Episode 073 – Focus on Your Wins with Shannon White

Shannon White Elaine's Kitchen Table Parenting With Soul

Show Notes:

​My guest today is ​an internationally recognized certified Parent Coach, Registered Psychiatric Nurse and Intuitive Guide. ​ ​An expert in child and youth mental health with over 15 years of experience working with families, ​she uses her​ unique and​ intuitive abilities to get to the root of the problem quickly and deliver results.  ​ I am honoured to have this lovely mompreneur here today, Shannon White!​

​Hear what she learned from her worst business experience and how it is  necessary to reflect on your wins and visualize success in order to succeed.

The best lesson in business that​ she has ​learned is to advocate for what you believe in and stick to what makes you unique regardless of how others perceive your unique delivery, product or service.

Where to find Shannon, and Parenting With Soul:

www.parentingwithsoul.com

parentingwithsoul [@] gmail.com

Show Sponsor:

Mompreneurs Canada - VancouverMompreneurs Canada – Are you a multi-tasking woman who is not only a Mom but also an entrepreneur? Could you use some support making your business successful while still being an incredible Mom? If so, you need to find out how to be a part of Mompreneurs, Canada’s national network for female entrepreneurs who want it all. Visit www.themompreneur.com for details, or contact me!

I run the Greater Vancouver chapter of Mompreneurs Canada, so if you have any questions about how this awesome organization can help you, just ask!

Twitter: @chatwithelaine
Email: elaine [@] elaineskitchentable.com


Did you like what you heard here?  Then be sure to subscribe to Elaine’s Kitchen Table on iTunes, and you will get every new episode delivered straight to your iPhone or iPad!

itunes-button-300x109

 

 

If you have a second and like what you hear, an iTunes review would be SO appreciated!

http://www.elaineskitchentable.com/itunes

Episode 072 – Reducing Risk in Your Home-, Product- or Service-Based Business with Mike Gaba

Mike Gaba Elaine's Kitchen Table interview

Show Notes:

In this episode, returning guest Mike Gaba shares the top 3 smart ways to protect a:

  • Home based business
  • Product based business
  • Service based business

If you are running a business (not a hobby), it is important to have peace of mind to go about your day without constant worry.

Mike Gaba believes that today’s entrepreneurs are the most innovative in Canada’s history and that their potential for success knows no bounds. As the Manager of Business Development at TruShield Insurance, Mike understands entrepreneurs and the risks that startups face. He takes pride in being able provide simple insurance solutions for complex businesses and making insurance easy to understand.  What I appreciate about Mike is that he has hands on experience as a work at home dad as well, so he really understands where the Mompreneur is coming from.  Mike and his wife also recently had their third baby!

Contact info:  Mike.Gaba@nbfc.com

www.TruShield.ca


Show Sponsor: TruShield Insurance trushieldlogo-eng-1

TruShield Insurance is a proud partner of the Mompreneur Group – an organization that shares in our passion for small businesses.

Whether you’re a consultant, a contractor, or own a retail business, TruShield provides coverage to protect everything that goes into the business you’ve worked hard so to build.

Starting at $29/month, protecting your business with TruShield is affordable.

Feel confident that your small business is protected from the unexpected. Let the TruShield small business insurance advisors help you understand your insurance needs and tailor a solution that fits your business.

Visit Trushield.ca/moms to learn more.

TruShield Insurance policies are underwritten by Northbridge General Insurance Corporation.


Did you like what you heard here?  Then be sure to subscribe to Elaine’s Kitchen Table on iTunes, and you will get every new episode delivered straight to your iPhone or iPad!

itunes-button-300x109

If you have a second and like what you hear, an iTunes review would be SO appreciated!

http://www.elaineskitchentable.com/itunes


Or listening on Android?  You can subscribe on Stitcher:

Elaine's Kitchen Table Podcast on Stitcher Radio

 

 


And lastly, to receive an email when every new episode comes out, plus other special bonuses from Elaine, sign up to become an Elaine’s Kitchen Table Insider today!

Episode 071 – How To Publish YOUR Book with Ally Machate

How to Publish YOUR Book with Ally Machate advice on publishing

Show Notes:

If you have ever thought about writing a book but do not know where to start, or if you just need help with getting your book out there, you do not want to miss this podcast!

