Resources
Guide to Fractional CFO Services
CFO’s Small Business Financial Report Guide
Articles
Why Franchise Growth Hinges on Who You Recruit—and Three Strategies to Get It Right
Franchisors, here’s a big question to chew on: if your franchise isn’t scaling as you hoped, is the problem really with your product? Or could it be who you’re partnering with? While it’s tempting to think growth will happen if you have a winning concept, a great product is just one piece of the puzzle.
From Financial Chaos to Profitability – How a Robust Budget Transformed One Company’s Future
Budgeting is often seen as a mundane necessity—a mere spreadsheet that tracks expenses and income. But at Krieger Analytics, we know that budgeting is so much more than just a tracking tool. When approached strategically, a budget can act as a powerful roadmap for growth, enabling businesses to transform financial chaos into control and profitability.
Unlocking the Power of Data Analytics in Accounting: A Comprehensive Guide for 2024
In today’s fast-paced business world, understanding how to leverage data is no longer a luxury—it’s a necessity. The role of data analytics in accounting has evolved dramatically over the last decade, transitioning from basic financial reporting to driving strategic decision-making across entire organizations. With the right approach, businesses can harness accounting data to optimize revenue,
What Does a CFO Really Do?
Have you ever wondered what a CFO actually does? Maybe you’ve pictured someone sitting behind a mountain of spreadsheets, calculating mysterious numbers, and only surfacing for air when tax season rolls around. In reality, the life of an outsourced CFO is much more dynamic—and trust me, spreadsheets are only part of the story. From cash
How to Build a Finance Team with an Outsourced CFO That Drives Business Growth
The role of finance teams today goes far beyond just crunching numbers. In a small business, having the right financial expertise can make the difference between stagnation and growth. To truly drive success, your finance team must offer strategic insights and solutions that go beyond managing the books. This is where an outsourced CFO can
The Changing Landscape of Small Business Accounting: Why Outsourcing is the Future
In the early 2000s, Marvel Comics was facing a financial crisis. The company, now known for its blockbuster superhero movies, was struggling with massive debt and had even filed for bankruptcy in 1996. Despite having popular comic book characters, Marvel’s financial mismanagement and lack of strategic oversight had brought it to the brink of collapse.
Key Strategies for High Growth in Franchise Expansion
The traits for high growth within franchise systems is a topic that there has not been much consensus on over the past 40+ years. Study after study has tried to narrow down the traits of high growth systems only to find there are often not many correlating points. We recently looked at over 400 franchisors
Transforming Data into Decisions: The Power of Actionable Financial Statements
You can’t blame the small business owner for rolling their eyes when their accountant says they want to review their monthly financial statements. As a fractional CFO, I have more than once thought I heard an audible groan from a potential client when I suggest monthly meetings to review their reporting package. The truth is,
Why Net Promoter Score (NPS) Matters for Small Businesses: Insights from an Outsourced CFO
Several years ago, while running my own business, I developed a small obsession with the Net Promoter Score metric. This metric, developed by experts at Harvard Business School, provides profound insights into customer satisfaction and loyalty. If you don’t have time to read an entire article, here is a quick background. Net Promoter Score (NPS)
The Three Largest Negative Impacts on Cash Burn
Managing cash flow effectively is not just a good practice, it’s a necessity for the survival and growth of any business. According to a study by U.S. Bank, a staggering 82% of small businesses fail due to poor cash flow management. Another study from Intuit found that 60% of small businesses face cash flow issues
From the CFOs Desk: Articulating Value in Franchise Sales
It’s a common practice for franchisors to overlook their CFO’s potential in sales. However, it’s crucial to consider their unique expertise. After all, a franchise’s sales are about articulating value. And who better understands the intricacies of building financial and articulating value in a company than a CFO? Seeking their assistance could be a game-changer
Navigating Item 19: Strategies for Boosting Your Franchise Sales
There’s an old adage that the worst presentation is the one that’s never given. This seems to be a mantra many franchisors apply to the presenting financial data in their Item 19 disclosure in their Franchise Disclosure Document (FDD). Too often, franchisors rush to publish an Item 19, despite results that might not be as