Hey everybody, welcome to The Cash Flow CFO podcast, the show that explores the financial side of running a business for people who want to maximize profitability and scale with confidence.
If you want to make smart financial decisions based on data and put more of your hard-earned profits into your pocket, this is the podcast for you.
The Cash Flow CFO Podcast is brought to you by The Cash Flow CFO. Did you know that, on average, business owners have up to 84% of their personal net worth tied up in their business? Our team of virtual CPAs and CFOs, as well as accounting and bookkeeping experts empower business owners just like you to make big leaps that help them maximize profitability and scale with confidence.
Debt, Identity, and Rebuilding a Business That Feels Like You; with Alex Pursglove
Saison 2 · Épisode 83
lundi 21 avril 2025 • Durée 41:09
"You can evolve your business without throwing everything away. You get to keep what still fits and let go of what doesn’t."
- Alex Pursglove
Welcome back to a new episode of the Cash Flow CFO Podcast! Today’s conversation is with Alex Pursglove. Alex helps women break through limitations, embody their worth, and become fully expressed to elevate in business growth and soulful alignment—all while living with more fulfillment in their daily lives. As a master coach, she has supported hundreds of women worldwide in accelerating in business and most importantly, learning how to accept and love their true selves.
Join us to learn the whole story!
"I had to walk away from a successful business because it didn’t feel like me anymore."
- Alex Pursglove
Following Your Heart in Business
In this episode, I talk with Alex Pursglove about how our businesses grow and change as we grow and change. We share stories about how things can feel out of place when we keep doing something that no longer fits who we are. Alex tells us how she had to make some big changes when her business didn’t match her values anymore. She chose to follow her heart, even when it meant losing clients and income.
A Real Talk About Debt
We also talk about money and debt — and how not all debt is bad. Some debt can help you grow if you use it wisely. But there’s also debt that can hurt you if you’re not careful. Alex opens up about the time she took on a lot of debt, not from a place of power, but from stress and fear. She learned a lot from that time and now helps others make smarter choices.
Changing With Life
As women, we often feel pulled in many directions. Kids, family, business — it can be a lot. I share how my life changed when I became a full-time carpool mom, and how our business models need to change with us. We talk about why it’s important to trust yourself and follow your own path, not just copy what others are doing.
Trusting the Journey
This is a deep, honest conversation about listening to your gut, trusting your journey, and building a business that feels true to who you are. I hope it helps you feel more confident in making the changes you need to grow — as a leader, a parent, and a whole person.
"When you feel out of alignment with what you’re doing, your body and energy will let you know."
Letting Go to Grow: Step Out to Let Your Business Thrive with Tina Forsyth
Saison 2 · Épisode 82
lundi 14 avril 2025 • Durée 41:24
"My job now is to lead the vision and support the people who are out there doing the work."
- Tina Forsyth
Welcome back to a new episode of the Cash Flow CFO Podcast! I sit down with Tina Forsyth, founder of Certified OBM® and a true pioneer in the world of certification and licensing. We talk about what it really takes to scale a business beyond yourself, why systems matter more than you think, and how to create programs that keep your values and vision intact—without burning out. Whether you're a service provider, coach, or visionary entrepreneur, Tina drops gems you won’t want to miss.
Join us to learn the whole story!
"Certification is about creating a ripple effect—you teach one person, and they go out and help ten more."
- Tina Forsyth
How Tina Built a Big Business Without Doing It All Herself
In this episode, I talked with Tina Forsyth. She’s the founder of the Certified OBM (Online Business Manager) program. A few years ago, Tina made a big change—she stopped running all the trainings herself and started letting licensed trainers do it instead. This helped her grow the business without doing all the work alone. Now, she spends more time supporting her team and planning big-picture stuff.
Taking Herself Out of the Center
Tina shared how she turned her business from something all about her into something that could stand on its own. It used to be that people signed up because it was Tina’s program. Now, it’s about the OBM brand itself. That shift gave her more freedom and helped the business grow even bigger. It wasn’t always easy, but it was totally worth it.
