
The Number
163 episodes — Page 1 of 4
Why 44,000 Trades Businesses Closed in One Year
Why Working With a Financial Planner Reduces Stress
Why Real Business Success Takes Ten Years

The One Number That Simplifies Your Spending Plan
The Number | Episode 3 — The One NumberMost people manage money reactively — checking their bank account after the fact and hoping it adds up. In this episode, Wendy and Kelsey dig into The One Number: Black Star Wealth's system for cutting through the noise of multiple accounts, competing priorities, and unconscious spending. They explain why a spending plan works better than a budget, how automating your fixed costs frees up mental energy, and how a single weekly number can give you both boundaries and permission — depending on what you need.In This EpisodeWhy "spending plan" works better psychologically than "budget" — and how the framing changes your relationship with moneyHow The One Number works: automating fixed costs so you only need to track one weekly discretionary figureWhy the number resets every seven days, and why that matters when life goes sidewaysHow to use your weekly number to understand the real trade-off between paying down debt and maintaining your current lifestyleWhy this system helps both over-spenders and under-spenders — and how it removes the guilt from both sidesFeatured Quote"It's about how much can you spend on your discretionary things every week without worrying. Everything else works." — Wendy BrookhouseAbout the HostsWendy Brookhouse is the founder and chief strategist at Black Star Wealth and a Certified Financial Planner with over 20 years of independent advisory experience. She works with entrepreneurs and business owners to build financial clarity, business value, and wealth that lasts.Kelsey MacAulay is the Chief Operating Officer and Chief Relationship Officer at Black Star Wealth, and a Certified Exit Planning Advisor. He works with business owners on the operational and strategic side of building a business worth transitioning.Resources & LinksThe One Number — Black Star Wealth's system for simplifying spending and aligning money with your goals. Learn more at blackstarwealth.comConnect With Black Star WealthWebsite: blackstarwealth.comLinkedIn: Wendy Brookhouse | Kelsey MacAulayPodcast: The Number — available on all major platformsIf this episode resonated, follow The Number so you don't miss what's next.

From Interested to Committed: What 500 Sessions Teaches
Got it — noted and saved. Kelsey MacAulay, and he. I'll make sure both the skill files and all future content reflect that correctly. Here are the corrected show notes:From Interested to Committed: What 500 Sessions TeachesThe Number | Episode [#] — Commitment, Habits & ConsistencyWhat does it take to stop being interested in something and actually commit to it? In this episode, Wendy and Kelsey get personal. Kelsey hit 500 gym sessions in under two years — tying for third fastest in his gym — and it changed more than his fitness. They unpack what made the habit stick, why identity matters more than motivation, and how the same thinking applies to the financial and business decisions that business owners keep putting off.In This EpisodeWhy convenience and structure matter more than willpower when building a lasting habitHow blocking non-negotiable time — in your calendar and in your mindset — removes decision fatigue before it startsThe difference between being interested in something and actually committing to it, and what it takes to flip that switchWhy your reason for committing has to be genuinely yours — doing it for someone else rarely worksHow building one consistent habit can create capacity for things that previously felt out of reachWhat it looks like when a goal shifts from external motivation to a core part of how you see yourselfFeatured Quote"It's more of an identity now, not a motivation." — Kelsey MacAulayAbout the HostsWendy Brookhouse is the founder and chief strategist at Black Star Wealth and a Certified Financial Planner with over 20 years of independent advisory experience. She works with entrepreneurs and business owners to build financial clarity, business value, and wealth that lasts.Kelsey MacAulay is the Chief Operating Officer and Chief Relationship Officer at Black Star Wealth, and a Certified Exit Planning Advisor. He works with business owners on the operational and strategic side of building a business worth transitioning.Connect With Black Star WealthWebsite: blackstarwealth.comLinkedIn: Wendy Brookhouse | Kelsey MacAulayPodcast: The Number — available on all major platformsIf this episode resonated, follow The Number so you don't miss what's next.

001: The Story Behind the Numbers: Two Decades of Financial Evolution
Twenty years. That’s the number that launches The Number.The milestone number 20 marks Wendy’s twentieth year in the financial industry. What began as business consulting evolved into an independent financial planning practice grounded in curiosity, education, and doing what is right—not what is easy.In this first episode, Wendy Brookhouse and Kelsey MacAulay introduce the podcast and the concept behind it: beginning every conversation with a number and uncovering the story that sits behind it.Wendy and Kelsey discuss what has changed over the past two decades, from pandemic‑driven digital acceleration to the rise of AI and faster approval processes. They also explore what has stayed constant: every client brings their own story, fears, aspirations, and definition of success.With fewer than 17 percent of independent financial advisors being female, Wendy reflects on the importance of empathy and emotional intelligence in modern financial planning—skills that she believes will matter even more in the years ahead.They also outline the three core planning pathways at Black Star Wealth:The One Number SolutionRetirement PlanningTotal Wealth Blueprint for Business OwnersYou’ll hear why the firm is shifting toward fixed‑fee models to offer greater transparency and clarity for clients.This episode sets the tone for what The Number is all about: clarity, empowerment, and real conversations about the numbers that shape your life.

Episode 158 - What 2025 Taught Us About Business Value And Exits
This episode takes a turn. Wendy’s not in the host chair. I slide in to interview her and Kelsey as we wrap up 2025 and look straight into 2026.We cover what surprised them about business owners this year, where owners are getting stuck, why so many people are tired, and why resilience and action suddenly matter more than ever.We dig into the myths that refuse to die, the habits that make a business sellable, and the blind spots that can wipe out value overnight.We also talk about life after the sale. The identity stuff. The what now moment.If you’re planning to sell in five years or you’re nowhere near ready but want the option, this one will get you thinking.

Episode 157 - Cybersecurity First, AI Second, Always
AI is showing up everywhere in business.And a lot of owners are turning it on without realizing what they just gave access to.In this episode, Wendy sits down with Darryl Cresswell, CEO and founder of myDWARE, to talk about why cybersecurity has to come before any AI rollout.They dig into real world examples entrepreneurs can actually relate to.AI agents running under owner level access.Sensitive data leaking through email, CRM systems, and shadow AI tools.And why flashy automation without guardrails can quietly destroy trust, value, and deal readiness.Darryl breaks down the difference between AI bots, AI agents, and agentic AI in plain language.They talk about shadow AI, third party tools, and how employees accidentally create risk.And why buyers and auditors are now paying close attention to cybersecurity when valuing a business.If you are experimenting with AI, thinking about automation, or planning to sell your business one day, this conversation will change how you think about “just turning it on.”Cybersecurity first.AI second.Always.

Episode 156 - The Wildest Founder Origin Story I’ve Ever Heard
I invited Graham Barlow onto The Real Bottom Line because his founder journey is one of the wildest I’ve ever heard. He started out as a teenager selling virtual game items on eBay, scaled that “hobby” into almost six figures a month, and eventually went on to build and exit multiple companies.In our conversation, Graham and I dig intoHow he and a group of friends used bots to farm virtual currency long before in-app purchases were normal Why cash flow, projections, and financial discipline matter far more than top-line revenue The painful lessons he learned building a game studio and raising moneyHow ego and “I’m the only one who can do this right” thinking quietly caps your businessWhy community and the rooms you put yourself in can dramatically change your sense of what’s possibleThe two strategic gaps he sees in most businesses right now… outbound sales and how teams use AIWe also talk about Founder Link, the community he never planned to build, and why so many founders desperately need a place where they can ask real questions, drop the armour, and get guidance from people who’ve already walked the path.If you’ve ever hit a ceiling, questioned your next move, or wondered what it actually takes to build something someone would buy, you’ll get a lot from this conversation.

Episode 155 - From Boardroom to Rockstar, Leading the Next Stage
FinTech leader Carrie Forbes, CEO of Rockstar Advisory, joins Wendy to unpack the shift from startup energy to running energy, the corporate habits worth keeping, and how to make AI projects succeed with tiny, low risk wins. Human skills remain the moat... and that’s the optimistic bottom line.

