James Kennedy sits down with Sarah Philabaum, founder of BuildYourBooks.com, to explore the financial realities of running a coffee shop. With years of experience in bookkeeping and CFO services, Sarah shares actionable advice for small business owners looking to take control of their finances – especially in the fast-paced world of food and beverage.
About Sarah Philabaum:
Sarah Philabaum is the founder of BuildYourBooks.com, a firm that offers specialized bookkeeping and virtual CFO services tailored to small businesses – particularly coffee shops. With a passion for helping owners understand their numbers, Sarah provides the tools and insights needed to stay financially healthy and sustainable. Her work blends practical financial advice with a deep understanding of the hospitality industry.
What You’ll Learn:
- Coffee Shop Financial Challenges: Understand the unique financial hurdles faced by café owners, from tight margins to fluctuating foot traffic.
- Cash Flow Management: Learn Sarah’s strategies for improving cash flow and keeping businesses running smoothly, even in lean times.
- Loan & Budgeting Tips: Hear how to make informed financial decisions when it comes to borrowing and budgeting.
Episode Highlights:
- “Sarah, what are the biggest financial mistakes you see new coffee shop owners make?”
- “How should small businesses approach cash flow forecasting, especially in seasonal or unpredictable markets?”
- “Can you walk us through your budgeting approach and how it helps your clients stay on track?”
More about Sarah’s Role:
As the founder of BuildYourBooks.com, Sarah Philabaum provides hands-on financial guidance to small business owners looking to thrive. Her focus on clarity, simplicity, and real-world application makes her a trusted resource for entrepreneurs in the hospitality space. And in this episode, she shares a special bonus: a free cash flow spreadsheet exclusively for podcast listeners – designed to help business owners get their finances in order.
