ConversActions
What's the difference between surviving and thriving as a small business owner? In this episode, Tina Lockwood, co-founder of Lockwood Enterprises, reveals how proper financial structure and strategic thinking can transform a new or struggling business into a profitable, scalable enterprise. From starting in their home office to establishing a brick-and-mortar presence after 15 years, Tina and her husband Doug have built a comprehensive accounting and business advisory firm that serves Wisconsin and Arizona. Their three-part approach – stabilize, strategize, and scale – has helped countless entrepreneurs move from "receipts in a paperclip" chaos to predictable profitability and compliance readiness. In this episode, we explore: (00:00) Opening thoughts on peace of mind versus profit in business (02:10) Tina's journey from home office to brick-and-mortar success (03:25) The three-part structure of Lockwood Enterprises (04:53) Scale Up Milwaukee program experience and networking benefits (06:11) The power of mentorship through SCORE (08:19) What business owners commonly overlook about their finances (09:39) The stabilize, strategize, and scale process (15:27) Success story: moving a client from crisis to profitability (18:13) What drives their passion for client empowerment (19:32) Leveraging AI in accounting and business advisory services (21:54) Key lessons learned: structure, compliance, and mindset shifts (25:27) Building a business for generational impact and legacy Resources Mentioned Scale Up Milwaukee: 10-week entrepreneurial development program [https://thebusinesscouncilmke.com/programs/] SCORE: Mentorship program for small business owners [https://www.score.org/] SBA 504 loan program [https://www.sba.gov/funding-programs/loans/504-loans] Lockwood Enterprises [https://www.lockwoodenterprises.biz/]
27 episodes
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