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65. Cleaning Up Your Back of Shop - Your Finances
Manage episode 481453259 series 3562776
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SUMMARY:
In this episode, Terryn and Aaron dive into the critical topic of cleaning up your business's financial back of shop. From understanding your numbers to avoiding common pitfalls, they explore why many visionaries feel anxious about their finances and how to overcome it. Key discussions include the importance of aligning contracts with financial clarity, implementing systems to manage payments, and conducting tech stack audits to eliminate wasteful spending. Learn practical steps like establishing a payment cadence, assigning ownership to expenses, and choosing the right bookkeeping professionals to ensure your books are tight. Whether you're a solopreneur or scaling fast, this episode offers actionable insights to build a solid financial foundation and make confident, data-driven decisions. Tune in to discover how to butter both sides of your financial bread and drive cash flow through smarter systems! Minute by Minute:0:00 Introduction
4:02 It gets real weird talking about numbers
7:43 When you’ve paid and when you need to pay
11:04 What is your process for paying people out?
15:19 The things to consider with contracts
19:49 Payments recapped
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