Episode Details

On this episode of The Elisha Show, Amb. Elisha welcomes financial expert Douglas Carpenter to unpack the real fundamentals of accounting, budgeting, tax strategy, and financial growth for business owners.

Douglas, a CPA and CFA, shares powerful insights on how entrepreneurs can better understand their financial statements, why operating cash flow is one of the most important numbers in business, and how proper budgeting creates direction — not just projections.

In this eye-opening conversation, you’ll discover:

• Why business owners should focus on financial statements — not bookkeeping

• The critical difference between profit and cash flow

• How budgeting drives intentional growth

• Legal tax-saving strategies most businesses miss

• The importance of entity structure in reducing tax burdens

• Common financial mistakes, including overlooked fraud risks

• How financial knowledge translates directly into smarter expansion decisions

Douglas also explains how small financial blind spots can quietly drain a business — and why proactive oversight is essential for long-term success.

If you’re serious about scaling your business, protecting your profits, and building sustainable growth, this episode delivers practical wisdom you can apply immediately.

Connect with Douglas:https://www.solutionsbychs.com/

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