In this episode of “More Influence and Impact,” host Celia Faye Meisel interviews Megan Schwan, a single mom, speaker coach, and financial expert who is on a mission to empower small business owners to create profitable and successful companies.
Megan shares her insights into the common missing piece that leads to lower profitability for clients and offers practical strategies to help business owners make better financial decisions.
Megan discusses the importance of understanding and managing financial numbers, highlighting the potential chaos that can arise if not properly handled. She shares her own experience of adding tax planning as a service and how it has saved her clients tens of thousands of dollars. Megan also emphasizes the role of a CEO in driving the business forward, creating a healthy company culture, and delegating effectively.
The episode delves into the power of having a cash flow management system, as Megan’s firm is in the process of becoming certified as a profit first professional firm. This system allows regular people to manage their everyday finances without needing to be accounting experts, empowering them to make informed decisions and boost profitability.
Tune in to this episode to gain valuable insights from Megan Schwan on how to increase profitability, gain financial clarity, and ultimately create a thriving and sustainable business.
[00:00:43] Megan empowers small businesses for profitability.
[00:03:15] Using 7 words: Budgeting tools help understand business profitability.
[00:09:51] Growth requires delegation, management, and team.
[00:13:12] Understanding your numbers is crucial for business success.
[00:18:13] Profit First helps manage everyday money, empowering business owners.
[00:22:23] Accounting lacks strategy; tax planning is proactive.
[00:27:24] Business empowers me, helps others succeed.
About Megan Schwan:
Megan Schwan is the CEO and Founder of Sidekick Accounting Services. As a single Mom to 4 beautiful children she understands the necessity and benefit of running a profitable and successful company. Most businesses provide for families both the owners and the employees. Her mission and passion is changing the statistic that 8 out 10 small businesses fail and empowering other “regular” people to create the business of their dreams.
Megan is also a speaker, coach and published author. She pours into the small business communities providing education and support to starting and growing businesses. As your Accounting & Tax Sidekick she and her team are here to help you understand, use and grow!
When she is not working to change the world of small business she enjoys exploring new places and experiences with her kids!
How to connect with Megan Schwan: