Now more than ever, startups and corporates are looking for ways to run lean. There is pressure to make cuts to staff and outsource when possible, and this has led to a trend of hiring virtual CFO services over the more traditional in-house full-time CFO. The role of a Virtual CFO is to be a forward…Read More
It’s a growing pain that many small businesses have. Company founders and CEOs are rarely equipped to handle financing strategies, budgets and dealing with investors. But bringing on a chief financial officer is not cheap. If your company’s revenue is growing quickly, you have new investors and/…Read More
Virtual CFO services give you access to a chief financial officer (CFO) who can help your business grow by implementing ways to raise capital, set key performance indicators (KPIs) and review and analyze financials to identify risks and big-hit opportunities. Companies with under $10 million in reve…Read More
Part-time CFOs are helping take small businesses to the next level. If you run a startup or a small- to mid-size company, you probably can’t justify hiring a full-time chief financial officer. But, you do need some level of financial help from an expert, someone who can cast a trained eye on your …Read More
When your business is in its infancy, hiring a CFO may seem unnecessary and expensive, However, at some point, it will be necessary to bring a CFO on board, either full time or on a part-time consulting basis. Why? Part-time CFOs have the kind of expertise that reaches beyond what your bookkeeper an…Read More
A part-time CFO is not just an accounting professional that will organize your finances. A part-time CFO can help build your business’s financial structure which will allow your business to grow and move from a start-up to a more established company. A part-time CFO is broadly accountable for the …Read More
As a business owner, you are faced with many choices. If you’re in start-up mode, you are managing just about everything in your business, from bookkeeping to sales, from rainmaking to employee management and probably even a little HR thrown in just to keep things interesting. As your business g…Read More
Working capital is defined as current assets minus current liabilities. For example, if a company has current assets of $90,000 and its current liabilities are $80,000, the company has working capital of $10,000. Regardless of a company’s size or industry sector, working capital is an important me…Read More
You may be wondering whose job it is to make sense of all the financial data in your small business. It usually isn’t a bookkeeper or accountants job who is mostly responsible for ensuring bookkeeping is accurate and financial records are completed on time. The role of a part-time or contract CFO,…Read More
As businesses expand and become more dynamic, the need for a senior-level financial expert such as a part-time CFO becomes critical. Companies are faced with more complex financial decisions and can benefit from a part-time CFO’s expertise to help them navigate the path to achieving their strategi…Read More