Episode 154 - Revisioning Retirement: Identity, Meaning, and the Art of Becoming
Wendy talks with Dr. Susan Reid, revisioning specialist, author, and keynote speaker, about designing life after work. They explore identity beyond titles, why meaning matters in retirement, and how a simple “being vision” guides the next chapter. Susan shares research, lived lessons from building and selling businesses, and practical tools like journaling push/pull factors and building a “retirement team” of strong and weak ties.Show Notes (light timestamps)0:00 — Intro and Susan’s path: scientist → MBA → PhD → entrepreneur3:30 — The Bob Proctor yo-yo story and discovering vision7:55 — Creating a category: ice cider, then maple whisky12:10 — Why a seven-word vision moves people faster than a long plan13:40 — “Life after work” and early-retirement trends17:20 — Hard stop vs glide path and the anxiety dip21:30 — Prep to vision: quiet, journaling, push/pull factors24:30 — Open via nature, people, and the “universe”26:20 — Your Retirement Team: strong ties and weak ties33:00 — Values → being vision (stop obsessing about how)38:36 — The art of becoming + how to reach SusanKey TakeawaysTreat retirement as revisioning: move from freedom from to freedom to.Start with values and a being vision, then let the how emerge.Build a Retirement Team for support and fresh ideas.Keep the vision simple enough to remember.Prototype the next chapter before you leap.

Episode 153 - How Employee Ownership Trusts Are Changing Business Succession in Canada
Episode: The Real Bottom Line with Wendy Brookhouse Guest: Jennifer Williams, Founder of Firefly InsightsIn this episode, I sit down with Jennifer Williams, founder and partial owner of Firefly Insights, to unpack one of the most exciting developments for Canadian entrepreneurs — Employee Ownership Trusts (EOTs).If you’re a business owner starting to think about succession, exit planning, or legacy, this episode will open your eyes to a whole new way to transition your business — one that rewards your team, sustains your community, and can even save you millions in taxes.We talk about:Jennifer’s unique path from nonprofit work to social entrepreneurship and employee ownershipThe tough mindset shift around profit versus missionHow to find the right scale in your business without burning outThe new Canadian EOT legislation and what it means for small and mid-sized companiesWho qualifies, how the trust is structured, and the real financial and cultural benefitsMy favorite moment: when Jennifer breaks down how profit can amplify your mission rather than distract from it.If you’ve ever wondered, “What’s next for my business when I step away?”, this conversation might just change the way you think about exit planning.Connect with Jennifer: fireflyinsights.ca Email: [email protected]

Episode 152 - Done Beats Perfect: Ray Samuels on Iteration, Momentum, and the Real Currency of Relationships
Guest: Ray Samuels, Growth Advisor and Founder, Cer CapitalEpisode in a sentence: Ray shares how “done beats perfect,” why relationships are the real currency, and how a simple idea plus disciplined iteration can create momentum, funding, and valuation growth.What we coverFrom high-school dances to London Telecom to Direct Energy: Ray’s entrepreneurial through-lineThe 65% rule: ship, listen, iterate“Clarity beats complexity,” and getting “pedestrian” with customers to gather real feedbackG.R.O.W. mindset: Gratitude, Resilience, Optimism, WillpowerThe Equal Tank story: a simple washer-fluid dispenser, environmental impact, and national rolloutFunding growth: why sales orders are easier to fund than ideasPackaging a story investors understand and want to backDaily relationship rituals that keep your network aliveKey takeawaysShip at 65% and improve with feedbackRelationships compound if you maintain them intentionallyKeep the product and the story simple so adoption is easyGrowth needs cash, data, and proof, not perfectionMomentum creates new problems, but they are the right problemsTimestamps00:00 Meet Ray and the power of relationships02:30 Early entrepreneurship: dances, driveways, done over perfect07:10 Iteration vs. perfection and the 65% rule08:50 Clarity beats complexity and learning to listen18:20 The G.R.O.W. mindset explained23:20 Equal Tank: simple solution, big impact28:20 When and how to fund growth35:50 Packaging the story for partners and investors36:30 Wrap: relationships and iteration as operating systemsConnect with Ray LinkedIn: https://www.linkedin.com/in/ray-samuels-a20165/Like this episode? Subscribe, leave a review, and share it with a founder who needs a nudge to ship.

Episode 151 - Escaping the Owner's Trap: Building a Business That Works for You
In this episode, I'm joined by the incredibly insightful Lissa Daub, founder of Strong Impact Academy. We met online through a couple of mutual groups, and it was a meeting that just felt like kismet. Lissa hails from Edmonton, Alberta, and she’s a force to be reckoned with.Lissa and I dive into some of the most critical topics for business owners, from the mindset shifts of moving from corporate to entrepreneurship, to the surprising truth about owning a restaurant (it's not always sexy!). We talk about how the pandemic actually opened up new opportunities and simplified things for business owners, and Lissa shares her biggest lesson: you can’t just build it and expect them to come.The heart of our conversation is all about the end game. As a Certified Exit Planning Advisor, Lissa is passionate about helping entrepreneurs understand that a profitable business isn't always a sellable one. We explore why it's so important to think about the value of your business as a key performance indicator and how to avoid the "owner's trap," where you build a job for yourself instead of a sellable asset. We also talk about The Exit Lab, a workshop that helps business owners intentionally prepare for their future.In this episode, Lissa and I discuss:My favorite Lissa quote: "A profitable business is not always sellable, but a sellable business is always profitable."Why entrepreneurs are notorious for chasing shiny objects and how to stop.The biggest mistake business owners make around exit planning (and why it could cost you a fortune).How to hire strategically so you can focus on the things you love to do.The staggering statistic that 75% of business owners regret selling their business a year later and how you can avoid it.Connect with Lissa:LinkedIn: https://www.linkedin.com/in/lissadaub

Episode 150 - The Compound Effect of Entrepreneurship
150 episodes. Honestly, when I started this podcast, I wasn’t thinking about milestones. I just wanted to have conversations with entrepreneurs and share the lessons hidden inside their journeys. And yet here we are....150 episodes later.In this solo episode, I step back from the usual interviews to reflect on what I’ve learned along the way, about business, freedom, resilience, and legacy.Here’s what I dig into:Why I believe mistakes are just lessons in disguise.How freedom from and freedom to are two very different things.The way money and freedom are always intertwined.Why your business isn’t just your baby | it’s an asset meant to fund your life.How thinking about legacy changes how you grow your company.And why building a business that doesn’t depend on you is the real path to both time and wealth freedom.As I share my reflections, I also talk about my own journey, like how giving up alcohol five years ago became an unexpected lesson in consistency and compound results.The real bottom line? Freedom of time opens the door to freedom in every other area of life and business. And that’s what I wish for you.

