Would entrepreneurship be less scary if you knew you’d make more money than your current job?   

In this episode, Nancy Bleeke explains how analyzing expenses motivated her to start her own business and what she’s learned since she made the transition to entrepreneurship over twenty years ago. 

In this episode, you’ll also hear:

• Evaluating what it costs you to work vs. start your own business     
• Making the transition to entrepreneurship without incurring debt 
• Why community is crucial to growth and why it’s okay to be scared 

Must-listen moments: 

[00:09:20] After calculating what it cost me to work, including travel, childcare, clothes, etc. even though I had a good job, my net income back to the family was about $10,000 a year.

[00:16:08] Part of being profitable right away was watching my expenses. I think knowing what I wanted my net take home number to be helped ensure that my business had net profit. Otherwise, why was I doing it?

[00:32:00] When I'm afraid, I always do look for help, that is just how I am. I'm going to find a way to work through it. I get afraid if I notice that my pipeline isn't healthy. But then, right away I'm like, all right, so what do I need to do?

Guest Info: 

Nancy Bleeke

Nancy left the comfort of a “regular” job to launch Sales Pro Insider Inc. While she’s always been entrepreneurial, finding a passion in sales was never the plan. Who would ever want to be “in sales”? she thought. Yet, she found her calling helping people who also never saw themselves in sales, succeed in selling!

Connect with Nancy - https://www.salesproinsider.com/

Bona Fide Finance:

Website: https://bonafidefinance.com/

LinkedIn: https://www.linkedin.com/company/bonafidefinance

Facebook: https://www.facebook.com/BonaFideFinancialPlanning/

Fb Profile: https://www.facebook.com/profile.php?id=100069532276726

Student Loan Tax Experts:

Website: https://studentloantaxexperts.com

LinkedIn: https://www.linkedin.com/company/student-loan-tax-experts/

How do some small businesses make the leap from fledgling concept to successful big company while others go kaput before they can even get started?

In this episode, Ben and Andrew delve into the gritty reality of how the majority of new small businesses fail and why people still go for entrepreneurship despite the challenges it brings. 

In this episode, you’ll also hear:

• Defining small business vs. micro business   

• Why people go into business despite the risks 

• Embracing the dream, sustaining the losses of entrepreneurship
  
  

Must-listen moments: 

[00:07:12] In the first five years, 50% of businesses that start out don't make it, and by the five year mark, half of the people who first get into business are no longer in business. And then when you extend that out to 10 years, that reduces down from 50% to 30%.

[00:12:18] I do like the money but the dream sustains you. It's the meaningful impact. It's the connection. It's the change that you can have on other people's lives. It's the change you can have in the world.

[00:27:39] Having the personal finances be in a position where you can sustain those losses, it's really critical to the success of the business. It's not the business finance that under does a business…it's the personal finance. Managing those personal responsibilities as you make this transition is huge.

Bona Fide Finance:

Website: https://bonafidefinance.com/

LinkedIn: https://www.linkedin.com/company/bonafidefinance

Facebook: https://www.facebook.com/BonaFideFinancialPlanning/

Fb Profile: https://www.facebook.com/profile.php?id=100069532276726

Student Loan Tax Experts:

Website: https://studentloantaxexperts.com

LinkedIn: https://www.linkedin.com/company/student-loan-tax-experts/

Taking on the family business can feel daunting, but staying true to the authentic heart of the company is key. 

In this episode, Ben and Deb welcome David Hurley as he dives into how growing up in Country Stores Health Foods fostered his entrepreneurial drive. They discuss the action steps he took to move the business forward under his stewardship while also helping people stay healthy using natural holistic resources. 

In this episode, you’ll also hear:

• Understanding the value of holistic healthcare therapy to improve wellbeing
• Some of David’s concerns about taking over the family business and how he moved through them
• Bringing Country Stores Health Foods into the digital age and how that increased the company’s revenue

Must-listen moments: 

[00:12:00] “Really, the focus of my career has been to try to uncover as much of the truth as possible — that's my career goal.”

[00:19:00] “It’s much better to bring in the right people right from the get-go because you invest your time in them.”

[00:25:00] “The primary focus is a genuine desire to improve people's lives and sometimes to extend people's lives and sometimes to outright save people's lives. That is the primary motivating force.”

Guest Info: 

The Country Stores Health Foods is a third-generation family-owned health food store specializing in high-quality supplements and personalized expert advice. 

Website: https://www.countrystoredanville.com/ 

Healthcare.gov

Bona Fide Finance:

Website: https://bonafidefinance.com/

LinkedIn: https://www.linkedin.com/company/bonafidefinance

Facebook: https://www.facebook.com/BonaFideFinancialPlanning/

Fb Profile: https://www.facebook.com/profile.php?id=100069532276726

Student Loan Tax Experts:

Website: https://studentloantaxexperts.com

LinkedIn: https://www.linkedin.com/company/student-loan-tax-experts