As a mission-driven founder, you want to make sure that the mission and purpose of your business do not get lost over time. After all, you want your business for good to provide excellent products or services to your customers for years to come. Luckily, there are different ownership models you can explore. Alternative ownership or steward ownership is a concept that can help ensure that your company’s decision-making processes are in line with your mission. You can also ensure independence. In this episode, we’ll be exploring the perpetual purpose trust model with Natalie Reitman-White. Learn how the perpetual purpose trust can stock ownership and transfer it to a trust with a well-defined mission. Find out why this model allows you to share the profits and returns not only with your shareholders but also with your stakeholders. Finally, identify the considerations you’ll need to transition to the trust model in your business.If you want to make sure your business stays on track for its purpose no matter what, then this episode is for you! Episode Highlights[05:55] Natalie’s Journey [09:28] Organically Grown Company’s Growth [11:52] The Perpetual Purpose Trust Model [17:13] How the Trust Model Works [21:38] Balanced Stakeholder Representation [22:45] How Shareholders Come In  [27:34] Investors in the Trust Model [29:59] How Conventional Business Models Work  [33:13] Other Stewardship Models  [36:15] The Golden Share Model[39:45] How Purpose Should Drive the Company[44:21] Transition to  the Trust Model [51:46] Changes in the Legal Structure[53:24] Finding Investors to Support the Transition[59:16] How to Look for Investors and Lenders [1:04:05] Know Your Purpose Enjoyed This Podcast?Write a review and share this with your friends.Connect With MeReady to transform your purpose into an impactful business financial story, profit, and joy? Schedule a chat with me at any time.ResourcesVisit Christina Sjahli’s website! Learn more about alternative ownership through her Weekly Blog.Rethinking Profit as a Business Owner and Using Your Business for Good with Steward OwnershipDownload the Financial Modelling Guide so you can show investors how your company is going to look in the future! Organically Grown Company RSF Social Finance Natural Investments Purpose Evergreen CapitalThe Russell Family FoundationKelley FoundationOregon Community Foundation Alternative Ownership Advisors: Website | LinkedIn Connect with Natalie: LinkedIn   

Her CEO Journey: The Business Finance Podcast for Women Entrepreneurs

Steward Ownership: The Perpetual Trust Model - The Journey of Natalie Reitman-White

As a mission-driven founder and business owner, you want to know that your company’s mission is still being carried out despite you not being active in it any longer. You may worry that as you exit, your business may be controlled by entities that aren’t in line with how you intended for your business to run. The founder’s dilemma may also trouble you. That is, you wonder if you’ll have to choose between liquidity and legacy. We’re here to tell you that your concerns are heard, and there’s a great way to address them.This episode’s guest tells us that you can choose both liquidity and legacy. Sarah Joannides joins us in Her CEO Journey™ to share the beauty of steward ownership. With steward ownership, you can lock down your business’s purpose and independence. Through it, you can empower and give value to your stakeholders, rethink your company’s profits, and ensure the health and vitality of your ecosystem.  If you’re a founder or business owner that wants to be prepared for your business’s future, then this episode is for you!Episode Highlights[05:59] Sarah’s Journey [08:40] The Founders’ Dilemma of a Business Owner[09:21] About Steward Ownership[10:53] The Founder and Business Owner’s Options Under Steward Ownership[12:58] When Does Steward Ownership Make Sense?[15:40] Preparing for the Transition to Steward Ownership[18:29] Financing Steward Ownership[23:27] The Four Major Models of Steward Ownership[29:40] Choosing the Right Form of Steward Ownership[31:23] When to Consider Steward Ownership [37:38] Giving Up Control in Private Equity vs Steward Ownership[40:22] The Profitability of Steward Ownership Businesses[44:57] Steward Ownership for Technology Companies[48:28] Steward Ownership Business vs Public Benefit Corporation[51:52] Steward Ownership Around the World[52:52] The 1, 2, 3s of Steward Ownership[55:30] Sarah’s Parting WordsEnjoyed This Podcast?Write a review and share this with your friends.Connect With MeReady to transform your purpose into an impactful business financial story, profit, and joy? Schedule a chat with me at any time.ResourcesDownload the Forecasting Guide so you can create an improved finance strategy for your business!Exit to CommunityPurpose EconomyAlternative Ownership AdvisorsConnect with Sarah: LinkedIn | Email

