by Jerry Vance | Jun 11, 2020 | Cash Flow, COVID-19, Financial Forecasting, Financial Strategy, General Business
We’ve recently seen more and more CPA firms, fractional CFOs, and financial experts advertising 13-week cash flow plans. The messaging behind these offers insinuates that this simple 13-week financial reporting document can help businesses ease the burden of...
by Jerry Vance | May 14, 2020 | Cash Flow, Financial Forecasting, Financial Strategy, General Business
The COVID-19 situation has caused financial stress for many businesses, causing uncertainty and leaving many companies with decreased financial security and revenue. What makes this time especially difficult is that not only are many businesses suffering a cash...
by Jerry Vance | Feb 24, 2020 | Business Growth, Financial Forecasting, Financial Strategy, General Business
If your company is preparing to raise capital or if you are currently writing a business plan, you may be getting ready to build your 5-year financial forecast. It can be intimidating to plan this far into the future—as well as knowing what kind of projections to...
by Mikelle Despain | Sep 23, 2019 | Business Growth, Chief Financial Officers, Financial Forecasting, Financial Strategy, Financial Systems, Fractional CFO Services, General Business
On average, fractional CFO costs $3,000/month to $10,000/month. The most common agreements are between $5,000-$7,000/month for most small- to mid-sized companies. The cost of a fractional CFO depends on the scope of work provided, the size and complexity of the...
by Shawn Capistrano | Dec 13, 2018 | Business Growth, Financial Forecasting, Financial Strategy, Financial Systems, General Business
One Big Budgeting Mistake You’re Probably MakingA budget-first mindset not only wastes time and resources but also often results in an unrealistic and/or inaccurate budget. TALK TO A CFO TODAY It’s a time-old Q4 tradition—lengthy planning cycles consisting of sitting...
by Jerry Vance | Oct 18, 2018 | Financial Forecasting
At Preferred CFO, our tagline is “The Confidence of Knowing.” This stems from our philosophy that the more information an entrepreneur has about his or her business (past, present, and future), the better they can make business decisions that optimize their resources...
