Commercial Lending: Smart Borrowing for Business Growth | The Mills Knows Bills Podcast Episode 39, Season 5

Link to video podcast episode: https://youtu.be/ptRt4SipoPE

Welcome to Season 5 of The MKB Podcast! Host Mills Bender, founder and CEO of Mills Knows Bills, discusses strategies for business owners and variable income earners to manage their finances effectively. Let's get to those burning financial questions!

In this episode, Mills welcomes guest Brett Childers, an expert with over 24 years of experience in commercial lending. Brett discusses his transition into consulting for credit unions and small banks to enhance their commercial and small business sectors. The podcast delves into the most common types of business loans, the importance of pairing with the right consultant, and the pitfalls business owners face in securing financing. Brett shares insights on overcoming lending challenges and offers advice on ensuring sustainable business growth. This episode is a must-watch for variable income earners and business owners looking to master their financial strategies by borrowing wisely!

To connect with Brett:

321.356.3860

Do you have your own burning financial question for Mills or the MKB team?

Email: info@MillsKnowsBills.com

Website: https://MillsKnowsBills.com

Instagram: https://instagram.com/@millsknowsbills

LinkedIn: https://www.linkedin.com/company/mills-knows-bills

00:00 Introduction to Mills Knows Bills

00:53 Meet Our Guest: Brett Childers

01:29 Brett's Journey in Commercial Lending

02:53 Understanding Business Loans

06:52 The Importance of Debt Service

08:39 Real-Life Lending Stories

20:14 Navigating Business Credit

27:58 Environmental Considerations in Lending

30:34 Final Advice and Contact Information

#financialpodcast #millsknowsbills #podcast #businessinsurance #entrepreneurfinances #variableincome #businessfinances #commerciallending #businessloans

From Cashflow to Marketing: Crucial Financial Metrics | The Mills Knows Bills Podcast Episode 38, Season 5

Link to video podcast episode: https://youtu.be/wf-oDMvCAEk

Welcome to Season 5 of The MKB Podcast! Host Mills Bender, founder and CEO of Mills Knows Bills, discusses strategies for business owners and variable income earners to manage their finances effectively. Let's get to those burning financial questions!

In this episode, Mills welcomes insurance specialist Jeff Rountree back to the show to continue the conversation about crucial financial metrics every business owner should monitor. Mills highlights the importance of cash flow projection and tracking your company's net worth. They also discuss strategic marketing techniques, particularly the importance of consistency and doubling down during slower seasons. Lastly, Mills provides insightful advice on financial planning to support growth and operational strategies. Don’t miss out on these invaluable tips for ensuring a healthy financial trajectory for your business!

To connect with Jeff:

Website: https://www.therountreeagency.com/

Office phone: 904.539.4637

Do you have your own burning financial question for Mills or the MKB team?

Email: info@MillsKnowsBills.com

Website: https://MillsKnowsBills.com

Instagram: https://instagram.com/@millsknowsbills

LinkedIn: https://www.linkedin.com/company/mills-knows-bills

00:00 Introduction and Welcome

00:46 Key Financial Metrics for Business Owners

01:54 Indicators of Financial Health

02:54 Effective Marketing Strategies

05:00 Financial Strategies for Growth

07:04 Conclusion and Next Steps

#financialpodcast #millsknowsbills #podcast #businessinsurance #entrepreneurfinances #variableincome #financialmetrics #businessfinance

Commercial Insurance: Protecting Your Business Legacy With Engaging Tips from an Insurance Specialist | The Mills Knows Bills Podcast Episode 37, Season 5

Link to video podcast episode: https://youtu.be/r2iIjRHSod0

Welcome to Season 5 of The MKB Podcast! Host Mills Bender, founder and CEO of Mills Knows Bills, discusses strategies for business owners and variable income earners to manage their finances effectively. Let's get to those burning financial questions!

In this season premier episode, Mills welcomes Jeff Rountree, an expert in commercial insurance, to discuss the importance of insurance for business owners. They dive deep into the significant role that insurance plays in protecting businesses, especially those with variable incomes, and how it helps to mitigate risks. Jeff shares his extensive experience and explains various types of insurance coverages, including Employment Practices Liability Insurance (EPLI) and the innovative concept of Captive Insurance. The episode also covers practical advice for business owners on when to review insurance policies, how to handle new hires, and the considerable advantages of being proactive about insurance. With an engaging discussion and useful tips, this podcast is a must-listen for any business owner looking to safeguard their financial future.

To connect with Jeff:

Website: https://www.therountreeagency.com/

Office phone: 904.539.4637

Do you have your own burning financial question for Mills or the MKB team?

