"Crafting a perfect sales funnel once means clients for a lifetime."
Welcome to ValiantCEO Magazine’s exclusive interview with David Bialecki, a financial expert and entrepreneur on a mission to empower small businesses. In this illuminating conversation, we delve into David’s remarkable journey from the world of finance to his role as a champion for the growth and success of small enterprises.
After earning his MBA from Widener University in 1998, David embarked on a career in the finance industry, honing his expertise in areas like hedge funds and mutual funds.
His journey within the industry provided a solid foundation in critical thinking, decision-making, and problem-solving skills. Over the years, he climbed the corporate ladder, eventually becoming a manager where he not only trained staff but also became a mentor, guiding others towards promotions and recognition for their achievements.
In 2021, David made a bold decision to channel his knowledge and experience into helping small businesses thrive. His brainchild, DavidBialecki.com, is a testament to his commitment to enabling smaller ventures to become bigger and more successful.
His specialty: helping business owners navigate the often daunting realm of bookkeeping and financial management, providing them with the precious gift of time and financial clarity.
Join us on this enlightening journey through the world of small business empowerment with David Bialecki.
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Table of Contents
We are thrilled to have you join us today, welcome to ValiantCEO Magazine’s exclusive interview! Let’s start off with a little introduction. Tell our readers a bit about yourself and your company.
David Bialecki: After earning an MBA from Widener in 1998, I went to work in the finance industry as an Investment Accountant. My main areas of expertise deal with hedge funds and mutual funds. I’ve calculated NAV’s and ROR’s, produced partner allocations & financial statements, and handled audits.
During my time in the investment industry, I’ve developed critical thinking, decision-making, and problem solving skills. As a result, I’ve earned promotions to supervisor and eventually manager, where I’ve trained staff on accounting and finance concepts, served as a mentor, and even helped several of my staff earn promotions or recognition for achievements.
In 2021, I decided to use my knowledge by creating DavidBialecki.com to help small businesses grow into bigger ones.
How do I do that? Well, most small business owners concentrate on the daily challenges of managing and building their business. It can be overwhelming differentiating products or services from the competition, turning prospects into paying customers, and nurturing the ones they already have. Not to mention planning for the future.
The last thing they want to do is look at numbers! And trying to figure out what they mean.
That’s where I come in. Studies have shown that outsourcing bookkeeping can save business owners $7,500 a year, as well 60 hours.
What if I gave you an extra 60 hours a year? What would you do with them? Find more customers? Recruit high quality talent? Build your networks to bring in new business? Focus on building your brand awareness? Raising more capital?
Let’s face it. Most business owners hate numbers. They only keep the books because you have to. But they do have to. How else would they know how their business is doing? Not to mention paying the tax guy!
By hiring me, a business can be assured their books will be prepared the right way. I can help show where cash flow is coming from, which revenue streams are the most profitable (and the ones that are not!), where they are spending their money, create a budget, and save taxes by having well- prepared books. Their tax accountant will love them!
What advice do you wish you had received when you started your business journey and what do you intend on improving in the next quarter?
David Bialecki: To focus on putting clients in control of their time. That is everyone’s biggest asset. It’s also a finite commodity. Once it’s come, it can never come back.
I don’t focus quarter by quarter. I subscribe the the concept of THE ONE THING. My number ONE THING is my mission statement: To build a business that helps others achieve their dream. I focus on bookkeeping and CFO services.
I then have a series of ONE THING’s geared towards the one MAJOR THING just described. It could be daily, weekly or quarterly. It’s just not on a set schedule. For instance, my ONE THING today is this interview.
Here is a two-fold question: What is the book that influenced you the most and how? Please share some life lessons you learned. Now what book have you gifted the most and why?
David Bialecki: I’ve just shared one in the previous question: THE ONE THING by Gary Keller. It puts my mindset on a) the big thing witch is my mission statement, and b) to set a series of one small thing at a time to reach that ONE BIG THING.
That book really has changed my mindset from multi tasking, which absolutely assures what ever you are doing won’t get the best result it doesn’t get 100% of your focus. I don’t know this for sure, but I’m pretty sure the Beattles were writing one song at a time.
The book I gifted the most is a Finance classic “The MIllionaire Next Door”. The reason is simple. It shows that becoming financially independent is not a pipe dream. It’s an achievable goal, if you do the right things.
Christopher Hitchens, an American journalist, is quoted as saying that “everyone has a book in them” Have you written a book? If so, please share with us details about it. If you haven’t, what book would you like to write and how would you like it to benefit the readers?
David Bialecki: I believe I do have a book in me. In fact I know I do because I have the content already written. It’s just not organized. I keep a spread sheet of one liners called Dave’s Fave’s.
It covers a variety of topics: money, business, personal finance, Investing, personal relationships, personal health. For example, one is “Become a mentor”.
I am currently in training to become a volunteer for a company called SCORE Volunteers, when I will offer advice to someone wanting to start a business, which usually starts with a business plan. The benefit to readers is to not only motivate to follow their dreams, but offer the “means to reach that end”!
In your experience, what tends to be the most underestimated part of running a company? Can you share an example?
David Bialecki: Since I work mostly with solopreneurs, the amount of hats you have to wear surprises most new business owners. For example, new business owners cannot yet outsource much since they aren’t generating much revenue in the beginning.
Take my expertise in bookkeeping. Judging by some of the cleanups I’ve seen, just about all of them have no ability in accounting. Which makes sense because they aren’t accountants. In fact, they hate numbers.
They want to build on their idea, not count beans. But the numbers are so important. They don’t call accounting the language of business for nothing. Another example is marketing. They don’t call that the lifeline of business for nothing.
I think most business underestimate the challenge of getting their products or services in front of potential customers. They think putting together a website and making a few posts on Facebook and Twitter is enough. It’s much more than that.
On a lighter note, if you had the ability to pick any business superpower, what would it be and how would you put it into practice?
David Bialecki: A business Superpower would definately would be to become an A+ Marketer. As I mentioned earlier, marketing is the lifeline of business. To be able to set up a perfect sales funnel just once, then never have to worry about getting good clients ever again would be a dream come true.
Jed Morley, VIP Contributor to ValiantCEO and the host of this interview would like to thank David Bialecki for taking the time to do this interview and share his knowledge and experience with our readers.
If you would like to get in touch with David Bialecki or his company, you can do it through his – Linkedin Page
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