Steward Ownership: A Method for Preserving Business Owner’s Legacy and Purpose - The Journey of Sarah Joannides

Many mission-driven female founders fear having debt in their business. However, when done right, taking on debt financing is actually a great way to grow and expand your business. One way to conquer your fear of going into debt financing is to plan your steps before you even approach a lender. In particular, it would benefit you to have a debt and interest repayment plan in place. Through this, you know what to expect in your business’s financials. In this solo episode, I’ll show you how to think like a CFO when crafting your debt and interest repayment plan. We’ll dive deep into the financial questions that you need to ask yourself. Our end goal is to create a realistic financial forecast that determines whether or not debt financing is suitable for your business. So tune in to know more about how you can think like a CFO so that you can plan smartly for the growth and profitability of your business! Episode Highlights:[00:00] Why You Should Plan for Debt Repayment Before Going into Debt Financing[02:16] Think Like a CFO Step #1: Create a Debt Schedule[03:15] Think Like a CFO Step #2: Review Historical Financial Results[05:29] Think Like a CFO Step #3: Clearly Identify the Assumption to Build the Forecast[06:51] Think Like a CFO Step #4: Create the Forecast[08:02] CFO Services that Will Help You Go Through Debt FinancingEnjoyed This Podcast?Write a review and share this with your friends.Connect With MeReady to transform your purpose into an impactful business financial story, profit, and joy? Schedule a chat with me at any time.

Her CFO Tips: 4 Steps in Planning Your Debt Financing Repayment and Achieving Long-Term Profitability

As a female founder and CEO, you might think that debt in your business is a bad thing. However, did you know that if you’re running a business, chances are, you likely already have business debt? One form of business debt is paying your suppliers a few days after they send an invoice. Now, this is a type of short-term debt financing strategy. There are many other ways you can leverage business debt finance to build and grow your business. You just need to learn how.In this episode, I’ll discuss the calculations you need for determining if your business is ready to take on debt as a financing strategy. Debt doesn’t have to be scary. In fact, there’s a wealth of possibilities you can explore if you have the right mindset. So tune in to this episode to learn more!Episode Highlights[01:35] Business Debt and Debt Financing[03:09] Thinking Like a Lender Tip #1: Debt Service Coverage Ratio[04:36] Thinking Like a Lender Tip #2: Business Debt-to-Income Ratio[05:25] Thinking Like A Lender Tip #3: Assessing Debt Payment[05:49] The Importance of a Financial Forecast[06:51] Making Proactive and Strategic Business DecisionsEnjoyed This Podcast?Write a review and share this with your friends.Connect With MeReady to transform your purpose into an impactful business financial story, profit, and joy? Schedule a chat with me at any time.ResourcesVisit Christina Sjahli’s website for related episodes on the Her CEO Journey™ Podcast.The Circular Approach: Decreasing Plastic Waste with a Sustainable Business - The Journey of Plaine ProductChanging the Future of Business: Slow Growth and Sound Financial Planning are the Secrets - The Journey of BadgerUnderstand whether your needs fall under long term debt financing or short term debt financing with the previous episode of Her CFO Tips:Her CFO Tips: Financing Strategy Based on Short-Term versus Long-Term Capital NeedsDownload the Debt Service Coverage Ratio Calculator, so you can see if your business can handle debt! 

