Episode Details

What’s the difference between making money on the side, and running a business? There are probably dozens of ways to answer that, but if I had to answer, I’d say that it has to do with how you manage your money. Early in the WordPress space, people were learning they could make money with their work, but we’re managing it properly. I think we’re seeing something similar in the creator space, so I’ve brought in Profit Expert Nev Harris to tell us the 4 ways to find hidden profit in your business and get your finances in order.

Top Takeaways:

• People say, “you have to spend money to make money,” but Nev says, “spend smart money to make money.” Buying the latest and greatest CRM, microphone, or computer will actually make you money. But hiring a VA might.
• You need to find profit in your business by getting out of the dark. Nev says you need to focus on 4 areas: Revenue, Profit, Expenses, and Efficient. Start slow and pick one per quarter.
• When it comes to efficiency, If you’re spending too much time doing the work, you’re chasing pennies and leaving dollars on the floor. Get to a place where you only do what you need to do.

Show Notes: 

• Nev Harris
• Nev on Linkedin
• Nev on Twitter
• Stroop Effect
• Profit First
• Agile Development
• Free Expense Killer
• Join the Creator Crew

Sponsored by: Nexcess | TextExpander | LearnDash

————
Streamlined Solopreneur helps overwhelmed solo business owners go from overwhelmed to having their time back.

Each week, Joe Casabona shares one practical idea — a system, tool, or strategy to help you get your time back without selling your soul to AI...and run your business without sacrificing the rest of your life, or your health.

Looking for a place to start? Take the Solo Systems Starter Quiz. 60 seconds, 8 questions, and I will tell you what system you should build first, and exactly how to build it. https://streamlined.fm/quiz 

Connect with Joe on LinkedIn: https://www.linkedin.com/in/jcasabona/