Christine Rico's guest appearances

Christine Rico

My Food Job Rocks!

Profit By Design

Real Talks on the Rocks

Anne Beaulieu

David Burkus

Ben Chapman

Lisa Kramer

John Mackey

Jessica Gavin

Tina Smith

Stephen King

Paul Shapiro

Harold McGee

Mike Michalowicz

John Jantsch

George Lucas

Joe Heitzeberg

Daniel Scharff

OwlTail

In this episode, I sit down with Christeen Rico, who is the C.E.O. of her own company- Dream Bigger Ventures. In this episode, Christeen tells her story of attending NY University, pursuing the status quo of NY City life and how she transitioned back to Silicon Valley to work for Big Tech. Christeen also shares why she left Big Tech to start her own company and how she was motivated to bring more opportunities for entrepreneurship back to her home country of the Phillippines. You can watch the full conversation on YouTube here:https://youtu.be/nmNPCwipwXI You can reach out to Christeen on Instagram at: https://instagram.com/christeen.rico  Please check out her website: https://dreambiggerph.com  Thank you to all of my supporters who are supporting me on Patreon. Click the link below to access this week's bonus content: https://patreon.com/realtalksontherocks  For all of the links to the other avenues to view/listen to my show, you can visit my website at: https://realtalksontherocks.com

In this episode, I sit down with Christeen Rico, who is the C.E.O. of her own company- Dream Bigger Ventures. In this episode, Christeen tells her story of attending NY University, pursuing the status quo of NY City life and how she transitioned back to Silicon Valley to work for Big Tech. Christeen also shares why she left Big Tech to start her own company and how she was motivated to bring more opportunities for entrepreneurship back to her home country of the Phillippines. You can watch the full conversation on YouTube here:<a href="https://youtu.be/nmNPCwipwXI" rel="nofollow" target="_blank">https://youtu.be/nmNPCwipwXI</a> You can reach out to Christeen on Instagram at: <a href="https://instagram.com/christeen.rico" rel="nofollow" target="_blank">https://instagram.com/christeen.rico</a> Please check out her website: <a href="https://dreambiggerph.com" rel="nofollow" target="_blank">https://dreambiggerph.com</a> Thank you to all of my supporters who are supporting me on Patreon. Click the link below to access this week's bonus content: <a href="https://patreon.com/realtalksontherocks" rel="nofollow" target="_blank">https://patreon.com/realtalksontherocks</a> For all of the links to the other avenues to view/listen to my show, you can visit my website at: <a href="https://realtalksontherocks.com" rel="nofollow" target="_blank">https://realtalksontherocks.com</a>

Episode #22- From working in Big Tech to being her own C.E.O. with Christine Rico

