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…
What Is An Operational Needs Assessment? Of course, you want your business to run efficiently, but when you are actively working to manage your business, it can be hard to get a clear picture of where the bottlenecks are in this process. Or, to take it a step further, if you know where the problem…
Running a business is hard enough, there are so many things to think about and keep track of. But one thing that is often overlooked is bookkeeping. Bookkeeping may not be the most exciting task, but it is essential for the success of your business. Here are reasons why bookkeeping solutions are so important in…
Owning and operating a business can be stressful and it can take a great deal out of you. That being said, a great team can make a significant difference and can help take some of the stress off of you. A CFO is a great option that can really help to make sure your business…
A Chief Financial Officer (CFO) is the person that is responsible for managing and monitoring the financial performance of a company. The duties can vary for different companies. They are responsible for understanding the business and its financial strategy. This information can help you determine if a part-time CFO is beneficial for your business. Benefits…
Do you struggle with accounting as an entrepreneur or business owner? Are you stumped as to where to begin? Maybe you are looking for new ways to improve your business. If you answered yes, you should work with a firm specializing in this field. Consider the following: In the United States, women own 9.4 million…
Hiring a fractional CFO is an important decision. It’s not just about saving money but hiring the right person to be an integral part of your business. Hiring the wrong person could mean disaster for your company and could lead to financial ruin. So before you take any steps in that direction, here are five…
Small businesses are an important part of the U.S. economy. Every year, they employ about 1.5 million people. Many small businesses are started by one person and grow over time. At some point, a small business owner will need to employ a full-time CFO to ensure the financial stability of their growing company. But what…
Just what is an outsourced CFO? And how can they benefit you? Here is what you need to know about this topic and the unique and fascinating ways that this particular type of position can improve your business operation in so many ways. What Is an Outsourced CFO? A CFO (Chief Financial Officer) guides your…
There are approximately 30.7 million small businesses running operations in the United States and most of these can benefit from CFO consulting services. However, there are many CFO myths that can stop a business from doing so. It is time these myths are debunked, so your decision to partner with a CFO from Nexagy will…
Only 50% of new companies survive for more than five years. Businesses deal with risk every day as there are a lot of changes that are taking place rapidly. Apart from that, the regulatory environment is expanding as well. All this has an impact on a company’s strategy and presents risks that should be taken…
There are approximately 30.7 million small businesses operating in the United States. Many of these businesses repeatedly make the same financial mistakes. In fact, financial problems are often one of the key reasons why small businesses fail within their first few years of business. The good news is by identifying these common financial issues, you…
It’s no secret that it’s important to start your business off on the right foot. In fact, only 50% of new businesses survive their first five years of operation. Consulting CFO services is one of the best ways to get help for your business. Here are a few key ways a CFO can help support…
Here is a fact that might surprise many new business owners: only half of all new businesses will survive their first five years of operation. This is likely because they do not take the proper steps to ensure that they operate smoothly. Thankfully, outsourced CFO services can give you a better understanding here, particularly when…
For any business to be successful, having an effective leadership team is very important. One of the most important positions of any leadership team is the Chief Financial Officer, or CFO. The CFO typically is responsible for all financial management aspects of a business. If you are looking to build a business, outsourcing the CFO…
Poor cash flow problems continue to be the major reason why 82% of small businesses fail. While that is a huge percentage, there is a one way solution to help you gain a competitive advantage over others. Whatever organization or industry you are in, the Chief Financial Officer (CFO) plays a vital role in the…