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Guide to Fractional CFO Services

CFO’s Small Business Financial Report Guide

Articles

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

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Overcoming debt challenges for small businesses

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

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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

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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

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Small Business Accounting in 2024: Outsourcing and Tech Strategies to Beat the Shortage

In the rapidly evolving landscape of small business entrepreneurship, a concerning trend around the accounting profession has emerged. The lack of accounting talent available signals potential challenges ahead for small business owners. A recent report from the American Institute of CPAs reveals a sharp decline in students earning U.S. post-secondary accounting degrees. In the 2021-22

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AI In Accounting and Finance

In the dynamic world of small business, the emergence of AI within accounting and finance could revolutionize how owners manage and strategize financial operations. As a small business CFO, navigating this new terrain of AI-driven financial management can be both exhilarating and challenging.  However, while the potential is intriguing and exciting, AI solutions currently fall

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Keys To Succesful Franchise Coaching

When it comes to franchise support, there are two areas where I see franchisors fail to meet their franchisee’s needs.  These observations come from working with franchise systems of all sizes.  I work with clients starting up with a couple of units to those with as many as 200 units. I was a franchisor in

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Growth, successful team, recruitment

Selling Franchisees Isn’t the Golden Ticket but Coaching Is

Most franchisors come to learn that they don’t make money from selling franchises.  After selling and training costs are deducted from the initial franchise fee, there is often little left over. What franchisors learn is the path to lasting wealth in franchising is paved with the steady flow of recurring royalties. There are so few

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Setting Standards: Business Models vs. Budgets vs. Forecasting

As an outsourced CFO serving 12-15 different businesses, I’ve delved deep into the realm of budgeting and forecasting. Over time, I’ve come to believe that traditional budgeting has taken a backseat, with rolling 12-month forecasts becoming the preferred financial tool for businesses. This tool not only provides future insights but also sets a standard for

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