399. Using Debt to Your Advantage w/ Danielle Hendon

Would you rather read the transcript? Click here. I talk with consulting clients A LOT about finances in their practices. We talk about how to finance their practices in the beginning, how to manage cash flow problems, how to fund growth, how to increase revenue…all of the things. For all of those conversations and my own experience with financial ups and downs, I truly know very little compared to my guest today. Danielle Hendon, founder and owner of 4 Corners CFO, is here to talk with me about practice finances. We spend the majority of our conversation talking about debt: “good” debt vs. “bad” debt, line of credit vs. credit cards, and times when you want to use debt to your advantage. We also talk about Danielle’s CFO framework, how to talk finances with kids, and many other topics. If you’re like many of us and experience some shame or embarrassment around money, I hope that you walk away from this episode with some comfort that you’re definitely not alone! Cool Things Mentioned * The Testing Psychologist mastermind groups and business consulting * www.4cornerscfo.com/drsharp * Syft Accounting software * Grab your free workbook: Guide To Review Your Expenses Featured Resource I am honored to partner with PAR for 2021 to bring you featured items from their catalog! Listen to each episode for specific product recommendations and links. Learn more at www.parinc.com. The Testing Psychologist podcast is approved for CEU’s! I’ve partnered with At Health to offer CE credits for podcast episodes! Visit this link to access current and past episodes available for CE credit. You can use code “TTP10” for a discount on ALL the course credits you purchase from At Health! About Danielle Hendon Danielle Hendon is the founder and owner of 4 Corners CFO, a firm offering financial advisory services to small business owners on a scale that fits their company and budget. Coupling her decade of experience in corporate finance and accounting with her passion for small business owners, Danielle brings the benefit of “big business” financial analysis to entrepreneurs. Now, instead of helping corporations increase share price, Danielle gets to help business owners increase their personal livelihoods so they can leave a legacy and lasting impact on their community. Get in touch: Website: https://4cornerscfo.com/Facebook: https://www.facebook.com/4CornersCFOInstagram: https://www.instagram.com/4cornerscfo/LinkedIn: https://www.linkedin.com/in/danielle-hendon/ About Dr. Jeremy Sharp