Too often an otherwise promising business is compromised from lack of attention, simple systems, and tools to manage the finances. This leads to many cafes going under way before their time. There is a lot going on when you are just starting out and accounting/finances are often the first things to get compromised.
Well, today we are going to talk about best-practices, mindsets, tools, systems, and strategies to help you take control of your cafe’s finances and accounting with our very special guest, Keila Hill-Trawick of Little Fish Accounting!
Keila is strategic business advisor who partners with freelancers, solopreneurs, and small businesses owners to plan and reach their financial goals . After spending over a decade working in both the government and private sector, Keila launched Little Fish Accounting to serve as a trusted partner in financial and tax planning to drive business results and growth.
Keila holds a BBA in Accounting from Georgia State University, an MBA from Mercer University, and is a licensed Certified Public Accountant. She has held multiple senior level accounting and finance positions at corporations such as Home Depot, Georgia-Pacific, UPS, CNN/Turner Broadcasting, Comcast, and various Federal agencies. Based in Washington, DC, Keila now services small businesses nationwide through Little Fish Accounting.
This is a critical primer for foundational financial health of cafes everywhere and I hope it empowers you to take control of your accounting, the future of your business absolutely depends on it.
In this episode you will learn:
- Why so many entrepreneurs mismanage their finances
- What systems are key when first starting out
- How to make your systems and tools give you what you need
- Keeping track of the various departments of your business
- Pitfalls to be aware of
- When you have money but should not spend it
- Financial management whole scaling
- Purchasing and invoicing wisdom
Links:
Related Episodes:
160 : The Smart Way to Approach Money w/ Jill Schlesinger
101 : Avoiding Legal Pitfalls in Coffee Retail w/ Marshall Fuss, Attorney at Law
108 : Founder Friday w/ Dorian Bolden of Beyu Caffe, Durham, NC
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