Blog
How To Manage a Manufacturing Business
Small and mid-market manufacturing companies face a number of potentially complex issues. Like any manufacturer, strategic mindsets around raw materials, storage, uptime, vendor relationships, labor and distribution are all essential. But unlike larger manufacturers who might be more heavily resourced...
Understanding Change vs Transition: The Most Important Business Challenge
Change in business is inevitable. If we're fortunate we get to assume some control in change. Other times we can feel like we're just at the mercy of change. A company’s ability to change and remain vital depends on its...
When Do You Need a CFO
Yes. You need a CFO. Even if you have a bookkeeper or an accountant, even if you’re a small business or a start-up. You - yes you - need a CFO. Or more accurately, you need a CFO’s perspective. A...
Budgeting Planning For Success
The most important thing you can do when budgeting and planning is collaborate. Many CEOs, CFOs and other business leaders will close the office doors, sit alone at a desk and build a budget or plan. This is literally creating...
Scenario Planning vs Contingency Planning for Not For Profit Organizations
The 2020 Pandemic showed every business and Not For Profit that things can change quickly and unexpectedly. While the shifts in business have often been extreme and extraordinary in this time, it serves as a meaningful reminder of the importance...
Knowing Your Readiness for a Merger or Acquisition
The process of acquiring or selling a business, or merging it with another, is complex and sometimes arduous. While very different processes are involved for a company doing the acquiring vs being acquired, there are some similarities every organization should...
How ERC, PPP & the CARES Act Can Help Your Business
The unique challenges companies have faced with the COVID-19 pandemic have been met with unique opportunities for assistance. The latest round of assistance available, including the extended Employee Retention Credit (ERC) makes it easier for companies to take advantage. In...
How to write business growth plan
Business growth is a little like how athletes move through competitive levels. Professional athletes talk about how games change as players move from amateur to college to professional levels. It's not just skills development that's needed, but an ability to...
Cash Flow Forecast For Startup Business
SAAS (Software As A Service) companies and startups, especially in technology, have a lot of tea leaves to read. In order to attract investors and funding you need to have a strong handle not just on the quality of your...
Alternative Funding: Where To Go When The Bank Says No
Banks choose not to lend for a number of reasons, from uncertainty about your business or industry to discomfort about your solvency. Fortunately there are a number of ways to get alternative funding for your business outside of conventional banking...
How to Reduce Cost in a Manufacturing Company
Manufacturing involves a complex network of materials, labor, sales, distribution and more. Managing your financials for profitability requires a keen understanding of costs, inventory, overhead and more. Two key elements of improving profitability is costing and customer margins. Costing and...
Decoding the Profitability Formula
Profitability shouldn’t be a happy accident, and it’s also not inevitable. Becoming profitable takes planning and proactive thought. For your company to be profitable, it’s essential that, among other practices, your reporting is showing you what you need to see,...
