Resources
Guide to Fractional CFO Services
CFO’s Small Business Financial Report Guide
Articles
The Amazon Pricing Equation
Selling on Amazon hold great potential for manufacturers. However, the unit level economics must be considered.
A Primer on the Employee Retention Credit
The Employee Retention Credit is a huge opportunity for small business owners. The problem is no one knows about it.
Payment Protection Plan Round 2
Congress released text for the second stimulus bill today. Hopefully, the bill will be voted on (and passed) in the next day or two. The bill is full of several items that impact small businesses. I won’t cover all of them in detail here. I will cover those that you should be aware of and
The Current State of Food Manufacturing and Three To-Dos for 2021
Food manufacturers have had a challenging 2020. With pandemic shopping being all of the rage, one would think the food business is booming. However, there have been two trends that have worked together to tamp down many food manufacturers – I work as an outsourced CFO for multiple clients in the food manufacturing and retail
Projecting the Next Small Business Stimulus
The election has provided some clarity about what the future administration will look like. Unfortunately, we still have very few details regarding if/what/when the next stimulus package will be. Many people are calling for additional stimulus. With Small Business confidence at an all-time low, it would be hard for Congress not to pass some additional
Inventory Accounting = Higher Profits
In January 2020, Mark Belle knew he was going to have a challenging conversation with his boss. Mark was the general manager at one of the three locations of a food service provider that I had just begun to provide virtual CFO services. The company sold several retail products but also produced fresh, ready to
Good vs. Evil Accounting Departments – 10 Traits to Look For
With Halloween upon us, let’s talk about the differences between a good and bad (or dare I say evil) accounting department. Small business accounting can be a struggle for many business owners. If it weren’t, you wouldn’t find over 4 million results for “What do bookkeepers do?” on Google. Finding the right fit for your
COVID + Budgeting – A Cost-Cutting Primer for 2021
Many business owners face the same dilemma this upcoming budgeting season: how to make ends meet. Despite pockets of success stories, most data points to businesses struggling in general. Several surveys have shown just how deep the impact has been. Alignable found that by April 4th, 43% of businesses had temporarily closed and 39% had
Small Businesses Lessons from Public Companies
While sitting with a client recently, we needed to solve a problem – they needed aluminum cans. Production was being constrained by the lack of aluminum cans available for this beverage manufacturer. Their supplier said the constraint resulted from more prominent players, such as Coca Cola and PepsiCo, gobbling up the supply. We wanted to
4 Metrics Any Business Owner Should Review Monthly
Part of the problem with financial statements is they do not tell the whole story, metrics wise. Each financial statement tells part of a story. One must put all of the statements together to get a better idea of what the full picture is. However, even then, it is easy to misconstrue what the data
Financial Reporting Falls Short of Todays Entrepreneur’s Needs
From day one, a business owner has been told they need to care about the financial statements. If an owner attended business school, most classes reinforced the idea that financial statements were the holy grail of information. If you listen to any business media coverage, they constantly talk about revenue, earnings, and EBITDA. As an
3 Best Practices on Price Changes
In my opinion, business owners worry too much about the impact of price changes on their customers. I have a client who has not raised prices in 4 years. Every year we have the same discussion and I get the same answer; “My customers will revolt if I increase my prices.” Most clients I work