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The Boosting Your Financial IQ podcast deconstructs accounting and financial concepts to provide listeners with a holistic understanding of how money works and how to create more value. The host, Steve Coughran, brings his wealth of experience working as a business owner, management consultant, and CFO to share examples, stories, and analogies that deepen business acumen and build skills related to financial literacy. Boosting Your Financial IQ centers in on financial and accounting topics t ...
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Send us a text In this episode of Boosting Your Financial IQ, Steve Coughran emphasizes the importance of proactively managing finances in both business and personal life by following a simple yet powerful principle: pay yourself first. He guides listeners on how to set aside profit consistently by calculating a desired profit percentage, establish…
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Send us a text Not understanding cash flow can put your business at serious risk. In this episode of Boosting Your Financial IQ, Steve Coughran emphasizes the critical importance of mastering free cash flow for business success. Drawing from his own experiences and real-world examples, Steve highlights how businesses often focus too much on profit …
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Send us a text Not understanding financial statements can cost your business big time. In this episode of Boosting Your Financial IQ, Steve Coughran shares his personal experience of guessing his way through business finances early on and the costly mistakes he made. Steve discusses why mastering financial literacy is critical for making smarter de…
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Send us a text Learn why having profits doesn't always mean having cash and how it could be holding your business back. Steve breaks down common cash flow issues and explains how your inventory and accounts receivable might be tying up cash. In this episode, you'll discover strategies to free up working capital, improve cash flow, and avoid the pit…
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Send us a text In this episode of Boosting Your Financial IQ, Steve takes you behind the scenes and shares a personal story about how the podcast started and how it evolved over time. He also reveals a shift in focus towards his other podcast, Business Strategy and Finance, which combines strategy and finance for entrepreneurs and business owners. …
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Send us a text In this episode of Boosting Your Financial IQ, Steve Coughran discusses a critical yet often overlooked issue for fast-growing businesses—managing capital intensity. He explains how, even with profitability, a business can face bankruptcy if working capital and capital expenditures are mismanaged. Steve shares insights and practical …
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Send us a text In this episode of Boosting Your Financial IQ, Steve emphasizes the critical importance of knowing your numbers to achieve success in business. Drawing insights from billionaire Tilman Fertitta’s book Shut Up and Listen, he shares how understanding key financial metrics like customer acquisition costs, lifetime value, and working cap…
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Send us a text In this episode, Steve discusses the key strategies for boosting financial success, including innovative investment ideas, smart savings tips, and effective debt management techniques. Tune in to learn practical advice for improving your financial health and achieving long-term wealth. Here's how to get started with Boosting Your Fin…
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Send us a text Uncover surprising insights from over 1,000 Financial IQ assessments and learn why many struggle with financial decision-making. Explore how enhancing your financial literacy can drive business success and personal growth. Discover key strategies for creating value, boosting financial skills, and achieving financial freedom. Tune in …
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Send us a text In this episode of Boosting Your Financial IQ, Steve reveals the top five financial skills he wishes he had when starting his business. From mastering financial statements to advanced forecasting and valuation techniques, Steve shares practical insights that can transform your business acumen. Whether you’re a business leader, owner,…
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Send us a text In this episode of Boosting Your Financial IQ, Steve delves into the importance of financial skills and how mastering them can drive business success. Drawing from his experience as a CFO and his work with multi-million and billion-dollar companies, Steve highlights key concepts like building accurate forecasts, understanding LTV to …
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Send us a text Are you making the same costly mistakes in your business without even knowing it? In this episode of "Boosting Your Financial IQ," we dive deep into the three essential financial statements every business owner must know: the income statement, balance sheet, and statement of cash flows. Learn how to leverage these tools to drive prof…