Her CFO Tips: How To Find Out If Your Business Can Afford Debt Financing

Many founders shy away from debt financing because of a lack of knowledge. However, debt financing can be beneficial to businesses with a steady cash flow and existing assets. When you play your cards right, you can secure financing for your business without having to give any ownership away. In this episode, I’ll show you how to match your short-term and long-term capital needs to the right debt financing option. Then, I’ll give you 10 options for how you can finance your business, depending on your situation. Finally, I’ll show you the keys to securing any type of financing. Once you get these right, you can save your business from paying higher interest rates while also fulfilling your needs. Tune in to the full episode to know how you can grow your business through debt financing! Episode Highlights: [01:12] Choosing a Financing Strategy[02:14] Short-Term versus Long-Term Capital Needs[02:39] Equity Financing versus Debt Financing[03:55] Short-Term Financing Needs Option #1: Trade Credit[04:43] Short-Term Financing Needs Option #2: Overdraft Financing[05:06] Short-Term Financing Needs Option #3: Revolving Loan[05:27] Short-Term Financing Needs Option #4: Invoice Financing[06:24] Short-Term Financing Needs Option #5: Purchase Order Financing[06:39] Short-Term Financing Needs Option #6: Inventory Financing[07:06] Short-Term Financing Needs Option #7: Payables Financing[07:56] Long-Term Financing Needs Option #1: Equipment Financing[08:36] Long-Term Financing Needs Option #2: Project-Based Financing[09:00] Long-Term Financing Needs Option #3: IP-Backed Financing[09:35] Keys to Any Financing Strategy[10:03] Why Female Founders are Reluctant to Choose Debt FinancingEnjoyed This Podcast?Write a review and share this with your friends.Connect With MeReady to transform your purpose into an impactful business financial story, profit, and joy? Schedule a chat with me at any time.ResourcesVisit Christina Sjahli’s website for related episodes on the Her CEO Journey™ Podcast.Invoice Factoring: Financing Your Business Recovery and Growth with Prestige Capital - The Journey of Rachel HershChanging the Future of Business: Slow Growth and Sound Financial Planning are the Secrets - The Journey of BadgerGrowing Your Business with IP-Backed Financing - The Journey of Lally RementillaDownload the Forecasting Guide so you can create a better and improved financial forecast for your business!

Her CFO Tips: Financing Strategy Based on Short-Term versus Long-Term Capital Needs

Having a trademark is fundamental to protecting your business assets and potential growth.A challenge that comes with growing your business is protecting ownership of your primary assets. And you can do this all by creating an identity that sets yourself apart from your competitors.In this episode of Her CEO Journey™, trademark agent and lawyer Cynthia Mason talks about the value of trademarks and how many business owners can benefit from registering for one. She discusses why a trademark is essential to assets and ownership. She also shares some great advice on naming your business, especially when you want to stand out. Finally, we learn about how to register for a trademark and common misconceptions around trademarks.Tune in to find out more about how trademarks can bring value to your business!Here are Three Reasons Why You Should Listen to the Full Episode: Learn about the benefits of having a registered trademark for your business.You will discover the common misconceptions of business owners concerning trademarks.Cynthia shares her advice on the step-by-step process of how to trademark a name.Episode Highlights[04:41] Cynthia’s Journey [05:30] What is a Trademark?[08:38] What Makes A Good Name [11:17] The Small Business Perspective on Personal Names[14:16] Selling Your Business Under a Personal Name[17:03] Types of Trademarks[18:01] Trademarking Your Methodology[21:40] Deadlines for Registering to Trademark a Name[24:33] Using the ™ Symbol[28:37] How to Trademark a Name[34:04] The Value of Having a Trademark Agent[36:39] Your Trademark Channel [38:30] Doing Research Before Using a Name[39:06] Common Misconceptions About Trademarks[43:32] Registering a Trademark without a Lawyer or Agent[47:15] Benefits of Registering Your TrademarkEnjoyed This Podcast?Write a review and share this with your friends.Connect With MeReady to transform your purpose into an impactful business financial story, profit, and joy? Schedule a chat with me at any time.ResourcesGrowing Your Business with IP-Backed Financing - The Journey of Lally RementillaScaling Your Business and Attracting Investors: How IP-Backed Financing Can be Your Growth Strategy for Business - The Journey of Lesley GouldieDownload the Forecasting Guide so you can create an improved finance strategy for your business!Find out more information on trademarks from the Canadian Intellectual Property Office.Mason PC TrademarksMarkably®Connect with Cynthia: LinkedIn

Assert Your Business Identity: Why It’s Important to Trademark a Name - The Journey of Cynthia Mason (Intellectual Properties Series)

