Work Less, Earn More

Ep 264: 4 Finance Roles You Should Hire to Grow Your Business (with Kendra James Anderson)

Feb 11, 2025

In this discussion with Kendra James Anderson, a financial expert dedicated to women entrepreneurs and founder of The Financial Femme, listeners learn about vital financial roles like bookkeepers, accountants, and fractional CFOs. Kendra emphasizes the importance of hiring qualified professionals and maintaining organized financial records. She shares practical strategies for managing finances with confidence, building a supportive financial team, and maximizing cash flow, all essential for growing a successful women-owned business!

42:35

Creator website

Episode guests

Kendra James Anderson

AI Summary

AI Chapters

Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Understanding the distinct roles of bookkeepers, accountants, and CFOs can significantly enhance hiring decisions and business financial management.

Implementing basic strategies like opening separate business bank accounts simplifies financial tracking, aiding in clearer decision-making and future growth planning.

Deep dives

Understanding Key Financial Roles

Different financial roles are crucial for business operations, and understanding these can aid in hiring decisions. A bookkeeper is responsible for day-to-day transaction tracking, ensuring accurate classification for monthly financial statements. An accountant typically manages more complex financial tasks, such as accounts receivable and payroll, while a CFO focuses on strategic financial planning and forecasting. Business owners should recognize that depending on their revenue, they might only need basic support, like bookkeeping, before moving into more advanced financial roles.

Intro

4min

Essential Financial Roles for Business Growth

20min

Unlocking Passive Income through Effective Funnels and Financial Strategies

5min

Understanding CFO Costs and Tax Strategies for Businesses

4min

Maximizing Cash Flow for Online Entrepreneurs

7min

Effective Financial Strategies and Sales Training for Business Growth

3min

In this episode, I sit down with Kendra James Anderson, a financial expert who specializes in empowering women-owned businesses and entrepreneurs. Kendra breaks down the essential roles of bookkeepers, accountants, and CFOs—helping you understand exactly who you need on your team and why. She also shares invaluable tips on keeping your financial records clean and organized, so you can make smarter decisions for your business. Tune in to learn practical strategies that will help you manage your money more confidently and grow your business with financial clarity!

Listen to the full episode to hear:

The key differences between bookkeepers, accountants, and CFOs, and when you need each one.
Why keeping accurate financial records is essential for your business's success.
Practical tips for managing your business finances with confidence and clarity.
How to build a financial team that supports the growth of your women-owned business.

FREE Resources to Grow Your Online Business: