Hire Your Virtual CFO and Grow Your Business
New Direction Capital’s Virtual CFO Services make it possible to help you grow and manage your business
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? 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 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 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 → 
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? 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? 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 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 → 
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? 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 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) In the business world, a lot of attention is given to finding and retaining customers. While it’s true that … Read More →
Don’t let growth come at the expense of company profit. Download our free PDF guide…
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.
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 …
How a Virtual CFO Can Help You Keep the Peace in a Family BusinessRead More
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
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
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 …
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 …
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 …
How a Virtual CFO Can Help Improve Your Business RelationshipsRead More
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. …
Build resilience and avoid stress through the pandemicRead More
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 …
How Consultants Can Manage Cash Flow During a PandemicRead More
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, …
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 …
5 Expenses You Can Cut to Keep Your Business AfloatRead More
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? …
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 …
How to Support Your Team When Your Business ReopensRead More
