EP17: How Grants and Cohort Programs Fuel Business Expansion

05/02/24 • 47 min

From Chaos to Clarity: Unlocking Your Business Potential

Summary:
In this episode, host Sonja Jones interviews entrepreneur Issa Gray, owner of E-Ray AG, a jewelry brand dedicated to empowering black women. Issa shares her experience working with GFB Financials through the Her Pro Bono program, where they helped her establish financial systems for her business. They discuss the importance of knowing your numbers, tracking income and expenses, and using data to plan for growth. Issa emphasizes the value of investing in experts and participating in cohort programs to gain support and learn from other entrepreneurs. The episode concludes with Issa sharing her social media handles and encouraging listeners to embrace abundance and prosperity.
Takeaways:
- Establishing financial systems is crucial for business growth and success.
- Tracking income and expenses allows for better financial planning and decision-making.
- Investing in experts and participating in cohort programs can provide valuable support and learning opportunities.
- Embracing an abundance and prosperity mindset is important for business growth and personal well-being.
00:00 - Introduction and Background
01:31 - Establishing Financial Systems
06:43 - The Her Pro Bono Program
07:41 - Application Process and Financial Priorities
09:10 - The Transformation of Knowing Your Numbers
12:01 - Celebrating Wins and Setting Goals
19:27 - Collaboration and Networking in Cohort Programs
23:45 - Using Data for Planning and Growth
28:05 - Investing in Experts and Building a Team
35:25 - Investing in Self-Care and Personal Growth
38:09 - Importance of Investing in Experts
45:30 - Embracing Abundance and Prosperity Mindset
Financial Freedom Roadmap:
https://bit.ly/3U1lZJg
Purchase the Business Finance Blueprint: https://buy.stripe.com/5kA03O4N00y6gog3cc
#grants #finance #buildingyourbrand #business #businesssuccess #podcastthursday
🌟 Stay connected and dive deeper into the world of From Chaos to Clarity: Unleash Your Business Potential! 🌐✨ Follow us on social media for exclusive content, behind-the-scenes glimpses, and updates on the latest episodes. 🎙️ Join our community and be part of the conversation!
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Previous Episode

EP16: Essential Financial Metrics for End-of-Year Planning

Summary:
In this episode, Sonja Jones discusses end-of-year planning for entrepreneurs. She provides several key metrics that every entrepreneur should track, including net profit, top income months, top expenses, accounts receivable, accounts payable, and cash on hand. These metrics help entrepreneurs assess their financial health and make informed decisions for the upcoming year. Sonja also emphasizes the importance of separating personal and business funds and offers tips for reducing expenses and improving cash flow. Overall, this episode provides valuable insights and practical advice for entrepreneurs to plan and manage their finances effectively.
Takeaways:
- Track key financial metrics, such as net profit, top income months, top expenses, accounts receivable, accounts payable, and cash on hand.
- Separate personal and business funds to maintain financial clarity and avoid cash flow issues.
- Reduce expenses by exploring cost-saving strategies, negotiating with vendors, and optimizing subscriptions.
- Improve cash flow by monitoring accounts receivable, sending timely reminders for payment, and managing accounts payable.
- Use the end-of-year financial data to plan for the upcoming year and make informed decisions for funding and growth.
Chapters
00:00 - Introduction and Context
05:27 - Strategies for Reducing Expenses and Improving Cash Flow
09:56 - Monitoring Accounts Receivable and Managing Accounts Payable
16:36 - Planning for Funding and Growth in the Upcoming Year
Financial Freedom Roadmap:
https://bit.ly/3U1lZJg
Purchase the Business Finance Blueprint: https://buy.stripe.com/5kA03O4N00y6gog3cc
#grants #finance #buildingyourbrand #business #businesssuccess #podcastthursday
🌟 Stay connected and dive deeper into the world of From Chaos to Clarity: Unleash Your Business Potential! 🌐✨ Follow us on social media for exclusive content, behind-the-scenes glimpses, and updates on the latest episodes. 🎙️ Join our community and be part of the conversation!
Instagram: https://www.instagram.com/gip_financials/
LinkedIn: https://www.linkedin.com/in/sonja-jones-virtual-accountant-%F0%9F%93%8A-9021542b/
Facebook: https://www.facebook.com/GIP.FINANCIA...
Tiktok: https://www.tiktok.com/@damoneylady?i...

Next Episode

EP18: The Importance of Financial Policy and Internal Control Narrative for Nonprofits

Summary:
In this episode, Sonja Jones discusses the importance of two documents that every nonprofit should have: a financial policy and an internal control narrative. She explains the purpose of each document and provides examples of what should be included. Sonja emphasizes the importance of these documents for compliance and accountability. She also offers assistance to nonprofits in creating these documents.
Chapters:
00:00 - Introduction and Greetings to Nonprofits
01:09 - Importance of Financial Policy and Internal Control Narrative
11:22 - Standard Operating Procedures in the Internal Control Narrative
21:01 - Assistance Available for Creating Financial Policy and Internal Control Narrative
21:56 - Conclusion and Call to Action
Financial Freedom Roadmap:
https://bit.ly/3U1lZJg
Purchase the Business Finance Blueprint: https://buy.stripe.com/5kA03O4N00y6gog3cc
#grants #finance #buildingyourbrand #business #businesssuccess #podcastthursday
🌟 Stay connected and dive deeper into the world of From Chaos to Clarity: Unleash Your Business Potential! 🌐✨ Follow us on social media for exclusive content, behind-the-scenes glimpses, and updates on the latest episodes. 🎙️ Join our community and be part of the conversation!
Instagram: https://www.instagram.com/gip_financials/
LinkedIn: https://www.linkedin.com/in/sonja-jones-virtual-accountant-%F0%9F%93%8A-9021542b/
Facebook: https://www.facebook.com/GIP.FINANCIA...
Tiktok: https://www.tiktok.com/@damoneylady?i...