Maximize Your Income with the Help of a CFO
Aug 29, 2023If you're not yet looking for a CFO but want to know what we do and what value we bring, I have an example to share with you that we use with our clients.
One aspect of a CFO's responsibility is to take a deep dive into your business's income to help you maximize it. I am going to walk you through what that process generally looks like and provide some tips you can implement on your own.
If you're looking for additional help but still aren't ready for a full-time CFO, check out my CFO power sessions linked below.
The key takeaways from this episode are:
1. Learn about the CFO's value and role even if you're not seeking one yet. Discover an illustrative client example.
2. Understand how CFOs optimize income by delving into revenue sources and suggesting improvements for entrepreneurs.
3. Gain insights into creating a business account hierarchy for better financial management. Ideal for those considering CFO power sessions.
What you’ll hear in this episode:
[2:06] Walk through an example session where we would dive deep into your income.
[3:36] Identifying revenue sources in your business
[7:32] Where most entrepreneurs have room for improvement.
[9:14] How to create a hierarchy of accounts for your business.
Related Episodes:
How to Outsmart Hackers with Seth James Nielson
The Benefits of Business Continuity Planning with Jim Erben
Resources:
Tactical Resources:
5-Day Financial Mindset Refresh: https://www.keepwhatyouearn.com/refresh
Create a Custom Podcast Playlist: https://quiz.tryinteract.com/#/6303d4c525b1e80018d47cfa
Grow Cash Flow for Your Business: https://www.keepwhatyouearn.com/endless-cash
Tax Deduction Guide: https://www.keepwhatyouearn.com/tax-deduction-guide
CFO Power Session: Text POWER to 860-609-6374
See how much you can save with an S Corp: https://www.keepwhatyouearn.com/keep-what-you-earn-s-corp-calculator
Additional Resources & Connect with Shannon:
Find everything you need at https://www.keepwhatyouearn.com
Questions about this episode? Text me! https://my.community.com/shannonweinsteincpa
Hire us: https://www.fitnancialsolutions.com/accounting
Find me on IG: https://www.instagram.com/shannonkweinstein/
Meet me face-to-face on YouTube: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ
The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.
