38: Overflow on Autopilot: How Jillian Maintains $50K+ in Business Cash Through Seasonal Unpredictability

Summary

In this episode, Iyanna Vaughn interviews Jillian Smith-Austin, founder of One Touch Events, discussing her journey in event planning and financial management. Jillian shares her early experiences with money, the importance of financial education, and how she transitioned from personal finance to managing her business finances. They explore the significance of cash flow, profitability, and the role of financial strategy in business growth. Jillian emphasizes the need for collaboration and transparency in financial discussions, and they conclude with insights on achieving harmonious wealth in both personal and professional realms.

Takeaways

• Jillian's early experiences with money shaped her financial mindset.
• The importance of saving and tithing was instilled in Jillian from a young age.
• Transitioning from personal to business finances can be challenging but necessary.
• Understanding cash flow is crucial for service-based businesses.
• Automating financial processes can lead to a more stable business environment.
• CEO salary should be consistent and reflective of business health.
• Financial strategy is essential for scaling a business effectively.
• Collaboration and transparency in financial discussions enhance business growth.
• Breaking industry norms can lead to greater confidence in pricing.
• Harmonious wealth encompasses both financial success and personal fulfillment.

📚MENTIONED IN THIS EPISODE

• Get The CEO Salary Calculator - lovelyfinancials.com/ceo 
• Learn more about The Financial Strategy Experience - lovelyfinancials.com/strategy 
• Get the Cash Flow Planner - lovelyfinancials.com/planner