Today, Shannon dives into the crucial differences between a bookkeeper and a fractional CFO, revealing why scaling businesses should consider the latter. Shannon explains how fractional CFO services provide deeper insights, strategic decision-making, and future-focused projections that surpass what a bookkeeper or an in-house accountant can offer. With compelling arguments and real-world examples, Shannon highlights the value and cost-effectiveness of hiring a fractional CFO to drive business growth.

What you'll hear in this episode:

[0:45] The Value of a Fractional CFO

[01:20] Comparing Bookkeepers and CFOs

[05:15] The Role of a Controller

[07:00] Why Fractional CFOs Are Cost-Effective

If you like this episode, check out:

Ways to Maximize Customer Value

I Hired My Husband - Here's Why

Your Finance Hire - Dos and Don'ts

Learn more about our CFO firm and services: https://www.keepwhatyouearn.com/

Connect with Shannon: https://www.linkedin.com/in/shannonweinstein

Watch full episodes: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ

Follow along on IG: https://www.instagram.com/shannonkweinstein/

The information contained in this podcast is intended for educational purposes only and is not individual tax advice. We love enthusiastic action, but please consult a qualified professional before implementing anything you learn.Fractional CFO vs. Bookkeeper - What Do I Need?

Today, Shannon guides entrepreneurs and business owners through the challenges of financial overwhelm and decision fatigue. Shannon shares tactical and actionable advice on identifying the biggest constraints in your business, specifically focusing on cash flow management.

Tune in to learn how to map out your cash flow, prioritize impactful financial issues, and make confident decisions that will help you scale your business. Don't miss Shannon's insights on how to stop masking core financial problems and start accelerating your business growth.

What you'll hear in this episode:

[0:45] Overcoming Financial Overwhelm

[2:10] Finding Clarity Through Action

[3:25] Identifying and Solving Key Financial Issues

[4:55] Cash Flow Management Strategies

[7:00] Deep Dive into Cash Flow Analysis

If you like this episode, check out:

How to Ensure Your Core Offer is Scalable

Fine-Tuning Your Core Offer for Growth

Is My Business Doing Okay?

Learn more about our CFO firm and services: https://www.keepwhatyouearn.com/

Connect with Shannon: https://www.linkedin.com/in/shannonweinstein

Watch full episodes: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ

Follow along on IG: https://www.instagram.com/shannonkweinstein/

Shannon is joined by Ricky Shockley, owner of Med Spa Magic Marketing and a digital marketing professional with over a decade of experience. Ricky shares valuable insights on the importance of using data-driven strategies over gut-based marketing, the challenges of local vs. national marketing, and the critical metrics every business owner should track.

The discussion covers the significance of understanding customer acquisition costs, the role of organic content marketing, and the benefits of specific targeting in paid ads. Ricky also addresses common blocks entrepreneurs face regarding discounting and promotions, emphasizing the importance of seeing marketing as an investment. Tune in for tactical and actionable marketing strategies to elevate your business!

What you'll hear in this episode:

[0:45] Meet Ricky Shockley: Digital Marketing Expert

[1:15] The Importance of Data-Driven Marketing

[6:05] Understanding Customer Acquisition Costs

[14:25] Organic vs. Paid Marketing Strategies

[19:55] Understanding Local Intent in Content Creation

[20:30] Building a Local Audience Through Community Engagement

[27:00] Effective Use of Promotions and Discounts

[34:30] Specialized Marketing Strategies for Med Spas

Check out the Medspa Success Strategies Podcast: https://medspamagicmarketing.com/podcast/

Learn more about Ricky's services: https://medspamagicmarketing.com/

Learn more about our CFO firm and services: https://www.keepwhatyouearn.com/

Connect with Shannon: https://www.linkedin.com/in/shannonweinstein

Watch full episodes: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ

Follow along on IG: https://www.instagram.com/shannonkweinstein/

The information contained in this podcast is intended for educational purposes only and is not individual tax advice. We love enthusiastic action, but please consult a qualified professional before implementing anything you learn.

Maintaining high-quality financial records for business owners is critical, especially if you're interested in selling your business. Shannon explains why you should always be prepared for potential buyout offers, shares strategies for keeping your financials in order, and emphasizes the importance of transparency and accuracy in financial reporting. Learn how the quality of your financials influences your business valuation and why considering these details now can set you up for a smoother, more profitable exit in the future.

