Profit First, Cash Flow, & Calculated Risk for Small Businesses with Megan Schwan

In this episode of Strategy, Solutions, and Sanity, host Samantha welcomes financial expert Megan Schwan. Megan shares her inspiring journey from being a teen mom to becoming a successful business owner. She discusses the importance of fostering a supportive culture, embracing calculated risks, and using the Profit First method to manage business finances effectively. Megan also highlights her personal experiences, including overcoming challenges like divorce and moving across the country, all while maintaining a growing business and raising four children. Tune in for valuable insights on resilience, business strategy, and financial empowerment.

00:00 Introduction and Show Overview

00:16 Meet Megan Schwan

02:22 Megan's Journey: From Teen Mom to Business Owner

05:20 Balancing Family and Business

10:31 The Importance of Calculated Risks

16:13 Trusting Intuition in Business

20:41 The Drive Behind Determination

22:15 Major Life Changes and Business Flexibility

22:56 The Importance of Grit and Determination

24:12 Navigating a Saturated Market

30:36 The Concept of Profit First

40:09 Implementing Profit First: A Personal Journey

44:18 Final Thoughts and Gratitude