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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

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

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

California: Significant Tax Changes Recently Enacted

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Synopsis:

On November 6, California voters approved propositions that:
•    Temporarily increase personal income and sales and use tax rates;
•    Mandate the previously optional single-sales factor apportionment formula for corporate income tax; and
•    Approved a new gross receipts tax for the City of San Francisco, to take effect in tax year 2014.…

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Posted in Best Business Practices, Cash, small business

Morgan Stanley Smith Barney Announces Alliance with B2B CFO®

People At A Successful Business Meeting

Professional alliance offers more holistic approach for business owners

Morgan Stanley Smith Barney has announced a new national alliance with B2B CFO®, the largest CFO services firm in the United States. This agreement provides an innovative blueprint for a coordinated effort to meet both the corporate and personal wealth management needs of privately held businesses and their owners.…

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Posted in Banking, Cash, small business
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