))
Profit or Perish: Matt Powell's Money Management Masterclass
Manage episode 378536002 series 3490137
Content provided by Steve Class. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Steve Class or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
How can a fractional CFO help your business? Matthew Powell is the founder of the Powell Finance Group, a “full-stack financial firm” that is helping startups by organizing and categorizing business finances in a simple, easy-to-understand way.
In today’s illuminating episode of Service Business Success with Class, Matthew is chatting to Steve about how he ended up studying personal finance after a potential career as a sports professional went awry.
He’s also sharing his insights with Steve on the Profit First Method, helping us better understand the concept of fractional CFO services. It’s an incredible niche service that could provide you and your business with the numbers, KPIs, and forecasts you need to back up your big-money decisions – all at a fraction of the cost.
As usual, Steve Class brings his everyman appeal to the conversation, impressing upon us all just why we need to take our finances seriously with the questions he’s asking of a very erudite entrepreneur! Please join us.
“I think a lot of people in today’s society are so caught up in everyone deserving a raise. And I think what people forget is, they can create the raise for themselves.” ~ Matthew Powell
In This Episode:
- How a car accident (almost) curtailed Matt’s baseball career
- What drove Matt to learn about personal finance?
- Matt’s early involvement with The Savannah Bananas
- What drove Matt to entrepreneurship (the business plan side hustle)
- What did Matt learn about himself (and business) during COVID?
- What is an SBA loan – and how can it work for you?
- How did Matt go ‘all-in’ on his fractional CFO services?
- What is Matt’s ideal client avatar?
- How much should you pay yourself as a business owner?
- Unpacking the Profit First Method
- What personal expenses can you write off as business expenses?
- Can you use your kids as a tax write-off?
- Can you pay yourself rent if you run a business from home?
- The value of converting your LLC into an S Corp
Connect with Matthew Powell:
Website - https://www.powellfinancegroup.com/
X - https://x.com/MattPowellCFO
Connect with Steve Class:
Instagram - https://www.instagram.com/steveyclass/
Property Management - https://www.newenglandpropertymanagementllc.com/
Realty Service - https://www.newenglandrs.com/
Website - http://succeedwithclass.com/
25 episodes
Share