Hi, Profit Designers! As we at Tap the Potential gear up for a number of special, upcoming projects, we’re taking this time to bring you some of our most popular episodes from the vault! We hope you enjoy it, and we’ll be back with new episodes for you very soon!  Dr. Sabrina sits down with her guest, Christine Rico, to shed some light on things that we may not be thinking about in our business that have a pretty significant impact on whether or not we’re building a profitable, sustainable business. Christine Rico is a good friend and colleague of Dr. Sabrina. She is the owner of CFO On Speed Dial and a fellow Profit First Professional. Christine is a financial consultant, business growth expert, and social entrepreneur who got her start in financial management while keeping the books for Cooperative Home Care Associates in the Bronx, NY more than 20 years ago. The Cooperative was then a start-up and is now the country’s largest worker-owned business. At CFO On Speed Dial, Christine and her team help business owners set and reach financial goals and build companies that are making healthy, sustainable food products, installing renewable energy systems, and growing high-impact consulting businesses. Christine works with companies to improve profitability, craft expansion plans grounded in the company’s overall goals and vision, and get the cash that businesses need to grow. She is on a mission to close the gender-revenue gap by helping women-owned companies accelerate growth. Profit by Design is a Tap the Potential Production in collaboration with Small Business Consulting Group. Show Highlights:  The “Gender Revenue Gap”: While there is growth in the number of companies owned by women, the percentage of revenue that these women-owned companies bring in is appalling. Growing your company in incremental steps for the short term may be reality, but you have to know where you’re going. If you don’t have a big dream that you’re aiming for, it’s really hard to get outside of the day-to-day and what you think you can accomplish next. What is your big dream? What impact would it have if your business is bigger? Christine shares her vision and the impact she hopes for, with CFO on Speed Dial. Christine recommends reading Profit First by Mike Michalowicz for structure in how you think about cash in your business and gives an overview of her five fundamentals needed in order to move to the next level in business. Dr. Sabrina shares her own personal story about her introduction to the Profit First philosophy. The distinction between social impact and charitable giving and some ways we might be thinking about these in our business. Ideas on how to measure impact. Christine describes the role of a CFO. Checklist of infrastructure needed to scale a business.   Links and Resources: American Express Annual Report on the State of Women-Owned Business How to Make Your Time Worth $10,000 an Hour Register your A-Player team members for Tap the Potential’s Leadership Bootcamp: www.TapThePotential.com/Leadership NEW! Facebook Group: Entrepreneurs Take Your Life Back! Upon joining, you’ll get access to exclusive, free, mini-trainings from Dr. Sabrina, including the Better Business, Better Life™ jumpstart, as well as the “How to Hire the Best” jumpstart! No charge to join! Let’s get to know each other! BUY THE BOOK ON AMAZON: How to Hire the Best: The Entrepreneur's Ultimate Guide to Attracting Top-Performing Team Members by Dr. Sabrina Starling PhD How to Hire the Best Toolkit COURSE: How to Hire the Best Taking care of yourself is important now more than ever. Are you ready to take your life back from your business? The FIRST STEP is taking our Assessment at: https://www.tapthepotential.com/assessment NEXT, meet with our Success Team Lead to debrief your results. THEN, join our Better Business, Better Life™ program. Dr. Sabrina’s WEBSITE Dr. Sabrina’s PODCAST - PLEASE RATE &amp; REVIEW! Profit by Design, a Tap the Potential production in collaboration with Small Business Consulting Group For Resources &amp; Tools from Sponsors - https://www.profitbydesignpodcast.com Subscribe &amp; Share Podcasts! - https://www.profitbydesignpodcast.com/podcasts/ Facebook Group: https://www.facebook.com/groups/ProfitByDesign/ Books Frequently Mentioned: The 4 Week Vacation by Dr. Sabrina Starling PhD - COMING OCTOBER 2021! How to Hire the Best: The Entrepreneur's Ultimate Guide to Attracting Top-Performing Team Members by Dr. Sabrina Starling PhD How to Hire the Best: The Rural Business Owner's Ultimate Guide to Attracting Top Performing Employees by Dr. Sabrina Starling PhD How To Hire The Best: The Contractor’s Ultimate Guide to Attracting Top Performing Employees by Dr. Sabrina Starling PhD Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine by Mike Michalowicz The Pumpkin Plan: A Simple Strategy to Grow a Remarkable Business in Any Field by Mike Michalowicz Fix This Next: Make the Vital Change That Will Level Up Your Business by Mike Michalowicz

