Blog
How an Operational Assessment Can Benefit Your Business
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...
5 Essential Bookkeeping Basics for Entrepreneurs
With almost 582 million entrepreneurs worldwide, there is almost an infinite amount of ways to do bookkeeping. Thankfully we have broken down 5 bookkeeping basics for entrepreneurs, so that you can find the best way to manage your business's finances. Decide on a...
Why Is It Recommended to Outsource a Chief Financial Officer?
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...
6 Reasons Small Businesses Should Hire a Fractional 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...
Top 4 Developments That Will Transform Finance and Accounting
In recent years, there has been an emergence of digital technologies to solve complex accounting problems. The solutions seek to address various aspects such as production output, cost of doing business, and return on investment. They are also helping entrepreneurs...
Start Me Up: Best Accounting Books for Entrepreneurs
Worldwide, there are approximately 582 million entrepreneurs: people just like you who are using their wits, confidence, and enterprising spirits to start their own business. But becoming a business owner does not just require the will to do so. It requires the...
Will an Accounting for Small Business Owners Book Actually Help Me?
What accounting information do you need? How is this information going to be used? How will it add value to what you are doing? In life, a lot of drama can be avoided if you ask these questions first before scanning a balance sheet or profit and loss report. Of...
5 Incredible Benefits of Learning Accounting For Your Small Business
A survey conducted by the Global Entrepreneurship Monitor shows that there are approximately 582 million entrepreneurs worldwide. As a small business owner, you need to understand that bookkeeping is an essential part of running your enterprise. Following basic...
Don’t Skip Out on Learning Bookkeeping Basics for Entrepreneurs
More Americans than ever are scratching the itch to be their own boss. In 2016, it was estimated that about 25 million Americans had started their own business. Unfortunately, starting your own business can be challenging. One of the things many entrepreneurs overlook...
Everything You Need to Know about Accounting Starts with Learning How Much It Costs to Make a Donut
Do you have a certain fire within you and you know you were born to operate your own business? Do you absolutely hate trying to deal with bookkeeping and numbers? Over 62% of the billionaires in the United States are self-made. It’s a safe bet that not every single...
How Can I Learn Accounting for My Business?
As an entrepreneur, there are many responsibilities that you will need to handle on your own. The freedom that comes with entrepreneurship can sometimes also come with an increased workload. This can prove to be overwhelming for some individuals and can lead to many...
Why You Should Give Accounting One More Chance
As I mentioned in my book, each semester I begin my Managerial Accounting class with the same question, “How many people DON’T have a background in Accounting?” On average, 90 percent of the class raises their hand. I follow up with, “What are some of the reasons that...