by Mikelle Despain | 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 Mikelle Despain | May 7, 2020 | Cash Flow, Financial Strategy, Financial Systems, General Business
Managing Business Cash Flow During a Crisis Early in 2020, we were hit with an international crisis that most businesses were not prepared for. As COVID-19 swept through countries, quarantines and stay-at-home orders created economic stress that caused many business...
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 Troy Skabelund | Jan 12, 2020 | Business Growth, Financial Strategy
7 Common Cash Flow Issues & How to Fix Them Cash flow-related issues are one of the most problematic for organizations. A study by Jessica Hagen of U.S. Bank showed that 82% of businesses that failed had some sort of cash flow issue. However, many cash flow issues...
by Troy Skabelund | Jan 8, 2020 | Financial Strategy, Fractional CFO Services, General Business
On September 25, 2019, Troy Skabelund presented a webinar for Navigator Business Solutions to discuss 5 common pitfalls many businesses make when financing inventory. These issues, he explains, are often blind spots to businesses that hold inventory. In this webinar,...
by Mikelle Despain | Dec 27, 2019 | Financial Strategy, Fractional CFO Services, General Business
What is a Virtual CFO? A virtual CFO is an off-site, part-time CFO providing high-level financial strategy services. A virtual CFO will help with financial forecasting, systems optimization & reporting, maximizing profits and shareholder growth, preparing for...
