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The Make Money Your Honey Podcast

How do you build a business that is both profitable and enjoyable? Each Tuesday, join Amanda Abella, top sales trainer and business coach for women, as she interviews guests who are making big money, having an impact and having a good time doing it. If you have a business, want to start a business or simply want to build wealth with a no-nonsense approach this podcast is for you.
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The Make Money Your Honey Podcast
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Now displaying: September, 2020
Sep 29, 2020

There's so much financial flux going on. I see many of you looking for opportunities in this changing economic world, which is why I'm focusing this show on how to make money quickly - the legitimate way.

Your Homework to Make Money

I'm going to start giving homework on these podcast episodes. I want you to think about the big problems being created right now? With everything we have going on, what kind of work experience and toolset do I have that can help others solve their problems? Create a set of solutions to three issues that you're seeing. Get creative, start brainstorming, and work through your list of ideas.

Once you've made a list of solutions, make sure to check out our class, How to Start a Coaching Business in 2020.

 

Listen in to find out:

  • The barriers stopping you from making money
  • Why you should sell high ticket dollar items
  • How to deal with objections from potential clients
  • Steps to take to create financial independence


For more information, visit the show notes at https://www.amandaabella.com/how-to-make-money-quickly-the-legit-way

Sep 22, 2020

There is a time and a place to use debt. Besides buying a home and student loans, debt can constructively be used to make a calculated move in your business.  

 

Let's stop listening to society about debt. Clearly, society doesn't know what it's doing, and that's why so many people have problems. Another false belief is that we think our entire lives revolve around our credit score. Although this is an integral part of your financial life, it's not your whole economic life.

 

What I Learned From Paying Off All My Debt

 

I was the person who would try and pay off all my debt in full every month. However, I didn't leave with myself with enough cash. And let me tell you when shit hits the fan, money is what's king, and cash is what matters. My lesson that I learned is that cash flow is more critical than your debt.

We're taught to pay off debt and to rid yourself of the shame of being in debt. So we use self-inflicted torture, such as eating rice and beans, to save as much money as we can to pay off our debt.

Listen in to find out:

  • The falsehoods society wants you to believe about debt
  • When you should take on more debt
  • How you can cut expenses to pay off debt
  • Collapsing time with debt
  • Why your home shouldn’t be your only debt
  • When you should not take on debt
  • Why you should stop torturing yourself by eating rice and beans

For more information, visit the show notes at https://www.amandaabella.com/your-debt-repayment-plan-is-ass-backward

Sep 15, 2020

Certain aspects of building a business seem like they're very far away. However, you want to start thinking about these business elements to avoid problems and mistakes down the road. The earlier you start being proactive about specific business areas, the better off you will be in the long term.

Moving from self-employed to business owner and CEO is a transition of epic momentum, process, and energy. When done correctly, with the right mindset, it will set you up for ultimate business success.

Getting Into a CEO Mindset

I was getting into that CEO mindset, learning to leverage systems, my knowledge, and people.

When I created content for myself full-time instead of creating content for others, I ended up benefiting by making more money for myself than I did making content for other businesses. That was a switch - to build a business model that gave me more time.

Listen in to find out:

  • How to create a scalable business model
  • Why you shouldn’t wear too many hats
  • When you should hire a team
  • The mindset of a successful CEO
  • How creating a scalable company equates to more income

For more information, visit the show notes at https://www.amandaabella.com/self-employed-to-ceo

Sep 8, 2020

You may know someone who has become a coach because they've given others advice and are good at it. They may have fallen into coaching or consulting, and now they are trying to figure out how to make this a sustainable business. They may be trying to figure out how to build their online presence.

Many people join my Persuade to Profit program when they reach this spot. When they join, I hear many stories from what they've encountered with previous programs online. I listened to a story from a new member this morning, where she was a part of another business training program, and the sales tactics that they were teaching her were all about manipulation.

Why You Should Take Money Seriously

From the beginning, people are in business to make money, period! Some people get mad when I tell them they have to make money. I run a business, and I plan on helping a ton of people, which requires many resources. It would be best if you thought about this big picture from the beginning of your enterprise.

Many people do their business because they like it, but that's not a business. That's more of a hobby. So do you have an expensive hobby, or do you have a company? If you have a business, there is a focus on money and revenue.

I want you to start thinking about what types of resources you are going to need for the future because I want you to avoid problems in the future. I want you to start thinking about pricing yourself for profitability from the beginning.

 

Listen in to find out:

  • When you should scale your business
  • How to start growing your business
  • When you should hire someone for assistance
  • Devaluing yourself and why that hurts your business
  • Creating long-term business goals 
  • Why you have to take money seriously

For more information, visit the show notes at https://www.amandaabella.com/entrepreneur-baby-steps-to-scaling-your-business

Sep 1, 2020

If you've built a "successful business," and you are working 24 seven, have no time to yourself, and can't even pay yourself a salary, something is off. I have multiple six-figure businesses that are scaling to seven. Even though we're making the same amount of money, I'm working fewer hours. I pay myself a salary.

Listen in to find out:

  • Why you have to pay yourself a salary
  • How to tell if your business is successful
  • Key indicators that your business isn’t doing well
  • Why you need to scale your business

For more information, visit the show notes at https://www.amandaabella.com/your-business-isnt-successful-if-you-cant-pay-yourself

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