Build to Enough Little Fish Accounting

In this episode, we explore the crucial difference between making money and managing money as an entrepreneur. We discuss various strategies for boosting revenue, such as increasing sales, diversifying revenue streams, and adjusting pricing. However, we also emphasize the importance of effective financial management, including budgeting, cash flow management, expense control, and investment planning. By finding the right balance between income generation and financial management, entrepreneurs can build resilient and sustainable businesses that are prepared for both short-term challenges and long-term growth.

(00:00) - Introduction to Entrepreneurship and Money Management
(01:31) - Ways to Increase Revenue
(02:10) - Understanding Market Opportunities and Adjustments
(03:01) - Boosting Revenue: Strategies and Considerations
(05:00) - Managing Incoming Revenue
(05:19) - Budgeting and Cash Flow Management
(06:03) - Expense Control and Investment Planning
(08:29) - Balancing Short-Term and Long-Term Financial Goals
(09:56) - Setting Financial Goals and Measuring Success
(11:08) - Lessons from Littlefish: Practical Insights
(13:25) - Final Thoughts
Connect with Keila!LinkedIn - https://www.linkedin.com/in/keilahilltrawickWebsite - http://www.hellokeila.comRESOURCES:
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In this episode, we tackle one of the biggest challenges facing small businesses: getting paid on time. Late payments can disrupt cash flow, strain vendor relationships, and hinder growth opportunities. We explore practical strategies for setting favorable payment terms, shortening payment cycles, and using technology to streamline the invoicing and payment process. Whether you're a freelancer or a small business owner, this episode provides valuable insights and actionable tips to help you optimize your payment terms and maintain financial stability.

(00:00) - Introduction: The Challenge of Timely Payments
(01:39) - The Impact of Late Payments on Small Businesses
(03:17) - Common Industries Affected by Late Payments
(04:38) - Strategies to Optimize Payment Terms
(06:20) - Leveraging Technology for Efficient Payments
(06:58) - Ensuring Accurate Business Information
(08:15) - Importance of Following Payment Instructions
(11:17) - Final Tips and Conclusion
Connect with Keila!LinkedIn - https://www.linkedin.com/in/keilahilltrawickWebsite - http://www.hellokeila.comRESOURCES:
Learn more about Little Fish’s suite of services and sign up for our newsletter at www.littlefishaccounting.com
Follow Little Fish Accounting on social media!
IG | instagram.com/littlefishaccounting

In this episode, we dive into the key differences between being a solopreneur and building a team for your business. We explore the advantages and challenges of each approach, from the flexibility and control of solopreneurship to the increased productivity and innovation potential of a team. Whether you're considering hiring your first employee or wondering if solopreneurship is right for you, this episode provides valuable insights and recommendations to help you make the best decision for your unique business goals and personal definition of success.

(00:00) - This is Build to Enough

(01:59) - Solopreneurship: Definition and Benefits

(03:36) - Challenges of Solopreneurship

(05:54) - Recommendations for Solopreneurs

(07:47) - Building a Team: Advantages

(09:47) - Complexities of Team Dynamics

(11:25) - Navigating Team Dynamics

(13:26) - Making the Right Choice for You

(15:43) - Conclusion: Defining Your Success
Connect with Keila!LinkedIn - https://www.linkedin.com/in/keilahilltrawickWebsite - http://www.hellokeila.comRESOURCES:
Learn more about Little Fish’s suite of services and sign up for our newsletter at www.littlefishaccounting.com
Follow Little Fish Accounting on social media!
IG | instagram.com/littlefishaccounting

Your chart of accounts is the backbone of your business's financial system. In this episode, learn how to create and customize a chart of accounts that provides the visibility you need to make informed decisions. Discover tips for keeping it clean and simple while still capturing the right level of detail for your business.

(00:00) - Introduction and Podcast Updates
(01:17) - Understanding the Chart of Accounts
(02:30) - Simplifying vs. Detailing Your Chart of Accounts
(07:36) - Enhancing Financial Visibility
(11:23) - Practical Tips for Managing Your Chart of Accounts
(13:35) - Conclusion and Final Thoughts
Connect with Keila!LinkedIn - https://www.linkedin.com/in/keilahilltrawickWebsite - http://www.hellokeila.comRESOURCES:
Learn more about Little Fish’s suite of services and sign up for our newsletter at www.littlefishaccounting.com
Follow Little Fish Accounting on social media!
IG | instagram.com/littlefishaccounting

In this episode, we challenge the common misconception that operating at 100% capacity equates to optimal performance in business. Keila explores how the pursuit of being "full" can hinder a company's ability to innovate, adapt, and thrive in the face of changing circumstances. She emphasizes the importance of maintaining flexibility, leaving room for growth, and prioritizing the well-being of your team. Discover why embracing a more dynamic approach to organizational management is crucial for long-term success.

(00:00) - Welcome and the Myth of Being Full
(00:45) - The Misconception of Full Capacity in Business
(01:58) - Redefining Success: Beyond Maximum Capacity
(02:36) - The Importance of Flexibility and Adaptability
(03:53) - Real-World Impacts of Operating at Full Capacity
(07:20) - Strategies for Sustainable Business Growth
(08:17) - Embracing a Holistic Approach to Business Success
(11:17) - Conclusion: Rethinking Fullness for a Balanced Life
Connect with Keila!LinkedIn - https://www.linkedin.com/in/keilahilltrawickWebsite - http://www.hellokeila.comRESOURCES:
Learn more about Little Fish’s suite of services and sign up for our newsletter at www.littlefishaccounting.com
Follow Little Fish Accounting on social media!
IG | instagram.com/littlefishaccounting

In this episode, Keila explores alternatives to discounting that allow you to showcase the unique value you provide as a service-based business. Discover strategies like bundling services, communicating your differentiators, and tailoring your pricing and messaging to your ideal client. Understand how to confidently command premium prices by building value-based relationships and enhancing the customer experience.

(00:00) - This is Build to Enough

(01:46) - Exploring the Long-Term Impacts of Discounting

(03:01) - The Hidden Costs of Discounting

(03:07) - Case Study: The JCPenney Pricing Strategy Mishap

(07:08) - Alternatives to Discounting: Adding Value

(09:23) - Communicating Your Value and Pricing Strategy

(14:53) - Building Value-Based Relationships Over Discounts

(16:54) - Conclusion and Resources for Effective Pricing
Connect with Keila!LinkedIn - https://www.linkedin.com/in/keilahilltrawickWebsite - http://www.hellokeila.comRESOURCES:
Learn more about Little Fish’s suite of services and sign up for our newsletter at www.littlefishaccounting.com
Follow Little Fish Accounting on social media!
IG | instagram.com/littlefishaccounting