Cultivating an Entrepreneurial Mindset for Success with Dianne Welsh

10/23/23 • 18 min

“There’s never gonna be a perfect time to start a business. There’s never gonna be a perfect time to start calling yourself an entrepreneur until you actually start doing it.”
— Dianne Welsh
Here’s the deal: success isn’t some kind of magic trick. It starts when you decide to go on an adventure and grab opportunities offered to you. When it comes to building a business, you turn these opportunities into action-packed episodes that coincide with the difference you want to leave.
As entrepreneurs, your top-notch priority should be making sure you’ve got all your bases covered. You want to ensure that you examine every bits and pieces that are essential in making these opportunities successful. Once you grasp these insights, you plan out your strategy and get into action mode.
Business is not a simple game where you just join and see how it goes. You go through your business, prepare a succession plan, and actually critique how the opportunity will work its way to success.
Listen to this episode to learn:‌

Why having an entrepreneurial mindset leads to success
Why the key to creating a successful business is having a business financial management
How successful entrepreneurs put opportunities into action
How an entrepreneur deals with challenges of generational wealth
How global opportunities for entrepreneurs contribute to keeping a sustainable business

Highlights:‌

01:29: The Entrepreneurial Mindset

03:32: Qualities possessed by successful Entrepreneurs

06:02: Business Finance as key to Creating Successful Business

07:18: The Entrepreneurial Family Business book

11:11: Problems faced by Family-Based Businesses

13:32: Dealing with challenges of Generational Wealth

15:58: Awareness on Global Entrepreneurship Opportunities
Links:‌ ‌
Dianne Welsh
https://diannewelsh.wp.uncg.edu/LinkedIn: https://www.linkedin.com/in/dianne-welsh-9755989/The Entrepreneurial Family Business: From Survival to Success: https://he.kendallhunt.com/product/entrepreneurial-family-business-survival-successCash Confident: An Entrepreneur's Guide to Creating a Profitable BusinessMain websiteCash Clarity CourseApply to Work With MeMini-course: The Debt Repayment CalculatorMini-course: Pay YourselfMini-course: Personal Net Worth CalculatorMini-course: The Ultimate Budget BinderFollow me on:
IG: @melissa

Work with me:

Book a 90-minute Strategy Call

Follow me on:

IG: @melissahoustoncpa
LinkedIn: @melissahoustoncpa

Why having an entrepreneurial mindset leads to success
Why the key to creating a successful business is having a business financial management
How successful entrepreneurs put opportunities into action
How an entrepreneur deals with challenges of generational wealth
How global opportunities for entrepreneurs contribute to keeping a sustainable business

Highlights:‌

01:29: The Entrepreneurial Mindset

03:32: Qualities possessed by successful Entrepreneurs

06:02: Business Finance as key to Creating Successful Business

07:18: The Entrepreneurial Family Business book

11:11: Problems faced by Family-Based Businesses

13:32: Dealing with challenges of Generational Wealth

Work with me:

Book a 90-minute Strategy Call

Follow me on:

IG: @melissahoustoncpa
LinkedIn: @melissahoustoncpa

Previous Episode

Maximizing Cash Efficiency in Business

“Cash is queen and with the right strategies, you can manage it wisely and achieve long-term prosperity.”
—Melissa Houston
When running a business, cash flow is absolutely critical. As business owners, we are responsible for making sure that the cash moving in and out of business is managed properly.
Why is it crucial to avoid running out of cash? Cash is the lifeblood of your financial obligations. And let me tell you, it’s not just about keeping cash at hand; it’s about fueling your business’s success. When you’ve got a healthy cash flow while your business profits, that’s when you can really invest in driving your business toward success.
And as most businesses gear up with their business financial planning for 2024, take into consideration strategies that can help you manage to stay and have a positive cash flow that can earn your chance to invest more in your business.
Listen to learn:‌

Why business owners need to have their business financial plan ready for 2024
Why having a cash management system is essential for every business
Why do businesses need to set up a cash reserve
How does closely monitoring the inflow and outflow of funds impact the overall performance of a business
How can business owners keep track of their accounts receivable
How automating bill payment keeps business expenses under control
How can business owners improve and gain positive cash flow in business

Highlights:‌
03:07: Gearing Up the Business Financial Planning for 2024
05:32: Business Cash Management
06:33: Profitability and Positive Cash Flow
07:17: Key Cash Management Strategies: Managing Cash Flow
08:23: Key Cash Management Strategies: Set Up a Cash Reserve
10:06: Key Cash Management Strategies: Tracking your Accounts Receivable
11:10: Key Cash Management Strategies: Automate BIll Paying
12:10: Key Cash Management Strategies: Improve Cash Flow in Business
13:35: Evaluate inventory management practices
14:42: Done in a Day Service Program
Links:‌ ‌

Follow me on:
IG: @melissahoustoncpaLinkedIn: @melissahoustoncpa

Work with me:

Book a 90-minute Strategy Call

Follow me on:

IG: @melissahoustoncpa
LinkedIn: @melissahoustoncpa

Next Episode

Boosting Business Profit through Mastering Sales Conversion Tracking

“The bottom line is that tracking your sales conversion is an essential step towards driving your business profit and ensuring that your business profit continues to grow and thrive, and not just your profit, but your sales and your whole business.”
—Melissa Houston
What sets a business up for success? It should have the capacity for profitability and scale.
Making a profit in your business can be tough, especially in a challenging economy. In this episode, we emphasize that tracking sales conversions is not just about boosting profit but about fostering a holistic and thriving business.
Smart business owners take into consideration their marketing and sales performance indicators. Why? Because when you are critical about your marketing and sales, you learn what’s working and what needs to improve to achieve sustainability.
Success in business does not happen in an instant. It truly takes time and effort, no doubt about it. But here’s the secret: investing your time and effort to wholeheartedly grasp your business’s financial data and sales will provide you with the necessary foundation for your business to thrive.
Listen to learn:‌

Why tracking sales conversions improves business profit
Why business owners must understand the marketing and sales KPIs in their business
Why determining the customer needs is beneficial in improving your sales
How to reach the right people to help meet your business goals
How tracking your sales helps improve the return on investment for your business

Highlights:‌
01:12: The root cause of money problems in business
02:47: Three profit drivers in business
02:53: Path Profitability Masterclass and Unlock Your Pricing Strategies Podcast
04:21: Marketing and Sales KPIs
05:40: Proper outsourcing and hiring of people for your business
06:19: Importance of tracking sales conversions to increase profit in business
07:02: Understanding your return on investment
10:12: Knowing what your customer needs
11:30: Identifying the potential for improvement
13:36: The key step in improving your business profit
Links:‌ ‌