Need a Simple Employee Checklist

Every small business owner dreams of building their business. Creating more sales and more profits. I often hear how they feel frustrated by their employees. Either the employee turnover is high, they can’t find good help or the employees just seem to always stopping and asking questions.

Both of these problems can actually be helped by having an employee checklist in place. An employee checklist will create a roadmap for the employee to stay on task and be more efficient. These leads to happier employees and more of your time being given back to you now that you don’t have to constantly stop to address issues.

In this episode, we dive into a few examples and why each of you, whether you have employees or not, should always have a checklist in place for most jobs or services you provide.

Listen below.

Tammy

Listen to the Local Small Business Coach Podcast Below or on Your Phone: 

Local Small Business Coach Podcast: 
Why I Believe You Can Earn $100,000 in Take Home Profits:
Why I Believe You Can Earn $100,000 in Profits in Your Business - YouTube

Join the Conversation in our Badass Local Small Business Owners Facebook Group!

Don’t forget to shoot me an email on any topic or question you would love for me to cover in an upcoming episode of the show. Just send your ideas to tammy@localsmallbusinesscoach.com.  ~

HELPFUL LINKS

The post Why You Need a Simple Employee Checklist appeared first on Local Small Business Coach.

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What is Keeping You From Being on Top of Your Business?

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Episode 267 – The Local Small Business Coach Podcast  RANT – Why You Need to Know Your Dang Numbers

I have had several coaching calls and one on ones the past few weeks and I’ve been coming across folks that still aren’t diving into their business numbers. By having their head in the sand, they are costing themselves thousands of dollars in profits and sales.

Why do you insist on working harder and harder vs just working smarter?

What is Keeping You From Being on Top of Your Business?

Here is the link to the latest YouTube video I mention in the podcast:

How to Calculate Your Personal Hourly Wage

Listen below.

Tammy

Listen to the Local Small Business Coach Podcast Below or on Your Phone: 

Local Small Business Coach Podcast: 
Why I Believe You Can Earn $100,000 in Take Home Profits:
Why I Believe You Can Earn $100,000 in Profits in Your Business - YouTube

Join the Conversation in our Badass Local Small Business Owners Facebook Group!

Don’t forget to shoot me an email on any topic or question you would love for me to cover in an upcoming episode of the show. Just send your ideas to tammy@localsmallbusinesscoach.com.  ~

HELPFUL LINKS

The post RANT – Why You Need to Know Your Dang Numbers appeared first on Local Small Business Coach.

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Focus on a Smaller Area to Earn More Profits

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Episode 266 – The Local Small Business Coach Podcast  The 5 Mile Radius Rule for Your Local Business

So how far do you search for business?  Do you travel 5 miles? 10 miles? Up to 50 miles? What if I told you that the vast majority of your business should be coming from within a 5-mile radius?  Most neighborhoods have thousands of potential customers within any 5-mile radius. The key is to focus on solving a pain point that many of the folks in that area are searching for.

Too often we try and shotgun all over the place vs using a sniper rifle in a small area. By going all over the place, you are costing yourself profit by wasting time driving all over the place. Once you back out your drive time and costs, you are making less than you thought. This is time you could have taken a closer job making more money.

In this episode, we take a deeper dive into why this is an important concept and when is the best time to go beyond the 5-mile radius rule!

Listen below.

Tammy

Listen to the Local Small Business Coach Podcast Below or on Your Phone: 

Local Small Business Coach Podcast: 
Why I Believe You Can Earn $100,000 in Take Home Profits:

Join the Conversation in our Badass Local Small Business Owners Facebook Group!

Don’t forget to shoot me an email on any topic or question you would love for me to cover in an upcoming episode of the show. Just send your ideas to tammy@localsmallbusinesscoach.com.  ~

HELPFUL LINKS

The post The 5 Mile Radius Rule for Your Local Business appeared first on Local Small Business Coach.

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What Exactly is Your Business Paying You Each Hour?

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Episode 265 – The Local Small Business Coach Podcast  Using Your Profit & Loss to Determine Your Hourly Wage

As a small business owner, your goal is to create a better a better life & income for yourself. But have you ever stopped and figured out what exactly you earn an hour?

