The 4 People You Want on Your Money Team - Ep 168

Every growing business owner needs a money team if they plan to achieve their financial goals and scale smartly. This episode explores the essential roles within a money team: the bookkeeper, CPA accountant, financial advisor, and CFO. Through the lens of a client story, Danielle Hayden explores how these roles work together to manage the financial health and growth of a business. She also discusses when businesses should hire a CFO, and how Kickstart Accounting Inc. provides CFO services to clients. Tune in for practical tips and resources for building your money team!   Key Takeaways: Growing businesses need a comprehensive financial team, including a bookkeeper, CPA accountant, financial advisor, and CFO (or business coach). This team can be assembled over time as a business grows. Every member of a money team works together to optimize the financial health and strategic planning of a business, from bookkeeping and growth strategy to tax compliance. Hiring a CPA for tax services helps ensure accuracy, compliance and optimization of tax benefits, which becomes increasingly important as a business grows. Financial advisors play a critical role in wealth management and retirement planning, helping business owners maximize and protect their profits for financial security. While not every business is ready to hire a CFO, business owners can independently adopt CFO strategies to reach their personal and financial goals.   Topics Discussed: The four key players on a money team (2:13) The fundamental role of bookkeeping (2:25) Tax prep and strategy with a CPA (4:52) Personal finance planning with a financial advisor (6:58) How CFOs help businesses reach their goals (9:27) Kickstart Account Inc.'s CFO framework: a client success story (12:04) Deciding when to hire a CFO (15:31) How to leverage CFO strategies in your business (16:23) This week's homework: applying Danielle's insights (18:40)   Resources: Learn more about Kickstart Accounting Inc.'s CFO Services: https://kickstartaccountinginc.com/CFO Learn more about KSA Tax Partners:  https://ksataxpartners.com/ Download the Financial Goal-Setting Worksheet: https://kickstartaccountinginc.com/goal/ Check out the Kickstart Accounting Inc. Build Your Own Budget Course for Entrepreneurs: https://www.e-suite.co/BYOB   Connect with Kickstart Accounting Inc.: Instagram | https://www.instagram.com/Kickstartaccounting YouTube |  https://www.youtube.com/@businessbythebooks Facebook | https://www.facebook.com/kickstartaccountinginc