The Purposeful Business Owner with Y. Michelle Coard

The Purposeful Business Owner is dedicated to fulfilling his or her reason for serving others or to spark an area of service that needs to be changed.

We all have gifts and talents that we use in different ways to service our calling or purpose.

Often, business owners are so busy with the day to day of business that we forget our "Why." The why is the reason we started our business. Having a purposeful why will encourage the business owner through very tough times and allow the business owner to continue serving their customers/clients with value.

Episode 3

Dori Staehle of "Rock The Next Stage" Get Unstuck and Move Forward in Your Live!

 "Embracing My Creativity"

Dori Staehle is Business Coach and Author of "Finding My Divine Rhythm.", She's a former band manager, educational consultant, and professor.  Dori is very strong in helping business owners with branding, social media, and networking. Dori has an MBA in Finance, and has graduate and post-graduate work in gifted education and gifted psychology, 20 years in educational consulting,

She says, "15 years in the music biz doing booking, promo, marketing, management, and coaching, and 5 years in international banking in NYC, Serial entrepreneur." -Dori

Dori is also my business coach and friend. She helps me embrace my purpose and helps me to navigate through the tough business moments. She celebrates the happy moments with me as well! Dori has shown me how to embrace my gifts and creativity to help me move my business to new levels!

Dori's story is inspirational and is a glowing example of what it takes to whether the entrepreneur field! And Dori is not afraid to be different!! I dare you to be different to..Dori can show you how!

Watch the webcast for helpful tips about how Dori brings out the creativity in others and hear special tips for business owners.

One tip Dori would like to share is

"One tip I'd give to business owners is to be flexible."

Find out more about Dori!

website: www.rockthenextstage.com

FB: www.facebook.com/rockthenextstage

Twitter: @rocknextstage

LinkedIn: Dori Staehle

MBA Google+: +DoriStaehle

Youtube: www.youtube.com/user/rockthenextstage.

Produced, Recorded, and Written by Y. Michelle Coard of B&P Accounting Solutions, Corp.

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Watch Episode 1 of "The Purposeful Business Owner with Y. Michelle Coard"  with "Semonna McNeil of New Client Magnet"  "Building Your Business One Client at a Time"

Watch Episode 2 of "The Purposeful Business Owner with Y. Michelle Coard" with "Rae Jenkins of Breakthru with Rae and Legal Shield" "Protecting Your Money"

Knowing our value brings the benefits of increased income. However, the thought of increased income often brings up anxiety for many. The increase is desired but handling taxes on that income can be somewhat disappointing. Most taxpayers believe they have to pay at least 50% income tax on business income. Therefore, one of three things may occur:

1. A portion of the income is unreported (cash sales)
2. Incomplete records to avoid documenting the income (no bookkeeping)
3. Services are given away instead of priced and billed. (the business owner may feel undeserving or fearful of taxes)

If you have ever said to yourself, "I don't need the extra money, I have enough because the taxes are just too stressful anyway." You have a money block due to fear of taxable income. Eventually, your income sources will cost more money in the end and you will end up with a money leak due to being disobedient with finances. Haggai 1:6 You have planted much, but harvested little. You eat but never have enough. You drink but never have your fill. You put on clothes but are not warm. You earn wages, only to put them in a purse with holes in it."  

First ever podcast of the "About God's Business" podcast.  I will take you on the journey of building a Christ-centered business as well as past lessons and mistakes of building a business.  We will also relate this to living a Christ-like life in business and personal lives.

KJV- Luke 2:49 - "And he said unto them, How is it that ye sought me? wist ye not that I must be about my Father's business?"

Encouraging Business Owners!

 Y. Michelle Coard, President and Profit Strategist.

#moneymanagement #cashflow #Christianityandmoney #Christianbusinessowner #womenChristianbusinessowner #smallaccountingcompanies

I have seen and felt the differences between the world's business practices and those God is directing me to as a Kingdom business owner.   I have worked for many companies.  Large, small medium companies and their practices are similar.  Most companies follow the formula of other corporations instead of the leading of the Holy Spirit.  Those companies attend many seminars that include a millionaires success formula.  Their story is,  "I went bankrupt but you can still be a millionaire".   I have nothing against seminars nor do I have anything against millionaires who have gone bankrupt.  Their journey is important to help others who have experienced the same situations (Luke 16:10 NIV).  But there is an additional lesson in this story..how to help other future millionaires avoid the same mistakes.

