230. Why Most Small Businesses Fail (and How Mompreneurs Can Avoid it) with Megan Schwan

If tax season makes you feel a little anxious about your business finances, you’re not alone.

Many mompreneurs start their businesses with passion and purpose — but when it comes to understanding numbers, profits, and financial systems, it can feel overwhelming.

In this episode of The Good Enough Mompreneur Podcast, Angela sits down with Megan Schwan, CEO and Founder of Sidekick Accounting Services, to talk about how entrepreneurs can move from financial confusion to financial confidence.

Megan has spent more than two decades in the accounting world helping small business owners understand their numbers and build profitable businesses. Her mission is to change the statistic that 8 out of 10 small businesses fail by helping entrepreneurs make smarter financial decisions and create sustainable growth. 

She’s also a solo mom of four, which gives her a powerful perspective on balancing motherhood, leadership, and entrepreneurship.

This conversation is a refreshing reminder that understanding your business finances isn’t about becoming an accountant — it’s about becoming a more empowered CEO.

What You’ll Learn in This Episode:

• The mindset shift from employee to CEO that every entrepreneur needs
 • Why understanding your numbers helps you make better business decisions
 • The Profit First method and how it changes the way you think about profit
 • The essential financial systems every small business needs
 • How to create a recession-resilient business
 • Common money mindset blocks entrepreneurs face
 • Simple steps to gain control of your business finances
 • How mompreneurs can build businesses that provide freedom and stability for their families

Key Takeaway from Megan

You don’t have to fix everything in your business finances all at once.

The most powerful thing you can do is simply take one step forward — whether that’s separating your business accounts, reviewing your numbers regularly, or starting to think about profit differently.

Small steps create big momentum.

Reflection Question

What is one step you could take this week to feel more confident about your business finances?

Download the Reflection Worksheet

Want to go deeper with today’s episode?

Download the episode reflection worksheet to help you apply these insights to your own business.

Connect with Megan Schwan

Website
https://www.sidekick-accounting.com/

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

Facebook
https://www.facebook.com/mmschwan/

Instagram
https://www.instagram.com/mompreneurof4/

Keep the Conversation Going

If this episode resonated with you, I’d love to hear from you.

Visit https://mombusinesscoach.com
to connect with Angela, explore coaching opportunities, and find more resources for building a business with confidence, clarity, and alignment.

 📩Download the FREE Podcast Episode Reflection Worksheet to get more out of each episode here

Connect with Angela at MomBusinessCoach.com

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Thank you for listening and keep up the great work, mama!