179- Financial Damage Control for Entrepreneurs
May 9th, 2012[display_podcast]
What are some tips to mitigate problems with financial matters in your small business when you are an entrepreneur? Well, the Rogue CFO, Chris Benjamin, delivers suggestions on Financial Damage Control for your startup — and what you can do to prevent financial “gotcha’s” that may blindside you.
Thus, in this episode of The Struggling Entrepreneur, we deliver this discussion in a repurposed podcast episode from his Podomatic series called The Rogue CFO’s Expert Guide to Launch a Startup.
There are a myriad of financial triggers that can cause problems — from taxes due from your business, to receivables, to payables, to negotiation with vendors, etc.
In this episode, Chris Benjamin gives some pointers for Entrepreneurs to practice a type of Financial Damage Control for your small business that can avoid these issues.
We know that this topic is unpopular, but necessary. However, it is one in which every Entrepreneur needs to address these potential pitfalls.
As you will hear in this audio episode, it is recommeneded to have a planning system to check the financial health of your firm. This is extremely important for the solo-preneur who needs to wear the ‘CFO hat’ in addition to all the other responsibilities to manage the business.
Copyright (c) 2012, Chris Benjamin Consulting, LLC and Matrix Solutions Corporation. All rights reserved.
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