My guest, Ally Machate, is a bestselling book collaborator, award-winning editor, and expert publishing consultant who loves using her insider knowledge of the publishing industry and wealth of experience to lead serious authors toward publishing success. Leveraging a background in “Big Five” publishing, she and her team live to help make great books happen, whether that means showing a writer how to improve a manuscript, get an agent, or self-publish; ghostwriting a book to help an entrepreneur skyrocket her business platform to new levels; or coaching an author on growing her platform to sell more books. Since 1999, she has supported authors on their publishing journey and takes pride in serving as their books’ best “ally”.

Where to find Ally:

www.allymachate.com

www.thewritersally.com

www.twitter.com/AllyMachate

Show Sponsor:

Mompreneurs Canada - VancouverMompreneurs Canada – Are you a multi-tasking woman who is not only a Mom but also an entrepreneur? Could you use some support making your business successful while still being an incredible Mom? If so, you need to find out how to be a part of Mompreneurs, Canada’s national network for female entrepreneurs who want it all. Visit www.themompreneur.com for details, or contact me!

I run the Greater Vancouver chapter of Mompreneurs Canada, so if you have any questions about how this awesome organization can help you, just ask!

Twitter: @chatwithelaine
Email: elaine [@] elaineskitchentable.com


Did you like what you heard here?  Then be sure to subscribe to Elaine’s Kitchen Table on iTunes, and you will get every new episode delivered straight to your iPhone or iPad!

itunes-button-300x109

 

 

If you have a second and like what you hear, an iTunes review would be SO appreciated!

http://www.elaineskitchentable.com/itunes

Episode 070 – 3 Steps to Build Courage with Sabina Nawaz

Show Notes:

Do you hate asking for money?

Hear how this successful entrepreneur overcame that with resiliency, discernment, and courage.​

Sabina Nawaz is a global CEO coach, leadership speaker, writer, wife and mother of two boys who works in over 26 countries.  She coaches C-level executives in Fortune 500 corporations, government, non-profits, and academia organizations.

Sabina spent over 14 years at Microsoft, moving from software development to HR where she led the company’s management, executive development, and succession planning efforts. Today, in addition to running her own business, she is a regular contributor to Forbes, Inc, and Harvard Business Review. Her articles also appear on Fast Company. You can also watch her TEDx talk on YouTube.

Where to find Sabina:

www.sabinanawaz.com

info@sabinanawaz.com

Twitter: @sabinanawaz

Show sponsor:

Mompreneurs Canada - VancouverMompreneurs Canada – Are you a multi-tasking woman who is not only a Mom but also an entrepreneur? Could you use some support making your business successful while still being an incredible Mom? If so, you need to find out how to be a part of Mompreneurs, Canada’s national network for female entrepreneurs who want it all. Visit www.themompreneur.com for details, or contact me!

I run the Greater Vancouver chapter of Mompreneurs Canada, so if you have any questions about how this awesome organization can help you, just ask!

Twitter: @chatwithelaine
Email: elaine [@] elaineskitchentable.com


Did you like what you heard here?  Then be sure to subscribe to Elaine’s Kitchen Table on iTunes, and you will get every new episode delivered straight to your iPhone or iPad!

itunes-button-300x109

 

 

If you have a second and like what you hear, an iTunes review would be SO appreciated!

http://www.elaineskitchentable.com/itunes

Episode 069 – Grow Your Business with Smart Content Planning with Angela Crocker

Content Planning with Angela Crocker

Show Notes:

Join Angela Crocker, author of “The Content Planner: A Complete Guide to Organize and Share Your Ideas Online” as she gives tips on providing the most effective content for your business’ social media following!

You can find Angela at www.angelacrocker.com.

Show Sponsor: TruShield Insurance trushieldlogo-eng-1

TruShield Insurance is a proud partner of the Mompreneur Group – an organization that shares in our passion for small businesses.

Whether you’re a consultant, a contractor, or own a retail business, TruShield provides coverage to protect everything that goes into the business you’ve worked hard so to build.

Starting at $29/month, protecting your business with TruShield is affordable.

Feel confident that your small business is protected from the unexpected. Let the TruShield small business insurance advisors help you understand your insurance needs and tailor a solution that fits your business.

Visit Trushield.ca/moms to learn more.

