take the fear out of finances

Post on 02-Jul-2015

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Watch the full webinar here: http://go.emyth.com/take-the-fear-out-of-finances-webinar-recording With the end of the year fast approaching, it’s critical to set aside some time to close 2014 and produce your year end reports. But let’s take that otherwise tedious process and turn it into something that can drive growth and change in your business, shall we?

TRANSCRIPT

© 2014 EMyth

Take the Fear Out of Finances

© 2014 EMyth

Panelists

Jonathan Raymond Chief Brand Officer

Gail Frahm Chief Executive Officer

Martin Kamenski Controller

Josef Shapiro EMyth Certified Coach

© 2014 EMyth

Understanding the Problem

What does it mean to operate from a place of “financial fear?”

Why do you feel alone at the top?

What is your lack of awareness actually costing you?

© 2014 EMyth

The Takeaways

How to measure the financial health of your small business

Who you need on your financial team

The systems you need to help you automate

Some tips on reducing your year-end tax bill

© 2014 EMyth

How Healthy is my Business?

Making the shift to a metrics-driven company

Means of measurement

Tools to get it done

© 2014 EMyth

© 2014 EMyth

CPA

Business Banker

Attorney

Who Should I have On-Call to Help?

© 2014 EMyth

Time/Expense/Billing: Harvest

Bookkeeping: Xero

Payroll: ADP

Receipts/Mileage: Shoeboxed

!

Automation and integration is possible for anyone. This entire system is about $150 a month.

A Sample Financial “Ecosystem”

© 2014 EMyth

Make Taxes Less Taxing

Measure your performance: Total Tax Payments / Net Income

Take advantage of every possible deduction and credit

Find a CPA who will work with you not just for you, and who takes the time to explain things along the way

© 2014 EMyth

Recap

How to measure the financial health of your small business

Who you need on your financial team

The systems you need to help you automate

Some tips on reducing your year-end tax bill

© 2014 EMyth

Book a Free Session with an EMyth Coach to get started

http://go.emyth.com/business-coaching

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