Ep. 12 How to Maximize Profits as Your Business Grows: A conversation with CFO Frances Joseph

In this episode of Kicking Ass and taking Names, host Marlon interviews Francis Joseph, a certified Profit First accountant, who shares her journey from aspiring doctor to successful accountant. They discuss the importance of proper accounting practices for small businesses, the roles of bookkeepers, controllers, and CFOs, and how to effectively use financial statements for growth. The conversation also delves into the Profit First methodology, emphasizing the need for business owners to prioritize profit and pay themselves appropriately. In this conversation, Frances Joseph and Marlon discuss the Profit First methodology, emphasizing its practical implementation for business owners. They explore the importance of understanding financial management, tax obligations, and strategic spending decisions. The discussion highlights the role of accountants and tax strategists in helping businesses thrive, as well as the significance of self-care for business owners. Key takeaways include the necessity of knowing one's numbers, planning for future growth, and the value of having the right financial professionals on your team.