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When was the last time you had 30 days away— without your smart phone surgically attached to your hand? How about 30 minutes? Isn’t it time to get off the hamster wheel? Then tune into Cash Out BIG.
Whether you actually want to Cash Out BIG or just create a cash cow, the building blocks are the same. Tune in to our insightful weekly interviews with business owners and advisors. We explore the many ways you can design a business that runs like a well-oiled machine!
Listen to the Episode Below:
Length: 27:07 minutes
I look down at my Staples® five-subject spiral notebook, slowly filling with notes and ideas and jottings about how I run my business. Summer is usually a quiet time for my business. To look carefully at what’s working–and what’s not. To stop reinventing the wheel every time I get a business card or make a referral or on-board a client.
Like the sage Irish proverb teaches us about slow times,
When you’re not fishing, be mending the nets.
And just when I was so proud of myself for starting the painstaking yet valuable task of documenting my business systems, I interviewed franchise maven Kathleen Mundy.
What did I discover? That instead of creating my own business from scratch, I could have bought into a proven, successful business model … and avoided a lot of these headaches.
How? With a franchise.
Franchises are about way more than just flipping burgers. Listen in as Kathleen and I talk about:
- How franchises are a viable method to build a legacy
- Why you need a “CEO mindset” to build a team and make the tough decisions
- What financial literacy challenges business owners (women especially) face
- Top questions to ask to evaluate whether a franchise is solid … or snake oil
About Kathleen Mundy
From a successful real estate career, to unemployed single mother, to unsurpassed entrepreneur/business coach/mentor, Kathleen Mundy’s is a riches-to-rags-to-riches story.
Kathleen turned a small investment into a multi-million dollar business in just five years. She’s a business coach and CEO of Making Your Own Money™, a company committed to helping women (and really smart men) reach their full potential and independence in the entrepreneurial world and secure a better future. And, she is the co-author of Reading Between the Wines and the best-selling novel, Succeeding Against All Odds.
Listen to the Episode Below:
Length: 30:20 minutes
The dining room was a sea of Post-It® notes. All over the table. They flowed out into the foyer, onto the cabinets, into the kitchen. Such was the organizational state of Molly Mahoney Matthews’ newly-launched PR business.
When Molly’s sister, Sharon, stopped by for a visit and saw the torrent of little yellow squares threatening to engulf Molly and her home, Sharon said, “Oh no you don’t. You can’t live this way. Get rid of this. You need an assistant. Now. ”
That was Molly’s first lesson about scale. About getting the weight of her business off her lonely shoulders. About getting the help she needed to balance, focus, and breathe.
So Molly hired. And then she hired again. And again. Ultimately growing her staff from 1 … to 150.
How’d she do it?
- How Molly went from being solo working from home, to 150 and $20M in revenues
- When (and why) she changed her approach and process for hiring
- What new ideas (and scalable solutions!) expanded her service offerings
- How she shifted her client and contract focus to get the “revenue continuity” she wanted (ah, the urgency of single motherhood!)
- Why she ultimately chose to sell her company … after not knowing for many years that she could sell it!
- The starfish story
About Molly Mahoney Matthews
Molly Mahoney Matthews founded Matthews Media Group (MMG), a public relations and marketing firm, at her dining room table in a suburban tract home. The company grew to a staff of over 150 and more than $20 million in revenue. The Washington Business Journal ranked MMG number four among public relations firms in the Washington, D.C. area. PR Week ranked the company in the top 35 public relations firms nationwide. In 2000, Diversified Agency Services, a division of Omnicom Group, Inc., one of the world’s largest multimedia holding companies, acquired MMG.
Molly now consults with her new company, The Starfish Group, and works with colleagues to offer continuing education in career development and workforce preparedness. Molly’s passion is helping people of all ages develop strategies on how to connect the dots between education and employment. Based on her experience growing and managing a successful small business, she authored Unsinkable: Find a Job, Create a Career, Build a Business. Molly has coached start-ups in the education, health care, energy, and food businesses. She’s also been a speaker at TEDxBethesdaWomen.
- Molly’s book: Unsinkable:Find a Job, Create a Career, Build a Business