Beyond Margins: Build a calmer business with comfortable margins Susan Boles

Do you need funding for your business but loathe the idea of giving up a piece of your company to someone else?
I get it. You built this baby with your own two hands, most likely giving up nights, weekends, early mornings, and time with your friends and family to do it. So the idea of handing over part of that to someone who wasn’t sweating it out with you might make you feel pretty uncomfortable.
The good news is, you don’t have to. There are other funding options that can provide the financial support you need without compromising your ownership.
Today, I’m talking with Lena West, founding director of CEO Rising, about non-dilutive funding, which is funding where you don’t give away any equity or ownership stake in your business.
Specifically, we’re going to dig into crowdfunding. As an agency or consulting firm owner, you might think crowdfunding could never be for you. But Lena has walked multiple clients through successful crowdfunding campaigns, and you might be surprised how applicable it could be to your business. Join us as we dig into the ins, outs, how-tos, and bewares of crowdfunding for service-based businesses.
Listen to the full episode to hear:
How crowdsourcing changes the conversation about incentives, growth, and rewards from traditional investment sourcesHow traditional VC or angel investor models actually harm businesses owned by marginalized peopleWhy you should think of crowdfunding as a large-scale marketing project and develop high-quality assets accordinglyHow to develop a campaign when you’re not selling a tangible productEssential considerations before, during, and after your campaignOther potential avenues for non-dilutive funding for your businessLearn more about Lena West:
CEO RisingCEO Rising RISE Overviewhttps://bit.ly/CEORisingRISEOverviewConnect on LinkedInLearn more about me, Susan Boles:
Beyond MarginsConnect on LinkedInWe value your thoughts and feedback. Feel free to share them with Susan here. Your input is not just valuable, it's crucial in shaping future episodes.

Cash is only easy to come by when you don't really need it.
When things are going well, banks are happy to finance loans and lines of credit, and investors are easy to find when you're profitable and growing quickly. But we all know things aren’t always going well.
For service-based businesses, where our products aren’t widgets but more often the intangible value of our brains and experiences, we tend to think that outside funding just doesn’t apply to us and our business model.
But the truth is that you have more options than you think. And that’s what we’ll geek out about over the next few episodes, empowering you with the knowledge and tools to explore these alternative funding avenues.
To start, I’m talking to Eda Henries, founder and managing principal of Henries & Co., a capital advisory firm. We’re digging into the ins and outs of bringing equity investment into your business, including a behind-the-scenes look at how that process unfolded for Eda in her own business.
Listen to the full episode to hear:
How your long-term goals for your business inform which funding options might be suitable for youThe different forms equity can take for a service-based businessWhy Eda says the first step to going from employee to partner is to get clear on how your goals and values alignWhat projections and documents does your business need to have to seek investmentA relatively unknown resource for small business fundingWhy you need to take the time to build relationships with the people or institutions investing in your businessConsidering acquisitions as part of growth and scaleLearn more about Eda Henries:
Henries & Co.Connect on LinkedInLearn more about me, Susan Boles:
Beyond MarginsConnect on LinkedInWe value your thoughts and feedback. Feel free to share them with Susan here. Your input is not only valuable but crucial in shaping future episodes.

Consider this scenario: a key employee unexpectedly needs to take an extended leave. Is your business financially and structurally prepared to handle that without a hitch? This is a challenge many small businesses face, and it's crucial to be prepared.
As we wrap up our series on sabbaticals, leaves, and breaks, we will examine the policies and financial planning that underpin them.
To guide us through this topic, we have the privilege of hearing from Kate Tyson, a seasoned professional from Wanderwell, a consulting and bookkeeping practice focused on small businesses and innovative business models. Kate, who has recently navigated the planning for paid parental leave for one of her team members and is preparing for a sabbatical later this year, brings a wealth of experience and insights to the table.
So, how can a small business with limited resources effectively offer comprehensive benefits like paid parental leave? Kate, drawing from her practical experience, delves into the myriad of considerations she faced while developing her company’s policy and planning for her team member’s absence and her own upcoming break, providing actionable insights that can empower small business owners and managers.
Listen to the full episode to hear:
How the wide variability in state-level leave programs can complicate creating an equitable policy when you have employees in multiple statesHow Kate and Wanderwell planned for coverage of clients and ongoing projects as her team member went on leaveWhy Kate says that overcommunication about transitions might be more about you than what your clients need or wantThe delicate balance between wanting to provide benefits and not overcommitting financially to the detriment of the businessWhy Kate has moved away from an hourly wage model for her team membersHow Kate is planning for her own sabbatical and how it will impact the business
Learn more about Kate Tyson:
WanderwellWanderings NewsletterWhiskey Fridays PodcastConnect on LinkedInLearn more about me, Susan Boles:
Beyond MarginsConnect on LinkedIn
We value your thoughts and feedback. Feel free to share them with Susan here. Your input is not just valuable, it's crucial in shaping future episodes.

