For many small business owners, the majority of their focus remains on one thing--growing their business. Although this is an important aspect of any business, there are many other characteristics that blend together to make the enterprise a success. Whether your business is big or small, one featur…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
As businesses grow, their financials become more complex. As financials become more complex, it becomes more difficult to measure and manage cash flow, inventory, production costs, payroll, and other critical financial information and tasks. This is why many companies grow themselves right out of bu…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
The Secret To Understanding Cash Flow When operating a small business, positive cash flow is essential to survival. Many business owners underestimate just how vital managing cash flow is to their business's success. Your cash flow provides you with a better understanding of your business’s liquid…Read More
Many people use Chief Financial Officer (“CFO”) and Controller interchangeably because they think it is the same position. It is quite possible that you've seen other businesses with CFOs and controllers who have the exact same responsibilities, but this can make things confusing. So, what is th…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
