Description:

This is an exciting series on building mesmerizing workplace cultures. There is no greater competitive advantage than having happy and mentally-devoted employees who want to do good for their company and the world.

In this episode, we have another mesmerizing CEO, Spencer Shanin. Spencer is an entrepreneurial accountant, founder and CEO of Shift Financial Insights based in Canada. The firm provides accounting and financial insights for businesses on the rise. He has over 15 years experience as an entrepreneur, combined with extensive financial experience as a CPA and investment banker.

Spencer shared valuable tips and insights all throughout the episode like why leadership and accounting teams often struggle with poor communication, tips for reading your financials better, and how to improve your financial situation.

Jump right into the conversation now and gain valuable wisdom about understanding and improving your business’ financial situation.

Quotes:

“As an accountant, I went to school for three years to learn, create, write, interpret financial statements, most entrepreneurs didn’t. And yet most entrepreneurs are expecting the accountants to kind of think like they do, like, What problems are we facing, etc. But most accountants are just trained in debits and credit.” – Spencer Sheinin

“Sales, cost of goods, expenses, ar, AP, inventory, and your equipment. If you focus on those seven things, that’s how you’re going to drive the most profit or cash in the business by picking the right one.” – Spencer Sheinin

“As the entrepreneur, your effort is the entrepreneur is to make sure your accounting team is getting the hygiene right, and then presenting the information in a way that makes sense.” – Spencer Sheinin

Mentions:

https://www.facebook.com/TimShurr

https://mesmerizingleadership.com/ 

https://powermindsetprogram.com

Entrprenumbers 

https://shiftfinancial.co/ 

https://howsmybookkeeper.com

Show Notes:

[00:38] Greetings and introduction Spencer Sheinin

[01:31] Why leadership and accounting teams often struggle with poor communication

[09:06] Learnings from being a part of Entrepreneurs Organization in Canada

[13:12] Tips for reading your financials better

[20:23] The mindset shift for entrepreneurs

[24:20] How to find people with the expertise you needed

[28:59] Entreprenutcases

[35:22] Tips for how to improve your financial situation

Make Your Day Mesmerizing