Feb 28 2025 17 mins 1
In this episode of the CanadianSME Small Business Podcast, host Maheen sit down with Josh Philipchalk, CEO of Craft CFO Consulting, to explore the critical role of financial management in small business success. With 45% of Canadian small businesses struggling to manage their finances effectively, Josh shares expert insights on keeping financials up to date, understanding financial statements, and leveraging bookkeeping and CFO services to drive business growth.
Tune in as we discuss practical financial strategies, budgeting best practices, and how businesses can determine the right level of financial support—whether it’s bookkeeping, controllership, or CFO services.
Key Highlights:
🔹 Why Keeping Financials Up to Date is Essential for Business Success – The risks of neglecting financial management and how it impacts growth.
🔹 Understanding Financial Statements – A breakdown of income statements, balance sheets, and cash flow statements to help small business owners make informed decisions.
🔹 Practical Financial Management Tips – Actionable steps for better budgeting, forecasting, and expense management, even for non-finance experts.
🔹 Choosing the Right Financial Support – How to determine whether your business needs bookkeeping, a controller, or a CFO service at different growth stages.
🔹 Expert Advice from Josh Philipchalk – One key financial takeaway every small business owner should apply today.
Special Thanks to Our Partners:
- RBC: https://www.rbcroyalbank.com/dms/business/accounts/beyond-banking/index.html
- UPS: https://solutions.ups.com/ca-beunstoppable.html?WT.mc_id=BUSMEWA
- IHG Hotels and Resorts: https://businessedge.ihg.com/s/registration?language=en_US&CanSME
- Google: https://www.google.ca/
For more expert insights, visit www.canadiansme.ca and subscribe to the CanadianSME Small Business Magazine. Stay innovative, stay informed, and thrive in the digital age!
Disclaimer: The information shared in this podcast is for general informational purposes only and should not be considered as direct financial or business advice. Always consult with a qualified professional for advice specific to your situation
