Welcome to a new episode of Business Lunch! In this episode, Ryan Deiss walks us through the ins and outs of managing business finances. He explains the potential pitfalls of keeping more than a month's worth of operating expenses in the account. He explains how that can lead to complacency and unnecessary spending. He also explains how business can cover unexpected events and tricky payroll situations, like those pesky months with three payroll cycles or prepaying for holidays. We go beyond the glamor of being an entrepreneur to the real details behind the scenes.

Highlights:

"We're very big on lifestyle and freedom and all those kinds of things. But it's also important to acknowledge that it's not a perfect situation very often."

"There are times when things are absolutely amazing. And there's times when things could frankly be a hell of a lot better. And I think that's called life. I think that's called entrepreneurship"

"If we're buying a business, I hate the agreement part. I love negotiation and strategy. But when it comes to reading a 75-page document, I just absolutely can't stand it."

Timestamps:

00:00 - Operating Account Insight

01:15 - Personal Calendar Reflection

02:15 - Acknowledging Imperfections

03:15 - Loving Strategy but Hating Legal Work

06:52 - The Reality of Entrepreneurship

07:39 - Cyclicality in Business

08:54 - Handling Excess Profit

10:20 - Minimum Operating Reserve

10:37 - Importance of Operational Cash

10:44 - Prepaying Payroll Challenges

CONNECT

• Ask Roland a question HERE.

RESOURCES:

• 7 Steps to Scalable workbook

• Get my book, Zero Down, FREE

To learn more about Roland Frasier

https://msha.ke/rolandfrasier/

Connect with me on social:

TikTok: / rolandfrasier

Instagram: / rolandfrasier

Facebook: / rolandfrasierpage

LinkedIn: / rolandfrasier

Subscribe to Roland Frasier

/ @rolandfrasierepic

Mentioned in this episode:

Get Roland's Training on Acquiring Businesses!

Discover The EXACT Strategy Roland Has Used To Found, Acquire, Scale And Sell Over Two Dozen Businesses With Sales Ranging From $3 Million To Just Under $4 Billion!

EPIC Training

Welcome to a new episode of Business Lunch. Today, we discuss practical strategies to navigate economic slowdowns, particularly during summer. They share insights on creative marketing, leveraging internal resources, and maximizing downtime. Whether you're experiencing a seasonal dip or a broader economic challenge, this episode is packed with actionable advice to keep your business thriving.

Highlights:

"The quickest way to drown out negativity is with an abundance of positivity."

"The Lord puts you into these situations knowing you can handle them. It's a test."

"Hard makes you resilient. Soft and easy doesn't make you resilient."

Timestamps:

00:00 - Introduction

02:30 - Current Economic Trends

05:00 - Seasonal Slowdowns

10:00 - Strategies to Combat Slowdowns

15:00 - Leveraging Internal Resources

20:00 - Creative Marketing Ideas

25:00 - The Importance of Not Panicking

30:00 - Enhancing Offers and Bundles

35:00 - Acquisition Opportunities

40:00 - Long-Term Planning and Testing

CONNECT

• Ask Roland a question HERE.

RESOURCES:

• 7 Steps to Scalable workbook

• Get my book, Zero Down, FREE

To learn more about Roland Frasier 👉 https://msha.ke/rolandfrasier/

Connect with me on social:

🎵 TikTok:

/ rolandfrasier

📸 Instagram:

/ rolandfrasier

📱 Facebook:

Welcome to a new episode of Business Lunch, Ryan Deiss and I dive deep into the concept of work-life balance. Is it a myth, a circle, or a harmonious blend of both? Get ready for a candid discussion filled with insights, personal anecdotes, and practical advice on how to achieve harmony in both work and life. Whether you're an entrepreneur, a business owner, or anyone striving for a better balance, this episode is packed with valuable takeaways to inspire you.

Highlights:

"There's plenty of work that I don't necessarily enjoy in the moment. But I'm glad that I did it when it's done. It's like exercise."

"If you can get your work life to where you enjoy half of it, that's amazing. Very few people ever achieve that."

"We're always living, I think, in extremes. I'm at my best when I'm working really, really, really hard, and then I'm in extreme rest and play mode."

Timestamps:

00:00 - The Exercise of Work

00:50 - Welcome and Introduction

01:15 - Jeff Bezos' Take on Work-Life Balance

01:41 - Impact of Work on Home Life

03:08 - Immersing in Work and Play

04:21 - Work-Life Harmony

05:35 - Defining Happiness in Work and Life

06:03 - Parenting Analogies and Work

07:14 - The Spectrum of Enjoyment in Work

09:23 - Blessed Work: Enjoying Your Job

CONNECT

• Ask Roland a question HERE.

RESOURCES:

• 7 Steps to Scalable workbook

• Get my book, Zero Down, FREE

To learn more about Roland Frasier

https://msha.ke/rolandfrasier/

Connect with me on social:

TikTok: / rolandfrasier

Instagram: / rolandfrasier

Facebook: / rolandfrasierpage

LinkedIn: / rolandfrasier

Subscribe to Roland Frasier / @rolandfrasierepic

Mentioned in this episode:

Get Roland's Training on Acquiring Businesses!

Discover The EXACT Strategy Roland Has Used To Found, Acquire, Scale And Sell Over Two Dozen Businesses With Sales Ranging From $3 Million To Just Under $4 Billion!

EPIC Training