Are you neglecting this one important thing in your business that allows you to build sustainable profits? Want to know how to be the CFO of your own business, so you can set yourself up for success and avoid the pitfalls when it comes to a small business?
Business owners and entrepreneurs often overlook and neglect this very critical aspect in running their own business. It’s overwhelming, especially for new entrepreneurs and small business owners, as they are left in the dark with questions and risk their finances going haywire.
Danielle Hayden shares in this podcast some practical tips to help entrepreneurs through the process of understanding their finances and how to be the CFO of their own business.
How to Manage and Avoid Pitfalls in Your Business Finances with Danielle Hayden
(01:45) How Danielle started working with female entrepreneurs to help them get the finances straight in their own business.
(03:18) Why new entrepreneurs feel intimidated to consult with a CPA and the importance of having a safe space where you could be comfortable with asking questions about your business.
(05:43) The importance of paying yourself as a business owner and knowing where you’re making and spending money.
(06:15) How finding the right mentors who will guide you to get to your destination helps you move forward in your “hero’s journey.”
(07:09) The important steps you should know to help you run a more profitable business (i.e., aligning with your finances and knowing how to be the CFO of your business).
(10:58) Setting up a financial plan and making data-driven decisions to plan for your business finances.
(14:32) All about the Profit Planner by Danielle Hayden, a 12-week journal made for entrepreneurs where she walks you through step by step on understanding your financials.
Danielle Hayden is a reformed corporate CFO (chief financial officer) who is on a mission to help rule-breaking female entrepreneurs understand their numbers so they can gain the confidence needed to create sustainable profits. After spending 10+ years in the boardroom as a corporate finance officer, Danielle is now in her sweet spot as the co-owner of Kickstart Accounting, Inc. where she helps business owners with bookkeeping, financial analysis, and education and as the author of the Profit Planner book series. When Danielle isn’t crunching numbers on her clients’ behalf or crafting the next iteration of the Profit Planner, you can find her hanging with her two kids as she inspires them to lead their fullest lives or doing any, and almost every fitness-related activity ranging from Spartan races to pilates
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