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Her CEO Journey™: The Business Finance Podcast for Mission-Driven Women Entrepreneurs
232 Episodes
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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.
Her CEO Journey™: The Business Finance Podcast for Mission-Driven Women Entrepreneurs
Sep 04, 2024
The Power of Upcycling: Kimberle Lau on Sustainable Food ProductionIn this episode of Her CEO Journey, we sit down with Kimberle Lau, the inspiring founder of Bake Me Healthy. Kimberle shares her journey from management consulting to the beauty industry and ultimately, her passion project of creating a sustainable, plant-based baking company.Key TakeawaysSustainable Entrepreneurship: Kimberle's journey demonstrates how personal experiences can fuel entrepreneurial ventures with a sustainable mission.Social Impact through Food: Bake Me Healthy's commitment to using upcycled ingredients and fighting food waste highlights the positive impact businesses can have on society.Navigating the Food Industry: Kimberle's insights into the challenges and rewards of starting a food business offer valuable lessons for aspiring entrepreneurs.Financial Strategies for Startups: Learn from Kimberle's experiences with pricing, distribution, and fundraising as she navigates the complexities of scaling a food business.The Power of Personal Passion: Discover how Kimberle's love for baking and her commitment to sustainability have driven her entrepreneurial success.Episode HighlightsKimberle Lau's Entrepreneurial Journey:[04:00] From management consulting to the beauty industry and ultimately, founding Bake Me Healthy.[05:52] Motivated by personal health challenges and a desire to create healthier baking options.[08:55] Committed to sustainability and using upcycled ingredients.Creating a Plant-Based Baking Company:[11:00] Developed a range of allergy-friendly baking mixes, including brownie, pancake, and waffle mixes.[11:38] Used coffee cherries as a unique and sustainable ingredient in her brownie mix.[15:23] Used ugly produce that farmers and stores were going to throw away as a way to fight food waste.[17:35] Faced challenges with pricing, distribution, and payment terms, especially when working with larger retailers.[19:50] Clarifies the misunderstanding around upcycling food, it is not necessarily cheaper. [22:10] CPG margin in the food industry.Lessons Learned:[27:30] The importance of carefully selecting retail partners and negotiating favorable terms.[27:50] The challenges of scaling a food business, including cash flow management and distribution logistics.[34:53] The value of building relationships with investors and industry professionals.[40:00] The importance of staying true to your brand's values and mission.ResourcesCraving a delicious and healthy treat? Discover Bake Me Healthy.Tired of food waste? Download Too Good To Go AppInterested in food science and sustainability? Learn more about the Drexel University Food Lab ProgramConnect with Christina Sjahli on LinkedIn Enjoyed This Podcast?If you enjoyed this episode and found it inspiring, we'd love for you to share it with your community and leave a review. Your support helps us keep bringing you the stories and insights that matter to women in business. Connect with Profit ReimaginedExplore Profit Reimagined and discover how you can turn purpose into profit: Website and LinkedInSubscribe to our podcast
00:43:00
May 30, 2024
Welcome back to Her CEO Journey, the podcast empowering women entrepreneurs to build thriving businesses that make a difference!Throughout this season's Finance for Change series,our host Christina Sjahli has been breaking down complex financial concepts and translating them into actionable strategies for mission-driven founders like yourself. As a founder with a social impact mission, you understand the importance of financial health. It's the foundation that allows you to turn your passion into a powerful force for good. But managing the financial side of things can feel overwhelming, especially as your business grows.In today's episode, Christina is going to explore a solution that can change the game: the power of a fractional CFO. Many founders mistakenly believe their accountant or bookkeeper can handle everything. While these roles are essential, a fractional CFO brings a whole new level of strategic expertise to the table.Key Takeaways:A fractional CFO is a strategic financial partner, not just a bookkeeper. Think of a fractional CFO as your financial confidant, someone who can translate your vision into clear financial roadmaps. Fractional CFOs provide cost-effective expertise, allowing you to focus on your mission.Fractional CFOs can help with cash flow management, financial statement analysis, budgeting, and problem-solving.Episode Highlights[01:15] The Difference Between a Fractional CFO and a Bookkeeper: A fractional CFO translates your strategy into financial roadmaps, while a bookkeeper focuses on record-keeping.[02:55] Proactive Cash Flow Management: A fractional CFO helps you forecast and manage cash flow, preventing financial disruptions.[03:55] Financial Analysis – Deeper Insights: They can help you decipher financial statements and identify potential issues.[05:00] Data-Driven Budgets and Forecasts: Fractional CFOs use their expertise to create financial roadmaps for informed decision-making.[06:05] Collaborative Problem-Solving: Working together, you can analyze metrics, test strategies, and address challenges proactively.[08:10] Improved Efficiency and Resource Allocation: A fractional CFO handles financial reporting, freeing you to focus on core mission-driven activities.[09:16] Risk Mitigation for Sustainable Growth: They can identify and assess potential risks to safeguard your financial health.[10:23] Unique Financial Expertise: Gain access to specialized knowledge in areas like mergers and acquisitions or investor relations.So, whether you're feeling overwhelmed by cash flow management, struggling to decipher financial statements, or simply want a strategic partner to guide your growth, a fractional CFO could be the missing piece you've been searching for.ResourcesConnect with Christina Sjahli on LinkedIn Explore Profit Reimagined and discover how you can turn purpose into profit: Website and LinkedInEnjoyed This Podcast?Each review you write helps us reach more women in business. Your insights are invaluable—share this with your friends and amplify the impact! Connect With the Profit ReimaginedReady to turn purpose into profit? Transform your financial strategy and embark on a journey toward a sustainable and thriving business. Schedule a chat with the team today!
