242: From Revenue to Profit: Transforming Your Business’s Financial Health — with Laura Elkaslassy

HerBusiness

Money is one of the most misunderstood topics when it comes to running a business. In fact, way too many business owners run away from the topic of money and finances, of profit and wealth. That’s why we’re excited about this episode of the HerBusiness podcast.

In this episode of HerBusiness, we sit down with Laura Elkaslassy, a seasoned entrepreneur and business strategist, who shares her insights on achieving profitability and sustainable growth in business. Laura delves into the power of the Profit First methodology, the importance of having a clear money strategy, and the mindset shifts necessary to transition into the role of a CEO.

She also shares her personal practices for maintaining focus and balance. This episode is packed with practical strategies and inspiration for women entrepreneurs looking to take their businesses to new heights.

Key Takeaways from this Episode:

-> Discover the power of the Profit First methodology and how it can transform your business's financial health.

-> Learn the importance of having a clear money strategy and understanding your numbers.

-> Understand the mindset shifts necessary to transition into the role of a CEO and effectively manage multiple businesses.

-> Gain insights on maintaining focus and balance through daily practices such as meditation, reading, and exercise.

-> Explore the significance of being part of the right networks, participating in masterminds, and mentoring others for personal and professional growth.

-> Learn from Laura's personal journey of self-reflection and continuous learning to better serve her team and make a greater impact.

-> Laura’s insights on profitability, mindset, and personal growth are invaluable for any woman entrepreneur looking to grow her business.

Remember, as Laura says,

"Being profitable allows you to do the things that you otherwise would kill your business over really if you didn't have that profit in there. And we forget that profitability is actually what allows you to be really purposeful with your money."

So, let's take these lessons and apply them to our businesses. Keep growing, keep learning, and most importantly, keep doing what you love every day.

Mentioned in this episode:

-> Join the HerBusiness Network

-> Profit First Professionals Australia

-> Laura Eklaslassy