TruShield Insurance policies are underwritten by Northbridge General Insurance Corporation.


Did you like what you heard here?  Then be sure to subscribe to Elaine’s Kitchen Table on iTunes, and you will get every new episode delivered straight to your iPhone or iPad!

itunes-button-300x109

If you have a second and like what you hear, an iTunes review would be SO appreciated!

http://www.elaineskitchentable.com/itunes


Or listening on Android?  You can subscribe on Stitcher:

Elaine's Kitchen Table Podcast on Stitcher Radio

 

 


And lastly, to receive an email when every new episode comes out, plus other special bonuses from Elaine, sign up to become an Elaine’s Kitchen Table Insider today!

Episode 068 – Know Your Numbers – The Business Latte Factor

Show Notes:

It’s about opportunity cost.  Think about your net profit.  Start with cost of goods sold.  In a physical products business, this can be a large chunk out of every dollar you sell.

Then you’ve got all other expenses – legal, accounting, office or home office, advertising, travel.  And if you’re lucky, you may even have wages and associated expenses, and corporate income tax if after all that the business is still turning a profit.

Look at your last year’s numbers, hopefully you’ve got an income statement (also called profit & loss) statement prepared by yourself or an accountant.  Look at the top line (revenue), and the bottom line (net profit).  Divide the bottom line into the top line.  Let’s say the top line is $20,000, and the bottom line is $4,000.  That’s 20% net profit.

Now, think about buying a $5 latte with part of that 20% profit.  In order to make $5 net profit, you had to generate $25 of revenue!

$ cost = __$ spent___
                 net profit %

So a $5 coffee actually costs:

$5.00 = $5.00 = $25
.                 0.20

So if you sell a $25 product, one latte can offset one sale completely.  If you have 30 lattes per month, that’s thirty $25 sales you have to make just to get past coffee expenses!

Most people in business think, “Well, I can write off that $5 expense, so I’m actually saving money.”  Sure, you can write it off, but that only matters if you are actually making a profit, and the more you spend, the less chance of making a profit you have!

If you keep this in mind when spending even small amounts on your business, you will think twice and most likely save yourself some money and increase your profits!

Show Sponsor: TruShield Insurance trushieldlogo-eng-1

TruShield Insurance is a proud partner of the Mompreneur Group – an organization that shares in our passion for small businesses.

Whether you’re a consultant, a contractor, or own a retail business, TruShield provides coverage to protect everything that goes into the business you’ve worked hard so to build.

Starting at $29/month, protecting your business with TruShield is affordable.

Feel confident that your small business is protected from the unexpected. Let the TruShield small business insurance advisors help you understand your insurance needs and tailor a solution that fits your business.

Visit Trushield.ca/moms to learn more.

TruShield Insurance policies are underwritten by Northbridge General Insurance Corporation.


Did you like what you heard here?  Then be sure to subscribe to Elaine’s Kitchen Table on iTunes, and you will get every new episode delivered straight to your iPhone or iPad!

itunes-button-300x109

If you have a second and like what you hear, an iTunes review would be SO appreciated!

http://www.elaineskitchentable.com/itunes


Or listening on Android?  You can subscribe on Stitcher:

Elaine's Kitchen Table Podcast on Stitcher Radio

 

 


And lastly, to receive an email when every new episode comes out, plus other special bonuses from Elaine, sign up to become an Elaine’s Kitchen Table Insider today!

Episode 067 – Know Your Numbers – The Personal Latte Factor

Show Notes:

We first heard the term “latte factor” when we read a personal finance book together early in our marriage called “Smart Couples Finish Rich” by David Bach.

Basically, he says look at your small, unnoticed daily expenses, and the easiest thing to do is pick on something like a $5 specialty coffee per day.  There are 2 ways to look at the latte factor.  Mr. Bach has a formula that says what if you saved that $5 instead and invested it for 10 years at 8% return on investment?  So you are forgoing the coffee and investing $150 per month for 120 months.  When you add the interest earned, you come up with the number $28,161.88 in this case.

Now you think to yourself, “Is it worth it to give up this frivolous habit, and make an average of $2800 a year extra on my income?”  For some people, yes, for others, it’s “Give me my coffee!!!”  Keep in mind, it doesn’t have to be daily coffee where you find your savings, it could be monthly or annual expenses like car payments, cable bills, clothing, you name it.

