Show Summary
Christine Gray and Jared Hecht join us for Episode 36 of the Profit First Podcast. Christine shares her structure for running a successful business. Jared shares with us how Fundera works!
SPOILER ALERT! We talk about the Jurassic World movie.
Our Guests
Christine Gray (left)
When Christine started Balance Your Books in 1997, her vision was to create an accounting advisory firm that focused on the growth of entrepreneurs, their business, and their financial health. After 10 years as a sole practitioner she decided to grow her practice. Balance Your Books grew rapidly and without processes and systems. Throughout this growth, she experienced personal financial growth, but at a cost of her personal time. That’s when she started her research on how she was going to develop Balance Your Books to sustain without her day-to-day involvement, grow the talented team she was fortunate to have hired, and grow her clients into well-rounded profitable entrepreneurs. Christine joined accounting firm accountability groups, and reached out to her peers; the change for her was finding Profit First. Through Profit First and the road map she created, Christine’s schedule is starting to open up, she is gearing towards a strong business development strategy around profit advisory and her team is feeling in balance with their career goals.
Jared Hecht (right)
Jared Hecht is a co-founder and the chief executive officer at Fundera, an online marketplace that matches small business owners to the best possible lender. He started Fundera after his cousin experienced the frustration and lack of transparency of applying for a small business loan. Previously, Jared co-founded GroupMe, a group messaging service that in August 2011 was acquired by Skype, which was subsequently acquired by Microsoft in October 2011. Prior to GroupMe, he led Business Development at Tumblr where he focused on international expansion and strategic partnerships. Jared currently serves on the Advisory Board of the Columbia University Entrepreneurship Organization and is an investor and advisor to startups such as Codecademy, SmartThings, and TransferWise.
Show Quotes
Let your employees become experts in separate industries and move them into a niche.
Talent deserves to grow!
“Incentive-ize” the results you want. Focus on what you want, build a structure around it to encourage people to be rewarded around what they want to do.
When looking for products or services for your company, search for the vendor (like Fundera) that will guide you to the products that are a good fit for you, and will explain why you are not eligible for other products.
Don’t get caught in a “death spiral” trap – this is when small business owners already have quite a bit of debt from starting with short term, high interest rate business loans that are difficult to pay back… and they continue to take out more loans. Do your research and find the best lender for you!
Have a question you’d like us to answer on the air? Email Kristina or Mike!
Kristina@MikeMichalowicz.com
Mike@MikeMichalowicz.com
Show Links
Christine Gray
Website: http://www.teambyb.com/
Jared Hecht
Websites: www.fundera.com , www.fundera.com/business-loans , www.fundera.com/blog
Twitter: www.twitter.com/jaredhecht , twitter.com/fundera
LinkedIn: www.linkedin.com/in/jaredhecht/
Corporate Partners
Nextiva – VOIP phone providers for small businesses.
Fundera – Single source online funding for entrepreneurs. Also offers an adviser program for CPAs, bookkeepers and business coaches.
TSheets – The #1 customer rated time tracking solution!
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