136 Having Faith and Knowing Your Numbers with Lori Kennedy

136 Having Faith and Knowing Your Numbers with Lori Kennedy

Author: Jennifer Barcelos and Sandy Connery August 20, 2019 Duration: 42:25
“I wanted the business more than I was afraid of the fear of not being able to pay the debt back.”  - Lori Kennedy   Our current series on women and money has encouraged many of you to reflect on your own money stories. During this process, you may have uncovered beliefs that are preventing you from reaching your full potential and this series is meant to unshackle you from these restraints through the stories shared by other women who have experienced similar circumstances.   In today’s episode, you’ll get to hear more about Lori Kennedy’s money journey, including her bold sales goals, her belief in the importance of women starting businesses, and why she gets frustrated when she sees women holding themselves back as entrepreneurs.   Given her level of success today, you may be surprised to hear that Lori is “not good with numbers” and even failed high school math, but she is living proof that obstacles like these are possible to overcome. Once an overspender, she shares about learning to view money and debt as neutral and to remove emotion from the equation in growing her business.     Key Points from This Episode:     How Lori came into her role as an entrepreneur and being self-employed from a young age.   Discovering her purpose and how the journey helped her to become a better human being.   Growing up in an affluent home and always wanting to make her own money.    Not understanding the value of money, compulsive shopping and getting into credit card debt.   What Lori has learned about the importance of paying attention to and tracking the numbers.   Cultivating a mindset where she has faith that everything will be ok.   An incident of running into a cash flow crisis, how she dealt with it, and what she learned.   Why she was not afraid of incurring debt to grow her business.   How defining what rock bottom looked like for her served her well from early on.   Where she starts the money conversation with the women she coaches.   Showing the reality of growth to people based on straightforward numbers.   Looking critically at how you spend your time and accepting the pre-revenue phase.   Getting beyond the conversation about money blocks.   Having her home professionally organized and the hustle of integrating a sales department.   And much more!          Links Mentioned in Today’s Episode: Namastream — https://namastream.com/ Soulful MBA’s Become an Online Teacher Course — https://www.soulful.mba/teacher   Connect with Lori: Lori Kennedy on LinkedIn — https://ca.linkedin.com/in/lorikennedyinc Lori Kennedy on Instagram — https://www.instagram.com/lorikennedyinc/ Lori Kennedy on Twitter — https://twitter.com/lorikennedyinc Take Your Health Practice Online Group — https://www.facebook.com/groups/takeyourhealthpracticeonline The Business of Becoming Podcast — https://thewellnessbusinesshub.com/podcast/   Joy: hiring a professional organizer Hustle: integrating a sales department

There’s a particular kind of ambition that isn’t just about scaling a business, but about building a life that feels whole and authentic along the way. That’s the space where Soulful MBA Podcast lives. Hosted by Jennifer Barcelos and Sandy Connery, this is a conversation between two friends who are actually doing it-navigating the messy, rewarding reality of creating a company from nothing. They talk through the logistics of remote partnership, the challenges of conscious online engagement, and the personal growth that happens when your work is deeply tied to your values. It feels less like a lecture and more like you’re overhearing a candid, strategic coffee chat between two people who’ve been there. You’ll find practical advice woven into stories of trial and error, all aimed at ambitious women who are done with the hustle-for-hustle’s-sake model. This podcast serves as both a roadmap and a reassurance, proving that a successful business can be built with intention, friendship, and a lot of soul.
Author: Language: English Episodes: 100

Soulful MBA Podcast
Podcast Episodes
Re-release: Women, Money + Mindset [not-audio_url] [/not-audio_url]

Duration: 33:40
We all face self-sabotaging thoughts on occasion and it is important for us, as women, to collectively confront these issues so that we can move passed them as a community. Today we get into self-imposed limitations, bal…
Re-release: Kelly Diels on Women, Money + Power [not-audio_url] [/not-audio_url]

Duration: 39:37
Kelly helps feminist entrepreneurs and culture makers sell to women without selling out by teaching feminist principles, including how they apply to marketing and other facets of business. She talks openly about controve…
Re-release: Emily Williams on Mastering Your Money Mindset [not-audio_url] [/not-audio_url]

Duration: 42:43
Emily is a success coach and the author of the new book: I Heart My Life. Emily teaches women to examine their mindset around money and to do away with the limits we so often put on ourselves. She reveals how our false b…
Re-release: Our Money Stories [not-audio_url] [/not-audio_url]

Duration: 51:48
In this episode, we’re getting vulnerable and sharing our money stories with you. This is not always an easy topic to discuss publicly, yet we need to start having these conversations in order to remove some of our colle…
Re-release: The Value of a Wife [not-audio_url] [/not-audio_url]

Duration: 26:50
On this re-released episode of the Soulful MBA podcast, we talk about a slightly controversial topic—the value of a wife. We touch on several articles we’ve read recently about the economic benefits for men who have a wi…
2019: A Year in Review [not-audio_url] [/not-audio_url]

Duration: 46:35
As with last year, we’re bringing you a recap of the year vis-à-vis our favorite things. Here are the links for you (think of it as a stellar gift guide or a place to bookmark for inspiration later on): Best Books Jeni:…
147 Financial Intelligence: An Intentional Approach to Your Numbers [not-audio_url] [/not-audio_url]

Duration: 32:58
#147 An Intentional Approach to Your Numbers It is a common misconception that numbers are out of a business owner’s control. This pervasive thinking is not only untrue but also lends itself to a passive financial approa…
146 Financial Intelligence: What You Track Grows [not-audio_url] [/not-audio_url]

Duration: 35:36
Far too often business owners either fear or dread looking at the numbers or simply find it impersonal and boring. This is not an empowering way to approach your financials and does not have to be the case! Looking at th…
144 Financial Intelligence: Know Your Numbers [not-audio_url] [/not-audio_url]

Duration: 34:06
In this episode, we talk about something that makes many of us uncomfortable: financial numbers. As an entrepreneur, it is so important to know and understand the numbers in your business, where to look, and what to be t…