In this episode of Your Dream Business Podcast, I’m joined by the brilliant Jo Simpson, a financial educator and founder of the Financial Growth Academy. Together, we dive into the essential world of business finance—breaking down key financial terms like revenue, gross profit, and net profit in a way that’s practical and easy to understand. Jo shares her own candid money journey and introduces the Profit First methodology, a revolutionary approach that flips the traditional model by encouraging entrepreneurs to pay themselves first. We also explore how to turn business income into personal wealth, manage costs strategically, and plan for long-term financial success. If you're ready to take control of your numbers and build a more profitable, sustainable business, this episode is packed with insight and encouragement. KEY TAKEAWAYS COVERED IN THE PODCAST Knowing your numbers builds business confidence. – Understanding financial terms like revenue, gross profit, and net profit is essential for making smart business decisions. Profit First helps you pay yourself first. – Jo explains how this method ensures your business supports your life—not the other way around. Strategic expense management protects your bottom line. – Learn how to manage business costs wisely and plan for growth with retained profit. Personal wealth starts with business discipline. – Discover how to convert your business income into lasting personal wealth and financial freedom. Money mindset matters. – Jo opens up about the emotional impact of finances and how reframing your approach can empower better choices. If you enjoyed this episode then please feel free to go and share it on your social media or head over to Apple podcasts or Spotify and give me a review, I would be so very grateful. Connect with Jo on Website, Instagram Connect with Teresa on Website, (Grow, Launch, Sell), Sign up to Teresa's email list, Instagram, LinkedIn, or

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