She Means Profit

Have you ever thought of your business as more than just a source of income?In this episode of She Means Profit, I’m diving into the idea of treating your business as a financial asset—one that can appreciate over time and build lasting wealth. Whether you’re planning to sell your business in the future, use it for retirement income, or create a legacy, the steps you take now to increase its value will pay off in the long run.Owning a business isn’t just about short-term gains; it’s about building something that lasts. In this episode, I share five powerful tips to help you enhance your business’s value, including creating strong financials, implementing scalable systems, diversifying revenue streams, building a strong brand, and focusing on customer retention. These strategies aren’t just for those looking to sell but for anyone wanting to maximize their business’s potential. Think of your business like real estate—investing in it now can lead to significant appreciation later.I also touch on how these strategies align with the Profit Method Framework and share insights from my journey. From understanding profit drivers to automating systems and building customer loyalty, this episode is packed with actionable advice to help you create a business that not only supports your current lifestyle but sets you up for long-term success. Tune in to learn how to transform your business into a true financial asset.Black Friday Sale on the Profit Method Framework SuiteIt’s Black Friday week, and for a limited time, all courses in the Profit Method Framework Suite are 20% off!Sale Dates: November 25th – December 1st (11:59 PM PST)Promo Code: HOLIDAY2024BF (all caps)Take advantage of this exclusive offer and invest in your business’s growth. Use the code during checkout to unlock your discount.Listen to learn:‌Treat Your Business as a Financial Asset: View your business like real estate—an investment that can grow in value over time through thoughtful improvements and management.Build Strong Financials: Keep detailed and clean financial records that demonstrate profitability and stability. Manage your margins and understand key profit drivers: pricing, expense management, and sales volume.Create Scalable Systems: Implement processes and automation that allow your business to grow without requiring your constant presence. Develop standard operating procedures (SOPs) to improve efficiency and increase appeal to potential buyers.Diversify Revenue Streams: Avoid relying on a single product or client. Add complementary products, explore new markets, and consider passive income opportunities to reduce risk and increase stability.Links:‌ ‌  Cash Confident: An Entrepreneur's Guide to Creating a Profitable BusinessCourses:Cash Confident Mindset: Transform Your Mindset into a Money-Making MachineFrom Office to Entrepreneur: What You Need to Know to Build a Successful BusinessPath to Profit With Sales: Insights into Marketing and SalesWork with me: Book a 90-minute Strategy Call Follow me on: IG: @melissahoustoncpaLinkedIn: @melissahoustoncpa

What if midlife was the perfect time to start a business?In this episode of She Means Profit, I explore why more and more Gen X women are stepping into the world of entrepreneurship. If you’re a woman in your 40s, 50s, or beyond, this episode is for you. We’re talking about reinventing yourself, claiming control over your financial future, and finding personal fulfillment in ways that a corporate job often can’t provide.This topic is especially close to my heart. Recently, my hairstylist, a young woman in her 20s, took a leap and opened her own salon. Watching her take charge of her financial future reminded me of the power and possibility that comes with business ownership. And if she can do it, so can you! Age shouldn’t limit us; instead, our years of experience give us an edge.Starting a business is about more than financial freedom—it’s about creating a legacy, pursuing your passion, and breaking through those glass ceilings. In this episode, I’ll dive into why business ownership can be a powerful path to wealth-building and how it’s helping women take control of their futures. So if you’ve been wondering if now’s the time to start something of your own, this might just be the sign you’ve been waiting for.Listen to learn:‌The Power of Reinvention for Gen X WomenMany Gen X women are moving beyond the corporate world to build businesses that reflect their values and passions. It’s never too late to reinvent yourself!Financial Freedom Through Business OwnershipStarting a business offers financial control and wealth-building potential that can go beyond what a traditional