#57: Taking Ownership of Company Finances with Angela Rice

by | May 25, 2021 | Podcast

Today’s Guest

Welcome back to another episode of the We Live to Build podcast.
No matter how you choose to run your business, if you don’t have a deep understanding of your finances, you will be doomed to fail.
If you take the time to understand your finances, make sound decisions around who has what kind of access to that information, and empower great people to be honest with you about financial decisions, you are much more likely to succeed.
Our guest today is Angela Rice, a Certified Public Accountant, a Certified Fraud Examiner, a former forensic accounting consultant, and now the co-founder of Boutique Travel Advisors and of Centered CEOs.
If these company names sound familiar, it’s because I interviewed her co-founder for both of these companies Janet Semenova in episode 49, where we talked about isolation and loneliness as an entrepreneur and how to handle it.
If you haven’t listened to that episode yet, I hope you do!

Let’s give a warm welcome to Angela!
We talked about: – What are CFOs, Accountants, and Bookkeepers and what are the difference? – When should you consider hiring each of these three? – Who should have access to view your finances within your organization? – Does the CFO actually control the finances and can block a CEO from spending money? – What are GAAP standards? – What is the difference between an unaudited and audited financial statement? – What is forensic accounting? – How can you tell is someone is cooking the books? – What are some ways you discovered people cheating? – How do you prepare for being acquired? – How do you prepare for going public? – How do you handle bankruptcy
And remember, Entrepreneurship is a Marathon, not a Sprint, so take care of yourself every day, so that you can live and love, and have the energy and the passion to run your business, and to invest in your team, and to find a way to appreciate those moments of happiness.

About the Community

On the podcast, Sean talks with entrepreneurs about the reality of their struggle to succeed, as well as answering questions from the community, and sharing nuggets of wisdom from his own life.

Discover through these amazing episodes the courage to open your mind, heart, and soul to the world so you can be the best entrepreneur possible, respect the people you work with, and improve the world with your company while not hurting others or yourself in the process.

Sean Weisbrot

Sean Weisbrot

Sean is an entrepreneur, investor, and advisor based in SE Asia for over 12 years. He is passionate about Psychology and helping others improve themselves.

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