Emily Chase Smith
Jared Easley interviews entrepreneur, Emily Chase Smith, and the author of The Financially Savvy Entrepreneur: Navigate the Money Maze of Running a Business. She is also the host of The Money Morsels Podcast. She will be speaking at The Podcast Movement in August 2014 in Dallas, Texas. A bankruptcy lawyer by profession, Emily seeks to help entrepreneurs avoid the painful path of bankruptcy by helping them become financially savvy and thus be able to make and keep more money. In this episode, Emily also shows off her ukelele and singing skills making this a light, fun show, and ultimately making this one of Jared’s favorite episodes.
In this episode, you will learn about:
- The impact business and entrepreneurship in her family had on her
- Her transition from early lawyering to becoming the bankruptcy lawyer expert
- Her Aha! moment defending the mobile home park manager
- What makes a good law.
- The value of putting a system in place in your finances.
- The painful process of bankruptcy.
- The best $25-$35 she ever spent when she she purchased Michael Hyatt’s eBook.
- How she managed to finish her book.
- Traditionally published book vs. self-published book.
- The value of attending conferences and her advice to conference attendees.
- Emily grew up knowing her grandparents were very self-made and her dad being a successful architect.
- Emily started law school at 19, but eventually realized that it wasn’t a good fit for her. She eventually found her niche in bankruptcy law.
- She works with almost exclusively small business owners.
- A good law is understandable and can be applied.
- Entrepreneurs need to understand the law It is something you need to dive into.
- Keep your finger on the financial pulse of your business.
- You need to have systems in place so you can look at your business financially.
- What compelled Emily her into writing her book, The Financially Savvy Entrepreneur
- She bought Michael Hyatt’s eBook to help guide her in writing her book.
- She also got the book from Amazon, the 2013 Book of Literary Agents, all organized by subject matters at the back and set her query out from one agent after another.
- Writing the book was harder than the whole process of getting an agent and getting it sold.
- She decided to go for a traditionally published book primarily because of the media attention and it opened up a door of opportunities for her.
- She never misses attending the New Media Expo. This year she got to meet Dan Miller who ended up writing an endorsement for her book.
- Conferences can give you access to people you never would’ve thought you’d have access to.
- Emily encourages people to read books related to their niche.
- Other celebrities who endorsed her book:
- John Jantsch of Duct Tape Marketing
- Jared Easley (and this was his Aha! moment)