The Small Business School Podcast
Ready to leave the small business struggle behind? The “School for Small Business” podcast supports small business owners in scaling a business that is profitable, purposeful, and doesn’t leave you burnt out. No matter whether you run your business online or you own a brick-and-mortar, you can expect our world class experts to support you with mindset, tactics, and everything in between so you can have the business you dreamed of. Based on our lived experience, we know that small business CAN be easy and we are here to show you how.The “School for Small Business” is hosted by Staci Millard, a CPA by trade with over 15 years of experience seeing the behind the scenes of thousands of small businesses. After growing and selling her first 7 figure business, Staci has been on the ground running - mentoring small businesses and working to increase success rates. Staci strongly believes you don’t need to have gone to business school to be successful so you can expect nothing but simple, impactful advice. Tune in each Tuesday for a new 30 minute or less episode of nothing but valuable advice to help you grow your small business. We are so excited for you to be on this journey with us!
The Small Business School Podcast
Financial Management vs Accounting: What’s The Difference?
Welcome back to Small Business School! Today, we’re diving into why understanding financial management matters more for your business than getting caught up in the nitty-gritty of accounting. You know me—I’m all about the numbers, but I want you to know where your skills as a business owner are best spent. Let’s clear up the difference between knowing your numbers and keeping your books to help you focus on what will truly make your business thrive!
Topics Covered:
- The difference between accounting (recording data) and financial management (making informed decisions).
- Why your time is better invested in learning financial management rather than day-to-day bookkeeping.
- Key financial metrics to understand, like cash flow, profitability, and margins.
- How hiring a reliable bookkeeper can free you to focus on growth.
- Tips for pushing your bookkeeper to use efficient systems and automation to cut down costs.
Understanding financial management doesn’t just protect your business—it fuels growth. Reach out with any questions, I’d love to help!
You should also listen to:
Ep. 134 - The 3 Profit Levers Episode
Ep. 153 - ‘Finding The Right Financial Advisor’
Staci's Links:
Instagram. Website.
The School for Small Business Podcast is a proud member of the Female Alliance Media.
To learn more about Female Alliance Media and how they are elevating female voices or how they can support your show, visit femalealliancemedia.ca.
Head over to my website https://www.stacimillard.com/ to grab your FREE copy of my Profit Playbook and receive 30 innovative ways you can add more profit to your business AND the first step towards implementing these ideas in your business!