Hi, Profit Designers! As we at Tap the Potential gear up for a number of special, upcoming projects, we’re taking this time to bring you some of our most popular episodes from the vault! We hope you enjoy it, and we’ll be back with new episodes for you very soon!  Dr. Sabrina sits down with her guest, Christine Rico, to shed some light on things that we may not be thinking about in our business that have a pretty significant impact on whether or not we’re building a profitable, sustainable business. Christine Rico is a good friend and colleague of Dr. Sabrina. She is the owner of CFO On Speed Dial and a fellow Profit First Professional. Christine is a financial consultant, business growth expert, and social entrepreneur who got her start in financial management while keeping the books for Cooperative Home Care Associates in the Bronx, NY more than 20 years ago. The Cooperative was then a start-up and is now the country’s largest worker-owned business. At CFO On Speed Dial, Christine and her team help business owners set and reach financial goals and build companies that are making healthy, sustainable food products, installing renewable energy systems, and growing high-impact consulting businesses. Christine works with companies to improve profitability, craft expansion plans grounded in the company’s overall goals and vision, and get the cash that businesses need to grow. She is on a mission to close the gender-revenue gap by helping women-owned companies accelerate growth. Profit by Design is a Tap the Potential Production in collaboration with Small Business Consulting Group. Show Highlights: <ul> <li>The “Gender Revenue Gap”: While there is growth in the number of companies owned by women, the percentage of revenue that these women-owned companies bring in is appalling.</li> <li>Growing your company in incremental steps for the short term may be reality, but you have to know where you’re going.</li> <li>If you don’t have a big dream that you’re aiming for, it’s really hard to get outside of the day-to-day and what you think you can accomplish next.</li> <li>What is your big dream?</li> <li>What impact would it have if your business is bigger?</li> <li>Christine shares her vision and the impact she hopes for, with CFO on Speed Dial.</li> <li>Christine recommends reading Profit First by Mike Michalowicz for structure in how you think about cash in your business and gives an overview of her five fundamentals needed in order to move to the next level in business.</li> <li>Dr. Sabrina shares her own personal story about her introduction to the Profit First philosophy.</li> <li>The distinction between social impact and charitable giving and some ways we might be thinking about these in our business.</li> <li>Ideas on how to measure impact.</li> <li>Christine describes the role of a CFO.</li> <li>Checklist of infrastructure needed to scale a business. </li> </ul> Links and Resources: <a href="https://s1.q4cdn.com/692158879/files/doc_library/file/2019-state-of-women-owned-businesses-report.pdf" rel="noopener nofollow" target="_blank">American Express Annual Report on the State of Women-Owned Business</a> <a href="http://www.tapthepotential.com/10k" rel="noopener nofollow" target="_blank">How to Make Your Time Worth $10,000 an Hour</a> Register your A-Player team members for Tap the Potential’s Leadership Bootcamp: <a href="http://www.tapthepotential.com/Leadership" rel="noopener nofollow" target="_blank">www.TapThePotential.com/Leadership</a> NEW! Facebook Group: <a href="https://www.facebook.com/groups/entrepreneurstakeyourlifeback" rel="noopener nofollow" target="_blank">Entrepreneurs Take Your Life Back!</a> Upon joining, you’ll get access to exclusive, free, mini-trainings from Dr. Sabrina, including the Better Business, Better Life™ jumpstart, as well as the “How to Hire the Best” jumpstart! No charge to join! Let’s get to know each other! BUY THE BOOK ON AMAZON: <a href="https://amzn.to/3pz3T01" rel="noopener nofollow" target="_blank">How to Hire the Best: The Entrepreneur's Ultimate Guide to Attracting Top-Performing Team Members</a> by Dr. Sabrina Starling PhD How to Hire the Best <a href="http://www.tapthepotential.com/Toolkit" rel="noopener nofollow" target="_blank">Toolkit</a> COURSE: <a href="https://www.tapthepotential.com/course/" rel="noopener nofollow" target="_blank">How to Hire the Best</a> Taking care of yourself is important now more than ever. Are you ready to take your life back from your business? The FIRST STEP is taking our Assessment at: <a href="https://www.tapthepotential.com/assessment" rel="noopener nofollow" target="_blank">https://www.tapthepotential.com/assessment</a> NEXT, meet with our Success Team Lead to debrief your results. THEN, join our <a href="https://www.tapthepotential.com/better-business-better-life-program/" rel="noopener nofollow" target="_blank">Better Business, Better Life™</a> program. Dr. Sabrina’s <a href="https://www.tapthepotential.com/" rel="noopener nofollow" target="_blank">WEBSITE</a> Dr. Sabrina’s <a href="https://www.profitbydesignpodcast.com/" rel="noopener nofollow" target="_blank">PODCAST</a> - PLEASE RATE &amp; REVIEW! Profit by Design, a Tap the Potential production in collaboration with Small Business Consulting Group For Resources &amp; Tools from Sponsors - <a href="https://www.profitbydesignpodcast.com/" rel="noopener nofollow" target="_blank">https://www.profitbydesignpodcast.com</a> Subscribe &amp; Share Podcasts! - <a href="https://www.profitbydesignpodcast.com/podcasts/" rel="noopener nofollow" target="_blank">https://www.profitbydesignpodcast.com/podcasts/</a> Facebook Group: <a href="https://www.facebook.com/groups/ProfitByDesign/" rel="noopener nofollow" target="_blank">https://www.facebook.com/groups/ProfitByDesign/</a> Books Frequently Mentioned: The 4 Week Vacation by Dr. Sabrina Starling PhD - COMING OCTOBER 2021! <a href="https://amzn.to/3pz3T01" rel="noopener nofollow" target="_blank">How to Hire the Best: The Entrepreneur's Ultimate Guide to Attracting Top-Performing Team Members</a> by Dr. Sabrina Starling PhD <a href="https://amzn.to/36LA4lO" rel="noopener nofollow" target="_blank">How to Hire the Best: The Rural Business Owner's Ultimate Guide to Attracting Top Performing Employees</a> by Dr. Sabrina Starling PhD <a href="https://amzn.to/33JbIae" rel="noopener nofollow" target="_blank">How To Hire The Best: The Contractor’s Ultimate Guide to Attracting Top Performing Employees</a> by Dr. Sabrina Starling PhD <a href="https://amzn.to/33JW7Y3" rel="noopener nofollow" target="_blank">Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine</a> by Mike Michalowicz <a href="https://amzn.to/34ERvBU" rel="noopener nofollow" target="_blank">The Pumpkin Plan: A Simple Strategy to Grow a Remarkable Business in Any Field</a> by Mike Michalowicz <a href="https://amzn.to/3z2lKRw" rel="noopener nofollow" target="_blank">Fix This Next: Make the Vital Change That Will Level Up Your Business</a> by Mike Michalowicz

