Preparation is the Key. In this episode, my guest Terra Fontenot-Beard discusses the importance of preparing and pre-planning to overcome all the business hurdles and standout.
Key Points:
Understand why it is important to outsource your finances if you are a solo entrepreneur.
Find out why a business fails.
-Understand the importance of book-keeping for small businesses.
Learn the right time to invest and bring people on-board in your business.
Learn how to survive...
Preparation is the Key. In this episode, my guest Terra Fontenot-Beard discusses the importance of preparing and pre-planning to overcome all the business hurdles and standout.
Key Points:
- Understand why it is important to outsource your finances if you are a solo entrepreneur.
- Find out why a business fails.
-Understand the importance of book-keeping for small businesses.
- Learn the right time to invest and bring people on-board in your business.
- Learn how to survive all the downs in your business.
- Understand the importance of having an online presence of your business.
- Learn the importance of culture & the right environment.
- Understand the importance of the Employee Handbook.
- Understand why employee retention is important to build a sustainable business.
- Know how outsourcing can help your business.
About the Guest -
With over a decade of experience in managing staff, day-to-day operations, and millions of revenue dollars for Corporate organizations, Terra Fontenot-Beard offers a unique blend of leadership, expertise, and knowledge. She has established an entrepreneurial platform as a triple-threat entrepreneur, 2x author, mental health advocate, and an accounting and business operations outsourcing consultant at Fontenot & Associates Solutions, LLC, as the founder. Her desire for financial freedom ignited The Cookie Box Beauty Supply Store's aspirational launch, an online hair, skin, and beauty supply store. Terra is currently the co-founder of Sisters Doing More, a business platform that educates and empowers women, children, and families within the community to become mentally and financially healthy.
Terra has been recognized in many blog features for her accounting and business knowledge for other business leaders and influencers. Through the assignment of various roles, Terra has been able to take her hands-on experiences to cut costs, reallocate manpower to developing real-time accounting and an updated organization system for small to mid-sized businesses alike. In 2016, Terra was recognized as one of the Courageous Businesswomen Who Take Charge in Courageous Woman Magazine.
As a native of Galveston, Texas, Terra is a proud mother of five and an alumnus of Texas Southern University, where she earned her Bachelor of Business Administration in Accounting. She is passionate about using her skills and knowledge to improve the success rates of new and existing service-based entrepreneurs and small business owners.
Social Links of the Guest -
Website - http://www.fontenotsolutionsblog.com
Facebook Profile - http://www.facebook.com/fontenotsolutions
LinkedIn Profile - https://www.linkedin.com/in/terra-fontenot-beard-mba-9167b320/
Instagram Profile - www.instagram.com/fontenotsolutions
About the Host:
Ann Carden is a highly sought-after Expert Business Growth Consultant, Marketing Strategist, three-time published Author and a #1 Bestselling Author, and Professional Speaker for small businesses and entrepreneurs.
With more than forty-one years of business experience and coaching and consulting hundreds of coaches, entrepreneur’s and owners in more than forty different industries to more success, Ann knows what it takes to succeed in all areas of business. After spending thirteen years in corporate business management, Ann started her journey as an entrepreneur building businesses for herself for twenty-nine years. Her first business started out of financial hardship and Ann was able to propel that business into the international market (before the internet.)
After selling that business, she went on to start and build five more businesses to succeed. She has sold those businesses and today has a passion for helping small business owners and entrepreneurs build their success.
She has been featured on the affiliates of ABC, NBC, CW, and FOX, among many other media outlets. Her articles have been published on Small Business Trendsetters and Business Innovators Magazine, and she has been a featured guest on multiple podcast shows such as: “Business Innovators Radio” podcast which can be heard at: BusinessInnovatorsRadio.com/Ann-Carden.
(0:00) Introduction and guest, Terra Fontenot-Beard
(1:18) Importance of delegating tasks and hiring early
(4:08) The role of business planning and financial management
(7:27) When to invest in hiring and the role of numbers in decision making
(9:57) Impact of the pandemic and the need for online business structure
(13:53) Importance of company culture and employee management
(17:05) The financial and legal implications of employee turnover and lack of handbooks
(23:19) Building a strong business foundation and stopping the bleeding point
(26:47) Outsourcing, technology, and the changing landscape of business post-pandemic
(29:28) Wrapping up and how Ann Carden can help grow your business
