You can’t get through the news these days without hearing about inflation and how rapidly it’s increasing. Rates were generally low for quite some time and we all got used to it. Suddenly, however, everyone is getting squeezed by inflationary pressure. But what exactly is inflation, and how does it affect the money you have …
What is inflation and how does it affect my savings? Read More »
Inflation has ballooned worldwide in recent months, and there’s no question that small businesses are feeling the pinch. Supplies cost more, employees are hard to find, and your profits are shrinking. It’s undoubtedly challenging, but you can weather the storm with the following tips. 1. Study your data Your numbers are always helpful, but in …
7 tips to help your small business adjust for inflation Read More »
Businesses tend to progress more consistently if the owner sets financial goals and makes a plan to achieve them. The new year is a natural time to decide what you want to achieve and how. With that in mind, read on to learn the steps for setting financial goals for your business for 2023. Review …
A fractional CFO, or Chief Financial Officer, is a finance professional who works on a part-time, retainer, or contract basis. They bring the experience and expertise of a high-level CFO to your business – without the cost of hiring a full-time, in-house employee. Fractional CFOs service several clients at once typically on a part-time, retainer, …
When to Raise Your Prices: Five Things to Consider It’s inevitable in every business – you must raise your prices to continue making a profit. Many factors go into deciding how much to charge, all of which are dynamic. The rising cost of goods, inflation, and a changing market are just a few reasons why …
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Nobody wants their business to fail. Although it’s impossible to predict the future with 100% accuracy, a cash flow forecast is a tool that will help you prepare for different possible scenarios in the future. In a nutshell, cash flow forecasting involves estimating how much cash will be coming in and out of your business …
Introduction If you’re ready to move on to a new chapter in your life or if you want to take advantage of a hot seller’s market, here’s what you need to know about selling your business for top dollar: According to the Small Business Administration, only about 50 percent of small businesses survive their first …
You make decisions every day for your business. The business that are successful long-term make those decisions with detailed data to back each one. This comes from financial reporting, marketing analytics, data from your CRM, and many other sources. As a small business owner, you’re likely managing your financial reporting and accounting yourself whereas many …
CFO vs Controller: What Do They Do and Which is Right for You? Read More »
As a small business owner, you may be juggling many different tasks and responsibilities. You are likely the CEO, CFO, HR manager, IT guru, and more. It can be difficult to keep track of all the financial data that is necessary for your company to operate successfully. In this blog post we will cover 6 …
6 Financial KPIs Your Small Business Should Know Read More »
Small businesses are an integral part of our economy. They provide an outsized contribution to both job creation and economic growth, but many small business owners face daunting challenges as they try to balance their books each month. One-third of small business owners reported that they spend more than ten hours a week trying to …
4 Reasons Every Small Business Needs Outsourced Bookkeeping Read More »