00:13:05
May 22, 2024
Forecasting is naturally imperfect.It is imperfect because businesses are always changing, and economic conditions are always shifting.So, as a founder, you have to be ready to adapt and deal with uncertainty.Today, our host Christina Sjahli will take you into the world of forecasting.In this episode, Christina will guide you through the art of forecasting by breaking down the key steps to creating an intentional forecast, even with the understanding that things can change along the way. She talks about why forecasting is essential for any business.Whether you're a seasoned entrepreneur or just starting out, grasping the essence of forecasting can serve as a formidable asset in ensuring your business's success. Keep in mind, forecasting isn't just about predicting numbers; it's about shaping the future of your business with purpose and clarity.Let's jump in!Key Takeaways:Benefits of a good forecast:Early identification of deviations from predictions (positive or negative).Understanding the cause of these deviations.Ability to adapt quickly based on potential scenarios.Forecasting can help you:Predict future resource needs to support your mission-driven initiatives.Stay ahead of the curve and adapt to unexpected situations.Align your financial growth with your social impact goals.Make strategic investments that fuel both profitability and positive change.Start with Impact: Define the impact you aim to achieve so you can prioritize accordingly.Gather and analyze data: Analyze historical financial data and consider historical operational data. Understand what happened and the reasons behind it. Then assess potential future scenarios based on external factors (economy, market, marketing efforts). Finally, determine how to achieve goals without compromising your values.Utilize a Forecasting Tool: Input the gathered information and assumptions into a financial forecasting tool.Regularly Update the Forecast: A forecast is a living document that improves over time with updates.Episode Highlights[02:30] Forecasting is an imperfect process.[03:33] Start with impact - Why you started this business in the first place.[05:12] Gather information - historical financial and operational data[06:34] Analyze the Data[07:10] Build Assumptions[08:05] Utilize a Forecasting Tool[08:30] Regularly Update the ForecastResourcesConnect with Christina Sjahli on LinkedIn Explore Profit Reimagined and discover how you can turn purpose into profit: Website and LinkedInDiscover if our Fractional CFO Services are your perfect fit by taking this quiz.Enjoyed This Podcast?Each review you write helps us reach more women in business. Your insights are invaluable—share this with your friends and amplify the impact! Connect With the Profit ReimaginedReady to turn purpose into profit? Transform your financial strategy and embark on a journey toward a sustainable and thriving business. Schedule a chat with the team today!
00:10:44
May 09, 2024
If you're building a mission-driven business, there's one particular number you definitely need to check. Understanding this number will quickly pinpoint any issues in your business and determine if you're building a sustainable, profitable venture.In this episode of Her CEO Journey, we demystify the significance of this essential metric for business vitality: Gross Margin.Join our host Christina Sjahli as she unveils the power of this metric, teaches you how to calculate it in minutes, and explains what it tells you about your pricing, costs, and overall financial sustainability. Access the path to informed decision-making and build a thriving business that resonates with your purpose!Listen and move from panic to power. Key Takeaways:Gross Margin Explained: It's a profitability indicator representing revenue minus the direct cost of delivering your service or product.Calculating Gross Margin Percentage: Revenue minus Cost of Goods Sold divided by Revenue.Interpreting Your Gross Margin:Below 30%: Potential issues with pricing or cost of goods sold (too high or too low).Too High Cost of Goods Sold: May indicate missing costs or unadjusted pricing.Too Low Cost of Goods Sold: May indicate incorrect pricing not reflecting all costs.Resources for Further Exploration:Listen to our Pricing Series (Episodes 160-163) on Her CEO JourneyProfit Reimagined's Fractional CFO ServicesProfit Reimagined CFO services can be a game-changer when it comes to understanding and optimizing your gross margin and pricing strategy. A fractional CFO brings deep financial expertise to the table by analyzing your financial data to pinpoint areas where your cost of goods or services sold might be inflated or where your pricing might not be fully capturing your value. Having a fractional CFO will help you develop strategies to streamline your operations, negotiate better deals with suppliers, and implement data-driven pricing models that ensure you're covering your costs and generating healthy profits.Episode Highlights:[00:54] Introduction to the importance of a single number for business health.[01:33] Understanding Gross Margin.[02:45] Calculating Gross Margin Percentage and why it is important.[03:25] Interpreting Your Gross Margin: What a low percentage tells you.[05:20] Resources for further exploration on pricing and financial solutions.Resources:Connect with Christina Sjahli on LinkedIn Check out Profit Reimagined's Fractional CFO ServicesTurn your purpose into profit, visit our Website and LinkedInDiscover if our Fractional CFO Services are your perfect fit by taking this quiz.Enjoyed This Podcast?Each review you write helps us reach more women in business. Your insights are invaluable—share this with your friends and amplify the impact! Connect With the Profit ReimaginedReady to turn purpose into profit? Transform your financial strategy and embark on a journey toward a sustainable and thriving business. Schedule a chat with the team today!
