Why Your Company Isn't Profitable, and How to Fix It | The Mills Knows Bills Podcast, Season 4

Link to video podcast episode: https://youtu.be/IEg9zy6NV3U

Welcome to the Mills Knows Bills Podcast! Host Mills Bender, founder and CEO of Mills Knows Bills, discusses strategies for business owners and variable income earners to manage their finances effectively. Let's get to those burning financial questions!

In this episode, Mills is joined by MKB team member Jen Fizer, a seasoned CFO with over a decade of experience. They dive into a pressing question from a listener: "Why is my company not profitable, and what can I do about it?" The conversation covers crucial aspects such as analyzing profit and loss statements, managing operating expenses, renegotiating with vendors, and optimizing revenue streams. They also discuss the importance of collecting accounts receivables on time. Get actionable tips to help your business achieve financial stability and growth. Tune in to master your money and transform your financial future!

Subscribe on YouTube for the latest from Mills Knows Bills:

https://youtube.com/@MillsKnowsBills

To connect with Jen:

Jen@MillsKnowsBills.com

Do you have your own burning financial question for Mills? Contact her here:

Email: info@MillsKnowsBills.com

Website: https://MillsKnowsBills.com

Instagram: https://instagram.com/@millsknowsbills

LinkedIn: https://www.linkedin.com/company/mills-knows-bills

00:00 Introduction to The Mills Knows Bills Podcast

01:04 Special Guest Introduction: Jen Fizer

02:06 "Why Is My Company Not Profitable?"

03:55 Strategies to Improve Profitability

07:12 Accounts Receivables and Profitability

09:51 Conclusion and Contact Information

#financialpodcast #millsknowsbills #entrepreneurialfinance #smallbusiness #variableincome #businessprofit #profitability

Tax Traps to Avoid as Business Owners | The Mills Knows Bills Podcast Season 4 Premiere

Link to video podcast episode: https://youtu.be/tQd0BD-mczM

Welcome back to The Mills Knows Bills Podcast! Let's get to those burning financial questions.

In this season 4 premier episode, host Mills Bender welcomes Paul Childers, owner of Blue Sky Biz Solutions, to discuss the importance of showing profit in a business and avoiding common tax traps. They dive into business credit, why it matters, and how to build it effectively. Learn strategies to manage taxes, protect personal assets, and obtain better financing to scale your business. Tune in to gain insight into mastering your fluctuating income and achieving both personal and professional financial goals!

To connect with Paul:

https://blueskybizpro.com/

https://www.facebook.com/paul.childers.731

Do you have your own burning financial question for Mills? Contact her here:

Email: info@MillsKnowsBills.com

Website: https://MillsKnowsBills.com

Instagram: https://instagram.com/@millsknowsbills

LinkedIn: https://www.linkedin.com/company/mills-knows-bills

Subscribe on YouTube for the podcast episodes and more from Mills Knows Bills: https://youtube.com/@MillsKnowsBills

00:00 Introduction to Mills Knows Bills

00:53 Season Four Kickoff with Paul Childers

01:22 Understanding Business Credit and Taxes

03:11 Importance of Showing Profits

05:36 Building and Leveraging Business Credit

07:27 How to Improve Your Business Credit Score

08:12 Conclusion and Contact Information

#financialpodcast #MillsKnowsBills #businesscredit #businesstaxes #entrepreneurialfinance #creditscore

Welcome to the Mills Knows Bills Podcast! Host Mills Bender, founder and CEO of Mills Knows Bills, discusses strategies for business owners and variable income earners to manage their finances effectively. Let's get to those burning financial questions!

In this season finale episode of the Mills Knows Bills podcast, Mills provides a comprehensive guide to understanding and analyzing your profit and loss (P&L) statement. The episode covers key components such as revenue, cost of goods sold (COGS), operating expenses (OPEX), and net income. Mills offers practical tips on diversifying revenue, managing seasonal business fluctuations, negotiating with vendors, and maintaining a healthy profit margin. Whether you're a product-based or service-based business owner, this P&L analysis 101 class will help you make smarter financial decisions and avoid common pitfalls. Tune in to learn how to better handle your fluctuating income and stay on track with your financial goals!

Do you have your own burning financial question for Mills? Contact her here:

Email: info@MillsKnowsBills.com

Website: https://MillsKnowsBills.com

Instagram: https://instagram.com/@millsknowsbills

LinkedIn: https://www.linkedin.com/company/mills-knows-bills

Subscribe for the latest on YouTube: https://youtube.com/@MillsKnowsBills

Link to video podcast episode: https://youtu.be/5MUYVnkmG-I

00:00 Introduction to Mills Knows Bills

00:53 Podcast Overview and Goals

01:26 Understanding Profit and Loss (P&L)

02:01 Revenue Analysis

03:52 Cost of Goods Sold (COGS)

04:49 Operating Expenses (OPEX)

06:39 Net Income and Profit Margin

09:22 Conclusion and Next Steps

#financialpodcast #millsknowsbills #entrepreneurialfinance #variableincome #businessfinances