Episode 63: Let’s Talk Budgeting and Finances with Jakob Kirschner

In this episode of Blue Collar StartUp, your hosts Mike Nelson of Five Towers Media and Derek Foster of Daigle Cleaning Systems, interview CEO of Peak Advisory Jakob Kirschner. Tune in to hear them discuss the importance of having good data in accounting, how the size of a small business can affect their finances, and much more!

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0:16 Opening Introductions
1:16 Introducing Jakob
3:44 Moving to Colorado from Germany
5:51 Being a Fractional CFO
8:00 Budgeting
9:50 Hiring a CPA in the Future
10:30 The Connection between Business Operations and Finances
13:22 Challenges with Bookkeeping Quality
17:10 Approaching $500k Businesses vs 2M Businesses
21:32 Pushing for ACH
22:32 Getting the Money Sooner
25:16 Labour Costs
28:41 The Mercedes Factory
30:27 Adapting to Bookkeeping Softwares
31:01 Utilizing AI
34:00 Having a Plan in Place
35:52 Morning Routines
39:45 A Piece of Advice
40:14 Where to Find Jakob
43:11 Thanks to our Sponsors
44:14 Closing Thoughts