The 4 People You Want on Your Money Team - Ep 168

Apr 30, 2024

19:04

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Episode notes

Every growing business owner needs a money team if they plan to achieve their financial goals and scale smartly. This episode explores the essential roles within a money team: the bookkeeper, CPA accountant, financial advisor, and CFO. Through the lens of a client story, Danielle Hayden explores how these roles work together to manage the financial health and growth of a business. She also discusses when businesses should hire a CFO, and how Kickstart Accounting Inc. provides CFO services to clients. Tune in for practical tips and resources for building your money team!

Key Takeaways:

Growing businesses need a comprehensive financial team, including a bookkeeper, CPA accountant, financial advisor, and CFO (or business coach). This team can be assembled over time as a business grows.
Every member of a money team works together to optimize the financial health and strategic planning of a business, from bookkeeping and growth strategy to tax compliance.
Hiring a CPA for tax services helps ensure accuracy, compliance and optimization of tax benefits, which becomes increasingly important as a business grows.
Financial advisors play a critical role in wealth management and retirement planning, helping business owners maximize and protect their profits for financial security.
While not every business is ready to hire a CFO, business owners can independently adopt CFO strategies to reach their personal and financial goals.