The Most Essential Financial Decision Every Entrepreneur Should Make

The Most Essential Financial Decision Every Entrepreneur Should Make
I'm Jenni!

Your new BFF + Business Coach. I'm here to share all of the ups and downs BTS of my $1m/year photography coaching business and how I got here.

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As entrepreneurs and coaches, we often find ourselves wearing all the hats. One of the hats many of my clients try to wear is the financial, or bookkeeping hat. They try to manage their own QuickBooks and taxes, living in this constant fear of, “Am I doing it right??” 

I learned very early on after trying to do my own finances that I needed to hire a bookkeeper. Accounting isn’t my thing. I love math, but I’m not a CPA by any stretch, so I hired an incredible woman by the name of Zsofia. She and her partner have their own agency, providing comprehensive financial services. She’s basically my CFO (chief financial officer).

One thing I love about working with Zsofia is our quarterly review calls. During these calls, we literally go over everything: my profit and loss, balance sheet, where my business is going, if it’s on track, if I’m hitting benchmarks, if expenses are too high or too low, and how I can save the most money on taxes while being legally compliant. 

Additionally, she also does something called a “crystal ball analysis” where I get on the phone with her and the tax advisor. They give me insight into potential tax scenarios, allowing me to file taxes without the panic of last-minute deadlines. 

Another thing I love about her is that she’s truly a cheerleader for my business. Whenever we get on a call, she’s encouraging me by telling me things like, “You are crushing it,” and “Look how far you’ve come!” 

I never knew I needed a CFO, and to be honest, I didn’t even know what it was, but it’s been SO amazing for my business and it can be for yours too. 

If bookkeeping is a struggle for you, I encourage you to consider hiring someone like Zsofia to be on your team. The peace of mind and the strategic advantage it can bring to your business is invaluable. Remember: just because you can figure something out, doesn’t mean you should.

In This Episode, We Chat About

  • Why I decided to outsource my bookkeeping 
  • The benefits having a CFO has had on my business 
  • The quarterly reviews and tax planning I’ve received 
  • The value of having a supportive CFO

To work with Zsofia and her team, you can click here. They serve clients nationwide.

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More About The 7-Figure Online Coach Podcast

Imagine turning your years of knowledge, skills, and experience into an extra stream of income by creating an online course or coaching program. That would be a huge game-changer, right!?

Introducing The 7-Figure Online Coach Podcast hosted by your no-fluff, zero BS coach Jenni Maroney. Jenni is a former burnt-out photographer turned online business coach, and she’s teaching you how to use your skills so you can make extra income without feeling overworked.

Each week you’ll learn the marketing strategies, business hacks, actionable steps and advice that she used in her own business to become a million-dollar coach. She’s sharing all of her tips and tricks that have helped build success over the last 2 decades for herself and for her clients so that you can finally transform your ideas into a reality, and into the hands of paying clients.

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Hi, I'm Jenni.
Your BFF + New Business Coach.

Your new BFF + Business Coach. I'm here to share all of the ups and downs BTS of my $1m/year photography coaching business and how I got here.

Learn more