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When Should an Entrepreneur Hire a CFO?

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When Should an Entrepreneur Hire a CFO?
December 9, 2011
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 on many factors.…

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Posted in Banking, Best Business Practices, Cash, small business

Business Check-Up – Is it time?

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When was the last time your business had a check-up by someone outside your internal organization?

1. Do your bankers and lenders trust your internal financial statements?
2. Are your internal financial statements prepared without errors?
3. Does your internal accounting staff understand your financial statements from an accounting, income tax, business and industry perspective?…

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Posted in Banking, Best Business Practices, Cash

Inventory – The Big Cash Drain – Asset or Liability?

Money Going Down The Drain

When working with new clients and/or prospects that sell or carry inventory, I always ask the owner(s) how quickly their inventory turns. Without hesitation, most reply 6 to 8 times per year. Then I ask them how they calculated or arrived at that number. The universal answer is “I just know”.…

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Posted in Best Business Practices, small business

B2B CFO’s “Certified Business Transition Expert” Designation Closes the Gap in Successful Business Sales

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Published: Dec 18, 2014 9:01 a.m. ET

As small business transactions reach record high levels, new certification allows B2B CFO Partners to guide business owners through sale process

MESA, Ariz., Dec 18, 2014 (BUSINESS WIRE) — Small business sales increased again this year, giving strong validation to a trend that B2B CFO Partners have closely followed.…

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Posted in Best Business Practices, Exit Strategies

Why The Competition Isn’t Your Business Enemy

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The author is an Entrepreneur contributor. The opinions expressed are those of the writer.  

About the Author: Jim Joseph is the North American president of New York-based communications agency Cohn & Wolfe, part of the media company WPP Group PLC. He is the author of three books, including the latest, The Personal Experience Effect (Happy About 2013).…

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Posted in Banking, Best Business Practices, Cash, small business
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