Financing is a requirement for the growth of your business. However, traditional financing may not be the best option for the nature of your business. Luckily, there are different options available to you. Your unique ideas, processes, and technology can be protected in the form of IP. You can then leverage this IP portfolio for debt financing. Through this process, you’re able to scale up and attract more investment opportunities.Lesley Gouldie of Thornhill Medical joins us in this episode to discuss how her company leveraged IP-backed financing to ensure their growth. We learn why Thornhill Medical chose an alternate commercial lender over a traditional one for their financing strategy. We also find out the process of obtaining IP-backed financing and how we can use this to attract the right investors. Finally, we get some great advice on hiring a CFO or financial advisor and scaling strategically. Do you want to know how you can use IP for debt financing as a growth strategy for business? Then, tune in to this episode to learn more!Here are three reasons why you should listen to the full episode:Find out the difference between debt financing versus equity financing.Learn how you can prepare for IP-backed financing as a growth strategy for your business.Determine critical steps in the financial planning process when scaling up.Episode Highlights[05:04] Lesley’s Journey[06:35] Why IP Matters to Thornhill Medical[08:39] The Basics of Patents[09:49] Thornhill Medical’s IP Strategy[10:44] Thornhill Medical’s Financing Strategy: Debt Financing with Quantius[12:49] IP-Backed Financing as a Growth Strategy for Business[14:08] Why They Didn’t Get Financing from a Regular Bank[16:56] Debt Financing versus Series A Equity Financing as a Growth Strategy for Business [20:18] Making the Company More Attractive to Investors[21:02] Preparations Needed for IP-Backed Financing[23:51] Financial Planning Process During Company Hypergrowth[26:47] The Importance of Having a Financial Background as a CEO[27:32] Why Startups Should Consider Working with a CFO[29:53] Lesley’s Final Advice on Scaling StrategicallyEnjoyed This Podcast?Write a review and share this with your friends.Connect With MeReady to transform your purpose into an impactful business financial story, profit, and joy? Schedule a chat with me at any time.ResourcesUnlocking Financial Opportunities with IP: How to Patent an Idea - The Journey of Susan BlanchetGrowing Your Business with IP-Backed Financing - The Journey of Lally RementillaDownload the Forecasting Guide so you can create a better and improved financial forecast for your business!Thornhill MedicalConnect with Lesley: LinkedIn

Scaling Your Business and Attracting Investors: How IP-Backed Financing Can be Your Growth Strategy for Business - The Journey of Lesley Gouldie (Intellectual Properties Series)

Many companies don’t realize the value of their intellectual property. Leveraging assets, such as an IP portfolio, is necessary for scaling businesses for growth. These days, venture capital investors, like BDC Capital, open opportunities for companies to receive IP-backed financing.In this episode of Her CEO Journey™, Lally Rementilla joins us to explain how IP-backed financing can scale your business. She also shares with us how her company provides financial support to businesses through their processes of valuation of IP portfolios.Tune in to learn how IP-backed financing can help grow your business!Here are three reasons why you should listen to the full episode:Find out about the different types of IP-backed financing for intellectual property protection.Learn about the valuation process and how to create an IP portfolio.Determine the key factors in acquiring financing deals, protecting your intellectual properties and assets, and earning patents.Episode Highlights[05:51] Lally’s Journey[09:15] Joining Quantius and BDC Capital[12:30] Deploying Funds[14:37] Attracting Foreign Companies[15:38] Defining Intellectual Property[17:14] Debunking Misconceptions on Intellectual Property Protection[19:31] BDC on Expanding Their IP-Backed Financing[21:05] Providing IP-Backed Financing[24:55] The Three Methods of Valuing Assets[29:22] Preparing for IP-Backed Financing Funds[31:42] Doing a Scenario Analysis[35:33] Creating an IP Portfolio and Strategy[37:36] Other Factors That Influence Debt Financing[41:14] On Reporting Requirements[43:35] Structuring a Financing Agreement[46:42] Other Financing Costs to Consider[48:59] How Long Does IP-Backed Financing Take?[53:26] Blazing the Trail for IP-Backed FinancingEnjoyed This Podcast?Write a review and share this with your friends.Connect With MeReady to transform your purpose into an impactful business financial story, profit, and joy? Schedule a chat with me at any time.ResourcesDemystifying Intellectual Property: IP as a Tool for Protection and Growth - The Journey of Patent Lawyer Isi CaulderBuild Your Business Reputation: Learn How to Protect Intellectual Property and Use IP Strategies - The Journey of Cassandra DerhamUnlocking Financial Opportunities with IP: How to Patent an Idea - The Journey of Susan BlanchetDownload the Forecasting Guide so you can create a better and improved financial forecast for your business!BDC Capital: English | FrenchCanadian Intellectual Property Office