00:05:30
Apr 25, 2024
Do you ever find yourself feeling anxious, even though your business is profitable? Perhaps this unease stems from uncertainties about your cash flow – a crucial financial aspect that often confuses many mission-driven CEOs. Fear not! This episode of Her CEO Journey serves as your comprehensive cash flow masterclass, equipping you with the knowledge and strategies to confidently manage your business's financial health.Join our founder, Christina Sjahli, as she delves into practical techniques for closely monitoring your operating cash flow.Christina will walk you through the art of cash flow management, empowering you to take proactive control of your business's financial well-being.By the end of this episode, you'll be a cash flow pro, ready to:Extend your runway and breathe a sigh of relief.Make sound decisions based on real financial data.Prioritize effectively and stay true to your mission.Are you ready to become a cash flow master? Let's get started!Bonus: We've got a Practical Guide for Busy Founders like you with even more cash flow wisdom and common forecasting mistakes to avoid. Grab it in the show notes!Key Takeaways:In this episode, you'll learn:Profitability is a crucial indicator of a healthy business, but it's not the only factor for financial stability. Efficiently managing cash inflows and outflows is the secret to maintaining healthy cash flow.Profitability Matters: Profit is important, but it doesn't guarantee a business will have enough cash on hand to operate smoothly.Cash Flow Management is Key: The real "core principle" is in managing cash flow effectively. This involves ensuring a steady stream of incoming cash (inflows) while minimizing unnecessary outgoing cash (outflows).The 3 types of cash flow every CEO should understand (investing, financing, and operating - we'll focus on the big kahuna: operating cash flow)How to monitor your cash flow and discover your runaway date (the day the well runs dry!)The power of cash flow modeling: play "what-if" with your finances and prepare for anything!Episode Highlights[00:54] Cash Flow as a concept and a process [01:15] Big mistake: use bank balances to manage cash flow[02:44] The three types of Cash Flow: investing, financing and operating.[03:38] Three Operating Cash Flow steps[04:00] Monitor Cash Flow and find your runaway date[04:30] Manage Cash Flow[05:30] Model Cash FlowResourcesConnect with Christina Sjahli on LinkedIn Check out Christina’s Fractional CFO ServicesExplore Profit Reimagined and discover how you can turn purpose into profit: Website and LinkedInEnjoyed This Podcast?Each review you write helps us reach more women in business. Your insights are invaluable—share this with your friends and amplify the impact! Connect With the Profit ReimaginedReady to turn purpose into profit? Transform your financial strategy and embark on a journey toward a sustainable and thriving business. Schedule a chat with the team today!
00:07:49
Apr 17, 2024
Imagine this: You've built a thriving business, your sales are climbing, and on paper, you're incredibly profitable. But then, reality hits. Payroll day arrives, and suddenly you're scrambling to find the cash to cover it. Does this scenario sound familiar? It's what many founders experience—the profit versus cash flow paradox. While profit might seem promising, cash flow tells the real story about your business's financial health.In this episode, our founder and host of Her CEO Journey, Christina Sjahli will clarify the difference between profit and cash flow. Christina will explain why profit and cash flow don't always go hand-in-hand, and equip you, a mission-driven founder, with the knowledge to use both effectively for wise and sustainable business decisions. Ditch the financial frustration and join us as Christina reveals the secrets of true financial health for your business!Key Takeaways:Profit (net income): The remaining amount after deducting all costs from revenue. It reflects the profitability of your business model, marketing strategy, pricing, and cost management.Cash flow: The movement of money in and out of your business. It tells you about your cash collection habits, supplier credit utilization, inventory levels, and external financing needs.Profit doesn't equal cash: Profit is calculated based on accrual accounting (revenue recognized at sale, even if cash hasn't been received), while cash flow reflects actual cash movement.Profitability and cash flow are independent: A profitable business can have negative cash flow and vice versa.Founders need both: Analyze both profit and cash flow to make informed decisions about your business.Episode HighlightsThe story behind profit: How a healthy profit indicates a strong business model, effective marketing, and efficient cost management.The cash flow conundrum: Why founders might struggle with cash flow despite showing a profit on paper.Accrual accounting vs. cash accounting: Understanding the timing difference between revenue recognition and cash receipt.Profit vs. cash flow stories: How each metric provides valuable insights into your business health.Why both matter: The importance of using both profit and cash flow analysis for effective business management.ResourcesConnect with Christina Sjahli on LinkedIn Check out Christina’s Fractional CFO ServicesExplore Profit Reimagined and discover how you can turn purpose into profit: Website and LinkedInEnjoyed This Podcast?Each review you write helps us reach more women in business. Your insights are invaluable—share this with your friends and amplify the impact! Connect With the Profit ReimaginedReady to turn purpose into profit? Transform your financial strategy and embark on a journey toward a sustainable and thriving business. Schedule a chat with the team today!
