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Ep 673. Run a Better Business this Year

⏱️ 54:03 🎤 Caleb Auman, Joseph Pacastro, Carla Pacastro
AUDIO EPISODE
Ep 673. Run a Better Business this Year
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Chapters

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  • 0:00
    Leanscaper Intensive Event
    The hosts promote the Leanscaper Intensive event in Scottsdale, Arizona, featuring high-profile speakers and specialized tracks for business growth.
  • 1:54
    Sponsor Acknowledgments
    Caleb thanks the episode's sponsors, including Company Cam, LMN, Hardscape Academy, Steel Wrist, Leanscaper, Hardscape North America, and Cycle CPA.
  • 3:49
    Tax Season Challenges
    Joseph and Carla Pacastro discuss the busy tax season for their accounting firm, focusing on onboarding new businesses, 1099 processing, and year-end financial checklists.
  • 9:14
    Fractional CFO Explained
    The guests explain Cycle CPA's fractional CFO service, highlighting its role in managerial accounting, tax planning, and strategic advisory for green industry businesses.
  • 14:38
    Integrating LMN, Cycle CPA, QuickBooks
    Carla details how LMN, Cycle CPA, and QuickBooks work together to provide comprehensive financial management, from estimating and budgeting to accounting and reconciliation.
  • 34:07
    The Value of Financial Clarity
    Caleb passionately advocates for the peace and clarity that comes from understanding business finances, comparing it to playing a game with clear rules and goals.
  • 53:38
    Preparing a Business for Sale
    Joseph and Carla discuss key factors that make a business attractive for sale, such as high margins, a strong leadership team, and a diversified client base.
  • 58:25
    Contacting Cycle CPA
    The guests provide information on how to contact Cycle CPA for a consultation, emphasizing the value of a Zoom call to review processes and reports.

Speakers

C
Caleb Auman
Host
J
Joseph Pacastro
Cycle CPA
C
Carla Pacastro
Cycle CPA

Key Takeaways

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Prioritize financial clarity early in your business journey; integrate proper accounting and budgeting systems (like Cycle CPA and LMN) from the start to understand your financial health.

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Utilize fractional CFO services to gain strategic financial oversight without the cost of a full-time CFO, enabling forward-thinking decisions on cash flow, debt, and investments.

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Ensure your business software (CRM, accounting, estimating) is integrated and reconciled; this aligns your financial numbers with your operational goals and provides accurate data for decision-making.

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Embrace financial accountability; regular review meetings with financial professionals can push you to meet targets and improve overall business performance.

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Understand your industry benchmarks; knowing how your business compares to industry averages in various categories can highlight areas for improvement and empower strategic focus.

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Prepare your business for potential sale from day one by focusing on higher profit margins, reducing owner dependency, building a strong leadership team, and diversifying your client base.

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