What you'll hear in this episode:

[0:45] The Importance of Being Prepared for Unexpected Offers

[4:20] Building Trust Through Quality Financials

[6:50] Preparing Financial Statements for Potential Buyers

[11:25] Advanced Financial Preparation and Strategy

Learn more about our CFO firm and services: https://www.keepwhatyouearn.com/

Connect with Shannon: https://www.linkedin.com/in/shannonweinstein

Watch full episodes: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ

Follow along on IG: https://www.instagram.com/shannonkweinstein/

The information contained in this podcast is intended for educational purposes only and is not individual tax advice. We love enthusiastic action, but please consult a qualified professional before implementing anything you learn.

As you scale your business past the $3-5 million revenue mark, there are complexities that arise, including increased overhead, team expansion, and the temptation to offer more products or services.

Shannon emphasizes the importance of simplicity in scaling, advising business owners to standardize their offerings and create streamlined processes. Tune in to learn actionable tips for maintaining clarity and efficiency, ensuring sustainable growth, and enhancing profitability.

What you'll hear in this episode:

[0:45] Navigating the Mucky Middle of Business Growth

[5:15] The Hidden Costs of Complexity

[7:00] Strategies for Simplifying Your Business

[8:40] Prioritizing and Standardizing Services

[12:25] Final Tips for Scaling Your Business

Learn more about our CFO firm and services: https://www.keepwhatyouearn.com/

Connect with Shannon: https://www.linkedin.com/in/shannonweinstein

Watch full episodes: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ

Follow along on IG: https://www.instagram.com/shannonkweinstein/

The information contained in this podcast is intended for educational purposes only and is not individual tax advice. We love enthusiastic action, but please consult a qualified professional before implementing anything you learn.

Shannon chats with Austin Boyd, the founder of Alive Print Shop. Austin shares his incredible journey from starting a custom t-shirt business in his parents' garage to growing it into a multi-million dollar enterprise over the past 17 years. They discuss the importance of humility, continuous learning, and seeking knowledge from those more experienced.

Austin's story highlights the value of focusing on sales, sensible investment, and building a strong, empowered team. Tune in to gain insights on navigating business challenges, making strategic investments, and scaling your business while maintaining a personal touch.

What you'll hear in this episode:

[0:45] Meet Austin Boyd: Founder of Alive Print Shop

[5:35] Early Challenges and Growth

[12:20] Lessons from the 2008 Financial Crisis

[16:55] Scaling the Business and Building a Team

[22:15] Learning from Mistakes: The Path to Improvement

[28:10] Investing Wisely in Business Growth

[32:35] Financial Management and Scaling Up

[38:20] The Value of Seeking Knowledge and Expertise

If you like this episode, check out:

How to Create Enterprise Value for Your Business

Fine-Tuning Your Core Offer for Growth

When NOT to Sell Your Business

Order from Alive Print Shop: https://aliveprintshop.com/contact-custom-apparel

Learn more about our CFO firm and services: https://www.keepwhatyouearn.com/

Connect with Shannon: https://www.linkedin.com/in/shannonweinstein

Watch full episodes: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ

Follow along on IG: https://www.instagram.com/shannonkweinstein/

The information contained in this podcast is intended for educational purposes only and is not individual tax advice. We love enthusiastic action, but please consult a qualified professional before implementing anything you learn.

Shannon discusses the importance of understanding key financial metrics, such as offer profit and operating profit, and their impact on overall business health. She introduces her five-step 'Profitable Scaling Playbook' and shares practical tips for managing cash flow and optimizing customer value.

Whether you're a small business owner or running a larger enterprise, this episode provides actionable advice to ensure you're not only earning well but keeping it too. Tune in to transform your financial management and build a more profitable and sustainable business.

