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Tenacity with Sonia C.

Tenacity with Sonia C.

Why Most Founders Fail Financially, and How to Fix It with Rachel Phillips

Dec 11, 2025 · 25m

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On this episode

About this episode

Most founders don’t fail because of a lack of passion. They fail because they don’t understand their numbers. In this episode, I sit down with Rachel Phillips, Co-Founder and COO of Fully Accountable, to break down the financial blind spots that quietly sink startups, and the simple systems that can save them. Rachel went from practicing law to building one of the fastest-growing outsourced accounting firms in the digital and e-commerce space. But her journey wasn’t smooth. At one point, she was running payroll with $2 in the bank account, choosing to bet on herself rather than take on the wrong clients. This conversation is packed with the kind of clarity every founder needs, especially if…