Getting Paid on Time: Mastering Accounts Receivable
Saison 2 · Épisode 73
lundi 2 septembre 2024 • Durée 23:03
"Having a healthy accounts receivable is really going to keep the business self-sustained, relying on their own cash flow that's being generated from sales and delivery without having to go out to outside resources."
- Andrea Jenson
Welcome to a brand new episode of the Cash Flow CFO Podcast. Join me for a conversation about an issue that's been cropping up a lot lately... slowdowns with accounts receivable. If you're noticing a delay in your receivables, it's crucial to address it before it impacts your cash flow and ability to meet financial obligations. I discuss some actionable strategies you can implement right now to help get your cash flow back on track and keep your business self-sustaining.
Join me to learn the whole story!
"When you have a prolonged accounts receivable problem, it's going to catch up with you and eventually it could potentially damage your credit ratings and increase the cost of borrowing money down the road."
- Andrea Jenson
Identifying Root Causes and Prioritizing Receivables
Both external factors, like economic downturns, and internal inefficiencies can cause delays in getting paid. I share the importance of identifying the root causes of these delays and how to prioritize your receivables to collect on high-value invoices first. Additionally, I highlight the significance of maintaining open and personal communication with your clients, which can help facilitate faster payments and strengthen your working relationships.
Optimizing Internal Processes
Once you've addressed immediate receivables issues, it's essential to optimize your internal processes to prevent future delays. From improving invoicing timelines to implementing automated systems, I cover practical steps you can take to tighten up your accounts receivable management. And beyond that, I emphasize the importance of clear contract terms and creditworthiness checks to ensure you're extending credit to reliable clients.
Why Your CPA and Bookkeeper Aren’t Enough: The Missing Piece in Your Financial Strategy
Saison 2 · Épisode 72
lundi 26 août 2024 • Durée 17:10
“Having a plan in place is what removes the stress and the worry and the weight of managing your finances because otherwise we’re kind of just throwing spaghetti at the wall to see what sticks."
- Andrea Jenson
Welcome back to a brand new episode of the Cash Flow CFO Podcast! In today’s solo episode, I’m excited to talk about a discovery call I had with a potential client that reignited my passion for what we do at The Cashflow CFO. During our conversation, I had a light bulb moment about the common frustrations business owners face when it comes to making financial decisions. Despite having a CPA and a bookkeeper, many still feel like they’re in the dark, unsure how to use their financial data to guide their business.
Join us to learn the whole story!
“Everybody in your finance division has a role to play... and most business owners, they have the bookkeeper, they have the tax preparer, the CPA, and they’re still saying, ‘I’m missing something.’"
- Andrea Jenson
The Importance of Forward-Looking Planning Tools
The key issue we discussed was the difference between historical financial reports and forward-looking planning tools. Many business owners rely on their profit and loss statements, balance sheets, and cash flow statements, but these documents are backward-looking and don’t help much in planning future moves. What’s missing is a strategic plan that includes forecasting, sales projections, and a clear understanding of where you want your business to be in the next one, three, or five years.
Planning Ahead for Business Growth
We also talked about the importance of knowing your sales pipeline and understanding your sales conversion rate. By planning ahead, you can ensure that you have the right team and resources in place to handle future business. This kind of strategic planning removes the stress and guesswork from managing your finances, helping you to make informed decisions about hiring, investing, and scaling your business.
Elevating Your Benefits Strategy with Dennis Carlson
Saison 2 · Épisode 71
lundi 19 août 2024 • Durée 39:26
"Self-insurance isn't just for large corporations; small and midsize businesses can also benefit from the flexibility and potential savings it offers."
- Dennis Carlson
Welcome to a brand new episode of the Cash Flow CFO Podcast. Join me for a second conversation with Dennis Carlson, Executive Benefits Advisor for Marsh McLennan Agency. Dennis previously played the role of entrepreneur inside the insurance industry, founding Bespoke Benefits in 2009, which was later acquired in 2017. Now, he leads the executive benefits practice for Marsh McLennan Agency in the western United States. Dennis has extensive experience advising on employee and executive benefits, helping businesses attract and retain top talent. Continue to get to know him, and learn from some of his wisdom.
