Blog - SMI Financial Coaching

Start Up + Organization

Woman writing a business plan on a laptop with red nail polish on, and a coffee cup.

How To Write a Business Plan

This one document could change the trajectory of your business. Discover how to write a business plan, including examples and what to put in it. Have you ever sat down to create a business plan? Lots of small business owners skip over this critical step. But it’s so important. If you haven’t established one yet,…

Business coach sitting in living room with woman discussing finances.

How to Become A Financial Coach

Do you enjoy helping people with their finances? If you have ever wondered how to become a financial coach and start your own business, then read on! This guide is just for you. Starting your own business is both rewarding and overwhelming at the same time. You can set your own hours and there are…

3 Keys to Success When Hiring Employees

Do you currently have employees? If you don’t, this is the best time to be reading this post. If you do have employees or freelancers, what has been your biggest challenge? I’ve seen businesses flourish when they have a star employee, but struggle and sometimes fail when their star employee quits. It can be stressful,…

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Finance + Taxes

How to Read a Profit and Loss Statement

Do you know how to read and understand your profit and loss statement? I’ll explain what a profit and loss statement is and how to read one. Being familiar with a profit loss statement is crucial for any business owner. This one report will show you how to earn more money in your small business…

How Do You Build Business Credit?

How do you start building and establishing your business credit? Do you know why you weren’t approved for that business loan that you recently applied for? Business credit doesn’t work exactly the same a personal credit, so you’ll want to understand the key differences. Otherwise, you might not get the best terms or interest rates…

How to Create a Business Budget

Discover how easy it is to create a business budget you can stick to. This is the secret to knowing exactly what is happening with your business and what your bottom line needs to be month over month. Create a budget that you can modify on a monthly basis without feeling suffocated or annoyed. I’ll…

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Products + Services

How to Earn Money with Affiliate Marketing

If you have a small business or an influential blog, you can earn extra income with affiliate marketing. This affiliate marketing for beginners post will show you why this is a viable option for many businesses, and how to begin. When you started your small business, you probably focused on being great at your one…

7 Tips for Getting Testimonials to Boost Business

How many prospects and clients have decided to reach out and work with you based on testimonials and online reviews? Testimonials are powerful ways to building credibility for your business and brand. The best time to ask for a testimonial and review is shortly after your client has experienced a success and big win after…

The Surprising Secret to Accelerate Your Small Business Success

Are you spending money on the right areas of your business that will make a difference in your bottom line? Many small business owners tend to spend money on the wrong things to grow and maintain their businesses. Or they don’t invest in the right products and services at the right time to create the…

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Tools + Resources

Small business accountant doing bookkeeping calculations

Do You Need A Bookkeeper or CPA?

When you own a small business, who do you hire to handle your finances? Learn whether to hire a bookkeeper or a certified public accountant (CPA) and what the difference is between them. “I don’t want to deal with the finances. I would rather make more money and hire someone to do it for me.”…

Financial planner shaking hands with new client

What’s the Difference Between a Financial Advisor and a Financial Coach?

When you need financial advice for your business, should you hire a financial advisor or a financial coach? And what is the difference between the two? Let’s look closely at each one and help you decide which is best for you and your small business. Financial Advisor If you want or need professional advice about…

Woman working on email marketing on a laption

Why You Need to Invest in An Email Marketing Tool

If you want to increase your sales, you need an email marketing tool that works hard, so you don’t have to. Modern email marketing software goes way beyond just being able to schedule an email blast. Personally, I consider email marketing to be one of the most invaluable means of communication in my own business.…

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Inspiration + Success

7 Tips Before Investing in Vendor Booths

Conferences and trade shows can be a great way to showcase your company’s products and services. I’m a huge advocate for attending small business conferences to build your network of colleagues and potential prospects. The costs to attend a conference should be viewed as an investment in your business, especially if your ideal target audience will…

15 Lessons Learned from CampFI

I’m a huge fan of attending small business conferences. The ability to disconnect from your day-to-day routine to learn and build relationships with colleagues and influencers is always worth the investment, and I recommend adding conferences as a line item in your continuing education budget. While my must-attend each year is a financial media conference…

9 Tips to Getting Invited to VIP Events

Have you ever been to a conference and wondered how some people get invited to special VIP events and dinners by brands and key influencers? I know how it can feel to be an outsider, especially as a new attendee to a conference. As a newbie, it can seem like everyone already knows each other,…

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