INSIGHTS & ARTICLES

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RECENT INSIGHTS & ARTICLES

What is Cash Flow and Why Is It So Important?

What is Cash Flow and Why Is It So Important?

What is Cash Flow and Why Is It So Important? Many financiers and business owners will agree that there is one four-letter word that is more important to a company than any other. C-A-S-H. Cash within a business is much like the waves of the ocean. It is...

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5 Roles to Outsource for Your Company

5 Roles to Outsource for Your Company

Companies more than ever are adopting “lean” mindsets with the goal of lowering operational and labor costs while maximizing expertise. The outsourcing model allows companies to hire talent for only the hours needed to fill a particular role or achieve a goal. This...

5 Tips for Hiring a Senior Part-Time CFO

5 Tips for Hiring a Senior Part-Time CFO

How to Hire a Senior Part-Time CFO If your company is looking to elevate your strategy, solve a problem, overcome a challenge, or prepare for a transaction such as raising capital or preparing for an exit, you may be interested in hiring a senior part-time CFO. Senior...

1 Big Budgeting Mistake You’re Probably Making

1 Big Budgeting Mistake You’re Probably Making

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. It’s a time-old Q4 tradition—lengthy planning cycles consisting of sitting down to tap out a...

Financial Forecasting 101: A Complete Guide

Financial Forecasting 101: A Complete Guide

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...