Profit Pitfalls: Overcoming Financial Missteps | The MKB Podcast Episode 60, Season 7

Welcome back to another episode of The MKB podcast! In this episode, host and current CEO of MKB, Mills Bender, is joined again by entrepreneur Trevor Cowley. Together, they dive into the critical aspects of business finance, accounting, and bookkeeping. Trevor shares his extensive experience across various industries, emphasizing the importance of detailed financial oversight. They discuss common issues like business owners not keeping track of finances, the challenges at different levels of business growth, and the essential need for accurate bookkeeping. This episode is packed with real-life insights and horror stories about financial mismanagement, aiming to help you avoid costly mistakes. Join us and learn how proactive financial management can save you money and stress!

00:00 Introduction and Guest Introduction
00:29 Trevor's Business Background
01:36 Challenges in Business Finances
04:38 Importance of Accurate Bookkeeping
06:01 Common Bookkeeping Mistakes
12:08 Conclusion and Final Thoughts

To connect with Trevor:
Instagram: https://www.instagram.com/realbusinessowners/
Website: https://joinrbo.com/

Don't forget to subscribe for the latest podcast episodes and more from @mkbcfo

Do you have your own financial questions for MKB? Please visit:
Website: https://mkbcfo.com
Instagram: https://www.instagram.com/mkb_cfo/
Facebook: https://www.facebook.com/mkbcfo
LinkedIn: https://www.linkedin.com/company/mkbcfo

#millsknowsbills #mkb #financialpodcast #fractionalcfo #resilience #consistiency #businessfinance #businessowner

Mindset Mastery: Turning Adversity Into Achievement | The MKB Podcast Episode 59, Season 7

link to video podcast episode: https://youtu.be/dyEPYcUijkg

Welcome to Season 7 of The MKB Podcast! Host Mills Bender, founder and current CEO of MKB, discusses strategies for business owners and variable income earners to manage their finances effectively.

Join host and current CEO Mills Bender in this episode as she chats with entrepreneur Trevor Cowley about what it takes to be a successful business owner. Trevor shares his inspiring journey of turning a debt-ridden business into a seven-figure success and how resilience, grit, and dedication played a key role. Learn about his experiences, the importance of consistency, and how he leverages his mental resolve from personal challenges to overcome business obstacles. Plus, dive into insights about the Real Business Owners (RBO) Mastermind and how it can help you connect with like-minded entrepreneurs. Don't miss this episode packed with valuable business insights!

To connect with Trevor:
Instagram: https://www.instagram.com/realbusinessowners/
Website: https://joinrbo.com/

Don't forget to subscribe for the latest podcast episodes and more from @mkbcfo

Do you have your own financial questions for MKB? Please visit:
Website: https://mkbcfo.com
Instagram: https://www.instagram.com/mkb_cfo/
Facebook: https://www.facebook.com/mkbcfo
LinkedIn: https://www.linkedin.com/company/mkbcfo

00:00 Introduction and Guest Welcome
00:43 Trevor's Business Journey: From Debt to Success
03:11 The Importance of Resilience and Grit
04:12 Pushing Physical Limits: The 1000-Day Challenge
05:00 Adapting to New Goals and Challenges
06:33 Balancing Business and Personal Life
09:40 Consistency and Overcoming Adversity
18:05 Applying Mental Resolve to Business
19:46 The Unseen Efforts Behind Success
20:57 Mindset: Who's in Control?
21:59 The Importance of Discipline in Business
23:53 Overcoming Overwhelm and Excuses
25:29 Maximizing Productivity and Focus
29:20 The Power of Mastermind Groups
34:38 Final Thoughts and Encouragement

#millsknowsbills #mkb #financialpodcast #fractionalcfo #resilience #consistiency #businessfinance #businessowner

Transition Talk: A New Era for MKB | The Mills Knows Bills Podcast Episode 58, Season 7

Link to video podcast episode: https://youtu.be/J1-d4vWCbd0

Join us in this special episode of The Mills Knows Bills podcast, where Mills Bender, the current CEO of MKB, records her final show before passing the torch to the new CEO, Jen Fizer!

In part two of an interview with Sean Casper, Mills takes the hot seat, revealing insights into the role of a fractional CFO, the growth of Mills Knows Bills, and her personal journey into financial literacy. Learn how MKB has assisted blue-collar businesses with their financial management, and discover how Mills’ passion for helping others led her to found the company. Additionally, Mills shares the seamless process of transitioning to a new CEO and sends her gratitude to all the clients and followers who have supported her work.

