Profit Answer Man: Scaling with Profit First & Beyond Ep 218 Profit First For Professionals with Sarah Webb
Profit First For Professionals with Sarah Webb
In this episode of the Profit Answer Man, we are joined by Sarah Webb. She founded Webb CFO to provide accounting assistance and long-term financial planning guidance to licensed physicians and their private practice small businesses. Though Sarah and her team are happy to address the fundamental aspects of day-to-day accounting, such as cash flow management and budgeting, they take client financials a step further by adopting a strategic approach: leveraging numerical data for forecasting and planning, and offering a broader management-oriented perspective.
In this episode, you will learn the following:
- Challenges the notion that higher revenue equals success, emphasizing the importance of profitability instead.
- Advanced financial strategies for owners of multiple businesses, including the need for a robust tax reserve.
- Utilization of high-yield sweep accounts and financial scorecards for better financial management and decision-making.
- The 'fraud triangle' and the importance of verification methods to protect assets.
- Financial vigilance and smart management practices to prevent fraud and maintain a healthy business.
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Hi, I'm the Profit Answer Man Rocky Lalvani! I help small business owners simplify their financial reports to make more informed business decisions with fewer hassles. We utilize the Profit First system created by Mike Michalowicz
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