Episode 149 - Build, Sold, and Keep Connecting
Some entrepreneurs build one business and call it a day. Dalene Allen has built — and sold — more than one… and kept right on making powerful connections.In this episode of The Real Bottom Line, I sit down with Dalene to unpack her journey from direct sales leader earning pink Cadillacs, to running and selling the largest business referral network in Atlantic Canada, to launching her own networking company.Dalene opens up about how she navigated each exit, why she believes human connection will always beat automation, and the simple habits that keep her network alive and thriving.You’ll hear:How she turned a Mary Kay career into a sellable assetWhat it really takes to exit a franchise businessThe 10-minute-a-day LinkedIn strategy that worksHer top tips for beginner, intermediate, and pro networkersHow to instantly make new contacts feel welcomeWhether you’re building a business to sell or looking for better ways to meet the right people, Dalene’s story is packed with ideas you can put to work right away.Connect with Dalene Allen Email: [email protected] Website: networkingnaturally.ca

Episode 148 - Forget the Algorithm: The Power of Real Conversation in Social Media
In a world obsessed with algorithms, trends, and going viral, what if the true key to social media success was simpler and more human? This week's guest, Ingrid Deon, founder of the organic social media agency Word-Craft, makes a powerful case for ditching the algorithm-chasing and focusing on what truly matters: authentic conversations.Ingrid shares her inspiring and unconventional path to entrepreneurship—from her roots in journalism to becoming a single mom working three jobs, to a pay dispute that ultimately led her to launch her own agency with major national clients.This episode is a masterclass in the "social" part of social media. Ingrid explains why genuine, two-way conversations are more critical than ever in the age of AI, how to create content that sparks real engagement, and why you don't need to be on every platform to succeed.In this episode, you will learn:Why you should stop trying to "game" the algorithm and what to focus on instead.How to find your brand's unique voice and personality online.Actionable tips for creating content that encourages comments and conversation.The surprising power of "older" platforms like Facebook for building community.How to know when it's the right time to outsource your social media.Connect with Ingrid Dion:Website: word-craft.ca

Episode 147 - How to Sell a Business Without Selling Your Soul
In this episode, I chat with Gord Stevens, former owner of Uncommon Grounds, Rum Runners, Sugar, and more. Now the COO at Halifax Partnership, Gord shares what it was like to build multiple businesses with heart — and how he eventually transitioned out of ownership without losing what made those businesses meaningful.We cover:Gord’s journey from finance to food and retailWhy creativity and storytelling are business superpowersThe personal challenges of selling a business you loveKey steps to prepare your business for saleHow to keep your business from depending entirely on youThe Real Bottom Line? Your business can be a reflection of your values and a valuable asset — but only if you start building with the end in mind.

Episode 146 - Your Baby’s Ugly – Why Business Owners Need a Wake-Up Call
On this episode of The Real Bottom Line, I sit down with Justin Goodbread, serial entrepreneur, value coach, and author of Your Baby’s Ugly. He’s started and sold seven companies and now helps business owners build scalable businesses that buyers actually want.We dig into what makes a business attractive to a buyer, how to mentally prepare for a sale, and why your exit should start long before you want out.We talk about:Why grit isn’t enough – and what you need insteadThe three types of readiness: business, financial, and mentalWhy coasting into retirement could cost you millionsHow selling your business could unlock a new kind of impactWhat happens when your identity is tied too tightly to your businessJustin shares hard-won lessons from the trenches – and how a coach helped him shift from technician to true business owner.Links & Resources:Justin Goodbread: Relentless Value CoachingWendy Brookhouse: Black Star WealthWhat would your life after business look like? Let's talk about it.

Episode 145 - Stop the Social Media Overload
Guest: M. Shannon Hernandez, Messaging & Marketing Strategist and Founder of Joyful Business Revolution™Episode Summary: Feeling drained by social media? Struggling to see real business results from all your posts? You’re not alone. In this episode, I sit down with M. Shannon Hernandez to talk about a more sustainable, joyful approach to marketing—one that doesn’t leave you glued to an algorithm.Shannon is the Founder of Joyful Business Revolution™, where she helps business owners create organic marketing strategies that align with their values and bring in revenue. With over 25 years in curriculum design and work featured on CBS, ABC, FOX, and NBC, Shannon knows how to craft messaging that connects and converts.We dive into:Why relying solely on social media is a mistake for most business ownersThe power of email marketing and why it should be your primary sales driverHow to simplify your marketing while increasing your resultsThe one-platform-plus-email strategy that keeps your marketing effective and joyfulHow to build true community in your business (hint: it’s not just online)Quotes from the Episode:“One platform that brings you so much joy plus email marketing that drives revenue. That is the perfect blend.” – M. Shannon Hernandez“Publishing more content, yelling louder, or dancing on TikTok won’t fix your marketing if your messaging isn’t landing.” – M. Shannon Hernandez“If they can’t hear you, you can’t help them.” – M. Shannon HernandezConnect with Shannon: Website: www.joyfulbusinessrevolution.comLinkedIn: M. Shannon HernandezResources & Links:Grab Shannon’s free resource: 65 Story Ideas for Better Email Marketing → joyfulbusinessrevolution.com/65storyideasLearn more about The Real Bottom Line Podcast: therealbottomline.caJoin us for our Renew & Recharge Retreat: Exploring the Flavors, Culture, and Creativity of Mexico in September 2025: https://bit.ly/4c53OYKOur Tuscan Retreat is May 2-8, 2026. We don’t quite have the registration page ready yet, but if you are interested in more info, please email us.Enjoyed this episode? Don’t forget to subscribe and leave a review! Your support helps us bring more valuable conversations to business owners like you.What’s your biggest takeaway from this episode? Let’s continue the conversation—connect with me on LinkedIn and share your thoughts!

Episode 144 - How to Build a Brand Story That Sells
Your business has a story—are you telling it in a way that connects, engages, and drives sales?In this episode of The Real Bottom Line, Wendy Brookhouse sits down with Andrea Sampson, storytelling expert and CEO of Talk Boutique, to break down the art and science of storytelling in business. Whether you're pitching investors, marketing to customers, or leading a team, a compelling story can make all the difference.Andrea shares insights from her career in advertising, branding, and coaching TEDx speakers—revealing how entrepreneurs can transform dry facts into powerful narratives that inspire action.What You'll Learn in This Episode:✅ The Power of Storytelling in Business – Why storytelling is more than just marketing; it’s a business essential.✅ What Makes a Story Effective? – The key elements every great story must have.✅ How to Find Your Brand’s Core Story – A step-by-step approach to defining your what, how, and why to craft a powerful brand message.✅ How Storytelling Helps You Sell – How to position your product or service so that customers see themselves in your story.✅ The Common Storytelling Mistakes Entrepreneurs Make – And how to avoid them.✅ Lessons from TEDx – What working with TEDx speakers taught Andrea about crafting short, high-impact stories.✅ AI & Storytelling – How artificial intelligence can help refine your brand story (but why it should never replace human connection).Why This Matters:If you don’t control your brand’s story, your customers will create their own. A strong, well-crafted narrative builds trust, engages your audience, and helps your business stand out in a crowded market.Want to sharpen your storytelling skills? Download Andrea’s Storytelling Toolkit at blackstarwealth.com/storytelling-toolkit.🎧 Tune in now and start telling a story that sells!

Episode 143 - Maximizing Time, Energy, and Confidence for Entrepreneurs
Welcome to The Real Bottom Line with Wendy Brookhouse. In this episode, Wendy sits down with April Roberts, a high-performance coach for female entrepreneurs, to explore her incredible journey from practising law to building and selling a successful financial planning business.What You’ll Learn:How April transitioned careers and built her financial planning firm from the ground up.Insights into selling a business while maintaining client and team trust.The power of intentional planning and the "CEO Calendar" for scaling success.Why rest, energy management, and personal growth are critical for entrepreneurs.How April helps business owners unlock their full potential as a high-performance coach.Memorable Moments:April’s candid stories about life’s curveballs and finding new paths.Lessons in transitioning a family business while safeguarding its legacy.Practical tips on leveraging time and energy for greater productivity.Resources and Links:Connect with April at Vixen Gathering.Join Wendy's Business Value Amplifier Program: https://www.businessvalueamplifier.com/For financial strategies, visit Black Star Wealth.Tune in for actionable insights and inspiring stories!

