003: 20% Growth Using Fractional CFOs

003: 20% Growth Using Fractional CFOs

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 kconole@dcisolutions.net

Why should you listen to betterThink?

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 content for better thinking, so you betterTHINK 😉. Kirk Conole DCISolutions.net (888) 395-0809 kconole@dcisolutions.net

eChecks Cut Waste 80%

Truly 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 [http://www.checkbook.io] Kirk Conole DCISolutions.net (888) 395-0809 kconole@dcisolutions.net

Your Unseen Liabilities in Your 401k Plan

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 You seldom get what you pay for. 21:50 Fiduciaries reduce your personal risk at no additional cost. 25:08 What it means if you've been paying a "broker deal". 26:35 The TWO question CEOs must get answered... 30:16 Get someone else to be the bad guy. 33:37 CEO’s personal liability... 36:22 Don’t rely on Record keepers for advice. Kirk Conole DCISolutions.net (888) 395-0809 kconole@dcisolutions.net

Kirk Conole on Financial Gravity

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 and glamour. [13:05] How does Kirk transition from listening to someone’s story to sharing how he can make it better for them? [20:02] Kirk shares an anecdote about his appearance on a TV game show and how it relates to what he does. [27:36] John and Kirk discuss why their children think they’re heroes — hint, it’s not because of their amazing businesses. [28:34] What can Kirk offer business owners? The jump from great to greater. [32:30] Kirk shares more about what the cost-efficiency dashboard is and how it helps business owners save money. [33:58] Who is Kirk’s target market? [37:42] Kirk explains the other two qualities that help people to succeed, and how they relate to business. [43:25] John and Kirk delve into the topic of tax credits and how they apply to help businesses save money. [48:03] How does Kirk overcome the problem of employees not being invested in or enjoying the benefit of the changes necessary for the betterment of the company or business owner? It comes down to priorities. [56:01] John highlights the difference between DCI’s business model and other typical business models. [1:01:01] Kirk explains the growth chart he presents to business owners to show them the level of savings they can enjoy. Kirk Conole DCISolutions.net (888) 395-0809 kconole@dcisolutions.net