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Listen "#031: From Debt to Profit: How Profit First Transforms Retail Stores with Liz Szporn"
Episode Synopsis
True transformation in business begins the moment you decide you're no longer just a store owner, you’re a CEO building a legacy, not just a livelihood.
In this powerful, heart-opening episode of The Richer Retailer, Cathy sits down with the brilliant Liz Szporn, a Profit First coach, transformational leader, and lifelong changemaker. From helping build a business from a rental car to guiding others toward values-driven growth, Liz shares what’s possible when passion meets strategy.
It’s about stepping out of the hustle and into your highest role: the visionary who scales smart, pays herself first, human flourishing, personal development and building a life-giving business rooted in community and encouragement.
You didn’t open your store to just get by, it’s time to build a business that serves you, too. And it starts with profit.
What You’ll Learn in This Episode:
Transformation is a journey that requires self-reflection.
The transformation economy focuses on creating meaningful experiences.
It's important to define what you want to increase, decrease, or create in your business.
The four pillars of transformation are health, purpose, wisdom, and wealth.
Key Takeaways:
[03:19] Journey of Transformation: From Education to Profit First
[08:14] The Transformation Economy: Creating Meaningful Experiences
[10:47] The Four Pillars of Transformation
[18:11] Defining Your Why and Worth for Authentic Business Growth
Resources Mentioned:
Book: Profit First by Mike Michalowicz - If you need help implementing Profit First in your retail store, that’s what we do inside our Profit Club program! Apply for it here.
Grow My Accounting Practice podcast with Mike McKellips and Ron Saharian
The Transformation Economy by Joe Pine
Learn how to scale your retail business with our free training: Beyond Busy: 3 shifts to reclaim your time and boost store income.
Want help removing obstacles? Apply for your Gameplan Call here. If Profit Club isn’t the right fit right now, the application will guide you to a program that is, so you have nothing to lose by applying—because there’s always a next level, and we’ll help you get there
Your Millie Moment:
Audit your current business structure. Are you being paid first?
Reframe your identity: Are you acting as the CEO, CFO, and CIO your business needs?
Create a transformation economy experience in your store. How does every touchpoint build your customer’s confidence?
Connect with ambitious store owners in the Richer Retailer Facebook Group.
Share this episode with a fellow store owner and help them tackle cash flow challenges!
You're not just a store owner. You are a leader, an innovator, a transformer of lives, starting with your own. And the RETAILMavens community is here to help you rise.
In this powerful, heart-opening episode of The Richer Retailer, Cathy sits down with the brilliant Liz Szporn, a Profit First coach, transformational leader, and lifelong changemaker. From helping build a business from a rental car to guiding others toward values-driven growth, Liz shares what’s possible when passion meets strategy.
It’s about stepping out of the hustle and into your highest role: the visionary who scales smart, pays herself first, human flourishing, personal development and building a life-giving business rooted in community and encouragement.
You didn’t open your store to just get by, it’s time to build a business that serves you, too. And it starts with profit.
What You’ll Learn in This Episode:
Transformation is a journey that requires self-reflection.
The transformation economy focuses on creating meaningful experiences.
It's important to define what you want to increase, decrease, or create in your business.
The four pillars of transformation are health, purpose, wisdom, and wealth.
Key Takeaways:
[03:19] Journey of Transformation: From Education to Profit First
[08:14] The Transformation Economy: Creating Meaningful Experiences
[10:47] The Four Pillars of Transformation
[18:11] Defining Your Why and Worth for Authentic Business Growth
Resources Mentioned:
Book: Profit First by Mike Michalowicz - If you need help implementing Profit First in your retail store, that’s what we do inside our Profit Club program! Apply for it here.
Grow My Accounting Practice podcast with Mike McKellips and Ron Saharian
The Transformation Economy by Joe Pine
Learn how to scale your retail business with our free training: Beyond Busy: 3 shifts to reclaim your time and boost store income.
Want help removing obstacles? Apply for your Gameplan Call here. If Profit Club isn’t the right fit right now, the application will guide you to a program that is, so you have nothing to lose by applying—because there’s always a next level, and we’ll help you get there
Your Millie Moment:
Audit your current business structure. Are you being paid first?
Reframe your identity: Are you acting as the CEO, CFO, and CIO your business needs?
Create a transformation economy experience in your store. How does every touchpoint build your customer’s confidence?
Connect with ambitious store owners in the Richer Retailer Facebook Group.
Share this episode with a fellow store owner and help them tackle cash flow challenges!
You're not just a store owner. You are a leader, an innovator, a transformer of lives, starting with your own. And the RETAILMavens community is here to help you rise.
In God we trust