Episodes

This week, enjoy an Encore presentation of one of the most popular episodes from the Things Entrepreneurs Should Know archives. Whether you’re tuning in for the first time or revisiting a classic, I hope you enjoy this timeless advice for business owners. I’ll be back next week with a brand new episode. Feeling the emotional whiplash of running your business? You're not alone. In this episode we deliver invaluable insights to help you conquer stress, tackle burnout, and overcome the fear of f...

Cash flow crunch got you sweating? You’re not alone—and you’re not out of options. In this episode, Chip Schweiger cuts through the fluff and lays out exactly how unsecured lending can be a smart, strategic move for growth-minded business owners. Forget the stigma and scare tactics. Chip breaks down: Why even healthy businesses hit cash flow walls How unsecured lending works (and why it’s not just for the desperate) The right—and wrong—ways to use fast capital The must-know check...

You’re working hard, but is your business bank account bleeding out behind your back? In this episode, learn the hidden profit leaks draining small businesses, right under their owners’ noses. Forget the obvious expenses; we’re talking about the silent killers: forgotten subscriptions, unchecked scope creep, underpricing, and more. Chip reveals the five most common ways businesses lose money without realizing it, shares real-world stories, and gives you a no-nonsense checklist to stop the lea...

Struggling to keep your business’s cash flow steady? You’re not alone. In this episode of Things Entrepreneurs Should Know, learn the essentials of cash flow management for small businesses—why it matters, the most common mistakes to avoid, and practical steps you can implement today to keep your business running smoothly. Plus, you'll get the top tips for forecasting, building a cash reserve, and using technology to make cash flow easier. Ready to take control of your business finances? Get ...

Taxes can be one of the biggest expenses for entrepreneurs, but most business owners make avoidable mistakes that cost them money and peace of mind. In this episode, learn the most common tax strategy pitfalls, how to avoid them, and actionable steps to help you keep more of what you earn. Whether you’re just starting out or looking to optimize your tax approach, this episode will help you take control of your tax strategy and grow your business with confidence. Hey, Click Here to Send Us ...

In this episode of Things Entrepreneurs Should Know, learn why every business owner needs an exit plan—long before they’re ready to leave. Learn about the most common exit strategies, key steps to maximize your business’s value, and the pitfalls to avoid. Whether you’re years away from stepping back or just starting to think about your future, this episode gives you practical, actionable advice to ensure you exit your business on your own terms. As discussed in this episode: Episode 40: Fo...

Feeling the emotional whiplash of running your business? You're not alone. In this episode we deliver invaluable insights to help you conquer stress, tackle burnout, and overcome the fear of failure. From setting realistic goals to celebrating small victories, discover practical strategies to navigate the inevitable highs and lows of entrepreneurship. Join us as we explore the importance of self-care, boundary-setting, and task delegation to maintain balance and productivity. Learn how to refra...

Can your business truly thrive without you? Unlock the secrets to effective delegation and learn how to avoid common pitfalls like the hot potato delegator, the delegation hippie, and the false delegator. We’ll explore the importance of delegation in creating a self-sustaining business and introduce four impactful levels of delegation. From "follow my lead" where employees follow clear instructions, to "research and report" where they analyze options but you retain decision-making authority, yo...

Ever found yourself in a cash crunch and wished you'd seen it coming? Learn how to take control of your business finances with a 13-week cash flow projection! In this episode, we break down the steps to create this powerful forecasting tool that helps you visualize your cash inflows and outflows. By anticipating periods of surplus or shortfall, you'll be ready to negotiate with suppliers, seek short-term financing, and make strategic decisions long before cash issues arise. We'll walk you thro...

Small businesses often operate as if their sole purpose is to fund the owner’s lifestyle, but the most valuable companies are run with financial rigor. You may be years from wanting to sell, but starting to formalize your operations now will help you predict the future of your business. Then, when it does come time to sell, you’ll fetch more for what you’ve built because acquirers pay the most for companies when they are less risky. There’s nothing that gives a buyer more confidence than clean ...

Can your business withstand unexpected crises, or are you leaving it vulnerable to unforeseen threats? In this episode of Things Entrepreneurs Should Know, you'll learn essential risk mitigation strategies that every business owner needs in their toolkit. From identifying and assessing risks to creating robust risk management plans, we cover all the bases to help you safeguard your enterprise. We'll also delve into the importance of investing in various types of insurance and bolstering your cyb...

