7 Simple Strategies Most Entrepreneurs Don’t Know (Get Fundable Podcast)

Our Founder and CEO, Pam Jordan, was recently featured on Merrill Chandler's Get Fundable podcast sharing 7 powerful but simple financial strategies that could help entrepreneurs.

If you're an entrepreneur, these seven tips could be a huge step for you.

1. Get A Fractional CFO

Regardless of the size of your company, Pam encourages companies to bring on a fractional CFO. The assistance of having someone review your big decisions from the financial perspective can help keep a business on the right path. (read more)

2. Get A Company Credit Card

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Separating personal from business finances is a golden rule of businesses... and one that tends to be broken often. A business bank account and a company credit card can assist in maintaining that separation. Don't put those business expenses on your personal card just to have to spend time (and money) separating the details out later. (read more)

3. Know Your Numbers

Very few people enjoy or understand accounting, but that doesn't change the importance of understanding your financial position. Bringing on a financial team to help take that worry off your hands can keep you focused on the big picture without losing sight of your profit or income. (read more)

4. Outsource What You Can’t Do

Its easier than ever to outsource a team, so bringing on people to help in other areas, such as marketing and sales, can be a wise way to grow without bringing on too much overhead. (read more)

5. Know Your Passwords

Use smart password management softwares to make sure that you always maintain access and control of your company, even as you scale and grow.(read more)

6. Pay Yourself

A recurring pattern that happens with many entrepreneurs is carrying the load of the businesses profit or loss by cutting back on their paychecks. Before long, the golden rule of keeping expenses separate is broken and the hustle mentality takes over. Finding ways to reallocate profit so you always reap a benefit of the company you created is an essential strategy to implement now. (read more)

7. Know Your Worth

Entrepreneurs know their companies from the inside out, because they built it from the ground up. But as the company grows, so does your value as an entrepreneur and owner. Make sure the tasks you're handling match your current worth, and use other strategies to offload the lesser valued tasks. (read more)

This is just a snippet - visit the Get Fundable site to listen to the full conversation and get inspired to use these ideas in your own company.

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