Join us to learn the whole story!
"It's not about cutting corners—it's about customizing benefits in a way that aligns with your budget while still providing meaningful coverage to employees."
- Dennis Carlson
Involving Finance in Benefits Decisions
Dennis Carlson highlights the critical need for involving finance teams in employee benefits decisions. Traditionally, these decisions have been the domain of HR or office management, but integrating finance professionals into the conversation ensures that budget planning and cost control are thoroughly considered. This collaboration allows businesses to explore various funding options that might be overlooked if finance isn’t part of the discussion.
The Case for Alternative Funding Strategies
Dennis introduces alternative funding mechanisms as a viable strategy for small and midsize businesses to manage their benefits costs more effectively. While these strategies are often associated with large companies, Dennis explains that smaller businesses can also benefit from self-insured or partially self-insured plans. These options provide greater control over healthcare expenses, offering a potential path to significant cost savings.
Protect Your People and Your Business: Dennis Carlson on How Insurance Needs Grow with Your Company
Saison 2 · Épisode 70
lundi 22 juillet 2024 • Durée 36:15
“…as a business owner or as just a CEO running a business… probably the first thing you should be thinking about… as it relates to attracting and retaining employees… is are the benefits that we offer today working.”
- Dennis Carlson
Welcome to a brand new episode of the Cash Flow CFO Podcast. Join me for a conversation with Dennis Carlson, Executive Benefits Advisor for Marsh McLennan Agency. Dennis previously played the role of entrepreneur inside the insurance industry, founding Bespoke Benefits in 2009, which was later acquired in 2017. Now, he leads the executive benefits practice for Marsh McLennan Agency in the western United States. Dennis has extensive experience advising on employee and executive benefits, helping businesses attract and retain top talent. Get to know him, and hear some of his wisdom.
Join us to learn the whole story!
“…really every small business owner should be thinking about these things. And… it's one of those things that nobody wants to deal with. It's easy to push off and easy to not think about.”
- Dennis Carlson
You Get What You Pay For
Dennis and I dive into the often overlooked aspects of executive benefits. We discuss the financial challenges businesses face when offering competitive benefit packages and explore alternative financing strategies to make these benefits more affordable. Dennis highlights the importance of finding a balance between cost and value, ensuring that businesses can attract top talent without breaking the bank.
Renaissance Man
We also touch on Dennis’s journey into the insurance industry, which began unexpectedly after a stint in the music industry. His marketing background played a pivotal role in his transition to insurance, where he built an employee benefits practice from scratch. Dennis shares how leveraging technology has been crucial in keeping ahead of the competition in an industry that is traditionally slow to adapt.
Crowd Favorite: Making Business Sense with Supplier Diversity: Insights with Jean Kristensen
Saison 2 · Épisode 69
lundi 15 juillet 2024 • Durée 44:18
“Part of my journey is making sure that, you know, local communities and minority and women owned businesses understand about the various opportunities that are available through government agencies or large corporations.”
- Jean Kristensen
Welcome back to the Cash Flow CFO Podcast! This episode was so popular with our listeners that we are rebroadcasting it in case anyone missed it the first time. In it, I interview Jean Kristensen, the CEO and chief consultant at JKA Solutions. Jean connects women and minority businesses with government and large corporate entities seeking diversity in their contracts. Previously, Jean experienced firsthand the struggles and successes that come with rapidly scaling a family business built from scratch.
Join us to learn the whole story!
“There are so many of these partnerships happening right now where non-minority firms, non-diverse firms, large companies, are looking to gain access to market share that is earmarked for small businesses.”
- Jean Kristensen
Transformative Leadership and Impactful Change
Under Jean's leadership at JKA Solutions, a dedication to empowering businesses through supplier diversity, outreach, consulting, and training is evident. Her personal success story of transforming a family-run security guard company into a thriving enterprise showcases the transformative power of supplier diversity. Others have taken note of Jean, who’s found herself included among New York’s MWBE Power 50, and named as one of the "Top Women to Watch in Real Estate."
