Summary

In this episode of Harmonious Wealth, Iyanna Vaughn discusses the onboarding process for financial support services, detailing the steps clients will take in the first six weeks. She emphasizes the importance of a streamlined approach to financial management, including the profit planning intensive and cash flow strategies. The conversation highlights how clients can transform their financial experience and gain insights into their business's financial health.

Takeaways

• You don't need to manage finances alone.
• The onboarding process is streamlined and supportive.
• Profit planning is a holistic approach.
• Understanding cash flow is crucial for business health.
• The cash flow compass provides actionable insights.
• Clients receive a personalized treatment plan.
• The first financial report is delivered by week six.
• Transformational support is available for business owners.
• The CEO salary calculator helps determine personal pay.
• Regular communication through Slack enhances support.

Chapters

00:00 Introduction to Financial Support

00:47 Onboarding Process Overview

02:47 Kickoff Call and Initial Steps

04:02 Profit Planning Intensive

05:45 Cash Flow Compass Explained

09:04 Finalizing Bookkeeping and Reporting

10:37 Transformational Experience with Financial Strategy

Past Episodes Mentioned: The Overflow Method Series

• E37: You Don’t Need More Revenue—You Need a Rhythm (And a Profit Plan)
• E36: Profit Leak Detection: Stop the Financial Drains
• E35: Financial Storytelling: Making Sense of Your Numbers
• E34: Vision Casting: Building With the End in Mind

MENTIONED IN THIS EPISODE

• Learn more about The Financial Strategy Experience - lovelyfinancials.com/strategy
• Get The CEO Salary Calculator - lovelyfinancials.com/ceo
• Get the Cash Flow Planner - lovelyfinancials.com/planner

Summary

In this episode, Iyanna Vaughn interviews Jillian Smith-Austin, founder of One Touch Events, discussing her journey in event planning and financial management. Jillian shares her early experiences with money, the importance of financial education, and how she transitioned from personal finance to managing her business finances. They explore the significance of cash flow, profitability, and the role of financial strategy in business growth. Jillian emphasizes the need for collaboration and transparency in financial discussions, and they conclude with insights on achieving harmonious wealth in both personal and professional realms.

Takeaways

• Jillian's early experiences with money shaped her financial mindset.
• The importance of saving and tithing was instilled in Jillian from a young age.
• Transitioning from personal to business finances can be challenging but necessary.
• Understanding cash flow is crucial for service-based businesses.
• Automating financial processes can lead to a more stable business environment.
• CEO salary should be consistent and reflective of business health.
• Financial strategy is essential for scaling a business effectively.
• Collaboration and transparency in financial discussions enhance business growth.
• Breaking industry norms can lead to greater confidence in pricing.
• Harmonious wealth encompasses both financial success and personal fulfillment.

📚MENTIONED IN THIS EPISODE

• Get The CEO Salary Calculator - lovelyfinancials.com/ceo
• Learn more about The Financial Strategy Experience - lovelyfinancials.com/strategy
• Get the Cash Flow Planner - lovelyfinancials.com/planner

In this episode of Harmonious Wealth, Iyanna Vaughn dives deep into the 4th phase of her signature framework, The Overflow Method–Wealth Flow Design. The art of designing wealth rather than just chasing revenue. Discover the importance of a profit plan and how to create a system that combines stewardship with strategy. Iyanna also shares insights and fully shares her profit planning and explains the four cash flow quadrants inspired by Robert Kiyosaki's book. Learn how to leverage your business to build wealth through increased profits and strategic planning.

Key Takeaways:

• Revenue growth doesn't equate to wealth growth.
• The importance of a profit plan and wealth flow design.
• Understanding the four cash flow quadrants.
• How to create a CEO salary calculator and profit plan.

Action Items:

• Watch the YouTube Version so you can see the screenshare https://youtu.be/u0fvozTjFu0
• Get The CEO Salary Calculator - lovelyfinancials.com/ceo
• Learn more about The Financial Strategy Experience - lovelyfinancials.com/strategy
• Get the Cash Flow Planner - lovelyfinancials.com/planner