salary provides.Building Generational WealthA successful business can create financial security not only for you but for future generations, allowing you to leave a lasting legacy.Breaking Glass Ceilings and Setting New NormsWomen over 50 are leading the charge in new business creation, changing the landscape of what it means to be an entrepreneur.Importance of Passion and PurposeTo succeed in business, you need to be passionate about your work. This passion will help you persevere through the ups and downs of entrepreneurship.Links:‌ ‌  Cash Confident: An Entrepreneur's Guide to Creating a Profitable BusinessCourses:Cash Confident Mindset: Transform Your Mindset into a Money-Making MachineFrom Office to Entrepreneur: What You Need to Know to Build a Successful BusinessPath to Profit With Sales: Insights into Marketing and SalesCash Confident Framework: Smart Money Management for Small Business OwnersFrom Expert to Thought Leader: Amplify Your Influence, Elevate Your Brand, and Lead Your IndustryCash Catalyst: Mastering Personal Finances for Successful Business OwnersWork with me: Book a 90-minute Strategy Call Follow me on: IG: @melissahoustoncpaLinkedIn: @melissahoustoncpa

In this episode of She Means Profit, I demystify the roles of bookkeepers, fractional CFOs, and tax accountants to help business owners understand when and why to hire these experts. Discover how a bookkeeper can manage your daily financial transactions, how a fractional CFO can provide strategic growth planning, and how a tax accountant can navigate complex tax laws.While all three are critical to a thriving business, they each serve different purposes, often at different stages of business growth. Knowing who to call on for your specific needs can save you time, money, and stress. You’ll learn what each role entails and understand when it’s time to bring each into your business – whether for daily financial tracking, strategic growth planning, or navigating complex tax requirements.Let’s break it down! Bookkeepers are your go-to for managing daily financial transactions, including sales and expenses. A good bookkeeper keeps your records accurate and up to date. When you’re looking to grow or improve your cash flow strategy, a fractional CFO steps in to offer senior-level expertise and guidance on big-picture financial decisions. Tax accountants, on the other hand, are the experts in tax compliance, helping you navigate complex tax laws, credits, and deductions. With each role offering specific benefits, I’ll clarify how they complement each other and how to build your ideal financial support team as your business evolves. Plus, I’ll share insights on how to ensure you’re hiring the right experts and setting clear expectations with them.Gain clarity on building a robust financial support system that saves you time, money, and stress, ensuring you hire the right professionals and set clear expectations with them. Perfect for those wanting to streamline their finances and drive business growth, tune in to get valuable insights and personal advice.Listen to learn:‌Learn the distinct functions of bookkeepers, fractional CFOs, and tax accountants and why you need to know their roles.Each role is beneficial at different stages of business growth. Bookkeepers often come first, followed by tax accountants, with fractional CFOs typically joining as a business scales.Introducing my new Fractional CFO Agency, designed to help businesses scale with expert financial guidance.Links:‌ ‌Cash Confident: An Entrepreneur's Guide to Creating a Profitable BusinessFractional CFO AgencyCourses:Cash Confident Mindset: Transform Your Mindset into a Money-Making MachineFrom Office to Entrepreneur: What You Need to Know to Build a Successful BusinessPath to Profit With Sales: Insights into Marketing and SalesCash Confident Framework: Smart Money Management for Small Business OwnersFrom Expert to Thought Leader: Amplify Your Influence, Elevate Your Brand, and Lead Your IndustryCash CataWork with me: Book a 90-minute Strategy Call Follow me on: IG: @melissahoustoncpaLinkedIn: @melissahoustoncpa