Growing Your Business with IP-Backed Financing - The Journey of Lally Rementilla (Intellectual Properties Series)

Filing and acquiring patents is not an easy feat. The process is expensive, time-consuming, and intricate. With so many things to consider, it&apos;s easy to be discouraged. However, it&apos;s important to remember that IPs are of great value to your company. If you want to become an industry leader, it&apos;s beneficial to learn how to patent your ideas.In this episode, Susan Blanchet shares first-hand knowledge on developing an effective IP strategy. We learn why you should invest in IP and how you can leverage your IP strategy for financing. We also find out how patent agents, strategists, and industry advisors can help you through the process.Listen to the full episode to know how to figure out the pieces necessary to develop the best IP strategy.3 reasons why you should listen to the full episode:Gain a concrete idea of how to patent an idea. Learn how you can segment your IP.Understand the role of patent agents, strategists, and industry advisors in formulating your IP strategy.Episode Highlights[05:38] Susan&apos;s Journey into IP[06:41] Early Experiences in IP[07:51] How to Patent an Idea[09:59] Strategic Segmentation for Patents[13:35] Working with International IPs[15:18] The Role of Patent Agents[20:43] Multidisciplinary Approaches to IP[24:04] The Benefits of an IP Strategy[26:24] Susan&apos;s Financing AdviceEnjoyed This Podcast?Write a review and share this with your friends.Connect With MeReady to transform your purpose into an impactful business financial story, profit, and joy? Schedule a chat with me at any time.ResourcesVisit Christina Sjahli’s website! Learn more about innovating and scaling your business through the Her CEO Journey™ podcast.Demystifying Intellectual Property: IP as a Tool for Protection and Growth - The Journey of Patent Lawyer Isi CaulderBuild Your Business Reputation: Learn How to Protect Intellectual Property and Use IP Strategies with Cassandra DerhamDownload the Forecasting Guide so you can create a better and improved financial forecast for your business!CanExportInnovation Asset CollectiveSustainable Development Technology CanadaLearn more about Origen Air: websiteConnect with Susan: Website | LinkedIn

Unlocking Financing Opportunities with IP: How to Patent an Idea — The Journey of Susan Blanchet (Intellectual Properties Series)

Intellectual property allows founders and CEOs to have a firm hold of their business ideas and trade secrets. You may not realize it, but these intellectual assets hold intrinsic value. They help keep you competitive and innovative in an ever-changing market. That’s why it’s important to protect these assets with an IP strategy.Cassandra Derham joins us in this episode for an insightful chat on this matter. We learn the six strategic pillars of IP and examples of their uses. Next, we find out their importance and how we can apply these pillars to small businesses. Finally, Cassandra identifies some ways you can explore to use your IP assets for financing. Tune in to learn more about how to protect and leverage IP so you can scale your business!Here are three reasons why you should listen to the full episode:Learn about the six pillars of IP strategy.Discover how to protect your intellectual property, specifically, how to establish your know-how.Find out how to create an IP strategy that will help sustain your business and increase benefits in the long run.Episode Highlights[05:22] Cassandra’s Journey[06:25] What is Intellectual Property?[08:30] How to Protect Intellectual Property with a Strategy[17:12] On Trade Secrets[19:03] Know-Hows as Intellectual Property[20:47] Obtaining a Trademark[23:20] How to Protect Intellectual Property for Small Businesses[27:45] More Tips on How to Protect Intellectual Property[30:59] On Patent-Pending and Due Diligence[34:57] On Exit Strategies[36:14] IP-Backed Financing and How It Works [39:58] Cassandra’s Advice on Creating IP Strategies[41:11] Common Mistakes When Learning How to Protect Intellectual PropertyEnjoyed This Podcast?Write a review and share this with your friends.Connect With MeReady to transform your purpose into an impactful business financial story, profit, and joy? Schedule a chat with me at any time.ResourcesVisit Christina Sjahli’s website! Learn more about innovating and scaling your business through the Her CEO Journey™ podcast.Demystifying Intellectual Property: IP as a Tool for Protection and Growth - The Journey of Patent Lawyer Isi CaulderDownload the Forecasting Guide so you can create a better financial forecast and improve finance for your business!Connect with Cassandra: LinkedIn

