Alec Borlin, CPA’s Post

Before profitability, here are the key mindsets to manage: 𝗦𝘁𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗰𝗼𝗺𝗲𝘀 𝗳𝗶𝗿𝘀𝘁. 𝗕𝗮𝗹𝗮𝗻𝗰𝗲 𝗶𝘀 𝗲𝘃𝗲𝗿𝘆𝘁𝗵𝗶𝗻𝗴. #founders #startups #investment #fundraising #profitability

My first paying job as a financial advisor was managing budgets for a small bakery. The pay was tiny. The experience was enormous. I learned more about financial management in 6 months than I ever learned in school. 💼💡 Start your journey today! #FinanceTips #SmallBusiness #StartupIdeas #EntrepreneurLife #InnovateToday #BizInspiration #FutureOfBusiness #CreativeStartup #LaunchYourDream #NextBigThing #IdeaToReality #StartupJourney #DisruptTheNorm #ThinkBig #StartupMindset #InnovationNation #FreshIdeas #rightwinmedias

My first paying job as a financial advisor was managing budgets for a small bakery. The pay was tiny. The experience was enormous. I learned more about financial management in 6 months than I ever learned in school. 💼💡 Start your journey today! #FinanceTips #SmallBusiness #StartupIdeas #EntrepreneurLife #InnovateToday #BizInspiration #FutureOfBusiness #CreativeStartup #LaunchYourDream #NextBigThing #IdeaToReality #StartupJourney #DisruptTheNorm #ThinkBig #StartupMindset #InnovationNation #FreshIdeas #rightwinmedias

🎓🎓 How many NEDs and advisors eat their own dogfood? I know I do! Despite working as one I still employ an advisor myself. And Saturday I was reminded just how important that external view really is... 🫡 One of the major reasons I started Scaled Consulting - as I wrote about right back in 2022 - was to give some of the value back to others in the same way as I'd profited from it in building out our agency business to a £35m+ exit in 2020. 👴🏾 Yep, throughout the entirety of that lonely journey I was not alone. Instead I had the support of a much more experienced advisor who gave me both the confidence and tools to get much further than we ever thought possible. 📈 Without that support we would never have got to where we did. 😶🌫️ That person, who doesn't look for the spotlight (the best rarely do), had built and sold a large professional service business not once, but twice to a valuation of £2 billion. 🧐 Who am I to argue with that lived experience? 🤔 Through that process I learned everything from the importance of budgeting and planning to operational and financial reporting and intelligence. 💳 And yes it has been costly - but the value it brought is in the £millions. ✨ I learned how and why M&A is so important to understand and why you need better people than you think you do, sooner. ✅ I'll forever be indebted. 🤔 And for those that claim to be advisors themselves, or for those shopping for their services ask them this simple question: 🙋🏻♂️ If you use the services of an advisor, or employ NEDs to your board do they have a mentor/advisor? If not why not. 🧠 My monthly catch up Saturday was as inspiring as ever as we think about 2025 for Scaled Consulting so the hard work now begins to ensure I'm delivering on those promises. 👍 And that is an underestimated value from advisory support. 😬 I know next month's catch up will soon be back around and I'll need to prove I've done the hard yards...have you?

