We build a great business, we have a consistent and solid revenue stream from our boutique, but then what? Is the plan to sell the business, or to generate enough revenue to feed into other investments—or something else entirely? Dominique Broadway, personal finance expert, money therapist, entrepreneur, and founder and CEO of Finances Demystified, joins me today to answer the question: what is the long-term plan for the business we are creating today?
Get comfortable and listen in as we dive into some of the common misconceptions about investing and protecting yourself long-term with wills, trusts, and real estate. You’ll also hear about how your investments fit into your long-term business and wealth goals, what we all need to know about our money mindset before we start investing, and how to start investing by growing what you already have.
>>Finance 101: How to Build Wealth as a Boutique Owner– LISTEN NOW ON iTunes <<
>>Finance 101: How to Build Wealth as a Boutique Owner– LISTEN NOW ON Spotify <<
See the Full Boutique Chat Podcast Website here
Watch the interview on YouTube:
What You’ll Learn From Finance 101: How to Build Wealth as a Boutique Owner
- Dominique’s journey to starting her business.
- What everyone should know about investing.
- How our money mindset plays into our wealth-building.
- How to unravel your negative money mindset.
- How to grow what you already have.
- The don’ts of investing.
- What it means to be a fiduciary.
- The importance of preparation.
- What Dominique’s smartest clients have in common.
Resources Featured In This Episode:
- Dominique Broadway: Website
- Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class – Do Not! by Robert Kiyosaki
- The Game of Life and How To Play It by Florence Schovell Shinn
Favorite Quotes from Dominique Broadway
“It’s nearly impossible to help anyone create a plan without knowing where you are currently.” – Dominique Broadway [9:00]
“A lot of people don’t believe that they can be wealthy, that they deserve to be wealthy, that it is possible for them.” – Dominique Broadway [9:30]
“There’s nothing wrong with honing in and really getting that one thing to the next level.” – Dominique Broadway [17:35]
Join the Hub for more training, information, and connections.
www.theboutiquehub.com/join
Use the hashtag #AskAshley on Instagram, or tag her at @ajalderson or @theboutiquehub to suggest topics for the podcast and let us know what you thought about this episode!
Do you love the Boutique Chat Podcast?! Subscribe to our podcast and after that, leave us a review on iTunes Apple Podcasts here!
Original Air Date: November 1st, 2022
Do you love the details of Finance 101: How to Build Wealth as a Boutique Owner? Let us know what you think about our show and help spread the word about the #BoutiqueChat Podcast.
Recent Posts:
- Five Minute Friday: 3 CEO Shifts for Working Moms
How do you build a business while raising a family without feeling like you’re failing at one or the other? For many working moms and boutique owners, the pressure to balance motherhood and entrepreneurship can feel overwhelming. The truth is, the idea of perfect “balance” doesn’t really exist. Instead, it’s about understanding the season you’re… Read more: Five Minute Friday: 3 CEO Shifts for Working Moms - Custom Packaging: What I’ve Learned After Seeing It All in a 3PL
Guest Blog from Senderoo Custom packaging is one of the most common topics brands ask us about and for good reason. Everyone wants their products to feel special when they arrive at a customer’s door. As a boutique 3PL, we see all types of packaging come through our warehouse. Beautiful, well-thought-out packaging that works brilliantly… Read more: Custom Packaging: What I’ve Learned After Seeing It All in a 3PL - #802: The Financial Foundations Every Retailer Needs to Get RightNumbers do not have to be the part of business you avoid. Ashley is joined by Christyne Gray of She Profits Now, for a practical & helpful conversation on the money side of running a Boutique – bookkeeping, cash flow, inventory planning, and tax preparation for boutique owners. They unpack the financial basics every retailer… Read more: #802: The Financial Foundations Every Retailer Needs to Get Right
