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053: Biggest Mistake Employers Make When It Comes to Money – with Lauren Colson

podcast Oct 11, 2023

Let’s dive into the complex world of business finance – discussing everything from critical business decisions to the power of financial literacy. Lauren Colson, the brilliant mind behind Colson Strategies, breaks it down for us, illuminating the varying needs of a business at different stages of growth. We also step into the realm of outsourcing, shedding light on the importance of understanding your numbers and cash flow to make smart decisions. 

Lauren gifts us with the key to unlocking a wealth of knowledge on the financial decisions that steer the business ship, the crucial role of CFOs, and the importance of financial literacy. We dive deep into the financial implications of hiring a team member. We also explore the need to think beyond salary, considering benefits, payroll taxes, and workers' comp, and challenge the traditional notion of part-time versus full-time roles. 

We wrap up the discussion by looking at the legal determination of independent contractors versus employees and how this impacts your finances. This episode is more than just a conversation; it's your roadmap to financial mastery in business.

In this episode, you will hear:

  • Financial decisions for business owners
  • Role of CFO, hiring considerations
  • Financials, hiring, and business growth
  • Considerations for hiring and budgeting

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