What’s the Secret to Great Company Culture? (And How a vCFO Can Help)
When you look at great companies, what do they have in common? Across industries, the most successful companies have a team of happy, dedicated employees working for them. Happy employees are the secret to a great company culture, and ultimately, a company’s success. Here’s how you can work with a virtual CFO to improve your …
Read More CEOs: How Your vCFO Can Help Conduct a Risk Assessment
Being in business means taking risks regularly. But as a CEO, you may wonder how many risks are appropriate to take and what an acceptable risk level is. You want to see your company grow and thrive, but you don’t want to move forward so quickly that you set yourself up for failure. A virtual …
Read More CEOs: Your vCFO Will Be By Your Side While Raising Capital
The CEO is the face of the company and often the one responsible for fundraising. But having a virtual CFO behind the scenes can help reduce the stress of raising capital. Your company’s vCFO can help you determine the best type of financing, facilitate connections with banks and investors, and be there for you throughout …
Read More Who Should Be on the CEO’s Support Team?
As the CEO of your company, you may think you have to face all the daily challenges alone. But, the myth of the self-supported, solo CEO is just that: a myth. The reality is that the CEOs of the best-performing companies usually have a team of people supporting them and helping them tackle concerns as …
Read More The Pillars of a Strong CEO and CFO Relationship
When your company hires a virtual CFO, it isn’t just hiring someone to come in and manage its finances. It’s forming a partnership with a financial expert who can be by your side every step of the way. New Direction Capital’s virtual CFOs work closely with the CEOs of the companies we partner with. We …
Read More How Virtual CFOs Simplify the Complex
As your company grows, it becomes increasingly complex. Your organization takes on layers and structures it didn’t have previously. Your finances become more difficult as you add in more sources of revenue, more bills to pay and more profit. As a CEO, you feel pressure to manage your company’s complexity. The pressure can make you feel …
Read More How a CFO Can Help Your Company Find Growth in 2023
Only a few weeks in, 2023 is already proving to be a challenging year for businesses. Concerns about the economy are high, particularly regarding inflation and the potential for a recession. Despite or perhaps because of the challenges this year presents, many CEOs want to grow their companies over the coming months. Several surveys have …
Read More Risks a vCFO Can Help CEOs Take in 2023
Without a bit of risk, it’s impossible to reap any rewards. As you run your company, you may feel bogged down by your daily responsibilities, so much that thinking about the future or even considering any risks becomes impossible. That’s where an outsourced CFO, or virtual CFO, can step in. The vCFOs at New Direction …
Read More CEO Relationships with CFO
One of the most important relationships in a business is between the company’s CEO and CFO. The CEO/CFO relationship is vital whether you work with a full-time, in-house CFO or have hired an outsourced, virtual CFO. Your company’s vCFO helps the CEO take steps toward fulfilling your mission and reaching your goals. The vCFO can …
Read More How a vCFO Can Help CEOs Manage Workforce Challenges in 2023
2023 is nearly here, and one concern looms large in the minds of CEOs: the workforce. According to an annual survey conducted by Gartner, workforce concerns are among the top 10 priorities for CEOs in the new year. More than 30% of CEOs surveyed stated that the workforce was one of the top strategic business …
Read More Steps to Take to Grow Your Business in 2023
Another year is almost at an end, which means it’s time to start looking ahead and making a plan for the next 12 months. Even though it hasn’t started yet, 2023 promises to be somewhat challenging for businesses, with many companies constricting, laying off employees, or otherwise tightening their belts. But 2023 doesn’t have to …
Read More How a vCFO Can Help You Build Your Network
One often repeated cliche in business circles is that it’s “not what you know, but who you know.” While that sentiment isn’t 100% accurate, there is some truth behind it. The more people you know and the deeper your business connections and relationships, the easier it will be to build and grow your company. Many …
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