Improving Profit Margins One way to measure the financial health of your business is to look at its profit margin. The profit margin shows how your company makes money. It’s a ratio that’s usually calculated by dividing business income by revenue. The most commonly referenced profit margin is the net profit margin, which shows how …
Tools to help grow your business
New Direction Capital’s Virtual CFO Services make it possible to help you grow and manage your business
What to Do When Your Business Feels Stuck
It’s not uncommon for people to get stuck in a rut in their daily, personal lives. They get up in the morning, go to work, head home at night and … Read More → 
What is a Manager’s Mindset and How Can It Help Your Business?
What is a Manager’s Mindset and How Can It Help Your Business? At one point in time, the only thing you had to worry about was doing what you do … Read More → 
How Being Creative Can Help You Grow Your Business
How Being Creative Can Help You Grow Your Business Creativity is something that people often assume other people have. Business owners and entrepreneurs might assume that being creative is something … Read More → 
What to Do Before Buying a Franchise
What to Do Before Buying a Franchise If one of your goals has been to own your own company, one way to do so is by purchasing a franchise. Many … Read More → 
5 Goals for Every Business in 2019
As a new year begins, it’s common for people to reflect on their habits and processes and to consider new ways of approaching old problems. Goal setting is another common … Read More → 
Should You Adjust Your Business Strategy for the New Year?
Should You Adjust Your Business Strategy for the New Year? With the new year upon us, now can be the ideal time for you to examine your company’s business plan … Read More → 
The New Tax Law: How Does It Affect Your Year-End Tax Planning?
The New Tax Law: How Does It Affect Your Year-End Tax Planning? As the end of 2018 approaches, it time to start thinking about an important date in 2019: April … Read More → 
How to Build Trust With Your Team
How to Build Trust With Your Team Employees are going to be happier on the job and more likely to remain with a company if they feel that they can … Read More → 
Under-Management vs. Micro-Management: Why Both Can Be Bad News for Business
When it comes to managing a team of people, it helps to tap into your inner-Goldilocks. Some managers are so concerned that they will be perceived as micro-managers that they … Read More → 
Does Your Business Really Need That Technology?
Does Your Business Really Need That Technology? Technology has helped companies produce more, get more accomplished, and reach a wider customer base. Thanks to technology, it’s now possible for your … Read More → 
How to Keep Growing When You’ve Hit a Plateau
How to Keep Growing When You’ve Hit a Plateau Although it might seem as if running a business means constantly climbing to new peaks and occasionally falling into valleys, the … Read More →
Your Guide to Choosing the Right Vendor (and Why It Matters)
Your Guide to Choosing the Right Vendor (and Why It Matters) In the business world, a lot of attention is given to finding and retaining customers. While it’s true that … Read More →
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We know you have worked really hard to build your business, take care of customers and employees. You deserve a Virtual CFO who can manage all of your financials and implement strategies so you can confidently lead your business forward.
How a Virtual CFO Can Help Improve Your Business Relationships
What does your business need to succeed? You might be surprised to learn that it’s not the best product or the most innovative service. It’s not offering the lowest price, nor is it breaking certain records. Your business’ continued health and longevity depend in large part on the health of its relationships. Those relationships might …
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Build resilience and avoid stress through the pandemic
Life and business both have their ups and downs. As the COVID-19 pandemic continues to keep many businesses shuttered and continues to wreak havoc on the economy, many business owners are finding themselves up against previously unforeseen challenges. Your emotional resilience influences how you respond to those challenges, both on a personal and professional level. …
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How Consultants Can Manage Cash Flow During a Pandemic
At this point, it is an understatement to say that the COVID-19 pandemic has rattled businesses to the core. Many are trying to find ways to stay afloat after prolonged closures and many are trying to find ways to win back customers who might be trepidatious about going out and about or spending money on …
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How to Boost Profits When Sales Are Slow
Your company’s sales can drop for a number of reasons. You might own a seasonal business that sees lots of activities during certain times of the year and a significant decrease in sales for the rest of the time. The state of the economy could be keeping customers away. Whatever the cause of slow sales, …
5 Expenses You Can Cut to Keep Your Business Afloat
As a general rule, the more cash your company can keep on hand, the better. The phrase “cash is king” takes on new meaning in the middle of a recession or downturn, when your sales might have dipped and your revenues have fallen. There are many things you can do to help your business survive …
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How to Re-Engage with Customers
After being closed for several months or having your business activities dramatically restricted as a result of stay home orders, your county has finally given your business the green light to reopen, provided you take certain precautions. You might be ready to get back to business and establish a new normal, but are your customers? …
How to Support Your Team When Your Business Reopens
After several months of stay-home requirements and business shutdowns, companies across the U.S. are beginning to make plans for what comes next. For many companies, that means reopening and attempting to get back to normal as much as is possible. As your company prepares to reopen, your employees might be concerned about what going back …
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How Your Company Can Emerge Stronger From a Crisis
Most people don’t want to think about crises coming up and throwing a wrench in their business plans. But crises can, and do, arise. You might find your business in the midst of one right now. While in some cases, a crisis, such as a natural disaster, a scandal or novel virus that causes a …
How to Raise Capital in a Recession
Raising capital for your company can be challenging enough during times of expansion and when funds seem to flow freely. How can you get the funding you need to keep your business operational during a downturn or recession? While raising capital can be more of a challenge during financially difficult times, your business does have …
Succession Planning
As much as you would like it to, things won’t stay the same at your company forever. Your favorite employees might move on to new roles or new projects at some point. You are likely to eventually decide to try something new, retire, or sell your business. Knowing who can step forward to replace managers …
Understanding the CARES Act and What it Means for Your Business
At the end of March, the Senate voted to pass the Coronavirus Aid, Relief and Economic Security Act (CARES Act). The Act was signed into law by the President shortly after it was passed. An unprecedented relief act, CARES is a stimulus bill designed to provide more than $2 trillion worth of financial relief to …
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