Built by Margin with Laurie Chen

Laurie Chen, CPA, MBA

Built by Margin is the podcast at the intersection of risk, numbers, and decision-making for founders, CEOs, and high performers. Hosted by CPA, fractional CFO, and author of the upcoming book Risk Worthy, Laurie Chen, CPA, MBA, the show explores how better decisions create better businesses, stronger leadership, and more meaningful long-term outcomes. From financial strategy and entrepreneurship to intelligent risk-taking and growth, each episode helps you think sharper and build with intention.

  1. 14 hr ago

    Episode 60: The Risk Worthy Framework with Laurie Chen, CPA, MBA - How to Make Your Next Decision

    60 episodes. Countless conversations about risk, numbers, and decisions. Now, it's time to introduce the framework that brings it all together.  For this milestone 60th episode of Built by Margin, host Laurie Chen, CPA, MBA, is sharing an exclusive excerpt from her upcoming book, Risk Worthy, scheduled for publication in March 2027. What if the biggest return on a decision isn't financial? What if a decision can be worth making even when the outcome isn't what you expected? Traditional decision-making frameworks focus on asymmetry, whether the potential upside outweighs the downside. But Laurie challenges this conventional approach by introducing a more expansive way to evaluate risk: one that considers who you become, the future you're creating, and the intangible returns you gain along the way. In this special episode, Laurie introduces the five pillars of the Risk Worthy Framework, built around five questions we should all be asking ourselves when facing important decisions. Whether you're considering a career change, launching a business, pursuing a new opportunity, or making a major life decision, this framework challenges you to look beyond the immediate outcome and consider the long-term value of your choices. The central idea: The most valuable decisions aren't always the ones that produce the greatest financial returns. They're the ones that move you closer to your best self and your best possible future. The goal isn't to eliminate risk. It's to understand what makes the risk worth taking. 🎙️ Subscribe to Built by Margin: Exploring the intersection of risk, numbers, and decisions. 📘 Become a Pre-Order Supporter of Risk Worthy: Coming March 2027 on paperback, hardcover, and e-book. Laurie Chen Instagram: https://www.instagram.com/lauriechencpamba/ LinkedIn: https://www.linkedin.com/in/lauriechen/ Risk Worthy: https://www.riskworthy.co/

  2. 20 Oct

    How One Sales Decision Took Win Rates from 20% to 65% with Erik Haas

    What if the secret to closing more deals isn't speeding up your sales process but slowing it down? In Episode 59 of Built by Margin, Laurie Chen sits down with Erik Haas, Founder and Principal Consultant of Fieldline Consulting, to explore why so many founder-led businesses struggle to scale sales and what it takes to build a repeatable, profitable growth engine. Erik shares how he helped an IT services company break through a $10 million revenue plateau and grow to $25 million by transforming its approach to sales, customer relationships, and value creation. One of his most impactful decisions was surprisingly counterintuitive: adding an extra step to the sales process. By introducing a collaborative solution review before the final proposal, his team increased proposal win rates from 20% to 65% while making price less of a deciding factor. Laurie and Erik also discuss the financial side of scaling, including customer acquisition cost (CAC), net revenue retention, client profitability, and why revenue growth doesn't necessarily translate into better margins. In this episode, you'll learn: Why founder dependency becomes a major barrier to scaling salesHow one additional sales step increased proposal win rates from 20% to 65%Why identifying your most profitable customers matters more than simply generating more leadsHow to connect sales performance with financial KPIs and sustainable marginsWhy customers often choose the least risky option rather than the cheapestHow founders can build a business around a clear vision instead of chasing revenue targetsErik leaves us with a powerful reminder: revenue is a measurement of growth, but it isn't necessarily the goal. The real objective is building a business that creates meaningful value, delivers sustainable profitability, and can grow beyond its founder. Laurie Chen Instagram: https://www.instagram.com/lauriechencpamba/ LinkedIn: https://www.linkedin.com/in/lauriechen/ Risk Worthy: https://www.riskworthy.co/   Erik Haas LinkedIn: https://www.linkedin.com/in/erikhaas/ Fieldline Consulting: https://fieldlineconsulting.com/

  3. 1 Oct

    The Discipline Behind Smart Risk: Liquidity, Leadership & Lessons from UNC Basketball with Dewey Burke