Episode 142 - Why Humanity and Emotion Are the New Currency in Writing and Business
What makes a story truly unforgettable? It’s the humanity and emotions behind it. In this episode of The Real Bottom Line, I chat with Crystal Adair-Benning, a prolific ghostwriter and storytelling expert, about why the most impactful content comes from real, human experiences.Crystal opens up about her journey, from ghostwriting her first New York Times bestseller at just 14 to redefining her career during COVID. We dive into:Why human-written stories resonate more deeply than AI-generated content.How emotion and authenticity create connections that drive business success.The shift from event planning to becoming a full-time storyteller and creative coach.The power of storytelling as a marketing tool for entrepreneurs and thought leaders.Crystal also shares her belief that emotion is the currency of the future and offers insights into how writers and business owners can stand out by focusing on their unique human experiences.Key Takeaways:Authenticity Wins: Stories told with empathy and authenticity connect with audiences at a level AI cannot replicate.Marketing with Heart: Using your story as a marketing tool isn’t just effective—it’s transformative for your audience.Human Creativity Matters: Creativity isn’t unlocked; it’s already within you. Sometimes, you just need the right guide to find it.Connect with Crystal:Website: www.writewordmagic.comInstagram: @writewordmagicResources Mentioned:Crystal’s Freebie: Bestselling Blueprint (available on her website)Real Bottom Line: Emotions are the ultimate currency. When you tap into the heart of your story, you unlock the power to connect, inspire, and drive impact.

Episode 141 - Building a Business that Lasts: Marketing Insights from Christine Tolton
In this episode of The Real Bottom Line, I sit down with Christine Tolton, CEO of Red Cat Marketing, as she celebrates 20 years in business. Christine shares her journey from corporate to entrepreneurship, the lessons she’s learned, and her top marketing insights for 2025. Discover how to adapt to changing trends, harness creativity, and build a business that thrives.

Episode 140 - Success is Rarely a Straight Line
Success is rarely a straight line—it’s more like a bowl of spaghetti! In this episode of The Real Bottom Line, I chat with Jackie Dinsmore, a lawyer-turned-serial entrepreneur and investor, about her unconventional journey. Jackie shares how she built two successful businesses, navigated high-stakes exits, and disrupted the legal industry with her innovative approach at Caravel Law.We dive into the highs, the challenges, and the lessons learned, covering everything from cash flow struggles in retail to the art of negotiating business sales. Plus, Jackie offers invaluable advice for entrepreneurs on staying resilient, surrounding yourself with the right team, and knowing when to pivot or push through.If you’ve ever wondered what it takes to grow, sell, or reinvent a business, this episode is packed with actionable insights and candid stories you won’t want to miss!Topics Covered:Jackie’s entrepreneurial journey from handbags to kids’ apparelThe challenges of retail cash flow and inventory managementLessons from selling businesses and working with buyersDisrupting the legal industry with Caravel LawPractical advice for entrepreneurs on navigating the messy path to successSubscribe for more insights from entrepreneurs who’ve been there, done that, and are ready to share the real bottom line!📌 Links Mentioned:Connect with Jackie Dinsmore: Caravel Law Website

Episode 139 - Turning Tides in Entrepreneurship: Navigating Post-Pandemic Events
In this special edition of The Real Bottom Line, we’re diving deep into the world of live events and how they’ve evolved since the pandemic. Wendy sits down with three incredible guests—Menna Riley, founder of Leading Ladies Networking, Tyler Hayden, a renowned keynote speaker and author, and Ravi Tangri, a facilitator and expert in soul engineering—to explore how live events can boost your business, the shifts in event structuring, and why connection remains key in the post-pandemic world.Our guests share their personal stories of how they had to pivot during COVID, from taking in-person events online to blending virtual and live experiences. The group also discusses the upcoming Turning Tides Conference and why this event is a game-changer for entrepreneurs looking to learn, grow, and connect in new ways. This is an episode packed with actionable insights, expert advice, and a unique look at the future of live events.Key Takeaways:Pivoting in a Pandemic: Menna, Tyler, and Ravi share how they transitioned from live to virtual events, and how those changes have stuck around in hybrid formats.The Importance of Connection: The pandemic showed us what we missed about in-person interaction. Live events help foster that connection, but they now require a more engaging, interactive format.Engagement is Everything: Ravi discusses how to engage your audience, whether in-person or online, with techniques like open space and World Cafés that keep people connected and involved.Turning Tides Conference: The upcoming conference for entrepreneurs in Nova Scotia offers a unique "unconference" format where attendees will get personalized advice from experts and walk away with an actionable plan for their business.Memorable Quotes:Menna Riley: “Consistency, consistency, consistency—you have to keep doing it or you’ll lose it.”Tyler Hayden: “We’ve been missing a place to come and connect... We want to help create that for Nova Scotia long term.”Ravi Tangri: “I realized the blocks I was putting in my own way... and found suddenly I could do 95% of what I did in person with the same engagement online.”Special Offer:Listeners of The Real Bottom Line can get an exclusive discount for the upcoming Turning Tides Conference. Tune in for details and learn how to attend this unique event designed for entrepreneurs.Resources Mentioned:Menna Riley’s Leading Ladies Networking: https://mennariley.com/Tyler Hayden’s Team Building School: https://www.tylerhayden.com/Ravi Tangri’s Soul Engineering: https://speakerscanada.com/keynote-speaker/ravi-tangri/Turning Tides Conference: https://www.turningtidesconference.caConnect with Us:Website: blackstarwealth.comFacebook: Black Star WealthLinkedIn: Wendy BrookhouseInstagram: @BlackStarWealth

Episode 138 - How to Build a Business That Runs Without You
In this episode of The Real Bottom Line, I sit down with Talmar Anderson, founder of Boss HQ, to discuss one of the most crucial aspects of scaling any business—building the right team. Talmar shares her journey from being the "number two" in law firms to becoming a successful entrepreneur, and she breaks down the key difference between your Dream Team and your Freedom Team.We dive into the mindset shifts business owners need to make, how to stop hiring for potential, and why building a team that works without you is essential for growing—and selling—your business. If you're an entrepreneur looking to step into the CEO role and create a business that runs smoothly without being dependent on you, this episode is for you.Key Topics:Talmar’s personal journey from employee to entrepreneurThe difference between the Dream Team and the Freedom TeamWhy hiring for potential can hold your business backHow to build trust and delegate effectively as a bossThe importance of creating a business that doesn’t rely on you

Episode 137 - Building, Scaling, and Selling: Lessons from Julie Ellis of Mabel's Labels
Episode Summary: In this episode of The Real Bottom Line, I sit down with Julie Ellis, co-founder of Mabel’s Labels, to discuss her incredible journey from corporate life to building an eight-figure business and ultimately selling it. Julie shares candid insights into the challenges and triumphs of entrepreneurship, the importance of speed in a competitive market, and the emotional complexity of selling a business.Key Topics Discussed:Transition from Corporate to EntrepreneurshipJulie’s shift from the corporate world to co-founding Mabel’s Labels.How motherhood sparked the idea for the business.The early days of Mabel’s Labels and how the four co-founders divided responsibilities.Navigating PartnershipsThe dynamics of working with multiple co-founders.Importance of clear roles, communication, and having a shareholders agreement in place.The informal yet structured approach to decision-making that kept them moving forward.First to Market and the Need for SpeedHow being the first children’s label brand in North America drove the need for speed and innovation.Challenges of staying ahead of competitors and the fear of being overtaken by larger companies.Corporate Lessons Applied to EntrepreneurshipWhat Julie learned from her corporate experience that benefited Mabel’s Labels.The balance between process and agility in a growing business.The Emotional and Practical Aspects of Selling a BusinessThe unsolicited offer to buy Mabel’s Labels and the decision-making process that followed.The intense due diligence process and the importance of being well-prepared.Julie’s personal journey post-sale and why she decided to leave the company shortly after.Life After Mabel’s LabelsJulie’s transition to coaching and consulting after leaving Mabel’s Labels.Her focus on helping leaders at inflection points in their careers and businesses.The importance of intentionality and strategic decision-making in business and life.Top Takeaways:Clear Roles and Communication - Establish clear roles and maintain open communication to navigate the complexities of partnerships.Move Quickly, Stay Ahead - Innovate and push forward to maintain a competitive edge, especially when you're first to market.Prepare for the Emotional Impact of Selling - Selling a business is both a financial and emotional journey; be prepared for the challenges of both.How to Connect with Julie Ellis:Visit Julie’s website: https://www.julieellis.ca/Connect with her on LinkedIn: https://www.linkedin.com/in/julie-ellis/

