The boring sh!t in business Podcast with Amy Bajada

EPISODE 155 : Business by day, broke by night? Let’s fix that!

⁉️ Feeling the hustle but still broke?
In this episode, I'm diving deep into a topic that many business owners often overlook - managing personal finances while running a business. If you're tired of feeling like you're working 24/7 with nothing to show for it personally, this episode is a must-listen!
Here's a quick rundown of the key takeaways:
Pay Yourself First: It may sound simple, but regularly paying yourself a set salary can be a game changer. It ensures discipline and keeps your personal finances in check, even during those lean business months.
Separate Finances: Mixing personal and business accounts is a recipe for confusion. By keeping them separate, you'll gain clear visibility into your finances, helping you avoid unnecessary financial stress.
Plan for the Future: Whether it's saving for taxes, emergencies, or retirement, planning ahead can give you peace of mind. Remember, your business shouldn't be your only retirement plan!
If you're looking to improve your financial habits, make sure to listen to the full episode. Let's take control of our financial well-being together!

EPISODE 154 : Back to the Mic: Lessons from 12 Months Away

🎙 Welcome Back! A Year in Reflection and a Bold New Beginning 🎙
It’s been 12 months since our last episode, and I’ve got a lot to share. In this special relaunch episode, I open up about my unexpected break, what led me to hit pause on the podcast, and the powerful lessons I’ve learned during this time away. Spoiler alert: it’s all about rediscovering purpose, embracing balance, and finding clarity in the chaos of entrepreneurship.
Here’s what you can expect in this heartfelt comeback episode:
The Burnout Trap: Why consistency can be both a superpower and a slippery slope—and how I fell into it.
The Power of Reflection: How stepping back helped me reconnect with my “why” and reignite my passion for helping business owners.
Actionable Insights: Why rest isn’t just okay—it’s essential for sustainable growth and creativity.
A New Chapter: What’s next for this podcast, including practical advice, financial strategies, and tools to empower you to build a thriving business.
This isn’t just a return—it’s a reset. I’m back with more energy, focus, and determination than ever before to bring you actionable, no-nonsense tips that will make a real difference in your business and life.
If you’re ready to gain financial clarity, create sustainable habits, and take your business to the next level, join me on this journey. Together, we’ll turn challenges into opportunities and dreams into reality.
Tune in now and get ready to thrive!
📌 Don’t forget to subscribe, share, and leave a review to help more business owners like you find their way to success.

EPISODE 153 : Unraveling Business Debt: Exploring Types of Debt and Strategies for Successful Management

Ahh debt … can’t live with it, can’t live without it. Especially when it comes to running a small business.
Understanding and effectively managing business debt is such an important component of a small business journey for growth and success. While the term "debt" may often carry a negative connotation, I always say, it’s not debt that’s the problem, but rather the management of it.
When managed strategically, it can serve as a powerful tool for expanding operations, investing in opportunities, and ultimately moving your business forward. With cash flow focus greater than ever, I wanted to take this opportunity to explore the different types of business debt, discuss how it can be used for growth, and highlight the importance of strict debt management. I’ll even throw in five key strategies that you can implement now to effectively navigate and optimise your business debt.
Take a listen. A x
 
Key moments throughout the episode :
Types of debt available to you and how they can provide support for growth in your business [05:49]
Key consideration for an effective debt management strategy [13:31]
5 Things you can do to build an effective debt management strategy for your business TODAY [16:09]
Here is a resource you may find helpful when managing debt for your business ... it's my Creating Cash mini course www.amybajada.com.au/creatingcash
 

EPISODE 152 : - Strategies for Financial Success during the Silly Season

For small business owners, the holiday season can be a time of celebration and relaxation, but it can also bring about unique financial challenges.
Commonly referred to as the "silly season," the period encompassing Christmas and New Year's can disrupt the regular flow of business operations. Offices close, clients go on leave, and the recovery of debtors can slow down significantly. This can have a substantial impact on a small business's financial stability, making it critical for business owners to be well-prepared.
In this episode, lets discuss and explore the various financial aspects of the silly season and provide key strategies to help navigate this challenging period successfully.
Take a listen. A x
Key moments throughout the episode;
Strategies you can implement now to help cope throughout the silly season [04:18]
How to address those staffing challenges during this time [05:30]
Ways to handle reduced client activity [09:26]
10 Cashflow Management strategies to provide financial stability during this time [13:17]

EPISODE 151 : Why your pricing demands your attention now!

Running a small business is a juggling act at best, where you're continually balancing various responsibilities, from managing the day-to-day operations to keeping a watchful eye on your bottom line.
Whilst all this is going on … I tend to find that often pricing strategies get overlooked, or forgotten all together. Its significance can be extremely underestimated, but the truth is, your pricing strategy is the cornerstone of your small business success.
In this episode, we will delve deep into why it is imperative to focus on your pricing strategy, particularly in the context of the ever-changing landscape of supplier costs, and how to align it with the bigger overarching financial goals of your business.
Take a listen. A x
Key moments throughout the episode ...
What is cost pass through and why it's important to understand [04:58]
How to influence supplier costs on your pricing [06:42]
The aspect grossly underestimated in pricing strategies [08:13]
How inadequate pricing can lead to decreased product quality [11:30]
How to get the competitive edge [14:31]

