For many business owners, success doesn’t happen overnight. Instead, it builds steadily and requires a fair amount of dedication and commitment. Working with the right team, such as hiring a virtual CFO to help you manage your company’s finances and develop strategic plans, is one way to get on the path to success. Developing and …
How to Decide if You Need to Layoff Employees
After months of hearing about the Great Resignation, during which unprecedented numbers of employees resigned or quit their jobs, the news cycle has switched gears and is now focusing on impending layoffs. Companies across industries are contemplating or in the process of letting go of some of their employees. Deciding to lay off employees is …
The Four Faces of a CFO
One of the things you learn quickly when you own and operate a business is that you need to wear many hats. Your role changes week to week and, it might seem, from minute to minute. When you hire a virtual CFO to help manage and grow your company, you’ll quickly learn that they also …
What Your Business Can Do to Fight Inflation
If inflation has you worried, you’re not alone. In June 2022, inflation hit a 41-year-high, peaking at 9.1%. The cost of items most companies need to operate daily, from fuel to food, shot up. On top of rising prices, the cost of borrowing money has gone up, due to an increase in interest rates. As if …
How to Hire a CEO
Businesses that succeed will most likely find themselves needing to hire more people as the company grows. In some cases, the people you need to hire will be at the top of the company, taking on executive roles. Occasionally, you may even have to hire the top-most position, the chief executive officer. CEOs have massive …
What Is a 5 Year Business Plan?
As you manage the day to day operations of your company, it can be difficult to see beyond the of the week, much less the end of the quarter or year. But putting together a plan that maps out a strategy for your company over the next few years is key to your business’ success. …
5 Unexpected Benefits of Hiring a Virtual CFO
By now, you’re probably well aware of many of the ways a virtual CFO can help your company. Working with a virtual CFO can give your business’ finances a boost, help you plan your next steps, and help you find needed funding. But there are other benefits of working with a virtual CFO that go …
Tips to Help You Be the Best CEO Possible
A company’s success starts at the top. If you’ve recently been made the CEO of a business, you probably want to do as much as possible to ensure you succeed in the role and that you do the best job possible. The better prepared you are for the CEO role and the more you do …
7 Signs It’s Time to Hire a vCFO
On the surface, everything might seem to be going well with your company. Your sales are great, you’re taking on new customers, and you’re hiring new employees regularly. But on closer look, your company might not be doing as well as it seems. You might feel stressed out or unsure of what to do next. …
Startup CEOs: Tasks to Outsource to vCFO
If you’re the CEO of a startup, you’re probably wearing a lot of hats and juggling multiple roles at the moment. Although trying to take on every aspect of running a new company can seem like an ideal way to cut costs, in the long run, it’s more likely to lead to burnout. Trying to …
How to Solve Challenges With a CFO Part 5: Staying Ahead of the Competition
Being in business means facing and overcoming multiple challenges along the way. We’ve been taking a close look at how CFOs can help CEOs navigate the many challenges that come their way, from developing a strong plan for growth to navigating change and hiring the right talent to making a plan for management transition. Now, …
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How to Solve Challenges With a CFO Part 4: Training New Leaders
We’ve been looking closely at how a virtual CFO can help CEOs cope with many of the challenges they face. So far, we’ve explored how a vCFO can help your company navigate change, plan for growth, and retain top talent. Now let’s take a closer look at another pressing issue: How to develop an effective …
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