Episode 136 - The Sale Of A 35-Year Business with Donna Alteen
Insights from Selling a 35-Year Business: A Conversation with Donna AlteenIn this episode of 'The Real Bottom Line,' host Wendy welcomes her guest Donna Alteen, a seasoned entrepreneur who shares her extensive experience in running and eventually selling her business after 35 years. Donna emphasizes the importance of early planning, setting up a leadership team, and engaging financial advisors and other professionals well in advance of the sale. She candidly discusses the emotional and procedural aspects of the transition, including the due diligence process and maintaining company culture post-sale. The episode provides valuable insights for entrepreneurs contemplating the sale of their own businesses.00:00 Introduction and Guest Welcome01:14 Starting to Think About Selling02:13 Preparing the Business for Sale04:13 Engaging the Leadership Team06:31 Finding the Right Buyer14:43 Due Diligence Process18:40 Post-Sale Reflections and Advice33:29 Final Thoughts and ConclusionFind Donna on LinkedIn - https://www.linkedin.com/in/donna-alteen-icd-d-6209483/Websitestimespacemedia.com (Company)facebook.com/TimeSpaceMediaLtd (Time + Space Media Facebook)

Episode 135 - Transforming Your Business with LinkedIn with Jon Keel
John Keel's Entrepreneurial Journey and Mastering LinkedInIn this episode of The Real Bottom Line, host Wendy interviews John Keel about his diverse entrepreneurial journey and the valuable lessons he has learned along the way. At 77, John shares his experiences from his three vastly different careers, including the launch and sale of a successful water treatment business. He discusses his transition into the internet business and becoming a pioneer in online marketing before turning his expertise to LinkedIn. John delves into the importance of a well-structured LinkedIn profile, consistent engagement, and the significance of relationship-building over selling. He offers practical tips for small business owners and entrepreneurs to leverage LinkedIn effectively, highlighting the need for patience, consistency, and providing value.00:00 Introduction and Guest Welcome00:18 John Keel's Entrepreneurial Journey02:03 Transition to Online Marketing03:20 Building a Successful Online Business04:14 Impact of the Pandemic and Pivot to LinkedIn05:07 Deep Dive into LinkedIn Strategies09:54 Personal Reflections and Lessons Learned17:18 Optimizing LinkedIn Profiles20:43 Effective LinkedIn Engagement24:09 Consistency and ROI on LinkedIn31:04 Final Thoughts and Contact Information

Episode 134 - Practical advice on choosing secure AI tools
In this episode of The Real Bottom Line, Wendy Brookhouse sits down with Darryl Cresswell, a cybersecurity expert and founder of MyDWare. They discuss the critical issues of data privacy and cybersecurity in the age of artificial intelligence (AI). Darryl shares valuable insights into why small and medium-sized businesses are targets for cybercriminals, the misconceptions about AI and data security, and practical steps business owners can take to protect their sensitive information. Tune in to learn about the importance of hardware, software, and continuous monitoring in safeguarding your business.Key Takeaways:Misconceptions about the vulnerability of small businesses to cyber-attacks.The role of hardware and software in data protection.The risks of using public AI models for sensitive business data.Practical advice on choosing secure AI tools.The importance of having a company-wide cybersecurity policy.

Episode 133 - From Babysitter To Boss - The Journey of a Multi-Entrepreneur
In this episode of The Real Bottom Line, I chat with Alexis, the founder of Dovetail Summit and Two Roads Team Building. We dive into her journey from a babysitting empire inspired by The Babysitters Club to becoming a teacher, consultant, and ultimately a multi-entrepreneur. We explore how personal experiences and life events shaped her path, the importance of building community, and why psychological safety is crucial for team success. Plus, we discuss the challenges and rewards of working with a spouse in business and the importance of answering the call of our lives. Join us for an insightful conversation about entrepreneurship, leadership, and finding purpose beyond the numbers.

Episode 132 - From Corporate Life to Entrepreneurship: Kim Skermer's Journey and Lessons Learned
In this episode of The Real Bottom Line, I sit down with the fabulous Kim Skermer, who transitioned from a high-ranking corporate position to the world of entrepreneurship. Kim shares her unique story of being laid off during a Zoom call at the height of the COVID-19 pandemic and how she turned that experience into a powerful journey of growth and learning.Join us as we discuss:The importance of gratitude and accountability in navigating career changesHow to determine if someone is coachableThe concept of finding calm in the chaos of entrepreneurshipThe mindset shifts necessary for leaving corporate life and starting your own businessKim's insights are invaluable for anyone considering a move to self-employment or looking to enhance their entrepreneurial journey. Don't miss this inspiring and informative conversation!For more information on Kim Skermer and her coaching methods, visit The Approach Coaching Method.If you enjoyed this episode, please like, comment, and subscribe for more content on wealth management, financial planning, and entrepreneurship.#Entrepreneurship #CareerTransition #BusinessCoaching #CorporateToEntrepreneur #MindsetMatters #FindingCalm #KimSkermer

Episode 131 - The Mental Health of Entrepreneurs: Breaking the Silence with Michael Devenney
In this episode of The Real Bottom Line, host Wendy Brookhouse welcomes back Michael Devenney for an in-depth discussion on a crucial yet often overlooked topic: the mental health of entrepreneurs. Michael shares insights from his groundbreaking 2017 Mindset Project survey, which revealed that 68.3% of entrepreneurs experience mental health issues, with a depression rate nearly four times higher than the general population.Michael get into his personal journey with depression, which motivated him to conduct the survey, aiming to uncover whether his struggles were unique or shared by others in the entrepreneurial community. The conversation highlights the deep connection entrepreneurs have with their businesses and how this impacts their mental well-being.As they discuss the results of the initial survey and the ongoing second survey, Michael and Wendy explore the increased isolation and pressure entrepreneurs face today. They talk about the limited action taken despite growing awareness and the continuous challenges of financial health, growth expectations, and the impact of external factors like the pandemic and geopolitical events.Michael emphasizes the importance of seeking help through therapy and leveraging online resources, sharing his positive experiences with therapy over the years. Wendy and Michael also touch on practical strategies for entrepreneurs to manage stress, improve mental health, and foster better work environments.Join us as we break the silence on this vital issue and provide actionable insights to help entrepreneurs navigate the complex landscape of mental health. Visit mindsetproject.ca to participate in Michael's survey and contribute to this essential conversation.

Episode 130 - Building Effective Teams: Insights from Erin Longmoon, CEO of Zephyr Connects
Building Effective Teams: Insights from Erin Long Moon, CEO of Zephyr ConnectsIn this episode of The Real Bottom Line podcast, Wendy interviews Erin Longmoon, the founder and CEO of Zephyr Connects, a company that helps businesses build effective teams. Erin shares her journey into entrepreneurship and the importance of building a valuable company that is not dependent on the founder. She also discusses the common mistakes entrepreneurs make when hiring and provides valuable tips for onboarding new team members. Erin emphasizes the need for a partnership approach when working with a recruiter and highlights the importance of understanding your company's unique culture and core values when hiring. She also shares insights on the recruiting process and the importance of creating a positive and engaging interview experience for candidates. If you're a small business owner looking to build a strong and effective team, this episode is a must-listen!Erin shares her personal journey into entrepreneurship and how she became the founder of Zephyr Connects. She discusses the importance of mindset and overcoming limiting beliefs as an entrepreneur. Erin also highlights the need for intentional and tactical hiring decisions, emphasizing the importance of hiring for culture fit and diversity of skills and experiences. She provides valuable insights on the onboarding process and the importance of integrating new team members into the company's culture and dynamics. Erin also discusses the role of recruiters and provides guidance on when and how to use their services. She dispels common misconceptions about recruiters and emphasizes the importance of a partnership approach when working with them. Erin concludes by sharing tips for effective interviewing and the importance of creating a positive and engaging interview experience for candidates.Design a recruiting process that aligns with your company's needs and cultureFocus on culture fit and core values when hiringCreate a positive and engaging interview experience for candidatesConsider partnering with a recruiter for expert assistanceMitigate expectations and be flexible in the hiring process

