The Financial Intelligence Guide

Have you heard the following myths regarding accounting and finances?

Do you wonder how your business is doing this year, but you are behind in your bookkeeping? Are you overwhelmed with organizing your business finances? Here are 4 reasons why investing in good bookkeeping can provide you more peace and guidance.

Anyone who has raised a teenager knows they can sometimes be challenging. If you have not raised one, try to remember how you thought and acted at that age. What if the business world acted like a teenager? What would happen? The funny thing is that many of us adults act like this from time to time, so you might find this convicting. I know I did.

8 Ways to Make Your Company More Valuable Have you considered selling your business? Or, are you already set on selling?

Fractional CFO’s have become increasingly important to most small businesses. Almost all businesses have a tax CPA to help them file their tax returns. As companies grow, they typically outsource to a bookkeeping firm or hire an entry-level office manager or accountant. So then why should any business need a fractional CFO? I have found that once a business is over $1-2 million in revenue, it makes sense to hire a fractional CFO, especially if you have these questions.

I am continuing a three-part series on the reason why businesses succeed. If seven out of 10 businesses will not last ten years, what can we do to increase our chances? Check out  Part 1 where we discussed the first three:

Recently on an episode of Shark Tank, four different start-ups were looking for investors and cash. One business made socks that do not easily fall off of children, and another company developed a high-quality charging pad. There was a business that made jewelry out of loved ones or even pets that passed away and another business that sold polo shirts that didn’t wrinkle, fade, or stain. Will all these businesses succeed?  They all seemed like good ideas, but statistically, seven out to 10 businesses fail in 10 years. I found a site that listed 10 ‘Shark Tank’ failures. These failures ranged from legal issues, working relationship challenges with investors, and cash flow challenges.

I read an article recently where Marc Benioff, founder, chairman, and co-CEO of Salesforce, received the following advice from Steve Jobs that was essential to his success.