Profit Is A Choice

By: Michele Williams | Business Coach | Podcaster |Speaker
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  • Summary

  • Owning every choice in your business is not for the faint of heart. Each Monday, join Michele Williams, strategic profitability coach for the interior design industry as she interviews guests who are taking control of their business one decision at a time to increase their profits. If you are an entrepreneur who wants to make money while working in your passion, this is the podcast for you.
    The Scarlet Thread LLC 2018
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Art Economics
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Episodes
  • Ending the Year Well for Your Design Business

    Ending the Year Well for Your Design Business
    Nov 3 2024
    272: Ending the Year Well for Your Design Business

    Have you ever wondered how to end the year well? You'll hear us talk about this in multiple places all around, how do we end our year well? In this podcast, we will discuss how to define what ending the year well for you and your company looks like, how to plan in advance, how to be intentional, and how to create some time to rest and reset. It is so interesting that the fourth quarter of our year is spent not only making sure that we can wrap up the needs of the current year but also doing a lot of planning and heavy lifting so that we can start the next year off well. The way to start in a power position in the new year is to end this year in a power position. Listen in today and determine what that might look like for you and your company.

    Topics Mentioned:

    • Strategic Planning

    • Business Metrics

    • Processes

    • Intentionality

    Key Thoughts:

    • Finishing well means to be proud of the effort that was put into these critical items knowing that they set us up for a better future. Michele Williams

    • Take stock of where the company is right now and where you anticipate it being at the end of the year with regard to your financials. Michele Williams

    • Ending well also takes advanced thought and planning. Michele Williams

    • Don't overdo it and go into the new year exhausted. Michele Williams

    Contact Michele:

    • Email: Team@ScarletThreadConsulting.com

    • Facebook: Scarlet Thread Consulting

    • Instagram: @ScarletThreadATL

    • Website: ScarletThreadConsulting.com

    • LinkedIn: Michele Williams

    References and Resources:

    • CFO2GO

    • Work with Me

    • Metrique Solutions

    • The Designers' Inner Circle - Become a Member Today

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    13 mins
  • Buying a Commercial Space for Your Business

    Buying a Commercial Space for Your Business
    Oct 20 2024
    271: Buying a Commercial Space for Your Business

    Joining me today on the podcast is Paul Neal. He's a financial strategist and author dedicated to transforming the way entrepreneurs view commercial property. He has a book called Un-Lease Your Business: Unlock Wealth, Autonomy and Control by Buying Your Building and Firing Your Landlord and it is a very informative book. He is an amazing speaker who is going to help us understand more about the commercial buying process for our businesses. Enjoy the podcast.

    Topics Mentioned:

    • Purchasing commercial real estate

    • Process

    • Financials

    Key Thoughts:

    • You don't have to be a world-conquering type of person, but you have to have stability. Paul Neal

    • You cannot make decisions without your financials in order, or you're making it on a gut feeling and that doesn't always support us. Michele Williams

    • We always suggest to get in with the least amount of down payment that makes sense, because then you've got your money that you're not putting into the brick and mortar you can use for other things. Paul Neal

    • The goal here is that we have to be profitable with what we have, and then provide ourselves as a stable business, meaning stable sales, and stable profitability. Michele Williams

    Contact Michele:

    • Email: Team@ScarletThreadConsulting.com

    • Facebook: Scarlet Thread Consulting

    • Instagram: @ScarletThreadATL

    • Website: ScarletThreadConsulting.com

    • LinkedIn: Michele Williams

    Contact Paul:

    • Website: https://www.ownyourbuildingnow.com/

    • Email: paul@vpc.capital

    • LinkedIn: @paul-neal-tea

    • YouTube: @theEntrepreneurialAgent

    • Facebook: @theentrepreneurialagent

    • Instagram: @theentrepreneurialagentpodcast

    References and Resources:

    • Un-Lease Your Business: Unlock Wealth, Autonomy and Control by Buying Your Building and Firing Your Landlord by Paul Neal

    • CFO2GO

    • Work with Me
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    43 mins
  • 4 Year-End Steps to Prepare Your Interior Design Business

    4 Year-End Steps to Prepare Your Interior Design Business
    Oct 6 2024
    270: 4 Year-End Steps to Prepare Your Interior Design Business Join us as we revisit an insightful episode focused on empowering interior designers through creating a strategic business plan. This re-showing of our previous podcast, "Four Year-End Steps to Prepare Your Interior Design Business," is perfect for anyone looking to enhance their business strategy. In this episode, we dive deep into effective strategies tailored specifically for the interior design industry. As an interior design business coach, I’m thrilled to share the exact processes I'm implementing in my own business right now. Whether you're a seasoned designer or just starting out, these actionable steps will help you set a strong foundation for the coming year. Topics Mentioned: Planning SWOT analysis Setting goals Energy Key Thoughts: Taking an in depth look and SWOT analysis at each element in our business really provides us with information and helps shine a spotlight in an area we haven't looked at before. Michele Williams By creating quarterly goals which are more streamlined and individually focused, we have the ability to get four really big goals completed in a year with attention placed on each one. Michele Williams Think about what energizes you and what drains you. Michele Williams Make sure that the majority, if not all, of your products and services and processes are done in a way that moves your company forward with energy instead of draining it. Michele Williams Contact Michele: Email: Team@ScarletThreadConsulting.com Facebook: Scarlet Thread Consulting Instagram: @ScarletThreadATL Website: ScarletThreadConsulting.com LinkedIn: Michele Williams References and Resources: CFO2GO Work with Me Metrique Solutions The Designers' Inner Circle - Become a Member Today Who's in Your Room: The Secret to Creating Your Best Life by Ivan Misner, Ph.D., Stewart Emery L.H.D., Rick Sapio 12-Week Year - by Brian P. Moran and Michael Lennington Unlocking Financial Freedom with CFO2GO: A Journey Through One-on-One Coaching One-on-one coaching is my main line of work, and for a good reason. I dive headfirst into my client's business, helping them become strategic with their finances and decision making to be able to lead profitable companies. My ultimate goal and reward is connecting with and helping incredible business owners in the interior design industry. So, I get very excited when my clients come back on my podcast to share their stories so they can, in turn, help others in the design industry. With CFO2GO you can take your business strategy to the next level with our 4 step process that will help you know your numbers, understand your business position, create a path forward unique to your design experience, skill set, and dream life - plus help you grow your design firm. Click below to find out more! Learn more
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    17 mins

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