Episode 02 :: Building a Solid Financial Foundation for Your Food Business
Building a solid financial foundation for your food business will save you time + money on your way to achieving financial success.(Video + closed caption available on YouTube)In this episode I am joined by CPA and Business Finance Coach, Melissa Houston. Together they are covering the elements of building a solid financial foundation for your food business.
In this episode of The Good Food CFO Podcast we discuss…
The difference between a bookkeeper + accountant, and the benefits of working with both.
Benefits of outsourcing bookkeeping and working with a bookkeeper
The value of being able to interpret the financial data of your business, and ‘Big 3’ Reports
When you should be requesting your monthly financials from your bookkeeper, and why timely reports are critical to financial success
The importance of Categorizing your financial data correctly (and the consequences when it’s not)
Budgets! Why Melissa (and I) believe you should have one, how frequently you should review it, and the biggest benefits of utilizing one.
This episode is packed with helpful info no matter where you are in the life of your food business!
MEET MELISSA HOUSTON
Melissa Houston is a CPA, utilizing her more than 20 years of financial management experience to help entrepreneurs overcome their finance issues so they can earn more profit in their business through her signature coaching program "The CFO Money Method"
She is also a finance columnist for Forbes.com and Entrepreneur.com and hosts her very own podcast called “Think Like a CFO”!
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