Email: info@MillsKnowsBills.com

Website: https://MillsKnowsBills.com

Instagram: https://instagram.com/@millsknowsbills

LinkedIn: https://www.linkedin.com/company/mills-knows-bills

Subscribe to our YouTube channel for the latest from The Mills Knows Bills Podcast and MKB:

https://youtube.com/@MillsKnowsBills

00:00 Introduction to The Mills Knows Bills Podcast

01:04 Season Kickoff and New Format

01:34 Guest Introduction: Jeff Rountree

01:53 Jeff's Journey into Insurance

04:47 Understanding Business Insurance

06:42 Common Insurance Mistakes

10:39 Advice for Business Owners

28:52 Captive Insurance Explained

34:51 Contact Information and Conclusion

#financialpodcast #millsknowsbills #podcast #entrepreneurfinances #variableincome #insurance #commercialinsurance #businessinsurance

Growth Mindset: How a Growth Mindset Can Lead to Health and Wealth | The MKB Podcast Episode 36, Season 4 Finale

Link to video podcast episode: https://youtu.be/Ny6WMkawLv0

Welcome to The Mills Knows Bills Podcast! Host Mills Bender, founder and CEO of MKB, discusses strategies for business owners and variable income earners to manage their finances effectively. Let's get to those burning financial questions!

Welcome to the final episode of season 4! In this finale, Mills discusses the importance of financial management for blue-collar business owners with Joe Gallo, one of MKB's sales and account managers. Together, they explore how poor financial decisions impact employee morale and business growth, share insights on proactive financial planning, and emphasize the significance of taking care of your team. Don't miss this insightful conversation on mastering fluctuating incomes and creating a financially healthy business environment.

Contact Gallo here for more information:

gallo@millsknowsbills.com

Do you have your own burning financial question for Mills or the MKB team?

Email: info@MillsKnowsBills.com

Website: https://MillsKnowsBills.com

Instagram: https://instagram.com/@millsknowsbills

LinkedIn: https://www.linkedin.com/company/mills-knows-bills

Subscribe on YouTube for the latest from The Mills Knows Bills Podcast and MKB: https://youtube.com/@MillsKnowsBills

00:00 Welcome to Mills Knows Bills

01:10 Introducing Gallo: A New Perspective

02:21 Challenges Faced by Blue Collar Employees

04:00 The Importance of Financial Management

09:08 Proactive Financial Planning

10:31 Advice for Blue Collar Business Owners

11:45 Conclusion and Contact Information

#financialpodcast #millsknowsbills #MKB #podcast #financialquestions #variableincome #smallbusinessfinance #entrepreneurfinances #growthmindset

Financial Stress: What Causes It, and How Do We Fix It? | The Mills Knows Bills Podcast | Episode 35, Season 4

Link to video podcast episode: https://youtu.be/D7V0md9U_Mk

Welcome to The Mills Knows Bills Podcast! Host Mills Bender, founder and CEO of MKB, discusses strategies for business owners and variable income earners to manage their finances effectively. Let's get to those burning financial questions!

In this episode of the MKB Podcast, Mills addresses common financial stresses faced by blue collar business owners, with a focus on cash flow management. She discusses the root causes of financial stress, short-term fixes such as cutting expenses and collecting overdue receivables, and long-term strategies like negotiating vendor prices, raising prices strategically, and improving team efficiency. Tune in to learn how to master your money, maintain a steady cash flow, and turn your business into a profitable asset.

Do you have your own burning financial question for Mills or the MKB team?

Email: info@MillsKnowsBills.com

Website: https://MillsKnowsBills.com

Instagram: https://instagram.com/@millsknowsbills

LinkedIn: https://www.linkedin.com/company/mills-knows-bills

Subscribe to the MKB YouTube channel for the latest: https://youtube.com/@MillsKnowsBills

00:00 Introduction to Mills Knows Bills

00:53 Welcome Back: Addressing Business Owners' Financial Questions

01:22 Tackling Financial Stress for Blue Collar Business Owners

03:43 Common Cash Flow Mistakes and Solutions

06:59 Strategies for Maintaining Profitability Without Raising Prices

08:48 Conclusion and How to Get Help from Mills Knows Bills

#financialpodcast #millsknowsbills #podcast #mkb #entrepreneurialfinance #bluecollar #smallbusiness #variableincome

Common Struggles: Everyday Questions for MKB | The Mills Knows Bills Podcast Episode 34, Season 4

Link to video podcast episode: https://youtu.be/k2w8dg0jWKE

Welcome to The Mills Knows Bills Podcast! Host Mills Bender, founder and CEO of MKB, discusses strategies for business owners and variable income earners to manage their finances effectively. Let's get to those burning financial questions!

