Today I’m speaking with Ryan Watson of Upsourced Accounting. Ryan and Upsourced Accounting act as an outsourced CFO to creative service businesses, such as agencies. He really knows his stuff when it comes to agency finances, but also the ins and outs of all aspects of running an agency - from a metrics point of view. Whether you want to know about recurring revenue, how much you should pay yourself, selling your business, processes, and much more - this is the episode for you.   In this episode we talk about: What does a CFO do? Biggest mistakes people make in terms of their finances Recurring revenue How to pay yourself, and how much Profit margins, how to think about them, and how to distribute them How to structure your agency if you want to sell it (and why you should structure it that way even if you’re not selling it) A good acid test for whether your business is sellable Creating processes to improve profitability (while enhancing creativity) How much you would expect to sell a business for (depending on your circumstances) Why it’s so important to create a tax plan   Resources mentioned: Ryan’s Firm: Upsourced Accounting   Want to start your own podcast? Check out: https://contentkite.com/workshop