Productivity and Cash Flow with Emily Morgan and Billie Anne Grigg

July 6, 2015

Productivity and Cash Flow with Emily Morgan and Billie Anne Grigg

Show Summary

Emily Morgan and Billie Anne Grigg join us for Episode 35 of the Profit First Podcast to discuss how to be more productive in your business, and how to get that profit in your pocket!

Our Guests

Emily Morgan (left)

Emily Morgan helps entrepreneurs and execs strategically clear their plates so they can focus on what they love! She is the founder of Delegate Solutions, a Strategic Support Firm and the designer of the “Delegate Method” which helps entreps identify areas of their business they can delegate or automate for maximum efficiency. She’s helped hundreds of entrepreneurs master delegation and design systems to support and grow their awesome businesses! This year alone, her team cleared nearly 10,000 hours of tasks off the plates of overwhelmed business owners.

Emily speaks nationally on the topic of virtual teams and delegation. She’s been featured in the NY Times, NBC News and Martha Stewart Radio, and was recruited to develop a leading Virtual Assistant Training Program for an East-Coast college consortium where she personally developed two courses on virtual entrepreneurship. She is a Goldman Sachs 10,000 Small Businesses alum, and is an alumnae of UPenn. She also serves locally as a Board Member for the Economic Development Committee in Voorhees, NJ where she resides.

Billie Anne Grigg (right)

Billie Anne Grigg has more than sixteen years of bookkeeping experience in the retail and professional services sectors. She is a QuickBooks Online ProAdvisor, LivePlan Expert Advisor, FreshBooks Certified Beancounter, and is Oklahoma’s first Certified Profit First Professional. Billie Anne started Pocket Protector Bookkeeping in 2012 to provide a virtual bookkeeping solution for small to medium-sized retail and professional services businesses, with a focus on providing high-quality managerial accounting services to businesses who cannot yet justify employing a full-time, in-house managerial accounting staff.

When not keeping books, Billie Anne can usually be found with her nose stuck in one…or at least reading something on her Kindle. She is also a life-long crocheter, a fairly new knitter, a dance mom (but she’s not crazy, at least not in a mean way,) and is working with her husband (mostly on the financial side) to build their sustainable farm in northeast Oklahoma.

Show Quotes

To increase productivity in your business, focus on what goals you personally want to reach and what you want your daily tasks to be. From there you can delegate other responsibilities to your staff.

The three questions to ask yourself:
What tasks do you want to work on?
What tasks do you not enjoy working on? These are the tasks that can be delegated.
What tasks can be automated?

Scheduling and emails are the most common tasks that are delegated so the entrepreneurs can focus more on what they love.

Put the profit in your pocket.

There is always resistance with a new habit. Don’t get discouraged!

The wedge strategy: whatever your salary is – as your business increases, half of the increase is automatically diverted to a hidden account as another savings for yourself.

Have a question you’d like us to answer on the air? Email Kristina or Mike!

Kristina@MikeMichalowicz.com
Mike@MikeMichalowicz.com