Being Cash Flow Confident with Christine Odle

I have firsthand experience of working with Christine Odle and she has completely transformed my finances in a dramatic and phenomenal way. In this episode we touch base on the ins and outs that she believes every person (not just business owner) should have, Cash Flow management. I have had the great opportunity to work with many chiropractors that are doing just fine in the revenue standpoint, but they unfortunately have no plan with their cash flow. They have no strategy. There is a kind of whimsical attitude….Money comes in, money goes out. I really want to dispel some of the myths and help other chiropractors build a plan to ultimately set themselves up for a better future. This episode will be sure to help in just that.

Listen now!!!

Show highlights include:

● Cash flow management issues and your years of doing this. (1:13)

● The balance between, business life and your personal life (3:48)

● When is a good time to hire? (6:00)

● Kevin’s personal experience hiring. (8:42)

● The 10 X rule (10:10)

● The concept of margins (11:36)

● Cash flow pitfalls (13:17)

● Advice to two different chiros (high spender vs low spender) (18:44)

● Planning for injuries (21:59)

● Breakdown of Cash flow (24:17)

● Emergency funds (26:15)

● Cash flow and taxes (33:45)

● Operating account (35:58)

● Christine’s personal experience: Saving (39:00)

Power Quotes:

● “Cash flow management could be a budget, but in business terms, it's a combination of your profit loss statement and your balance sheet and how the money goes through those processes.”

● “I see with small business owners; they spend a lot of personal money on the business.”

● “If you start mislabeling things, it can have a huge tax implication for you.”

● “If you're too busy that you can't handle the basic day to day operations, that's a great time to hire somebody or you want to free up your time.”

● “So, I always say, if I hire somebody for $1,500 a month, can I gain $15,000 in revenue?”

● “I would say cash flow wise is to hire a bookkeeper, it's needed.”

Book Mentions:

“Rockin’ Your Business Finances: A Step-by-Step Workbook to Making More by Making Less” by Christine Odle

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About the author, Kevin

Dr. Kevin Christie is a Chiropractic Physician and Certified Ergonomic Assessments Specialist (CEAS II) who dedicates himself to treating his patients’ symptoms and physical dysfunctions, whether it’s a professional athlete, a weekend golfer, or an office worker.

Dr. Christie received his B.S. degree from the Florida State University in Exercise Physiology and was an assistant strength & conditioning coach for FSU athletics. His education and desire for learning continued at Logan College of Chiropractic in St. Louis where he received his Doctor of Chiropractic and Masters In Human Biology degrees.

Dr. Christie is currently the CEO of Health-Fit Corporate Wellness which provides On-Site Chiropractic and Ergonomics for corporations such as Royal Caribbean, ADT Security, Tyco Integrated Systems, World Fuel Services, Strategic Coach, Frito-Lay, and others.

In 2016 he launched The Modern Desk Jockey Podcast, which provides healthy solutions for the desk worker.

Dr. Christie has been the Chiropractic/Sports Medicine Physician for multiple football academies in South Florida. He is currently the Sports Chiropractor for XPE Combine Prep Program in Boca Raton, FL. This role includes treating the college football players during the NFL Combine Prep Program and the NFL Combine in Indianapolis. He also has worked on over 500 NFL, MLB and NHL players for these strength & conditioning companies during their off-season Pro NFL/MLB programs.

In November 2009, Dr. Christie was appointed by Governor Charlie Crist to the Board of Athletic Trainers as the Chiropractic advisor. This appointment is through the year 2017 and will include working with and advising the Board of Athletic Trainers on maintaining and improving the quality of care for Certified Athletic Trainers in the state of Florida.

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