Are you building wealth that will stand the test of time?In this episode, I'm diving into the final step of the Profit Method Framework: creating generational wealth. If you’ve been following along with the previous steps, you know that building a profitable business is just the beginning. Today, we’re focusing on how to ensure that all your hard work doesn’t just benefit you but continues to support and empower future generations.Generational wealth is more than a bank balance—it’s about creating lasting security and opportunity for your family. In this episode, I’ll break down what generational wealth means and why it’s essential for entrepreneurs. I’ll also share actionable steps on how to effectively manage personal finances, why it’s crucial to diversify investments beyond your business, and how to take advantage of tax benefits to maximize your wealth potential.I’ll talk about the importance of paying yourself first, setting up an emergency fund, and planning for retirement in ways that aren’t entirely dependent on your business. We’re not just discussing profit; we’re talking about creating a legacy that empowers your family and leaves a positive impact on future generations. Tune in to learn how you can turn your business success into a financial legacy that lasts well beyond your working years.Listen to learn:‌What is Generational Wealth? - Understand the concept of wealth that extends beyond one’s lifetime, providing benefits for future generations.Pay Yourself First - It’s crucial to consistently pay yourself as a business owner to avoid creating a financially unstable business.Create Personal Emergency Funds - Having a personal financial cushion is as essential as business cash reserves for navigating unexpected expenses.Strategic Tax Planning - Utilize tax advantages with the help of a tax CPA to avoid leaving money on the table.Invest Outside of Your Business - Expand investments to real estate, stocks, and bonds to build a diversified financial portfolio.Legacy of Opportunity - Financial planning isn’t just for wealth but for ensuring opportunities for future generations.Links:‌ ‌  Cash Confident: An Entrepreneur's Guide to Creating a Profitable BusinessCourses:Cash Confident Mindset: Transform Your Mindset into a Money-Making MachineFrom Office to Entrepreneur: What You Need to Know to Build a Successful BusinessPath to Profit With Sales: Insights into Marketing and SalesCash Confident Framework: Smart Money Management for Small Business OwnersFrom Expert to Thought Leader: Amplify Your Influence, Elevate Your Brand, and Lead Your IndustryCash Catalyst: Mastering Personal Finances for Successful Business OwnersWork with me: Book a 90-minute Strategy Call Follow me on: IG: @melissahoustoncpaLinkedIn: @melissahoustoncpa

Have you ever wondered what it really takes to stand out in your industry and go from simply surviving to truly thriving? In today’s episode, I’m diving into one of my favorite topics—building your influence and establishing thought leadership as a business owner. Influence is step five in my PROFIT Method Framework, and it’s a game-changer when it comes to scaling your business and expanding your reach. This isn’t just about gaining more followers or getting likes on social media posts. It’s about positioning yourself as the go-to expert in your field, the trusted voice people turn to for insights and solutions. When you focus on becoming a thought leader, you open doors to new opportunities—like media features, speaking engagements, and partnerships—that take your business to the next level. To build influence, you have to start by defining your unique point of view—what sets you apart in your industry? Then, create consistent content that amplifies your message, whether it's through blog posts, podcasts, or social media. It’s also about making strategic connections with other leaders in your field and leveraging media coverage to boost your credibility. Thought leadership doesn’t happen overnight—it’s about showing up consistently, sharing your unique perspectives, and building genuine relationships. If you’re ready to make a lasting impact, start today by honing in on your niche, developing a solid content strategy, and networking with intention. Let’s take that step together because your voice has the power to create real change in your industry. Listen to learn:‌Influence is about positioning yourself as a trusted expert, not just gaining visibility.The difference between an influencer and a thought leader lies in providing valuable insights, not promoting products.Building influence opens doors to new opportunities, clients, and collaborations, leading to business growth.Consistency in content creation is key to establishing trust and authority.Strategic networking and collaborations help you grow your audience and expand your influence.Thought leadership is a long-term commitment, but it pays off in business growth and lasting impact.Links:‌ ‌  Cash Confident: An Entrepreneur's Guide to Creating a Profitable BusinessJoin our She Means Profit Facebook groupCourses:Cash Confident Mindset: Transform Your Mindset into a Money-Making MachineFrom Office to Entrepreneur: What You Need to Know to Build a Successful BusinessPath to Profit With Sales: Insights into Marketing and SalesCash Confident Framework: Smart Money Management for Small Business OwnersFrom Expert to Thought Leader: Amplify Your Influence, Elevate Your Brand, and Lead Your IndustryCash Catalyst: Mastering Personal Finances for Successful Business OwnersWork with me: Book a 90-minute Strategy Call Follow me on: IG: @melissahoustoncpaLinkedIn: @melissahoustoncpa

