Skip to content
POWER100
Join Free
Content

Ep 643. Why You Should Know your Numbers and How it Helps You!

⏱️ 54:18 🎤 Caleb Auman, Joe Paulo Castro
AUDIO EPISODE
Ep 643. Why You Should Know your Numbers and How it Helps You!
0:00
0:00

Chapters

Click to jump to section

  • 0:00
    Welcome and Sponsors
    The hosts welcome listeners and thank various sponsors, highlighting Company Cam's utility for project documentation.
  • 1:33
    Introducing Cycle CPA
    Caleb introduces Joe Paulo Castro from Cycle CPA, discussing the journey from using LMN for macro understanding to needing true accounting and proactive budgeting.
  • 7:11
    Bridging LMN and CFO Services
    Joe explains how LMN's forward-loading budget and pricing complement CFO-type financial management for a complete financial picture.
  • 11:15
    Proactive Financial Discipline
    Caleb shares personal experiences with Angel from Cycle CPA, detailing how her guidance provides forced discipline for winter savings and cash flow projections.
  • 17:01
    ROI of Financial Services
    Joe and Caleb discuss how viewing financial services like a CFO through an ROI lens, rather than just an expense, is crucial for growth-minded businesses.
  • 34:09
    Strategic Tax Planning
    The discussion shifts to strategic tax planning, emphasizing how proactive tax management helps in making informed financial decisions and planning purchases.
  • 50:12
    Understanding Debt Levels
    Caleb and Joe delve into what constitutes 'too much debt,' using the liabilities-to-assets ratio as a general rule of thumb for industry standards.

Speakers

C
Caleb Auman
Host
J
Joe Paulo Castro
Cycle CPA

Key Takeaways

✦

Implement proactive financial planning with tools like LMN for pricing and budgeting, complemented by fractional CFO services for comprehensive financial management.

✦

Build a substantial cash reserve for seasonal downturns; planning for this early in the year is far more effective than reacting at the last minute.

✦

Utilize financial advisors or fractional CFOs to gain objective insights into your business's financial health, enabling informed decisions without emotional bias.

✦

View investments in financial expertise (like a CFO or specialized accounting services) as an ROI, not just an expense, especially when aiming for significant growth.

✦

Engage in strategic tax planning throughout the year to optimize tax liabilities and align purchasing decisions with your financial goals, rather than making reactive, year-end moves.

✦

Understand your company's debt-to-asset ratio; while views on debt vary, knowing this metric helps assess financial risk and ensures sustainable growth.

Want the full experience?

Join Power100 for full access to every episode, AI-powered insights, personalized coaching, and a network of industry leaders.

Join Power100 →