00:09:09
Mar 07, 2024
Patrice's journey serves as an inspiration for aspiring women entrepreneurs, showcasing the profound impact of blending passion, purpose, and strategic planning to build a successful and meaningful business.In this episode of Her CEO Journey, our host Christina Sjahli welcomes Patrice Mousseau, founder and CEO of Satya Organics, a company dedicated to creating effective and sustainable skincare products. Patrice unfolds her inspiring journey from media personality to entrepreneur, driven by a personal need to find natural remedies for her daughter's eczema. She delves into Satya Organics' commitment to social good, building a diverse workforce, and navigating the dynamic world of international expansion.Key Takeaways:From passion to purpose: Patrice's journey underscores how personal experiences can ignite entrepreneurial ventures. Values-driven business: Satya Organics prioritizes quality, sustainability, and social responsibility, demonstrating that businesses can be profitable while making a positive impact.Building a diverse team: Patrice emphasizes the importance of fostering an inclusive environment that empowers individuals from different backgrounds.Going global: Expanding internationally comes with its own set of challenges, but Patrice believes it can be less daunting than expected by focusing on connecting with advisors and then finding the right partners and aligning with your values.Strategic growth: Patrice's experience showcases the importance of a balanced and thoughtful approach to financial strategy, utilizing various resources to achieve sustainable growth.Episode Highlights[04:33] Patrice's journey from media personality to founder of Satya Organics.[08:14] Cultivating a business culture centered on purpose, values and sustainability.[10:14] Evolution of the product and packaging always at service of community and environment.[14:19] Sourcing simple and high quality is the key.[17:50] Prioritizing opportunities that align with your values while letting go of those that don't. [21:32] The crucial role of advisors in business international expansion growth.[24:51] Top recommendation: work on your margin for healthy finances[30:20] Partnering with suppliers that align with the mission and values.[33:10] Patrice's proudest moment on her impact journey.[36:50] Returning to the community to drive innovation. ResourcesTo learn more about their products and mission visit Satya Organic’s Instagram and WebsiteConnect with Patrice Mousseau on LinkedIn Connect with Christina Sjahli on LinkedIn Explore Profit Reimagined and discover how you can turn purpose into profit: Website and LinkedInEnjoyed This Podcast?Each review you write helps us reach more women in business. Your insights are invaluable—share this with your friends and amplify the impact! Connect With the Profit ReimaginedReady to turn purpose into profit? Transform your financial strategy and embark on a journey toward a sustainable and thriving business. Schedule a chat with the team today!
00:38:48
Feb 22, 2024
Dionne Laslo-Baker, the founder and CEO of Deebee’s Organics, is a fellow certified B Corp dedicated to revolutionizing snacks. With a background in medical science and as a mother, she embarked on a mission to provide organic, flavorful, and nutritious snacks for families.In this episode, Dionne delves into the highs and lows of growing a business from scratch. She offers valuable insights into overcoming regulatory hurdles, embracing cultural diversity, and the pivotal role of advisors in business expansion.But what truly sets Dionne's story apart is her unwavering commitment to a purpose-driven culture and sustainable business practices, which has not only propelled Deebee’s Organics to international success but also made a lasting impact on the industry.Tune in to this episode of Her CEO Journey to discover more about Dionne’s path to building a sustainable global enterprise while staying true to her core values.Here's what you'll discover:Learn how advisors can influence your business in the long term and where to find the ones you need.Explore the importance of fostering a purpose-driven culture in your business and how it can mitigate risks.Discover strategies for managing your business on a global scale, especially when dealing with foreign markets.Episode Highlights[02:36] Dionne Laslo-Baker’s CEO Journey[06:42] Creating a Culture[12:14] From Science to Snacks to Scale[16:17] The Critical Role of Advisors in Business[23:12] Focusing on One Market[28:23] Supplier Diversity[34:59] Differing Challenges at Different Levels of Success[38:26] Dionne’s Proudest Moment On Her Impact JourneyResourcesGet organic treats from Deebee’s OrganicsConnect with Dionne Laslo-Baker: LinkedIn | InstagramConnect with Christina Sjahli: LinkedIn Find out about Profit Reimagined: LinkedIn | Website Enjoyed This Podcast?Each review you write helps us reach more women in business. Your insights are invaluable—share this with your friends and amplify the impact! Connect With the Profit ReimaginedReady to turn purpose into profit? Transform your financial strategy and embark on a journey toward a sustainable and thriving business. Schedule a chat with the team today!
00:40:47
Feb 07, 2024
Amanda Klucowicz serves as a Senior Relationship Manager at Export Development Canada. She is dedicated to helping Canadian businesses break into international markets. With EDC's tailored tools and solutions, navigating global waters becomes more manageable, ensuring not only profitability but also the long-term security of your company.In this episode, Amanda delves into crucial topics such as EDC's criteria for Canadian companies, the customized solutions they offer, and essential preparations for business owners venturing into international markets. Customized solutions are especially vital for businesses committed to social impact or seeking B Corp certification, as their challenges often differ significantly from traditional businesses.Join us on Her CEO Journey to explore EDC's strategies for global market entry.Here's what you'll discover:Discover how EDC tailors assistance specifically for your Canadian business.Prepare effectively for partnering with EDC to enter international markets.Explore which of EDC's solution buckets is the right fit for you.Episode Highlights[02:20]Amanda Klucowicz’ Journey[05:21] What EDC Does for Canadian Businesses[09:10] The EDC Experience[12:59] EDC’s Solutions[24:08] What a Business Should Know Before Approaching EDC[33:58] International Business: It’s PossibleResourcesWork with Export Development CanadaConnect with Amanda Klucowicz: LinkedInConnect with Christina Sjahli: LinkedIn Find out about Profit Reimagined: LinkedIn | Website Enjoyed This Podcast?Each review you write helps us reach more women in business. Your insights are invaluable—share this with your friends and amplify the impact! Connect With the Profit ReimaginedReady to turn purpose into profit? Transform your financial strategy and embark on a journey toward a sustainable and thriving business. Schedule a chat with the team today!
