Description

Hey Small Business School! As a Fractional CFO and Accountant today’s topic is close to heart, I want to dive into the disconnect between small business owners and their financial advisors. As someone deeply entrenched in the world of accounting for nearly two decades, I've seen the frustration firsthand. In this episode I want to break down the roles of bookkeepers, accountants, and CFOs, and discuss how to find the right financial partner for your business. Let’s get started!

Topics Covered:

• Differentiating between the responsibilities of bookkeepers, accountants, and CFOs in managing business finances.
• The role of bookkeepers in data entry and basic financial tasks, and their limitations in providing strategic advice.
• The focus of accountants on tax compliance and financial statements, and their role in audits for larger companies.
• The importance of CFOs with a well-rounded business experience, capable of offering strategic advice beyond financial numbers.
• Challenges of investing in quality financial advice and strategies for negotiating contracts with financial advisors.

Your financial advisor should be a trusted partner in your business journey! Take some time this week to evaluate your current financial advisory setup and identify any gaps or areas for improvement!

Have questions? Reach out to me, I’d love to help you along this path!

Staci's Links:
Instagram. Website.

The School for Small Business Podcast is a proud member of the Female Alliance Media.

To learn more about Female Alliance Media and how they are elevating female voices or how they can support your show, visit femalealliancemedia.ca.

Head over to my website https://www.stacimillard.com/ to grab your FREE copy of my Profit Playbook and receive 30 innovative ways you can add more profit to your business AND the first step towards implementing these ideas in your business!