149: Little Known Secrets to Building a Profitable Business with Christine Rico

Today we have Christine Rico, the consulting CFO for CFO on Speed Dial equips business owners and entrepreneurs with the accounting and financial strategies needed to maximize both profit and social impact. We dive into what loans are good and what loans are bad and how to really think about it. You’ll learn some cool resources like the  Small Business Development Centers, or KIVA, or what a bridge loan is. We also talk a lot about Business Plans and current events. How did Christine spend time with her clients during the great shutdown in New York? Though this episode was recorded a week ago, I’ve asked Christine to give me an update today. So if you’re a small business struggling in this environment, stay toward the end. We frontload this episode with the strategies first, and then learn a bit more about Christine! About Christine Christine Rico is a financial consultant, business growth expert and social entrepreneur who got her start in financial management while keeping the books for Cooperative Home Care Associates in the Bronx, NY more than 20 years ago. (Cooperative was then a startup and is now the country’s largest worker-owned business) At CFO on Speeddial, Christine &amp; her team help business owners set and reach financial goals and build companies that are making a positive social impact on their communities with a focus on healthy, local and sustainable food products. To address the sudden shift in business due to the Corona Virus, CFO on Speeddial is focused on business resilience:  the pivot points, cash needs and overall strategies business owners can use to adapt, survive and thrive in 2020 and beyond.  Christine is also co-Chair of the board of Slow Money NYC and a mentor in the Food Future Co accelerator. Show Notes #OMGCPG Facebook Group When someone asks what you do, what do you tell them in a sentence or less?: I help the finances of many food companies What is the million dollar mark?: It’s an arbitrary number but with the margins of the industry, it’s hard to afford a deep level of financial support earlier than that My pricing should be around 2% or less of your revenue How does a CFO help a business?: We see Profit First professionals group Mike McCallowitz What are the most common pitfalls for a balance sheet?: Usually excessive debt (credit card, accounts payable, bank debt) Some debt is good debt An example is a loan versus a salesperson Bridge Loan  Stimulus Bill Bad loans are generally NOT transparent Good Loan Sources: KIVA a nonprofit social enterprise lender SBA Loans can take a long time (Small Business Development Centers help a lot) Before you think about finance, work on your business model 5 financial fundamentals Figure out your business plan first then match the money to the model Timeframe, scope, and what you’re building is very important  No Business Plan Survives First Contact Business Canvas How many people get Forecasting wrong?: Everyone. For us, we have to take 6-8weeks to make a model fit for you SLOW Money Biggest thing to cut in a recession: salaries and rent payments Figure out February and March weekly expenses and go from there Communicate with your loan people Look at the biggest number you got and make it smaller Four and Twenty Black Birds  Carlitos Cocina (Vending Machine) Bodegas are still running because they still have food Korean Markets (Corner Vegetable Stores) are also stocked  Bodega tech company gets ousted My Food Job Rocks: I love the diversity of clients Where can we find you? CFOonSpeedDial.com

