To gauge and measure an individual’s success in any job, there must be specific and measurable goals and objectives for the position. The chief financial officer (CFO) position is no different. But as the role and responsibilities of CFOs has continued to grow and evolve, it has become more difficult to measure an individual CFO’s Read more about How Do You Measure a CFO’s Success?[…]
Plan for change Each year there are some that review their performance of the last 12 months to better prepare themselves for what they hope and want to achieve in the future. Sometimes tough decisions need to be made that are designed to alter the status quo Read more about Managing changes to your Business[…]
For the past few months I have been working with a wholesale company helping them understand some of the issues impacting their business and coming up with ways of making things better. My role is one of Virtual CFO, a part time resource brought in to help the management team analyse their past performance and Read more about Case Study of a Virtual CFO[…]
Most people think of starting a business as risky, but unless you invest a significant amount of start-up cash in your venture, you’re not really risking much other than your time. That changes if you’re lucky enough to get your business off the ground. As your company grows, you start to risk more and more Read more about Why Now Is the Risky Time for Starting a Business[…]
Borrowing Money Borrowing money to help fund the development or growth of your business is pretty much standard practice today as it has been in the past. That relationship (lending) is often with the bank and is key to the success of any business. The relationship itself is based on good consistent lines of communication. Read more about Keeping onside of your Bank Manager[…]
We get to see a lot of company founders who are contemplating an exit. Some of our customers get lucky early in life, but in the vast majority of examples where a founder is getting a seven- or eight-figure offer, it is not their first rodeo. In fact, most owners have had multiple failures and Read more about The Surprising Secret To A Big Exit[…]
How many business owners complain of not having enough time to plan or strategise. They may want to grow their business, they may still want to make improvements, get bigger, work smarter but they always get dragged back into managing the day to day affairs. It’s tough for small businesses to grow up and develop Read more about Business growth can be a challenge but its still worth pursuing. […]
Loading up your overheads doesn’t always make sense except where the benefits far outweigh the costs. A virtual CFO brings a level of experience and knowledge that is otherwise missing in smaller businesses. They also bring dexterity in terms of the situations they can deal with and challenges they can overcome. To emphasise this dexterity Read more about The many Hats of a Virtual CFO[…]
For small businesses, competing in a local or international market is daunting and not without its many ups and downs. To get ahead and remain there over a sustained period requires discipline, focus and a determination to succeed. Very few owners have all the skills needed to run a business. Those that identify their weaknesses Read more about Running a successful business isn’t just about working hard![…]
Competitive Analysis When was the last time you took the time to check on what your competitors were doing and how they were performing in your market? It’s actually something you should be doing on at least an annual basis. Why? Because competitive analysis is a system for understanding how well your business is Read more about How well do you know your competition?[…]