The Prosper Collective: Recent Episodes
Holly Cain
Not sure what to do with all the cash rolling into your business? Not sure what to do when that cash dries up? Do you want to make better business decisions based on real data?
If this is you, you found the right place. Here at The Prosper Collective, I offer a judgment-free zone filled with grace, hope, clarity, and guidance to change your small business finances. The Prosper Collective exists to move entrepreneurs from overwhelm to peace, from chaos to intentional strategy, and from fear to confidence
We are going to talk all things money, legacy, team building, decision making, and even generosity. I believe the most fundamental reason to make money is to be generous and impact the world.
I'm your host, Holly Cain. I'm a wife, mom, church leader, and entrepreneur. In my work as a Finance and Operations Strategist, I've worked with businesses to reclaim their hope when it comes to their finances. I’ve also helped 5 and 6-figure businesses scale to 7 and beyond But now I want to help you!
Stick around for simple, non-scary discussions about exactly what next steps you need to take to get to the next level of impact in your business and life.
If generosity is the ‘why’ behind your business then we are going to be great friends! Here at The Prosper Collective, we move toward generosity in all parts of our business and lives. Welcome to the collective!
How do you know when to invest in something?
Investment is crucial for entrepreneurs because that is how we uplevel our businesses.
To achieve your long-term financial goals, it becomes necessary to place your money in areas where it can potentially earn more.
However, the outcomes of an investment are uncertain. So how does an entrepreneur ensure they are in the right space to invest?
I share how you can decide when and where to invest your money:
- How to ensure your finances are ready in preparation for an investment
- The order of investment
- How to make your investment money back
Don’t let this episode pass you by as you prepare for your next investment. Hit play and get right into it.
Grab full show notes here
Connect with Holly Cain
Maximizing your company's cash flow and earnings requires maintaining strict control over both fixed and variable costs.
Entrepreneurs can use a number of strategies to control spending and plan for unforeseen expenses that may arise throughout the year. In this episode, I share 12 of these strategies.
Are you eager to find them out? Hit play on this episode.
Grab full show notes here
Connect with Holly Cain
In this episode, I am joined by Erica Goode,CPA and we talk all things tax.
Erica is a seasoned financial expert and Certified Public Accountant (CPA) who possesses a wealth of knowledge from her career in public accounting at KPMG LLP in Chicago and in corporate finance at Walgreens headquarters where she led the financial planning process for a $2B division.
Her passion is helping entrepreneurs and CEOs grow the profitability of their companies, while planning for their family’s personal financial future and with such a background and passion, Erica shared important aspects about tax with us.
These are:
- What taxes entrepreneurs should be aware of
- How to save for your taxes
- Why you need to keep all your receipts
- What deductions to take advantage of
- How to make sure you are up to date with the deductions available to you.
We break down taxes in this episode in the simplest format, press play to listen.
Grab full show notes here
Connect with Holly Cain
Connect with Erica Goode
- Website
- Freebie: 6 Don't Miss Tax Deductions for Coaches
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In this episode, I speak about the Profit First Method with Jenni Davis.
She is a Certified Profit First Professional, CFO and owner of JMD Business Solutions. With over 25 years of experience, Jenni has learned how to step into service based business as the "Chaos Tamer", the "Money Manager" and their #2 in the day to day financial operations.
Jenni is passionate about eradicating financial stress for business owners and equipping them to plan for profit like they’ve never seen before.
As a Profit First coach, consultant and educator in the online business community, Jenni is the right guest for this episode and we highlight:
- What exactly profit is and what it is not
- Why many entrepreneurs struggle with the concept of profit
- How a normal business can take its profit
- What Profit First is and how it works
- Why it is necessary for you to have several bank accounts
If you are looking to transform your business, this is the episode for you. Press play to listen in.
Grab full shownotes here
Connect with Holly Cain
Connect with Jenni Davis
- Website
- Profit Simplified
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You may wonder, “why do I always budget and fail to follow through?” This is frustrating and can have your finances in the red yet you have money coming into your business.
Some reasons why this is failing is because you are not analyzing your spending in the past and getting clear on your cash flow in the present.
Once you are clear on this and stick to it, you can be able to see results.
I break down just how to make your budget work for you in this episode and why you should account for your finances and get a clear understanding of your cash flow.
Press play to listen in.
Grab full shownotes here
Connect with Holly Cain
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Financial literacy is an important aspect for every business owner and getting educated on how to operate your finances can transform your lives for the better.
This has led me to seek financial knowledge in resources like books and podcasts.
In this episode, I highlight:
- 10 of my favorite finance books
- My preferred financial and entrepreneur podcasts
I hope these resources can be of value to your business and personal finance as they did mine.
Let the listening begin.
