Think Like a CFO: The Financial Skills Every Founder Needs

Can you really grow your business if you don't understand your numbers? Many entrepreneurs delegate their finances as soon as they can afford to, but what happens when you're so removed from your financial data that you can't make informed decisions about hiring, growth, or profitability? In this episode of Life Changing Money, Barbara sits down with CFO strategist and educator Rehana Mohamed, whose mission is to help founders think like CFOs. Drawing from her background in accounting, consulting, and executive leadership, Rehana shares how business owners can use financial data to make smarter decisions, avoid costly mistakes, and create sustainable growth. The conversation explores the financial blind spots many entrepreneurs face, the importance of understanding what you're delegating, and how leaders can maintain oversight without getting lost in the day-to-day details. Rehana also shares practical insights on family finances, teaching children healthy money habits, and why surrounding yourself with the right people can dramatically accelerate your growth. Tune in to hear: Why every founder should learn to think like a CFO The difference between collecting data and making decisions from data How financial clarity impacts hiring and scaling decisions Common mistakes business owners make when delegating finances The shocking story of uncovering a $50,000 internal theft Why understanding your numbers creates stronger leadership The importance of financial oversight and checks and balances How to identify subscription leaks and hidden expenses Practical ways to have healthy money conversations with your spouse Teaching kids financial responsibility in an instant-gratification world The power of mastermind communities and proximity to high-level entrepreneurs Why in-person networking and speaking opportunities matter more than ever How Rehana is helping teens become entrepreneurs through action-based education The leadership responsibilities that should never be delegated Connect with Rehana Mohamed https://www.instagram.com/rehanaexplainsitall/ How To Get Involved: Life-Changing Money is a podcast all about money. We share stories of how money has impacted and radically changed the lives of others—and how it can do the same for you. Your host, Barbara Schreihans (pronounced ShREE-hands) is the founder and CEO of Your Tax Coach, and the creator of the Write Off Your Life Course. She is a top tax strategist, business coach, and expert in helping business owners and high-net-worth individuals save millions in taxes while increasing profits. When she’s not leading her team, coaching clients, or dreaming up new goals for her company, you can find her drinking coffee, hanging out with her family, and traveling the world. Grab a cup of coffee and become inspired as we hear from those who have overcome and are overcoming their self-limiting beliefs and money mindsets! Do you have a burning question that you’d love to hear answered on a future show? Please email it to: [email protected] Sign Up For Our Newsletter Life Changing Money Podcast Get Tax Help!