Dec 2, 2019 | Virtual CFO
When entrepreneurs are looking at their financial information in order to help them make business decisions itís a spiritual CFO, business owners should look at their balance sheet first instead of looking straight at their income statement. The reason for that is...
Dec 2, 2019 | Virtual CFO
There are several reasons why business owners should understand how to review balance sheets says virtual CFO. The reason is because this is how business owners are going to be making financial decisions during the year in their business, and they should be ensuring...
Dec 2, 2019 | Virtual CFO
Often, business owners need to be able to make financial decisions in their business prior to receiving their fiscal year end financial statements says virtual CFO. Because of that, business owners need to be able to understand how to read their financial reports such...
Dec 2, 2019 | Virtual CFO
Entrepreneurs need to be able to make critical financial decisions based on their financial documents such as balance sheets and income statements says virtual CFO. The reason is, business owners can always wait there are and financial statements back in order to make...
Oct 21, 2019 | Virtual CFO
Business owners often have a poor understanding of why they may be making money in their business, but they have no money in their bank account and a running out of cash says virtual CFO. Running out of cash is one of the main reasons that businesses are failing in...
Oct 21, 2019 | Virtual CFO
Entrepreneurs often donít have a clear understanding of why their business is making money, while they are running out of cash says virtual CFO. 50% of all businesses close their doors to their business within five years, and 29% of those failed businesses will cite...
