Business Owner's Guide to Financial Planning: From Near-Bankruptcy to Multi-Million Dollar Success

Are you a business owner struggling with cash flow—or wondering how to build real wealth outside your business? 💼💰

In this episode of Rise & Tell with Sheekha, financial consultant and entrepreneur Sonya Corkery shares her incredible journey from losing $800,000 in five days to rebuilding a multi-million dollar business through strategic financial planning and unwavering resilience.

Sonya opens up about growing up in poverty, working her way through corporate finance at a Big Four bank, and applying those lessons to save her electrical contracting business when three major clients collapsed during COVID. Her story is a masterclass in business resilience, debt management, and wealth-building strategies that every entrepreneur needs to hear.

👉 What you'll learn in this episode:
✅ How to survive financial crisis in business using strategic financial planning and cash flow management
✅ The "magic number" formula to calculate your wealth freedom goal (and how to reverse-engineer it)
✅ Practical debt management strategies: the snowball method, cutting expenses, and negotiating with suppliers
✅ Why business resilience comes from separating personal and business assets
✅ How to implement Profit First principles in your business and personal finances
✅ The mindset shift from scarcity to abundance that attracts wealth
✅ Why your 9-to-5 corporate job might be the best business training you'll ever get
✅ Teaching kids about money: shares, crypto, and building financial literacy early

Sonya's no-BS approach to financial planning will help you whether you're a business owner on the verge of closing, an entrepreneur just starting out, or someone working a corporate job who wants to build wealth strategically. From business resilience to debt management to passive income strategies, this conversation is packed with actionable advice you can implement today.

Key Topics Covered:
Strategic financial planning for business owners
Business resilience during economic downturns
Debt management and the Dave Ramsey snowball method
Corporate finance lessons applied to entrepreneurship
Profit First by Mike Michalowicz implementation
Building passive income streams outside your business
The abundance mindset vs. scarcity thinking
Risk mitigation through proper business structure

🔔 Don't forget to subscribe for more powerful conversations with entrepreneurs, business owners, and financial experts who've turned their struggles into success.

RESOURCES MENTIONED:
1. Book: Profit First by Mike Michalowicz
2. Book: Girls That Invest (New Zealand author)
3. Dave Ramsey's Baby Steps & Snowball Method
4. Book: The Science of Getting Rich

#riseandtellwithsheekha #sonyacorkery #businessresilience

🎙️ ABOUT THE PODCAST
Rise & Tell is where real stories meet personal growth and business strategy. I talk to entrepreneurs, financial experts, and change-makers about the moments that changed everything—and the actionable strategies that built their success.