7 Levers to Endless Profits – In Just 7 Minutes with Jackson Millan
Discover how to make endless profits without constant reinvestment Find out the importance of learning the language of money and your cash flow Learn more on how to manufacture financial freedom so that you can enjoy the life and time that you and your family deserve Resources/Links: Check out Jackson’s 40-point performance scorecard: https://bit.ly/AureusScorecard Summary Have you been struggling and doubting your cash flow? Do you feel like you’ve been investing more money in your business more than getting profits from it? Are you sure you’ve been maximizing you have been managing your money well, personally and in business? Jackson Millan, the Wealth Mentor, has spent the last 14 years helping service businesses understand the language of money and manufacture financial freedom for themselves and their families. In this episode, Jackson talks about the importance of knowing your money and cash flow. He also shares how to lessen your constant reinvestment into your business and maximize your profit so that you can enjoy your time and life! Check out these episode highlights: 01:30 - Jackson’s ideal client: “We work with service-based business owners, coaches, consultants, advisors, agency owners, health and wellness trade businesses, and we help them remove cashflow bottlenecks, maximize their profits, and build personal wealth systematically.” 01:48 - Problem Jackson helps solve: “The big problem here is that most people don't use their businesses as a vehicle. It's basically become the destination because it's the "be all and end all" of their existence.” 02:43 - Typical symptoms that clients do before reaching out to Jackson: “We find the vast majority of our clients have a proven business model. They're making money. They're doing multi-six figures, even seven figures. But the big problem and the big symptom here is that their businesses are a cash-eating monster.” 04:06 - Common mistakes that people make before they find Jackson’s solution: “The common mistake is that people reinvest constantly back into their business. Like how many business owners have you spoken to that's "I'm reinvesting. I'm scaling. I'm scaling up. I'm reinvesting back into growth." But that, I've often found, is an excuse for money mismanagement.” 05:33 - Jackson’s Valuable Free Action (VFA): “Parkinson's Law for personal and business finances. So, Parkinson's Law is a behavioral principle that states that as human beings we use the means we have. Like, think back to your first job. You probably earn cheap money, right? You were making a few bucks an hour and you survived.” 06:38 - Jackson’s Valuable Free Resource (VFR): Check out Jackson’s 40-point performance scorecard: https://bit.ly/AureusScorecard 07:40 - Q: What does financial freedom really mean? A: it means two things. Owning your home and paying it off in full and creating enough passive income where you've got the freedom to choose what you do with your time. Tweetable Takeaways from this Episode: “Make sure you get on the right path of financial freedom.” -Jackson MillanClick To Tweet Transcript (Note, this was transcribed using a transcription software and may not reflect the exact words used in the podcast) Tom Poland 00:09 Greetings, everyone, and a very warm welcome to another edition of Marketing the Invisible. My name is Tom Poland, joined today by Jackson Millan. Jackson, good day mate.