This episode originally aired on Medspa Success Strategies Podcast: https://medspamagicmarketing.com/podcast/

What you'll hear in this episode:

[1:40] The Profitable Scaling Playbook: An Overview

[6:50] Common Financial Pitfalls and Solutions

[13:30] Marketing Strategies for Med Spas

[24:15] The Three-Visit Rule in Consumer Psychology

[28:35] Creative Discount Strategies for Customer Retention

[31:20] The Importance of Tracking and Data in Business

[33:25] Responsible Debt Management for Business Growth

[36:20] Cash Flow Management Tips for Business Owners

[40:30] Key Habits of Successful Med Spa Owners

Check out the Medspa Success Strategies Podcast: https://medspamagicmarketing.com/podcast/

Learn more about our CFO firm and services: https://www.keepwhatyouearn.com/

Connect with Shannon: https://www.linkedin.com/in/shannonweinstein

Watch full episodes: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ

Follow along on IG: https://www.instagram.com/shannonkweinstein/

The information contained in this podcast is intended for educational purposes only and is not individual tax advice. We love enthusiastic action, but please consult a qualified professional before implementing anything you learn.

Shannon addresses common misconceptions about financial management, emphasizing the importance of focusing on macro-level decisions rather than micro-level cost-cutting. Shannon advocates for prioritizing impactful activities that drive significant business growth and encourages entrepreneurs to delegate tasks to maintain a CEO mindset. Tune in to learn how to allocate your time and resources effectively, build sustainable profits, and drive your business toward lasting success.

What you'll hear in this episode:

[0:45] Common Misconceptions in Financial Management

[1:40] Focusing on Macro Over Micro Decisions

[3:25] Effective Financial Management Strategies

[4:55] Prioritizing Impactful Activities

[8:15] The Importance of Delegation

[10:30] Conclusion and Next Steps

Learn more about our CFO firm and services: https://www.keepwhatyouearn.com/

Connect with Shannon: https://www.linkedin.com/in/shannonweinstein

Watch full episodes: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ

Follow along on IG: https://www.instagram.com/shannonkweinstein/

The information contained in this podcast is intended for educational purposes only and is not individual tax advice. We love enthusiastic action, but please consult a qualified professional before implementing anything you learn.

Asset protection is invaluable, especially for business owners. Shannon is joined by Blake Harris, an expert attorney specializing in offshore trusts. Dive deep into the intricacies of asset protection trusts, understand the benefits of offshore trusts in places like the Cook Islands, and why this strategy is not just for the ultra-wealthy.

Discover how proper asset protection can safeguard your wealth from lawsuits, divorce, and unexpected liabilities, and why planning ahead is crucial. Blake shares insightful examples, debunks common misconceptions, and provides actionable steps for business owners and individuals looking to explore this strategic financial move. Tune in for a masterclass on protecting what you earn and ensuring your financial future.

What you'll hear in this episode:

[0:45] Guest Introduction: Blake Harris

[2:30] Understanding Asset Protection and Trusts

[13:10] The Importance of Offshore Trusts

[17:40] Common Misconceptions and Legal Perspectives

[29:40] Steps to Setting Up a Trust

Book your consultation with Blake and his team: https://blakeharrislaw.com/

Learn more about our CFO firm and services: https://www.keepwhatyouearn.com/

Connect with Shannon: https://www.linkedin.com/in/shannonweinstein

Watch full episodes: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ

Follow along on IG: https://www.instagram.com/shannonkweinstein/

The information contained in this podcast is intended for educational purposes only and is not individual tax advice. We love enthusiastic action, but please consult a qualified professional before implementing anything you learn.

The most expensive habit for business owners is distraction. Shannon explains how distraction not only wastes valuable time but also has a compounding negative effect on your business's growth. From shiny object syndrome to direct distractions like social media, learn how to identify and manage distractions, maintain focus on your core profit engines, and strategically align your actions with your long-term goals. Tune in for actionable insights to keep your business on track and thriving.

What you'll hear in this episode:

[0:45] The Cost of Distraction

[2:00] Types of Distractions

[5:25] Strategies to Combat Distraction

[6:35] The Importance of Focus

[8:45] Client Case Study and Final Thoughts

[10:00] Next Steps and Power Session Offer

Learn more about our CFO firm and services: https://www.keepwhatyouearn.com/

Connect with Shannon: https://www.linkedin.com/in/shannonweinstein

Watch full episodes: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ

Follow along on IG: https://www.instagram.com/shannonkweinstein/

The information contained in this podcast is intended for educational purposes only and is not individual tax advice. We love enthusiastic action, but please consult a qualified professional before implementing anything you learn.