Blogs

As your small business grows, it will also encounter new and increasingly complex financial problems. In this day and age, a virtual CFO might just be the answer to your prayers. Let’s take a look at six key reasons why small business owners should outsource CFO services.

Business growth presents a huge challenge for small business owners. Sustainable growth requires careful forethought and preparation; you can’t build a solid house on shaky foundations. It’s easy to get swept up in all the excitement that accompanies business growth, but remember to take the time to prepare and organise your business to ensure that your growth is sustainable. The last thing you want to do is to end up damaging the business you have worked so hard to build. Let’s take a look at how to prepare your small business for sustainable growth.

Cash flow management is one of the most difficult parts of owning a small business. Even if your business is profitable, cash flow problems can make you feel like you’re in a never-ending cycle of feast and famine. If it seems as though money is leaving your business faster than it’s coming in, read on for seven ways to boost your cash flow and escape the financial see-saw ride.

We often hear about technology stealing jobs and making certain industries redundant. However, technology can also greatly enhance and improve your organisation, and drive your profits through the roof. By digitising your small business and using automation to streamline processes, you could see a huge increase in profitability. Here’s how to harness the power of technology and boost those margins.

Before you launch a startup, it’s essential to create a financial roadmap to give your new business a solid base. Of course, there are many factors and variables in place which make this process rather complex. That’s why we’ve broken it down step-by-step and put together this quick and useful guide to financing your startup business. Let’s dive in.

After a period of growth, you may be wondering whether or not it’s time to hire a CFO for your small business. On the one hand, CFOs offer top level financial advice and expertise that can take your business to the next level, but on the other, they are expensive and you may not be ready to commit to an in-house hire. Enter: outsourced CFOs.

Starting a new business venture by yourself is incredibly exciting, but it can be daunting, too – especially when it comes to accounting and taxes. The sooner you begin to learn about accounting, the less likely you are to run into trouble, which is why we’ve put together a basic accounting guide for new sole traders, contractors and freelancers who need a nudge in the right direction.

In business, cash flow is just as important as profit. If your business is a car, then cash is the fuel in your engine; when it runs out, you’ll stop moving. A study by the U.S. Bank found that 82% of failed businesses cited cash flow problems as one of the main reasons behind their collapse. Therefore, it’s essential that you prepare for cash flow problems and understand how to survive a slump.

If we’re being honest, accounting is no small business owner’s favourite task. It is, however, vital that you keep on top of your accounts in order to prevent money leaking out of your company. The following accounting mistakes could mean that your small business is bleeding money and losing profits, without you even knowing about it. Let’s take a look at six small business accounting mistakes to avoid.

Once upon a time, having a quality website for your small business was optional, but that is no longer the case. Your website is a vital part of your marketing strategy. It’s important to create an engaging and informative website, because you want to convert your visitors into paying customers. Encouraging users to stay on your website for longer increases your chances of starting a conversation with them and building a relationship. With that in mind, we’ve put together a list of five ways to keep visitors on your small business website for longer.