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Send us a text In this episode of BYFIQ, I dive into a fascinating analogy between overconfidence in the kitchen and financial literacy in business. It all started while watching an episode of MasterChef, one of my favorite shows. I was struck by the overconfidence of a contestant named Mark, who presented a lackluster breakfast to the judges, thin…
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Send us a text If you are looking for a greater return on investment, today I am detailing what business owners and entrepreneurs need to know about how to calculate their ROI and monitor the financial health of a business for an accurate accounting of where your business stands financially. Furthermore, we will dive into assessing and calculate sp…
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Send us a text In this episode of Boosting Your Financial IQ, I delve into the five essential finance skills you need to become a value creator in any business. Drawing from my extensive career as a CEO, CFO, and investor, I share practical insights into understanding the fundamentals of finance, analyzing financial statements, forecasting, valuing…
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Send us a text In this week’s episode of "Boosting Your Financial IQ," I explore critical financial concepts you need to know and understand. While there are countless financial metrics and theories, today, I’m cutting through the noise to focus on the six key concepts essential for maximizing free cash flow and, consequently, company value. Join m…
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Send us a text Are you entrusting your financial future to someone else without understanding the basics? Learn why this approach can be a critical error and how you can avoid it. In this episode of "Boosting Your Financial IQ," I explore the necessity of financial literacy in business and personal finance. Reflecting on past financial disasters li…
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Send us a text Unlock the secrets to mastering cash flow analysis and elevate your financial savvy to the level of a CFO. In this enlightening episode of Boosting Your Financial IQ, I dive deep into the critical importance of cash flow for any business, revealing why even profitable companies can face bankruptcy without proper cash management. I'll…
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Send us a text Join me on this enlightening episode, where I dive into the cornerstone of financial analysis: the balance sheet. As a CFO with years of experience navigating financial landscapes, I am taking you on a guided tour through the intricate world of financial statements. In this episode, I strip away the complexity surrounding balance she…
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Send us a text Ever wished you could interpret your company's income statement like a seasoned CFO? Unlock the secrets of financial literacy in my latest episode, where I break down the income statement into its core elements—revenue, expenses, and profits. Just as fluency in a new language opens doors to a new culture, mastering financial statemen…
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Send us a text In today’s fast-paced world, it's easy to lose sight of our true aspirations amidst daily demands. Consider this episode your weekly dose of inspiration and practical advice, helping you to pause, reflect, and realign with your life's purpose. By spending time intentionally plotting your goals, you’ll cultivate a clearer vision of yo…
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Send us a text From running a landscape company as a teenager to founding a consulting firm, my journey has been anything but ordinary. Join me as I share how dropping out of college and facing numerous setbacks led me to a deeper understanding of financial statements and the value of paying for my own education. Discover how choosing the harder pa…
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Send us a text Join host Steve Coughran in this enlightening episode of the Boosting Your Financial IQ podcast as he unveils the three essential financial insights every CEO should master. Without revealing the specifics, Steve teases listeners with the promise of valuable knowledge that can transform your business approach. Discover how understand…
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Send us a text Welcome to Boosting Your Financial IQ, I'm Steve Coughran, your host. Today, we're exploring one of the most crucial yet often overlooked metrics in business: throughput. Throughput measures the rate at which a system can produce results, whether it's revenue per hour, gross margin per hour, or any other financial metric as a functio…
