Small Bites Of Business Insights
A new podcast brought to you by the Yum! Center for Global Franchise Excellence
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Podcast Series
About the series
Small Bites Of Business Insights provides valuable lessons that will help you improve your business practices.
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Kathy Gosser, PhD
Podcast Host
Dr. Gosser originally joined the College of Business in 2019. Before joining UofL, Dr. Gosser spent 35 years at YUM! Brands. Her last role with the company was as Director of Learning & Organizational Development and the Chair of the KFC Foundation. She earned her PhD in Educational Leadership and Organizational Development from the University of Louisville, her MBA from UofL, and her BA in Journalism from Indiana University.
Small Bites Podcast: Estate planning basics
Those who understand the importance of careful estate planning can create lasting wealth strategies that ensure a continued legacy.
Learn MoreSmall Bites Podcast: Trusts
Learn the difference between trusts and wills, and the various benefits each offers.
Learn MoreSmall Bites Podcast: Power of attorney
Emphasizes the use of power of attorney, in regard to property and healthcare maintenance.
Learn MoreSmall Bites Podcast: Transfer taxes
Exemptions and strategies that minimize transfer taxes are highlighted and the importance of properly planned wills and trusts in estate planning is reiterated.
Learn MoreSmall Bites Podcast: Insurance
An understanding of life insurance and long-term care insurance policies in relation to midterm and long-term financial goals, retirement planning, risk management, and access to liquidity for emergency, is essential for business owners.
Learn MoreSmall Bites Podcast: Planning for the mid-stage business owner
This episode emphasizes the importance of reviewing arrangements as the business grows, as state regulations change, and as one’s personal relationships shift. Such planning is vital to ensure a sustainable and valuable legacy for the future.
Learn MoreSmall Bites Podcast: Planning for the late-stage business owner
Transition planning for late-stage business owners, addressing fair treatment for children, exploring charitable planning and advanced wealth transfer strategies, that ensure family cohesiveness and responsible wealth utilization.
Learn MoreSmall Bites Podcast: Tips for better books
Entrepreneurs who have accurate financial data and a process for using it make better business decisions, giving them a competitive advantage. Barb Nuss shares tips for keeping accurate accounting records, and explores the importance of having reliable, timely data to manage by the numbers.
Learn MoreSmall Bites Podcast: Start with the end in mind
It’s never too early to envision how you will exit your business. Building entrepreneurial wealth happens quicker when you understand how a business is valued. Start with a timeline for growing sales and profits to yield the ROI of your dreams. Every new owner should hear about this aspect of start-up business planning.
Learn MoreSmall Bites Podcast: Race to profit
Every new business is in a race to profit. They MUST turn profitable before the cash runs out. How do you know you have enough start-up capital to win the race? Beyond the budget for initial equipment, build-out ,and marketing, you’ll need cash reserves. How much? How do you know? Listen in for winning insights.
Learn MoreSmall Bites Podcast: Income statements
Beyond sales and profit, the income statement (P&L or Profit and Loss) provides insights into productivity, expense management, pricing, labor costs, and more. Are you learning all you could be from your P&L? Listen for insights and financial review routines every business owner needs.
Learn MoreSmall Bites Podcast: Key performance indicators (KPI)
Key Performance Indicators, or KPIs, measure the drivers of business success. Measure the drivers, manage the drivers, and the results will come. Barb and Kathy discuss metrics that enable owners to manage sales, productivity, marketing, gross profit margin, and more.
Learn MoreSmall Bites Podcast: Balance sheets
The balance sheet reveals business insights on cash flow, business efficiency, debt management, and business risk. These are the things bankers want to know to understand the risk of business failure. What should you look for in your balance sheet? Get the straight-forward answer here.
Learn MoreSmall Bites Podcast: Breaking even
Breakeven analysis sounds scary, but it isn’t. It is a simple formula you can use to set profitable sales goals and determine the sales needed to earn a return on your marketing, hiring, and expansion investments. Set your sales goals to yield your breakeven PLUS - because profit is not optional!
Learn MoreSmall Bites Podcast: Goal setting
Goal-driven entrepreneurs achieve more and do it quicker. Beyond sales targets, what goals keep you focused on the activities that drive business success, profitability, and cashflow? Hear insights on selecting activity goals for sales teams and business managers that every leader needs.
Learn MoreSmall Bites Podcast: Goals - keeping on track
Setting goals is easy, keeping on track to achieve those goals takes discipline. Hear what Kathy and Barb have to say about review routines that make a difference.
Learn MoreSmall Bites Podcast: Statements of cashflow
Congratulations! You’ve made a profit. So why don’t you have any cash? Barb explains the difference between profit and cash, and how the statement of cashflow demonstrates where the cash went.
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