How To Get Your Social Enterprise's Finances Right with John Geiwitz - Part 2

03/21/23 • 32 min

Did you know that it is never too late to rebuild the books of your social enterprise?

Today, I'm very excited to share the second part of my interview with the award-winning Business Broker, John Geiwitz.

During the first part of our conversation, we went through some of the industry's taboos, debunked myths, and cleared doubts about what every social entrepreneur should know and what they shouldn't be embarrassed about not knowing. In this second part, we delve into social enterprises' continuity, systems and processes, the freeing power of delegating, and more.

Tune in and listen to hear John's advice on the need and possibilities of rebuilding your books, why social entrepreneurs should start with the end in mind, why you should pay close attention to how you spend your time, and more.

In This Episode, You Will Learn:

An example of books in need of some adjustments (3:25)

Does money coming into your bank account mean your business is profitable? (6:08)

How to begin with the end in mind (9:01)

About social enterprises' continuity (11:36)

Run it like a business, even if profit is not the ultimate goal (17:56)

Analysis paralysis vs. jumping into opportunities at the right time (22:55)

Connect with John:

John Geiwitz’s Website

Email: [email protected]

Resources:

The Art of Thinking Brilliantly

Book: Mark Victor Hansen - The Aladdin Factor

Book: Michael Gerber - The E-Myth Revisited: Why Most Small Businesses Don't Work and What to Do About It

Book: Jack Canfield - The Success Principles(TM) - 10th Anniversary Edition: How to Get from Where You Are to Where You Want to Be

Quiz! What's Your Social Entrepreneur Style?

5 Mindset Pitfalls to Avoid Workshop Registration March 14, 2023

Avant-garde Entrepreneur Foundations Waitlist for March 2023

Let's Connect!

Website

Facebook

Hosted on Acast. See acast.com/privacy for more information.

Did you know that it is never too late to rebuild the books of your social enterprise?

Today, I'm very excited to share the second part of my interview with the award-winning Business Broker, John Geiwitz.

In This Episode, You Will Learn:

An example of books in need of some adjustments (3:25)

Does money coming into your bank account mean your business is profitable? (6:08)

How to begin with the end in mind (9:01)

About social enterprises' continuity (11:36)

Run it like a business, even if profit is not the ultimate goal (17:56)

Analysis paralysis vs. jumping into opportunities at the right time (22:55)

Connect with John:

John Geiwitz’s Website

Email: [email protected]

Resources:

The Art of Thinking Brilliantly

Book: Mark Victor Hansen - The Aladdin Factor

Book: Michael Gerber - The E-Myth Revisited: Why Most Small Businesses Don't Work and What to Do About It

Book: Jack Canfield - The Success Principles(TM) - 10th Anniversary Edition: How to Get from Where You Are to Where You Want to Be

Quiz! What's Your Social Entrepreneur Style?

5 Mindset Pitfalls to Avoid Workshop Registration March 14, 2023

Avant-garde Entrepreneur Foundations Waitlist for March 2023

Let's Connect!

Website

Facebook

Hosted on Acast. See acast.com/privacy for more information.

Previous Episode

How To Get Your Social Enterprise's Finances Right with John Geiwitz - Part 1

Do you pretend you fully understand what's happening in your enterprise's books just because you are too embarrassed to ask?

Today, I'm thrilled to welcome John Geiwitz to the show. John is an award-winning Business Broker with over 20 years of experience in mergers and acquisitions, passionate about helping people buy and sell all kinds of businesses.

Being a social entrepreneur implies that we wear many hats, multiply ourselves, and put down all kinds of fires. Yet that doesn't mean we MUST know all about everything. Understanding our books and income statements is crucial to make a bigger impact, and if we want to understand them fully, it's okay to ask a professional for a helping hand.

In the first part of this two-part series with John, you'll learn about the common mistakes most social entrepreneurs make when starting their businesses, why it is essential to learn about an enterprise's finances, and the best ways to do it. You'll also hear John's best advice for newcomers to the social entrepreneurship space, some of the best leadership practices, and more.

In This Episode, You Will Learn:

A bit about John's background, credentials, and expertise (2:26)

Social entrepreneurs' most common mistakes and how to avoid making them (9:40)

The best ways to learn more about your books and income statements (13:15)

What would John do if he had to start a business today (21:39)

Connect with John:

John Geiwitz’s Website

Email: [email protected]

Resources:

The Art of Thinking Brilliantly

The Art of Thinking Brilliantly - Clip on YouTube

Book: Mark Victor Hansen - The Aladdin Factor

Book: Michael Gerber - The E-Myth Revisited: Why Most Small Businesses Don't Work and What to Do About It

Book: Jack Canfield - The Success Principles(TM) - 10th Anniversary Edition: How to Get from Where You Are to Where You Want to Be

Quiz! What's Your Social Entrepreneur Style?

5 Mindset Pitfalls to Avoid Workshop Registration March 14, 2023

Avant-garde Entrepreneur Foundations Waitlist for March 2023

Hosted on Acast. See acast.com/privacy for more information.

Next Episode

Allow Your Inner Voice To Run Your Social Enterprise with Sharon Williams

As a social entrepreneur, what is the best way to be purposeful, financially stable, and do humanitarian work successfully?

Today, I'm thrilled to welcome Sharon Williams, a lifelong server, founder, dear friend, a traveling partner. She dedicated her whole life to serving others; Sharon is an expert in fundraising, helping people in crises, rallying people around the cause, and relying on her higher power while being a mother of four.

Sharon is the Founder of Act4 The Nations, DAWN (Divorce Aftercare Women Need), and Women Alive, the Author of two books, and is currently working with anti-human trafficking organizations.

Tune in and listen to the twenty-ninth episode of Avant-garde Entrepreneur. You will hear Sharon's perspective on the humanitarian side of running a social enterprise, her experiences after a whole life of being at service and traveling the world, and her best advice about "where to start" when initializing the social entrepreneur journey.

Additionally, you'll learn how she mentors leaders through tough times, her experiences as an author, the questions most social entrepreneurs ask themselves, how important it is to stay in tune with your intuition, and more.

In This Episode, You Will Learn:

Some background about Sharon and her impressive work (2:12)

What is Act 4 The Nations about (5:13)

How to deal with the fear of making mistakes (9:03)

Sharon's advice for leaders who take a misstep (18:52)

As a social entrepreneur, is staying in tune with the inner voice crucial? (21:43

Sharon shares her experiences writing her two books (25:19)

Resources:

Quiz! What's Your Social Entrepreneur Style?

5 Mindset Pitfalls to Avoid Workshop Registration August 15, 2023

Avant-garde Entrepreneur Foundations Waitlist for August 2023

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