Posts Tagged ‘B2B CFO’
6 Questions Every Business Owner Should Ask
Inventor Albert Einstein is famously quoted, “It’s not that I’m so smart, but I stay with the questions much longer.” Companies that are deliberate in asking the right questions, and drilling down on the tough answers, will have greater success in reaching sustainable financial health and long-term business success. You cannot lead what you do…
Read MoreThe Big Boom of AI and Its Impact on Accounting, Finance, and Business
Some experts suggest we buckle up because artificial intelligence (AI) is about to shake the accounting profession. They predict that in the next decade AI will automate many of the most repetitive processes in accounting such as data entry and reconciliations. What does this mean for the profession and what opportunities could business teams seize?…
Read MoreReady for a Business Sale? Steps to Build Your Advisory Team
As a business owner, you have worked tirelessly to get your company to a point where it can be sold. Naturally, selling is understandably an emotional and complex undertaking. According to a study by the US Chamber of Commerce, just 20% of companies put up for sale are ultimately sold, meaning that four out of…
Read MoreThe Hazards of Unhealthy Business Growth
Perhaps the headline of this article has surprised you—and that in itself is not too surprising. More often than not, growth is taught to be equivalent with success, profits and progress. A growing business is what most CEOs and small business owners dream of, but what isn’t talked about enough is that there is such…
Read MoreProactive Scenario Planning Steps: Business Owner’s Guide
Imagine turning uncertain situations in your business into favorable outcomes? Easier said than done. However, this is where the importance of scenario planning and “what if” modeling can help businesses thrive in the face of uncertainty. By testing the impact of various strategic options being considered, your company can stay ahead of the curve and can…
Read MoreLessons from the Unofficial Organizational Chart
Leading a business comes with high pressure and high stakes. How do you respond when everyone is leaning into you for answers, directions, and advice? Being at the top can be lonely, especially when the urgencies of the day are competing for your attention. Do you feel you have limited time to focus fully on…
Read MoreWhy Pruning Your Business Could Create a Path for New Growth?
It seems counterintuitive to cut off branches, leaves, or even roots to get larger, fuller plants. And yet, it’s one of the most important tasks for a thriving, healthy garden. Just like a garden, a healthy and thriving business requires an Owner who can tend to the health of their business by pruning or removing…
Read More10 Financial Metrics To Monitor for a High-Performing Business
Regardless of the size, age, or industry, all companies need to consistently monitor their financial performance. Long-term success and goal achievement greatly depend on generating revenue and managing your financial metrics. Having trackable metrics with benchmarks ensures healthy business performance. By tracking and monitoring specific financial metrics over time, the business owner can gauge cash flow management, profitability, management of debt, and health of the company’s sales. Financially sound companies are extremely mindful of many of the metrics…
Read More13 Point Year-End Planning Checklist for Your Business
Many of us are eager for 2020 to come to a close. December is the time of year when your business really needs your attention, especially with regard to finances. Year-end finances are often overlooked. But with proactive preparation, you can save money at tax time and be better prepared for any unexpected financial urgency…
Read More