The Unfiltered Tea with Evie
If you've ever avoided looking at your numbers, wondered whether to incorporate, or felt like chasing revenue goals was leaving you exhausted and broke, this episode is for you. Evie sits down with Stacey Millard, accountant, entrepreneur and founder of Thrive Accounting, who sold her first accounting firm for seven figures and has been helping creative and service-based business owners understand their money ever since. This conversation is equal parts practical and refreshing, and Stacey makes the numbers feel way less scary than you think. In This Episode * How Stacey built and sold her first accounting firm for seven figures (and what she learned from it) * Why money is the circulation of your business, not the enemy * The five pillars Stacey uses to help business owners set realistic financial goals * Why chasing 10K months is probably the wrong goal for most entrepreneurs * The truth about sole proprietor vs. corporation in Canada (and why incorporating too early can cost you more than it saves) * What lag numbers vs. lead numbers actually mean and why both matter * How to know if your margins are healthy (and what to do if they're not) * The money habits every solopreneur should have in place * Why scared money doesn't make money and how to get out of financial fear mode * What genuine networking looks like and why going a mile wide hurts your business Questions Answered in This Episode * Should I incorporate my small business in Canada? * What is the difference between a sole proprietor and a corporation in Canada? * When does it make sense to incorporate in Canada? * How do I set realistic revenue goals for my business? * What are lag numbers and lead numbers in business? * How do I know if my business is actually profitable? * What should I track in my business finances as a solopreneur? * How do I budget for my business expenses? * What is profit margin and why does it matter? * How do I stop avoiding my business finances? * What accounting software should I use as a small business owner? * Is Profit First worth it for Canadian business owners? * How do I price my services to actually be profitable? * How do I build a business that works without me? * What skills do entrepreneurs actually need to succeed? * How do I network authentically without feeling salesy? * How do I get out of financial scarcity mindset as an entrepreneur? Find Stacey On... Instagram: https://www.instagram.com/stacey.millard/ [https://www.instagram.com/stacey.millard/] Podcast: https://smallbusinessschool.buzzsprout.com/ [https://smallbusinessschool.buzzsprout.com/] Website: https://thriveaccounting.co/ [https://thriveaccounting.co/] Find Evie On... Instagram: https://www.instagram.com/evietavaresbranding/ [https://www.instagram.com/evietavaresbranding/] LinkedIn: https://www.linkedin.com/in/evie-tavares-352291258/ [https://www.linkedin.com/in/evie-tavares-352291258/] Website: https://www.evietavaresbranding.ca/ [https://www.evietavaresbranding.ca/]
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