Lifestyle is a Plan
Lifestyle is a Plan podcast is for agency founders who are done with the growth hustle, and want profitability over pressure instead. In this episode of Lifestyle is a Plan, Kelly Molson is joined by FinOps Advisor [https://www.agencyfinops.co.uk/] Rich Brett [https://www.linkedin.com/in/rich-brett-36903590/]. After nearly a decade in agencies Rich took a leap into the world of advising after seeing first hand that agency owners needed someone to support them with FinOps. Much of his experience was gained at We Are Social, where he saw the business go from 50 to 150 people, leading a finance team of 6. Rich fills the gap between what accountants and NED's offer, but with a focus on aligning finance with operations to enable better decision making and sustainable growth. For the past 4 years he’s worked with owners from £300k up to £10m and improving commercial understanding and helping them look forward, not just backwards. Rich Brett and I connected over our shared message of building agencies sustainably. I really appreciate the simplified way he explains Revenue Recognition and FinOps, which makes it easy to understand the advantage of joining the dots between numbers and the data. This episode covers FinOps for lifestyle agencies, and why forecasting is the key to reducing stress and building a sustainable business. You’ll discover: * What FinOps is and why is it important * The FinOps advice is most impactful for agencies with 1–5 or 1-10 people * Why revenue recognition is important * The key to proactive forecasting * Rich’s Past, Present, Future" structure * Understanding rate card margins to ensure profitability Guest details Website: agencyfinops.co.uk [https://www.agencyfinops.co.uk/] Social: linkedin.com/in/rich-brett [https://www.linkedin.com/in/rich-brett-36903590/] Rich has been a very busy man since we recorded this episode, launching The Missing Finance Course [https://learn.scoro.com] alongside Harv Nagra [https://www.linkedin.com/in/harvnagra/]. A completely free finance course built for EVERYONE working in agencies, consultancies and other types of professional services firms. Podcast recommendations: Athletico Mince [https://open.spotify.com/show/00U0NJ6FGep57SZQIJZ4Iy] Brought to you by: Lifestyle is a Plan is brought to you by me, Kelly Molson - an agency advisor on a mission to support solo founders build the agency they want. I’m here to show the agency world that ‘lifestyle agency’ is not a cop out. It’s the future of our industry’s sustainable growth. You can join my Lifestyle is a Plan newsletter at http://kellymolson.co.ukkellymolson.co.uk [http://kellymolson.co.uk] Subscribe wherever you get your podcasts, leave a glowing review and share it with your founder friends. Edited by Steve Folland. stevefolland.com [https://stevefolland.com/]
9 episodios
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