How to Ensure Your Business is Financially Stable, with Emily Sandberg

The Art of Online Business

Let’s talk about money.

In the past several episodes, we have been talking about financial topics and this one will be following the same theme. With all of the economic uncertainty right now, it is always a good idea to learn as much as possible about setting your business up financially for as much success as possible.

In today’s episode of Art of Online Business, I sat down with Emily Sandberg, my bookkeeper, to talk about what you can do to make sure that your business is in a healthy position when it comes to cash flow.

Emily Sandberg is a fractional CFO specializing in cash flow and forecasting for online coaches and course creators. While most accounting looks to the past for guidance, Emily works with her clients to know the future of money in their business, so they can make strategic decisions with their cash.

Her work has helped dozens of clients go from running a money-hungry business to a predictably profitable enterprise, by simply following her profit-centered framework. When she’s not coaching clients through the ups (and downs!) of their business cash, she can be found hiking in the gorgeous red rocks of southern Utah with her family.
In this episode, you’ll learn:

• Why a little bit of fear can be a good thing for your business
• How fear affects different business owners
• What you need to know about having an emergency fund
• Why the people in your business are your biggest assets, not the money
• The importance of reviewing your P&L every month
• How to evaluate and forecast your expenses
• Financial red flags that Emily sees in her work

Rick Mulready's Links:

• Visit Rick's website
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• Full episodes of The Art of Online Business Podcast on YouTube

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*Disclosure: I only recommend products I use and love and all opinions expressed here are my own. This post may contain affiliate links that at no additional cost to you, I may earn a small commission.
Emily Sandberg Links:

• Check out Emily’s website

Full show notes available at www.rickmulready.com/630

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