Resources
Almost every owner I have worked with has had the same week at least once. The month closed profitable. Yet the bank balance says something different. Payroll is Friday, a quarterly insurance renewal just cleared, and the two biggest invoices are still sitting in a customer’s approval queue. Nothing is wrong with the business. Everything […]
Read articleI have sat in a lot of leadership meetings where three people had three different numbers for the same week. Not because anyone was careless. Sales pulled from the CRM, operations pulled from the field, accounting pulled from the general ledger, and all three pulled at a different hour. The meeting turned into a debate […]
Read articleMost owners treat hiring a fractional CFO as a sizing question. Are we big enough yet? Do we check enough boxes? That’s the wrong frame, because the cost of waiting to hire a fractional CFO has nothing to do with size. It’s what quietly compounds in the meantime. The same engagement, the same person, the […]
Read articleEvery company has an account that everyone treats as untouchable. Run a real customer profitability analysis on it and you may not like what you find. It’s the biggest one. It’s been there the longest. A quarter of revenue rides on it, and everybody in the building knows you don’t lose it. When the schedule […]
Read articleUnderstanding Small Businesses Small businesses are the backbone of the US economy, employing nearly half of the American workforce and representing 43.5% of America’s GDP. According to the Small Business Administration, there are over 33 million small businesses in the United States, making up 99.9% of all US businesses. These businesses play a critical role […]
Read articleUnderstanding the Role of a CFO In the dynamic world of small businesses, the role of a Chief Financial Officer (CFO) is indispensable. A CFO is a high-ranking executive responsible for overseeing the financial activities of a company, ensuring its financial health and stability. They play a pivotal role in making strategic financial decisions and […]
Read articleWorking Capital Management Managing working capital effectively is critical to the success of any business. It ensures that a company has sufficient short-term assets to cover its short-term liabilities, allowing it to continue operations without interruption. Improving certain processes can lead to significant increases in free cash flow, which is essential for maintaining financial health […]
Read articleStarting a small business is exciting, but managing finances can be overwhelming. Your financial records or your books are everything for your small business accounting. Tracking business expenses is crucial for effective bookkeeping and tax preparation. Small business accountants play a vital role in managing finances and ensuring accuracy. Books and accounting for a small […]
Read articleFinancial Planning for Success in Your Business Creating and implementing an effective business growth plan is central to business success. You should have a business growth plan in place to ensure that your company stays on the right track and continues to make money, in addition to a marketing plan to map out how to […]
Read articleThe Ultimate Guide to Understanding and Crafting a Successful Business Model for Your Small Business In the ever-evolving business landscape, understanding a business model’s fundamentals is crucial for new and seasoned entrepreneurs. A business model is the blueprint for how a company operates, generates revenue, and delivers value to its customers, and the business model […]
Read articleCFO Outsourcing In today’s complex and fast-paced business environment, having a robust financial strategy is more critical than ever. Whether you’re a small business owner or leading a rapidly growing company, understanding the role of a Chief Financial Officer (CFO) can be a game-changer for your business. But what exactly does a CFO do, and […]
Read articleAs a small business owner, you know that every decision can significantly impact your company’s success. One of the most important decisions you can make is choosing the right financial leadership for your business. While a full-time Chief Financial Officer (CFO) can be a valuable asset, they may not always be the best choice for […]
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