What’s the biggest obstacle preventing my business from scaling? For many entrepreneurs like me, it’s not a lack of sales—it’s poor financial management. In this episode, I dive into one of the most critical steps in my Profit Method framework: cash confidence. As I always say, “You need to know your numbers. Without that financial clarity, it’s impossible to grow your business.” I start by revisiting my Profit Method framework, which is designed to help entrepreneurs at every stage of their journey. Step four—finances—comes into play after sales are rolling in, but this is where many businesses stumble. Even successful companies can go bankrupt if cash flow isn’t managed well. My mission in this episode is to arm entrepreneurs with the knowledge and confidence to manage their finances effectively. The highlight of this episode is my Cash Confident Framework, a system that breaks financial management down into easy, actionable steps. I emphasize how mindset plays a vital role in achieving financial success, and I also walk you through the importance of understanding your financial statements and creating a solid business financial plan. I stress that financial decisions should always be data-driven, not emotional—because, as I often say, “Numbers don’t lie. Once you start listening to the numbers, you’ll make smarter, more profitable decisions.” Listen to learn:‌Get Cash Confident: Understanding your finances is crucial for growth. Cash flow mismanagement is a major cause of business failure.Know Your Numbers: Whether it’s your balance sheet or income statement, clarity in financials allows you to make data-driven decisions.Mindset Matters: A positive money mindset will help you make better financial choices and optimize profitability.Create a Financial Plan: Set clear targets, monitor your progress, and ensure your business is both sustainable and scalable.Cash Flow is Queen: Sales may be coming in, but without proper cash management, you could still run into trouble.Track Your Expenses: Regularly track your income and expenses to stay on top of your financial health.Links:‌ ‌  Cash Confident: An Entrepreneur's Guide to Creating a Profitable BusinessJoin our She Means Profit Facebook groupCourses:Cash Confident Mindset: Transform Your Mindset into a Money-Making MachineFrom Office to Entrepreneur: What You Need to Know to Build a Successful BusinessPath to Profit With Sales: Insights into Marketing and SalesCash Confident Framework: Smart Money Management for Small Business OwnersFrom Expert to Thought Leader: Amplify Your Influence, Elevate Your Brand, and Lead Your IndustryCash Catalyst: Mastering Personal Finances for Successful Business OwnersWork with me: Book a 90-minute Strategy Call Follow me on: IG: @melissahoustoncpaLinkedIn: @melissahoustoncpa

Do you think you have a money problem in your business? What if the real issue is sales? In this episode, I break down the common misconception that financial struggles are due to poor money management when, more often than not, it’s a lack of sales that’s holding you back. If you’re finding it hard to generate revenue, this episode will give you actionable strategies to prioritize sales and turn your business around.We start by exploring the fundamental role that sales play in business success. I share personal experiences and client stories that highlight how businesses often focus too much on perfecting their products or operations, only to neglect marketing and sales—the lifeblood of any profitable company. It’s a common mistake, especially among women entrepreneurs, who may feel uneasy about selling or fear rejection. But here’s the truth: sales don’t have to feel “sleazy.” When you focus on serving your customers and solving their problems, selling becomes an authentic part of what you do.From reframing how you think about sales to practical advice on building confidence in the sales process, this episode covers it all. I also introduce the concept of outreach, which is the third step in the She Means Profit framework. Effective outreach, through marketing and sales, allows you to connect with your target audience, generate leads, and ultimately increase revenue.Tune in for a deep dive into how sales can transform your business and why it should