Drake Gens is the Owner and CEO of FinTeam Business Consulting, a financial consulting firm dedicated to helping small businesses improve profitability, manage cash flow, and reduce debt. Based in Charlotte, North Carolina, Drake specializes in providing personalized financial guidance through services such as cash flow forecasting, expense optimization, full accounting support, and custom reporting.

With a focus on building trust and delivering actionable insights, FinTeam operates on a month-to-month pricing model, offering tailored solutions to meet the unique needs of each client. Drake’s team also supports entrepreneurs with budget creation, KPI analysis, IRS audit prevention, and guidance for critical financial decisions. FinTeam is the go-to resource for entrepreneurs seeking clarity and control over their finances.

Here’s a glimpse of what you’ll learn:

• The critical role of money in business and personal success.

• How to align your strengths with the right role in your business.

• Essential financial management practices, including recordkeeping and budgeting.

• Common financial pitfalls contractors face, such as late receivables and poor cash flow management.

• The impact of compensation structures on hiring and team growth.

• When and why your business might need a CFO.

• How the 'Drake Check' service can assess and improve your financial health.

In this episode of the Get the Intel podcast, host Chad Gill welcomes financial strategist Drake Gens from FinTeam Business Consulting to discuss vital financial management strategies for contractors. The conversation starts with an overview of the significant role money plays in business and personal success, highlighting the importance of aligning one's strengths with their business role. Drake shares essential financial management principles, including the necessity of maintaining organized records and budgeting for taxes, reporting, and lender requirements. He identifies common pitfalls, such as poor cash flow management and the impact of compensation structures on hiring. The episode also explores the pivotal role of a CFO, emphasizing when businesses should consider hiring one, particularly for preparing for mergers and acquisitions or seeking financial clarity. Finally, Drake introduces his 'Drake Check' service as a valuable tool for assessing financial health, concluding with actionable steps for listeners to enhance their financial practices.

Follow Drake Gens here:

Website: https://thefinteam.com/

Drake Gens on LinkedIn: https://www.linkedin.com/in/drake-gens-cfa-39743916b/

The Drake Check: https://thefinteam.com/the-drake-check

Instagram: https://instagram.com/finteambusinessconsulting/?hl=en

Facebook: https://facebook.com/thefinteam