In this episode, Mills takes a conversational approach, and answers some of the common questions that she gets asked. Along with marketing team member Chloe, she discusses the challenges small business owners face with budgeting and offers tactical advice on establishing and maintaining personal and business budgets. The episode also outlines a step-by-step guide on how to review finances weekly, monthly, and quarterly, emphasizing the importance of proactive financial planning.

Do you have your own burning financial question for Mills or the MKB team?

Contact her here:

Email: info@MillsKnowsBills.com

Website: https://MillsKnowsBills.com

Instagram: https://instagram.com/@millsknowsbills

LinkedIn: https://www.linkedin.com/company/mills-knows-bills

Subscribe on YouTube for the latest from MKB: https://youtube.com/@MillsKnowsBills

00:00 Introduction to Mills Knows Bills

01:03 Today's Episode Structure

01:37 Common Financial Questions

02:35 Creating Accurate Budgets

05:05 Implementing Your Budget

05:31 Consistent Financial Reviews

09:32 Long-term Financial Planning

10:43 Conclusion and Next Steps

#financialpodcast #millsknowsbills #MKB #podcast #financialquestions #variableincome #smallbusinessfinance #entrepreneurfinances

Profit Margins: How to Raise Them | The Mills Knows Bills Podcast Episode 33, Season 4

Link to video podcast episode: https://youtu.be/G5bPVlgrgHw

Welcome to The Mills Knows Bills Podcast! Host Mills Bender, founder and CEO of MKB, discusses strategies for business owners and variable income earners to manage their finances effectively. Let's get to those burning financial questions!

In this episode of the MKB Podcast, Mills is once again joined by fractional CFO Christian Wilson. Together, they tackle a common financial challenge faced by variable income earners: understanding and improving gross profit margin. The pair offer practical advice on renegotiating costs and vendor relationships, strategies for scaling service businesses effectively, and emphasize the importance of aligning business goals with personal aspirations.

Tune in to get the insights you need to make an informed choice for your business. Subscribe for more from Mills Bender and MKB on YouTube: https://youtube.com/@MillsKnowsBills

Connect with Christian: Christian@MillsKnowsBills.com

Do you have your own burning financial question for Mills or the MKB team? Contact her here:

Email: info@MillsKnowsBills.com

Website: https://MillsKnowsBills.com

Instagram: https://instagram.com/@millsknowsbills

LinkedIn: https://www.linkedin.com/company/mills-knows-bills

00:00 Introduction to Mills Knows Bills

00:49 Meet the Team and Today's Question

01:38 Understanding Gross Profit Margin

02:42 Improving Your Gross Profit Margin

06:26 Scaling Your Service Business

08:47 Aligning Business Goals with Personal Goals

10:53 Final Thoughts and Contact Information

#financialpodcast #podcast #millsknowsbills #entrepreneurialfinance #smallbusiness #variableincome #profitmargin #scalingbusiness

Pricing Strategy: Hurting Your Bottom Line? | The Mills Knows Bills Podcast Episode 32, Season 4

Link to video podcast episode: https://youtu.be/s7AID_xDs_0

Welcome to The Mills Knows Bills Podcast! Host Mills Bender, founder and CEO of MKB, discusses strategies for business owners and variable income earners to manage their finances effectively. Let's get to those burning financial questions!

In this episode, Mills welcomes back fractional CFO Christian Wilson to discuss your business's pricing strategy, and how it may be hurting your bottom line. The pair discuss factors that should be included in your pricing decisions, and how those prices may reflect on the products and services being offered. They also address the financial difficulties of slow seasons, and how to keep from running out of money.

Tune in to get the insights you need to make an informed choice for your business. Subscribe on YouTube for more from MKB: https://youtube.com/@MillsKnowsBills

Connect with Christian:

Christian@MillsKnowsBills.com

Do you have your own burning financial question for Mills?

Contact her here:

Email: info@MillsKnowsBills.com

Website: https://MillsKnowsBills.com

Instagram: https://instagram.com/@millsknowsbills

LinkedIn: https://www.linkedin.com/company/mills-knows-bills

00:00 Introduction to The Mills Knows Bills Podcast

01:02 Meet Mills' Special Guest: Christian Wilson

01:25 The Burning Financial Question: How Is My Pricing Strategy Affecting My Bottom Line?

05:45 Follow-up Question: Why Do I Run Out of Money During Slow Seasons?

10:43 Episode Wrap-Up and Contact Information

#financialpodcast #millsknowsbills #entrepreneurialfinance #variableincome #smallbusiness #pricingstrategy #bottomline