Exploring Opportunities
Andrea learns about Jean’s unique career path, from the family's security guard company to becoming a leading figure in supplier diversity. Jean shares challenges and triumphs, offering insights into the vast landscape of opportunities for women and minority-owned businesses. The conversation delves into government contracts, corporate initiatives, and upcoming investments in diversity expected from the public and private sectors.
Exploring Insurance Intricacies with Eddie Del Canto: Opportunities for Business Owners
Saison 2 · Épisode 68
lundi 24 juin 2024 • Durée 36:16
"The insurance industry has evolved significantly over the years, but it remains a complex field that requires constant learning and adaptation."
- Eddie Del Canto
Welcome to a brand new episode of the Cash Flow CFO Podcast. Join me on this conversation with Eddie Del Canto. Eddie started his insurance career in the late 1990s and has since made significant contributions to the commercial insurance industry. Before co-founding CompSure Insurance Solutions, he played a crucial role in the profitable growth of the workers' compensation commercial segment at Wells Fargo Insurance Services and The Hays Companies, now Brown & Brown. Mr. Del Canto holds a Bachelor of Science degree in Business Administration with a focus on service sector management from California State University, San Marcos. Outside of his career, Eddie's passions include his family, friends, music, basketball, and assisting employers in negotiating the best workers' compensation rates and services.
Join us to learn the whole story!
"High premiums have been a significant burden for employers, and finding ways to provide relief has always been a crucial part of my work in the insurance sector."
- Eddie Del Canto
The Complexity of Insurance for Business Owners
Eddie Del Canto emphasizes the complexity of navigating various insurance policies, from general liability to workers' compensation. He highlights the importance of understanding these policies to avoid costly mistakes and ensure adequate coverage. Eddie’s insights provide listeners with a clear understanding of why insurance can be a daunting task for many business owners.
Addressing High Premiums and Cost Management
Eddie discusses the issue of high insurance premiums, a major concern for many businesses. He explains how premiums are calculated and the factors that can influence these costs. Eddie offers practical advice on how businesses can manage and potentially lower their premiums through various strategies, such as improving safety protocols and maintaining a good claims history. His expertise helps demystify the pricing structure of insurance and provides actionable tips for cost management.
Be that Expert the Public Knows: Lauren Banyar Reich Explains How Earned Media Elevates your Business
Saison 2 · Épisode 67
lundi 3 juin 2024 • Durée 37:38
“…If you've got $50,000 to buy… a front page ad in the Sunday paper, great. Anybody with $50,000 can, you know, can pay for that ad… It doesn't necessarily set you apart in any way. And what earned media is, is it's when you're mentioned in that story, when you're in that blog, when you're on that podcast, and many cases when you're on that stage."
- Lauren Banyar Reich
Welcome to a brand new episode of the Cash Flow CFO Podcast. Join me for a conversation with Lauren Banyar Reich, the founder and CEO of public relations firm LBR PR. Lauren and her team excel at advancing clients’ business goals by connecting them with high-visibility media opportunities. LBR PR matches clients with media outlets seeking expert commentary, bylined articles, product features, and more. The company’s clients receive attention from prestigious publications like the Wall Street Journal, websites like Refinery29, and major metro area TV. Lauren emphasizes the outsized public credibility boost offered by these earned media appearances, when compared to paid media, AKA advertising.
Join us to learn the whole story!
“…Earned media tends to also beget more earned media. Because even journalists are looking up who's the go to source.”
- Lauren Banyar Reich
An Early Passion
Lauren shares her journey into PR, which began with a nudge from an English teacher who saw her strengths in public speaking and writing. She studied journalism at the University of Maryland, where she fell in love with PR for its blend of storytelling and communication. Her passion for the field has kept her engaged and driven, finding endless opportunities across various industries. We discuss how these early skills set the foundation for her successful career and the launch of LBR PR.
