A healthy business is profitable, generating sufficient cash flow from its core operations. It has a solid financial foundation to support the business. If it doesn’t, it could be making sales, but isn’t really making money. Many times, business owners do not have a grasp on their financials. And how can you make effective business decisions if you don’t know your numbers? That’s where FocusCFO comes in.
Host Mary McCarthy talks to Jeff Lacy, the Area President in Worthington for FocusCFO. It is an Ohio-based professional CFO services practice, that offers a flexible and affordable alternative for businesses throughout Ohio that need access to high-level financial expertise but don’t want to hire a full-time CFO. Their typical client has sales of $2 million to $20 million and five to 100 employees.
It’s important to see your full financial picture to know where your small business is going.
“I look at budgeting and forecasting as like my GPS. Why wouldn’t I want to take advantage of that if I could? Just allow me to get where I’m going faster, easier, and more efficiently.” ~ Jeff Lacy
What You Will Learn In This 15-Minute Podcast:
- Key elements to a healthy business
- Who should be included on a small business team of advisors
- The three questions business owners should ask themselves about their cash flow
This episode is sponsored by FocusCFO – The CFO Company®
Thank you to podcast sponsor Pathways Financial Credit Union. They offer business loans with a competitive interest rate and flexible terms. They have locations in Columbus, Delaware, and Marysville, Ohio.
About our guest Jeff Lacy:
About our Host Mary McCarthy
- Host, The Successful Micropreneur Podcast
- CEO, YMT Consultants
- Co-Founder of the Women’s Small Business Accelerator, Inc.
Mary McCarthy is the President of YMT Consultants, an entrepreneurial consulting and training firm in the Columbus, Ohio area. It focuses on one-on-one work with microbusiness owners (businesses with 20 or fewer employees, including the solopreneur), assisting them to monetize and create systems for their small businesses.