The most common problem that many businesses face is how to collect late payments. Late payments are a serious issue for any business, but the impact can be especially devastating for small businesses where cash flow can fluctuate from week to week and month to month.
Investors will take a close look at your financial projections before putting money in your company. That’s why it’s crucial to create financial projections that are appealing to investors, yet realistic to your industry. These four simple tips will help you create financial projections for your business that are both reachable by your startup and enticing to potential investors.
In the past decade a new trend has been closing the gap between the large companies and small and medium enterprise (SME) helping them compete head-to-head without much disadvantage. This trend is hiring a fractional CFO.
Many small business owners choose to maintain their business accounts themselves. However, it's easy to make mistakes even with the best accounting software. CFO Masters explains ten common bookkeeping mistakes and stresses the need to hire a bookkeeper when maintaining the books gets too much for the business owner.
Peer-to-peer lending has revolutionized the world of small business financing, but is it the right choice for you and your company? Like other forms of lending, peer-to-peer financing has some exciting benefits and some potential drawbacks. CFO Masters takes a look at the pros and cons of peer-to-peer lending as experienced by our CFOs, so you can make a wise decision.
The only time some business owners write a business plan is at the start-up phase of their venture. However, business planning doesn't stop once the company has been launched. CFO Masters explains the importance of on-going business plans and ten tips to help business owners plan for growth.
For many startups and small- to mid-sized companies, hiring a full-time CFO is out of reach. Yet understanding where your venture is in terms of financial strategy is key to facilitating growth. So what options do you have? The first is to hire a part-time, or fractional CFO. The second, to bring on an interim, or temporary CFO. So what’s the difference?
Did you know businesses that plan, and then track their performance against their plan, grow up to 30% faster than those that don’t?
There are many reasons why small and mid-sized businesses (SME) can successfully compete in their industries with larger competitors, but there are perhaps even more reasons why they cannot.
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