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…
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…