The Right Hire.
Right Now.
Everything you need to transform your work.
Access this week’s activation guide

What to Know When You Can’t Hire a CFO

Download this week’s activation guide, our Business Scorecard, to help you take stock of your business’s financial health so you can take the right Next Step for your organization!

Download Now

About This Episode

The most important aspect of keeping your business afloat is how you manage your finances. However, not every startup and small business out there can afford to make the leap of hiring a CFO.

In this masterclass episode, Tricia and LZ will dig into the question: While you’re still building your business, what tools are essential to making sure you keep your finances in order to scale your company?

1. Review your financials monthly.

Not every other month. Not quarterly. Monthly! You have to always be on top of your financial situation and know what’s going on, so you can see trends and adjust quickly if needed. Your bookkeeper or CPA can prepare the budget and run the numbers, but you need to be involved and making the decisions.

2. Don’t use a tool just because it’s “cool” or another competitor is using it.

Make sure any software or a financial tool you purchase is right for you at that moment. You don’t need all the bells and whistles, especially when starting out. You need something simple that will get the job done.

3. Never be your own bookkeeper.

And don’t hire a family member either. Bring on a professional who you can trust with your numbers – someone who will get the job done and allow you to make the decisions.

One Next Step Podcast on White Smartphone

Recommended For You

129: Geoff Welch | Elevate Your Impact: Unlocking Potential with a Virtual Assistant

BELAY client Geoff Welch and his BELAY Virtual Assistant Trúc Towns talk with Tricia about their experience of learning to work together and their top tips for getting started working with a Virtual Assistant. Geoff also explains how delegation has allowed him to play to his strengths in both his career and his personal life.

128: Collaborative Intelligence: Unleashing the Power of AI-Assisted Productivity

In today’s fast-paced and interconnected world, harnessing the power of technology and artificial intelligence has become essential for businesses and professionals aiming to thrive in their respective fields. Today, we have the privilege of hearing from a remarkable duo who have embraced the potential of AI to enhance their productivity and streamline their work processes.

Wes Gay is a StoryBrand Certified Guide, Agency Owner, and Private Workshop Facilitator. And since 2016, he’s helped hundreds of organizations find clarity with StoryBrand. Jodi Reiter is an accomplished Executive Assistant, bringing a wealth of experience from the marketing, advertising and photography industries as she supports Wes. They sat down with Ryan to share their experiences, strategies and success stories in utilizing AI to collaborate more efficiently and achieve remarkable outcomes. Listeners will learn about the most impactful AI tools on the market and how to weave them into your daily workflow.

127: Maxwell Leadership Exclusive: Using Time or Abusing Time

Today on the podcast, we have a special episode courtesy of our friends at the Maxwell Leadership Podcast. BELAY CFO Lisa Zeeveld sat down with Mark Cole recently to co-host an episode of the Maxwell Leadership Podcast about how to get time back as a leader.