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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Is it Time to Pivot Your Business?
Your company feels stuck. Perhaps things went well at first and you had a lot of sales and customers. The customers you did get were happy to tell people about you. But then something happened and now it seems like you’re struggling to retain clients or struggling to get new customers interested in what you …
How to Build or Rebuild Business Relationships
What’s one thing every business owner needs to thrive? Relationships. Behind every healthy company is a network of business relationships. Those relationships provide support to the business owner as well as much-needed advice and ideas. In some cases, relationships support the day-to-day operations of a company and provide financial support to it. You can divide …
How a Virtual CFO Can Help During Times of Uncertainty
By now, we’ve all seen what can happen during times of uncertainty. People panic-buy items they might or might not need in large quantities. They sell stocks, causing the market to plummet. They feel a sense of loss and fear and generally don’t know what they’ll do next or where they can turn. The same …
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How CEOs Can Know When It’s Time to Pass on the Reins
The average CEO spends about five years on the job. When you started your company or stepped into the role of CEO in someone else’s place, you probably realized that it wouldn’t be a permanent position. Even if you enjoy the work you do, or are proud of the company you created, you want to …
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What Your Business Can Do to Weather a Recession
For the past few weeks, things have not been business as usual for many companies around the world. Concerns about coronavirus have caused many businesses to temporarily shut their doors. Even companies that have been able to stay in operation have seen a downturn in the number of orders they’ve received or in the number …
How to Maintain Company Culture When Everyone’s Working Remotely
In the wake of the coronavirus / CVOID-19 pandemic, more companies than ever before are embracing a remote work environment. Having your employees work-from-home might be the only way your business can stay in operation at the moment. But it might seem as if your team has lost something by going home to do their …
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How a Virtual CFO Works With You to Develop a Strategic Plan
There might be times when you find yourself wondering where your business is headed or how you will get your company to where you would like it to be. You might not be sure what your overall goal is for your company or if you are still on track toward the mission you created years …
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How to Give Your Business a Fresh Start
Give your company a fresh start! It’s the start of the new year. What are you going to do to make 2020 your company’s best year yet? If your business has felt stagnant lately or as if it’s been treading water, the beginning of the year can be the perfect time to give it a …