Archive for Tips for Business Owners
Posted by Steve Lash on February 26, 2018 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. Please like & share:
Continue Reading → Posted by Tom Gentile on January 18, 2018 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. Please like & share:
Continue Reading → Posted by Steve Lash on August 10, 2017 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. Please like & share:
Continue Reading → Posted by Steve Lash on July 13, 2017 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. Please like & share:
Continue Reading → Posted by Steve Lash on June 14, 2017 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. Please like & share:
Continue Reading → Posted by Steve Lash on May 16, 2017 Whether your company is experiencing a significant growth spurt or dealing with a downturn in your business cycle, hiring a part-time CFO is an effective tactic to leverage the strategic financial and operational expertise they possess. Please like & share:
Continue Reading → Posted by Tom Gentile on May 5, 2017 As a small- to mid-market business owner, it’s not unusual to feel as if you are at your wits end. When you started your company, you had a true passion for what you wanted to do. It may have been to make the best widgets in the world, provide the best websites possible or deliver the best service anyone has ever seen. Please like & share:
Continue Reading → Posted by Steve Lash on April 18, 2017 As a small- or mid-sized business owner, your company will grow and evolve over time to where you will need broader financial and strategic guidance that is best provided by a CFO. A common obstacle is your business doesn’t have the need for a full-time CFO or faces other budgetary constraints. Please like & share:
Continue Reading → Posted by Steve Lash on April 7, 2017 As a small- to mid-sized business owner you wear many hats in managing your company, which is a common dynamic that exists for a variety of reasons. It generally occurs as you tend to be a do-it-yourself person because of financial circumstances or you think no one else can manage as well as you. Please like & share:
Continue Reading → Posted by Tom Gentile on March 22, 2017 When an aspiring small business owner leaves their job to live their true passion, they are armed with confidence to take on a new adventure. Starting small with plans to grow and staff the business with the bare minimum to be successful, the small business owner believes he or she is equipped with the necessary financial knowledge needed to be successful. When in reality, their knowledge is limited to money comes in, money goes out […]
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