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:
- 3 Mistakes That Will Ruin Your Conversion Rate (And How to Fix Them)
As a small business owner, there’s one metric that stands above all others when it comes to measuring the success of your online store: conversion rate. Whether you’re driving traffic through social media, email campaigns, or organic search, your conversion rate is the key indicator of how well your website is turning visitors into paying customers. But even the most dedicated business owners can make mistakes that severely impact this crucial metric. Let’s dive into three common mistakes that can tank your conversion rate—and how to fix them. - The Vision Board Effect: How to Design Your Dream Life
Are you ready to design your future? As we step into 2025, now is the perfect time to reflect on who you want to be and what you want your life to look like. So, in this Five Minute Friday episode, we explore the power of vision boards—why they work, how they help you stay focused, and how to use them to turn your dreams into reality. Tune in to discover how a vision board can be the first step in creating the life you truly desire. - What to Expect: The Boutique Summit 2025The Boutique Summit is just around the corner, and we’re here to make sure you’re fully prepared for an unforgettable experience! Whether you’re a first-time attendee or a seasoned pro, this blog is your go-to guide for everything you need to know about the event. Attendees, save this post to reference later as you plan your trip, and if you haven’t grabbed your ticket yet, don’t wait—secure your spot now and join us for the ultimate boutique business event of the year!
