Show Summary
Therapist turned Mindset Master, Kelly Ruta walks us through the money mindset. Get ready to amplify your mind and amplify your income. Welcome to Episode 187 of the Profit First Podcast!
Our Guest
Kelly Ruta is a high-performance mentor for female entrepreneurs. Her style of coaching and speaking has best been described as Gary Vaynerchuk meets Brene Brown; ass-kicking with a heart. Kelly’s 20+ year career has been spent helping women rise above serious challenges and take back their businesses and lives. Her clinical and life experiences with diverse people and challenges make her uniquely qualified as an expert at helping people get out of their own way and rise up in todays entrepreneurial world. This former NJ native is a lover of all things coffee, chocolate, and wine. When Kelly isnt working, she is hanging with her husband and two sons, often on the baseball field but preferably on the beach with a good book and a journal.
Show Links
http://www.facebook.com/KellyRutaMentor/
Corporate Partners
Nextiva – VOIP phone providers for small businesses.
Receipt-Bank – Software and service to make the gathering, storage & processing of bills, receipts and invoices as easy and as cost effective as possible for businesses.
Fundbox – the simplest and fastest way to fix your cash flow by advancing payments for your outstanding invoices.
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Hi Mike & crew,
I have enjoyed listening to the profit first on iBook, and also the profit first podcast. I have been implementing the program for about 4 months now, and it has been a blessing to me and the business. I am growing as a business, and could not imagine doing it without the various accounts. Though I do remember being quite nervous when I went to go set up my 5 accounts!
I do have one question – I would like to implement a quarterly and/or monthly program of bonuses and “profit sharing” with my employees in order to build moral and motivation. What account should I pull this from? I am guessing it would not be owner pay, profit, taxes, and obviously not income. So that really just leaves the opx account. Do I look at that account and pay out based on some threshold amount? I do not recall this in the book or podcast, but I could have missed it.
Thanks!
Best,
Andy
Andy Richardson
Professional Engineer
29E6, LLC Structural Engineering
Beaufort, SC