What is a Fractional CFO and What are the Benefits
A CFO is a key advisor to a President, CEO, COO, and the Board of Directors. Often, the Chief Financial Officer is the voice of reason and can help translate exuberance into a realistic financial plan that maps out a successful course for a company. The CFOs are the leaders who measure success and perform […]
Why Your Small Business Needs a Disaster Recover Plan and How to Build One
Do you need a Disaster Recovery and a Business Continuity plan? The answers to the following questions will dictate what your response must be. Do you have clients? Do you have employees? Are you providing products and services that your customers value? If you answered yes to any of these questions, then you absolutely need […]
How to Finance a Small Business via Equity Investments
Funding a business is very much like gardening. Plant some money, and if the growing conditions are right and you tend your garden carefully, you will reap more money and yield more fruit. However, unlike gardening, locating the seeds (dollars) needed to begin your business is often the most difficult step in beginning your small […]
10 Strategies to Help Small Business Leaders Prepare for Year End
Year end is a busy time of year for finance & accounting staff. It is that time of the year where we draw a line in the sand and take a gauge on how a business performed over the last 12 months. Most businesses run their fiscal year in sync with the calendar year, and […]
6 Must-Have Traits of Your Next Bookkeeper
When hiring someone to take care of your financial portfolio, you must be very diligent with whom you choose. In this blog, we will discuss 6 must-have traits of your next bookkeeper. Experience: This is not a trait you can take lightly, and will require some thorough candidate evaluation and possibly budget stretching on your […]
How to Perform a Market Analysis and Define Your Target Market
“Strategy 101 is about choices—you can’t be all things to all people.” Michael Porter’s advice is key to understanding how your business identifies a target market and develops a solution to meet the identified need. One of the fundamental parts of any business plan is the market analysis. The business owner will quantify the “problem” […]
How Small Business Can Manage Credit Risk
Credit risk, or the risk of customer payment default, is very important for all businesses, but it can be a matter of success or failure for a small business enterprise. A small business must manage their credit risk well in order to ensure their business can function. Credit risk is a key issue that has […]