Fractional cfo
Business Exit Strategies: How to Choose the Best Option for You
Building and growing your business didn’t happen overnight. It took years of hard work, dedication, and many sacrifices along the way. The same goes for creating a solid transition and exit plan—it’s not something you can create in a day. Yet, here’s the surprising part: A survey found that while 67% of business owners expect…
Read More6 Questions Every Business Owner Should Ask
Inventor Albert Einstein is famously credited for saying, “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…
Read MoreUnderstanding the Beneficial Ownership Information Reporting Rule: FAQ’s For Business Owners
What does Beneficial Ownership Information Reporting mean to my business? As part of efforts to curb money laundering, increase transparency of business ownership and to reduce other financial crimes, FinCEN has issued a new rule requiring businesses to report the personal identifiable information of their owners. This is known as beneficial ownership reporting. To comply…
Read More7 Tips for Surviving the Black Clouds in Business
Attempting to eliminate or prevent all worry in business is a fruitless pursuit. At any given time, we can find ourselves tiptoeing through landmines and navigating unexpected twists and surprises. CEOs and owners who desire to build a business of significance and success often get derailed by what B2B CFO® calls black clouds. Take a moment…
Read MoreHow to Find the Right Strategic Business Advisor For Your Company
In business, blind spots are inevitable. However, these blind spots can lead to costly mistakes and missed opportunities. To stay ahead of the game, growth-minded business leaders rely on a strategic business advisor who can provide expert advice and guidance. In my latest article, I share the benefits of working with a business advisor and…
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 More5 Lessons Learned from Recent Bank Failures
First Republic Bank made headlines on May 1, 2023, when California regulators stepped in to take over the bank after a private rescue fell through. Regulators struck a deal for JP Morgan to take on First Republic’s $92 billion in deposits. The FDIC will share losses with JP Morgan on its loans, averting a massive…
Read MoreAre you a Finder, Minder or Grinder?
Being at the top can be lonely, especially when the urgent issues of the day are competing for your attention. Do you feel you have limited time to focus fully on the vital strategic issues that impact the company’s performance and future? Those business leaders who struggle with safely delegating tasks or relinquishing decisions to…
Read More10 Financial Metrics Every Business Owner Should Monitor
Regardless of the size, age, or industry, all companies need to consistently monitor their financial performance. Long-term success and goal achievement greatly depends 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…
Read More2023 Exit Planning Guide
Economic conditions such as high market demand for profitable businesses, labor shortages, and economic uncertainty in the year ahead are bringing many business owners to the point of selling their business. Whether a business sale is on the short-term horizon or a future consideration, the sale will be one of the most significant business actions…
Read More