EP159: Discover How to Run a Business Like a Pro

EP159: Discover How to Run a Business Like a Pro - Hurley Fox

In today’s episode, Hurley Fox joins us as he dive deep into the world of business finance, exploring the crucial role of financial data in running and selling a successful business. Forget relying on gut feelings—Hurley emphasizes the importance of tracking every financial metric, from revenue and expenses to net worth and free cash flow.

We’ll also journey through Hurley's personal experience, from his beginnings in construction to his unexpected shift into accounting and eventually business ownership. Along the way, he offers tangible advice on how personal finance can pave the way for mastering business finance and underscores the necessity of a well-organized financial system for making informed decisions.

Show Notes
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In this episode, you will learn

Significance of data driven decision making vs gut feeling
Measure what you care to improve
Benefits of having a third party verify financial accuracy
Insight from bookkeeping beyond tax purposes
Structuring a business to operate without the owner's daily presence

About Hurley

Hurley is the owner of Fox & Partners, an outsourced CFO services firm that helps businesses and business owners organize their financials, better understand them, and leverage them to gain insights to improve their strategies, increasing their cash flow and net worth as a result.They've been in business for over 5 years and work with over 150 businesses on a monthly basis. These organizations include small trucking and logistics companies in Virginia, large real estate development firms in Philadelphia, and rapidly expanding dermatologists in New Jersey. Hurley uses his emotional intelligence and the communication skills he developed as a licensed teacher in order to add a personal touch to accounting practices.

Additionally, his experience at an accounting firm taught him the value of sitting and talking with business owners about their key challenges and stressors once a month, and ho5w many of those roadblocks were rooted in financials. In their organization, Hurley and his team act as true partners for a business, helping entrepreneurs to stay organized financially, efficiently manage their money, and develop solutions to their business problems. He likes to think of his services as similar to those of a general practitioner; he uses regular visits and tests in order to evaluate financial health and get his clients on an optimal path.

Connect with Hurley

Website: www.foxandpartners.com

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