Navigating Business Finances: Expert Advice with David Floyd and Mark Glassman

In this episode of The Perfect Franchise Podcast, hosts Kris Simonich and Andrea Floyd discuss essential financial and accounting aspects of business ownership with expert guests David Floyd, a seasoned business owner, and Mark Glassman, owner of Lugo Point Financial Services. They dive into the nuances of setting up your business entity, managing finances, and the importance of having the right professionals on your team. Whether you're considering a franchise or already in your first year, tune in for valuable insights on navigating the financial landscape of franchising.

 

Highlights:

▸Understanding Business Entities: Learn about the differences between various business structures like LLCs, S Corps, and how to select the best option for your franchise.

▸The Role of Accountants: Discover the distinctions between business accountants and tax accountants, and why it's essential to have both on your side.

▸Setting Up Financial Systems: Get practical advice on setting up your accounting systems and using software like QuickBooks for easy management of your finances.

▸Franchise Insights: Hear about the unique advantages of franchising and how to leverage support from both franchise leadership and fellow franchisees.

▸Advice for New Franchise Owners: Gain meaningful tips for those new to franchising, helping you understand the importance of hard work, reinvestment, and community engagement.

 

If you're venturing into the world of franchising, understanding the financial aspects is crucial to your success. Surround yourself with the right experts and resources to make informed decisions and turn your franchise dreams into reality. Explore your options with The Perfect Franchise team for a tailored approach to your entrepreneurial journey!

 

📌 Stay Connected:

Visit our website: www.theperfectfranchise.com

Kris Simonich: LinkedIn | Email: kris@theperfectfranchise.com

Andrea Floyd: LinkedIn | Email: andrea@theperfectfranchise.com

Mark Glassman: https://www.linkedin.com/in/mjglassman/

David Floyd: https://www.linkedin.com/in/david-floyd-46687b116/

Lugo Point Financial Solutions: https://lugopoint.com/

 

Produced by The Perfect Franchise

 

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