Business Finance and Soul

Shaun Enders
Business Finance and Soul

Business, Finance and Soul is a podcast created for the curious, a conversation for those interested in Business strategies, Personal Finance and the driving force behind it all. As an entrepreneur and a father, I have a deep respect for the work we do in our lives. Growing up and watching my grandparents struggle with their Personal Finances, I committed to learning this magical language. Over the years, as my business became more successful and I achieved financial freedom, I felt like something was missing. After a life changing introduction to meditation, I discovered a deeper satisfaction for the work I had been doing. I have found that Life is about finding meaning in our journey --and curiosity illuminates the path. I hope you enjoy Business, Finance and Soul.

  1. 1 DAY AGO

    Risk Tolerance/Desire vs Risk Capacity

    Episode Overview: In this episode, I explore the critical concepts of risk tolerance and risk capacity, examining their distinct roles in decision-making across various facets of life, including finance, career, and personal relationships. Key Themes: Defining Risk Tolerance and Risk Capacity: Risk Tolerance: Described as an individual’s emotional comfort with uncertainty and potential loss, influenced by personality and life experiences. Risk Capacity: Refers to one’s financial and emotional ability to withstand losses. The Misalignment of Risk Factors: Highlighting how risk tolerance and capacity are not always aligned, leading to potential conflicts in decision-making. Examples include being emotionally ready for risks but lacking the necessary financial resources, or vice versa. Impact on Investment Decisions: Importance of understanding both factors for informed investment strategies. Discusses consequences of mismatches, such as panic selling during market downturns. Advocates for a long-term investment approach to endure short-term losses. Application Beyond Finance: Exploration of risk in major life decisions, like career changes and relationships. Encourages evaluation of motivations and readiness, both financially and emotionally. Suggests seeking support during setbacks and balancing short-term challenges with long-term gains. Planning and Adaptability: Emphasizes careful planning and the need to adapt to changing circumstances. Importance of understanding personal resources, goals, and inclinations toward risk. Conclusion: By gaining a deeper understanding of risk tolerance and risk capacity, individuals can make more informed and aligned decisions, ultimately leading to more favorable outcomes in both financial and personal spheres. Call to Action: Reflect on your own risk tolerance and capacity. Consider how these factors influence your decision-making and how you can better align them to achieve your goals.   www.BusinessFinanceAndSoul.com

    26 min
  2. NOV 20

    Reinvest, Reward and Repurpose Your Money with Cannon Carr

    Cannon Carr, a regional director at EP Wealth, transitioned from being a Wall Street analyst to an entrepreneur in wealth advisory to have a more meaningful impact on clients’ lives. He merged his firm with EP Wealth Advisors to access growth capital and improved services. Cannon now aids business owners in achieving life goals through independent wealth management, discussing the shift from corporate environments to entrepreneurship, emphasizing financial freedom, managing overhead, and balancing profit maximization with long-term growth investments. He reflects on the naivety of first-time entrepreneurs and complex business decisions like reinvesting dividends versus taking them as income, learning from family business failures. Carr highlights that spending habits affect financial stability and happiness more than income levels and introduces the “three R’s” framework—reward, reinvest, and repurpose—for aligning finances with personal satisfaction. He outlines strategies for managing profits, stressing the need for a clear financial roadmap, exit strategy, and cautioning against emotional business ties. He discusses “lifestyle creep,” emphasizing clear financial independence goals and the importance of maintaining liquidity for emergencies. Carr advocates for behavioral discipline and having a financial accountability coach, contrasting scarcity and abundance mindsets with insights from Warren Buffett and opportunities during economic downturns.   You can connect with Cannon through his podcast or Linkedin: https://businessownertales.com/ https://www.linkedin.com/in/cannon-carr/

    58 min
  3. NOV 13

    Building and Retaining High Performing Teams with Kelly Swanberg

    Join Shaun Enders, CEO of Transition Staffing Group, and Kelly Swanberg, CEO of Cake Freight, as they chat about how to build high-performing teams by finding the right people and keeping them engaged. Key Points: Finding Great Talent: Cake Freight uses LinkedIn and works with recruiters to keep a steady stream of candidates. It’s crucial to have flexible team members, especially when the company is growing. Keeping Employees Happy: Focus on team vibes and leadership, not just perks, to keep people around. Clear communication and career paths motivate employees, especially in smaller teams. Skill Growth and Teamwork: Keep developing skills and match personal goals with the company’s vision. Work with recruiting firms to ensure new hires fit well with the company culture. Tackling Hiring Hurdles: Avoid biases and don’t focus too much on fancy backgrounds to prevent hiring mistakes. Use a structured onboarding process with clear goals and performance indicators. Refreshing the Hiring Process: Include collaborative projects before hiring and extend interviews to 30-60 days for better assessment. Streamlining Recruitment: Use tools like LinkedIn and video interviews for smoother recruitment. Partner with recruiting firms that align with your company culture. Building Long-Term Partnerships: Do thorough checks to ensure candidates are a good fit. Develop lasting relationships with search firms to understand top performer traits, crucial for selecting the right candidates. A search firm’s reputation and knowledge of your business can greatly affect the company’s market image.   https://www.linkedin.com/in/kellyswanberg/ https://cakefreight.com/

