Can I Trust the Numbers in my Business?
You may know your numbers as a small business owner, but do you trust them? Here's how to make sure your numbers are clean and up to date so you an build trust in your numbers.
Surviving the Recession: What to do When Cash Flow is Low
You’ve been told to save your cash, but that ship has sailed. The recession is here, and your cash flow is low. These tips help you survive the recession without a cash reserve.
Two Ways to Recession Proof your Business
Business owners don’t need the Federal Reserve to know when cash is tight and sales are slow. When the economy takes a hit, it's time to focus on what you can control to strengthen your company and recession-proof your business: Control cash flow and strengthen decisions.
A Tale of Two SBA Loan Denials (and How to Avoid the Same Fate)
A tale of two SBA loan applications gone horribly wrong. Denials due to shoddy accounting and tax returns showing no profit. Get tools and tips you need, so your small business can avoid the same fate.
Unlock the top secrets to growing more profitable with CFO Services for small business
You’ve built a successful business, now its time to build your team and grow even MORE profitable. Could CFO services for small business help you hit new financial heights?
Creating Successful Habits to Reach your Business Growth Goals
To turn a big vision and long-term business growth goals into actualized success, follow this simple recipe to develop and maintain the habits and resilience you need.
Your 4-point Path to Meaningful Numbers and Clear Financial Reports
Meaningful numbers are a central theme at CFO on Speed Dial.
That’s because having and using meaningful numbers is the foundation for our entire framework for building business and financial success. If your financial reports are not meaningful; then they can’t do the job you need them to do — which is to make informed decisions about how to keep your company moving ahead strategically.
Leverage Limbo: How much is too much business debt?
Using loan funding (like the EIDL or other SBA small business loans) can be fantastic way to fuel a growing company, but how much business debt is too much? Here are two ways to check if your business borrowing is helping or hurting.
3 Systems to Fast Track Business Growth and Boost Finances
Three systems.
That’s all you need to manage finances and propel your business growth...that sounds simple enough, right?
In theory, yes. However, one thing I’ve learned during my years as a CFO for growing companies is that numbers and financial decisions can feel incredibly stressful and complicated.
3 Steps to Craft a Flexible Financial Plan for Your Business
Business financial plans usually start with recent history and use a trend line to predict the future. For most companies, it's impossible to use 2020 revenue to predict reasonable sales or revenue growth for 2021. Still, when life and business are full of uncertainty; having a map of where you want to go and how you plan to get there is a critical tool.
So yes, in 2021, you can and should create a 12-month forecast to plot out a full year of what you think can or will happen. But, don’t treat it like a fixed business budget and try to make it 100% correct.
Instead, acknowledge something that has always been true:
Today’s forecast can’t fully predict next month’s challenges.