107. 8 Business Lessons That Could Change Everything

I just completed my eighth year in business, and honestly, it was a completely wild ride. Over the last 12 months, I adopted a 10-year-old boy, bought a home, and hosted the world's first-ever conference for Fractional CFOs. I also saw my second company hit seven figures, and I lost $500,000 in recurring revenue in one night….but my team and I made it all back up again over the next 60 days. As you might imagine, I learned a ton about myself and about business through the course of all of that. In today's episode of The CFO report, I will share the eight biggest lessons I learned in my eighth year in business. You're going to want to stick around until the end, because number eight was hands down the biggest lesson I learned this year, and it was the one that's made me the most money. Let's dive in. LINKS MENTIONED IN THIS EPISODE: Necessary Endings by Dr. Henry Cloud: Hardcover - https://amzn.to/43AWgKWKindle - https://amzn.to/3TNK3iD _________________________ Interested in hiring MY firm to be your Fractional CFO?https://www.kfesolutions.com  CHECK OUT MY FREE WEEKLY NEWSLETTER - 😀 The 5 Minute Fractional CFO - Every week I share 1 actionable tip to help you start, scale, and optimize your CFO services (and you can read it in 5 minutes or less!) -https://cfo.thecfoaccelerator.com/newsletter  MY FREE ONLINE COURSE:💰 CFO Sales Masterclass - My 8 Step Sales Framework for closing CFO clients - https://cfo.thecfoaccelerator.com/sales   MY FRACTIONAL CFO PROGRAMS:👉 The Inner Circle - Live training every month to help you scale your Fractional CFO firm - https://cfo.thecfoaccelerator.com/innercircle👉 The CFO Academy - My flagship course for quickly starting and scaling your CFO firm - https://cfo.thecfoaccelerator.com/academy   📚 Have clients that need bookkeeping? Trust the bookkeeping firm we trust.Click here to learn more about Decimal MY FAVORITE FIRM TECH: ✅ G-Accon - I save 40 hours a month with G-Accon. Save 30% here: https://cfo.thecfoaccelerator.com/accon✅ Kajabi - Love this for my website and marketing: https://app.kajabi.com/r/WaFg8TLv    MY KEY LINKS 🌎 Website - https://www.thecfoaccelerator.com👋 LinkedIn -  https://www.linkedin.com/iammichaelking     WHO AM I?  I'm Michael King. A nuclear engineer turned Fractional CFO. I've spent nearly a decade scaling my Fractional CFO firm, KFE Solutions. During that time, I've realized the enormous impact that Fractional CFOs can have for their clients, their families, and themselves.  Now, I help other Fractional CFOs learn how to scale their firms and maximize their own impact!  PS - Some of the links in this description are affiliate links that I get kickbacks from 😀