249 - The $600,000 Accounting Error That Almost Destroyed My Business with Cory Parks

Written By Guest User

Imagine finding a $600K error in your books! Cory Parks shares his journey from near disaster to business revival. You don’t want to miss this!


Time Stamps

  • 00:45 - Episode & Guest Intro

  • 03:25  - Cory's Business Journey

  • 07:28  - Financial Struggles and Solutions

  • 11:41  - Management Team and Roles

  • 16:44  - Cory's Profit Problem

  • 22:14  - Cory's Financial Literacy Journey

  • 30:31  - CRM and Bookkeeping Challenges

  • 31:56  - Automating QuickBooks Integration

  • 32:22  - Identifying and Solving Duplicate Entry Issues

  • 33:31  - Leadership and Financial Challenges

  • 34:58  - Implementing Salary Cuts & Transparency

  • 36:52  - Rebuilding Financial Stability

  • 37:49  - The Importance of Trust and Transparency

  • 39:02  - Navigating Financial Statements

  • 42:42  - Learning from Mistakes and Seeking Guidance

  • 53:18  - Transitioning from Cash to Accrual Accounting

Snippets from the Episode

  • “I have made every single mistake that Martin talks about in his book.  Every single one of 'em!” -Cory Parks

  • “We were doing well, but we kept  coming back to our books.” -Cory Parks

  • My income statement is telling me that we are absolutely killing it. We're making $600,000 profit, but  where is the money? - Corr Parks

Resources

  • 24 Things Construction Business Owners Need to Successfully Hire & Train an Executive Assistant

  • Schedule a 15-Minute Roadblock Call

  • Check out OpenPhone

  • Build a Business that Runs without you. Explore our GrowthKits 

  • Need Marketing Help? We Recommend Benali

  • Need Help with podcast production? We recommend Demandcast

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250 - Find the Critical Path to Project Management: Beat the Worry Curve with Clint Padgett
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248 - The Power of Reflection