Confused by the black hole of your biz finances? Start here.
Part 1 of our 2 part Financial Foundations series taking place on April 26th & 27th, 2023 from 9:00-10:00 am PT / 12:00-1:00 pm ET. For details on part 2, click here.
If you’re a business owner reading this, odds are, you are struggling to feel in control of the black hole of your business finances…taxes, use of business accounts, where to even start with bookkeeping, overhead...all of it!
Just when you thought personal taxes were tough to wrap your head around - you discover business finances are a whole new beast.
All in all, as it stands, you’re left feeling like you’re hanging on by the skin of your teeth when it comes to your finances.
The reality is, visibility into your finances = freedom (even though sometimes diving into the numbers couldn’t feel LESS like freedom). Ultimately, you can leverage your numbers to inform your business decisions (among other things) such as when and how much you can pay yourself or when you can start hiring help.
Being able to gather, interpret and act upon what your numbers are telling you will help you create a solid financial foundation (aka a profitable and cash flow positive business!).
The ace up your sleeve in all of this? Understanding the three things you need to get into your line of sights to start grounding your biz in a rock-solid financial foundation:
The Black Hole (ie. bookkeeping, management accounting, tax accounting and financial accounting)
The right tools in place to gather your number data and organize it logically (the first step in seeing your numbers is getting them lined up in Financial Statements!)
Systems to use your numbers to make decisions (bringing your numbers to life so they make sense)
The good news is, I’m here to provide some insights on building out your understanding and visibility on all three of these things in this month’s free workshop. Join me!
Hi! I’m Jacinthe. Your financial fairy godmother.
On the surface, my career has looked like a fun ride. From starting out as an Interior Designer, then launching a prepared meal delivery business (before they were popular), to moving across the country and working at a yoga studio while volunteering to teach university students how to cook.
I’ve started 6 businesses, worked in 3 startups as an employee, and had side hustles from cater waitering to working at a friend’s micro-brewery.
Throughout my business building journey, I didn't understand how the money worked in my business. I went through cycles of burn out and debt, carrying $1,000’s in credit card debt, which incurred $1,000’s in interest. And those cycles continued until I learned how to manage my business finances.
A move led me to the West Coast of Canada, where in more recent years, I became the co-founder of a management accounting firm (total left turn right?!).
Growing that business alongside my Chief Financial Officer (CFO) and accountant co-founders, I not only learned how I was supposed to manage business finances, but also became passionate about financial literacy for creative business owners.
I’ve seen the same stress and shame I had experienced in my early business owner days in the hundreds of businesses I’ve spoken with and supported since 2017.
And that’s why I founded Koddo & Co. — to level the playing field and help creative business owners shed light onto the financial side of their business, so they can build profitable businesses with steady cash flow and pay themselves way better than a decent salary!