LS EP 7: How a CFO Can Skyrocket Your Business: Expert Advice from Chayce Hastings
Chayce Hastings is a co-founder and chief visionary at Growth Financial. He’s an expert tax and financial analyst, providing CFO, accounting, and tax services to companies that are looking to scale their business without having to worry about financial matters.
Episode 7 Chayce Hastings
Create exponential growth and profit for years to come – all while having more free time to focus on what matters most.
In This Episode
We dive into the world of finance in this episode with our guest expert CFO and co-founder of Growth Financial, Chayce Hastings, who has a wealth of knowledge when it comes to economic affairs in businesses. We discuss the benefits of having a CFO for your business, the factors to consider when hiring a CFO, opinions on taxes, and ideal percentages for revenue and profits.
Chayce breaks down the differences between the crucial roles of a CMA, CFO, and CPA, as well as emphasizes the benefits of having a CFO for business owners and executives, allowing them to focus on strategic initiatives and growth. He also gives insights into mitigating audit risks and gives tips on best practices for managing your tax, optimizing revenue, managing labor costs, and calculating client acquisition costs obligations. Tune in as we learn from our guest’s expertise and explore the financial side of business.
Discover Stories and Strategies in this Episode:
- Looking back on Chayce’s journey
- Knowing all about CFO, CMA, CPA
- Things to take into account when hiring a CFO
- The complexities of taxes
- What a CFO does for your company
- How CFOs save the mental bandwidth of business owners
- At what point should you hire a CFO?
- Ideal percentages for revenue and profit
- Breaking down the 30% profit
- The impact of having a CFO
- More advice for entrepreneurs
- Book Recommendations
Who by Geoff Smart – https://amzn.to/3stgmbv
Power Score: Your Formula for Leadership Success by Geoff Smart – https://amzn.to/44smAp4
Good to Great: Why Some Companies Make the Leap and Others Don’t by Jim Collins – https://amzn.to/45mEgUl
Built to Last: Successful Habits of Visionary Companies (Good to Great, 2) by Jim Collins – https://amzn.to/44oKqCi
Chayce Hastings is a co-founder and chief visionary at Growth Financial where they provide CFO, accounting, and tax services to companies that are looking to scale their business without having to worry about financial matters. With Chayce’s extensive background on accounting and finance, he continues to help industry leaders through providing expertise on strategic financial management and achieving growth plan clarity for business owners.
Growth Financial: https://www.growthfinancial.com
About the Show
For the Mortgage Pro that seeks to become better every day, this show is for you.
We connect with top Loan Originators, Branch Managers, Broker Owners, and various experts to arm you with the strategies and tactics to grow your loan volume.
We get down to business in this show, but you’ll find a lot of laughter with it too. Life’s short, so we have fun.
About the Host
Preston Schmidli is an accomplished serial entrepreneur, sales coach, author, and co-founder of Good Vibe Squad, an award-winning marketing agency for mortgage professionals.
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Learn real-world examples and insights to elevate your game in the industry. With a lineup of top mortgage professionals, marketing and sales professionals, this show is a treasure trove of knowledge and inspiration.