# Business Management 101 with Coach Gloria Lema

An episode of [Rich Auntie Chats](https://invisiblenetwork.ai/podcast/1640207222), 24 May 2023, 57 min.

Audio: https://sphinx.acast.com/p/open/s/68376dc0998551779fc33c57/e/efc40c65-4022-4f3d-b3bd-003db6161d55/media.mp3

In this episode, we are joined by Gloria Lema a certified Business Coach who shares with us a million gems on business management 101. Below are some of the topics covered; • The do's and don'ts when starting a business • When to open or close a business • Traditional vs Commercial Business • Where to get funding to start a business • How to soft launch into business as an employee • Definition of a business plan and its components • How to create systems in a business • Hiring and Firing • Handling finances during a crisis, breaking even, or making losses • What is profit in a business and how to pay yourself The above and so much more were covered, so jump in and let's learn together. Hosted on Acast. See acast.com/privacy for more information.

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