Episode 168 - Financial Foundations for Smart Team Growth: Essential Money Moves for Scaling with Lisa Turner
Why You’ve Got To Listen To Today’s Episode:
In this super practical and easy to digest episode, Lisa reveals why many business owners feel overwhelmed by their finances and how this leads to avoidance behaviours that can seriously impact your growth potential. She shares practical tips for moving from financial anxiety to confident decision-making, particularly when growing your team.
What You'll Learn:
- Why understanding your numbers is critical before making hiring decisions
- The common financial mistakes that may be sabotaging your business growth
- How to determine if you're financially ready to hire your next team member
- Practical systems to manage cashflow and prevent tax-time surprises
- Essential financial reports every business owner should regularly review
- The crucial difference between revenue, profit, and cashflow
- Why the "bank balance method" of decision-making is a dangerous trap
Resources Mentioned:
- Lisa's upcoming Learning Hub - covering financial basics for business owners
- Profit First methodology - a framework for managing business finances
Connect with Lisa Turner:
- Website: accountedforyou.com.au
- Instagram: @accountedforyou
- Lisa’s Podcast - Your BookKeeping Matters https://accountedforyou.com.au/your-bookkeeping-matters-podcast/
Podcast: "Your Bookkeeping Matters" - Freebie: Xero Money Saver Guide
SHOW NOTES:
Connect with Paula:
Ready to transform how you lead your team and create the kind of responsibility and ownership that frees you up to work ON your business rather than IN it? Book a complimentary Book a Dream Team Discovery Call to discuss your specific situation.
Website: https://paulamaidens.com/
Instagram: https://www.instagram.com/paulamaidensconsulting/
Facebook: https://www.facebook.com/paulamaidensbuildingawesometeams
LinkedIn: https://www.linkedin.com/in/paulamaidens