The second way to look at the personal latte factor is I think more realistic.  The first way assumes you are taking the saved money and investing it.  I think, at the beginning at least, most people would take the saved money and use it to pay down personal debt.  So the second latte factor for individuals is simply about opportunity cost.

Let’s say you are taxed at a rate of 30% on your personal income.  So in other words, if you make $10,000, the government and others get the first $3,000 and you are left with $7,000.  We are using simple rounded numbers here, and remember take-home pay is what you have left on your paycheque after all deductions, not just income tax.  So for every dollar you earn at work, you really get 70 cents.  Or the other, more powerful way to look at it is, for every 70 cents you want to spend, you have to earn $1 to do so.  The formula here looks like:

$ cost = __$ spent___
                 take-home %

So a $5 coffee actually costs:

$5.00 = $5.00 = $7.14
                  0.70

As you can see, it actually costs you over $7 in wages to buy that $5 coffee.  That means your $150 per month habit actually costs over $210 in personal earnings.  So now you can look at that $5 in a few other ways.  If you work full time, an average of 160 hours per month, your $5 per day is actually taking $1.34 per hour off your wage!  That’s right, a $5 per day, 7 day per week habit costs $1.34 per hour of your working wage at 70% take-home pay.  For every $100 you want to spend, it takes $143 in wages earned.

Now everyone’s take-home percentage is different, depending on where you live and how much you make.  If you are an employee, you can look at your past few month’s pay stubs and make an educated guess.  If your gross pay is $4,000, and your paychecks add up to $3,000, that makes your take-home pay 75% of gross pay. So every $10 spent takes 10 divided by .75, or $13.33 earned.

Here is the “Latte Factor” calculator from David Bach

Show sponsor:

Mompreneurs Canada - VancouverMompreneurs Canada – Are you a multi-tasking woman who is not only a Mom but also an entrepreneur? Could you use some support making your business successful while still being an incredible Mom? If so, you need to find out how to be a part of Mompreneurs, Canada’s national network for female entrepreneurs who want it all. Visit www.themompreneur.com for details, or contact me!

I run the Greater Vancouver chapter of Mompreneurs Canada, so if you have any questions about how this awesome organization can help you, just ask!

Twitter: @chatwithelaine
Email: elaine [@] elaineskitchentable.com


Did you like what you heard here?  Then be sure to subscribe to Elaine’s Kitchen Table on iTunes, and you will get every new episode delivered straight to your iPhone or iPad!

itunes-button-300x109

 

 

If you have a second and like what you hear, an iTunes review would be SO appreciated!

http://www.elaineskitchentable.com/itunes


Or listening on Android?  You can subscribe on Stitcher:

Elaine's Kitchen Table Podcast on Stitcher Radio

 

 

 


And lastly, to receive an email when every new episode comes out, plus other special bonuses from Elaine, sign up to become an Elaine’s Kitchen Table Insider today!

Episode 066 – 3 Top Social Media Tips for Small Businesses with Nicole Christen

Show Notes:

Grab the top three tips from social media marketing expert, Nicole Christen!  Learn how this entrepreneur, PhD student and single mom of four children, makes “practice” her way of survival and path to success!  My favourite insight from Nicole was that we need to realize that we are responsible for making things happen but at the same time need to realize that we do not have to be the one to make them happen.

Where to find Nicole:

www.socialeffect.ca

Show Sponsor: TruShield Insurance trushieldlogo-eng-1

TruShield Insurance is a proud partner of the Mompreneur Group – an organization that shares in our passion for small businesses.

Whether you’re a consultant, a contractor, or own a retail business, TruShield provides coverage to protect everything that goes into the business you’ve worked hard so to build.

Starting at $29/month, protecting your business with TruShield is affordable.

Feel confident that your small business is protected from the unexpected. Let the TruShield small business insurance advisors help you understand your insurance needs and tailor a solution that fits your business.

Visit Trushield.ca/moms to learn more.

TruShield Insurance policies are underwritten by Northbridge General Insurance Corporation.


