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What You'll Learn In Today's Episode:

  • The Importance of Good Bookkeeping: Without proper bookkeeping, it becomes challenging to measure practice metrics, plan for taxes, sell a business, secure financing, or bring in a partner. Effective bookkeeping is essential for the overall health and success of a business.
  • The Limitations of DIY Solutions: Attempting to handle everything oneself or opting for cheaper solutions can result in financial inefficiencies, missed opportunities, and a lack of expertise. Sometimes, investing in professional expertise is more cost-effective and beneficial in the long run.
  • The Value of Delegation: Delegation, especially for simpler tasks like bookkeeping, can free up time and allow entrepreneurs to focus on more valuable aspects of their business. Delegating tasks can lead to increased productivity and business growth.
  • Overcoming the Fear of Delegating: Some business owners may resist delegating because they fear appearing incompetent or failing, but seeking help from experts can lead to improvement, and that it’s essential to acknowledge one’s limitations. Overcoming the fear of delegating is crucial for personal and business growth.
  • The Importance of Objective Financial Insight: Objective financial guidance from professionals can lead to better financial decision-making and business success.

In today’s episode, Matt is joined by Lisa Zeeveld, CFO of Belay, to discuss the ways delegating bookkeeping can help you elevate your business. In a culture obsessed with DIY fixes, Lisa shares the harsh truths about how trying to save a buck can cost you much more in the long run. From cleaning up your financial books to letting go of that ‘jack of all trades’ mentality, she’ll challenge your financial assumptions, making you rethink how you manage your money and business.

Resources In Today's Episode:

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