    What happens when you’re wealthy on paper but the opportunity in front of you requires cash right now?  In Episode 58 of Built by Margin, Laurie sits down with Dewey Burke, founder and CEO of Luxury Asset Capital, to explore the intersection of liquidity, risk, entrepreneurship, and disciplined decision-making. Dewey explains how Luxury Asset Capital built a billion-dollar lending business by helping entrepreneurs and high-net-worth individuals access capital against assets such as luxury cars, fine art, watches, jewelry, and collectibles. He shares why speed can dramatically change the value of a financing decision, including the story of a borrower who needed $600,000 in just 48 hours to close a real estate transaction. The conversation also goes behind the numbers of scaling a financial services company: from raising institutional capital and acquiring competitors to evaluating loan portfolios, EBITDA, acquisition multiples, geography, and perhaps the hardest part of M&A: integrating people and culture. Dewey also shares one of the biggest lessons he has learned as a founder: being entrepreneurial doesn’t mean saying yes to everything. As Luxury Asset Capital matured, he discovered that institutional investors often value clearly defined boundaries, repeatability, and discipline more than a willingness to pursue every possible opportunity. Laurie and Dewey also discuss where AI belongs and where human judgment still matters. They explore the risks of relying too heavily on AI for legal, financial, and regulatory decisions, why accountability still ultimately sits with people, and how technology can support decision-making without replacing experienced professionals. Finally, the conversation turns to basketball. A former walk-on at the University of North Carolina - Chapel Hill, Dewey shares the leadership lessons he learned from Hall of Fame coach Roy Williams, including the philosophy of treating people fairly, but not necessarily equally. He also tells an unforgettable story about hearing Michael Jordan speak privately to UNC players about how Carolina helped shape his belief that he could become one of the greatest players ever. This episode is about more than capital. It’s about knowing when to move quickly, when to stay disciplined, how to lead different people differently, and why the best decisions still require human judgment. Laurie Chen Instagram: https://www.instagram.com/lauriechencpamba/ LinkedIn: https://www.linkedin.com/in/lauriechen/ Risk Worthy: https://www.riskworthy.co/   Dewey Burke LinkedIn: https://www.linkedin.com/in/deweyburke/ Luxury Asset Capital: Luxury Asset Capital

  4. 26 Sept

    No Margin, No Mission: Scaling Crisis Care with Justin Chase

    What does it take to lead an organization where the decisions you make can directly affect people on the worst day of their lives?  In episode 57 of Built by Margin, Laurie sits down with Justin Chase, CEO of Solari, to talk about leadership, risk, financial sustainability, and scaling crisis-response systems without losing sight of the people they exist to serve. Justin began his career as a social worker and has spent more than 20 years in behavioral health, including 12 years leading Solari. Today, the organization has nearly 800 employees and manages approximately 40,000 crisis calls each month. Justin explains why managing risk in crisis care isn’t about eliminating risk altogether, but about identifying the factors that matter most and balancing speed, safety, outcomes, and stewardship. He shares how Solari uses transparent operational dashboards to track metrics like response times, abandonment rates, call outcomes, and whether a caller’s immediate need was actually resolved. He also discusses one of the biggest challenges of scaling across multiple states: technology may scale quickly, but trust and relationships do not. The conversation also dives into the financial realities of running a large nonprofit organization. Justin explains how government reimbursement structures can create 120- to 180-day delays in cash flow and why nonprofit leaders still have to think seriously about margins, reserves, and long-term sustainability. His guiding principle is simple: “No margin, no mission.” Without financial health, an organization cannot continue delivering on its purpose for the long term. Laurie and Justin also explore how Solari is investing in AI and technology ahead of demand. Rather than replacing human interaction, Justin sees AI as a way to reduce administrative work, improve efficiency, and give crisis counselors more time to spend directly with people. He shares how Solari is using technology to streamline post-call documentation, improve scheduling and analytics, and ultimately make human-to-human interactions more valuable. Justin also opens up about board governance, organizational culture, and the philosophy behind his book, Heart-Led Leadership. He explains why strong leadership requires both compassion and accountability, and why listening to employee feedback, maintaining transparency, and setting clear expectations become even more important as an organization grows. Finally, Justin explains what many people misunderstand about 988. Unlike 911, which frequently results in dispatching emergency responders, more than 80% of 988 calls can be resolved directly over the phone by trained crisis counselors. He argues that crisis care should be viewed as essential infrastructure, not only because it helps people in moments of need, but because effective early intervention can also reduce downstream costs associated with emergency rooms, hospitalization, and the criminal justice system. This episode is a conversation about what happens when mission, margin, technology, and human-centered leadership all have to work together, and how leaders can build organizations that are both financially sustainable and capable of making a meaningful impact. Laurie Chen Instagram: https://www.instagram.com/lauriechencpamba/ LinkedIn: https://www.linkedin.com/in/lauriechen/ Risk Worthy: https://www.riskworthy.co/   Justin Chase LinkedIn: https://www.linkedin.com/in/jnchase/ Order Heart-Led Leadership on Amazon: Heart-Led Leadership

