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Every business is founded upon a steadfast principle and excitement, but even those can’t work through humanity’s greatest puzzle: Money. If you want your business to thrive, you need a systematic approach to money. In this episode of Business School, Sharran connects with his former CFO, Khristine Valdez, to dive into the nuances of business money management. They cover the biggest and easily fixable mistakes that every entrepreneur runs into, the best way to keep track of savings and expenses, and what Khristine recommends to keep your balance sheets and wallets happy.
“Process is the key to everything.” – Khristine Valdez
In This Episode:
– How to NOT chase money
– Why having business peers is critical to success
– How to thoroughly understand your clients
– Look at THESE metrics to figure out if you’re leaving money on the table
– The simple way to cut unnecessary costs and keep track of recurring ones
– Khristine’s approach to owner’s compensation
– Why business owners should keep track of personal capital investments
– The best way to handle taxes
– One BIG mistake that’s too easy NOT to fix
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