Riding Tandem | #61 How to Master Your Business Finances and Cultivate Confidence with the CFO Mindset- With Becky Edwards

#61 How to Master Your Business Finances and Cultivate Confidence with the CFO Mindset- With Becky Edwards

November 13, 2024 / 01:52:29/E61

In this episode, Vivian Kvam chats with Becky Edwards, a CFO mindset coach, about something that every business needs but so many avoid talking about—money. Becky takes us through her journey from a corporate career to launching her own business, sharing insights on building confidence with finances and why it’s so crucial for entrepreneurs to take control of their numbers.

Vivian and Becky dive into the challenges of keeping up with bookkeeping, cash flow, and the power of setting clear expectations in business. Becky also highlights the importance of having a supportive community and understanding what financial tasks you can manage in-house. If you’re interested in leveling up your financial game, Becky also shares details on her one-on-one coaching and self-paced courses designed to help business owners get confident with their finances. Tune in for tips on creating a financial plan that aligns with your business goals and empowers you to truly own your business journey!

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Unpacking this episode min by min:

02:33 The Importance of Community in Business

05:20 Transitioning to CFO Mindset Coaching

14:44 Challenges in Transitioning to Self-Employment

25:26 Understanding the CFO Mindset

39:13 What to Keep in-House: Bookkeeping Insights

49:28 The Role of CPAs in Business

54:49 Communication and Expectations in Business Relationships

59:50 The Importance of Regular Bookkeeping

01:06:52 Understanding Cash Flow and Its Impact