What if you could protect your hard-earned personal assets from business risks with just a few strategic moves? In this episode of the Things Entrepreneurs Should Know podcast, we discuss the essential steps to establish your business as a separate legal entity, ensuring your home, car, and retirement funds stay safe even in the face of lawsuits. We'll reveal why forming an LLC or corporation is a game-changer for entrepreneurs and break down seven crucial practices that maintain this protectiv...

Could understanding the difference between business and personal credit be the game-changer your business needs? In this episode of Things Entrepreneurs Should Know, I unravel the essential steps to building robust business credit. We kick things off by exploring why separating your business and personal finances is crucial, followed by practical advice on registering your business, opening a business bank account, and obtaining a DUNS number (get yours here). We’ll also dive into the importanc...

Can mastering accounts receivable management really supercharge your business's cash flow? Find out as we unpack the essential strategies for optimizing your receivables process and boosting your financial health. In this episode, Chip breaks down the nuts and bolts of accounts receivable—from setting clear payment terms and ensuring invoice accuracy to utilizing technology for efficiency. You'll discover why managing AR is not just a back-office function but a critical element in sustaining you...

Feeling overwhelmed by the complexities of business borrowing? We're here to guide you through the labyrinth of different borrowing options available to entrepreneurs. This episode of is all about demystifying the process of borrowing, enabling you to make smart and informed decisions for your business. We decode everything from traditional bank loans, SBA loans, business lines of credit to invoice factoring, giving you the essential low-down on eligibility criteria, interest rates, repayment te...

Ever wondered why some entrepreneurs seem to sail effortlessly towards their goals, while others keep treading water? It's all tied to an intriguing blend of motivation, focus, drive, and a sprinkle of something we'll call grace. In this episode, we pull back the curtain on the science of achievement to reveal three key steps that can pave your path to success. We also delve into a surprising research study that reveals a simple trick which could double your chances of transforming your business...

Ever wondered what the secret sauce is that makes some companies more valuable than others in the same industry? This episode of Things Entrepreneurs Should Know could hold the answers you've been looking for. With nuggets of wisdom drawn from transactional data of over 55,000 businesses, we explore ten attributes that can push your company's value beyond that of its peers, even if you're not looking to sell. If you're interested in measuring your company against your peers, a Value Builder Sc...

Ever wondered about the best business structure for your startup while navigating the maze of tax implications? Well, look no further. We’re shining a light on the complexities of business entities and legal considerations that often befuddle even the brightest of minds. We discuss the limitations of sole proprietorship, analyze the ease of setting up an LLC, and explore the tax advantages of C and S Corporations. This episode is your golden ticket to understanding the intricate world of busine...

[ORIGINALLY AIRED AUGUST 3, 2022] Strapped for strategies to keep your business afloat during these tumultuous times? Imagine if you could have a roadmap to deftly navigate the stormy waters of economic downturns. In this episode of Things Entrepreneurs Should Know, your host, Chip Schweiger, provides just that. He shares five invaluable pieces of wisdom that gleaned over his years advising entrepreneurs. We discuss smart staffing strategies, the importance of turnarounds, and the value of consi...

What's the secret to having autonomous employees and running an efficient business? The answer lies in properly documented Standard Operating Procedures (SOPs). Welcome back to another episode of Things Entrepreneurs Should Know, where we're breaking down the art of SOPs. From customer service to logo usage, every nook and cranny of your operations should be covered. But remember, SOPs shouldn’t be generic templates that dissolve your brand's uniqueness. They should be a mirror of your brand ide...

Ever wondered how to build a business that’s designed to sell and deliver consistent customer experiences? Join Chip Schweiger and unravel the secret that successful businesses swear by - Standard Operating Procedures (SOPs). This is the first episode of a two-part series where Chip discusses the instrumental role SOPs play in structuring businesses and the power they possess in guaranteeing happy customers and more entrepreneurial freedom. Listen in to understand how SOPs minimize time spent pr...

Are you a small business owner who's tried to grow but never quite achieves the success you want? In this week's edition get the inside scoop on why your business may be stuck in a rut and what you can do to start scaling up. We'll talk about the 4 primary reasons why growth stalls out for so many small businesses, and how you can make sure yours doesn't suffer the same fate. Listen now to unlock the secrets of you need to drive business growth. Want to discuss anything in this week’s episo...

Are you an entrepreneur or business owner with too much on your plate? If so, you need to discover the secrets to delegating effectively to free up your time! In this week's episode of the show, we'll be exploring the four degrees of delegation where you'll learn the key strategies entrepreneurs and business owners can use. And Chip reveals the "Yes or No Question" that can help you delegate successfully and unlock greater success for your business. What to listen to next: Episode 22 - Why Cas...