Master Financial Acumen and Save Millions
Manage episode 423508536 series 3480179
Jamie Shanks, Founder & CEO of Pipeline Signals and Get Levrg, specializes in optimizing offshoring for profit growth. With a background in leading “Sales for Life”, he's trained 250,000+ professionals globally for industry giants like Microsoft and Oracle.
About the Guest(s):ThinkFISH Chief Revenue Officer Patrick McGuire joins Jamie in this episode. Patrick is an experienced businessman who has a track record of successfully assisting founders with marketing, go-to-market plans, investor preparation, and growth and exit strategies. Patrick adds priceless insights to the discussion, having raised over $70 million for his own ventures and collaborating with elite teams throughout the world.
Episode Summary:
In this engaging episode of Outsource to Profits, join Jamie and Patrick as they go deeply into the financial techniques that might help founders avoid common traps and save millions of dollars in sales in this fascinating episode of Outsource to Profits. They talk about the value of zero-based budgeting, the unstated expenses associated with employee severance, and the potential cost and flexibility benefits of outsourcing. Patrick discusses his stance on holding onto stock, the true consequences of distributing shares too soon, and the essential components that determine whether a founder is fundable.
Key points discussed:
- The importance of financial acumen in entrepreneurship
- How zero-based budgeting can save substantial revenue
- The real costs of employee severance and deferred liabilities
- Strategic benefits of outsourcing and offshoring
- Maintaining equity and avoiding costly mistakes
- Preparing for raising capital and investor readiness
zero-based budgeting, financial acumen, offshoring, outsourcing, profit growth, equity preservation, raising capital, investor readiness, entrepreneurship, startup strategies, revenue optimization.
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