A keen awareness of the financial health of your business is a prime concern for any business owner. It’s a signal of growth or of a need for change. It’s how you know you’re doing the right thing and making good choices. It provides valuable feedback that informs which direction the company should move. Financial […]
How can you tell whether a business is in good financial health? It’s tempting to answer this question simply: Look at the bottom line profit margin, of course. We gather that that the profitability of a business is probably the best standalone indicator of good financial health. And it’s also a predictor of long-term success. […]
It never hurts to go over basics, especially when it comes to the financial health of your business. Let’s review some basics before we determine if your business is managing cash flow efficiently. What is Cash Flow? You could probably infer what it is just from the name. It refers to the movement of money […]
For business owners and wealthy individuals alike, taxes play a major role in managing financial health. Whatever your financial situation, tax preparation is an important part of the picture. About a third of people choose to employ a tax advisor to help them file tax returns and assist in tax planning, and there’s no guessing […]
The world of finance and tax can be daunting to just about anyone who isn’t a professional in the field. Those who specialize in one or more areas of the field have usually spent years of dedicated study and practice before becoming competent at what they do. Even then, they are often specialized in one […]
Is it time for the next step in your business? Is CFO consulting the way to grow your business? If there is a goal that almost all companies share, it’s growth. It’s to gain the ability to serve a wider range of clients, have a bigger impact, and increase revenue. However, as many business owners […]
Are you a Baby Boomer or even a member of Generation X who is still frustrated in your relationships with Millennials? Making the adjustment to the Millennial Mindset has been a challenge for many. But with some insight and a deeper understanding everyone can make changes for the better. Please note that we are working […]
Business valuation, business evaluation, and business appraisal: aren’t they all the same thing? The simple answer is no. You’ve heard the terms. Maybe you’ve even gone through one of the processes. But are you still unsure of the difference between the three? In this post, we’ll take a look at the difference between a business […]
The ever-changing digital landscape has made it easier than ever to do business. But this ease comes with a cost. Especially when it comes to owning a business. This is because you have the liability of cyber security and your employees. We have become increasingly dependent on services that are managed by vulnerable systems. The […]
Running a business has a lot of moving parts. Focusing on staff retention often falls to the bottom of the priority list. At some companies, it may not even be on the list. You might be surprised to discover: The US Bureau of Labor and Statistics says that three and a half million employees have […]