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Send us a text Welcome to Boosting Your Financial IQ. Today, we're diving deep into "The Most Critical Things to Know About Free Cash Flow." Free cash flow (FCF) is a cornerstone metric for investors, analysts, and business leaders alike, offering a window into a company's financial health and operational prowess. Here are the five key takeaways: F…
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Send us a text Welcome back to Boosting Your Financial IQ, I'm your host Steve Coughran. Today, we're delving into "What You Need to Know About Working Capital." Understanding this financial metric is essential for maintaining the health of your business. We'll define what working capital is and unravel the distinction between operating and working…
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Send us a text Welcome to Boosting Your Financial IQ with your host, Steve Coughran. Today, we're diving into "The Ins and Outs of CapEx." Capital expenditures, or CapEx, are vital for business growth, but understanding them is key. We'll explore how companies establish thresholds for CapEx, ensuring investments align with strategic objectives. Del…
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Send us a text Welcome to Boosting Your Financial IQ podcast with your host Steve Coughran. In this episode, we explore the world of investing in the business of childcare with Patrick Bell, CEO of Finexia. Patrick sheds light on why childcare is a unique and promising investment opportunity, highlighting its resilience in the face of economic fluc…
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Send us a text Welcome to Boosting Your Financial IQ, I'm your host Steve Coughran. Today, we're diving into "Straight-Up Advice for Those Making Financial Decisions". In the fast-paced world of business, financial literacy isn’t just an asset; it’s a necessity. You might think finance is only for the birds, but if so, you’re not alone; most people…
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Send us a text Dive into an exciting episode of the Boosting Your Financial IQ podcast with host Steve Coughran! Join us as Steve unveils significant changes to the show's format, promising to elevate your business success by delving deeper into the language of money. Discover how these tweaks will enhance your learning journey and provide even gre…
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Send us a text Major stories developing on the global economic front, including: Bridge Collapse Creates Cargo Chaos US Fueling Changes in Oil Markets Chasing the Gold Rush The Truth Hurts: Trump’s IPO Flop Navigating Trouble Bridgewaters The Rate-Cut Rollercoaster Continues Something in the Way Xi Moves Phone Diplomacy Tesla Gets a China Shock Inv…
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Send us a text In this compelling episode of the Boosting Your Financial IQ podcast, host Steve Coughran is joined by DJ Ologo, the Managing Director of Aso Custom Homes LLC, for a deep dive into "What You Need to Know About Foreclosures." The discussion unfolds the complexities of home foreclosure, providing listeners with a clear understanding of…
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Send us a text Major stories developing on the global economic front, including: Big Tech Under EU Scrutiny Goldman’s Golden Commodities Outlook Bond Traders Play Rate-Cut Roulette Powell’s Employment Balancing Act Japan’s Currency Chief Sounds Alarm China’s Stealthy Stimulus Package Boeing Changes Their Flight Plan Elon Takes the Wheel at Tesla We…
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Send us a text In today's episode of "Boosting Your Financial IQ," host Steve Coughran delves into the "3 Things to Measure in Any Business," simplifying the complex world of finance for leaders inundated with metrics, KPIs, and detailed reports. This clutter of data can often cloud judgment, steering focus away from the true drivers of financial s…
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Send us a text In this enlightening episode of the "Boosting Your Financial IQ" podcast, host Steve Coughran sits down with Soufyan Hamid, Founder of the Finance Circle, to delve into "Navigating Beyond the Numbers." The conversation kicks off with a discussion on the challenges finance professionals, especially those with an accounting background,…
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Send us a text Major stories developing on the global economic front, including: Government Funding Fiasco Averted… For Now Biden Unveils Bold Budget Agenda Wall Street Vexed by Tech Valuation Wall Street Bets on Boring Gold Glitters Amidst Inflation Uncertainty Boeing Experiencing Heavy Turbulence Bitcoin Bounce Creates Thousands of Millionaires I…
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Send us a text In this insightful episode of the Boosting Your Financial IQ podcast, host Steve Coughran sits down with DJ Ologo, the Managing Director of Aso Custom Homes LLC, to explore the intricate world of "Creating or Investing in a Real Estate Fund." Together, they delve into the essential aspects potential investors should be aware of befor…
