Tag: fulfillment

Are you under the impression that your business profit is the same as your income? Many small business owners make this mistake, believing that their profits are all they need to worry about when it comes to running their company. 

Unfortunately, this couldn’t be further from the truth – while measuring and tracking profits is essential for any successful enterprise, there’s a difference between what counts toward your business income and how much of those dollars end up back in your pocket.

In this episode, I discuss why you should not consider your business profit as your income. While there may be an overlap in these two concepts, they are quite distinct. In fact, your business profit is only part of the larger picture regarding successful financial planning. 

By the end of this episode, you’ll have a grasp on not only why separating these two concepts is important but also how doing so can shape, or turn around, the financial performance of any company. 

IN THIS EPISODE, YOU’LL FIND OUT…

• How you could unintentionally be setting yourself up for failure (01:26)
• Why paying yourself weekly is so important (03:08)
• What is breakeven, and what is a dividend? (05:44)
• Action steps to consider from this episode (07:18)

QUOTES

“If you think that your profit is your personal income, it’s going to limit your ability to grow as a business owner.”

“If you go into business, thinking that the profit you make in your business is your personal money, you’re setting yourself up for failure.”

WHERE YOU CAN FIND CARL TAYLOR
Automation Agency
CarlTaylor.com.au
LinkedIn
Facebook
Twitter

Like this episode? Have topics that you would like us to discuss?  We’d love to hear your feedback and comments. Let us know by leaving a comment below. 

The sentiment of ‘you’re playing with fire’ might sound like a cautionary tale, but when it comes to your business, sometimes that same fire can be a tool for reinvigoration. Taking risks to be successful doesn’t mean you need to run headfirst into every opportunity prematurely. 

When it comes to the prosperity of your business, mindful risk-taking is key – and this means understanding how and when taking chances can benefit you. 

Letting the fires burn in your business requires patience despite pressure from outside sources or expectations from yourself – and although there may be consequences chipping away at those walls over time – ultimately, these risks have the potential to help build a brand that stands firm.

In this episode, I talk about why sometimes, you should let the fires burn. I’ll share with you why a business without risk-taking is like a car without fuel, why understanding the risks can help you make more informed decisions, and how sometimes it’s beneficial just to let the fires burn.

By the end of this episode, you’ll understand that to reach success, sometimes it’s necessary to take risks – even if it means playing with fire. Listen to this episode now and explore the depths of taking chances and creating a path to success.

IN THIS EPISODE, YOU’LL FIND OUT…

• The importance of setting boundaries between your personal and professional life (0:03)
• Knowing which fires are okay to leave burning for now (01:48)
• Why you should stop trying to run your business with no fires burning (02:17)

QUOTES

“The art is knowing what fires are okay to let burn.  It’s not about trying to build a business that doesn’t have any fires.”

WHERE YOU CAN FIND CARL TAYLOR
Automation Agency
CarlTaylor.com.au
LinkedIn
Facebook
Twitter

Like this episode? Have topics that you would like us to discuss?  We’d love to hear your feedback and comments. Let us know by leaving a comment below. 

If you’re searching for success and personal fulfilment, it’s likely that “why” has become a prevalent question in your mind. Why am I doing this? Why does it matter? 

Without a clear why, the what and the how will not have the same purpose or meaning. Knowing your why helps you make decisions aligned with what truly matters to you. 

In this episode, I talk about the importance of knowing your why in business and life. I share my story of discovering my own why and use this as a case study to help you identify yours. 

Tune in to gain insights on some practical tips on finding your why, questions to ask yourself and different methods for staying connected with it over time so that you can continue to live in alignment with your values and passions. 

IN THIS EPISODE, YOU’LL FIND OUT…

• Why you should question everything and anything (00:11)
• How over analysing things can stop growth in its tracks (00:57)
• Doing what you want without justifying to others (02:53)

QUOTES

“If you have the desire to do something, it’s okay to just go.”

“Don’t get so caught up thinking you need to intellectualise and understand everything.”

“Life is worth living, and living is about just being in the moment.”

WHERE YOU CAN FIND CARL TAYLOR
Automation Agency
CarlTaylor.com.au
LinkedIn
Facebook
Twitter

Like this episode? Have topics that you would like us to discuss?  We’d love to hear your feedback and comments. Let us know by leaving a comment below.