Head Heart & Boots

Ep 173 - "Breaking Bad Financial Habits With Backbone CFO"


Listen Later

Brandon here. Look — I get it. Financial episodes don’t usually light people’s hair on fire. But this one? This one’s different. Chris and I sat down with Jim Emerich and Melissa Zinni from Backbone CFO — and I walked away with real answers to questions I’ve been wrestling with in my own business.

This convo was way more than spreadsheets and P&Ls. We got into the real mindset traps that keep us stuck — and the strategic moves that can unlock margin and cash flow.

Why you should listen:

  • (34:42) Why business owners freeze — and how to break through indecision.

  • (41:42) Controller vs. CFO — know the difference, save your business.

  • (13:40) Expanding locations? Avoid the cash flow sucker punch.

  • (47:43) What 20% profit actually looks like — and how to get there.

  • (57:52) How one company saved $50K by ditching a bloated setup.

  • (51:15) Self-insurance and group captives — the financial hacks nobody’s using.

    This one’s loaded with takeaways. If you're trying to scale smart and stop leaving money on the table, don't skip it.

    Thank you sponsors!

    Liftify is for restorers who are looking to accelerate their online reviews. Consistent and fresh Google Reviews are critical to growing your online presence and establishing trust with your brand. Don’t leave it to chance; partner with Liftify and let them capture the feedback your team has earned. 

    https://www.liftify.com/floodlight 

    AnswerForce transforms the restoration industry by providing round-the-clock answering solutions.  Their skilled team ensures no call goes unanswered, capturing and qualifying leads, scheduling appointments, and enhancing customer satisfaction. Benefit from industry expertise, scalability, and customized scripting while saving costs compared to in-house solutions. With AnswerForce, your business growth potential becomes limitless.

    https://www.answerforce.com/floodlight

    C&R Magazine is the industry’s oldest and longest-running media outlet. The team brings restorers all the current news, developments, education and resources that impact our business and the teams we lead. From print media to podcasts, C&R ensures the industry news you need is accessible from anywhere. 

    https://candrmagazine.com 

    Actionable InsightsThe Actionable Xactimate Profile by Actionable Insights offers live guidance for more accurate and complete estimates in Xactimate, preventing costly errors and improving your team's workflow. It's an essential upgrade for enhanced estimating accuracy and efficiency.

    https://getinsights.org/floodlight 

    Did you know...

    Only 30% of businesses listed for sale actually find a buyer? Even more striking, just 10% of those sell for the price their owners anticipated or higher, meaning only 3% of all business owners achieve their desired sale price. By focusing on understanding and enhancing your enterprise value, you can significantly boost your chances of joining that successful 3%.

    Business Health & Value Assessment

    Start AssessmentKnow Your Enterprise Value. See Your Potential Gaps.

    Complete this assessment in less than 15 minutes and receive a free assessment for your business that includes:

    • A Lite Valuation Of Your Business
    • Your Value Multiplier Per Your Industry
    • Health Assessment Per Our PYB Methodology
    • Business Value & Growth Roadmap Tailored For You
    • Value Acceleration Strategies
    • ...more
      View all episodesView all episodes
      Download on the App Store

      Head Heart & BootsBy Floodlight Consulting Group, LLC

      • 4.7
      • 4.7
      • 4.7
      • 4.7
      • 4.7

      4.7

      59 ratings


      More shows like Head Heart & Boots

      View all
      The Joe Rogan Experience by Joe Rogan

      The Joe Rogan Experience

      228,694 Listeners

      The Ramsey Show by Ramsey Network

      The Ramsey Show

      39,019 Listeners

      The Way I Heard It with Mike Rowe by The Way I Heard It with Mike Rowe

      The Way I Heard It with Mike Rowe

      41,166 Listeners

      The EntreLeadership Podcast by Ramsey Network

      The EntreLeadership Podcast

      4,405 Listeners

      REAL AF with Andy Frisella by Andy Frisella

      REAL AF with Andy Frisella

      32,750 Listeners

      The Game with Alex Hormozi by Alex Hormozi

      The Game with Alex Hormozi

      4,463 Listeners

      The Diary Of A CEO with Steven Bartlett by DOAC

      The Diary Of A CEO with Steven Bartlett

      8,395 Listeners

      Morbid by Ash Kelley & Alaina Urquhart

      Morbid

      99,324 Listeners

      The Home Service Expert Podcast by Tommy Mello: $200 Million Founder|Forbes, Inc., Entrepreneur Columnist

      The Home Service Expert Podcast

      728 Listeners

      The Shawn Ryan Show by Shawn Ryan

      The Shawn Ryan Show

      45,515 Listeners

      PBD Podcast by PBD Podcast

      PBD Podcast

      4,272 Listeners

      Restoration Domination Show for Contractors & Entrepreneurs by Rico Garcia Jr.

      Restoration Domination Show for Contractors & Entrepreneurs

      20 Listeners

      Restoration Today by Michelle Blevins

      Restoration Today

      5 Listeners

      Restoration Pros Unplugged by Clinton James

      Restoration Pros Unplugged

      14 Listeners

      The Restoration Playbook Podcast by KnowHow

      The Restoration Playbook Podcast

      3 Listeners