INSIGHTS & ARTICLES

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RECENT INSIGHTS & ARTICLES

What is a 5 Year Forecast, and Who Needs One?

What is a 5 Year Forecast, and Who Needs One?

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...

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7 Common Cash Flow Issues and How to Solve Them

7 Common Cash Flow Issues and How to Solve Them

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...

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5 Common Pitfalls When Financing Inventory

5 Common Pitfalls When Financing Inventory

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,...

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What is a Virtual CFO?

What is a Virtual CFO?

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...

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Spending Money to Save Money in Business

Spending Money to Save Money in Business

When to Spend Money to Make Money (and When to Not) When it comes to business, most of us live by the axiom that cash is king. We’re stringent with our overhead, careful with our purchases, and strategic with our hires. We also know that there are times you need to...

When Should You Hire a Part-Time Bookkeeper?

When Should You Hire a Part-Time Bookkeeper?

When a company first starts out, the owner is often a Jack-of-All Trades, doing everything from interfacing with clients, developing product, and keeping the books. Although dipping into different disciplines can be exciting, there does come a time when delegation is...

Cash Flow: The Reason 82% of Small Businesses Fail

Cash Flow: The Reason 82% of Small Businesses Fail

Poor cash flow – How to recognize it and how you can make sure it won’t be a problem We know that the majority of small businesses fail within the first five years, but a recent study by U.S. Bank drilled down into the reasons why this occurs. In their study, they...

How Much Does a Fractional CFO Cost?

How Much Does a Fractional CFO Cost?

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...

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