Mastering the Financial Mindset: Optimism vs. Reality in Entrepreneurship
Listen now
Description
Join Ryan Deiss and I in this enlightening episode of Business Lunch, where they delve into the often-overlooked yet crucial topic of accounting and finance. We discuss how entrepreneurial optimism can clash with the harsh realities of financial reporting. Learn how to navigate these challenges and foster a productive relationship with your CFO to ensure your company's financial health. Highlights: "You've got to be incredibly optimistic to be an entrepreneur. It's about walking very thin ropes without a net." "If it's only doom and gloom, it’s incredibly depressing and inaccurate. We need a balance between optimism and realistic financial reporting." "Support the team you've got to get the results you need, or you need a different team." Timestamps: 00:00 - Entrepreneurial Optimism vs. Financial Realism 01:05 - Introducing the Topic 02:37 - Impact of Changing Accounting Methods 03:17 - The Problem with Depressing Financial Reports 05:00 - Changing the Financial Reporting Process 05:12 - Importance of Accurate Financial Reporting 09:38 - Avoiding Obstacles, a Common Entrepreneurial Pitfall 10:00 - Support Your Team, or Change It 10:29 - Frustrations with Unimplemented Solutions 11:15 - The Role of Leadership in Financial Health CONNECT  • Ask Roland a question HERE. RESOURCES: • 7 Steps to Scalable workbook • Get my book, Zero Down, FREE To learn more about Roland Frasier 👉  https://msha.ke/rolandfrasier/ Connect with me on social: 🎵 TikTok:  / rolandfrasier   📸  Instagram:  / rolandfrasier   📱 Facebook:  / rolandfrasierpage   💼 LinkedIn:  / rolandfrasier    Subscribe to Roland Frasier 👉 a...
More Episodes
Welcome to a new episode of Business Lunch! In this episode, Roland Frasier and Ryan Deiss dive deep into the intricacies of search marketing versus paid media, exploring how marketing strategies have evolved with technological advancements. They discuss the unpredictability of Google updates,...
Published 11/19/24
Published 11/19/24
Welcome to a new episode of Business Lunch! In this episode, we sit down with Craig Siegel, a former Wall Street professional turned motivational speaker and entrepreneur. Craig shares his transformative journey from financial trading to finding fulfillment in helping others achieve their...
Published 10/25/24