• 56 | How to Identify and Solve Operational Issues: Kristen Deese the Virtual CFO for the trades

  • 2024/10/14
  • 再生時間: 27 分
  • ポッドキャスト

56 | How to Identify and Solve Operational Issues: Kristen Deese the Virtual CFO for the trades

  • サマリー

  • Show Information

    Episode Number: 56

    Date: October 14, 2024

    Duration: 26:36


    Host Information

    Host: Justin Deese

    Website: JustinDeese.com

    Contact: Justin@JustinDeese.com

    Episode Guest Info

    Guest: Kristen Deese

    Guest Company:Virtual CFO for the Trades

    Guest Contact: Kristen@KristenDeese.com

    Guest Website: www.KristenDeese.com

    Summary

    In this episode of the Freedom Blueprint podcast, Justin Deese and his co-host Kristen discuss the role of a Virtual CFO in small businesses. They explore the importance of financial management, the common challenges faced by business owners, and how a Virtual CFO can help identify operational and sales issues through financial analysis. The conversation also delves into pricing strategies, budgeting for profit, and the significance of awareness in managing finances effectively. Kristen shares insights on how to improve gross profit margins and manage overhead expenses, emphasizing the need for business owners to understand their numbers to drive profitability.


    Takeaways

    A Virtual CFO provides high-level financial strategic management without the cost of a full-time CFO.

    Many business owners lack accounting training, which can hinder their financial management.

    Understanding key financial concepts early can significantly impact business growth and profitability.

    Business owners often rely on bank balances, which provides a limited view of their financial health.

    Identifying gross profit margins can reveal areas for improvement in operations and sales.

    Pricing strategies are crucial; many businesses underprice their services, affecting profitability.

    Budgeting for expected profit can shift the mindset of business owners towards better financial management.

    Controlling overhead expenses is essential for maintaining profitability.

    Awareness of financial metrics helps business owners make informed decisions.

    It's important to prepare financials for tax time well in advance.


    Chapters

    00:00 Introduction to Virtual CFO Services

    04:10 The Importance of Financial Management for Small Businesses

    07:44 Identifying Operational and Sales Issues through Financial Analysis

    12:57 Pricing Strategies and Gross Profit Margins

    16:22 Budgeting for Profit and Managing Overhead Expenses

    20:23 The Role of Awareness in Financial Management


    Keywords

    Virtual CFO, financial management, small business, accounting, budgeting, profit margins, operational issues, sales strategies, pricing strategies, overhead expenses, Kristen Deese, Justin Deese, When Your Business Partner Is Your Spouse, Virtual CFO for the Trades

    続きを読む 一部表示

あらすじ・解説

Show Information

Episode Number: 56

Date: October 14, 2024

Duration: 26:36


Host Information

Host: Justin Deese

Website: JustinDeese.com

Contact: Justin@JustinDeese.com

Episode Guest Info

Guest: Kristen Deese

Guest Company:Virtual CFO for the Trades

Guest Contact: Kristen@KristenDeese.com

Guest Website: www.KristenDeese.com

Summary

In this episode of the Freedom Blueprint podcast, Justin Deese and his co-host Kristen discuss the role of a Virtual CFO in small businesses. They explore the importance of financial management, the common challenges faced by business owners, and how a Virtual CFO can help identify operational and sales issues through financial analysis. The conversation also delves into pricing strategies, budgeting for profit, and the significance of awareness in managing finances effectively. Kristen shares insights on how to improve gross profit margins and manage overhead expenses, emphasizing the need for business owners to understand their numbers to drive profitability.


Takeaways

A Virtual CFO provides high-level financial strategic management without the cost of a full-time CFO.

Many business owners lack accounting training, which can hinder their financial management.

Understanding key financial concepts early can significantly impact business growth and profitability.

Business owners often rely on bank balances, which provides a limited view of their financial health.

Identifying gross profit margins can reveal areas for improvement in operations and sales.

Pricing strategies are crucial; many businesses underprice their services, affecting profitability.

Budgeting for expected profit can shift the mindset of business owners towards better financial management.

Controlling overhead expenses is essential for maintaining profitability.

Awareness of financial metrics helps business owners make informed decisions.

It's important to prepare financials for tax time well in advance.


Chapters

00:00 Introduction to Virtual CFO Services

04:10 The Importance of Financial Management for Small Businesses

07:44 Identifying Operational and Sales Issues through Financial Analysis

12:57 Pricing Strategies and Gross Profit Margins

16:22 Budgeting for Profit and Managing Overhead Expenses

20:23 The Role of Awareness in Financial Management


Keywords

Virtual CFO, financial management, small business, accounting, budgeting, profit margins, operational issues, sales strategies, pricing strategies, overhead expenses, Kristen Deese, Justin Deese, When Your Business Partner Is Your Spouse, Virtual CFO for the Trades

56 | How to Identify and Solve Operational Issues: Kristen Deese the Virtual CFO for the tradesに寄せられたリスナーの声

カスタマーレビュー:以下のタブを選択することで、他のサイトのレビューをご覧になれます。