Jalila Frazier
speaker
80 appearances
1 recordings
1 series
first heard Nov 2024
last heard Nov 2024
Jalila Frazier’s voice in public audio — every appearance, attributed to the second.
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Appearances
Habits and Hustle · Episode 400: Bonus: When defeat becomes a blessing in disguise · 22 Nov 2024
podcast
I go somewhere else. So it depends. So like, and I'm still figuring it out because this is the first year. So March, the end of March is my first clarity break. And it was, Not as successful as I thought it was going to be because although I set boundaries, I still had to figure some things out with the business because there were things that still required my attention.
So I almost made it through the end of it. And then I get a phone call from a team member. And I'm like, dang. So I had to handle that. Right. But you keep working at it. Right. You figure out, OK, what do you do next time to make sure that this doesn't happen? Because it's still the same way.
So then my next clarity break was in June and it went really, really well.
And I went to New Orleans with my boyfriend. And we just enjoyed like all the festivities and ate and so forth. But there was one piece that didn't happen. So I kind of had to reset it. So August. was a, is a redo for the clarity. And my project manager told me, she said, I really want you to have a really, you know, successful clarity break. So we're going to make sure that you do.
And I appreciated that. So we're on board and they know next week is over.
Yeah. Because I majored in math, I thought I was able to command my finances easily. And while I could understand it easily, there was just so many other things that I didn't realize impacted my bottom line. And so I didn't pay attention to it as often as I could.
And it all came to a head, I want to say last year, because in my business, because we work with school districts, government contracts, our pay cycle changed. or how we get paid is sometimes net 30, a lot of times net 60. So we would have rendered services and we don't get that check until cash flow became an issue. It still is an issue for my business access to cash.
Now we get the contracts, but we also have to make sure that we pay our staff on a timely basis so that they stay with us. So there's always this gap in time. And so it all came to a head last year where we had tons of contracts out and it's the summertime. School boards don't meet in the summer. So I was strapped for cash. I didn't know what to do to get this cash to make payroll at least.
And I had to like tap into my personal cash fund so many times. But this one was large as well as reach out to my family. And at that time, my friend, she was she worked in the business. She even loaned me money for the business. And she said, hey, don't worry about paying me this payroll. Just put it in the next payroll. That was such a humbling experience. Right.
I'm in this business. We have all these contracts. We're doing all these things. And I don't have the money to pay my staff. Like, but it was at that moment where if I could be transparent with this in this moment, that means I could be transparent with anything because everything is temporary. And literally when that happened, I was, I was depressed. So that happened.
Um, you know, the next phase cycle, I was able to pay everyone back and then I've never been short of payroll since then. Um, so we have to change a lot of things. So I would say finances, I would be very much more, um, forward thinking about things and structuring how people get paid. We even changed how we pay our consultants. Now, we used to pay them immediately.
Now, we pay them net 30 because we don't have the cash flow until we get it.
If you're taking the leap and making a side hustle, be very clear that you want to do it. And you have to start like just follow the breadcrumbs. OK, one, make a decision that you want to do it. And once you do it, follow the breadcrumbs. What do I mean by that? You won't know your capacity until you start something.
And the minute you start something, you're going to see so many different breadcrumbs just laying in front of you like, oh, OK, I can do it like this. Oh, they're helping me with this. Oh, this is where I get this resource. Oh, this is how I turn this person into a possible staff member or someone that can be aligned with my vision. I say you have to start and follow the breadcrumbs.
Do not be afraid to ask for help. Do not go in there with an ego because the experiences that you have, you know, you don't want to turn people off because you cannot build a business on your own. You cannot. You cannot. Now, if you're already in the side hustle and you are trying to make this your main thing, your main hustle, then you need to level up and grow your thinking, your mindset.
How do you create systems so that you can be on the beach somewhere while your business is still running so that you can ensure that payroll still happens on a timely basis? Like, what are you doing in that? Who is your employment lawyer? Yeah. OK, to help you with that. Who's writing all of your contracts? How do you ensure, you know, an illegal piece like that you are protected?
Do you have business insurance? Are you paying your taxes quarterly or are you paying them yearly for the business? Are you setting aside money for your quarterly taxes? Are you offering a 401k plan annually? to your employees some type of benefit so that you're able to attract top candidates. Like you have to think way far in advance if you want this to become one of those sustainable companies.
So, yeah.
So you can find me on Instagram at F underscore M underscore solutions. On LinkedIn, Frazier's Mathematics Solutions. Same name on Facebook, Frazier's Mathematics Solutions. You can go to our website, www.fmssolutions.site. And yeah, those are the places that you can find us.
Thank you so much for having me.
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