To connect with Jen, new CEO and host of The MKB Podcast:
jen@millsknowsbills.com

To connect with Sean and Coastal Investments:
Website: https://www.investwithcoastal.com/
Instagram: https://www.instagram.com/investwithcoastal/

Don't forget to subscribe on YouTube for the latest podcast episodes and more from @mkbcfo
Do you have your own financial questions for MKB? Please visit:
Website: https://mkbcfo.com
Instagram: https://www.instagram.com/mkb_cfo/
Facebook: https://www.facebook.com/mkbcfo
LinkedIn: https://www.linkedin.com/company/mkbcfo

00:00 Introduction and Major Announcement
00:31 Guest Introduction and Episode Overview
00:59 Understanding Mills Knows Bills
02:53 How Clients Find MKB
04:17 Mills' Journey to Becoming a Fractional CFO
07:41 Scope of Services for Blue Collar Businesses
10:49 Managing Client Load and Scaling
13:48 Personal Interests and Hobbies
14:43 Conclusion and Contact Information

#millsknowsbills #mkb #financialpodcast #fractionalcfo #alternativeinvestments #realestate #realestateinvesting #businessfinance #businessowner

Alternative Investments Made Accessible | The Mills Knows Bills Podcast Episode 57

Welcome to Season 7 of The Mills Knows Bills Podcast! Host Mills Bender, founder and current CEO of MKB, discusses strategies for business owners and variable income earners to manage their finances effectively.

Join Mills in this episode as she sits down with Sean Casper, a seasoned real estate professional and partner at Coastal Investment Company, a private real estate investment firm. Sean shares his journey from starting in residential real estate during the recession to managing 3000 agents at Compass, and now helping investors grow their portfolios through alternative investments. The conversation covers the benefits of diversifying into assets like multifamily, self-storage, and growth equity, the advantages of investing through firms like Coastal versus traditional stock portfolios, and how smart tax strategies can optimize returns. Whether you're a business owner planning an exit or simply looking to diversify your investments, this episode is packed with valuable insights on maximizing wealth through real estate and alternative investments.

To connect with Sean and Coastal:
Website: https://www.investwithcoastal.com/
Instagram: https://www.instagram.com/investwithcoastal/

Don't forget to subscribe on YouTube for the latest podcast episodes and more from @mkbcfo

Do you have your own financial questions for MKB? Please visit:
Website: https://mkbcfo.com
Instagram: https://www.instagram.com/mkb_cfo/
Facebook: https://www.facebook.com/mkbcfo
LinkedIn: https://www.linkedin.com/company/mkbcfo

00:00 Welcome and Guest Introduction
00:57 Sean's Background in Real Estate
03:36 Transition to Coastal
07:01 What is Coastal?
09:15 Investment Strategies and Returns
24:07 Tax Benefits and Strategies
29:49 Getting Started with Coastal
32:17 Conclusion and Contact Information

#millsknowsbills #mkb #financialpodcast #fractionalcfo #alternativeinvestments #realestate #realestateinvesting #businessfinance #businessowner

The CFO Advantage: Key Benefits Explored | The Mills Knows Bills Podcast Episode 56, Season 7

Link to video podcast episode: https://youtu.be/M3UoU0XFumY

Welcome to Season 7 of The Mills Knows Bills Podcast! Host Mills Bender, founder and current CEO of MKB, discusses strategies for business owners and variable income earners to manage their finances effectively.

In this episode, Mills continues her insightful discussion with Paul Childers, owner of BlueSky Biz Solutions. Paul dives into essential questions about business finances, including why business owners delay seeking financial help, the roles of bookkeepers, CPAs, and CFOs, and how CFOs can provide real value to growing businesses. They discuss the critical differences between reactive and proactive financial management, and how hiring a CFO can bring peace and enable business growth. Tune in to hear valuable advice on choosing the right financial experts and managing your business finances effectively.

For more personalized advice, contact Paul through his social media or website:
https://blueskybizpro.com/

Don't forget to subscribe for the latest podcast episodes and more from @mkbcfo

Do you have your own financial questions for MKB? Please visit:
Website: https://mkbcfo.com
Instagram: https://www.instagram.com/mkb_cfo/
Facebook: https://www.facebook.com/mkbcfo
LinkedIn: https://www.linkedin.com/company/mkbcfo

00:00 Introduction and Guest Overview
01:06 Why Business Owners Delay Financial Help
04:57 Identifying Financial Issues
06:35 The Role of Bookkeepers, CPAs, and CFOs
11:46 Impact of a CFO on Business Growth
16:27 Choosing the Right CFO
18:12 Conclusion and Final Thoughts

#millsknowsbills #mkb #financialpodcast #businessfinance #entrepreneurialfinance #businessowner #businesscredit #personalcredit #debtmanagement

Understanding Credit: Tips to Empower Businesses | The Mills Knows Bills Podcast Episode 55, Season 7

Link to video episode: https://youtu.be/EXOIT3XJg10

Welcome to Season 7 of The Mills Knows Bills Podcast! Host Mills Bender, founder and current CEO of MKB, discusses strategies for business owners and variable income earners to manage their finances effectively.

