If your business is growing and your Chief Financial Officer could use a hand in managing day-to-day financials, you may be considering your options for outsourcing. Companies like Nexagy, Inc. are here to help in transitioning these daily duties to an outsourced financial controller. But what is a controller in finance? How does it work…
The idea of bookkeeping might sound easy enough to a new business owner: money in, money out. But there is more to it than just income and expenses. Working with a company offering bookkeeping services will help you in many ways with navigating the legalese and complex nature of keeping records for a business, organization,…
Running a business is a challenge in and of itself, but with a well-defined business strategy, growth and success are within reach for many companies. At Nexagy, Inc. we can help individuals, groups, and companies in getting a better understanding of the steps needed to grow and sustain their business with time. To do this,…
In the dynamic world of business, leadership plays a pivotal role in steering an organization towards success. The concept of business leadership is not confined to just managing a team or making critical decisions. It extends to inspiring others, fostering a positive work environment, and driving organizational growth. This blog post delves into the intricate…
In the ever-evolving business landscape, the role of a Chief Financial Officer (CFO) has become more critical than ever. The CFO is no longer just a number cruncher but an integral part of strategic planning and decision-making processes. But does every company need a full-time CFO? And what about small businesses or startups that may…
Business accounting is a critical aspect of any successful enterprise. It provides a clear picture of the financial health of a business, enabling entrepreneurs to make informed decisions. Understanding the key components of business accounting can help you manage your business more effectively and ensure its long-term success. This blog post will delve into the…
The role of a Chief Financial Officer (CFO) is crucial in any business. They are responsible for managing the company’s finances, including financial planning, risk management, record-keeping, and financial reporting. However, not all businesses can afford to hire a full-time CFO, especially small to medium-sized businesses (SMBs). This is where the concept of a fractional…
In today’s fast-paced business world, organizations need to be able to respond quickly and efficiently to changing conditions. This is where the concept of an urgent operational need comes into play. An urgent operational need is when an organization must take immediate action to prevent a potentially damaging outcome. While this situation can be beneficial…
As a business owner, you understand the importance of having a financial expert on your team. But what do you look for when hiring a fractional CFO? In this blog post, we’ll discuss the key qualities and skills to look for in a fractional CFO. What is a Fractional CFO? A fractional CFO is an…
If you’re a business owner, you probably understand operating needs. Operating needs are the necessary resources and services a business needs to maintain its operations. These include personnel, equipment, materials, and other supplies. Operating needs also encompass the processes and systems required for a business to function properly. In this blog post, we will explore…
Are you feeling overwhelmed by your finances? Do you want to take control of your money but aren’t sure where to start? If so, you aren’t alone. Many people struggle to get their finances in order; in today’s blog, we will walk you through three steps to get your finances in order, whether for your…
Managing a startup is a lot of work, and most startups run on thin margins with large workloads. Most small business owners want to avoid hiring additional staff to manage their finances. But what if it increased your odds of success? According to recent research, only 2 in 5 startups are profitable, and 1-3 will…