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Send us a text Major stories developing on the global economic front, including: Congress’ Patchwork Plan to Avert Shutdown Nvidia’s Rise Echoes Tesla Hype Train Bond Bulls Buy the Dip Investors Up Their Macy’s Bid NYCB Face Real Estate Reckoning China Unveils Lofty Economic Ambitions China Doesn’t Bite on Apple JetBlue Grounds Spirit Takeover Plan…
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Send us a text Welcome to another episode of Boosting Your Financial IQ with your host, Steve Coughran. Today, we're delving into a critical topic: "Don’t Let Growth Bankrupt Your Business." It's a cautionary tale we often overlook amidst the allure of expansion. Ignoring or inadequately managing working capital can swiftly lead to financial turmoi…
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Send us a text Major stories developing on the global economic front, including: Budget Battle in Congress as Shutdown Looms US Dollar is Riding High NVIDIA Surge Sparks Market Shakeups Apple Ditches EV for AI Wood Trades Chips for Code Buffet Sits on Record Reserves Ant Overruns Citadel Telecom Titan Considers Takeover Xi Scrutiny Spurs China Brai…
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Send us a text Welcome to another enlightening episode of Boosting Your Financial IQ, I'm your host, Steve Coughran. Today, we're delving into "3 Financial Terms that Will Make You Sound Smarter in Business". Whether you're discussing profit margins, capital expenditures for equipment, or my personal favorite, free cash flow, understanding these ke…
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Send us a text Welcome back to Boosting Your Financial IQ, I'm your host, Steve Coughran. Today, we're diving into a critical issue affecting millions: living paycheck to paycheck. With over 60% of Americans caught in this cycle, it's clear that relying solely on wages makes it incredibly challenging to get ahead financially. However, there's hope.…
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Send us a text Major stories developing on the global economic front, including: Capital One Discovers Golden Opportunity To Hike or To Hold? Home Depot’s Slumping Sales China’s Rate Cut Gamble Japan’s Economic Reckoning UK Recession Puts Sunak Under Scrutiny Barclays Banks on Bold Transformation Productivity Boom Powers Economic Efficiency FinWeek…
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Send us a text In this episode of Boosting Your Financial IQ, your host Steve Coughran delves into the crucial topic of "What You Need to Know About Financial Statements." As a seasoned financial expert, Coughran guides listeners through the essential components of the income statement, balance sheet, and statement of cash flows. By breaking down t…
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Send us a text Major stories developing on the global economic front, including: January’s CPI Surprise Fed Moves Leave Bond Traders Second Guessing New Inflation Metrics Signal Rate-Cut Rethink The Pricing Power Predicament Navigating the Soft Landing Private Equity’s Diminishing Returns Diamondback’s Permian Power Play Tesla Hits the Skids Temu’s…
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Send us a text In this episode of Boosting Your Financial IQ, host Steve Coughran engages in an insightful conversation with Jesse Rubenfeld and Tom Zehentner from FinOptimal on the topic of "Automating the Finance Function." Together, they delve into the strategies and benefits of automating financial operations within organizations. Rubenfeld and…
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Send us a text Major stories developing on the global economic front, including: Powell’s Rate Rollercoaster The Big Apple’s Big Sale Canada’s Foreign Buyer Ban Tech Titans Defy Gravity Wage Hikes Signal Japan Recovery Snap Snips Staff Boeing Crashing Down to Earth? Xi Moves in Mysterious Ways Wall Street Looks to the East New York Community Bancor…
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Send us a text Welcome, financial enthusiasts, to another episode of Boosting Your Financial IQ with our host, Steve Coughran. Today, we have a captivating discussion with Paul Barnhurst, the visionary Founder of The FP&A Guy, focusing on "The Power of Financial Modeling and FP&A." Steve delves deep into the conversation, exploring not just the imp…
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Send us a text Major stories developing on the global economic front, including: Iran-Backed Missiles Make Economic Impact Evergrande, Nevermore China Races to Rescue Economy Naked & A Fraud: South Korea Exposes Short Sellers U.S. Real Estate Resurgence? Morgan Stanley Bullish on Banks Big Tech’s Big Earnings Week No Room For Roomba at Amazon Reddi…
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Send us a text Welcome to the Boosting Your Financial IQ podcast with your host, Steve Coughran. In today's episode, we have a thought-provoking discussion with Leland Gross, Founder of Peace Link Financial Planning, on the topic of "Don't Let This Tax Strategy Bankrupt You." We delve into the common misconception that minimizing taxable income, pa…
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