How to be Successful in Business as a Single Mother with Megan Schwan

What does it take to turn job loss into a thriving business while raising four kids as a single parent? In this powerful episode, Megan Schwandt, CEO and Founder of Sidekick Accounting Services, shares her incredible journey from accidental entrepreneur to certified Profit First Professional, helping thousands of small business owners succeed.
Megan breaks down the harsh reality that 8 out of 10 small businesses fail—and reveals exactly what separates the winners from the losers. With over two decades in the accounting industry, she's seen every red flag and triumph, and she's here to share the insights that could save your business.
🔑 KEY TAKEAWAYS:
✅ Why work-life balance is a myth (and what to focus on instead)
✅ The mindset shift from employee to business owner
✅ How to build a sustainable business that provides real choices
✅ Critical financial red flags every entrepreneur must know
✅ The Profit First methodology explained
✅ Managing business growth while handling personal challenges
✅ Essential systems and processes for scaling
✅ Real advice for single parents considering entrepreneurship
Whether you're thinking about starting a business, struggling with your current venture, or looking to scale to the next level, Megan's hard-won wisdom will give you the roadmap you need.
Chapters:
(07:42) Work-life balance is a priority based
(08:37) The biggest struggle faced in becoming a business owner
(10:45) The biggest lesson learned regarding business and business ownership
(19:22) advice for people transitioning from jobs to business
(27:19) Creating systems and processes allows you to be outside of your business
(30:30) What does the American dream
Sponsored by:
BLU Scholarship: https://www.blu.university/a/2147984849/YbykQKgP
Megan Schwan bio:
Megan Schwan is the CEO and Founder of Sidekick Accounting Services. As a single Mom to 4 beautiful children, she understands the necessity and benefits of running a profitable, successful company. Most businesses provide for families, both the owners and the employees. Her mission and passion are to change the statistic that 8 out of 10 small businesses fail and to empower other "regular" people to create the business of their dreams.
Megan is also a speaker, coach, and published author. She pours into the small business communities, providing education and support to starting and growing businesses. As your Accounting & Tax Sidekick, she and her team are here to help you understand, use, and grow!
When she is not working to change the world of small business, she enjoys exploring new places and experiences with her kids!
🤝 CONNECT WITH MEGAN SCHWANDT:
Website: https://www.sidekick-accounting.com
Connect with Extraordinary America: https://extraordinary-america.com/platform
Or watch on YouTube: https://youtu.be/XAfHWMXfKAI