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Guide to Fractional CFO Services
CFO’s Small Business Financial Report Guide
Articles
Virtual CFO Services: What Should You Expect
Virtual CFO services are more than a person behind a computer, crunching numbers and running reports. They are an extension of your business; an additional team member without the in-house costs. When you work with a virtual CFO you can expect the financial aspects of your business to be handled with care and detail, but
9 Ways to Overcome Business Financing Shortages
Small business owners face long odds – about 33% will fail in the first two years. Look out 5 years and around 50% will shut down. By far, the most prominent reason businesses fail is that they run out of money. In this article, we will discuss nine different strategies for small businesses to consider
The Cash Cushion Sweet Spot: The Right Amount of Cash Reserves for Your Small Business
Determining the Right Cash Reserves for Your Small Business: Insights from a CFO Running out of cash can spell disaster for a business. But hoarding too much can be a waste. So, how much is just right? In this article, I tackle the crucial question most frequently asked by current and prospective clients: How much
What to Expect from your Virtual CFO
Check Out The Video An Introduction Starting and keeping a small business afloat is no small task. In most cases, you may lack experience in the financial and strategic processes involved in running a business. This can have you thinking you need a large accounting department to run things smoothly, but that’s not the case.
How Easily Analyzing your Business Model Drives Strategy
Most business owners underestimate the importance of understanding the economics of their business model. In the same vein, most overestimate the number of factors that impact their model. When an entrepreneur understands their business model, they can truly start to implement impactful business strategy. This conversation can get more complicated for businesses with excess of
Four Forecasting Tips for Small Business Owners
Clients engage a fractional CFO for several reasons. The one I hear the most is wanting to get a better idea of what their future cash flow will be. Many times, I am talking to them after they have done an extensive Google search of how to exactly determine that. While forecasting is the answer,
What Netflix Can Teach Small Business Owners
In college, my two favorite classes were Business Cases and Financial Cases. We would get one week to dissect a large business and determine an optimal path forward for a situation they would find themselves in. I loved this because larger businesses offer a massive amount of data typically not available for small businesses. During
How To Identify and Address Supply Chain Issues in 2022
For the first time, “supply chain” has entered our collective vocabulary. Lots of people are discussing supply chain disruptions not just in boardrooms but also in their living rooms. While the global disruptions in supply chains are not pleasant or convenient, they may be a blessing in disguise, as they give us the vocabulary to
Determining Financial Feasibility For Your Small Business
So you want to set out on your small business adventure. Where do you start? Do you start by buying supplies or prototypes? Do you start by collecting a list of investors who can kick-start the project? No! Your first step should be to make sure your potential business model will be financially feasible. Only
10 Ways A Pricing Strategy Advisor Can Benefit Your Business Right Now
Pricing a product or service is perhaps one of the most critical decisions a business owner will ever make. However, very few business owners have the background to feel comfortable with these skills. When you started your business, you had a vision. This vision probably included the size of the company you wanted, the type
The Best Approach For Conducting Market Research
No matter your background, market research is key to any successful business venture. Today starting a business is easier then it has ever been. Nevertheless, those looking for long-term success must have a sound approach to information gathering. Maybe you are fresh out of business school, maybe you are a retiree who finally has the
Sales Process Pipeline KPIs: A Complete List of Sales Process KPIs
Whether you are the leader of a large sales team or a small business owner with a sales team of one, it can be a helpless feeling not working if the sales process is working properly. Properly setting up sales KPIs can help a business owner determine if there are issues in their sales process.