14. Creating Financial Stability For Your Pet Biz: With Tricia Ong From Mintrix Business Advisory Pet Biz Project podcast

14. Creating Financial Stability For Your Pet Biz: with Tricia Ong from Mintrix Business Advisory

1y ago 45:58

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Welcome to Episode 14 of the Pet Biz Project, where Tarryn sits down with Tricia Ong to chat about the fundamental steps to creating a stable, steady financial environment to protect your pet business success.
Tricia Ong, founder and business management advisor at Mintrix Business Advisory, joins Tarryn to discuss the importance of knowing your numbers in your business, and how to manage the rising cost of living impacting on many areas of your business - both now and in the future.
They also talk about developing cash buffers and understanding seasonal fluctuations, to prepare for highs and lows, as well as utilising tools like Google Sites and AI programs such as Chat GPT to improve efficiency.
Topics touched upon in this episode also include:

Understanding the difference between cash and profit
Building cash buffers and forecasting cashflow
Delegating tasks and building a support network
Taking breaks and finding balance
Differentiating from competitors and targeting a specific niche
Seeking help from mentors, advisors, and professionals in areas of weakness
Showing value rather than engaging in price wars with your competitors

Plus much more!
Tricia's links:
Mintrix Business Advisory Website: www.mintrix.com.au

Tricia's LinkedIn: https://www.linkedin.com/in/triciaong1/
And additional links to resources discussed in this episode:
Free downloadable on Cash Flow: https://mintrix.com.au/resources/ebook-strategies-cashflow/

Open ai & ChatGPT: https://openai.com/

Connect with us:
Instagram: https://www.instagram.com/Pet_Biz_Creatives/

Facebook: https://www.facebook.com/petbizcreatives

YouTube: https://www.youtube.com/channel/UCzi1Sdhxb3CqxaGvz-fZfCA

LinkedIn: https://www.linkedin.com/company/pet-biz-creatives/

Website: https://petbizcreatives.com/

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15 episodi