00:38:05
Jan 25, 2024
Meet Ashlee Froese, the driving force behind Froese Law, serving as its Founder and CEO. Leading this cross-border legal firm, Ashlee adeptly steers through diverse industries, specializing in key areas like branding, corporate, and commercial law.Ashlee embarked on her legal journey with a clear mission: to empower clients with comprehensive information for informed business decisions and to demystify the legal space, making it accessible to a broader audience.In this episode of Her CEO Journey, Ashlee Froese delves into the intricacies of contract writing for international business. While local contracts might seem straightforward with all parties governed by local laws, the international landscape introduces complexities such as:Which laws apply? How does culture come into play? Does ethical approach vary between countries?Join us in this episode of Her CEO Journey to learn the nuances behind contract writing on the international stage.Here's what you'll discover:Learn the essential elements that go into writing contracts for international business.Discover the several factors a company must contemplate before venturing onto the global stage.Understand the nuanced approach required for negotiations and drafting a business contract with international counterparts.Episode Highlights[03:01] Ashlee Froese's CEO Journey[08:18] Fundamental Requirements for International Operations[12:53] Nuances in Domestic Vs International Contracts[17:09] Talking Strategy With Clients[18:24] The Cultural Component[19:55] Protecting Client Interests[25:22] International Considerations for B Corps[29:49] The Strategy Behind Contract Writing[33:40] Negotiating From Step OneResourcesWork with Froese LawConnect with Ashlee Froese: LinkedIn | InstagramConnect with Christina Sjahli: LinkedIn Find out about Profit Reimagined: LinkedIn | Website Enjoyed This Podcast?Each review you write helps us reach more women in business. Your insights are invaluable—share this with your friends and amplify the impact! Connect With the Profit ReimaginedReady to turn purpose into profit? Transform your financial strategy and embark on a journey toward a sustainable and thriving business. Schedule a chat with the team today!
00:38:53
Jan 11, 2024
Navigating the global landscape is crucial for Canadian businesses due to the country's relatively small population — which means that most of your customers and clients are outside the country.In this episode, Sara Wilshaw, Chief Trade Commissioner at Global Affairs Canada, shares her expertise in guiding local companies towards international success. She sheds light on leveraging the Trade Commission Service for market entry beyond Canada.Whether you're a Canadian or international company, Sara's insights in this Her CEO Journey episode offer valuable guidance for those venturing into international business.Tune in to discover key considerations for companies transitioning from local to global markets.3 reasons why you should listen to the full episode:Gain insights into the role of Canada's Trade Commission Service in supporting international business.Understand what your company needs to know before entering markets abroad.Explore the specific challenges faced by women-owned businesses when operating globally.Episode Highlights[03:37] Sara Wilshaw's Journey to Becoming Chief Trade Commissioner[07:34] Taking Businesses to the International Stage[11:16] What the Trade Commission Does to Support Businesses[15:04] Entering the International Market[18:34] Challenges Women-Owned Businesses Face When Going International[21:01] Going International: A Walkthrough[27:26] Becoming an International Business[28:53] Diversification and Inclusion[34:50] The Story of WaterShed MonitoringResourcesWork with the Trade Commission ServiceConnect with Sara Wilshaw: LinkedInConnect with Christina Sjahli: LinkedIn Find out about Profit Reimagined: LinkedIn | Website Enjoyed This Podcast?Write a review and share this with your friends.Connect With the Profit ReimaginedReady to transform your purpose into an impactful business financial story, profit, and joy? Schedule a chat with the team at any time.
00:38:09
Dec 07, 2023
Ever wondered where your money really goes?As a purpose-driven business, you do your best to put your money toward your mission and the world you envision. But every business relies on money, and that involves systems, like processing fees.A virtual CFO can help track every cent of your business's finances. You might be surprised to find a significant percentage going to something as ordinary as processing fees.That's where Shizuka Buckley of Giv Local steps in. Processing fees are okay—they're crucial in today's business world. But Shizuka turns those fees into a force for good in her communities.Join us in this episode to learn more about what goes on in payment processing and how Shizuka is changing it for the better!3 reasons why you should listen to the full episode:Find inspiration in Shizuka’s drive to create a payment company that works not for profit, but for the mission.Learn how to overcome the challenges inherent to running a nonprofit.Clarify the opacity surrounding payment processing — and what that means for your business.Episode Highlights[02:40] Shizuka’s CEO Journey[06:48] The Muddiness Of Payment Processing[10:42] What Sets Giv Local Apart[15:50] The Challenges Of Doing Things Differently[18:43] How Giv Local Works[21:03] Growing Giv LocalResourcesGivLocalConnect with Shizuka Buckley: LinkedIn | InstagramConnect with Christina Sjahli: LinkedIn Find out about Profit Reimagined: LinkedIn | Website Enjoyed This Podcast?Write a review and share this with your friends.Connect With the Profit ReimaginedReady to transform your purpose into an impactful business financial story, profit, and joy? Schedule a chat with the team at any time.