  5. 10 Sept

    Build It Scared: Finding Purpose and Serving Small Businesses with Antonia Blanco

    In Episode 56 of Built by Margin, Laurie sits down with Antonia Blanco, founder of Trusty Transactions, to explore what it means to build a business through fear and discover a renewed sense of purpose along the way. What would you build if you stopped worrying about what other people might think? As her children grew older and she entered a new season of life, Antonia found herself searching for an identity beyond the roles of wife and mother. Starting Trusty Transactions gave her a new mission: helping small-business owners access the tax knowledge, financial guidance, and professional resources that are often reserved for larger companies. Antonia shares how her father’s 40 years as a business owner shaped her entrepreneurial foundation and inspired her to serve the mom-and-pop businesses she considers the backbone of America. Her work is especially focused on first-generation and immigrant entrepreneurs in Southern California who may be building businesses without a clear understanding of entity selection, bookkeeping, tax compliance, or the importance of separating business and personal finances. Laurie and Antonia discuss the difference between tax preparation and proactive tax strategy, the importance of setting clear client boundaries, and why forming an S corporation is not automatically the right decision for every business. They also explore tax resolution, ITIN-related challenges, California’s layered tax requirements, and the growing role of AI in the accounting profession. On the business-building side, Antonia opens up about finding the right clients, learning marketing and sales through trial and error, and tripling her book of business through trust, retention, and referrals. She also shares her long-term ambition to pursue a law degree so she can bring even more sophisticated resources to the small-business community. At the center of Antonia’s story is a risk nearly every entrepreneur understands: the risk of being seen. Starting the business, creating content, appearing on podcasts, and putting her ideas into the world all required her to move beyond the fear of failure and judgment. This conversation is a reminder that courage doesn’t always mean feeling ready. Sometimes it means taking the first step, putting yourself out there, and choosing to build it scared. Laurie Chen Instagram: https://www.instagram.com/lauriechencpamba/ LinkedIn: https://www.linkedin.com/in/lauriechen/ Risk Worthy: https://www.riskworthy.co/   Antonia Blanco Instagram: https://www.instagram.com/antonia_trusty_transactions/ LinkedIn: https://www.linkedin.com/in/toni-blanco-672616173/

  6. 1 Sept

    Don’t Just Build the Product - Build the Business with Stephanie Musinsky

    In Episode 55 of Built by Margin, Laurie Chen sits down with Stephanie Musinsky, founder and principal of VIA Product Development, to talk about what it really takes to turn technical ideas into viable products and build a company around them. Stephanie shares her path from biomedical and electrical engineering into entrepreneurship, including how early exposure to startups and her experience as a HealthTech Fellow at Harvard Medical School shaped the way she evaluates products, markets, and risk. Rather than focusing only on whether something can be built, she explains why founders also need to understand the customer, regulatory environment, business model, and path to market. The conversation also explores how Stephanie thinks about risk as a founder. Her approach combines data, confidence in the team, and what she calls knowing “what is figureoutable” recognizing when you may not have every answer yet but have the capability to solve the problems ahead. Laurie and Stephanie dig into the operational side of entrepreneurship as well, including project estimation, prioritization, outsourcing, and determining the true value of a founder’s time. Stephanie explains why one of the hardest parts of owning a business is constantly deciding which task actually deserves your attention. They also discuss how AI is changing both technical and business workflows. Stephanie shares how she uses AI for firmware development, proposals, dashboards, administrative automations, and repetitive processes, while Laurie emphasizes the importance of human expertise and fact-checking when using AI-generated financial or operational work. Finally, Stephanie shares her long-term vision for VIA, including potentially incubating products and helping promising founders build early prototypes in exchange for equity, as well as the story behind Running Booth, her side venture that uses group runs to create more meaningful networking experiences at conferences. This episode is a conversation about building beyond the prototype: making better bets, allocating your time intelligently, using technology without outsourcing judgment, and creating a business around the work you genuinely want to keep doing. Laurie Chen Instagram: https://www.instagram.com/lauriechencpamba/ LinkedIn: https://www.linkedin.com/in/lauriechen/ Risk Worthy: https://www.riskworthy.co/   Stephanie Musinsky LinkedIn: https://www.linkedin.com/in/stephanie-musinsky/

  7. 17 Aug

    Transformation Is Not Outperformance: Building Competitive Advantage in the Age of AI with Roberto Espinosa⁠

