The new year is here! As a business owner, there is a lot to evaluate and prepare for 2025. Many business owners felt the squeeze of a tight 2024 and if that was the case for you, naturally the goal is to avoid a repeat that year. A crucial component to revitalizing your business in […]| CFO Simplified
There are many elements involved in developing and manufacturing products for a customer. Most of a company’s concentrated efforts go to the creation of what they’re going to sell, and with good reason. Because that IS the only purpose of any company: product development. If you don’t have something to sell, you’re not in business. […]| CFO Simplified
Don’t Tell me what I need for my Business! We not only think about what we want our companies to be, but we have an image of what our companies are and the issues that they face. Sometimes they are based in things that we experience every day, but sometimes these are rooted in our […] The post Don’t Tell me what I need for my Business! appeared first on CFO Simplified.| CFO Simplified
Understanding and Mitigating Business Risks: Lessons from Hurricane Helene The financial devastation caused by Hurricane Helene in 2024, which led to $160 billion in economic losses, offers crucial insights into how business owners should think about risk management and preparedness. While natural disasters like hurricanes are region-specific, the types of risks and business vulnerabilities exposed […] The post Understanding and Managing Business Risks: Lessons from Hurricane Helene appeare...| CFO Simplified
Every business owner knows that one of their biggest assets is Inventory. But if your business doesn’t have shelves in a warehouse filled with products for sale, you might think that you don’t need to worry about all of the issues and problems that go along with managing, protecting and selling that inventory. Actually, there […]| CFO Simplified
Are you missing Strategic Planning? Let’s quickly get through the first three items in any strategic plan. Here’s a quick review. These are key to making sure that everyone in your company is on the same page. Vision and Mission Statement – Why do you exist, and what is it that you provide to the […]| CFO Simplified
Every business ends up short of cash from time to time. But there’s short of cash, and then there’s SHORT OF CASH. In the first case, you’re going to have to wait a few months to buy that new production machine. In the second, you need to figure out some way of covering payroll on […]| CFO Simplified
As we’ve worked increasingly with law firms over the past few years, there are a number of commonalities that we’ve found with many of the firms that we’ve met and have worked with. Lawyers are really good at taking care of their clients. That’s the bread and butter of their business and biz dev, and […]| CFO Simplified
All companies face the challenge of attracting and retaining good talent and appealing to an employee population that is diverse in what it wants and needs. Taking a thoughtful approach to total compensation ensures that money and resources will be well-spent, well-received, externally competitive, and internally equitable. Below are some key guideposts for building a […]| CFO Simplified