Delighted to have worked with my two new co-founders and the GenCFO team and to bring the latest senior finance dinner to the region! 🍽 🍻 🍷 In fact it's our first senior finance event as a (soon to launch) 3 person business - we go live in the next couple of weeks 😀 There was a brilliant buzz all evening, conversations flowed across the whole group, everyone there got involved! We had some really interesting topics that we discussed over dinner incl topics like: - AI and Automation - Future proofing your finance career - Challenges with the multi-generational finance workforce - Data and Analytics - And more! Thank you 🙏 to everyone who made it to this event....and for contributing in the talkign points over dinner. And for senior finance contacts unable to make it, hopefully see you at one of the next ones we bring together for you 🙂 What's next? There's a huge appetite among senior finance contacts in the region to come together for high quality networking events. Our aim with any event like this is to get a good balance of there being some engaging, topical, relevant talking points. While also allowing 'open time' for people to talk, engage and connect with each other. Into 2024: There will be at least 3-4 GenCFO North dinners/meetups next year, as well as ones myself, Joe and Rachel arrange independently of that. Look forwwarding to welcome current, old and new contacts to future events If you're interested in hearing about this format, or other (quality) senior finance events we have in the pieline. Or have an idea on a senior finance event that you'd like to collaborate/be prt of then like this post/comment or send me a message. Have a great weekend everyone!💙💚🧡💜💛🤍 #gencfo #financeleaders #accountingandaccountants #financedirector #chieffinanceofficer #cfo #seniorfinance

🌟 Happy Friday 🎉 The weekend’s nearly here, but we know the hustle never stops for those of you building the future, one project at a time! 💪 So, what exciting projects are you working on right now? 🏘️📈 Having a broker with accountancy in your corner can make all the difference. From sourcing tailored finance solutions to navigating complex deals, the right broker can help you focus on what you do best, creating amazing spaces, while we take care of the numbers. 💼💷 Drop a comment or DM if you’re curious about how we can support your next big project! 🚀

WHAT PHASE IS YOUR BUSINESS IN? And what common problems relate to that phase? At MJBiz last week I noticed common conversation patterns. It depended on what phase the business was in. I tend to break business life cycle down into 4 phases. My perspective is biased as a #CPA turned #finance professional. But, from the Finance teams perspective, the 4 phases and problems are below: Phase 1: "Pre-Revenue" = Common problem is entity structure and raising capital to launch the company. Or complete the construction within budget and by deadline. Phase 2: "Post-Revenue" = Common problem is making sales with healthy profit margins consistently. Struggling to track the true cost of production and SG&A. Phase 3: "Profitability" = Common problem is #automating workflow systems and software's. Struggling to install KPI's and Benchmarks to support profitability monthly. Phase 4: "Scaling" = Common problem is lack of experience optimizing multi-entity businesses'. Struggle to consolidate financial information for budget to actual analysis at enterprise level. Need more grey hair in M&A, JV type business transactions. This is how I think through #cannabis businesses growth from zero to valuable. Would love to hear how other industry finance professionals think through this. We find this stuff valuable to our clients and enjoyable for ourselves to work on DOPE CFO Certified Advisors. If you are a #CPA or #Finance professional who finds the above valuable and is canna curious please reach out at Kristi Vaneé Kem or myself. We are looking to grow in some key markets of NJ, PA and CO. New Jersey Society of CPAs New Jersey Cannabis Trade Association (NJCTA) Pennsylvania CPA Foundation Pennsylvania Cannabis Cooperative Colorado Society of CPAs | COCPA Colorado Springs Cannabis Association Photo Credit goes to my teammate with the long arms Cassidy McFarland, CPA. Shout out to the team at PufCreativ for getting good people together for some pickleball.

Can you believe it’s already been two years since Adam Cooksley joined the Navigate Commercial Finance Ltd team? Time flies when you’re enjoying what you do!   Read Adam's latest blog where he reflects on the last 2 years with Navigate Commercial Finance Ltd - link in the comments below 👇 .   #reflection #theinsider #youngbusinessdevelopmentmanageroftheyear #growth #team #anniversary #commercialfinance #personaldevelopment #development

Ready to elevate your brewery's financial stability? Dive into our latest blog post, "Brewing the Right Ingredients for Financial Stability," which is now live on our website! In the wake of industry challenges, such as the closure of Anchor Brewing last year, achieving financial resilience is more critical than ever. Gain actionable insights to fuel your brewery's success in the full article here: [Link to the blog post] And, if you're seeking tailored guidance for your brewery, our accounting management firm—with over 20 years of industry expertise—is here to support you! #CraftBrewery #FinancialStability #BreweryFinance