by Mikelle Despain | Aug 25, 2020 | Chief Financial Officers, Financial Strategy, General Business
As Preferred CFO performs speaking engagements and advisory with CEOs around the country, one of the topics we’re continually asked to address is how to evaluate the quality of a financial team. Among these is answering the question, “What makes a great CFO?” We’ve...
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 Mikelle Despain | Jun 24, 2020 | Business Growth, Financial Strategy, General Business
Turn on the Headlights: 7 Essential Financial Tools Every CEO Needs to Confidently Accelerate Success & Growth Many businesses make the mistake of believing that financials are all about historical numbers and budgets. However, if these are the financial tools you...
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 | 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...