00:31:59
Nov 23, 2023
In many companies, the main goal is to maximize profits, often overlooking the needs of people and the environment. But that's neither sustainable nor ethical. Liz Rojic experienced this in the fashion industry and bravely decided to challenge the norm. With MZ Made, she crafted a business model that prioritizes mutually beneficial relationships for both the company and its artisans. As entrepreneurs, our focus should be on creating a positive impact rather than just chasing the highest profits.In this episode of Her CEO Journey, Liz shares her experiences in building a company grounded in humanism. She emphasizes the importance of adhering to core principles, even in the face of challenges. Join us to gain insights into the significance of cultural values in products, the concept of slow fashion, and how to establish a company that truly embodies its values.3 reasons why you should listen to the full episode:Learn what it takes to create a humanist company that puts people and the planet ahead of profit.Find inspiration in Liz’s journey of creating a slow fashion brand founded on the principles of fair trade.Discover the kind of funding that’s best for small businesses for good.Episode Highlights[03:21] Liz Rojic's CEO Journey[07:58] A Question of Practicality[15:10] Putting Profit Last in a Labour of Love[19:10] Keeping Principles First[20:42] Funding That Fits Your Values[26:39] Rooted in Justice and Fair Trade[28:43] The Living Wage As A Human Right[30:48] How to Price For The PeopleResourcesUse discount code: HERJOURNEY on the MZ Made online shopMZ MadeConnect with Liz Rojic: LinkedInConnect with Christina Sjahli: LinkedIn Find out about Profit Reimagined: LinkedIn | Website Enjoyed This Podcast?Write a review and share this with your friends.Connect With the Profit ReimaginedReady to transform your purpose into an impactful business financial story, profit, and joy? Schedule a chat with the team at any time.
00:39:45
Nov 09, 2023
In a world filled with plastic and single-use packaging, how can we reduce our impact on the environment? We often purchase, use, and discard products daily, but the zero-waste movement encourages both consumers and business owners to be more environmentally responsible.This reflects the values that Allisha Heidts aimed to promote when she founded Chickpeace, a zero-waste refillery. This holiday season, join our special holiday series on Her CEO Journey to embrace mindful gift-giving. Discover how to embark on your zero-waste journey and integrate these important principles into your business with Allisha. From your daily essentials to the gifts you purchase during this season of giving, let's make more responsible choices that benefit the world. Join us in this episode to explore how you can incorporate zero waste and sustainability into your business this upcoming holiday season!3 reasons why you should listen to the full episode:Be inspired by Allisha’s journey and her passion for sustainability and the zero-waste movement.Learn how to bring sustainable values into how you run your business and grow revenue.Become a more responsible and conscious shopper every day, especially this holiday season.Episode Highlights[03:13] Building a Business With Values: Allisha’s Journey[08:03] Sustainability in the Pandemic: The Beginnings of Chickpeace[12:10] Sustainable Shopping Online[13:50] How Chickpeace Chooses Their Products[16:50] Filling the Gaps in the Community With Chickpeace[21:19] Building a Business That Profits and Cares[26:21] Making the Journey Towards Zero Waste[34:45] Conscious Gift Shopping with Zero Waste[38:05] Allisha’s Proudest Business MomentResourcesUse discount code: BCORP15 on the Chickpeace online storeConnect with Allisha Heidt: LinkedInConnect with Christina Sjahli: LinkedIn Find out about Profit Reimagined: LinkedIn | Website Enjoyed This Podcast?Write a review and share this with your friends.Connect With the Profit ReimaginedReady to transform your purpose into an impactful business financial story, profit, and joy? Schedule a chat with the team at any time.
00:40:17
Oct 26, 2023
Every founder has a team behind them, working together to make the whole business successful. If you're a business owner, you care not only about growing your company but also about your employees' well-being. This includes making sure they earn a living wage and have the support they need. But to make such a big change, you must first ensure your business is prepared. That's where financial planning comes in, a crucial part of building a sustainable business.Over the past four episodes, the Living Wage Series has showcased conversations with remarkable women in business, delving into the implementation of living wages. As we conclude this series, our host, Christina Sjahli, reflects on the valuable insights and experiences shared by each guest. She also emphasizes a critical aspect — the significance of financial planning. As a CFO, Christina breaks down the essential steps in financial planning that empower you to make significant changes like introducing a living wage.If you're keen to ensure your business is ready to start the journey towards a living wage, join Christina in this last episode of the Living Wage Podcast Series.3 reasons why you should listen to the full episode:Recall meaningful insights from the past four episodes of the Living Wage Series.Understand the importance of financial planning as a business owner.Follow the steps of financial planning to make sure you’re ready to implement a living wage or make any big change in your business.Episode Highlights[00:00] Looking Back At The Living Wage Series Episodes [03:10] Series Highlight: The Role Of Financial Planning in Implementing Living Wages[04:09] Step 1: Understand Your Overall Business Financial Health[05:56] Step 2: Perform Costing Exercise[06:55] Step 3: Evaluate Your Pricing[07:49] Step 4: Prepare a Financial Forecast[08:58] Step 5: Prepare a What-If AnalysisEnjoyed This Podcast?Write a review and share this with your friends.Connect With the Profit Reimagined TeamReady to transform your purpose into an impactful business financial story, profit, and joy? Schedule a chat with the Profit Reimagined team.