Did you like what you heard here?  Then be sure to subscribe to Elaine’s Kitchen Table on iTunes, and you will get every new episode delivered straight to your iPhone or iPad!

itunes-button-300x109

If you have a second and like what you hear, an iTunes review would be SO appreciated!

http://www.elaineskitchentable.com/itunes


Or listening on Android?  You can subscribe on Stitcher:

Elaine's Kitchen Table Podcast on Stitcher Radio

 

 


And lastly, to receive an email when every new episode comes out, plus other special bonuses from Elaine, sign up to become an Elaine’s Kitchen Table Insider today!

Episode 065 – The Difference Between Branding and Marketing with Karley Cunningham

Show Notes:

Learn the valuable difference between Branding and Marketing

Find out what this Branding Expert says are the four biggest mistakes small businesses do when it comes to branding and what you can do to avoid these mistakes!

Discover the best practice or strategy for drawing attention to your website!

As founder and co-owner of BIG BOLD BRAND Inc., Karley Cunningham is passionate about engaging business business leaders and their teams in experiences that open dialogue, drive brand clarity, and produce business results. Bringing 20 years of branding, marketing and business expertise to the table, her firm specializes in brand revitalization and marketing solutions for established service-based businesses. BIG BOLD BRAND works collaboratively with business owners and leadership teams to develop strategies and tools that deliver more clients, attract the right team members, close more deals and develop raving fans.

As a former pro athlete, Karley’s other passion is XC Mountain Biking and trail running. When not building creative solutions for clients, she can be found challenging herself, either mountain biking or running on the singletrack trails in the Pacific Northwest mountains.

Find Karley at:

www.bigboldbrand.com

karley@bigboldbrand.com

Twitter: @brandmaven

Show sponsor:

Mompreneurs Canada - VancouverMompreneurs Canada – Are you a multi-tasking woman who is not only a Mom but also an entrepreneur? Could you use some support making your business successful while still being an incredible Mom? If so, you need to find out how to be a part of Mompreneurs, Canada’s national network for female entrepreneurs who want it all. Visit www.themompreneur.com for details, or contact me!

I run the Greater Vancouver chapter of Mompreneurs Canada, so if you have any questions about how this awesome organization can help you, just ask!

Twitter: @chatwithelaine
Email: elaine [@] elaineskitchentable.com


Did you like what you heard here?  Then be sure to subscribe to Elaine’s Kitchen Table on iTunes, and you will get every new episode delivered straight to your iPhone or iPad!

itunes-button-300x109

 

 

If you have a second and like what you hear, an iTunes review would be SO appreciated!

http://www.elaineskitchentable.com/itunes

Episode 064 – Three Big Mistakes Small Businesses Make and Three Strategies to Success!

Show Notes:

These days, basic fundamental business advice like “Grow sales, ensure everyone gets billed and collect the money” is passed over as people look for the latest “tricks” and “get-rich-quick” schemes.

Listen to accounting whiz Kelly Burkholder as she describes how some of the most successful steps your business can take are some of the least glamourous: Hiring the right help, tracking your expenses, and putting the right systems in place.

About Kelly: Kelly Burkholder is the founder and the owner of Madeira Accounting Services Ltd. and is now embarking on coaching others through their journey to success as a director with Ladies In Power Society and she is also Co-President of Camp Choice BC Society.

Show sponsor:

Mompreneurs Canada - VancouverMompreneurs Canada – Are you a multi-tasking woman who is not only a Mom but also an entrepreneur? Could you use some support making your business successful while still being an incredible Mom? If so, you need to find out how to be a part of Mompreneurs, Canada’s national network for female entrepreneurs who want it all. Visit www.themompreneur.com for details, or contact me!

I run the Greater Vancouver chapter of Mompreneurs Canada, so if you have any questions about how this awesome organization can help you, just ask!

Twitter: @chatwithelaine
Email: elaine [@] elaineskitchentable.com


Did you like what you heard here?  Then be sure to subscribe to Elaine’s Kitchen Table on iTunes, and you will get every new episode delivered straight to your iPhone or iPad!

itunes-button-300x109

 

 

If you have a second and like what you hear, an iTunes review would be SO appreciated!

http://www.elaineskitchentable.com/itunes


Or listening on Android?  You can subscribe on Stitcher:

Elaine's Kitchen Table Podcast on Stitcher Radio

 

 

 


And lastly, to receive an email when every new episode comes out, plus other special bonuses from Elaine, sign up to become an Elaine’s Kitchen Table Insider today!