Are your business financials holding you back without you even realizing it? Many entrepreneurs have a great product and strong marketing, but when it comes to bookkeeping, cash flow, and financial strategy, things get messy. In this episode of The Vital Wealth Strategies Podcast, host Patrick Lonergan sits down with Matt Tait, CEO of Decimal, to uncover the biggest financial mistakes business owners make and how to fix them. Matt shares his journey from law to entrepreneurship, the role of technology in financial management, and the critical shifts needed to scale a business profitably.

This conversation is packed with insights on simplifying bookkeeping, leveraging automation, and ensuring financial clarity so entrepreneurs can focus on growing their wealth, reducing stress, and maximizing profitability. Whether you're struggling with financial organization, preparing for an eventual sale, or just looking to optimize your cash flow, this episode is full of actionable advice you won’t want to miss.

Key Takeaways:

• Why most entrepreneurs avoid their financials and how to change that

• Having huge revenue is great but only when it leads to profit.

• How automation and the right tech stack can eliminate financial stress

• Why good financials are essential if you ever want to sell your business

• Practical steps to go from financial mess to financial clarity

Learn more about Matt:

Decimal Website

Matt Tait LinkedIn

Episode Resources:

Unreasonable Hospitality by Will Guidara

7 Habits of Highly Effective People by Stephen Covey

Resources:

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Credits:

Sponsored by Vital Wealth

Music by Cephas

Art work by Two Tone Creative

Audio, video, research and copywriting by Victoria O'Brien