Laying the Financial Foundation: The 3 Moves Every Business Needs

Wealthy Way

Ryan Pineda

Business, Entrepreneurship

4.8 • 2.1K Ratings

🗓️ 10 June 2025

⏱️ 17 minutes

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Summary

Before scaling, you need a solid financial foundation. From cleaning up your books to setting up Profit First systems and dashboards, this is how you stop flying blind and start building real cash flow. Get access to our real estate community, coaching, courses, and events at Wealthy University https://www.wealthyuniversity.com/ Join our FREE community, weekly calls, and bible studies for Christian entrepreneurs and business people. https://www.wealthykingdom.com/ If you want to level up, t...

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0:00.0	What is it you do when you first come in with somebody?
0:02.5	Yeah, we call it Lane the Financial Foundation.
0:04.6	We do three things with every company as a fractional CFO.
0:07.8	Number one, we make sure they have the right bookkeeper, system process, and person in place.
0:12.2	Yep.
0:12.4	So you are not doing bookkeeping.
0:14.0	You are advising the bookkeeping.
0:15.4	We have a bookkeeping for, like, only for our clients, though though and only if they need it because if they come in and
0:21.6	they have a good bookkeeper but no one's managing them yeah we can still help them but we're
0:25.4	just now managing the bookkeeper for them yeah that's theirs if they are like hey i don't like
0:29.9	my bookkeeper it's on fire like then we can come in and clean it up got it so that's number one number
0:34.7	two we implement profit first because there's actual implementation steps.
0:38.0	We get them over the hump of like setting up the bank accounts.
0:40.8	Yeah, they're like, oh, my, wow.
0:42.2	So like what are some of the steps of profit first, just so people now?
0:44.9	Like the bank accounts, obviously.
0:46.1	The bank accounts is a big one.
0:47.4	That's the first one.
0:48.1	The other one that we do in that you can find even in the book is how to find what right now you're doing percentage-wise in your business.
0:54.7	Like how much are you actually bringing in? Then where are you putting that money right now?
0:58.6	Like percentage-wise, how much are you putting towards the operations of the business? Then how much
1:02.8	are you actually keeping? So it's like, what should the percentages kind of look like?
	...

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