Founder Foundations: Control Levers and Systemization 101
Steve breaks down financial control levers, from accounts receivable to supplier payment terms, and the reporting habits that catch problems before they compound.
Steve Simonson
On-air link:awesomers.com/285
Show notes
This Founder Foundations episode moves from financial statements down a level, into the control systems that make sure the numbers on those statements are actually right.
The episode covers building a billing-in-advance process for service businesses, why unpaid invoices and late supplier payments both trace back to missing controls, and a checklist approach for documenting who monitors what and how often.
For founders who have financial statements but no real system watching what feeds into them.