CUSTOMERS DRIVING THEIR BUSINESS FORWARD

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 …

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 …

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 …

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 …

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 …

Whether you’re starting a new company or growing an existing one, you need financing to take the next step. Traditionally, it’s been challenging for small or newly established businesses to get loans from banks and traditional lenders. Newer companies don’t have a credit history and smaller businesses often don’t have much financial clout. In recent …

As 2023 approaches, you may be in the process of setting goals and resolutions for your company. Depending on your company’s needs and situation, working with a virtual or outsourced CFO can help your company achieve its goals in the new year. If you’re not sure if now’s the time to hire a vCFO, here are …

It’s hard to believe it, but another year is almost drawing to an end. 2022 has been a year full of ups and downs for many businesses, as companies scrambled to retain or find employees, inflation increased, and a recession loomed. As the year comes to a close, you may be looking forward to 2023. …

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 …

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 …

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 …

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 …