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The Kelly Roach Show

Looking for mentorship from someone who has a track record of business success? Want to learn how to build a 1% lifestyle and develop the mindset of a champion? Are you a business leader looking to 10x your results so you can build your dream life? If you are unwilling to settle for the status quo, and looking for real, honest, business, leadership, and mindset conversations... look no further. Tune in each week to learn from Kelly Roach, a former Fortune 500 executive, and NFL cheerleader turned 8-figure CEO. Kelly built her company to over 7 figures WHILE working as a senior VP in her corporate job, then in less than 18 months went from 7 to 8 figures. For the past 10 years, she's disrupted the coaching space, published best-selling books, won The Inc 5000 award (and several other major awards), built this top-ranked podcast, and helped 100s of entrepreneurs create their dream lives, all while being a present wife and mom. In each episode, Kelly shares the truth about what it takes to win in business and life. No fluff. No nonsense. Just the real deal truth behind what's required to achieve 1% success. It's time for a NEW ERA of business leadership. It's time to innovate, disrupt, and reinvent. If you are ready to elevate, subscribe now!
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Now displaying: Page 1
Oct 19, 2023

Kelly challenges the conventional wisdom of minimal owner's draw and compensation for tax purposes.

She urges entrepreneurs to pay themselves a salary that covers their needs, savings, and desired lifestyle, emphasizing the link between financial security and mental health. Kelly uncovers the pitfalls of underpaying yourself, from jeopardizing your family's well-being during tough times to diminishing your negotiating power when selling your business and how it’s important to accurately represent your company's true profits to potential buyers.

Also in this episode: 

  • Mental And Physical Health: Underpaying yourself can lead to financial stress and negatively impact your mental and physical health, which in turn can affect your ability to lead your business effectively.
  • Preparing For Business Challenges: Relying solely on dividends when your business underperforms can lead to financial instability at home.
  • Negotiating Power And Business Valuation: Potential buyers will assess what it would cost to replace you and your role within the company, which should be a reasonable compensation benchmark.
  • Understanding True Profitability: Underrepresenting your compensation can distort the true profitability of your company, making it difficult to make informed decisions and strategic changes.
  • Clear Vision For Growth: Paying yourself what you're worth helps you see your business's performance clearly, allowing you to make necessary changes and decisions to drive growth. 
  • Tax Considerations: It's important to strike a balance between minimizing taxes and maintaining financial stability.

 

 

Stay Connected With Kelly Roach: 

Instagram | LinkedIn | Facebook | Youtube | Kellyroachcoaching.com | Email: kelly@kellyroachcoaching.com

 

Grab One Of Kelly's Roach's Bestselling Books:

 

This Podcast Is Produced, Engineered & Edited By:  Simplified Impact

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