After you sell one of your products or perform a service, what do you do next? If it’s waiting for payment, you’re not alone. Many owners face cash flow obstacles in their business - including not getting paid on time. When left unaddressed, these can negatively...
How great would it be to have three or four months to pay your vendors? As amazing as that sounds, it’s not the reality for many small business owners. Instead of enjoying extended payment terms with your suppliers, you’re usually the one waiting for payment for your...
Do you dream of having someone in your corner that would help you understand your finances and strategically manage them so that you can take your business to the next level? That someone is called a Fractional CFO (also known as a Virtual CFO, Outsourced CFO, or...
Big or small, all businesses are at risk of fraud. Although it’s comforting to believe that small businesses are less likely to experience fraud, research shows otherwise. Small businesses – or businesses with less than 100 employees – actually have the highest median...
The three musketeers are not only well-known characters found in a famous novel – they’re present in day-to-day business life, too. Better known as income statement, cash flow statement, and balance sheet, these three important financial statements work together to...
As a business owner, selling your products or services at a loss goes against your instincts. And rightfully so: you’re in business to make money, not give it away! Although it may seem counterproductive, offering products or services at or below cost can actually...
Large amounts of cash in your business banking account can be comforting to look at. However, there is such a thing as having too much, and similar to having too little cash, keeping an excessive amount can negatively affect your company’s performance. So if you want...
As Gandhi stated, “The future depends on what you do today.” When you look to the future of your business, you likely dream of its success. But hoping for it – and planning for it – are two very different things. In the business world, financial forecasting helps...
Getting bogged down by the financial responsibilities of running your company? Need practical advice about whether you can expand your locations, invest in better equipment, or hire more employees? Want to hear an expert’s opinion on the future of your business?...