In this episode of the RossKote Powder Coater Podcast, Kim Scott interviews Shelby Ashley, the founder of Optimize Financial Solutions. They discuss the importance of financial literacy for small business owners, particularly in the manufacturing and powder coating industry. Shelby emphasizes the need for understanding financial statements, managing cash flow, and the dangers of excessive debt. They also touch on the significance of budgeting, with Shelby advising on its necessity for tracking performance and catching issues early. The conversation covers the impact of expenses on profitability, the benefits of strategic pricing, and the importance of hiring a team that challenges the owner. Shelby also highlights the common oversight of tax planning and offers a free financial assessment for business owners. They conclude with the idea of comparing profit and loss statements across the industry to understand optimal margins, regardless of company size. Shelby is available for consultation through LinkedIn, and the episode encourages listeners to charge enough, make money, and sleep well at night.
Featured Guest Links
Shelby Ashley LinkedIn
https://www.optimizedfinancialsolutions.com/
Episode 27: How To Be Socially Responsible With Powder?
Trailer: Episode 27
Episode 26: How To Make Workflow Equal Cashflow
Trailer: Episode 26
Coater Tech: Will a clear coat bond to a topcoat if it‘s already been fully cured?
Coater News: 1.17
Coater News: 1.16
Bonus: We Have a Winner of The Coater Brand Giveaway!
Episode 25: Pitfalls & Puns in Powder Coating with Jimmy Oh-Malley
Coater News: Episode 1.15
Trailer: Episode 25
Coater News: Episode 1.14
Episode 24: Come On Chris! Can You Really Powder Coat Wood?
Trailer: Episode 24
Coater News: Episode 1.13
Coater News: Episode 1.12
Episode 23: Sleuthing Workflow Management with Detective Coatings
Trailer: Episode 23
Coater News: Edition 1.11
Coater News: Edition 1.10
Join Podbean Ads Marketplace and connect with engaged listeners.
Advertise Today
Create your
podcast in
minutes
It is Free
LifeBlood
Science of Reading: The Podcast
追夢媽咪
Old Fashioned On Purpose
The Minimal Mom