Finance Systems for Your First Year in Business
Outsourced CFO Tricia Taitt returns to our webinar series to help small business owners set up essential financial systems and habits when they start their companies, choose a bookkeeper vs. CPA, pay themselves and more.
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00:00 Webinar Introduction
00:57 Introducing Tricia Taitt, Founder and CEO of Art of Money Matters
02:29 Building a Strong Financial Foundation for Your Business
06:54 5 Ingredients of a Strong Financial Foundation
08:41 Setting Up Legal Entities and Business Accounts
13:38 Ways to Receive and Pay Out Money
18:26 Setting Up Sales Tax as a Product-Based Business
20:17 Tips for Tracking and Managing Cash Flow
25:30 Strategies to Boost Sales and Improve Profit Margins
32:31 Growing a Profitable Business
44:33 Systems for Tracking
49:05 Importance of Cash Tracking
51:11 Hiring Financial Experts
53:18 Final Questions and Closing Words from Tricia Taitt