The Small Business Mindset

d richards

The Small Business Mindset Podcast is a real life, in the trenches conversation about how you can make your small business run successfully. Host Kirsten Flory, Founder and CEO of Foundations Commercial Real Estate, shares her journey on how she created a successful small businesses, and how she has helped her clients do the same. The Small Business Mindset also features guests that lend their expertise in the areas of: finance, staffing, marketing, and more.

  1. 2 DAYS AGO

    148 - Don't Let Your Business Become the Next Penny

    Watch this episode on YouTube While it may seem insigificant, the story of the penny reveals a crucial lesson for business owners. Originally valueable and practical, the penny ultimately became obsolete - costing more to produce than it was worth.  Sound familiar? Kirsten draws a direct parallel to what happens in many small businesses: strong sales, growing revenue, and busy operations...but little to no profit. She breaks down why this happens and what to do about it. Key Takeaways: Revenue doesn't always equal profit - just because your sales look strong, doesn't mean your business is healthy. If your cost of goods or services outweighs your pricing, you're operating at a loss - just like the penny! Question "The way it's always been done" - innovation happens when you challenge assumptions. Kirsten shares an example from Tesla, where rethinking production methods dramatically reduced costs without sacrificing quality. Understand Your True Costs - from materials and labor to software subscriptions and marketing spend, every cost matters. If you're not tracking them closely, it can quietly erode your margains. Be willing to adapt and pivot - holding onto a product or service just because it defines your brand can hold you back.  If it's not profitable, it may be time to evolve. Develop an owners skillset-  As an owner you must: Be curious and ask questions Get comfortable with risk Wear multiple hats when needed Balance strategic thinking with execution Know where your sales come from - analyze your past year: Are your customers repeat, referral or new (and how did they hear about you)? Which offerings are most profitable (not just popular)? Where should you double down, or pull back? Focus on profit, not just growth - the goal isn't just to sell more, it's to keep more. Adjust pricing, packaging, or delivery methods to improve margains. Connect with Kirsten at: Instagram Facebook LinkedIn And don't forget to Subscribe so you won't miss an episode!

    20 min
  2. 18 MAR

    147 - 5 Habits that are Quietly Stunting Your Business Growth

    Watch this episode on YouTube! As the first quarter of the year wraps up, it's the perfect time to evaluate your business goals.  Are you tracking your progress - or simply hoping things work out?  In this episode of The Small Business Mindset, Kirsten Flory shares five common habits that can quietly stunt business growth and how small business owners can shift their focus to build momentum instead. Many entrepreneurs fall into patterss that feel productive, but ultimately limit their ability to grow.  From failing to understand your top clients to spending too much time on strategy and not enough on sales, these habits can hold even the most dedicated business owners back.  Kirsten breaks down practical ways to recognize these patterns and make simple adjustments that help your business thrive. If you're serious about scaling your business in 2026, this episode will help you refocus on what truly drives growth. Key Takeaways: Identify who your most valuable clients really are Stay connected to clients to understand how their needs are evolving Don't assume economic shifts determine your outcome - adapt and pivot instead Build your business around clear priorities and aligned decisions Remember: sales drives sustainability.  If revenue isn't coming in, growth stops. Connect with Kirsten Flory at: www.kirstenflory.com Instagram Facebook LinkedIn And don't forget to SUBSCRIBE so you won't miss an episode!

    17 min
  3. 4 FEB

    144 - Build, Buy or Repurpose? Making the Right Real Estate Decision for Your Business

    Watch this episode on YouTube In this episode of The Small Business Mindset, Kirsten Flory sits down with Lance Johnson, Engineer with Bartlett & West Engineering, to unpack what business owners really need to think about before buying, renovating, or building a commercial property. For many entrepreneurs, occupying space is inevitable - but owning the right space can be a power wealth building strategy.  The challenge?  Most business owners are real estate developers.   Lance brings clarity to the process, breaking down the "boring but critical" elements of development that can save business owners from costly mistakes down the road. From planning to infrastructure to post-COVID construction costs and adaptive use, this conversation is packed with practical insights for business owners at every stage of growth. Key topics covered: Why proper planning upfront is the most important step before any build The "unsexy" but essential elements of development (i.e. foundations, drainage, HVAC, roofs) Where business owners should spend money - and where cutting corners can backfire New construction vs. buying and renovating: why there's no "one size fits all" answer How to evaluate "hairy" properties and identify real red flags Construction cost trends since COVID and why prices are unlikely to come back down The growing trend of repurposing building (office to housing, schools, churches, malls) Infill development vs. greenfield development - and the challenges of each How to protect yourself during development without slowing the project down Who should be on your development dream team (and why communication matters) What the development process actually looks like once you've selected your team How thinking long-term can reduce maintenance costs and increase durability Planning for future growth: building more space now vs. expanding later Lance Johnson is an engineer with Bartlett & West Engineering, bringing decades of experience in commercial development, infrastructure, and adaptive reuse projects across the country.  His practical, long-term approach helps business owners make smarter, ore sustainable real estate decisions. Contact Lance at: lance.johnson@bartwest.com   Final Thought: Whether you're outgrowing your current space, considering your first building purchase, or dreaming about a ground-up build, this episode will help you think strategically and realistically, about what it takes to create a space that truly works for your business. Connect with Kirsten Flory at: www.kirstenflory.com Instagram Facebook LinkedIn And don't forget to SUBSCRIBE to get updates on new episodes!

    37 min

About

The Small Business Mindset Podcast is a real life, in the trenches conversation about how you can make your small business run successfully. Host Kirsten Flory, Founder and CEO of Foundations Commercial Real Estate, shares her journey on how she created a successful small businesses, and how she has helped her clients do the same. The Small Business Mindset also features guests that lend their expertise in the areas of: finance, staffing, marketing, and more.

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