Episode 129 - Top 10 Things To Do To Lower The Value Of Your Business
Welcome to "The Real Bottom Line," the essential podcast for ambitious entrepreneurs gearing up for a future business transition. In this unique episode, we take a tongue-in-cheek approach to explore the pitfalls that can make a business unsellable. Drawing inspiration from Rob Normandeau's engaging presentation at the Business Transitions Forum, we dive into the top 11 missteps that could lock the doors on your business's marketability. From the perils of dictatorial leadership to the financial haziness of flying blind, each point is a playful yet poignant reminder of what not to do. Join us as we dissect these cautionary tales with humor and insight, providing you with an unconventional perspective on enhancing your business's value. Whether you're planning to sell soon or just aiming for growth, this episode will equip you with the knowledge to steer clear of these common traps.

Episode 128 - From Franchise to Finance Minister: Cathy Bennett's Entrepreneurial Journey
In this inspiring episode of "The Real Bottom Line," host Wendy Brookhouse is joined by serial entrepreneur Cathy Bennett, whose extensive career ranges from successfully running the largest female joint venture in Canada within the McDonald's franchise system to serving as the Finance Minister of Newfoundland. Cathy shares invaluable insights into the lessons learned from her time in the fast-food industry and how these experiences propelled her into a diverse array of business ventures, including construction, real estate, and even venture capital through Sandpiper Ventures, focusing on empowering female entrepreneurs. Throughout the conversation, Cathy emphasizes the critical importance of strategic exit planning, the power of mentorship, and the necessity of fostering a supportive team. Her journey not only highlights the multifaceted nature of entrepreneurship but also sheds light on the unique challenges and opportunities faced by women in the business world.Key Takeaways from the Episode:The Value of Franchise Experience: Cathy attributes much of her success to the foundational skills and disciplines learned from the McDonald's franchise system. "You get to refine your problem-solving and your strategic thinking very significantly with that type of intensity."Diversification and Opportunity Seizure: From owning McDonald's franchises to launching a venture capital firm for women, Cathy's journey underscores the importance of seizing opportunities and diversification. "Where I saw an opportunity that financially made sense, and where our team had the capacity to expand, we expanded."Strategic Exit Planning: Cathy advises entrepreneurs to start planning for the sale of their business from day one. "The day you buy a business, you should really be thinking about it... because at some point, that time is inevitable."The Importance of Team Building: Highlighting the role of her team in her success, Cathy stresses the importance of hiring people who complement your skills and weaknesses. "Just because you see it quick doesn't mean you see it right."Challenges for Female Entrepreneurs: Cathy discusses the bias in venture capital and the challenges women face in accessing capital. "Only 2 percent of venture capital money actually ends up with women... there is bias in decision making."Mentorship and Empowerment: Cathy shares stories of mentorship and its impact, emphasizing the importance of empowering the next generation. "It was a similar path that I walked when I didn't have the capital, but ultimately a partnership was an opportunity for me."Quotes from Cathy:On making decisions: "It's really difficult not to make really quick decisions when every lunch hour... is a make-it or break-it type of experience."On the importance of a supportive team: "If we became stagnant, then the opportunities for [the team] became stagnant."On entrepreneurial mindset: "I got really aggressive on opportunity... it provided more opportunities for that team."On diversity in venture capital: "We investing in companies that are trying to solve very, the biggest problems of the world today."

Episode 127 - Entrepreneurship and Leveraging Freelance Talent with Sandra Reimer
In this episode of "The Real Bottom Line," host Wendy welcomes Sandra Reimer, an experienced entrepreneur and founder of CoLabourNation. The discussion delves into the nuances of entrepreneurship, storytelling in marketing, and the burgeoning world of freelance talent. Key Points:The Evolution of Storytelling: Sandra discusses how storytelling in marketing has evolved with new tools, stressing the need for authenticity and considering the audience's perspective.Launching CoLabourNation: Sandra explains her motivation for starting CoLabourNation in 2020, driven by her desire to help others leverage their strengths in entrepreneurship. The platform focuses on connecting freelancers with business owners.Challenges in Hiring Freelancers: The conversation shifts to the challenges business owners face in hiring freelancers, such as finding trustworthy talent and understanding their own needs.Vetting Freelancers: Sandra details her process for vetting freelancers, looking for continuous learners with aligned personal and professional interests to ensure a perfect match with business owners.The Rise of Freelancing: The discussion touches on the increasing trend of freelancing, attributed to individual desires for meaningful work and the challenges businesses face in hiring full-time employees.Final Advice: Sandra advises entrepreneurs to understand their strengths, identify energy-draining tasks, and consider hiring freelancers to focus on high-value activities.About Sandra Reimer:Bio:Sandra Reimer is a dynamic Marketing Matchmaker, adept at connecting overwhelmed business owners with top-tier Canadian freelancers. Her venture, CoLabourNation, is pivotal in accelerating success for entrepreneurs by facilitating outsourcing in marketing and administration. With a rich experience spanning two decades, Sandra has carved a niche in helping world-changers articulate their narratives as a freelance communication strategist. Her influence extends to her roles in co-organizing Communitech’s Future of Work & Learning Peer-to-Peer Group and serving on the Conestoga College Entrepreneurship Collective Advisory Board as a Freelancer Evangelist. Her work with startup founders through Boundless Accelerator and Innovate Niagara showcases her commitment to nurturing entrepreneurial talent.Her Story:Sandra's entrepreneurial journey began 20 years ago as a writer, editor, and communication strategist. Initially handling both content creation and design, she soon realized that her strength lay in storytelling, not design. This epiphany led her to collaborate with a graphic designer, enhancing the quality of her services, client satisfaction, and her ability to sell these services. This experience was Sandra's first lesson in identifying and focusing on her highest value activities - tasks where passion, performance, and pay intersect.As she honed her skills, Sandra expanded her collaboration with professionals like website designers and other writers, embodying the essence of technicians collaborating to boost revenue. Gradually, she shifted towards higher-value work, embracing the roles of manager and CEO by hiring virtual assistants for administrative tasks. This evolution in her professional identity was crucial in freeing her to focus on areas where she excelled.Three years ago, Sandra embarked on a new venture with CoLabourNation, leveraging her expertise to match business owners with freelancers skilled in marketing and administration. She understands the challenges entrepreneurs face, such as being trapped in technician roles or needing skills outside their expertise, particularly in the increasingly complex field of marketing.Topics of Interest:Sandra is keen to discuss several key areas:Owner Identities: Understanding the different roles an entrepreneur plays - Technician, Manager, and CEO - and what it takes to transition between these identities.Levels of Delegation: She emphasizes the importance of delegation, outlining levels from basic task execution to complete ownership, crucial for business growth and personal development.The Challenge of Onboarding: Sandra recognizes the struggle entrepreneurs face in finding and integrating the right people into their businesses.Understanding Your Zone of Genius: She advocates for tools like Working Genius, Clifton Strengths, and The Stand Out Assessment by Marcus Buckingham to help entrepreneurs discover and leverage their unique strengths.Sandra Reimer's journey and insights offer invaluable lessons for entrepreneurs striving to balance their roles, delegate effectively, and operate within their zones of genius. Her expertise in connecting business owners with the right talent underscores her commitment to fostering entrepreneurial success.Connect with Sandra: Listeners are encouraged to connect with Sandra on LinkedIn or visit the CoLabourNation website for more information.Conclusion:This episode offers valuable insights for entrepreneurs looking to grow their businesses, h

