Overcoming Financial Challenges as An Entrepreneur: 15 Lessons Learned - Grit Daily News
Navigating the financial hurdles of entrepreneurship is a common challenge, and we’ve gathered insights from CEOs and Founders to share their personal experiences and strategies. From balancing cash flow with upfront deposits to establishing financial boundaries early, explore the diverse approaches in these fifteen answers that can help you manage your business’s finances more effectively.
I think one of the biggest challenges is knowing when to hire your first, second, and third employees. I chose to do it early to ensure I could scale. But it was definitely scary from a financial perspective. That said, as an entrepreneur, the whole thing is a big bet on yourself, so why not keep the momentum going?
Practically, I first hired an assistant to take tasks off my plate that weren’t revenue-generating but were eating up my time. Next, I hired a marketing coordinator for the same reason. Third, I hired someone who could do what I was doing to generate more revenue. It’s proven to be successful for me.
Kerri Roberts
Founder & CEO, Salt & Light Advisors
10 Business Leaders Discuss the Role of AI in Company Culture - Grit Daily News
Maximize Marketing and Financial Efficiency
We utilize AI for a number of tasks, the largest of which is in the marketing realm. I write an email weekly to my subscribers. My Marketing Coordinator takes that email and throws it into AI to convert it to a blog post, as well as generate five social media captions.
It doesn’t take away from her value—it allows her to focus on other items. We also sometimes use AI to convert that blog post into a podcast script. We place our podcast transcripts into AI to generate show notes and create an episode title for us.
On the financial side, we copy our dashboard data from QuickBooks and put it into AI to generate financial takeaways each month. It has brought a ton of value to our business without putting a single person out of work. A true gift.
Kerri Roberts
Founder & CEO, Salt & Light Advisors
Overcoming Bias in Leadership Selection: 10 Insights from Business Leaders - Grit Daily News
In the quest to foster fairness in leadership selection, we’ve compiled insights from presidents, CEOs, and top executives. From aligning leadership on core values to standardizing interview scorecards, explore the ten strategies these leaders employ to mitigate bias and champion equitable decision-making.
I know it doesn’t sound fun, but hiring managers must focus on asking the exact same questions to all candidates. We aren’t looking for a personal connection so we can go to happy hour together. We are looking for the most qualified candidates for a specific role in our organization. Consistency in questions is a great place to start.
Kerri Roberts
Founder & CEO, Salt & Light Advisors