CFOs play a vital role in helping business owners achieve their objectives. They develop various benchmarks, key performance indicators and other metrics that assure the company will achieve its stated objectives. By implementing these analytical tools and processes, you will be able to easily manage your business on a day-to-day basis.
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The Client BeaconCFO Plus (BCP) had a client, a Cleveland-based machine shop that had been in business over 30 years, who was experiencing a flat top line. As a result of flat sales, the client was having cash flow issues.
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When part-time CFO services are provided, the time spent on-site at the client can cover a variety of tasks. This depends on the services required by the specific client and the prioritization of what needs to be done.
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CFOs work closely with you to address and overcome financial and operational challenges. In part one of this two-part series, learn how a CFO can help owners and management understand the connection between working capital, cash flow, gross margins and net profit to help businesses operate efficiently.
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Growth is an evolutionary process that never ends. The controls, people, and structures inside your business will continue to evolve at different intervals as you achieve different milestones.
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As an owner of a small- to mid-size company, you operate your business in an increasingly complex environment. I regularly meet with business owners just like you, performing business development activities for BeaconCFO Plus, a Cleveland, OH based part-time CFO service firm. I’m often asked how part-time CFO services can benefit small- to- midsized companies and what other firms compete with our services. The question of our competitors may appear to be an odd question […]
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Do you have customers who are rapidly growing or facing a restructuring due to a downturn in their business cycle? Either scenario can create additional risk to your customer’s banking relationship.
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Meeting with business owners on a regular basis, I am often asked how you can benefit from outsourced services in managing your company. Following are three advisory tips from an outsourced CFO perspective that have provided value to business owners.
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Henry Kravis is one of the founders of Kohlberg, Kravis, Roberts, one of the largest global investment firms with approximately $130 billion under management. The Firm was founded in 1976. Portfolio companies in its private equity funds generate over $200 billion in annual revenues and employ about 720,000 people. In this interview, Kravis discusses the future of private equity investing, touching on topics such as How disruptive technologies can be both a threat and provide […]
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The Crucial Steps to Starting a Business to Avoid Failure As a start-up or small business owner, you’re familiar with the steps to starting a business. But, are you aware of the reasons many start-ups fail? It is often said “before you succeed, sometimes you must fail.” While true, the key is to prevent the failures in your business from cumulatively shutting it down.
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