The discussion centers on “phantom profits” a situation where businesses look successful on paper but struggle financially in reality. Harsh, a CPA and former IRS auditor, explains how revenue recognition, delayed payments, and poor financial visibility can create misleading results that put companies at risk.

Chapters

• (00:00:00) - Founded Forum: A Founders Reality Check
• (00:01:05) - What are phantom profits in small business?
• (00:02:19) - In the Elevator With Business Guru and Brother
• (00:03:19) - Do You Need a CPA to Build a Business?
• (00:04:28) - Return on Investment for Founders
• (00:07:01) - What's the Need for a Weekly Dashboard?
• (00:08:27) - Do Tax Pros Work With Medical Professionals?
• (00:10:26) - Operations & Execution: Lean Startup Money
• (00:11:51) - Coming soon: Growing Media, Your Business
• (00:12:33) - Cash Flow Forecasting and Premises Proofing
• (00:14:45) - How Are You Using AI in Your Business?
• (00:15:43) - Is Your Business Ready for AI?
• (00:17:20) - Is AI Good for the IRS?
• (00:20:12) - Can You Tell When Your Business Is In Trouble?
• (00:22:37) - In the Elevator With The Profit Gurus
• (00:23:54) - What Types of Tax Compliance Should Startners Avoid?
• (00:26:49) - Do Tax Preparations and Tax Strategy Necessary?
• (00:29:33) - How To Manage the Emotional aspects of Your Business
• (00:33:32) - 7 Principles Business Owners Need to Discuss
• (00:36:05) - How to Grow Your Business
• (00:36:43) - Top Executives: Integrating AI into our Business
• (00:39:18) - Dental Companies Lead the AI Revolution
• (00:42:02) - CPA Network: The Need for More Cybersecurity Experts
• (00:43:36) - Small Business Adoption of AI
• (00:47:24) - 90 Day Business Plan
• (00:49:13) - Fooled by Profit Gurus