Hire Your Virtual CFO and Grow Your Business
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
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 …
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 …
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 …
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, …
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
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 …
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 …
