Your business can make more money than it ever has before and still leave you wondering:
Where did all the money go?
In this episode, I'm sitting down with Kendra James Anderson, founder of The Finance Femme and my CFO, for a conversation about what business owners need to understand beyond revenue.
Kendra started her company after working in corporate finance and seeing something interesting.
Inside larger companies, CEOs weren't making major decisions without understanding the financial picture. Meanwhile, she knew entrepreneurs generating substantial revenue who were still struggling to understand why they didn't have cash available or whether they could afford their next hire.
That's where this conversation starts.
We talk about revenue, spending, profit and cash flow, but we also get into something I think matters just as much: your numbers have to support what you're actually trying to build.
There isn't one financial strategy that fits every entrepreneur.
Your goals matter.
Your family matters.
Your plans for the business matter.
And as those things change, the financial conversations around them should change too.
Kendra and I also talk about our own relationship. Years before I hired her, I had already identified her as the CFO I wanted on my future team. When the business reached the point where that relationship made sense, I came back.
We get into why having people around you who understand more than the numbers matters, how to know whether your business is actually moving you toward the life you want and why sometimes pivoting is the healthier decision.
And toward the end, we talk about another piece of building a company: operations.
Because eventually the question isn't simply, "How much money are we making?"
It's also, "How does this business work without me doing everything?"
In this episode:
00:00 Meet Kendra James Anderson
01:30 How The Finance Femme started
02:30 Why high revenue doesn't always mean financial health
04:00 Looking beyond revenue to spending, profit and cash flow
05:30 How Kendra became my CFO
07:00 Getting comfortable talking honestly about your numbers
10:00 Business, family and defining success for yourself
13:00 Why your definition of success can change
14:00 Motherhood, entrepreneurship and the value of time
16:30 Knowing when entrepreneurship may no longer fit
18:00 Connecting your financial decisions to your actual goals
20:00 Why you need trusted people around your business
21:30 The first operational role Kendra recommends
23:30 Taking action instead of waiting for the perfect plan
Join the conversation: Beyond revenue, what number or part of your financial picture do you need to understand better in your business?
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Financial disclaimer: This episode shares general educational information and personal experiences. It is not individualized financial, accounting, tax or investment advice.