bean ninjas

It's crucial to recognize when you need the right expertise and equipment to achieve amazing outcomes.

In this episode, Jordan West and Wayne Richard, COO of Bean Ninjas, shared their insights into the world of entrepreneurship and finance. They discussed everything from managing cash flow effectively to the tactical aspects of long-term investments. 

Listen and learn in this episode!

Key takeaways from this episode:

• Importance of solving a problem that concerns customers and understanding the impact of financial decisions on the business.
• Bookkeeping and accounting play a significant role in helping founders make prudent decisions based on current financial data.
• Understanding contribution margin and its importance in marketing and scaling.
• Impact of high-interest loans on brands and advice on debt management.
• Strategies for brands struggling with high repayment rates and suggestions for seeking alternative financial solutions.

Recommended App/Tool:

Quickbooks: https://quickbooks.intuit.com/

Xero: https://www.xero.com/

Paypal: https://www.paypal.com/

A2X: https://www.a2xaccounting.com/

James Clear Newsletter: https://jamesclear.com/3-2-1

Recommended Book:

Atomic Habits: https://jamesclear.com/atomic-habits

Psychology of Money: https://www.audible.com/pd/The-Psychology-of-Money-Audiobook/B08D9TXF3H

Today’s Guest:

Wayne Richard, COO of  Bean Ninjas is a former corporate climber with experience working in financial planning and analysis for Hewlett Packard. He led teams focused on forward looking projection models and comparative analysis. He's helping founders understand the basics of financial planning and how their decisions were impacting their businesses.

Connect and learn more about Wayne and Bean Ninjas:

Website: https://beanninjas.com/

LinkedIn: https://www.linkedin.com/in/waynedrichard/

This episode’s sponsor is Finale Inventory- the ultimate solution for accurate and efficient inventory management. Trusted by thousands of brands, Finale offers seamless integrations with over 80 sales channels and platforms.

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Whether you're juggling multiple platforms, expanding your product range or just looking for a way to reduce operational chaos, Finale has the tools you need to succeed. Step into the future of e-commerce with Finale Inventory.

Learn more here: Finale Inventory

In this clip from episode #125 of the ProActive Podcast, Meryl Johnston reveals the inspiration behind her business pursuits, as well as how she balances her career and lifestyle.

In this clip from episode #125 of The ProActive Podcast, Bean Ninjas Founder Meryl Johnston explores the multi-pronged approach she used to make her company a success.

In this clip from episode #125 of the ProActive Podcast, Meryl Johnston and Chris Hogan discuss curating an international business team, internships, and content marketing.

In this clip from episode #125 of the ProActive Podcast, Bean Ninjas' Meryl Johnston explains the importance of having perspective in your ambitions.

In 2016, Meryl Johnston founded an accounting business that now has roots in Australia, Serbia, the Philippines, Amsterdam, the UK, and the US. On this episode of the ProActive Podcast, find out how she built the Bean Ninjas empire while retaining her core value of ‘freedom’.