Reach Those Who Skip Ads
Contract to Cash Masterclass with The Cash Flow CFO and JKA Solutions - Part 2
Saison 2 · Épisode 66
lundi 27 mai 2024 • Durée 32:12
"I think the first thing you should be thinking about is your business doesn't sell on revenue, it sells on profit. It's going to be a multiple of your profit."
- Andrea Jenson
Welcome to a brand new episode of the Cash Flow CFO Podcast. Join me on this episode for the second half of a two part series in which I co-host a virtual workshop with Jean Kristensen, the CEO and chief consultant at JKA Solutions. We pick up where we left off by discussing the important topic of owner’s compensation. Many business owners either take money off the top or put themselves on salary, which can strain the business. It’s crucial to dig deeper into how compensation fits within your business model.
Join us to learn the whole story!
"So the passive income that I'm referring to is the individual side… you've taken the money, the profits, the client package out of the business, and now you've paid taxes on it. You've done whatever you need to do based on your business entity structure. And now on the personal side, you're looking for vehicles that are going to, you know, be putting your money to work for you without you having to actively do a lot there."
- Andrea Jenson
Planning for Retirement
Another key point is the importance of planning for retirement. Business owners should not rely solely on selling their business for retirement funds, as 80% of businesses up for sale do not sell. It’s essential to have a strategic approach to your compensation, working with tax preparers to find the ideal mix of payroll, distributions, and dividends. Treat your business as an asset that generates passive income, moving active income activities to personal passive income activities over time.
Passive Income Strategies
Helping More People Through Certification
One thing I love about Tina’s story is how she used certification to make a bigger impact. Over 1,100 people have gone through her program and become Certified OBMs. Those OBMs have gone on to help thousands of business owners. That’s the power of teaching others—you can reach way more people than you ever could alone.
Tips for Starting Your Own Certification
If you’ve ever thought about starting a certification, Tina has some great tips. Make sure your process works and that you’ve used it for at least a few years. Get your systems, legal stuff, and training plan in place first. It’s not something to rush. But if you do it right, it can be a powerful and lasting part of your business.
"I was the bottleneck. Everything had to go through me. And that was never going to scale."
I also encourage you to be proactive in reaching out to clients with outstanding invoices. Most delays aren't due to malice but simple issues that can be resolved with a quick conversation. By staying on top of your receivables and fostering transparent communication, you can avoid cash flow problems and keep your business running smoothly. If you need more specific advice or templates, feel free to reach out—I'm here to help!
"If your team is doing that confirmation check-in to make sure that the client received the invoice, they can also be saying, 'We also want to make sure that there's accuracy and we're clear on the terms.'"
Finally, I walked him through how to allocate revenue into different budget categories, like cost of goods sold, marketing, general and administrative expenses, and profit. This approach helps ensure that you’re a good steward of your business’s money while still achieving your financial goals. It was a great conversation, and I hope it helps you too! If you have any questions or want to chat more, feel free to reach out to me at TheCashflowCFO.com.
“You have to create the plan. The plan has to align with your big picture vision, right? Because you have the vision and you're backing it up with strategy and that strategy comes at a cost."
Dennis shares insights on how employers can customize their benefits offerings to achieve cost efficiency. He suggests considering high-deductible health plans paired with tailored funding mechanisms as a way to provide comprehensive coverage while managing costs. By working closely with brokers, employers can design benefits packages that meet their financial constraints without sacrificing quality.
The Role of Communication in Benefits Success
Effective communication is a key theme in Dennis’s advice. He emphasizes the importance of ensuring that employees fully understand their benefits and how to use them. Clear communication not only helps employees maximize the value of their benefits but also enhances their appreciation for what their employer provides, leading to better engagement and satisfaction.
"Bringing finance into the benefits conversation early allows companies to explore funding options that may not even be on the table if finance isn’t involved."