Sure you work tons of hours, but what exactly to you make?

What if you could take your profit & loss statement and the number of hours you work, and using a simple calculation, determine what you make?

This is especially helpful for anyone who pays themselves out of the business profits vs a typical paycheck.

Listen below.

Tammy

Listen to the Local Small Business Coach Podcast Below or on Your Phone: 

Local Small Business Coach Podcast: 
Why I Believe You Can Earn $100,000 in Take Home Profits:
Why I Believe You Can Earn $100,000 in Profits in Your Business - YouTube

Join the Conversation in our Badass Local Small Business Owners Facebook Group!

Don’t forget to shoot me an email on any topic or question you would love for me to cover in an upcoming episode of the show. Just send your ideas to tammy@localsmallbusinesscoach.com.  ~

HELPFUL LINKS

The post Using Your Profit & Loss to Determine Your Hourly Wage appeared first on Local Small Business Coach.

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Breaking Down Your Processes Doesn't Have to Be Hard

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Episode 264 – The Local Small Business Coach Podcast  How a Mindmap Can Help You in Your Business

A mindmap is a great way for you to breakdown a process in your business that you want to streamline and improve. Having processes in place, add to your bottom line profits and sales, but it all starts with getting it out of your head & on to paper.

But sometimes, your head is a jumbled mess, so mindmaps are a great way to take that chaos and start to create some sort of processes in place. But just what is a mindmap and how do you use it?

By the way, mindmaps are also great when trying to solve a problem within your business.

So, let’s discuss this cool tool for you to have in your business owner toolbelt.

Listen below.

Tammy

Listen to the Local Small Business Coach Podcast Below or on Your Phone: 

Local Small Business Coach Podcast: 
Why I Believe You Can Earn $100,000 in Take Home Profits:
Why I Believe You Can Earn $100,000 in Profits in Your Business - YouTube

Join the Conversation in our Badass Local Small Business Owners Facebook Group!

Don’t forget to shoot me an email on any topic or question you would love for me to cover in an upcoming episode of the show. Just send your ideas to tammy@localsmallbusinesscoach.com.  ~

HELPFUL LINKS

The post How a Mindmap Can Help You in Your Business appeared first on Local Small Business Coach.

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Finding Profit in Your Expenses

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Episode 263 – The Local Small Business Coach Podcast  Diving Into Your Profit & Loss Expenses

In the next part of our Know Your Business Numbers Series, we will take a look at the next part of the profit and loss statement, your expenses.

Your expenses are all the other costs of running your business other than your cost of goods sold. Like your cost of goods sold, your expense will be a percent of sales on your profit & loss. Your expenses will be broken down into subcategories that will allow you to track where your profits are going. You should have a budget in place and compare your actual expenses on the p/l vs your budget. Let’s take a deeper dive into understanding your expenses.

Listen below.

Tammy

Listen to the Local Small Business Coach Podcast Below or on Your Phone: 

Local Small Business Coach Podcast: 
Why I Believe You Can Earn $100,000 in Take Home Profits:
Why I Believe You Can Earn $100,000 in Profits in Your Business - YouTube

Join the Conversation in our Badass Local Small Business Owners Facebook Group!

Don’t forget to shoot me an email on any topic or question you would love for me to cover in an upcoming episode of the show. Just send your ideas to tammy@localsmallbusinesscoach.com.  ~

HELPFUL LINKS

The post Diving Into Your Profit & Loss Expenses appeared first on Local Small Business Coach.

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A Small Business Owner Learned a $10,000 Lesson

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Episode 262 – The Local Small Business Coach Podcast  An Expensive Lesson to Learn

A Small Business Owner Learned a $10,000 Lesson and wanted me to share what happened in order to help others learn from her and her husband’s mistake. Well, technically, they didn’t make a mistake, but in trying to solve one problem, they discovered another. Both lessons are things I see and hear about all the time and in this episode, I share what happened in hopes of you learning from their situation and hopefully avoiding the same in problem and financial hit they took.

Listen below.

