Small Business Big Money

Business Spending Decision Framework

The podcast highlights the necessity for entrepreneurs to identify their current business challenges before making financial commitments. This concept could be developed into a consultancy service or an online platform that provides a structured framework for assessing business expenditures. The platform could guide users through a process of identifying problems, prioritizing solutions, and making educated spending decisions. This would help prevent unnecessary spending on non-essential items and improve financial health. The target audience would be new and small business owners who often feel overwhelmed by the multitude of spending options available. The service could include workshops, templates, and one-on-one consulting sessions to assist entrepreneurs in making informed financial decisions.

Service Medium Score: 7.6/10

From: 214. What Every New Business Owner Gets Wrong About Money

Financial Management Workbook for Entrepreneurs

The episode discusses the importance of knowing financial numbers for business owners, suggesting that a structured approach to financial literacy is crucial. This can be developed into a downloadable workbook or digital product that guides entrepreneurs through tracking their income and expenses, calculating averages, and understanding profit margins. The workbook could include templates for monthly income and expense tracking, budgeting tools, and calculators for profit analysis. This addresses the frequent issue new business owners face of not having a clear understanding of their financial health. The target audience would be early-stage entrepreneurs who prefer a hands-on approach to managing their finances. The workbook could be marketed through online courses, workshops, and financial coaching programs.

Product Low Score: 8.0/10

From: 214. What Every New Business Owner Gets Wrong About Money

Separate Business Finances Management Tool

The podcast emphasizes the necessity of having separate bank accounts for business and personal finances, especially for new entrepreneurs. This idea can be transformed into a software tool that helps small business owners easily manage their business finances. The tool could allow users to create and track separate accounts, categorize expenses, and generate financial reports that clearly distinguish between personal and business transactions. This solution addresses a common pain point for solo entrepreneurs and small business owners who often struggle with mixing personal and business finances, which complicates their financial oversight and tax filing. Target users would be new entrepreneurs who are learning the ropes of financial management. The tool could integrate with existing banking systems and provide reminders for tax deduction opportunities based on categorized transactions.

SaaS Medium Score: 7.4/10

From: 214. What Every New Business Owner Gets Wrong About Money

Entrepreneur Burnout Community

This idea involves creating a paid membership community dedicated to digital entrepreneurs who are battling burnout while scaling their businesses. The platform would serve as a safe space for sharing challenges, strategies for stress management, and best practices for maintaining balanced workflows. As discussed in the podcast, burnout can stem from overloaded schedules, back-to-back launches, and the pressure to continuously scale—a problem that a supportive community could help mitigate by offering peer accountability and expert advice. Implemented as an online community (possibly hosted on tools like Mighty Networks or a private forum), it could offer regular group coaching calls, masterclasses, and resource libraries focused on workflow optimization and emotional resilience. The target audience includes solopreneurs, coaches, and small digital business owners who need structured support to manage their business growth sustainably. With a membership-based revenue model, the platform could offer tiered access—ranging from basic community access to premium one-on-one sessions—ensuring recurring revenue while delivering tangible value in terms of stress reduction and improved business efficiency.

Community Low Score: 7.0/10

From: 213. From Grief, Diapers, and 5AM Commutes - How I Became a $1M CEO

Launch Workflow Management SaaS

This idea proposes the development of a SaaS platform designed to help digital entrepreneurs manage and optimize their product launch workflows. The tool would allow users to create, track, and refine their standard operating procedures (SOPs) for multi-phase launches, ensuring that each step is executed on time and that repetitive errors are minimized. As discussed in the episode, poorly structured workflows during back-to-back launches were a significant contributor to burnout and missed revenue targets. The platform could feature customizable templates, integrated task management, automated reminders, and collaboration tools aimed at aligning team members and contractors. By streamlining the complex launch process—especially for entrepreneurs juggling various roles—the tool not only helps in reducing operational stress but also in achieving better conversion rates during product launches. The primary target audience includes digital product creators, coaches, and small online businesses with recurring launches. Given the recurring subscription model typical for SaaS products, this idea leverages predictable revenue while addressing an unmet need in digital launch management.

SaaS Medium Score: 7.2/10

From: 213. From Grief, Diapers, and 5AM Commutes - How I Became a $1M CEO

Funnel Building Service

This idea centers on offering a funnel building service specifically tailored for digital entrepreneurs who struggle with converting leads into paying clients. The service would involve designing and implementing streamlined sales funnels using popular tools like ClickFunnels, Kajabi, or similar platforms. Entrepreneurs often face challenges in creating an effective funnel that not only attracts leads but also converts them efficiently – a problem this service aims to solve by providing expert guidance and implementation. The service can be delivered as one-on-one consultations or as done-for-you packages where the expert handles the setup, testing, and optimization of the funnel. The target market includes solo entrepreneurs, coaches, and small digital businesses looking to scale without getting bogged down by technical setups. Using existing funnel templates and automation tools can keep the initial effort low, while personalized tweaks ensure that each funnel addresses the unique needs of the client. This approach leverages the proven effectiveness of funnels in digital marketing and capitalizes on the constant demand for lead conversion optimization in the online economy.

Service Low Score: 7.4/10

From: 213. From Grief, Diapers, and 5AM Commutes - How I Became a $1M CEO