We get deep into the specific benefits that business owners should consider for their executive teams, such as life insurance, disability insurance, and retirement plans. Dennis emphasizes the need for benefits that cover the unique needs of high-earning executives. We discuss the significance of capturing variable compensation and ensuring comprehensive coverage. Dennis also explains how insurance can protect businesses from the sudden loss of key personnel.
“...it's for that individual employee who, that if something happened to them unexpectedly, sick or hurt, can't work or passed away unexpectedly… what would it cost the business to rehire, retrain… lost income because maybe they were one of the top salespeople?”
Business Growth with a Social Purpose: Actionable Insights
In the final segment, Andrea and Jean discuss steps for businesses looking to scale and tap into diversity-seeking opportunities. Jean emphasizes the need for intentional planning, financial health, and strategic partnerships. Andrea and Jean both note the importance of well-structured financial foundations and the role of organizations like The Cash Flow CFO, which guide businesses toward sustainable growth.
“…I don't want to make it sound perfect, I don't want to make it sound easy, but we were able to gain access to many lucrative government contracts and many contracts in the private sector that propelled us from a small family run business to one of the largest companies, largest minority women owned security companies at the time…”
One of the focal points of the conversation is workers' compensation insurance, which Eddie describes as one of the most challenging aspects for business owners. He elaborates on the common pitfalls and misconceptions surrounding workers' comp and stresses the importance of proper management and documentation. Eddie shares real-life examples to illustrate the potential consequences of mismanaging workers' comp claims, emphasizing the need for vigilance and thorough understanding in this area.
Tailored Insurance Solutions and Future Trends
In the final segment, Eddie talks about the importance of tailored insurance solutions that meet the specific needs of individual businesses. He explains how a one-size-fits-all approach can be detrimental and why customization is key to effective coverage. Eddie also touches on future trends in the insurance industry, such as the impact of technology and emerging risks. His forward-looking perspective provides valuable insights for business owners looking to stay ahead in the ever-evolving landscape of insurance.
"Every business is unique, and so are their insurance needs. It's essential to tailor insurance solutions that specifically address the risks and requirements of each individual business."
We talk about the evolving landscape of PR within the marketing mix. Lauren explains how earned media can amplify other marketing efforts, like content, SEO, and advertising. She states the importance of building credibility and visibility for clients, citing examples of successful campaigns that strategically targeted specific industry publications and events. This holistic approach helps businesses achieve their goals by making them more recognizable and trusted in their fields.
What Money Can’t Always Buy
Lauren discusses the differences between earned and paid media, explaining how each serves distinct purposes in a comprehensive marketing strategy. Earned media, achieved through credibility and expertise, can significantly lower customer acquisition costs and build long-term trust. For those looking to get their names out in the public, Lauren suggests building relationships with journalists who often need the help of expert commentators. She tells us how she’s gone about that.
“They've heard you give really insightful… takeaways and concrete things that they've remembered, right? So… when they walk in that door, whatever that door is, whether it's onto your website, into your office, over the phone, whatever that looks like, even your LinkedIn profile, they're further down that path of really feeling like they know you and like you and trust you than they would have been if you came in cold.”
We also explored the concept of personal passive income. This involves taking profits from the business and investing them in vehicles that generate income with minimal active involvement. Many business owners invest in real estate or high-yield investment accounts. The goal is to have multiple income streams to provide security and reduce reliance on the business alone. Compounding interest and consistent investment can lead to significant growth in personal wealth over time.
Preparing for Business Sale
Finally, we touched on the process of preparing to sell a business. It’s important to understand that businesses sell based on profit, not revenue. To increase the likelihood of a successful sale, business owners need to reduce risk for potential buyers by having a diverse customer base, a solid team, and clean financial records. Planning for the sale should start 3 to 5 years in advance to maximize the business's value and ensure a smooth transition. Working with a fractional CFO can help you navigate this process, ensuring your business is as profitable and attractive as possible to potential buyers.
"Find a CFO that has a growth mindset. There's a lot of financial professionals that are risk averse and that doesn't necessarily need to equate to scaring you…We always say to our clients…we never tell them ‘no’. We always say, ‘sure, let me show you how we can do that’."
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