In this enlightening episode, Jim Downes joins Stephen to delve into the pivotal role of Finance and accounting in the success of businesses. Together, they explore the significance of having a CFO, utilizing financial data for strategic decisions, and navigating challenges by turning businesses around during economic downturns.
Jim shares compelling success stories from his experience, showcasing how strategic financial decisions played a key role in steering businesses through the recession. The discussion unfolds into the challenges companies face in achieving revenue targets and the crucial need for a written plan with well-defined financial goals.
Central to the conversation is the emphasis on data-driven decision-making. Jim advocates for leveraging financial data to make informed decisions that maximize profitability. He provides valuable insights into simplifying financial data and recommends resources to empower businesses in their decision-making processes.
Jim sheds light on the importance of a full-service accounting team, offering a distinction between bookkeepers and accountants. He shares the struggles of educating clients on the benefits of having a CFO and highlights the significance of knowing your numbers for effective leadership across various domains, from Relationships to finances.
The meeting extends to Jim’s company, Blueprint CFO, detailing how they cater to businesses’ financial needs. Jim’s vision for Blueprint CFO as the leading fractional CFO company in America unfolds, with a specific focus on expanding throughout the Southern California market.
Overall, the episode underscores the critical role of data, strategic planning, and financial literacy in achieving business success. Tune in to unravel the blueprint for financial mastery and gain insights that will empower your business decisions and financial strategies.
And please be sure to check out all of Jim’s great work at:
Website: www.blueprintcfo.com/
LinkedIn (Blueprint CFO): www.linkedin.com/company/blueprintcfo/
LinkedIn (Jim Downes): www.linkedin.com/in/6criticalfunctions/ Facebook: www.facebook.com/blueprintcfo/
Instagram: www.instagram.com/blueprintcfo/
YouTube: https://www.youtube.com/@blueprintcfo
And don’t forget to go to Renowned to book your free 1-1 session with me @ https://www.renownedleadership.com.
Notifications