Build Your Business Reputation: Learn How to Protect Intellectual Property and Use IP Strategies with Cassandra Derham (Intellectual Properties Series)

Filing for intellectual property rights is unfamiliar terrain for some founders and CEOs. Beyond developing an IP strategy, most aren’t aware of its value and what it entails for their businesses. However, taking this precaution to safeguard your business is critical. It can not only save you money in the long run, but it can also provide you with many growth opportunities.Isi Caulder, a patent lawyer with experience planning IP rights for businesses, joins us in today&apos;s episode. She describes how she went from being an engineer to becoming a patent lawyer and why she chose to specialize in intellectual property. Isi also goes over the types of intellectual property, their value, and how we can apply for them. Later on, we learn what it takes to develop a sound IP strategy and how this can be attractive to investors. Finally, we understand the importance of working with a patent lawyer and how their expertise can help you ensure your company’s growth. Tune in to the episode if you want to learn about intellectual property and how to use it to your advantage.Here are three reasons why you should listen to the full episode:Learn about the types of intellectual property and their differences.Discover the importance of IP and employing the help of IP lawyers in empowering your company.Understand how IP can be used as an asset that can open up more opportunities for financing your business.Episode Highlights[05:58] How Isi Became a Patent Lawyer[07:07] What is Intellectual Property?[08:23] Other Types of IP[10:48] How to Identify Your IP[12:12] Advice Around IP[13:24] Crafting an IP Strategy[15:15] Next Steps to Filing IP[19:30] Why IP is Crucial for Your Business[21:35] Funding Opportunities[23:55] How to Use IP for Financing[26:56] Why Employment Agreements Matter[29:03] Cost-Benefit Analysis for IP [33:17] Financing Using Trade Secrets[34:24] Parting AdviceEnjoyed This Podcast?Write a review and share this with your friends.Connect With MeReady to transform your purpose into an impactful business financial story, profit, and joy? Schedule a chat with me at any time.Resources:Visit Christina Sjahli’s website! Learn more about innovating and scaling your business through the Her CEO Journey™ podcast series.Download the Forecasting Guide so you can create a better and improved financial forecast for your business!CanExportThe Government of Canada’s Concierge program: CENGN Connect with Isi: LinkedIn | Email | Twitter 

Demystifying Intellectual Property: IP as a Tool for Protection and Growth — The Journey of Patent Lawyer Isi Caulder (Intellectual Properties Series)

Most people believe that bootstrapping is only applicable to early startups. However, bootstrapping can also be a valuable financial strategy for businesses in the growth stage. In this solo episode, we learn the definition of bootstrapping and how it’s different from getting outside investment. Then, we discuss the three instances when it makes sense for founders to bootstrap. Finally, we find out seven practical and actionable tips to bootstrap for business growth. With this knowledge, you’ll be able to make the best financial decisions based on what aligns with your purpose. So tune in to this information-packed episode to learn more!3 reasons why you should listen to the full episode:Learn the definition of bootstrapping.Understand when it is appropriate to use bootstrapping for funding business growth.Find out concrete tips on how you can bootstrap your business growth to success.Episode Highlights[01:58] What is Bootstrapping?[02:47] Bootstrapping for Growth Purposes[03:40] Reason #1: Your Social Impact Mission is Front and Center[04:02] Reason #2: You Choose Profitability Over Hypergrowth[04:30] Reason #3: You Want to Attract Better Deals in the Future[04:58] How to Implement Bootstrapping During the Growth Stage[05:11] Tip #1: Be Creative[05:52] Tip #2: Take Advantage of Project-by-Project Financing[07:15] Tip #3: Finance Your Social Impact Goal Through Partnerships[08:12] Tip #4: Reduce Costs by Continuously Improving Your Internal Processes[09:14] Tip #5: Develop Financial Discipline[09:29] Tip #6: Review Financial Statements on a Monthly Basis[10:00] Tip #7: Obsessively Track Profitability[10:33] Bootstrapping and Business PlanningEnjoyed This Podcast?Write a review and share this with your friends.Connect With MeReady to transform your purpose into an impactful business financial story, profit, and joy? Schedule a chat with me at any time.ResourcesVisit Christina Sjahli&apos;’s website for more insights on business finance on the Her CEO Journey™ podcast.Episode 124: The Circular Approach: Decreasing Plastic Waste with a Sustainable Business — The Journey of Plaine ProductsEpisode 125: Getting Lean: Reduce Waste and Production Costs through Lean Manufacturing — The Journey of Meliora Cleaning ProductsEpisode 126: Changing the Future of Business: Slow Growth and Sound Financial Planning are the Secrets — The Journey of BadgerChat with Christina and set up a time here!Are you getting ready to raise capital? Identify the financial gaps that can stop you from building a profitable and sustainable business first. Download this quiz!

