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...
by Jill Tavey | Nov 18, 2020 | Business Growth, Financial Strategy, General Business
When is the best time to make a new hire? Hiring too late can mean work (and clients) falling through the cracks; hiring too early can mean unnecessarily increasing your expenses. Payroll is one of the largest expenses a company will face, which makes the decision to...
by Jerry Vance | Oct 12, 2020 | Business Growth, Financial Strategy
Business Valuation Methods & Determining What Your Business is Worth Whether you’re preparing for a sale or acquisition, seeking debt or equity financing, or evaluating other strategic business decisions, it’s helpful to have a good pulse on the value...