    What if the transformation you’re investing in changes your business, but doesn’t actually make you better than your competition? Transformation is everywhere, but transformation alone doesn’t guarantee outperformance.  In Episode 54 of Built by Margin, Laurie Chen sits down with Roberto Espinosa, founder and principal of Enetgize, to explore how leaders can make better decisions before committing significant time, money, and resources to technology and business transformation. Drawing on nearly three decades of experience across entrepreneurship, enterprise technology, startups, and consulting, Roberto explains his “Transform ≠ Outperform” framework: the idea that changing or modernizing a business only creates meaningful competitive advantage when the result is difficult for competitors to quickly replicate. Laurie and Roberto also dig into the rapidly growing role of AI. They discuss how AI can dramatically increase productivity and help leaders multiply their capabilities, but also create new dependencies, unreliable outputs, and systems that become difficult to untangle. Roberto argues that successful AI adoption requires guardrails, verification, and one especially important principle: whatever you implement should be reversible. The conversation also explores one of the most overlooked risks of transformation: the cost of undoing a decision when things don’t go as planned. Leaders often calculate the potential upside of a new system or initiative without asking what it would cost to reverse course 18 months later. This episode is a conversation about technology, AI, risk, and decision quality, and why the smartest transformation isn’t necessarily the newest or most ambitious one. It’s the one that creates lasting advantage while preserving your ability to change course. Quotes " Make sure that whenever you implement the technology, whatever it does is reversible." – Roberto Espinosa“The AI is only as good as the data that you feed it." - Laurie Chen Laurie Chen Instagram: https://www.instagram.com/lauriechencpamba/ LinkedIn: https://www.linkedin.com/in/lauriechen/ Risk Worthy: https://www.riskworthy.co/   Roberto Espinosa LinkedIn: https://www.linkedin.com/in/robertoespinosajr/ Enetgize: https://www.enetgize.com Transform ≠ Outperform: https://www.transformoutperform.com/

  8. 12 Aug

    Pricing is a Decision Problem, not just a Numbers Problem with Etinosa Agbonlahor

    In Episode 53 of Built by Margin, Laurie Chen sits down with Etinosa Agbonlahor, founder and CEO of Decision Alpha and a behavioral economist who has spent more than a decade studying how people make financial decisions. The conversation explores one of the most emotionally charged decisions every business owner has to make: what should I charge? Etinosa explains why pricing often becomes tangled with identity, confidence, fear of rejection, and self-worth—and why the better question isn’t “What am I worth?” but rather, “What value does my service create for the customer?” They also unpack Decision Alpha’s approach to pricing, including the “pricing house” framework: understanding your cost floor, identifying the customer’s willingness to pay, studying competitors and alternatives, and determining the price ceiling. Etinosa explains why founders shouldn’t simply copy competitor pricing and why customer research can reveal entirely different markets, positioning, and willingness to pay than expected. The conversation goes deeper into how to raise prices without unnecessarily damaging customer relationships, why price increases should be framed around the value already delivered and the value still to come, and why businesses should treat pricing as an evolving feature—not a decision they make once and forget about. Laurie and Etinosa also discuss difficult pricing conversations such as back-billing customers after an error, payment plans, sales-tax mistakes, and when preserving a valuable client relationship may matter more than recovering every dollar. Finally, Etinosa shares how Decision Alpha is using AI to make sophisticated pricing thinking more accessible to smaller businesses through Fred, its AI pricing guide, as well as how her team uses AI to stress-test ideas, support research, manage pipeline visibility, and accelerate content and product development while remaining cautious around sensitive financial data. If you’ve ever wondered whether you’re charging too much, too little, or simply presenting your price the wrong way, this episode offers a practical behavioral-economics lens for building a pricing strategy that reflects the value you actually create. Quotes " As business owners, all our fears, our anxieties, our doubts, our worries show up in the pricing." – Etinosa Agbonlahor“My price is my price, and I think it’s fair given the scope of work." - Laurie Chen Laurie Chen Instagram: https://www.instagram.com/lauriechencpamba/ LinkedIn: https://www.linkedin.com/in/lauriechen/ Risk Worthy: https://www.riskworthy.co/   Etinosa Agbonlahor LinkedIn: https://www.linkedin.com/in/etinosasere/ Website: https://etinosaa.com/ Decision Alpha: decisionalpha.co 📘 Behavioral Pricing Playbook: https://playbook.decisionalpha.co 🤖 Meet Fred – AI Pricing Advisor: https://fred.decisionalpha.co

About

Built by Margin is the podcast at the intersection of risk, numbers, and decision-making for founders, CEOs, and high performers. Hosted by CPA, fractional CFO, and author of the upcoming book Risk Worthy, Laurie Chen, CPA, MBA, the show explores how better decisions create better businesses, stronger leadership, and more meaningful long-term outcomes. From financial strategy and entrepreneurship to intelligent risk-taking and growth, each episode helps you think sharper and build with intention.