Maximize Your Business Profits: Insights from a Fractional CFO
Manage episode 441616351 series 3595004
In this insightful episode, we sit down with Alex Little, the owner of Little CFO Services, to delve into the world of business finance. Alex shares his expertise in fractional accounting and tax services, aimed at helping small business owners better understand their financial landscape. Whether your business is making a million in revenue but feeling financially strapped, Alex provides solutions to identify where your money is going and how to optimize your financial processes.
Alex clarifies the distinct roles within financial services, explaining the differences between bookkeepers, accountants, CPAs, and CFOs. He emphasizes the importance of each role and how they contribute to the financial health of a business. Alex also discusses the nuances between accounting and finance, highlighting how forward-looking financial planning is crucial for business growth.
Moreover, Alex offers practical advice for business owners looking to improve their financial strategies. From building cash flow forecasts to reducing unnecessary expenses, his tips are invaluable for maintaining a healthy bottom line. For those aiming to sell their business, Alex outlines steps to ensure the business is ready for a seamless transition, emphasizing the need for accurate financial records and effective delegation.
alex@littlecfoservices.com
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191 episodes