CUSTOMERS DRIVING THEIR BUSINESS FORWARD

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …