What Money Management Looks Like as a CEO with Danielle Hayden

Female Founders Breaking Boundaries

Jun 2 2022 • 55 mins


As a CEO, you need to be looking at your business's finances from a birds eye view in order to think analytically, make educated business decisions, and look ahead to the future. You’re not going to be able to do this if you’re stuck in the weeds of the transactions. This week’s episode 58 of Female Founders Breaking Boundaries is about what money management looks like as a CEO!

Have you ever felt like you were WAY too busy, stressed out, burnt out, and overwhelmed so you were advised to delegate some tasks to take things off your plate and free up some time? Except, maybe it didn't work. If getting out of the day-to-day in your business was as simple as hiring more people, then why are you still feeling overwhelmed and burned out? You are not alone! Sometimes, simply delegating tasks doesn’t work and instead shifts your workload from “doing” to “managing.”

I invite you to use the exercise that our own C-Suite clients use to take the first step in turning your team into a well-oiled, self-managed machine- and get you out of the delegation catch 22. Download the exercise here to get started!

In this episode of Female Founders Breaking Boundaries, my guest Danielle Hayden is sharing the importance of setting up the right foundations so you can understand your numbers and make business decisions reflective of those numbers and actionable steps you can take right now to set your business up for financial success. Some of the things Danielle and I cover in this episode are:

  • Which numbers it is important for us to pull on a regular basis and what these numbers can tell us about our business.
  • What we mean when we talk about looking at your finances as a Visionary or a CEO.
  • Where your profit goal should be and is there such thing as too much of a profit margin?
  • Questions to ask yourself and the costs to consider (even the hidden ones) when making the decision to hire into your team or make another big investment.
  • Determining if it is the right time to invest in something beyond your finances.

As a business owner, you have this responsibility to yourself, your team, your vendors and your customers to stay in business and the only way you can do this is if you understand your numbers.

If you enjoyed this episode, take a screenshot of the episode to share and tag me!  And don’t forget to follow, rate and review the podcast and tell me your key takeaways!

Learn more about Female Founders Breaking Boundaries and Casey at https://she-suiteboutique.com/podcast/

CONNECT WITH CASEY GROMER:

LinkedIn

Company Persona

Work with Casey Gromer!

CONNECT WITH DANIELLE HAYDEN:

Website

The Profit Planner

Entrepreneur Money Stories Podcast

Instagram @kickstartaccounting

Instagram @daniellehayden_oh

Hire Worksheet

LINKS MENTIONED IN THIS EPISODE:

Female Founders Breaking Boundaries: Is the Investment Worth It?

Female Founders Breaking Boundaries: Tracking and Keeping Score of Your Metrics

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