"If you're doing your KPIs based on cash accounting, you're not seeing the real picture of your business." – Harry Cendrowski

What You’ll Discover Today:

Most business owners don’t realize they’re using the wrong accounting method—and it’s costing them. In this episode, Dave Lorenzo and Harry Cendrowski break down the crucial differences between cash accounting and accrual accounting, and why every growing business should understand both.

Key Topics Discussed:

• What cash accounting really means (and why it’s misleading)
• The role of accrual accounting in accurate financial forecasting
• Why banks and buyers insist on accrual-based financials
• When and how to transition from cash to accrual accounting
• How accrual accounting impacts budgeting, tax planning, and business valuation
• Real-world scenarios where accrual accounting reveals the truth behind the numbers
• What it takes to convert your financials (and how long it actually takes)

Links and Resources:

• Subscribe via Email: GetInsideBS.com
• Listen on Spotify: Inside BS Show on Spotify
• Listen on Apple Podcasts: Inside BS Show on Apple Podcasts
• Call Us: (305) 692-5531
• Contact Harry Cendrowski: (866) 717-1607

Call to Action:

🎧 If you’re still using cash accounting, this episode is your wake-up call. Watch the video below to see why accrual accounting is essential to serious business growth.

“One-third of your time as a leader should be spent training your replacement.” — Dave Lorenzo

What You’ll Discover Today:

Succession planning is often buried in corporate-speak and theory. But if you want to increase your business value and protect your legacy, you need a practical, repeatable approach that actually works. In this episode, Dave Lorenzo gives you a blueprint based on real-world experience as a hotel executive and growth consultant to family businesses.

Key Topics Discussed:

• Why theoretical succession plans fail
• How to outline a job role for effective training
• Using a daily checklist to boost accountability
• The simple time-tracking method that builds better systems
• How to turn calendar data into a training curriculum
• Why every manager should spend one-third of their time training others
• The direct link between succession planning and business valuation
• How Exit Success Lab builds leadership pipelines with every client

Links and Resources:

• Subscribe via Email: GetInsideBS.com
• Listen on Spotify: Inside BS Show on Spotify
• Listen on Apple Podcasts: Inside BS Show on Apple Podcasts
• Call Us: (305) 692-5531

Call to Action:

Spend one-third of your time preparing your successor. It’s the single most valuable investment you can make in your business. Subscribe to the show, leave a review, and forward this episode to another family business owner today.

“If you've done succession planning right, your business could be worth 50 percent more than if you haven't.”

What You’ll Discover Today:

How to build a succession plan that actually works—starting with you, the CEO—and why doing it right makes your business far more valuable.

Key Topics Discussed:

• Why every position is critical for succession planning
• How to build a continuity plan for the CEO role
• The importance of separating the CEO and President roles in your business
• Why succession planning should be baked into your company culture and performance reviews
• How to prepare for a family transition vs. preparing a business for sale
• The financial impact of effective succession planning on business valuation
• What private equity buyers look for in a leadership continuity plan

Links and Resources:

• Subscribe Via Email: GetInsideBS.com
• Listen on Spotify: Inside BS Show on Spotify
• Listen on Apple Podcasts: Inside BS Show on Apple Podcasts
• Call Us: (305) 692-5531

Call to Action:

If you're serious about increasing your business value and making a future transition seamless, start by creating a succession plan today. If you're not sure how, we can help. Schedule a call at (305) 692-5531 or visit GetInsideBS.com for more resources.