always be your first priority. Whether you’re just starting out or struggling with a cash crunch, these tips will help you create a sustainable and profitable business. Plus, I introduce the Path to Profit with Sales course, designed to provide a more in-depth guide on building sales strategies that work.Listen to learn:‌Reframe Sales: Shift your mindset from “selling” to “serving” your clients—focus on solving their problems.Sales First, Then Everything Else: Prioritize sales and marketing before perfecting your product or branding to ensure long-term business success.Confidence in Sales: Overcome fear and rejection by practicing and gaining confidence in your pricing and sales approach.Links:‌ ‌  Cash Confident: An Entrepreneur's Guide to Creating a Profitable BusinessJoin our She Means Profit Facebook groupCourses:Cash Confident Mindset: Transform Your Mindset into a Money-Making MachineFrom Office to Entrepreneur: What You Need to Know to Build a Successful BusinessPath to Profit With Sales: Insights into Marketing and SalesCash Confident Framework: Smart Money Management for Small Business OwnersFrom Expert to Thought Leader: Amplify Your Influence, Elevate Your Brand, and Lead Your IndustryCash Catalyst: Mastering Personal Finances for Successful Business OwnersWork with me: Book a 90-minute Strategy Call Follow me on: IG: @melissahoustoncpaLinkedIn: @melissahoustoncpa

Are you dreaming of leaving your 9-to-5 and stepping into the world of entrepreneurship?  In this episode, I dive deep into my own journey of transitioning from a secure job to becoming a full-time business owner. If you’ve ever felt the desire for more freedom, fulfillment, or financial independence, this episode is for you. I start by addressing one of the biggest challenges in any major life change—fear. I know firsthand how natural it is to feel uncertain, whether it’s fear of failure, success, or simply the unknown. But here’s what I’ve learned: fear is a signal that you’re on the brink of growth. It’s about embracing that fear and using it as a driving force to push toward your goals. Every successful entrepreneur has faced these emotions. The key is to take that first step, even when it feels overwhelming.From there, I share practical strategies. One of the best ways to transition from employee to entrepreneur is by starting a side hustle—exactly how I did it. This approach allowed me to build a customer base and refine my offerings while still maintaining the safety net of a full-time job. In this episode, I offer advice on finding your passion, managing your time, and testing your business idea. Based on my own experience, you’ll likely need to refine your offer as you go, but the rewards—freedom, fulfillment, and financial independence—make the journey worthwhile. If you’re ready to take the leap from office to entrepreneur, this episode is full of actionable tips to get you started. I also introduce my digital course, From Office to Entrepreneur, designed to guide you through this transition step-by-step. You’ll learn how to build your business gradually, manage the risks, and maintain consistency for real growth. Entrepreneurship isn’t just about making a living—it’s about creating a life. Links:‌ ‌  Cash Confident: An Entrepreneur's Guide to Creating a Profitable BusinessJoin our She Means Profit Facebook groupCourses:Cash Confident Mindset: Transform Your Mindset into a Money-Making MachineFrom Office to Entrepreneur: What You Need to Know to Build a Successful BusinessPath to Profit With Sales: Insights into Marketing and SalesCash Confident Framework: Smart Money Management for Small Business OwnersFrom Expert to Thought Leader: Amplify Your Influence, Elevate Your Brand, and Lead Your IndustryCash Catalyst: Mastering Personal Finances for Successful Business OwnersWork with me: Book a 90-minute Strategy Call Follow me on: IG: @melissahoustoncpaLinkedIn: @melissahoustoncpa

"The way you think determines your success." — Melissa Houston Have you ever wondered why some entrepreneurs thrive while others falter? It’s not just about skills or strategy—it's mindset. In today's episode, we're diving into the first step of my Profit Method Framework: mindset. Why start here? Because your mindset can make or break your business. It’s the foundation on which every decision is made, whether you're just starting or ready to scale to the next level. Whether you’re stuck in fear or just playing it safe, mindset can help you navigate through those barriers. I get it—being an entrepreneur is filled with ups and downs. You want to make an impact, but you also want financial success, and maybe you feel those two are at odds. They