003: 20% Growth Using Fractional CFOs
betterTHINK with Kirk Conole
In this episode, we meet Jim Downes, an expert fractional CFO. Kirk and Jim explore the advantages companies get using fractional CFOs. KEY TAKEAWAYS from 20% growth using fractional CFO's episode: 01:37 At what point do you need a fractional CFO? 03:35 There are two types of CFOs. 05:48 What a good CFO looks at. 07:02 20% growth when using a good fractional CFO. 10:22 The importance of having a clear written plan. 11:15 The unique advantage of a part-time outsider. Kirk Conole DCISolutions.net (888) 395-0809 [email protected]
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Why should you listen to betterThink?
betterTHINK with Kirk Conole
betterTHINK is a podcast for business owners and those who advise them. Hosted by Kirk Conole of DCI Solutions, a firm which increases a company's cashflow, profit and equity 3 - 10% so that a company can safely gain thousands and grow equity by millions without changing anything except the way it thinks. Every couple of weeks he releases a half hour podcast with a different subject matter expert showing you where you can safely and sometimes very quickly gain large improvements in your productivity and profit. A better company with better profits starts with better thinking. He'll provide the...
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eChecks Cut Waste 80%
betterTHINK with Kirk Conole
People talk about cost savings, but how do we do that?
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Your Unseen Liabilities in Your 401k Plan
betterTHINK with Kirk Conole
In this episode, we meet Maribel, an expert in 401ks and 457s who consistently shows business owners how to reduce their personal liability and costs in their retirement plans. Kirk and Maribel explore how to help companies and governments get more money out of their retirement plans. KEY TAKEAWAYS: 00:46 When it's wise to combine your benefit plans? 04:26 Reducing multiple-providers without sacrificing. 08:26 Protect yourself by knowing your vendor's conflicts of interest. 11:41 What hides in expense ratios? 18:09 For best pricing DO NOT ask your provider for better pricing. 20:53...
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Kirk Conole on Financial Gravity
betterTHINK with Kirk Conole
This week Financial Gravity's CEO, John Pollock, hosts Kirk Conole. In a sea of boring and outdated business advice, John Pollock is changing the conversation on how small business owners approach taxes, profit and the path to growth. KEY TAKEAWAYS: [:17] John introduces his guest for this episode — Kirk Conole. [2:19] At networking events, Kirk’s strategy is to really understand and connect with the people he meets in order to identify their true nature and essence. [11:27] John’s purpose for this podcast is to share entrepreneurs’ stories to show that not everything is glitz...
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Heroic Entrepreneurs and Innovative Leaders in Action
betterTHINK with Kirk Conole
As a visionary entrepreneur, you are almost required to be thinking about “what is next?” 24 hours a day… 7 days a week… 365 days a year… Unfortunately, visionary entrepreneurs often become bogged down with operations and details that distract them from their primary role. This ultimately causes both their personal leadership and their businesses to plateau. What if I told you there is a way to move past this? By exercising transcendent thinking and heroic entrepreneurship, you will find you can actuate parts of your brain that are typically under-used. The more willing you...
info_outlineTruly great ideas are ones you couldn’t have imagined before, and can’t imagine going without now. PJ Gupta has that kind of idea for you.
In this episode, we meet PJ, an expert in electronic payments.
KEY TAKEAWAYS:
- 00:27 eCheck payments increase productivity, reduce risk, and save significant money
- 03:31 All it takes to send money is a name and an email address. No codes, logins passwords, routing numbers, or account numbers
- 04:17 Simplicity goes up and check fraud goes down
- 05:59 Self onboarding Easy enough for SMB; sophisticated enough for enterprise
- 08:40 Lower processing costs, fewer chargebacks, less time lost in support calls
- 09:17 Typical cost of handling exceptions per 100 paper check exceptions is $100 to $300
- 10:36 Source IP address, timestamp, and the browser = proof of received payment
- 12:48 Cost of sending a paper check = $5 to $10 (Goldman Sachs study)
- 13:10 Why should companies using card payments for airline miles pay by eCheck?
- 21:46 International payments and payroll payments made easy
- 25:38 Solving two problems: Immediate availability of funds, paying the underbanked
- 29:42 Instant pay is instant and worldwide (enter 16 + 4 digits). ACH set up and receipt takes multiple days.
- 32:40 How payment fraud is reduced and mitigated
PJ Gupta is the founder at Checkbook. Please visit his website here: www.checkbook.io
Kirk Conole
DCISolutions.net
(888) 395-0809