May 19, 2020 | Virtual CFO
When entrepreneurs start their business, they should already know exactly who their target market is saying virtual CFO. Which means, that they have done the research necessary to understand not only who their ideal unlikely customers are, but where they are...
May 19, 2020 | Virtual CFO
It’s very important for business owners to have a business plan before they open the doors to their business as virtual CFO. Because entrepreneurs that have a plan are going to be 50% more likely to grow their business then business owners who do not. And...
Jan 21, 2020 | Virtual CFO
Industry Canada has said that half of all Canadian entrepreneurs will end up failing, and virtual accountant says that one of the main reasons why entrepreneurs fail is because they run out of money. When the significant way that entrepreneurs can avoid running out of...
Jan 20, 2020 | Virtual CFO
Not only is it very important for an entrepreneur to understand all of the various expenses in their business says virtual CFO, but understanding that, can help an entrepreneur calculate the gross margin in their business which can help them avoid running out of...
Jan 20, 2020 | Virtual CFO
Understanding the difference between general and overhead expenses can help entrepreneurs calculate gross margin in their business says virtual CFO. The reason why this is important is when an entrepreneur understands how much money they are making in their business,...
Jan 20, 2020 | Virtual CFO
Intuit, the makers of QuickBooks did a survey of small business owners, testing them on their financial literacy says virtual CFO. They were asked questions about what balance sheets are, what are accruals and how to improve cash flow. Out of all of the respondents,...
