Unbridled Mindset: Finance without the Fluff

In this episode of Unbridled Mindset: Finance Without the Fluff, host Dionisio Roman sits down with Kristy Crockett, Managing Director of Accounting and Analytics at Unbridled Advisory. Together, they dive into the essential differences between financial and tax accounting, why both are crucial for business success, and how entrepreneurs can adopt proactive financial strategies. Kristy shares expert insights on cost accounting, avoiding common small business pitfalls, and when to bring in a financial accountant. Whether you're a startup or an established business, this episode offers practical advice to help you grow and thrive in today’s competitive landscape.

Resources
Connect with Kristy Crockett: https://www.linkedin.com/in/kristy-crockett/
Connect with Dionisio Roman: https://www.linkedin.com/in/dionisio-roman-iii-6a228590/
Check out our website: https://www.unbridledadvisory.com

The information provided in this podcast is for general informational purposes only and does not constitute financial, legal, or tax advice. Unbridled Advisory and its representatives make no guarantees about the completeness, reliability, or accuracy of the content discussed. Always consult with a qualified professional for advice specific to your financial or business situation. Listening to this podcast does not establish a client relationship with Unbridled Advisory or its representatives.

Timecodes
00:00 Intro
00:26 Why understanding accounting is crucial for business success
00:57 The growing specialization in accounting roles
02:07 Financial accountants vs. tax accountants: Key differences
03:30 Tax laws and industry-specific nuances
05:12 Defining financial accounting and its role in small businesses
07:09 Challenges of hobbyist bookkeeping and why an accountant is essential
10:18 Proactive financial planning for businesses
12:42 The decline in entrepreneurship and its financial challenges
15:14 How financial and tax accountants complement each other
17:22 Reactive vs. proactive financial management
21:58 Strategic advice for improving cost accounting and financial health
24:06 Why stagnation leads to business decline and how to prevent it
28:07 The roadmap analogy
32:05 When to bring in a financial accountant to support your business
35:10 The growing role of fractional accountants for small businesses
41:07 Supporting startups and adapting to business growth
44:15 Cost accounting in Fortune 500 companies and its relevance to SMBs
50:10 Changing the mindset around business financials
52:00 Wrap-up and how to connect with Kristy and Unbridled Advisory

In the inaugural episode of Unbridled Mindset: Finance Without the Fluff, we sit down with Joe Coombs, founder of Unbridled Advisory, to explore the journey of starting a financial advisory firm that prioritizes collaboration, accessibility, and trust. Joe shares his vision for providing comprehensive financial solutions tailored to clients' unique needs, his innovative team structure, and the cultural ethos that sets Unbridled apart. Whether you're navigating startup growth, planning an exit strategy, or seeking a partner to streamline your financial operations, this episode offers ways to help you in creating lasting client relationships and fostering a business culture rooted in purpose.

Resources:
Connect with Joe Coombs: https://www.linkedin.com/in/joe-coombs/
Connect with Dionisio Roman: https://www.linkedin.com/in/dionisio-roman-iii-6a228590/
Check out our website: https://www.unbridledadvisory.com

Legal Notice:
The information provided in this podcast is for general informational purposes only and does not constitute financial, legal, or tax advice. Unbridled Advisory and its representatives make no guarantees about the completeness, reliability, or accuracy of the content discussed. Always consult with a qualified professional for advice specific to your financial or business situation. Listening to this podcast does not establish a client relationship with Unbridled Advisory or its representatives.


Timecodes:
00:00 Introduction
00:26 Cutting Through the Fluff
01:15 Meet Joe Coombs
02:33 Why Unbridled Advisory?
05:30 The Challenges of Traditional Models
07:18 The Partner Approach
10:07 Avoiding Short-Term Thinking
12:30 Scaling with Clients
15:39 Building Solid Foundations
18:09 Collaboration, Accessibility, Trust
21:25 Team Compensation
26:01 A Lifetime Partnership
30:05 Expanding Services
36:37 The Future of Financial Services
37:47 Advice for Business Owners
42:12 Closing Thoughts

Welcome to the Unbridled Mindset: Finance without the Fluff, where we break down the complexities of financial management into clear, practical insights. Whether you’re growing a startup, taking your small business to the next level, or managing a private equity firm, this podcast gives you the strategies you need to succeed. You can expect to hear case studies, learn how to avoid common financial pitfalls, and discover how an integrated approach to financial management can unlock unbridled financial success for your business.

Brought to you by UnbridledAdvisory.com