Episode 126 - Navigating Entrepreneurship and Global Mobility with Sophia Hoareau
In this insightful episode of The Real Bottom Line, host Wendy delves into the entrepreneurial journey of Sophia Hoareau, a seasoned entrepreneur who successfully built and sold her business. Sophia's story is a rich tapestry of ambition, strategic growth, and adaptability, offering valuable lessons for entrepreneurs at various stages of their business lifecycle.Sophia's entrepreneurial spirit was ignited at a young age, influenced by her family and her early business ventures. Her professional journey began in the insurance industry, but her entrepreneurial aspirations led her to co-found a business in the relocation industry, leveraging her background in Canadian immigration. Her company specialized in providing comprehensive destination services to expatriates relocating to Canada, including housing, work permits, and community integration.The podcast highlights the challenges and triumphs of Sophia's business journey, emphasizing the importance of a CEO mindset and strategic planning. Sophia shares her experience in scaling her business, focusing on quality service and maintaining a work-life balance. Her approach to business growth was methodical and ambitious, aiming to double revenue annually, a goal they impressively achieved.A significant portion of the episode is dedicated to discussing the intricacies of selling a business. Sophia candidly shares her initial reluctance to sell and how she navigated the complex process, emphasizing the importance of being well-informed and building a strong advisory team. She stresses the value of negotiation in the sale process and the emotional journey of letting go of a business she nurtured from the ground up.Post-sale, Sophia took a brief hiatus before launching her consulting and coaching business, Conseil Waro Inc. Her new venture focuses on business strategy and international mobility consulting, drawing on her extensive experience in the relocation industry.Key takeaways from this episode include the significance of building a supportive team, both in running and selling a business, and the importance of self-awareness and continuous learning in entrepreneurship. Sophia's journey is a testament to the power of resilience, strategic thinking, and the ability to adapt to changing circumstances in the world of business.Listeners can connect with Sophia for expertise in international hiring and business strategy, gaining insights from her rich experience in entrepreneurship and global mobility.Sophia's BioA true entrepreneur at heart, at the age of 11, Sophia seized her first opportunity to solve a problem when her family returned to live in the Seychelles after immigrating to Canada 7 years earlier. She started selling healthy sandwiches and homemade popcorn during recess to replace the junk food offered in the schoolyard!Her life journey inspired her to study Immigration first and then Business Management at the HEC of Montreal. She began her career in an immigration and relocation agency as well as a training centre helping new comers launch their business.At the age of 28, she moved on to a more significant challenge: the labour shortage in Canada. She co-founded a company specializing in the relocation and integration of foreign workers to address the pressing labour shortage.Sophia set a goal to double her company's revenue every year, which she achieved with her partner and team. This goal was accomplished through her hard work and dedication to both her business and family balance. The fact that the success of her company resulted in a seven-figure acquisition agreement is a testament to her leadership and strategic vision.Passionate about entrepreneurial challenges, Sophia has become a sought-after strategic partner by her clients to foster their success and growth. Connect with Sophia on LinkedIn: https://linkedin.com/in/sophia-waro

Episode 125 - Breaking Free from Business Prison: A Journey to Entrepreneurial Mental Health
Today, we're going on a journey back in time, revisiting an interview that struck a powerful chord with our audience - a conversation I had with the incredible Michael DeVenney about a year or so ago.So, you might be wondering why this rewind is so important. Well, it all ties into a hot topic we've been discussing recently - breaking out of the business prison we often find ourselves trapped in. You see, this interview with Michael, it wasn't just any interview; it was one of our most popular episodes, and for a good reason. We tackled a subject that doesn't get nearly enough attention in the business world: entrepreneurs and their mental health.As entrepreneurs, we're often so focused on building our businesses that we forget to take care of ourselves. And this, my friends, can have a profound impact on our mental well-being. It can lead to a cocktail of less-than-positive feelings about our business and, even worse, push us to make decisions driven by exhaustion and overwhelm rather than sound long-term strategies.That's why, to complement this episode, I've designed a challenge tailored specifically for entrepreneurs like you. It's a chance to revolutionize the way you run your business and, more importantly, safeguard your mental health. You'll find all the details about this challenge in our show notes, so make sure to check it out.So, without further ado, I invite you to dive back into this enlightening replay with Michael DeVenney. Let it serve as a mirror reflecting your own journey as a business owner, and start thinking about your own mental health. Are there steps you need to take to ensure you're thriving, not just surviving, in the entrepreneurial world? Join me in this episode, and let's unlock the path to a healthier and more prosperous business future, together.

Episode 124 - 11 Business Prison Escape Tips
In this entrepreneurial podcast, the host delves into how business leaders often feel trapped in their own enterprises and offers 11 strategies to escape this 'business prison.' The strategies include creating a query diary for the team, listing team members alphabetically rather than by title, taking a teammate along for client meetings, simulating parental leaves to identify gaps, communicating company values frequently, documenting the sales and onboarding processes, and simplifying business operations. The host also advises limiting customization, creating marketing funnels, niching down for clearer messaging, and potentially eliminating products or services that only the leader can deliver. Not all strategies may apply to everyone, but choosing even one could bring in rewarding results.00:11 Introduction to Breaking Out of Business Prison00:19 Understanding the Concept of Business Prison01:22 Strategies to Escape Business Prison: Creating a Question Diary01:54 Strategies to Escape Business Prison: Listing Employees Alphabetically02:21 Strategies to Escape Business Prison: Not Going to Client Meetings Alone02:58 Strategies to Escape Business Prison: Pretending to Go on Parental Leave03:41 Strategies to Escape Business Prison: Communicating Company Values04:34 Strategies to Escape Business Prison: Documenting Your Sales Process05:27 Strategies to Escape Business Prison: Limiting Complexity05:57 Strategies to Escape Business Prison: Avoiding Customization06:27 Strategies to Escape Business Prison: Designing Marketing Funnels07:05 Strategies to Escape Business Prison: Niching Down07:41 Strategies to Escape Business Prison: Dropping Certain Products and Services08:07 Conclusion: Choosing the Right Strategy for Your Business

Episode 123 - Lessons from Angela: Resilience and Entrepreneurial Success
Introduction:Welcome to another insightful episode of "The Real Bottom Line". In this enlightening episode, we delve deep into the entrepreneurial wisdom of Dr. Angela Mulrooney, a multifaceted professional who transitioned from dentistry to become an extraordinary business coach and consultant. Angela brings forth a treasure trove of practical lessons that she has garnered through her rich and diverse journey of entrepreneurship.Key Takeaways:Resilience is a Skill:Resilience doesn’t always mean bouncing back quickly. Angela’s journey epitomizes that resilience is about granting ourselves the grace to navigate through adversities and challenges at our own pace.Scientific Approach to Business Concepts:Angela emphasizes the significance of adopting a scientific approach towards evaluating business concepts and ideas, advocating for thorough testing before fully committing to their execution.Leveraging Social Media:Exploiting social media for product testing is underscored as a vital strategy. A focus on measurable calls to action over vanity metrics is accentuated to ensure the strategic alignment with profitability objectives.Focus and Strategic Simplification:Angela’s journey underscores the power of focus and simplification. Through thoughtful reflection, she identified her zones of genius, enabling her to streamline her offerings and work more effectively and joyfully.Structuring and Scheduling for Success:Planning and structuring the day is highlighted as crucial. Angela’s strategic scheduling has been instrumental in enabling her to cultivate a balanced and fulfilling entrepreneurial life.Managing Inner Gremlins:Learn about managing the inner gremlins, those limiting beliefs and voices that could potentially thwart our progress. Angela shares the unique approach of naming these gremlins to manage them better.Conclusion:This episode is a goldmine of entrepreneurial wisdom, brimming with practical insights and strategies to foster business growth and personal development. Dr. Angela Mulrooney exemplifies a powerful narrative of transformation, resilience, and triumph, inspiring entrepreneurs to optimize their paths towards achieving their ideal business landscape.

