137: 5 Mistakes to Avoid when Scaling Your Interior Design Firm

Financial
Written By Michele Williams
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137: 5 Mistakes to Avoid when Scaling Your Interior Design Firm

with Courtney DeRonde

With me on the podcast today is Courtney DeRonde. Courtney is a CPA and Managing Partner of TDT CPAs and Advisors in Iowa. Courtney and her team provide boutique advisory services for small businesses that are in a growth mode. Today, she shares with us the 5 blindspots of a growing and scaling company. If we ignore these blindspots issues can certainly arise. Courtney offers actionable ways we can recognize the blindspots and do something about them in advance. Enjoy the podcast.

Topics Mentioned:

  • Scenario planning

  • Stress testing

  • Financial data

  • Blindspots

Listen to the Episode

136: 5 Mistakes to Avoid when Scaling Your Interior Design Firm with Courtney DeRonde With me on the podcast today is Courtney DeRonde. Courtney is a CPA and Managing Partner of TDT CPAs and Advisors in Iowa. Courtney and her team provide boutique advisory services for small businesses that are in a growth mode.

Key Thoughts:

  • One of the things that we found when we started to really focus more on being proactive, is that a foundation of being proactive is having accurate, timely financial information. Courtney (03:25) 

  • I really love the idea of teaching and creating frameworks, because we can pick them up and move them around to solve other problems. Michele (21:02) 

  • It is not just accurate and timely, that's foundational, but it also needs to be relevant. Courtney (31:45) 

  • As a coach that focuses on financials, what I do is use those financials, to determine what decision making has been happening. Michele (33:55) 

  • If we like the numbers, keep making the same decisions. If those are not the numbers that we want, or that we need, or that are going to carry us forward, we have to go back and determine which activities need to change. Michele (34:20) 

  • Cash flow problems are just a symptom, they're not the underlying problem. Courtney (37:18)  

Contact Michele:

Contact Courtney:

References and Resources:

Click here to read the transcript for this episode.

Michele Williams
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136: How to Easily Understand Your Interior Design Business Finances