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
