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Strategic Financial Mastery w/ Nolan Bradbury
Manage episode 429501520 series 3393253
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Join us for an insightful episode as we explore the essential role of accounting in business with our special guest, Nolan Bradbury, founder of Bradfield Accounting and Advisory. We discuss why accounting should be a strategic tool for business owners rather than an afterthought. By comparing financial health to physical health, we highlight the necessity of consistent attention to accounting practices to drive profitability and make informed decisions. Nolan shares how a strategic approach can transform intuition-based decision-making into data-driven insights, especially as businesses scale.
We also cover the importance of choosing the right financial partner, whether it's a bookkeeper or CPA, and how these relationships should be viewed as partnerships. Personal anecdotes illustrate the significant benefits of finding a financial partner who aligns with your business needs and communication style. Furthermore, we tackle the challenges of navigating growth plateaus, using the rule of three and ten to demonstrate how outdated practices can hinder progress and the importance of process adjustments as businesses expand.
Lastly, we emphasize the critical alignment of business growth goals with personal lifestyle aspirations. Real-life examples show how understanding true motivations behind business goals can lead to better work-life balance and satisfaction. Nolan's unique approach in the accounting industry stands out, offering proactive steps and education for small business owners. Listen in for valuable takeaways on strategic financial planning, tax management, and empowering business owners through education.
Connect with Nolan here:
Website: https://bradfieldco.com/
Linkedin: https://www.linkedin.com/in/nolan-bradbury/
Timestamps:
(00:14) Understanding the Importance of Accounting
(13:09) Choosing the Right Financial Partner
(20:45) Navigating Growth Plateaus in Business
(26:04) Realigning Goals for Business Growth
(29:18) Realigning Business Goals for Success
(35:52) Navigating Strategic Growth Decisions
(43:16) Proactive Financial Planning for Business
(49:41) Managing Business Taxes and Finances
(59:43) Empowering Small Business Owners Through Education
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#Finance #Accounting #business
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