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The Home Service Expert Podcast

Mastering The Financial Side Of Your Business

The Home Service Expert Podcast

Tommy Mello

Business, Management

4.8705 Ratings

🗓️ 3 October 2018

⏱️ 38 minutes

🧾️ Download transcript

Summary

Justin Krane is a certified financial planner and a money strategist for business owners. He founded Krane Financial Solutions, and frequently guests as a financial expert on popular TV shows such as CBS and Fox Business News. His mission is to help business owners better understand the financial side of their business. In this episode, we talked about cash flow, scaling, revenue generation...

Transcript

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0:00.0

This is the Home Service Expert podcast with Tommy Mello. Let's talk about bringing in some more money for your home service business.

0:06.9

Welcome to the Home Service Expert, where each week Tommy chats with world-class entrepreneurs and experts in various fields, like marketing, sales, hiring, and leadership, to find out what's really behind their success in business.

0:22.6

Now, your host,

0:25.4

the Home Service Millionaire, Tommy Mello.

0:35.7

Hey there, Home Service experts, Tommy Mello, back at you coming here with Justin Crane.

0:38.6

Justin is a CFO.

0:43.5

He's actually a virtual CFO and he's a financial advisor that manages well over $100 million.

0:51.2

And he's here to help us understand what our numbers mean and tell us a lot about maybe how we should be looking to invest that money.

0:53.1

Justin, how's your day going?

0:54.1

Good, man. Thanks for having me.

0:55.6

Yeah, I'm excited. I was telling you earlier that I don't have a lot of people on here that know

1:00.6

what you know. And I'm going to ask you kind of an overview of what you started in, how you

1:07.1

started being a virtual CFO and some of the things that you discovered that maybe

1:11.5

small business owners were all making the same mistake when it comes to understanding the numbers.

1:17.0

Sure, yeah.

1:17.9

I started out as a financial advisor at UBS, one of the big Wall Street firms, and eventually

1:23.5

just made my way into opening up my own business as a fee-only financial advisor.

1:29.2

And I love running businesses and talking business strategy and just dealing with someone's

1:36.1

business, especially their numbers. And I knew that there was a direction that I wanted to go in.

1:40.8

And I just kind of like rolled with it, opened up my own business, just dove in

1:46.2

learning about the numbers in someone's business, how I could help them take more control

1:51.0

on it, implement changes and really, I don't know, have something to show for it because I think

...

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