In this episode of Business Lunch, we walk you through the ins and outs of managing business finances. We explain the potential pitfalls of keeping more than a month's worth of operating expenses in the account. We explain how that can lead to complacency and unnecessary spending. We also explain how business can cover unexpected events and tricky payroll situations, like those pesky months with three payroll cycles or prepaying for holidays. We go beyond the glamor of being an entrepreneur to the real details behind the scenes.

Highlights:

"We're very big on lifestyle and freedom and all those kinds of things. But it's also important to acknowledge that it's not a perfect situation very often."

"There are times when things are absolutely amazing. And there's times when things could frankly be a hell of a lot better. And I think that's called life. I think that's called entrepreneurship"

"If we're buying a business, I hate the agreement part. I love negotiation and strategy. But when it comes to reading a 75-page document, I just absolutely can't stand it."

Timestamps:

00:00 - Operating Account Insight

01:15 - Personal Calendar Reflection

02:15 - Acknowledging Imperfections

03:15 - Loving Strategy but Hating Legal Work

06:52 - The Reality of Entrepreneurship

07:39 - Cyclicality in Business

08:54 - Handling Excess Profit

10:20 - Minimum Operating Reserve

10:37 - Importance of Operational Cash

10:44 - Prepaying Payroll Challenges

Connect with me on social:

• TikTok: Check out my TikTok Here
• Instagram: Check out my Instagram Here
• Facebook: Check out my Facebook Here
• LinkedIn: Check out my LinkedIn Here
• Subscribe to my YouTube 👉 Here

Resources:

• 7 Steps to Scalable workbook

• Get my book, Zero Down, FREE

Mentioned in this episode:

Build Your CEO Dashboard

Get one report every week of the key metrics you need to know with the CEO Dashboard!

CEO Dashboard

In this episode of Business Lunch, we dive into extreme leverage—how solo founders are building multi-million dollar businesses with basically zero headcount. We break down the playbook: finding expensive problems, validating demand before writing code, and letting AI handle the execution. We also cover the risks, the new KPIs that matter, and the vision of one founder running a portfolio of micro businesses on a single AI-driven back office.

Chapters

00:00 Building a Billion Dollar AI Company Alone

13:18 Leveraging AI for Business Solutions

13:45 Redefining Roles in the Age of AI

Special Announcement

After 5 years of teaching entrepreneurs how to build, buy, and sell companies, I'm retiring all Epic courses and educational content permanently.

This isn't because they didn't work, thousands have built real wealth with these frameworks, but because AI, capital markets, and collaboration have changed the game. I'm shifting from teaching deals to doing deals. Want access to everything before it disappears forever?

This is your last chance to grab 5 years of proven frameworks, strategies, and training materials before they're gone for good. See the full story and whats going into the vault here: Go to the vault

Connect with me on social:

• TikTok: Check out my TikTok Here
• Instagram: Check out my Instagram Here
• Facebook: Check out my Facebook Here
• LinkedIn: Check out my LinkedIn Here
• Subscribe to my YouTube 👉 Here

RESOURCES:

• 7 Steps to Scalable workbook

• Get my book, Zero Down, FREE

Mentioned in this episode:

The Vault

Special Announcement After 5 years of teaching entrepreneurs how to build, buy, and sell companies, I'm retiring all Epic courses and educational content permanently. This isn't because they didn't work, thousands have built real wealth with these frameworks, but because AI, capital markets, and collaboration have changed the game. I'm shifting from teaching deals to doing deals. Want access to everything before it disappears forever? This is your last chance to grab 5 years of proven frameworks, strategies, and training materials before they're gone for good. See the full story and whats going into the vault here: Go to the vault

Retirement Vault

In this episode of Business Lunch, we dive into the critical 90 to 100-day period following a private equity acquisition, emphasizing the need for rapid, auditable value creation. It outlines a strategic framework for CFOs, detailing tactical moves to achieve immediate financial impact while integrating lean thinking principles to eliminate waste and enhance operational efficiency. The discussion also highlights the importance of human behavior in executing these strategies effectively.

Chapters

00:00 The Critical 90-Day Sprint

10:05 Strategic Framework for CFOs

18:37 Tactical Moves for Immediate Impact

Special Announcement

After 5 years of teaching entrepreneurs how to build, buy, and sell companies, I'm retiring all Epic courses and educational content permanently.

This isn't because they didn't work, thousands have built real wealth with these frameworks, but because AI, capital markets, and collaboration have changed the game. I'm shifting from teaching deals to doing deals. Want access to everything before it disappears forever?

This is your last chance to grab 5 years of proven frameworks, strategies, and training materials before they're gone for good. See the full story and whats going into the vault here: Go to the vault

Connect with me on social:

• TikTok: Check out my TikTok Here
• Instagram: Check out my Instagram Here
• Facebook: Check out my Facebook Here
• LinkedIn: Check out my LinkedIn Here
• Subscribe to my YouTube 👉 Here

RESOURCES:

• 7 Steps to Scalable workbook

• Get my book, Zero Down, FREE

Mentioned in this episode:

The Vault

Special Announcement After 5 years of teaching entrepreneurs how to build, buy, and sell companies, I'm retiring all Epic courses and educational content permanently. This isn't because they didn't work, thousands have built real wealth with these frameworks, but because AI, capital markets, and collaboration have changed the game. I'm shifting from teaching deals to doing deals. Want access to everything before it disappears forever? This is your last chance to grab 5 years of proven frameworks, strategies, and training materials before they're gone for good. See the full story and whats going into the vault.

Retirement Vault