by Michael Flint | Jun 9, 2021 | Financial Forecasting, Financial Strategy, General Business
In order to make confident and effective business decisions, company executives need good data. They need to know how the business has performed in the past, where it stands financially right now, and what its prospects are for the future. They also need to be able to...
by Jerry Vance | Jun 2, 2021 | COVID-19, Finance Knowledge, Financial Forecasting, Financial Strategy, General Business
If there’s one thing we learned in 2020, it’s that change can happen—and it can come quickly, fiercely, and unexpectedly. In 2020, businesses were met with challenges they could never have predicted, and many had to shut their doors for good. Still others were...
by Jill Tavey | Mar 12, 2021 | Finance Knowledge, Financial Forecasting, Financial Strategy, General Business
For businesses that are inventory-supported, such as retail, resale, or manufacturing businesses, strategic vendor contracts can greatly enhance your profitability and cash flow. For some companies, vendor contracts are a set-it-and-forget-it portion of the business....
by Loren Anderson | Dec 28, 2020 | Business Growth, Cash Flow, Financial Forecasting, Financial Strategy, Financial Systems
Preferred CFO has worked with hundreds of businesses from startups and small businesses to medium-sized businesses or businesses looking to fundraise. While many of these are companies experiencing high levels of growth, many are not yet in a position to afford or...
by Shawn Capistrano | Jul 24, 2020 | Business Growth, Financial Forecasting, Financial Strategy, Financial Systems, General Business
One Big Budgeting Mistake You’re Probably Making A budget-first mindset not only wastes time and resources but also often results in an unrealistic and/or inaccurate budget. It’s a time-old Q4 tradition—lengthy planning cycles consisting of sitting down to tap out a...
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...
