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Episode 9: Everything You Need to Know About Managing Your Business Finances with Brandon Clark

Do you understand how to manage the finances in your business?

Many people assume that being successful in business automatically means that you know how to handle all of the financial aspects of your business and you know everything there is to know about managing money and budgets. However, that’s not always the case.

In this episode of Construct & Generate, I sat down with Brandon Clark to talk about ways that businesses can get themselves set up for success financially.

Brandon Clark is the founder of Reexamine Wealth. He is a financial planner and coach who helps people align their money and their lives and reach Financial Independence.

Prior to Reexamine Wealth, Brandon owned the accounting firm Balanced Financial Solutions (BFS) which served Individuals and Small Businesses. Brandon built BFS from a solo practice into a firm with a team of 4 employees and multiple subcontractors and partners. It was in this role that Brandon cemented his passion for financial planning and helping clients connect the various areas of their finances. Brandon exited the firm through an acquisition.

Before BFS, Brandon worked for a Big Four multinational accounting firm followed by smaller regional accounting firms. Altogether, Brandon spent over 13 years working as an accountant and business advisor. Brandon has a dual Bachelor’s degree in Economics and Sociology and a Master’s in Business Administration. He is also a licensed CPA.

Topics We Cover in This Episode:

  • Numbers to pay attention to as a business owner

  • How to calculate your monthly burn rate

  • Who you need on your team for the financial aspects of your business

  • Why budgeting is so important when running a business

  • The major reports you need to regularly run to understand your numbers

  • The best vendors for business finance services

  • What to do when you have a new W-2 employee

I hope you found this episode helpful or learned something useful that you can start using in your business today. Budgeting and knowing your numbers in your business doesn’t have to be scary. Finding the right professional to assist you in getting your numbers in order can make a huge difference in your overall business success.

If you loved what Brandon had to say and want to learn more about his services, make sure to check out his website. You can also follow him on Instagram to stay up to date and get all of his tips and advice. All of his links are below!

Resources Mentioned:

Additional Resources:

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