Do you know the number one reason small businesses fail? If you guessed financial hurdles, you’re right! In this week’s episode, personal finance coach and owner of Wealthly shares her sage advice on how entrepreneurs can achieve financial success in their business.
Latoya dishes on the biggest financial mistakes entrepreneurs often make as well as providing advice for how new entrepreneurs can set their businesses up for financial success. Additionally, Latoya provides her definition of “money mindset” and shares important steps on how you can begin to change your “lack” or “scarcity” mindset. Finally, Latoya gives us some tips on how to stay financially fit during adversity.
Are you ready for some sage financial advice for your business? Grab your favorite sparkling drink and a notebook and listen to this week’s episode of Hustle with Purpose!
Key points discussed:
(01:41) How Latoya started her company Wealthly
(03:17) The process of naming Wealthly
(04:05) Why people develop bad money habits
(06:07) The meaning of money mindset explained
(07:15) Tips and tricks to change negative money mindset
(09:58) The most important things to keep in mind for entrepreneurs
(13:10) The biggest mistakes entrepreneurs make in their finances
Listen How To Achieve Financial Success In Your Business:
LaToya Westbrooks is a Personal Finance Coach and the Founder of Wealthly, a financial literacy and coaching platform that helps millennials and couples reach their personal finance goals through strategy, support and technology. She initially got her start on the trading floor on Wall Street but soon realized she was more passionate about personal finance and helping people on their financial journey. This led to friends, family, and colleagues who often sought her advice in order to gain a greater understanding on how to eliminate debt, build wealth and invest in the stock market.
Prior to Wealthly, LaToya held positions at Citigroup, JPMorgan Chase & Co. and Betterment. Today you can find her coaching, leading workshops, speaking on panels and at conferences centered around financial literacy. She is determined to eliminate the wealth gap one household at a time!
Listeners can receive 15% off a 1-on-1 coaching call with “HUSTLEWITHPURPOSE” upon submitting their payment.
About Your Host:
Jacinta Gandy is passionate about small business and a champion of women’s entrepreneurship. She’s the founder of Social Circle, a branding and marketing agency that helps service based solopreneurs turn their passions into profitable businesses.
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