What happens when you unexpectedly need to step away from your business's operations? How can you prepare your business not just to survive but to thrive, even when key team members are away?
In our continuing series on planning for leaves, sabbaticals, and breaks from your business, we’re shifting our focus from the personal side to the backbone of any business: operations.
Layla Pomper, creator of Process Driven, joins me to delve into the empowering process of building operational resilience in your business. This process not only allows you to take a break more easily but also ensures your business runs more efficiently day to day, putting you firmly in control of your business's future.
Layla shares a range of practical strategies, tactics, and systems you can implement now. These will not only prepare you for a break but also instill confidence and peace of mind in your business operations.
Listen to the full episode to hear:
Why clearly defining each team member’s “what, who, when” is the crucial first step to managing an absenceHow your business model impacts your options for taking leaveHow lazy training gives team members exposure to and familiarity with your processWhy you should be using shorter absences and vacations as fire drills for your systemsSteps business owners can take to remove themselves as bottlenecksHow to build a network that you can lean on during a breakLearn more about Layla Pomper:
Process DrivenYouTube: @laylapomperConnect on LinkedInLearn more about me, Susan Boles:
Beyond MarginsConnect on LinkedInWe value your thoughts and feedback. Feel free to share them with Susan here. Your input is not just valuable; it's crucial in shaping future episodes.

How do you step away from your business for a necessary break without losing momentum or compromising your values?
Deciding to take a leave or sabbatical, and then figuring out the best approach for you, how to maintain client relationships while you're away, or even ensuring you have enough financial security during your break are all complex challenges that many of us face.
As part of my exploration of breaks, leaves, and sabbaticals and all of the different ways you can plan for them, I’m talking to Erica Courdae and India Jackson, the partners behind Pause on the Play, a resource library, podcast, and consultancy committed to guiding individuals in defining their values, diversifying their networks, and disrupting systems of oppression.
India has just returned from parental leave after having her first child. Together, she and Erica have navigated the operational and financial complexities of planning for leave, including their decision to shut down the Pause on the Play Community.
While the context of Erica and India's experience is parental leave, the strategies they employed are universally applicable. Their unique approach to planning and managing their leave can be a practical guide for anyone considering a break from their business.
Listen to the full episode to hear:
How a desire for openness, simplicity, and sustainability shaped their conversations about the business even before planning for India’s parental leaveHow Erica and India went about simplifying processes and closing loops with their clients and community leading up to going on leaveHow the business maintained some revenue during leave, and how they planned an on-ramp for India’s return How joy and ease are informing their decision-making as they return to full operationsWhy they have clear containers around what platforms they use to discuss work and personal lifeHow they are building opportunities to connect with their communities as people without always making it about work
Learn more about Erica Courdae and India Jackson:
Pause on the PlayInstagram: @pauseontheplay
Learn more about me, Susan Boles:
Beyond MarginsConnect on LinkedIn
Feel free to share your thoughts and feedback with Susan here. Your input is valuable and can help shape future episodes.

Sometimes, you just need a break. I know I did. What was meant to be a quick breather turned into a transformative journey of two and a half years. The show (and my company) emerged with a new name, a new look, and a new perspective on what truly sustains a business—and a life.
I say that I took a break from my business. But the reality is that I broke. I realized that I was burnt out to the point where I was physically, psychologically, and emotionally impaired. 
In this episode, I share the whole story—the behind-the-scenes of what went wrong, what went right, and why I’m back. Today’s episode kicks off a series on, appropriately, taking a break.
Whether you need a break because of burnout like me, you or someone you love got sick, you're getting ready to have a kid and need to plan for parental leave, or you just want to take a sabbatical to refresh, big breaks are hard to prepare for.
How do you figure out how to pay yourself (and your team) during a break? What systems and procedures need to be in place to make sure things run smoothly? How do you handle managing and serving your clients while you're away? And, if the break is unexpected and unplanned, what then?
After all, running a business is a marathon—not a sprint. If we’re going to be in it for the whole 26.2 miles, we better learn how to rest. And that starts with making calm your KPI.
Listen to the full episode to hear:
The challenges of pausing work and the reality of burnout recoveryWhy I made the counterintuitive decision to take a full-time job to restThe importance of building a business with comfortable margins and a focus on sustainability rather than relentless growthWhy I’m using calm as a key performance indicator (KPI) in business and advocating for a model that values space, margin, and a personalized definition of successLearn more about me, Susan Boles:
Beyond MarginsConnect on LinkedInLearn more about Sean McMullin:
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