aren’t! You can absolutely make a lot of money while making a meaningful impact, and that’s where mindset comes into play. Mindset isn’t about toxic positivity or pretending everything is perfect. It’s about resilience—about understanding that fear will always be there but pushing forward anyway. I’ve often heard people say, “What if I fail?” but I encourage you to ask, “What if I succeed?” It’s a scarier question in many ways because success opens doors you might not have imagined. And yes, stepping out of your comfort zone is uncomfortable, but it’s where growth happens. In today’s episode, we dive deep into these mindset strategies, and I share my personal journey—from battling self-doubt to creating a seven-figure business. And believe me, it didn’t happen overnight. So, are you ready to transform your mindset and take your business to the next level? In this episode, I’ll show you how to reframe fear, visualize success, and stay present in your entrepreneurial journey. Listen to learn:‌ Your mindset is the foundation of your entrepreneurial success, influencing every decision whether you are just starting or scaling. Reframe fear as a signal for progress rather than a stop sign, recognizing that it shows you're doing something important. Failure is not final; instead, treat every setback as a valuable learning opportunity. Links:‌ ‌  Cash Confident: An Entrepreneur's Guide to Creating a Profitable BusinessJoin our She Means Profit Facebook groupCourses:Cash Confident Mindset: Transform Your Mindset into a Money-Making MachineFrom Office to Entrepreneur: What You Need to Know to Build a Successful BusinessPath to Profit With Sales: Insights into Marketing and SalesCash Confident Framework: Smart Money Management for Small Business OwnersFrom Expert to Thought Leader: Amplify Your Influence, Elevate Your Brand, and Lead Your IndustryCash Catalyst: Mastering Personal Finances for Successful Business OwnersWork with me: Book a 90-minute Strategy Call Follow me on: IG: @melissahoustoncpaLinkedIn: @melissahoustoncpa

"If it’s too late to start something new, especially a business, let me reassure you: it’s never too late." — Melissa HoustonAre you feeling stuck in your business or contemplating a big change in your career? In episode 164 of the She Means Profit podcast, I’m thrilled to introduce the new PROFIT Method Framework, a game-changer designed to guide you through every stage of your entrepreneurial journey. This month has been full of personal milestones for me—celebrating 25 years of marriage and my children’s significant life achievements. Reflecting on these moments has reminded me how important it is to embrace change and new beginnings, no matter our age or stage in life. For those of you wondering if it’s too late to start something new, especially a business, let me reassure you: it’s never too late. I started my business at 46, and I’m here to help you do the same with confidence and success. The PROFIT Method Framework is tailored to meet you where you are, whether you’re just starting out or looking to scale. This episode dives into each step of the framework, starting with the critical mindset foundation.  Join me as we explore how this framework can transform your business and help you build the wealth and impact you deserve. Don’t forget to check the show notes for links to additional resources, courses, and free strategy calls. Let’s turn your business dreams into a thriving reality! Listen to learn:‌A resilient and growth-oriented mindset allows you to overcome rejection, push through challenges, and keep moving forward.Build genuine relationships with your customers, and craft a compelling value proposition that resonates with your target audience.Master financial literacy to grow your business. Understanding cash flow, profit margins, and budgeting is key to preventing financial mismanagement.Links:‌ ‌  Cash Confident: An Entrepreneur's Guide to Creating a Profitable BusinessJoin our She Means Profit Facebook groupCourses:Cash Confident Mindset: Transform Your Mindset into a Money-Making MachineFrom Office to Entrepreneur: What You Need to Know to Build a Successful BusinessPath to Profit With Sales: Insights into Marketing and SalesCash Confident Framework: Smart Money Management for Small Business OwnersFrom Expert to Thought Leader: Amplify Your Influence, Elevate Your Brand, and Lead Your IndustryCash Catalyst: Mastering Personal Finances for Successful Business OwnersWork with me:Book a 90-minute Strategy CallFollow me on:IG: @melissahoustoncpaLinkedIn: @melissahoustoncpaWork with me: Book a 90-minute Strategy Call Follow me on: IG: @melissahoustoncpaLinkedIn: @melissahoustoncpa