Her CFO Tips: How To Use Bootstrapping as a Financing Strategy During Your Business’s Growth Stage

When thinking about growing businesses, you may often think it requires heavy financing. However, not having investors doesn&apos;t mean that your company cannot scale. There are many financing options available to you. For a business that wants to focus on its impact and purpose, slow growth may be the right fit for you.Slow growth means that you&apos;re strategic about where you put your finances. You invest in your purpose; you also use your profits as a tool to intensify your impact on people and the planet. This is precisely what Badger does.Rebecca Hamilton, Badger’s family owner and co-CEO, joins us in this episode. We learn the company’s background and its secrets to success and stability. Rebecca also shares how strategic planning and financial planning factor into the equation. Finally, we reexamine the importance of having a CFO guide you through your company’s finances. Tune in to get great insights that you can readily apply to your business to ensure its success and stability! Here are three reasons why you should listen to the full episode:Learn about Badger: its inspiration, growth, and advocacy.Discover how Badger successfully grew into the business it is today through creative financial planning.Get a peek at the process of transition of leadership in business as shared by Rebecca. Episode Highlights[05:49] Badger’s Origins[07:52] Rebecca’s Background[13:07] Public Benefit Corporation Legislation[15:05] Badger Becomes B Corp Certified[19:01] Challenges During Badger’s Early Days[23:09] On Bad Margins[25:35] Balancing Product Complexity[27:40] Finding Your Niche [29:07] Badger’s Secret to Profitability [33:21] Badger’s Financing[37:38] Badger’s Strategic Planning and Financial Planning[40:25] How a CFO Can Help with Financial Planning[43:09] Lessons from TransitionEnjoyed This Podcast?Write a review and share this with your friends.Connect With MeReady to transform your purpose into an impactful business financial story, profit, and joy? Schedule a chat with me at any time.ResourcesVisit Christina Sjahli’s website! Learn more about innovating and scaling your business through the Her CEO Journey podcast series.Episode 101: Embracing Purpose Entrepreneurship and Becoming a B-Corp: The Journey of Carla Heim and Kasha HukTry out the Cash Flow Conversion Calculator to determine if your business is experiencing a cash flow issue. Badger: Facebook | Twitter | Instagram | WebsiteConnect with Rebecca: LinkedIn

Changing the Future of Business: Slow Growth and Sound Financial Planning are the Secrets - The Journey of Badger (Business for Good Series)

Businesses exist to provide value to customers while earning profit in the process. Until recently, this approach took the form of pursuing profit at all costs. Nowadays, more businesses are committing to incorporating social and environmental objectives into their plans. It is possible for businesses to grow and profit while minimizing adverse impacts on people and the environment. The key is strategic thinking and innovation.As the founder of Meliora Cleaning Products, Kate knows this well. A company committed to using safe ingredients in its products, Meliora aims to positively impact the planet. In this episode, Kate discussed the approach she takes to ensure that sustainability is included in all aspects of her business operations. She also talks about lean manufacturing and just-in-time inventory as strategies to reduce waste and increase efficiency. Finally, we discuss the importance of knowing your numbers and determining the right time to hire a CFO.If you want to know what it takes to maintain a profitable and sustainable business with the help of different systems, then tune in to this episode!3 reasons why you should listen to the full episode:Discover the environmental problem that Meliora addresses. Find out what lean manufacturing and just-in-time inventory are and how they can help reduce waste and lower costs.Learn how Kate implements practices, techniques, and changes to grow a sustainable business and achieve her vision for the company.Episode Highlights[05:56] Meliora’s Roots[08:37] What Sets Meliora Apart[10:53] The Product Manufacturing Process[13:43] The Cash Flow Planning Process [16:08] Setting Meliora’s Pricing and Costs[18:00] Making Eco-friendly Decisions[19:20] Understanding Lean Manufacturing[23:21] How to Apply Lean Manufacturing[25:26] The Risks of Just-in-Time Inventory System[27:57] The Importance of Understanding the Supply Chain [29:51] How Lean Manufacturing Helped While Bootstrapping Meliora [30:45] Vision For Meliora[32:24] When to Hire a CFO Enjoyed This Podcast?Write a review and share this with your friends.Connect With MeReady to transform your purpose into an impactful business financial story, profit, and joy? Schedule a chat with me at any time.ResourcesTry out the Cash Flow Conversion Calculator to determine if your business is experiencing a cash flow issue. Check out Meliora Cleaning ProductsMaker to Manufacturer by Kate JakubasVisit Christina Sjahli’s website! Learn more about innovating and scaling your business through the Her CEO Journey podcast series.Episode 101: Embracing Purpose Entrepreneurship and Becoming a B-Corp: The Journey of Carla Heim and Kasha Huk