    32 min
  4. OCT 29

    Why We Keep Solving the Same Problems

    In this episode I address the common tendency to repeatedly tackle familiar problems, creating a false sense of progress. I call it the problem solving loop and there are reasons for this cycle, including the comfort of familiarity, the allure of quick fixes, and the avoidance of complex challenges. Key Points: Understanding the Cycle: Exploration of why we gravitate towards solving familiar problems. Analysis of the comfort and security provided by known issues. Discussion on how simple solutions provide immediate gratification. Strategies for Effective Problem-Solving: Emphasizing the need for identifying deeper, sustainable solutions. Importance of building upon existing resolutions to achieve real progress. Examples from Sports: Insights from sports like pickleball, illustrating the concept of advancing beyond basic skills for continuous improvement. Application Across Life Areas: Encouragement to focus on new challenges after completing smaller tasks to clear mental space for significant goals. Strategies for tackling more complex and impactful challenges. Consistency and Evaluation: Highlighting the necessity of consistent implementation of solutions. Regular evaluations to track progress and ensure growth. I aimed in this episode to share my personal challenges in this area and I encourage listeners to move beyond the comfort of repetitive problem-solving by embracing new challenges, focusing on deeper solutions, and consistently evaluating progress. This approach not only enhances personal and business growth but also frees mental energy for more significant goals. www.BusinessFinanceAndSoul.com

    20 min
  5. OCT 15

    Is Now The Time For a Solo Trip?

    Episode Theme: The transformative power of solo trips in a hectic world. Key Takeaways: The Importance of Solitude: Solo trips are essential amidst life’s hustle and bustle, providing a space for personal time that fuels creativity and self-reflection. Being alone helps individuals connect with their true selves and visualize future aspirations. Personal Growth Through Solitude: Listening to one’s own thoughts and instincts is crucial for personal growth and self-discovery. I talk about planning and embarking on a solo trip, though initially intimidating, led to empowerment and fulfillment. Supportive Partnerships: Mutual support between your partner is very helpful and encouraging, because the truth is, you will come back as a better partner for them. Activities to Enhance the Experience: Engage in journaling, meditation, and connecting with nature to enrich the solo journey. Journaling is recommended as a powerful tool for processing thoughts, with hand-written entries offering deeper insights. Practical Tips for Solo Trips: Choose safe and peaceful destinations, minimize distractions, and prioritize self-reflection. Pack essentials like comfortable clothes, a book, and a journal to facilitate the experience. Stay flexible, trust your intuition, and embrace the opportunity to escape chaos and gain clarity. Overcoming Hesitation: If a solo trip seems daunting, view it as an invitation to explore with curiosity and embrace the potential for growth. Conclusion: Solo trips are not just escapes; they are journeys inward that offer mental clarity, emotional resets, and the chance to address personal and professional goals. Embrace the solitude to reconnect with yourself and navigate life’s chaos with renewed clarity.   www.BusinessFinanceAndSoul.com

    15 min
  6. OCT 1

    The Power of Self-Image in Personal and Professional Growth

    Show Notes: The Power of Self-Image in Personal and Professional Growth Episode Highlights: The Influence of Self-Image: We address the pivotal role of self-image in shaping our personal and professional lives. Self-perception dictates our interactions and potential, echoing Bob Proctor’s notion that self-image sets our limits. Maintaining a Positive Self-Image: Continuous effort is required to sustain a positive self-image through practices like daily affirmations. A strong self-image boosts confidence, innovation, and willingness to take risks. A weak self-image leads to indecision and minimal actions. Impact in Competitive Environments: Self-confidence is crucial in competitive settings, such as job searches, influencing performance and others’ perceptions of us. Overcoming Outdated Self-Images: Many individuals are held back by outdated self-images from past experiences. Self-awareness and daily affirmations are key to overcoming these limitations and fostering growth. Consistent Effort for Self-Improvement: Compare maintaining a positive self-image to regular exercise and proper nutrition, emphasizing consistent effort. Addressing doubts about worthiness through self-examination is necessary for effective affirmations. Aligning Self-Image with Reality: It’s crucial to change behaviors or circumstances if self-beliefs do not align with reality. Personal effort is vital for improvement; external rescue is unlikely. Embracing Change for Growth: Embracing change is essential for progress, whether in business strategies or career paths. Holding onto comfort while seeking growth is counterproductive. Career Realignment: Individuals feeling unfulfilled in their careers should consider shifts to align their self-image with their aspirations. Open communication with employers about stagnation is important for career development. Entrepreneurial Self-Image: For entrepreneurs, believing in their product or service and having a strong self-image is crucial for attracting positive relationships and opportunities. A weak self-image can hinder trust-building and limit prospects. Daily Affirmations and Success: Daily affirmations can bolster confidence and provide direction, leading to an improved self-image and greater success. Self-image evolves with nurturing and consistency, and one’s beliefs are central to inspiring positive change in oneself and others. Takeaway Message: The episode emphasizes the profound impact of self-image on personal and professional success. It encourages listeners to actively nurture a positive self-image through continuous self-awareness, daily affirmations, and embracing change. By doing so, individuals can unlock their potential, foster confidence, and achieve their aspirations. www.BusinessFinanceAndSoul.com

    21 min
4.9
out of 5
9 Ratings

About

Business, Finance and Soul is a podcast created for the curious, a conversation for those interested in Business strategies, Personal Finance and the driving force behind it all. As an entrepreneur and a father, I have a deep respect for the work we do in our lives. Growing up and watching my grandparents struggle with their Personal Finances, I committed to learning this magical language. Over the years, as my business became more successful and I achieved financial freedom, I felt like something was missing. After a life changing introduction to meditation, I discovered a deeper satisfaction for the work I had been doing. I have found that Life is about finding meaning in our journey --and curiosity illuminates the path. I hope you enjoy Business, Finance and Soul.

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