00:11:58
Oct 12, 2023
Creating positive change sounds like a good idea — and one effective way to achieve it within your company is by implementing a living wage. However, like any worthwhile endeavor, it requires careful planning. Good intentions are a starting point, but thoughtless action can lead to unintended consequences.In the fourth episode of our Living Wage series, we delve into Mari Parker's experiences as the COO of Boldr, where they raised baseline pay to a living wage. We've discussed the importance of living wages for ethical business owners; now, let's explore the implementation process.Providing a living wage shouldn't jeopardize your business. In fact, it can enhance your company's sustainability if integrated effectively. Join us to discover how your business can make this transition.3 reasons why you should listen to the full episode:Create sustainable change in your business that can continue to evolve and meet the challenges of the times.Gain insights into designing an ethical methodology for implementing living wages and new business models.Don’t let setbacks deter you from being a positive force in the world — discover how Boldr used a huge setback as a learning opportunity for the company and its teams.Episode Highlights[03:13] Mari Parker's Roundabout Journey[10:27] Why Boldr is a Better BPO[14:41] What You Need for Sustainable Change[20:20] Differentiating Living Wages and Fair Compensation[27:13] Operating with Transparency[33:49] Absorbing the Impact of Change[38:05] How to Implement Living WagesResourcesBoldr ImpactConnect with Mari Parker: LinkedInConnect with Christina Sjahli: LinkedIn Learn more about Profit Reimagined: LinkedIn | WebsiteEnjoyed This Podcast?Write a review and share this with your friends.Connect With the Profit ReimaginedReady to transform your purpose into an impactful business financial story, profit, and joy? Schedule a chat with the team.
00:48:12
Sep 28, 2023
At the heart of ethical employment lies our commitment to providing fair compensation to our workers. By fair, we mean more than just meeting the minimum wage. We're dedicated to offering living wages, enabling our employees to lead financially stable lives, free from undue financial stress. This extends beyond wages; it encompasses essential aspects such as healthcare and family well-being. But our responsibility as ethical employers doesn't end when our workers retire from our company. We don't treat our employees as mere tools, used and then discarded when they no longer directly contribute to profits.In our ongoing Living Wage series, we delve into two critical aspects: ethical labour practices and pension support for our valued workers. Joining us in the third episode is Joanna Maiden from SOKO Kenya, who shares her journey of establishing an ethical clothing manufacturing company in Kenya. She went beyond addressing labour and wage concerns; she made sure her people were looked after even during challenging financial times.Join us now on this journey towards ethical employment practices. By doing so, your business can not only thrive financially but also uphold ethical values every step of the way.3 reasons why you should listen to the full episode:Embrace the Courage: Pensions may seem like an additional expense for businesses, but discover why they're an investment well-deserving of your attention.Unlock Valuable Insights: Explore Joanna's journey as she navigated the path to guarantee fair compensation for her employees, not just during their employment but even beyond. Sometimes, it starts even before they become part of the team!Sustain the Ethical Revolution: The definition of an 'ethical employer' continually evolves as we encounter fresh challenges in the modern working world. Stay informed and be part of the ongoing revolution in ethical employment practices.Episode Highlights[03:34] The Effect of a Teacher: Joanna’s CEO Journey[09:11] Transparency in the Fashion Industry[12:04] Limiting Consumption — The Hows and Whys[14:19] Addressing Labour Issues in the Fashion Industry[20:14] How to Be an Ethical Employer[37:11] Continued Support for WorkersResourcesSOKO KenyaSOKO ShopConnect with Joanna: LinkedIn.Connect with Christina Sjahli: LinkedIn Learn more about Profit Reimagined: LinkedIn | WebsiteEnjoyed This Podcast?Write a review and share this with your friends.Connect With the Profit ReimaginedReady to transform your purpose into an impactful business financial story, profit, and joy? Schedule a chat with the team.
