124. Financial Planning and Scaling Your Team Within Your Trades Business with CFO, Lauren Furtado

Today we have Lauren Furtado, a fractional CFO extraordinaire. Lauren's impressive background spans 18 years in public accounting serving multibillion dollar Fortune 100 companies. But in the aftermath of losing her husband, she rebuilt her life as a widowed single mother of two by starting her own fractional CFO services firm, grounded in her faith and family values. Her passion for this sector, driven by her husband's career as an electrician, fuels her mission to provide impactful consulting services.

In this episode, we uncover the secrets of successful cash flow management for trade businesses. Lauren emphasizes the importance of job costing, tackling overruns, and maintaining safety standards. We'll also explore the intricacies of hiring employees, including when to do it, how it impacts your finances, and how to onboard and develop them effectively.

Moreover, Lauren shares her expertise on coaching and developing your team members, fostering leadership skills, and managing their growth. Finally, we'll touch on financial planning, headcount management, and cash flow mastery for small businesses. Don't miss out on this treasure trove of insights to level up your trade business. Tune in!

What you'll hear in this episode:

[3:10] Accounting, finance, and entrepreneurship with a focus on the construction industry.

[7:45] Managing a trade business, including job costing, time tracking, and hiring employees.

[13:20] Onboarding and developing trade business employees.

[17:50] Coaching and developing team members.

[24:05] Managing a team's development and growth.

[29:50] Financial planning, headcount, and cash flow management for small businesses.

Listen to Similar Episodes:

Back to the Basics: When are you Financially Ready to Grow a Team? with Shannon Weinstein

How Do Find (And Keep) Great Employees?

4 Management Mistakes You're Making and How to Overcome Them

* Connect with Lauren on IG @lauren_furtado_cfo

* To learn more about Lauren's amazing services, check out her website: Home (unconventional-cfo.com)

* Connect with me on IG @jackie.koch_

* Find more information on my website https://www.jackiekoch.com/