CFO Advisory

Welcome to our monthly catch up. This month we want to talk about something that is at the heartbeat of every business. Cash. As business owners we've probably all gone through the angst of wondering how the bills are going to be paid. Having enough cash in the bank is a necessity for your business' survival. Cash flow management is of paramount importance in ensuring your business has the resources to cover its operations and meet other obligations, such as paying debt. Let'

Access to Capital for Small Businesses Businesses large and small need access to capital to fund operations and grow revenues and profits. Owner investment and internally-generated cash flow are rarely sufficient to allow businesses to scale their operations. Some form of external financing is usually necessary to fund significant revenue and profit growth. Small, less established businesses find it more challenging to raise capital. Many times, small business owners are not

Many companies, especially smaller ones, do not create a budget. This can lead to financial problems down the road. Spending can easily get out of line with cash inflows when there is nothing to guide expenditures. Setting a budget can help companies better manage their cash flows, aligning expenditures with operating activities. Operating without a budget is like driving in the dark. The budget requires management’s ongoing attention for it to remain relevant. A change in op

Being an outside CFO to our clients is one of the services we offer. Many entrepreneurs we talk to do not understand the types of service outside CFOs offer. For those of you wondering what an outside CFO can do for your business, we touch on some of the things an outside CFO brings to the table. 1 - Be Your Financial Eyes and Ears The CFO is your go to person for understanding and interpreting all accounting and financial matters related to your business. The CFO will help y

Companies are in business to make profits, plain and simple. Most business owners therefore focus on generating a profit and forget about something more important to the survival of the business than profits: cash in the bank. While the ultimate goal is to make a profit, without cash to pay workers and bills and expand the business, profits will be meaningless as the business will eventually fold. Profitable businesses have gone under because of a lack of cash. Successful com