467: The Fiscal Realities of Crisis, with Andrew Carroll

Coaching for Leaders

Dave Stachowiak

Education, Business, Management, Self-improvement, Careers

4.8 • 1.6K Ratings

🗓️ 2 May 2020

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

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Summary

Andrew Carroll: CFOAndrew Andrew is a CPA and consultant at CFOAndrew who advises leaders and businesses on financial questions and change. He supports organizations in navigating taxes, investments, insurance, business strategy, operations, mergers and acquisitions, and accounting. Key Points Know the difference between deferred demand and lost demand and consider that in your strategy going forward. Leverage is meant to protect a business, not save it. Hedging is the most important thing you can do with your money. Business owners and leaders should consider unemployment programs and, in The United States, Emergency Sick Pay, Economic Injury Disaster Loan Emergency Advance, and the Paycheck Protection Program. Use the formula P=40 to 70, in which P stands for the probability of success and the numbers indicate the percentage of information acquired. Once the information is in the 40 to 70 range, go with your gut. -Colin Powell Resources Mentioned CFOAndrew Related Episodes Improve Your Financial Intelligence, with Joe Knight (episode 244) How to Approach Corporate Budgeting, with Jody Wodrich (episode 355) Four Rules to Get Control of Your Money, with Jesse Mecham (episode 356) Dumb Things Smart People Do With Money, with Jill Schlesinger (episode 396) Discover More Activate your free membership for full access to the entire library of interviews since 2011, searchable by topic.

Transcript

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0:00.0	You don't listen to this podcast for financial advice and today's episode isn't intended to give it.
0:05.0	For that, talk to your own accountant or financial professional.
0:09.0	That said, framing thinking about the economic reality is important for leaders during a crisis.
0:15.5	On this Saturday cast, our own accountant on the mindsets that will help leaders make better decisions on the fiscal realities ahead.
0:23.7	This is coaching for leaders episode 467.
0:28.0	Produced by Innovate Learning, Maximizing human potential.
0:33.0	Greetings to you from Orange County, California.
0:40.0	This is coaching for leaders and I'm your host Dave Stahoviac.
0:44.4	Leaders aren't born, they're made.
0:46.8	And this weekly show helps you discover leadership wisdom
0:50.0	through insightful conversations.
0:53.0	Every leader and every organization
0:55.0	is thinking about the financial and fiscal reality
0:58.6	of responding to the COVID-19 crisis.
1:01.6	And today, we're going to take a bit of a dive into the financial and fiscal part of
1:08.0	leadership so that we can be well informed about how we respond as individual leaders, as organizations, and thinking
1:16.8	about many of the things that have happened on a big picture level and how that really affects the strategy for each of our own organizations.
1:26.0	I'm glad to welcome to the show today, Andrew Carroll.
1:29.1	Andrew is a CPA and consultant who advises leaders and businesses on financial questions and change.
1:36.2	He supports organizations in navigating taxes, investments, insurance, business strategy, operations, mergers, and acquisitions, and accounting.
1:45.0	And he is also our accountant and supports us with financial expertise to navigate decisions,
1:50.0	which is how Andrew and I know each other.
	...

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