00:46:23
Sep 14, 2023
Success in business is a complex recipe, unique to each company and influenced by various factors. Similarly, the path to fair compensation isn't a one-size-fits-all equation. While numerous websites provide data on what constitutes a fair living wage, they often fail to consider an individual's specific needs and circumstances. The question of what truly defines a living wage demands a deep dive into the data.Our journey into the Living Wage Movement continues as we explore the concept of pay equity. In the second episode of this series, we sit down with Maiya Holliday to understand her innovative approach to ensuring a living wage through pay equity. Unlike a rigid, standardized pay system, Mangrove carefully considers several factors related to each employee's unique needs and situation.Discover how, as an employer, you can use the principles of pay equity to ensure that every member of your team receives compensation that empowers them, regardless of their location.3 reasons why you should listen to the full episode: Discover how to balance impact, success, sustainability, and a fair living wage within your company through the lens of pay equity.Learn from the insightful questions that Maiya had to explore and ask when addressing fair compensation in an impact-driven business.Don't settle for the minimum — find out how your company can ensure a high quality of life for its people while maintaining excellent levels of success.Episode Highlights[03:17] Maiya’s Journey from Self-Taught Coding to Mangrove[11:44] How Mangrove Fits in the B Corp Framework[15:03] Defining Pay Equity[24:05] How Mangrove Created Pay Equity[38:54] Answering the Question of Fair Pay[44:29]Steps to Building a Sustainable Impact BusinessResourcesMangrove Web DevelopmentConnect with Maiya: LinkedIn.Connect with Christina Sjahli: LinkedIn Learn more about Profit Reimagined: LinkedIn | WebsiteEnjoyed This Podcast?Write a review and share this with your friends.Connect With the Profit ReimaginedReady to transform your purpose into an impactful business financial story, profit, and joy? Schedule a chat with the team.
00:56:17
Aug 31, 2023
Creating meaningful impact as a business is more than just ensuring your customers receive the best services and products. It's also about creating a positive impact on the lives of your employees and the communities you serve. One powerful way you can achieve this is by embracing the concept of a living wage. This transformative approach ensures that individuals can lead healthy lives, with access to basic needs like shelter and nutritious food. No longer will anyone struggle to make a living; a living wage paves the way for dignity and stability.Our journey into the Living Wage Movement begins here. We delve into what it truly means to implement a living wage and the profound effects it can have on your team. Joining us is Michelle Murray, the CEO of Living Wage For Us, in this inaugural episode.Michelle's insights shed light on the attainability of a living wage, dispelling any daunting myths. As time progresses, the benefits of this endeavor can become a reality for all.We firmly believe that a life of dignity should be the norm, not the exception. Gain a deeper understanding of the living wage as we explore its impact and consider becoming a part of this movement.3 reasons why you won't want to miss the full episode:Transform your business, empower your employees, and uplift your community by embracing the living wage standard.Don’t be daunted. Michelle guides you through the steps to initiate a living wage culture within your business.Find out how financial planning is crucial in your journey towards having a living wage.Episode Highlights[03:19] Michelle’s Winding Journey Towards Living Wage[11:56] Defining Living Wage[17:29] Steps Towards Achieving a Living Wage[20:55] The Best Time to Start the Journey[23:00] The Benefits of Living Wage[26:44] The Gaps in the Living Wage Movement[34:16] How Living Wage Contributes to the Sustainable Development Goals[41:43] The Importance of Financial Planning in Achieving a Living Wage[46:14] Working with Living Wage For USResourcesLiving Wage For USGlobal Living Wage CoalitionConnect with Michell Murray: LinkedIn | Email | Contact Us Connect with Christina Sjahli: LinkedIn Learn more about Profit Reimagined: LinkedIn | WebsiteEnjoyed This Podcast?Write a review and share this with your friends.Connect With the Profit ReimaginedReady to transform your purpose into an impactful business financial story, profit, and joy? Schedule a chat with the team.
00:58:41
Jun 08, 2023
As a woman entrepreneur, you have the power to lead a profitable business that makes an impact. You'll hone your skills, take action and make authentic decisions that will put you on your own path to success. It may be a difficult journey ahead, but fortunately, the stories of successful women in business can guide your way. Take inspiration from the trailblazers who show you the possibilities of changing the world as a woman business owner. Her CEO Journey Podcast tells these stories that inspire people on their own CEO journeys. In this episode, we celebrate 200 episodes of smart tips and exceptional guests on the show. Each episode shows you that it's possible to make a profit and make an impact at the same time. We look back at these interviews that truly inspired listeners and left us with new learnings and hope for a better world built by women in business.What’s your favourite episode? Join us in celebrating 200 episodes of women empowering women here on Her CEO Journey!3 reasons why you should listen to the full episode:Remember what it means to grow slowly and build a business in Kresse Wesling’s journey.Help create opportunities and empower other communities as a business owner with Fatima AlvarezListen again to Masami Sato's journey of helping businesses all around the world make an impact together.Episode Highlights[00:04] Celebrating 200 Episodes of Her CEO Journey[01:48] Episode Highlight: The Journey of Kresse Wesling [05:40] Episode Highlight: The Journey of Fatima Alvarez[11:30] Episode Highlight: The Journey of Masami SatoResourcesA Rescue Mission: Changing the World through Rescue, Transformation and Donation — The Journey of Kresse WeslingSomeone Somewhere: Breaking the Cycle of Poverty - The Journey of Fatima AlvarezBuilding Sustainable Impact In Your Business With the B1G1 Initiative - The Journey of Masami SatoConnect with Kresse Wesling: LinkedIn | Elvis & KresseConnect with Fatima Alvarez: LinkedIn | Someone SomewhereConnect with Kresse Wesling: Website | Profile | B1G1Connect with Christina Sjahli: LinkedIn Learn more about Profit Reimagined: LinkedIn | WebsiteConnect With the Profit ReimaginedReady to transform your purpose into an impactful business financial story, profit, and joy? Schedule a chat with the team at any time.
00:18:36