Episode 122 - Crafting Her Ideal Life: The Inspirational Odyssey of Angela Mulrooney
What steps would one take to construct a life that resonates with their utmost passion and potential? Angela Mulrooney didn't just ponder this; she actively sculpted her destiny, turning challenges into stepping stones to her dream life. In our latest episode titled "Crafting Her Ideal Life: The Inspirational Odyssey of Angela Mulrooney," she delves into how she transitioned from a renowned dentist to a dynamic entrepreneur. When faced with an unexpected central nervous system challenge, Angela did not concede defeat. With unparalleled tenacity, she founded the Unleashed Dance Company and embarked on numerous entrepreneurial ventures, epitomizing her zone of genius. Engage in a conversation brimming with insights as Angela unfolds the heart of crafting one's ideal life. Absorb the lessons from her path, including confronting fears, harnessing the audacity to reimagine oneself, and deploying potent strategies infused with deep-rooted wisdom and experience.Essential Takeaways:Angela's exciting pivot from dentistry to diverse entrepreneurial endeavors.The inception of "Unleashing Influence" as a touchstone of evolution in trying timesReal-world confrontations, and the art of aligning grand visions with pragmatic insights.The transformative “sticky note exercise” that fostered focus, clarity, and prioritization in turbulent times.For those eager to architect their own ideal journey or are at pivotal career junctures, Angela's story is a goldmine of wisdom and actionable lessons. Are you primed to discover pathways to your perfect life and unparalleled success? Dive into Angela's compelling tale for a dose of inspiration and invaluable strategies.

Episode 121 - Maximizing Your End Game
In this enlightening episode of "The Real Bottom Line," we delve deep into the concept of the 'end game' in business. What are your ultimate goals as an entrepreneur, and how do these objectives shape the strategies you employ in growing your business? Our host categorizes entrepreneurs into three types: those replacing a job, those funding a lifestyle, and the ambitious growth-seekers. We explore five potential 'end games' or exit strategies that every entrepreneur should contemplate. From scaling your business, passing it on to family or employees, stepping up as the chairman of the board, or even closing up shop - we cover it all. Our host emphasizes the importance of creating a business that can thrive even in your absence, ensuring that you have various options available when deciding your business's ultimate path. This episode is rich with insights, encouraging entrepreneurs to be strategic, consider the impact of their business decisions, and ultimately, maximize their end game opportunities. Whether you're just starting or looking to redefine your business journey, this episode is a crucial guide to understanding and planning for the future of your entrepreneurial venture. 🚀

Episode 120 - Breaking Out of the Business Jail You Built
Welcome to Season 4 of "The Real Bottom Line"! In this episode, we dive deep into the "Hub and Spoke" model, exploring the challenges many business owners face when they become the sole linchpin of their organization. If you've ever felt trapped, overwhelmed, or on the brink of burnout, this episode is for you. We discuss: The dangers of being too entrenched in your business.The importance of crafting your ideal day.Unlocking your unique genius and focusing on what you do best.Strategies for delegating tasks and hiring the right talent.Insights from Sheila Cummings on hiring at the strategy level. Discover how to make your business more valuable, ensure it can run without you, and truly understand the real bottom line. It's time to break free and transform your business into the asset it's meant to be! Take the challenge: https://www.bottlenecktobreakthrough.com

Episode 119 - Defining True Wealth
In this episode, we explore the true essence of wealth and the freedoms that come along with it. While staying at a dream lakeside home in Ontario, our host delves into the enriching experiences and lessons from Anthea, a successful businesswoman. Together, they demystify the concept of wealth, pondering whether it's just about money or if there's more to it. Drawing inspiration from figures like Steve Jobs and insights from Strategic Coach Dan Sullivan, they discuss the intertwined freedoms of time, money, relationship, and purpose. Business owners will find particular resonance in the discussion on the "owner's trap" and the journey from being an integral part of the daily operations to a visionary CEO. By the end, listeners are encouraged to redefine their vision of a "wealthy life," focusing on relationship richness, personal freedoms, and business autonomy. For those intrigued by the idea of amplifying their business value while maintaining a work-life balance, Wendy offers an opportunity to collaborate. Reach out to [email protected] and let's embark on this journey together!

Episode 118 - Building Business Value: From Nanny Payroll to $54 Million
Welcome to the latest episode where we unpack the key drivers that make your business more valuable. We dive deep into the inspiring journey of Stephanie Breedlove, an accountant turned entrepreneur who capitalized on a gap in the U.S. nanny payroll system and grew her business to a staggering value. Through her story, we uncover the magic of monopoly control and how businesses can leverage their unique strengths to maximize their market value. But that's not all, as this episode goes beyond just one success story. We delve into the metrics that truly matter, challenging the conventional wisdom of just "increasing sales" or "cutting expenses". We introduce the concept of the manager versus the owner mindset and the pitfalls of the "owner's trap". This transformational shift in perspective can mean the difference between a business worth $2.8 million and one worth $5.6 million. We also highlight the importance of the Switzerland structure - a business not heavily dependent on any single client, employee, or supplier. How does this neutrality benefit businesses in the long run? We break it down for you. Lastly, we touch upon the significance of the net promoter score, a single question that can determine your business's potential to outperform the market. Join us as we shed light on these eight distinct drivers that can substantially elevate the value of your business, ensuring that when it's time to cash in, you get the most bang for your buck. If you're an entrepreneur or business owner looking to amplify the value of your enterprise, this episode is a goldmine of insights you won't want to miss!

Episode 117: Unmasking Success: Rewiring Your Inner Game with Monica Buzhanov
**Podcast Episode Description:** In this gripping episode of "The Real Bottom Line," Wendy welcomes the inspiring Monica Buzhanov straight out of Sweden. Monica reveals her personal journey, detailing a crucial point in her life referred to as "Monica's big breakdown." Dive into Monica's transformation from burnout and depression to a realization about her energy. The discussion touches on the subconscious, patterns from our past, and how they can silently shape our present. Monica emphasizes the significance of understanding these patterns, particularly when it comes to our relationship with money. Discover how generational trauma can span across multiple generations and the role it plays in our daily lives. This episode is a deep dive into the intricacies of the mind, the power of the subconscious, and the path to self-awareness and healing. Don't miss it! Find Monica At monicabozinov.com https://www.linkedin.com/in/monicabozinov/

Episode 116: The Power of Women’s Stories: A Conversation with Photographer Brad Walsh
Brad Walsh is a successful photographer who laid the groundwork for his podcast in 2019 but didn’t launch it until the pandemic shut down his business. What makes this story so interesting isn’t that his podcast is in the top 3%, but that he has done so while creating a platform for women’s stories. Talk about allyship! Telling these stories is a huge passion for Brad and we discuss how this came about and The importance and responsibility we all have to tell our storiesWhy mentors and coaches can be game changersWho should consider becoming a podcaster and howWhy asking for help is a sign of strengthHow often should be updating your headshot We cover a lot of ground in this fascinating interview that I know you will enjoy. How to find Brad: https://www.empowerographypodcast.com https://www.instagram.com/empowerographypodcast https://www.facebook.com/groups/empowerographypodcast

Episode 115: Overcoming Burnout and Prioritizing Self-Care in the Entrepreneurial Journey with Rebecca Bitton
So many entrepreneurs struggle with mental health – quietly, afraid to acknowledge and certainly not to discuss it. Rebecca Bitten was a successful marketing consultant before she burned out. Not looking after herself led to a months-long hospital stay -where she met other entrepreneurs who had all the outward trappings of success, but had burned out. And that is when Rebecca realized her true calling – to become a mental health coach for entrepreneurs. This episode delves into The cost of not listening to your bodyDefining sustainable success and creating your own definition of successThe roots of WorkaholismSigns of Physical and emotional BurnoutDifferent strategies for self-care.