Today we have Christine Rico, the consulting CFO for <a href="https://www.cfoonspeeddial.com/" rel="nofollow" target="_blank">CFO on Speed Dial</a> equips business owners and entrepreneurs with the accounting and financial strategies needed to maximize both profit and social impact. We dive into what loans are good and what loans are bad and how to really think about it. You’ll learn some cool resources like the <a href="https://www.sba.gov/local-assistance/find/?type=Small%20Business%20Development%20Center&amp;pageNumber=1" rel="nofollow" target="_blank"> Small Business Development Centers</a>, or <a href="https://www.kiva.org/" rel="nofollow" target="_blank">KIVA,</a> or what a <a href="https://www.thebalance.com/what-are-bridge-loans-1798410" rel="nofollow" target="_blank">bridge loan</a> is. We also talk a lot about Business Plans and current events. How did Christine spend time with her clients during the great shutdown in New York? Though this episode was recorded a week ago, I’ve asked Christine to give me an update today. So if you’re a small business struggling in this environment, stay toward the end. We frontload this episode with the strategies first, and then learn a bit more about Christine! About Christine Christine Rico is a financial consultant, business growth expert and social entrepreneur who got her start in financial management while keeping the books for Cooperative Home Care Associates in the Bronx, NY more than 20 years ago. (Cooperative was then a startup and is now the country’s largest worker-owned business) At CFO on Speeddial, Christine &amp; her team help business owners set and reach financial goals and build companies that are making a positive social impact on their communities with a focus on healthy, local and sustainable food products. To address the sudden shift in business due to the Corona Virus, CFO on Speeddial is focused on business resilience:  the pivot points, cash needs and overall strategies business owners can use to adapt, survive and thrive in 2020 and beyond.  Christine is also co-Chair of the board of Slow Money NYC and a mentor in the Food Future Co accelerator. Show Notes <a href="https://www.facebook.com/groups/150317482245857/" rel="nofollow" target="_blank">#OMGCPG Facebook Group</a> When someone asks what you do, what do you tell them in a sentence or less?: I help the finances of many food companies What is the million dollar mark?: It’s an arbitrary number but with the margins of the industry, it’s hard to afford a deep level of financial support earlier than that My pricing should be around 2% or less of your revenue How does a CFO help a business?: We see <a href="https://profitfirstprofessionals.com/" rel="nofollow" target="_blank">Profit First professionals group</a> <a href="https://profitfirstbook.com/" rel="nofollow" target="_blank">Mike McCallowitz</a> What are the most common pitfalls for a balance sheet?: Usually excessive debt (credit card, accounts payable, bank debt) Some debt is good debt An example is a loan versus a salesperson <a href="https://www.thebalance.com/what-are-bridge-loans-1798410" rel="nofollow" target="_blank">Bridge Loan</a> <a href="https://www.ncsl.org/ncsl-in-dc/publications-and-resources/coronavirus-stimulus-bill-states.aspx" rel="nofollow" target="_blank"> Stimulus Bill</a> Bad loans are generally NOT transparent Good Loan Sources: <a href="https://www.kiva.org/" rel="nofollow" target="_blank">KIVA a nonprofit social enterprise lender</a> SBA Loans can take a long time (<a href="https://www.sba.gov/local-assistance/find/?type=Small%20Business%20Development%20Center&amp;pageNumber=1" rel="nofollow" target="_blank">Small Business Development Centers</a> help a lot) Before you think about finance, work on your business model 5 financial fundamentals Figure out your business plan first then match the money to the model Timeframe, scope, and what you’re building is very important <a href="https://steveblank.com/2010/04/08/no-plan-survives-first-contact-with-customers-%E2%80%93-business-plans-versus-business-models/" rel="nofollow" target="_blank"> No Business Plan Survives First Contact</a> <a href="https://en.wikipedia.org/wiki/Business_Model_Canvas" rel="nofollow" target="_blank">Business Canvas</a> How many people get Forecasting wrong?: Everyone. For us, we have to take 6-8weeks to make a model fit for you <a href="https://slowmoney.org/" rel="nofollow" target="_blank">SLOW Money</a> Biggest thing to cut in a recession: salaries and rent payments Figure out February and March weekly expenses and go from there Communicate with your loan people Look at the biggest number you got and make it smaller <a href="https://birdsblack.com/" rel="nofollow" target="_blank">Four and Twenty Black Birds</a> <a href="https://www.delimarketnews.com/quick-bite/charlitos-cocina-debuts-new-point-sales-format/anne-allen/fri-07122019-0909/8130" rel="nofollow" target="_blank"> Carlitos Cocina (Vending Machine)</a> Bodegas are still running because they still have food Korean Markets (Corner Vegetable Stores) are also stocked <a href="https://techcrunch.com/2019/09/25/bodega-once-dubbed-americas-most-hated-startup-has-quietly-raised-millions/" rel="nofollow" target="_blank"> Bodega tech company gets ousted</a> My Food Job Rocks: I love the diversity of clients Where can we find you? <a href="https://www.cfoonspeeddial.com/" rel="nofollow" target="_blank">CFOonSpeedDial.com</a>

Ep. 214 – The Fundamentals of Financing for Food Companies for the Future with Christine Rico, Consulting CFO at CFO on the Go