"They simply just grow broke" with CEO Michael Hsu скачать в хорошем качестве

"They simply just grow broke" with CEO Michael Hsu

In this episode of the Bright Podcast, host and SmartSocial.com founder, Josh Ochs interviews Michael Hsu, founder and CEO of Deep Sky and The CFO Club. They discuss the critical importance of financial literacy and strategic financial management for entrepreneurs. Michael explains why rapid growth can often lead to financial peril for businesses that neglect the cash conversion cycle. He shares insights on building and sustaining financial health, including tales of client successes and challenges faced by fast-growing companies. The conversation touches upon the concepts of financial strategy beyond mere compliance, and how understanding profitability and time elements can save a business from growing broke. Michael also emphasizes the value of calculated investments and decision-making under the guidance of experienced financial leadership. 00:00 Introduction to Financial Challenges for Entrepreneurs 00:34 Meet Michael Siu: Founder and CEO of Deep Sky 00:53 The Unique Approach of Deep Sky 01:52 A Case Study: Growing Broke 04:07 The Value of Investing in What Works 09:01 The Importance of Quick Decision-Making 11:33 Balancing Luck and Hard Work in Business 14:40 Favorite Projects and Future Endeavors 15:34 The Challenge of Codifying Human Thought 15:55 Bringing Financial Literacy to the Masses 16:30 Building Great Organizational Culture 17:22 The Shift to Smaller, Expert Teams 19:06 Lessons from Success and Failure 21:24 The Importance of Accountability 22:41 Effective Meeting Cadence 25:09 Pro Tips for Financial Management 28:02 Final Thoughts and Reflections Learn more http://MediaLeaders.com Learn more about our family safety social media program: https://SmartSocial.com Buy our books: http://medialeaders.com/light-bright-... Here's our other 50 favorite books: http://medialeaders.com/about/books/ Sign up for Mailchimp: http://eepurl.com/4duI1