The Most Common Pitfall Small Business Owners Make In Their Finances w/ Dan DeGolier

In this episode, host Jay Schwedelson interviews Dan DeGolier, CEO and founder of Ascent CFO Solutions, to explore the critical role of having a financial expert in your small business. Dan shares invaluable insights on managing cash flow, securing lines of credit, and the benefits of engaging a fractional CFO.

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Best Moments:

(03:08) The most common pitfall: not understanding cash flow and its associated risks

(04:24) How and when to approach getting a line of credit

(06:10) Why even small businesses should have someone dedicated to finances

(07:27) The rising trend of fractional CFOs and outsourced business roles

(10:26) Common scenarios where businesses seek fractional CFO services

(13:20) The assessment phase when onboarding a new client and analyzing their financial processes

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Guest Bio:

Dan DeGolier is the CEO and founder of Ascent CFO Solutions. With extensive experience in finance, particularly with technology companies and entrepreneurs, Dan's company offers fractional CFO services, providing businesses with the financial expertise they need without the commitment of a full-time hire.

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ascentcfo.com, Resources hub page: https://ascentcfo.com/resources

LinkedIn: https://www.linkedin.com/company/ascent-cfo-solutions/

Insights by Ascent CFO is a custom data visualization solution for founders, entrepreneurs, and executives that consolidates data sources, tracks key metrics, and displays business performance in real-time. https://ascentcfo.com/insights

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