Grab full show notes here
Resources
Books
-
Financial Peace Revisited: New Chapters on Marriage, Singles, Kids and Families by Dave Ramsey
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The 12 Week Year by Brian P Moran and Michael Lennington
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Strengths Based Leadership: Great Leaders, Teams, and Why People Follow by Tom Rath
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The Pumpkin Plan: A Simple Strategy to Grow a Remarkable Business in Any Field by Mike Michalowicz
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From 6 To 7 Figures: The Proven Playbook To Get More Traction, Free Up 20 Hours Per Week, And Scale Past $1M In Revenue!
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The Seven Money Types: Discover How God Wired You To Handle Money by Tommy Brown
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Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! By Robert Kiyosaki
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Simple Numbers, Straight Talk, Big Profits!: 4 Keys to Unlock Your Business Potential by Greg Crabtree
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Simple Money, Rich Life: Achieve True Financial Freedom and Design a Life of Eternal Impact - Bob Lotich
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Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine by Mike Michalowicz
Podcasts
Finance
- Seed Time Money Podcast
- Profit First Nation Podcast
- Popcorn Finance with Chris Browning
Small Business
- Hey Jessica
- The Ops Authority
- The Christy Wright Podcast (formally Business Boutique)
Connect with Holly Cain
- Freebie
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In this episode, I highlight which financial professional you need for your business.
If you are a business owner, then you definitely know how intimidating it is to find the right people to help with your business finances.
Is it a Certified Public Accountant, Bookkeeper, Chief Financial Officer, or Financial Planner?
Press play on this episode to find out alongside 10 questions to ask when hiring a financial professional.
For full show notes, click here
Connect with Holly Cain
- Freebie
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In this episode, I highlight the most powerful aspects your business may be overlooking.
These are your mission, vision, values and goals. This is because they help you determine your “why”.
As a business owner, they give you reason for why your business operates the way it does.
Not only are they a constant reminder to you and your team on what is important but they also allow you to utilize your skills and gifts which is very pivotal to the business’s growth.
Let’s dive into why this is important. Press play on this episode.
For full shownotes, click here
Connect with Holly Cain
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How do you assess if your business is healthy?
In this episode, I share 6 questions that will help you identify whether your business is truly healthy or not.
Use these question to figure out what areas to focus on:
- Can I pay myself a livable wage?
- If money stopped coming in, how long could my business stay open?
- Will I be ready to pay quarterlies on the due date?
- Have I taken a profit distribution in the last 6 months?
- Can you pay your short-term debt off completely on a monthly basis?
- Do you have one viable signature offer?
In this episode I give you a little tough love and ask you the hard questions now one else will ask you.
Ready to find out where you stand? Press play on this episode.
For full show notes, access here
Connect with Holly Cain
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In this episode, I talk about my flagship framework, “The Financial Steadiness Pathway”.
This is a framework I created to help business owners know what to focus on for their stage of business regarding finance and operations.
It is broken down into 3 stages:
- Foundation
- Building
- Legacy
In each of the above stages, I help you understand where you may want to go back and create more solid foundations to build upon and help you identify what may be working or not.
If you are a small service-based business owner, this episode is for you so press play and listen in on all the value.
For full show notes, access here
Connect with Holly Cain
Listen, rate, and subscribe!
Generosity begets generosity.
This means that if you are generous with those around you, if you put in that extra effort, spend that extra bit of time on your work with them and offer whatever you can—they're likely to return the favor.
By making generosity one of your top priorities as an entrepreneur, you'll likely find it will be reciprocated exponentially, and you could end up getting much more than you give.
Join me as I share about:
- The 5 Generosity Factors - who we are serving
- How to incorporate generosity in your business - how and what we give
For full show notes access here
Resources
Give Em’ the Pickle by Bob Farrell
Connect with Holly Cain
- Instagram: @prosper.collective
- Facebook: Prosper Collective
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Money, is one of my favorite topics to talk about and because of that, I have decided to start a podcast to share with you all money from a different perspective.
With a million resources around the world highlighting the MONEY aspect, The Prosper Collective joins in on the conversation.
In this episode, I talk about:
- Why I started this podcast
- Why it even matters
- Who the heck am I? Why do I even care about this?
- Why this podcast is called The Prosper Collective
For full show notes access here
Connect with Holly Cain
- Website
Listen, rate, and subscribe!
Are you looking for ways to handle money in your business? Then this podcast is for you!
The Prosper Collective is here to enlighten your knowledge on money and offer a safe space for you to learn and grow.
We are going to be talking about;
- The Financial Steadiness Pathway
- The Five Generosity Factors
- How you can read your books and financial statements
- What to invest in
- How to pay yourself
- What does cashflow really mean
- The financial health of your business
- Outsourcing
Be sure to join us weekly for the next 12 weeks for a dose of financial wellness.
For full show notes visit here
Connect with Holly Cain
- Website