What makes a successful foundation when it comes to the financials of a business? Lindsay Pinchuk introduces us to Danielle Hayden of Kickstart Accounting to explore this question. Kickstart is Lindsay’s own accounting firm, so she leads the conversation in sharing how transformative it has been to work with an organization designed to help female entrepreneurs understand their financials in order to grow their businesses and become more profitable.

Danielle shares tips to help entrepreneurs navigate financial challenges through foundational services vs. mere number-crunching. She emphasizes creating a judgment-free environment where clients feel comfortable seeking guidance and asking questions. For entrepreneurs who are listening who do not yet have a bookkeeper, Danielle offers advice for what to look for in a potential partner.

For small business owners looking to enhance their financial management skills and strategies, or understand how a bookkeeping partner can support their growth, this episode offers practical tips and advice.

Key Takeaways:

• It's crucial to find a bookkeeper or financial advisor that you enjoy working with, as this relationship is key to managing your business's finances effectively.
• The moment you begin accepting payments from customers is the official start of your business, marking a significant milestone in your entrepreneurial journey.
• Doing bookkeeping on your own is not advisable; it's a complex task that requires professional handling to ensure accuracy and compliance.
• As a business owner, it's important to pay yourself, which not only acknowledges your effort but also aids in personal financial planning.

Quotes:

“We have to know our numbers to manage our business. And the bonus is that we can also use those numbers for taxes, not the other way around.” (33:19 | Danielle Hayden)

“I'm too small. I'm not big enough for a bookkeeper. I'm not big enough for a tax accountant. I'm not enough. Get out of your head. The day that you started accepting payments from customers is the day that you created a business, which is the day that you needed a bookkeeper. You cannot afford to do bookkeeping on your own.” (37:58 | Danielle Hayden)

Connect with Danielle Hayden:

Instagram: https://www.instagram.com/kickstartaccounting/

Website: https://kickstartaccountinginc.com/about-us/#ops

If you like what you're hearing, please leave a rating or review at ttps://ratethispodcast.com/dearfoundher 

Marketing Made Simple for Small Business is Lindsay's new group mentorship program that helps you create the right content and messaging to connect with your community, drive sales, AND generate a simplified process for putting it out into the world, to grow your following and bottom line. Use the code FOUNDHER for 20% off a annual or monthly membership, doors close to Founding Members on 12/31. JOIN HERE.

Don't forget to follow Lindsay on Instagram: https://www.instagram.com/lindsaypinchuk

Podcast production and show notes provided by HiveCast.fm

Hosted on Acast. See acast.com/privacy for more information.