Your Financials Are a Crystal Ball (If You Know How to Read Them)

Do you believe Your Financials Are a Crystal Ball (If You Know How to Read Them)? For many founders, finance is intimidating, but it's the key to predicting your company's future. In this interview, CPA and former forensic accountant Angela Rice explains how to use your historical financial data to make better decisions and gain a massive competitive advantage. Learn the difference between a bookkeeper, an accountant, and a CFO ; the #1 rule to prevent employee fraud ; and how to prepare your company for a future acquisition. Check out the company: https://centeredceos.comBook a 1-on-1 advisory session with me to apply these principles to your business: https://calendly.com/wltb/advisory👀 CONNECT WITH SEANSubscribe: https://www.youtube.com/@seanweisbrotLinkedIn: https://linkedin.com/in/seanweisbrotInquiries: [email protected]🕒 CHAPTERS00:00 - Why You're Doomed to Fail Without This Skill05:29 - CFO vs. Accountant vs. Bookkeeper: What's the Difference?07:02 - When (And Who) Should You Hire for Your Finances?08:48 - The #1 Rule to Prevent Employee Fraud15:27 - What a CFO Actually Does (It's Not Bookkeeping)22:10 - When should you hire a CFO26:51 - Accounting Principles (GAAP) Explained Simply33:22 - A Forensic Accountant's Guide to "Cooking the Books"38:27 - How to Prepare Your Company to Be Acquired45:18 - Using Your Financials to Predict the Future📈 WORK WITH ME▶ Book a Paid Advisory Session: https://calendly.com/wltb/advisory▶ Sponsor the Channel: https://www.welivetobuild.com/collaborate▶ My AI/Automation Agency: https://optimai.aiLeave a Review (it truly helps us grow): https://welivetobuild.com/review Hosted on Acast. See acast.com/privacy for more information.