See Things in a Positive Light
Michelle Scribner is the CEO of Sum of All Numbers, a financial analysis and planning company specializing in bookkeeping and the Profit First methodology. With over 30 years of business experience, she is a Certified Mastery Level Profit First Professional, Pumpkin Plan Strategist, and Fix This Next Strategist. Michelle works with entrepreneurs to help them achieve greater profitability.
Here’s a glimpse of what you’ll learn:
- [2:46] Michelle Scribner explains how her passion for serving others led her to lead Sum of All Numbers
- [7:41] How Michelle introduced company-wide cash flow management training
- [12:05] How the Profit First system applies behavioral psychology to help entrepreneurs manage cash flow
- [15:59] Michelle’s talent for interpreting financial statements to reveal client fears and habits
- [22:00] The role of risk tolerance in financial management
- [26:26] Challenges Michelle faced managing rapid growth using Profit First principles
- [29:21] The core leadership value Michelle brings to Sum of All Numbers
In this episode...
Entrepreneurs often launch their businesses with dreams of making an impact, building wealth, and enjoying freedom, but the reality is often far messier. Between cash flow crises, unpredictable risks, and the emotional toll of leadership, many struggle to balance profitability with purpose. How can business owners align their finances with their values to create sustainable companies?
Profit First professional Michelle Scribner maintains that professionals must understand the numbers and behaviors behind financial management. She advises entrepreneurs to implement proactive cash flow strategies, tailor financial plans to their risk tolerance, and set clear boundaries on spending and saving. By focusing on client relationships, aligning team values, and embracing constant improvement, you can turn financial chaos into stability and growth.
In this episode of the Lead Like a Woman Show, Andrea Heuston sits down with Michelle Scribner, CEO of Sum of All Numbers, to discuss leveraging a Profit First mindset for long-term growth. Michelle talks about the role of risk tolerance in finance strategies, the importance of servant leadership, and her cash flow management training.
Resources Mentioned in this episode:
- Andrea Heuston: LinkedIn | Email
- Artitudes Design
- Stronger on the Other Side: The Power to Choose by Andrea Heuston
- Michelle Scribner on LinkedIn
- Sum of All Numbers
- The Richest Man in Babylon by George S. Clason
- Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine by Mike Michalowicz
Quotable Moments:
- “I thought, ‘this is wrong for us to not encourage this’… it was up to them.”
- “Somehow you manage to be full on a smaller plate
- “If firing someone is easy, then what does that say about humanity and me, right?”
- “You still need to have a marriage and a life and your hope and a community.”
- “I just choose to focus on what is good, which absolutely makes me feel grateful.”
Action Steps:
- Apply Profit First cash flow strategies: Separating income into distinct accounts ensures you prioritize profit and owner pay before spending. This system builds financial discipline and helps prevent overspending that threatens long-term business survival.
- Align your team around shared values: Ensuring everyone buys into core company values creates a unified, motivated workforce. This alignment improves team resilience, especially during times of change or growth.
- Understand your risk tolerance: Knowing how much uncertainty you can handle lets you make smarter, more sustainable financial bets. This prevents emotional decisions that can undermine your business and personal well-being.
- Set clear financial boundaries and goals: Establishing targets for savings, spending, and reinvestment helps you stay focused and accountable. It also creates a roadmap that protects you during downturns and supports intentional growth.
- Focus on continuous improvement: Embracing constant learning and refinement helps leaders and teams stay adaptable in changing markets. It also fosters innovation, which drives both individual and organizational success over time.
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