Practical Steps to Manage Small Business Finances with Linda Karressy

Priority Pursuit

When managing the finances of a small business, precision and proactive planning are important to sustainability and growth.
Every dollar matters, and knowing how to manage your money can really help your business succeed.
In today's episode, we're thrilled to have Linda Karressy, a fractional CFO and trainer for service-based businesses and nonprofits, join us. Linda brings her expertise from founding and leading Insight Financial Group and Insight Business Academy. We cover essential financial practices, how to streamline accounting processes, and tips for financial planning. Linda shares invaluable insights that can help any small business owner better manage their finances and plan for future growth.
Tune into our full episode for more detailed guidance and start mastering your finances today!
Specifically, this episode highlights the following themes:

• Understanding the importance of cash flow in small businesses
• Tips for separating personal and business finances
• Practical steps for effective financial management

Other Mentioned Links & Resources

Learn more about Insight Financial Group:
https://insightfinancialindy.com
Learn more about Linda Karressy:
https://www.linkedin.com/in/linda-diakite-karressy-8b953b
Subscribe to Linda Karressy’s YouTube Channel
https://www.youtube.com/channel/UCagsc9OWR_HN4cI2MhgoUXQ
Learn More About Treefrog’s Small Business Marketing Resources & Services:
https://www.treefrogmarketing.com
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https://www.treefrogmarketing.com/honeybook-coupon-code
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Chapters

1. Introduction (00:00:00)

2. About Linda Karressy (00:01:31)

3. Entrepreneurs must handle many business functions (00:04:47)

4. Training team on accounting cycle and oversight (00:09:18)

5. Financial check-ins help identify business problems (00:11:39)

6. Business owners should focus on business goals (00:15:15)

7. Evaluate your mindset and knowledge about money (00:19:45)

8. Understanding financial statements is crucial for business (00:25:11)

9. Monitor bank and credit card for fraud (00:29:42)

10. 5 simple steps to organize record keeping (00:32:24)

11. Monitor cash flow for sustained business growth (00:35:40)

12. Track monthly sales, expenses and balances diligently (00:37:42)

13. Connect with Linda Karressy (00:42:03)