Financial Fitness for Small Business Owners with Tracey Bissett.
How to achieve financial fitness for small business owners and entrepreneurs with Tracey Bissett, founder of Bissett Financial Fitness.
Tracey shares her entrepreneur journey and why small businesses that plan for the future, especially when it comes to cash flow, perform better than those that don’t. Those who are leading, planning and being proactive will thrive no matter the economic environment.
As Chief Financial Fitness Trainer of Bissett Financial Fitness Inc., Tracey Bissett educates and empowers individuals, notably young adults, and entrepreneurs to take control of and live their financial lives with confidence. As a former executive at TD Bank, one of Canada’s Big 5 Banks, Tracey has worked with and in support of thousands of individuals and entrepreneurs to secure the financing they needed. This hands-on experience coupled with her formal financial education, a Masters of Business Administration and Chartered Financial Analyst designation, position Tracey uniquely to coach about all things money. Tracey is a full-time professor in the financial services faculty within the Business School at Centennial College. She leads speaking engagements and is the Executive Producer and host of the Young Money podcast all focused on increasing financial fitness.
Tracey lives in Toronto, Canada.
Financial Fitness for Small Business Owners with Tracey Bissett:
- You spent about 20 years in the financial and banking industry, what led you to starting your own business (2016 – Bissett Financial Fitness)?
- What is a Financial Fitness Trainer?
- When did you know you wanted to be your own boss? Who were early entrepreneurial influences?
Why are you a business owner? What does it provide you?
- What are the fundamentals of Financial Fitness for small business owners?
- What do you say to a business owner who claims, “I am terrible with number and financials, so I just let me accountant worry about that at the end of the year.”
- Which Financial Statements do I need to learn to use and how frequently?
- How can I be certain of what I can and can’t afford in my small business (in 5 minutes or less!)?
- How often, and through what method, should I be forecasting my cashflow?
- What are the biggest mistakes you see entrepreneurs making when it comes to their finances?
- What are the tools you need to understand your financial position, assess costing and profits, and start making real money from your business?
- What are most entrepreneurs doing right with their money?
- When should I delegate/outsource the accounting functions of my small business? What should I retain responsibility for?
- When should I leverage financing to help grow my small business?
- Why did you decide to also focus on young adults?
- Why should I consider hiring a Financial Coach?
What’s the first thing I should do to get my business finances in order?
Episode Host: Henry Lopez is a serial entrepreneur, small business coach, and the host of this episode of The How of Business podcast show – dedicated to helping you start, run and grow your small business.
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Are you searching for a small business coach to help you start, run or grow your small business? Henry Lopez is a Serial Entrepreneur and Small Business Coash. Learn more about Henry’s Small Business Coaching.