Here’s what you should learn before scaling your business, per my Linked In Live conversation with Madeline Reeves, Founder & CEO of Fearless Foundry, on October 3rd.

  1. If you own a service based business and you’re involved in client work, factor your time (owner’s hourly rate plus benefits) into the pricing equation. Put yourself first!
  2. When pricing a client project, don’t just mark up the cost by a random multiple, consider the cost of onboarding the client, delivering the work, employee costs, other overhead costs and expected profit from the project.
  3. Hire additional employees based on current workload instead of based on projected future revenue.
  4. Take on clients you like working with that fit your ethos instead of chasing clients just to make payroll.
  5. If you’re going to take on debt, take on the best type of debt you can. In Madeline’s case it was loans from a CDFI (community development financial institution) with great customer service, fixed terms and relatively lower interest rates.
  6. Have a vision for what you’re going to do with the debt you take on and how you’re going to generate ROI (return on investment) using it.
  7. Money is energy. The more you look at your numbers, learn from them and have a relationship with them, the better you understand the energy-power exchange and the better you manage that money.

Madeline’s journey is a powerful reminder that scaling a business isn’t just about chasing bigger contracts or higher revenues. It’s about creating a sustainable model where you prioritize profitability, your team, and yourself.

If any part of Madeline’s story resonates with you, tune into the full interview here.

The key to long-term success lies in understanding your numbers and being intentional with your decisions. If you’re a CEO of a fast growing business with $500K – $15MM in revenue, learn what our team of Fractional CFO’s can do for your business by scheduling a Financial Consult. We help growth-minded small business owners, increase profits, make decisions for scale confidently or exit successfully. 

Book a Financial Strategy Session

Talk soon,

-Tricia

Tricia Taitt is the CEO and Chief Financial Choreographer of FinCore. She holds an M.B.A from The Fuqua School of Business of Duke University, and a BS in Economics with a Finance concentration from The Wharton School at the University of Pennsylvania. For over 20 years, she’s been a finance professional. Half of the time was spent working on Wall Street while the other half was spent in the trenches side by side with small business owners. As a result of working with FinCore, clients have been able to take control of their numbers and feel more confident in their ability to make decisions, while increasing profits by 10% and building a cash stash to invest in growth. Follow Tricia on LinkedIn and Instagram.

If you’re ready to see what our team of CFOs can do for your small business, Schedule a Financial Strategy Session.