EPISODE 150 : Mastering Your Profit and Loss: Unleashing the Hidden Insights in Your Business Finances

Whilst I know most of us as business owners have heard the term Profit and Loss, or P&L or even income statement in our time (well at least I hope most of us have) … this conversation is more of a way to reignite the discussion around your P&L, to give it a little more life that perhaps it’s been given now.
You see, this conversation was spawn from the many discussions I have with business owners, who know they have one, know it’s important and all, but aren’t doing enough with it. Knowing what I know about a profit and loss statement, it would be remiss of me to not have this discussion, as I know so many are missing out on the wealth of knowledge that can be found in them.
So in this episode, we’ll explore what a profit and loss statement is, why it is indispensable for you as a small business owners, what critical elements it contains, and what invaluable insights you can derive from it.
Take a listen … A x
 
Key links mentioned throughout the episode
Profit & Loss Template www.amybajada.com.au/pandl
Getting started with Xero Mini Course www.amybajada.com.au/xero
Getting started with Quickbooks Mini Course www.amybajada.com.au/quickbooks

EPISODE 149 : Mastering the Breakeven Point: Your Key to Financial Success in Business

Break-even goes beyond being a mere buzzword in the business world; it stands as a fundamental concept that, when truly comprehended, can profoundly influence your business‘s financial success. And by "financial success," we mean the whole gamut – from profitability and pricing strategies to the lifeblood of your business: cash flow.
The magic of the break-even point lies in its power to transform the way you approach marketing, inventory management, time allocation, and sales strategies.
In essence, it will guide you through the financial maze of running a business, and it deserves more importance and attention than it often receives in the business world.
Ready to get serious about your break even point? … take a listen. A x
Key moments throughout the episode ..
The impact breakeven has on specific elements of your business [03:36]
How to correctly calculate your breakeven point and all it's components [06:45]
Other considerations needed for breakeven analysis [16:22]
Oh and for those interested in developing a robust pricing strategy for your business, be the first to join my waitlist for my new Small Business Pricing Course!  Simply email amy@amybajada.com with the subject line "Pricing Course" and I'll send you some key information about it's launch, along with an amazing deal that you won't want to pass up.

EPISODE 148 : From Shiny Objects to Real Results: Conquering Fear and Finding Business Success

As business owners we often find ourselves embracing, what I call, the shiny objects ... you know the things I'm talking about, product development, product testing, websites, instagram grids, social media, logos ... you know all the things.
Yet when it comes to tackling the hard stuff, the real stuff ... we often find ourselves afraid. Afraid of knowing the real results, the real profits OR losses ... the real reason you may not be making money, or even that your passion, your baby may not be working.
I get the fear is real ... but what are you really afraid of? Let’s chat about this. Take a listen. A x
Ways you can face the fear ...
Join my Small Business Cashflow Course waitlist (back on the 16th October 2023) www.amybajada.com.au/sbcc
Schedule a discovery call to discuss where you want to go with your business www.amybajada.com.au/discovery
Join my email list to have access to resources, support and notice when new resources are developed www.amybajada.com.au/signup
 

EPISODE 147 : From Vague Ambitions to Actionable Plans: Assigning Figures for Better ROI in Business

In the world of business, every financial decision is a high-stakes gamble. Whether you're a seasoned business owner or just starting out, the ability to think realistically about your financial moves can be the difference between thriving and floundering.
Thinking realistically about financial moves in your business is not about being overly cautious or pessimistic. It's about being well-prepared.
As you contemplate your next investment or financial decision, there are critical key factors that demand your attention. Return on Investment, timing of that return, how to budget for these and how adverse you are to the risk associated with these decisions.
Let’s chat about them … take a listen. A x
Key moments throughout the episode ...
What is ROI [02:08]
Understand what type of return you want [05:37]
Setting goals on when you want the return on your investment [09:22]
A great tool to assist in financial decisions [11:12]
What risk are you and your business able to (or even willing to) take on [12:26]
Need a forecasting tool ... why not check out my financial spreadsheet to assist you here www.amybajada.com.au/pandl
If you'd like to examine your business decisions and ROI further, schedule a free discovery call www.amybajada.com.au/discoverycall
Join the waitlist for my Small Business Cashflow Course at www.amybajada.com.au/sbcc
 

EPISODE 146 : What Every Business Owner Needs to Know About Balancing Personal and Business Finances

Being a small business owner is an exhilarating journey filled with passion and dedication. You've built your dream from the ground up, nurtured it, and watched it grow.
However, amidst the hustle and bustle of running your business, it's easy to overlook a critical aspect – managing your personal finances. Many small business owners struggle to understand and balance their business finances, let alone their personal ones.
In this episode, I wanted to explore how you can effectively manage your personal finances as a business owner.
Lets break it down into simple steps and practical advice, making it easier for you to navigate the financial waters of both your business and personal life. Take a listen. A x
Key Takeaways from the episode:
3 Simple ways to set clear boundaries for your personal and business finances [07:52]
Why a personal budget can help with financial management in both areas of your life [09:38]
To learn more about managing cash, join the waitlist for my Small Business Cashflow Course www.amybajada.com.au/sbcc
To discuss how you can establish a financial management plan, set up a free discovery call www.amybajada.com.au/discoverycall