Managing Business Resources: Time, Money, and Energy

In this episode of Business Words, Maria Chapman and Stephen Duetzmann explore the three essential resources every entrepreneur must balance: time, money, and energy. They share practical strategies for optimizing these resources to achieve business success.

• Success requires having an abundance of at least two resources
• When one resource is limited, you need more of the others
• Strategic planning helps optimize resource allocation
• Importance of paying yourself as a business owner

• Smart technology investments can significantly boost productivity
• Recommended financial allocation: 50% pay, 40% operating expenses, 10% taxes
• Value of investing in personal development and learning
• Using AI tools to optimize workflows

Maria Chapman (Connected Ghostwriting) and Stephen Duetzmann (Side Quest Solutions) share insights from their entrepreneurial journeys.

New episodes of Business Words are released bi-weekly on all major podcast platforms.

Tags: business resources, entrepreneurship, time management, financial planning, business strategy

In this episode, Maria and Stephen explore the word 'culmination'.

They discuss personal experiences with project completions, the varying definitions of culmination, and the importance of reflection at year-end.

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Maria Chapman and Stephen Duetzmann are joined by Allison Field CPC, ELI-MP (Certified Professional Coach, Energy Leadership Index Master Practitioner).

Together, they explore the concept of energy and its profound impact on business and personal development.

They discuss the seven levels of energy, self-awareness, and how to approach challenges in the workplace.

Links:

https://connectedghostwriting.com/

https://sidequestsolutions.org/

https://allisonfield.com/

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In this episode, Maria Chapman and Stephen Duetzmann explore the theme of enthusiasm in the context of business and personal challenges.

They discuss topics such as:

• How to navigate feelings of low enthusiasm
• The importance of collaboration
• Strategies to shake up work routines to reignite motivation
• The role of rewards in maintaining enthusiasm
• The common struggles faced in repetitive tasks
• And More...

In this episode, Dr. Aura Ardon Joins Maria and Stephen to discuss the intersection of mental health and entrepreneurship, highlighting the unique challenges faced by business owners.

They cover common mental health issues such as:

• Stress
• Anxiety
• Burnout

She emphasizes the importance of setting boundaries, recognizing signs of burnout, and developing healthy coping mechanisms.

Dr. Ardon also stresses the significance of building a support system and shifting mindsets to view failures as learning opportunities.

The conversation concludes with practical advice for maintaining mental health while navigating the complexities of running a business.

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In this episode of the Business Words podcast, hosts Maria Chapman and Stephen Duetzmann explore the significance of relationships in business, featuring Dr. Mark Hicks, an expert in relationship dynamics.

The conversation delves into the importance of:

networking

effective communication

and the role of SEO in enhancing business visibility.

Dr. Hicks discusses his book 'Learning Love' and the concept of love as a learned skill set. He emphasizes the importance of understanding and practicing the five components of love: grief, emotion, practicality, acceptance, and passion.

The episode also explores how these components relate to personal and professional relationships, particularly in the context of entrepreneurship and navigating grief in business.

https://www.markahicks.com/

https://connectedghostwriting.com/

https://sidequestsolutions.org/

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In this episode, Maria and Steve discuss the theme of beginnings and how they are filled with emotions and potential.

They share their personal experiences of starting their own businesses and the emotions and challenges that come with it.

They emphasize the importance of giving oneself permission to play and enjoy the work, as well as the freedom that comes with being an entrepreneur.

They also discuss the mindset shift from being a corporate employee to being in control of their own time and decisions.

Maria and Steve also discuss the importance of support in the beginning stages of a business or venture.

They touch on the roller coaster of emotions that come with beginnings and the importance of believing in yourself and your mission. Intro:

Audio File Title: Sunshine Whistle Audio File URL: https://pixabay.com/music/rock-sunshine-whistle-175139/ Audio File ID: 175139