In Ep. #43 of the #FoundersGuidePost Podcast, I had the pleasure to sit down and talk with Neil Patel of Patel Advisory Group, PC.
Neil is an expert who helps entrepreneurs gear up to exit their business. He focuses on refining business systems and improving financial literacy, which allows for crystal clear decision-making and successful transitions.
Neil stressed how crucial it is to view financial statements as more than just tools for tax preparation. Financials should be leveraged for strategic planning and managing resources effectively.
We also talk about Neils business model where he guides clients through a reevaluation and restructuring of their financial systems and processes when their existing strategies falter.
Neil helps businesses streamline their systems and financials for a buyer. Listen to this episode and understand how to shift your perception of financial statements to increase the value of your business.
What You'll Learn:
1. Optimize Business Systems for Exit Readiness: Business owners looking to exit should focus on refining their business systems and financial operations to ensure maximum profitability and smooth transitions.
2. Leverage Financial Statements Strategically: Utilize financial statements not just for tax purposes but as essential tools for strategic planning and resource management to drive better business outcomes.
3. Align Business Strategies with Personal Goals: Ensure your business strategies and operations align with your personal aspirations and goals.
LOVED this episode? Leave us a review and rating here: https://podcasts.apple.com/us/podcast/founders-guide-post/id1648393214
Links & Resources:
Reach out to Neil Patel at (480)-626-9270.
Want to learn more about Patel Advisory Group, PC? Check out their website!
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About the Guest:
Neil P. Patel is a Certified Public Accountant and has been the owner of Neil P. Patel, CPA PC since 1999. Neil works with small to medium enterprises to help them drive profitability and growth through better financial management.
Neil started his practice from the living room of his parent's home in 1999. In 2005 he acquired a tax and accounting firm which, at that time, was 3 times his size. Neil strongly believes that small business has been and continues to be the backbone of the U.S. economy. He takes a no-nonsense approach to educating and guiding his clients to achieve their goals and realize their vision.
Prior to starting his practice, Neil worked with various public and private companies working his way up to controller. As the controller of companies of this size, he was provided with an understanding and knowledge of all the critical areas of a business necessary to run a successful enterprise. This experience has been invaluable in advising his clients, impacting the performance of their business and elevating profitability.
Neil graduated with a bachelor's degree in business administration from Loyola University of Chicago. He sat for the CPA exam shortly after graduation and passed the first time. Neil is a member of the Arizona Society of Certified Public Accountants.
