When Should an Entrepreneur Hire a CFO? By Kimberly Danek From Entrepreneurweek.com Not every small business or company requires the services for a Chief Finance Officer or CFO, and as such, it is important that an entrepreneur knows the right time to hire one. To hire or not to hire a full-time CFO is dependent… Read more »
“Cash is King”: It’s a phrase we know all too well – AND – the hard truth when it comes to managing a business. Without cash, you can’t pay your suppliers and employees. Without supplies and personnel, you can’t produce your product or service. Without a product or service, you can’t make sales; and, without sales, there IS… Read more »
From NewsdayPlan ahead: Create an exit strategy Plan ahead: Create an exit strategy Jamie Herzlich firstname.lastname@example.org Exiting your business may be the farthest thought from your mind, and you’re not alone in that. In fact, about 70 percent of small-business owners have no exit strategy, according to a Securian Financial Group survey. One of the… Read more »
B2B CFO Founder Jerry Mills shares all his insights on his book, The Exit Strategy Handbook, where he reveals the best way business owners can prepare themselves for selling a business.
Increasing the amount of cash you have on hand isn’t rocket science. There are basically only two ways to do this: earn more and spend less. Within these two categories are a myriad of strategies and actions you can take to improve cash flow—to get paid faster and spend slower. Here’s how: 1. Stop being… Read more »