by Eric Dorfman | Oct 10, 2021 | Business Growth, Cash Flow, Financial Strategy, General Business, Inventory Strategy
For many businesses, product inventory is their biggest asset. Effectively managing the inflow, storage, and outflow of inventory is critical to the financial success of the company. When inventory management is done right, customers can place orders with confidence,...
by Wes Anderson | Jun 7, 2021 | Business Growth, Fundraising, Raising Capital
Due diligence is the evaluation process used to inform decisions about business opportunities, such as a merger, acquisition, privatization, investment, or other financial transaction. During due diligence, the interested party will request documents, explanations,...
by Jerry Vance | Jan 8, 2021 | Business Growth, Financial Strategy, General Business
An axiom in business is that CEOs and founders must “know what they don’t know.” It’s rare that a CEO or founder has expertise in all arms of the business. Instead, they must rely on identifying their weaknesses and make strategic adjustments—usually by hiring someone...
by Jerry Vance | Jan 6, 2021 | Business Growth, COVID-19, Financial Strategy, General Business, Tech/SaaS
The year 2020 has impacted businesses of all kinds in extraordinary ways, leading some to stunning windfall profits and others to utter ruin. This is especially true in the case of software-as-a-service (SaaS) companies. For instance, Covid-19 restrictions have kept...
by Loren Anderson | Dec 28, 2020 | Business Growth, Cash Flow, Financial Forecasting, Financial Strategy, Financial Systems
Preferred CFO has worked with hundreds of businesses from startups and small businesses to medium-sized businesses or businesses looking to fundraise. While many of these are companies experiencing high levels of growth, many are not yet in a position to afford or...
by Jerry Vance | Dec 13, 2020 | About, Business Growth, Financial Strategy
2020 was This year, resolve to take control of your business finances and use them to help you get what you want out of the new year. Below are five financial strategy tips to help your organization prepare for the new year. Take a Look at Your Financial Forecast If...