Getting Lean: Reduce Waste and Production Costs through Lean Manufacturing - The Journey of Meliora Cleaning Products (Business for Good Series)

All businesses begin with a purpose. Purpose serves as the heart of your business. Your business and the decisions you make should always reflect that purpose. Thus, it significantly impacts the entirety of your business — from the materials you choose for your products to the financial decisions you need to make.For Lindsey and Alison, their purpose of providing an environment-friendly alternative to plastic bottles and their desire to reduce their carbon footprint forms the core of their company, Plaine Products. They kept their goal in mind from start to finish, and you can see it reflected in all of their business decisions.Tune in to the episode for an insightful discussion on creating long-term profit and supporting your business with alternative financing. In this activity, you will gain a clearer perspective on making decisions that will benefit your purpose and profits.3 reasons why you should listen to the full episode:You will find out how much plastic waste has been damaging our planet and how we can make a difference.Learn how to face the challenges of innovating and financing your product, from research to development.Take inspiration from Lindsey and Alison&apos;s business journey — from scaling a sustainable business to providing solutions!Episode Highlights[05:57] The Beginning of Plaine Products[09:31] The Issues Plaine Products Addresses[10:13] Lindsey’s Blind Side[11:34] What Was Going on Before the Launch[13:27] The Biggest Challenge During Research Phase[14:23] The Beginning of a Sustainable Business[18:39] Managing Finances During Research [21:17] Challenges in Terms of Innovation, Product, and Process[24:24] Step-By-Step Processes in Scaling[25:35] Keeping a Sustainable Pace[27:28] Why a Loan and Not Investors? [28:50] The Structure of Debt Financing [30:46] Vision for Plaine Products[31:32] Metrics to Measure Progress [32:08] Going Global[32:32] When Your Business Needs a Part-Time CFO[34:45] Their Advice for Female FoundersEnjoyed This Podcast?Write a review and share this with your friends.Connect With MeReady to transform your purpose into an impactful business financial story, profit, and joy? Schedule a chat with me at any time.ResourcesVisit Christina Sjahli&apos;s website for more insights on business finance on the Her CEO Journey podcast.Download this Action Guide to help you make clearer business decisions that balance your purpose and profits.Identify the financial gaps that can stop you from building a profitable and sustainable business. Download this quiz!

The Circular Approach: Decreasing Plastic Waste with a Sustainable Business — The Journey of Plaine Products (Business for Good Series)

About Her CEO Journey: The Business Finance Podcast for Women Entrepreneurs: It is a FREE weekly show where my featured guests and I explore the financial and business challenges women face on the entrepreneurial journey to success. You'll hear them talk about the money side of their businesses in ways you've always wanted to know about, but wouldn't dare ask. They openly share their disappointments, failures, successes, and everything in-between as they grew sales ranging from 6 to 9 figures. Knowing where your business stands financially helps you make critical decisions with confidence. It's simply the best way to be sure you grow a business that fuels the life you want to live. Why a podcast? Because a podcast is learning on the go for the busy entrepreneur, mom, and wife, like us. You can listen to this FREE content using apps like Apple Podcasts, Spotify, Google Podcasts, Stitcher or IHeart Radio, while you are driving to work, taking your kids to different activities, cleaning the house, cooking dinner or relaxing.

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Her CEO Journey: The Business Finance Podcast for Women Entr...

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