Tammy

Listen to the Local Small Business Coach Podcast Below or on Your Phone: 

Local Small Business Coach Podcast: 
Why I Believe You Can Earn $100,000 in Take Home Profits:
Why I Believe You Can Earn $100,000 in Profits in Your Business - YouTube

Join the Conversation in our Badass Local Small Business Owners Facebook Group!

Don’t forget to shoot me an email on any topic or question you would love for me to cover in an upcoming episode of the show. Just send your ideas to tammy@localsmallbusinesscoach.com.  ~

HELPFUL LINKS

The post An Expensive Lesson to Learn appeared first on Local Small Business Coach.

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What Goes Into Your Cost of Goods Sold?

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Episode 261 – The Local Small Business Coach Podcast  What Goes Into Your COGS

In this week’s know your business numbers series, we will discuss the next part of your P & L Report – Your COGS.  But what exactly goes into your costs of goods sold? Where does payroll go? Cogs or Expenses?  Should you breakdown your COGS into categories? We will take a look at these items plus why your COGS might be lower or higher than what you actually use that month.

Listen below.

Tammy

Listen to the Local Small Business Coach Podcast Below or on Your Phone: 

Local Small Business Coach Podcast: 
Why I Believe You Can Earn $100,000 in Take Home Profits:
Why I Believe You Can Earn $100,000 in Profits in Your Business - YouTube

Join the Conversation in our Badass Local Small Business Owners Facebook Group!

Don’t forget to shoot me an email on any topic or question you would love for me to cover in an upcoming episode of the show. Just send your ideas to tammy@localsmallbusinesscoach.com.  ~

HELPFUL LINKS

The post What Goes Into Your COGS appeared first on Local Small Business Coach.

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Leave Them Knowing the Pain Points You Solve

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Episode 260 – The Local Small Business Coach Podcast  Fine Tune Your Elevator Speech

Leave Them Knowing the Pain Points You Solve | Whether you are at a networking event or being asked what you do for a living, you often times only have 30, 60, 90 seconds to tell folks what it is you do.  Many of us, tell them the industry we are in but fail to tell them the pain points we solve. One is about ‘branding' and the other is what will help them refer you to their family, friends, customers.

For example, a landscaper might say they do landscaping like mowing, trimming, etc vs saying that you help homeowners who have received an HOA violation for weeds or you help busy homeowners so they can have their weekends off with their family vs working in the yard.

So next time you introduce yourself and your business, will you share the pain points you solve or just the business you are in?

Listen below.

Tammy

Listen to the Local Small Business Coach Podcast Below or on Your Phone: 

Local Small Business Coach Podcast: 
Why I Believe You Can Earn $100,000 in Take Home Profits:
Why I Believe You Can Earn $100,000 in Profits in Your Business - YouTube

Join the Conversation in our Badass Local Small Business Owners Facebook Group!

Don’t forget to shoot me an email on any topic or question you would love for me to cover in an upcoming episode of the show. Just send your ideas to tammy@localsmallbusinesscoach.com.  ~

HELPFUL LINKS

The post Fine Tune Your Elevator Speech appeared first on Local Small Business Coach.

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Dive Into Where Your Sales Are Coming From

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Episode 259 – The Local Small Business Coach Podcast  Breaking Down Revenue on Your Profit & Loss Statement

In this week's episode of the Know Your Business Numbers Series, I want to share why I think you need to break down your sales/revenue categories on your income statement. By looking at each core area of your sales, you can gain a lot of intel on where you should be focusing your energy and time to grow your sales, but also on where to grow your profits. Information is power and there are a lot of opportunities that can be found in where your sales are coming from.

Listen below.

Tammy

Listen to the Local Small Business Coach Podcast Below or on Your Phone: 

Local Small Business Coach Podcast: 
Why I Believe You Can Earn $100,000 in Take Home Profits:
Why I Believe You Can Earn $100,000 in Profits in Your Business - YouTube

Join the Conversation in our Badass Local Small Business Owners Facebook Group!

Don’t forget to shoot me an email on any topic or question you would love for me to cover in an upcoming episode of the show. Just send your ideas to tammy@localsmallbusinesscoach.com.  ~

HELPFUL LINKS

The post Breaking Down Revenue on Your Profit & Loss Statement appeared first on Local Small Business Coach.

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