In this season premier episode, Mills welcomes business credit expert Paul Childers of BlueSky Biz Solutions. With over three years in the business credit repair and building space, Paul shares invaluable insights on the importance of separating business credit from personal credit. They discuss real-life examples, common misconceptions, and practical tips on how to manage and leverage business credit effectively. Paul also shares some of his success stories, helping business owners navigate the complex world of financing and credit. Tune in to learn how to build robust business credit, improve personal finances, and make informed financial decisions!

For more personalized advice, contact Paul through his social media or website:https://blueskybizpro.com/

Don't forget to subscribe for the latest podcast episodes and more from @mkbcfo

Do you have your own financial questions for MKB? Please visit:
Website: https://mkbcfo.com
Instagram: https://www.instagram.com/mkb_cfo/
Facebook: https://www.facebook.com/mkbcfo
LinkedIn: https://www.linkedin.com/company/mkbcfo

00:00 Welcome and Guest Introduction
00:26 Understanding Business Credit
02:01 Importance of Business Credit
04:10 Challenges with Banks and Business Credit
05:51 Asking the Right Questions
08:00 Resources for Business Owners
09:53 Paul's Journey into Business Credit
13:27 Working with Blue Collar Industries
17:42 The Impact of Business Credit on Personal Finances
18:24 Common Misconceptions About Business Credit
20:11 The Truth About Personal Guarantees
22:17 How We Help Businesses Navigate Credit Challenges
28:04 Success Stories: Real Business Transformations
32:23 How to Reach Out for Help

#millsknowsbills #mkb #financialpodcast #businessfinance #entrepreneurialfinance #businessowner #businesscredit #personalcredit #debtmanagement

Level Up Your Business Game | The Best of Season 6 | The MKB Podcast Episode 54

Link to video podcast episode: https://youtu.be/n3hOLN0oVCs

Welcome to Mills Knows Bills and the MKB Podcast! Get ready for another value-packed episode of MKB with your host, Mills Bender, and relive the best moments of season 6! Dive into business transitions, exits, and scaling with purpose. From mastering your first hire to strategic real estate investing, this episode has it all. 💡 Whether you're an entrepreneur, investor, or someone just getting started, this episode is filled with the insights you need! 🚀 Don't miss it!

Like, share, and comment with your favorite moments from the MKB podcast. Don't forget to subscribe on YouTube for the latest podcast episodes and more from @mkbcfo

#millsknowsbills #mkb #financialpodcast #fractionalcfo #businessfinance #businessowner #businessscaling #bestmoments #bestpodcastmoments

The ROI of Sharing Knowledge | The Best of Season 5 | The MKB Podcast Episode 53

Link to video podcast episode: https://youtu.be/Wzl8rvceuxU

Welcome to Mills Knows Bills and the MKB Podcast! Join us for a wild ride through some of the best moments of Season 5! 🎉 Join Michelle, our new AI narrator, as she tackles everything from crushing high-stakes cash flow issues to overcoming social media insecurities and even breaking down ROI with a steak analogy! 🍖 Whether you're a business newbie or a seasoned entrepreneur, you'll laugh, learn, and nod along with us. Plus, discover the power of community banks and their role in making dreams come true. Buckle up for laughs, lessons, and life-changing tips! 🚀📊

Like, share, and comment with your favorite moments from the MKB podcast. Don't forget to subscribe for the latest podcast episodes and more from @mkbcfo

00:00 Introduction to Mills Knows Bills and the MKB Podcast
00:30 Cash Flow Strategy Masterclass
04:45 Overcoming Social Media Insecurities
09:18 Critical Financial Metrics for Business Owners
13:38 Explaining ROI with a Savory Metaphor
16:48 The Power of Community Banks
20:29 Conclusion and Season Wrap-Up

#mkb #millsknowsbills #fractionalcfo #businessfinance #financialpodcast #bestmoments #bestpodcastmoments