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HBO and The Ringer's Bill Simmons hosts the most downloaded sports podcast of all time, with a rotating crew of celebrities, athletes, and media staples, as well as mainstays like Cousin Sal, Joe House, and a slew of other friends and family members who always happen to be suspiciously available.
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SEASON: 5 EPISODE: 20
Episode Overview:
Welcome back to the Becoming Preferred Podcast. In this episode, we have a true financial powerhouse in the studio, ready to illuminate the often-murky waters of cash flow and profitability
Stephanie is not just a CFO; she's a business owner herself, giving her a unique, boots-on-the-ground perspective on the challenges you face every day. Through her company, New Light Financial Solutions, Stephanie has a knack for seeing right through the surface-level issues and identifying the core reasons why your business might be struggling with profitability and cash flow.
Stephanie doesn't just diagnose the problem; she provides a clear path to fixing it. If you've ever felt like you're working harder but not seeing the financial results you deserve, get ready to unlock the secrets to a healthier, more profitable business. Join me for my conversation with Stephanie Smith.
Guest Bio:
Stephanie Smith is a CFO and a business owner. She uses her financial background to help business owners take the one clear path to generating more cash in their business. Being in the financial world, she can look at a business and spot the underlying reasons why it is not profitable and has poor cash flow. And... more importantly, she knows how to fix it.
Resource Links:
- Website: www.newlightfs.com
- Product Link: https://newlightfs.com/resources/
Insight Gold Timestamps:
02:28 My favorite subject was calculus
02:44 If you feel like you need a "just in case thing", then maybe that's not the right path
06:01 We don't always take the time to evaluate how the cash is supposed to be moving through our business
07:30 Where to begin is really following the money
09:27 We actually do Profit First in our business for ourselves
10:48 Why a business can be profitable but still struggle with cash flow
13:26 It's cheaper to get a customer who already knows, trusts and has bought from you, to buy from you again
16:32 H ow much is it actually costing you to sell something?
20:47 I've heard people say, you know, set a a financial date with yourself, with your business
22:26 What every CFO does should be similar regardless of the size
24:33 It's a good idea to start talking with a financial planner about other things that you can do with the business' money
25:56 You should definitely not base all your decisions off of your bank account, or based on the profit number that you have on your financial statements
27:56 I have a podcast that I run called Getting to the Bottom Line
31:53 If they want to reach you, it's newlightfs.com
32:03 We also offer a free Cash Flow Strategy
Connect Socially:
LinkedIn: https://www.linkedin.com/in/stephanieporcellosmith/
Facebook: https://www.facebook.com/stephanieporcellosmith/
YouTube: https://www.youtube.com/@newlightfs
Instagram: https://www.instagram.com/newlightfs/
Stephanie's Podcast Link: https://www.youtube.com/playlist?list=PL5WTE9D35Qv2n46vqCoM7nW3EHd-ZuD5Z
Email: [email protected]
Sponsors:
Rainmaker LeadGen Platform Demo: https://bookme.michaelvickers.com/lite/rainmaker-leadgen-platform-demo
Rainmaker Digital Solutions: https://www.rainmakerdigitalsolutions.com/
166 episodes