Financials can feel over whelming but it doesn't have to feel this way. A couple of years ago even I felt very overwhelmed with what was going on financially. I am responsible for managing the funds, making income, the household, the business, and my children. I am unmarried, solo parenting and a solo business owner. Yes, it felt like a lot because I was trying to do it in my own strength. Even married couples and multiple business partners can't do it all in their own strength. After inviting Jesus into my business and personal life and let him get to the root of the issue.

Before, I felt like I was on a money roller coaster

You know that feeling that we all think is required in business ownership.  After learning to seek God first I know that the slow times are the seasons that God gives to us for vacation or re-assessing current systems. I have enjoyed working 1/2 days without guilt. Normally business owners stress over money instead of relaxing, so we still work without God. The only thing that stops the money roller coaster is peace with God not more clients.

Distractions are often a word I hear many people laugh at and then sigh. We lose focus because the fog begins to set in obstructing our view. Many things continue to pop up that seem to be out of our control.  Expenses out of the blue.  More unexpected than expected. I wonder...are those things really out of our control? Are they really something that we are unable to change? Most distractions are within our control. The art of saying no is important to your time, stress levels, health, finances, and happiness. Often we believe doing more makes us successful. As I am growing in Christ I am learning that the best way to use my resources begins in Christ. In my morning time with Jesus, I am preparing for the day. The morning time is when I receive understanding and clarity. The understanding clears the morning fog. The fog is a feeling that something is looming but I am not sure how to tackle the problem. The fog also sets in as a feeling of running in circles or everything seems to go wrong at once. (Spiritual Warfare). This feeling can manifest as worry and anxiety. We tend to wait for the other shoe to drop so to speak. We are waiting because when we receive a blessing it seems something comes along to take it away or we trip ourselves up.

When creating multiple streams of income, most people focus on revenue only. In other words, "How much can I earn?" And many of them miss the mark and create distractions and money drains instead.

Having multiple streams of income is important. Wisdom directs us to prepare for uncertainties of life or do not put all of our eggs in one basket (Ecclesiastes 11:1-2 NIV).

Just as important, we need to know the cost of multiple streams of income (Luke 14:28-34 NIV). Creating multiple streams of income doesn't mean any stream of income will do.

What's better revenue or profit?

There is a difference between profit and revenue, although you can't have profit without revenue. Revenue is what we earn before costs, spending, taxes, saving, investments, retained earnings and other. Profit is what is left over after costs, spending, taxes, saving, investments, retained earnings and other.

Money leaks are habits, beliefs, and external influences that impact our money over-time. We slowly spend the money without realizing the harm we are doing to our budgets. Think of a bottle or jug of water that over a period of time you noticed a puddle of water around the jug. Money leaks are the same. Money leaks are unexpected and unplanned spending.  Money leaks can be fixed by getting to the root of the budget sabotage. We hardly realize how the money adds up from a money leak. We often believe that these small habits will not harm our resources and plans. We often justify our spending with a common statement, "I deserve this." Once we become aware of this silent drain we become more empowered to fix the problem. Usually, we need to review our beliefs, habits, and time with God.

Do you value your time?  Many business owners are afraid to charge for their services or have no idea what to charge in order to cover the full cost of business.  Some feel that only greedy people charge. We expect to get paid when we work for someone else as an employee. But entrepreneurs think we are good people if we provide the services or products for free or at an extremely reduced price.  The employer could not meet payroll if they did not put a value on their services and products and charge their customers.

Bartered Services

The extra work involved in tracking and monitoring spending can seem overwhelming, but every time we miss an opportunity to ask additional questions or verify an expense, we run the risk of losing more money.

An example is a friend of mine who watches her Internet and cable bill with an eagle eye.  She notices when the "Miscellaneous Fees" or the cable package fees suddenly increase, and she calls and asks questions.  Later her bill is reduced because the expense was an error.   But, if decided not to call this expense is billed each month.

We don't have to stress over expenses, be aware of what's driving your spending.  My Mastering Your Money Plan course educates others on how to make your budget work for you.  Budgets should not be restrictive but used as a tool to enlighten individuals on spending and saving.