In episode 8 of Built By Margin, Laurie Chen interviews Byron Wolfe, a Certified Public Accountant and Founder of The CFO-AF, as he shares his insights on the importance of combining tax strategy with Fractional CFO services, emphasizing how understanding both sides can lead to significant savings and increased business valuation.

Tune in for insights on optimizing cash flow and navigating the complexities of financial strategy.

TIMESTAMPS

[00:01:07] Tax strategy insights from experience.

[00:05:34] Tax strategy and fractional CFOs.

[00:10:15] Fractional CFO's relationship building.

[00:14:13] Maximizing startup valuation strategies.

[00:17:13] Augusta rule tax strategy.

[00:19:14] Tax strategies for business owners.

[00:22:23] Tax strategies for business owners.

[00:27:03] Tax strategy vs. prep and file.

[00:31:31] P&L vs. Balance Sheet Importance.

[00:33:36] Smart business growth insights.

QUOTES

• “Everything is manual. You've got to understand that from the ground up. And so it's about the level of commitment, the level of insight that you have into everything that's running in the background so that you can inform the strategic direction of that company that you're working with.” - Laurie Chen
• "It's amazing how much you will learn from a business failure over a business win… The wins are way more enjoyable, of course, but you learn a lot from things that don't go well, and you learn what not to do." - Byron Wolfe
• "Everybody should be aware of the exit or the potential exit, because if you're ready for the best exit, you probably are operating at the highest level of profitability and efficiency possible." - Byron Wolfe

SOCIAL MEDIA LINKS

Laurie Chen

Instagram: https://www.instagram.com/lauriechencpamba/

Facebook: https://www.facebook.com/lauriechencpamba

LinkedIn: https://www.linkedin.com/in/lauriechen/

Byron Wolfe

Instagram: https://www.instagram.com/the_cfoaf/

Facebook: https://www.facebook.com/ByronAnthonyWolfe

LinkedIn: https://www.linkedin.com/in/byron-a-wolfe-cpa/

WEBSITES

Built By Margin: https://www.builtbymargin.com/

Advanced CFO: https://www.advancedcfo.co/

CFOAF: https://www.cfoaf.com/

In episode 7 of Built By Margin, Laurie Chen interviews Sharleen Cheung, a Nutrition and Perimenopause Health Coach, to discuss the importance of improving energy through healthy habits, the link between founder health and business success, and the mindset shifts that led her to measure the KPIs and financial metrics that actually helped to reenergize her profits.

TIMESTAMPS

[00:01:15] Nutrition coaching origin story.

[00:05:24] Strength training for women’s health.

[00:07:40] Nutrition mistakes among high achievers.

[00:11:14] Importance of protein-rich breakfast.

[00:14:43] Business growth in service industry.

[00:20:41] Measuring business financial success.

[00:23:10] Energy management for entrepreneurs.

[00:25:59] Meal planning for busy lives.

[00:30:01] Online grocery shopping benefits.

[00:34:10] Taking risks in business.

[00:36:06] Take risks for progress.

QUOTES

• "Once you start feeding your body consistently, your hunger hormones are going to get back up. And it starts to trust you. And that's when your energy kind of stabilizes and your metabolism actually starts to work for you, not against you." - Sharleen Cheung
• "I just really help high-achieving women break free from that dieting cycle and balance the hormones and just start to menopause with a holistic blend of macronutrition, strength training, and a lot of mindset coaching and just the personalized functional support as well with my team." - Sharleen Cheung
• "Being able to protect your energy and offload things to an assistant, or your staff member or someone that's more of a specialist in a particular area, is key to growing the business and scaling and making sure that you're doing the things that you enjoy doing and not wasting your time or burning yourself out." - Laurie Chen

SOCIAL MEDIA LINKS

Laurie Chen

Instagram: https://www.instagram.com/lauriechencpamba/

Facebook:https://www.facebook.com/lauriechencpamba

LinkedIn: https://www.linkedin.com/in/lauriechen/

Sharleen Cheung

Instagram: https://www.instagram.com/smcheung16/

Facebook: https://www.facebook.com/people/Designed-by-Shar/100076296060244/

LinkedIn: https://www.linkedin.com/in/sharcheung/

WEBSITES

Built By Margin: https://www.builtbymargin.com/

Advanced CFO: https://www.advancedcfo.co/

Designed By Shar: https://designedbyshar.com/

In episode 6 of Built By Margin, Laurie Chen interviews Antonio Green, Author, Public Speaker, and Director at James H. Cole Home for Funerals. From modernizing operations to navigating the financial complexities of building a new location, Antonio reveals the lessons he learned about financial discipline and the importance of relationships in business.

Tune in to discover how effective financial strategies and innovative thinking can lead to substantial business growth.

TIMESTAMPS

[00:01:38] Family business succession strategy.

[00:04:48] Financial lessons in business.

[00:09:02] Millennial mindset in business.

[00:12:10] Pandemic's impact on funeral business.

[00:16:39] Internal controls to detect fraud.

[00:21:19] Profitability versus growth strategies.

[00:24:34] AI tools for financial planning.

[00:27:36] Ethics in business decisions.

QUOTES

• "I had to earn their respect and get them to understand that I knew how to run the business. So literally working shoulder to shoulder with everybody in every department really helped me garner that respect over the years." - Antonio Green
• "If you are in a family business or if you're even if you're just young and coming into a business you can't have that persona of I know everything you've got to be willing to learn you've got to eat a little crow sometimes and be willing to take a step back." - Antonio Green
• "Definitely having controls to detect fraud is something that a lot of businesses overlook, especially when it comes to the finance and accounting function.” - Laurie Chen

SOCIAL MEDIA LINKS

Laurie Chen

Instagram: https://www.instagram.com/lauriechencpamba/

Facebook:https://www.facebook.com/lauriechencpamba

LinkedIn: https://www.linkedin.com/in/lauriechen/

Antonio Green

Instagram: https://www.instagram.com/millennialguy/

Facebook: https://www.facebook.com/TheMillennialExpert

LinkedIn: https://www.linkedin.com/in/millennialguy/

WEBSITES

Built By Margin: https://www.builtbymargin.com/

Advanced CFO: https://www.advancedcfo.co/

Antonio Green: https://bizcoachantonio.com/

James H. Cole Home for Funerals: https://www.jameshcole.com/

SUBSCRIBE AND AVAIL THE BOOK HERE!

Talk To Me: Understanding The Millennial Mindset: https://www.amazon.com/dp/B09MYSTHSL/