Foundations of Strong Financial Systems with Meryl Johnston

Numbers. Finances. Financial reports and systems.  These are just some of the words that challenge business owners often but something that is extremely  crucial in any business.  But what if you don’t consider yourself a numbers person? If you can resonate, then this podcast is for you.  In this episode, Samantha and Meryl talk about what you need to know to be confident in knowing your numbers and building a strong financial system that will work for you.  WHAT YOU’LL DISCOVER IN THIS EPISODE: Tips on financing your way into a business (8:58) First stepping stone to building your business (11:14) The Profit First methodology (12:34) Being confident with numbers (15:30) Importance of getting the right team for your business (17:00) What knowing your numbers actually mean (17:23) The two key financial reports you need to have (19:13) Elements of a financial system (19:46) Do you need to use an accounting system like Xero straight away? (21:38) Disadvantages of using a Spreadsheet in the long run (24:21) Communicating with your accountant (26:03) Financial system frameworks (27:20) For full show notes and links visit: https://samanthariley.global/podcast/158 Haven’t left a review yet?  We’d love your help to get to 100 reviews.  All you have to do is go to http://samanthariley.global/itunes Thanks so much for your support of the show! Do you have a guest suggestion for the Thought Leaders Business Lab podcast, a suggestion for a topic, or maybe a question you’d like answered on the show?  Click here and let us know: https://samanthariley.global/submit-suggestion/