Financial Responsibility in Entrepreneurship - A CFO's Guide with John Hannum

In this episode, host Bunmi Ajibade sits down with financial expert John Hannum, the founder and CEO of PPS Solutions PC. With over 25 years of corporate finance experience, John has dedicated his career to helping small businesses succeed by providing fractional CFO services and full-service accounting.

Throughout this episode, Bunmi and John discuss the importance of seeking support in business to combat the loneliness that can accompany entrepreneurship. John, who offers his expertise freely and encourages listeners to contact him via email, stresses the significance of financial education and a fractional CFO's profound impact, especially for businesses that can't afford a full-time financial officer.

As the end of the year approaches, the episode provides valuable advice on budgeting, planning for the next year, and maintaining financial vigilance. The conversation highlights crucial financial metrics and the need for businesses to understand their finances to ensure sustainability and growth. John shares practical tips on effective budget management and illustrates the strategic role of a CFO in guiding business growth and financial health.

Whether listeners are transitioning from corporate roles to entrepreneurship or have been running their own businesses for years, this episode is filled with indispensable insights to help them create, manage, and grow their own economy. 

Tune in to gain expert advice and take control of your financial future!

Key Moments: 

05:50 Empowering small businesses with fractional CFO services.

08:40 Manage funds wisely; budget early for success.

12:54 CEO adopting CFO mindset for financial decisions.

17:10 Plan finances meticulously; adjust strategy if needed.

20:40 Implemented process saved $120,000 in discounts.

24:25 Prioritize net margin and forecast cash balances.

27:49 Choose secure, low-cost financing; avoid predatory loans.

30:41 Personal credit score important for business funding.

33:53 Gain basic financial knowledge; consider hiring CFO.

36:26 Create a budget and cash flow forecast.

About the guest: 

John is the founder and CEO of PPS Solutions PC, a firm that provides Fractional CFO services and full-service accounting and finance to growing businesses. With a 25+ year background in

corporate finance and as CFO of companies with phenomenal growth trajectories, he now focuses on bringing the Financial Firepower commonly employed by large successful companies to the smaller, growing businesses that need it most.

 

Links to connect John : 

Website: https://www.ppsfinance.com/

Email: john@PPSFinance.com

Linkedin : https://www.linkedin.com/in/johnhannum/

 

About the Host: 

Bunmi Ajibade is the CEO, Executive Trainer, and Coach of Clarole Growth Resources, LLC. She impacts the lives of individuals, groups, and corporations through Coaching, Training, and Mentoring. Bunmi’s strategies include Creating Awareness, Clarity and Navigating to be more and do more to achieve success. Through her love, passion, care, and empathy, Bunmi has helped her clients navigate, gain clarity, and find solutions to make them live their best lives and succeed. Bunmi has organized workshops and seminars, led Leadership discussions, and conducted one one-on-one coaching sessions. Bunmi is happily married and raised three successful sons. She resides in Texas, USA. 

How to connect with Bunmi Ajibade: 

Website: https://clarolegr.com

LinkedIn - https://www.linkedin.com/in/bunmiaj/

Facebook Page - https://www.facebook.com/Clarole14

Book a call with Bunmi - http://clarolegr.com/meet