When it launched in April 2020, demand for Paycheck Protection Program (PPP) loans was high. After less than two weeks, the $349 billion initially allotted to the program was gone. The high demand led to an increase in the funding available, and later, a second draw period, during which companies that had received funds initially …
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.
What Your Company Needs to Know About the Employee Retention Credit
The CARES Act, passed in 2020 in response to the COVID-19 pandemic, offered several forms of relief to businesses that might have been negatively affected by shutdowns and other pandemic-related limitations. One of the relief programs was the Paycheck Protection Program (PPP), which offered small businesses loans to help them maintain their payroll through shutdowns. …
What Your Company Needs to Know About the Employee Retention CreditRead More
How Cybersecurity Affects Your Company’s Finances
A few decades ago, many businesses didn’t need to think about cybersecurity or how to protect their data from hackers or other bad actors. There wasn’t the internet as it’s known today and many files were stored in a physical, rather than digital, format. Nowadays, even the smallest of businesses most likely uses a network …
Is Now the Right Time to Buy a Business?
Owning a business can be tough, but that doesn’t keep people from doing it year after year. As the New York Times reports, even in “good times,” one out of five businesses don’t make it past the first year. In a particularly challenging time, when unemployment is high and people are supposedly tightening their belts, is …
How Is Your Company Capturing Value?
What does a company need to do to thrive and grow? You might think that increasing the size of its customer base, selling more of its products or services, and introducing new products are all keys to increasing profits. While it’s true that creating value is a crucial way for a company to set itself …
How to Avoid Zoom Burnout
Whether they take place over Zoom, Google Meet, Microsoft Teams, or any of the other video conferencing platforms out there, video calls make remote meetings and conferences possible. They can also be more draining, physically and emotionally, than in-person meetings. As more and more people shifted to remote work as a result of the pandemic, …
What Employers Need to Know About the COVID-19 Vaccine
The news that two vaccines against COVID-19 were approved for emergency use in the U.S. at the end of 2020 was welcomed by many. Although the initial rollout of the vaccines was slow, production and availability of each, as well as potential new vaccines, is expected to increase by spring of this year. The vaccines …
What Employers Need to Know About the COVID-19 VaccineRead More
Does Your Business Qualify for Round 2 of the PPP
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) created the Paycheck Protection Program (PPP) in March 2020. The goal of the loan program was to provide much-needed funds to businesses, allowing them to keep their team employed and providing financial support for other business operations. The loans were guaranteed by the U.S. Small Business …
How a Virtual CFO Can Help You Keep the Peace in a Family Business
Around 20% of all small businesses in the U.S. are family-owned businesses, according to the Small Business Administration. A family-owned business is one that is operated by at least two members of the same family and one where the family has the majority of ownership control of the company. Just as things can get a …
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How Your vCFO Can Help You Make the Right Hires in 2021
As the owner of a business, you might already know all too well the expense involved in adding new members to your team. You might also be familiar with the cost of bringing on the wrong hire. Some estimate that bringing on a bad hire can cost companies hundreds of thousands of dollars. When money …
How Your vCFO Can Help You Make the Right Hires in 2021Read More
How a Virtual CFO Will Help You Prepare for the End of the Year
As the end of the year approaches, there are some things your business needs to do to ensure its success in the coming year, whether this has been your first year in business, your 10th, or your 50th. There are many loose ends to tie up before the clock strikes midnight on December 31. Working …
How a Virtual CFO Will Help You Prepare for the End of the YearRead More
How a CFO can soothe CEO pain points
At this point, it might be an understatement to say that 2020 has been a challenging year. Businesses were forced to make many tough decisions, from laying off key employees to deciding where to focus their energy and attention. Some companies had to press pause on plans to expand and grow while others were forced …