Finance, News & Personal Business Strategy Blog

Posted on August 19, 2019September 5, 2019

Introduction

Most of us have bought or sold a house and understand that many factors determine the price we pay.

We are attracted by the size of the house, the location, and the proximity to schools, restaurants, and work. We have concerns about the purchase price, a higher mortgage, increased utilities and maintenance costs and what a home inspection might reveal.

It should be no surprise that a business purchaser also has to balance the excitement and ambition of expanding the business with the cost of acquiring it,

Posted on August 6, 2019September 13, 2019

The CFO Centre will provide you with a highly experienced senior CFO with ‘big business experience’ for a fraction of the cost of a full-time CFO. This means you will have:

With all that support and expertise at your fingertips, you will achieve better results, faster. It means you’ll have more confidence and clarity when it comes to decision- making. After all, you’ll have access to expert help and advice whenever you need it.

Posted on July 23, 2019August 30, 2019

Poor cash flow management can cause huge problems for even the most profitable businesses. Until you find and fix the cause of cash flow problems in your business and put systems in place for managing it, your company can be at risk of failure.

For the stark truth is without cash, your business will be unable to meet its payroll obligations, be more likely to default on payments to suppliers and creditors, and in the worse case,

Posted on July 16, 2019July 16, 2019

In this day and age, we rely on the Internet for its convenience, such as online shopping or banking. Although the Internet solves various pain points in our lives, it also comes with its dangers, such as cybercriminals who try to exploit users online. One of these cyber attacks is known as “phishing” – below is more information about this issue and how you can identify and protect yourself from phishing:

Posted on July 11, 2019September 3, 2019

Are you looking to hire a CFO that will oversee the financial side of your business?

As you start to consider what to look for in a CFO and who would be the best fit for your business, your first instinct might be to interview full-time candidates only. However, you’ll be missing out on the many benefits that qualified, part-time CFOs bring to the table.

The Benefits of Hiring a Part-Time CFO

Posted on May 23, 2019July 17, 2019

In our previous article, we have highlighted the importance of creating a business plan. In this article, we will focus on the key elements of a business plan, the sections it should contain and how a part-time CFO can help you to create your business plan and implement it.

The key elements of a business plan

The most important part of your business plan is its financial information. Your financial forecasts should include your cash flow predictions for the next 12 months or more.

Posted on May 14, 2019July 12, 2019

Without a comprehensive, up-to-date business plan and an implementation timetable, companies may be missing out on opportunities for growth and not realizing their full potential. A formal plan can be an extremely valuable tool for managing and growing a business, as it allows a company to recognize its strengths and weaknesses. Furthermore, research has shown that SMEs that have a business plan in place are consistently more profitable than those who do not have a business plan.

Posted on February 13, 2019August 1, 2019

Have you ever been so far off the grid – on a wilderness expedition, maybe – that your smartphone doesn’t know where you are? If you click on your “maps” app, your phone just shows you a blue dot, figuratively shrugs its shoulders and says, “You’re on the blue dot. But I have no clue what’s around you, where you’ve been or where you’re going.”

That uncomfortable “lost” feeling applies to more than just wilderness trekking.

Posted on February 7, 2019June 21, 2019

Planning for growth is something every business owner will say they do, but not all business owners will do this effectively and with a focus that will generate profitable growth.

Many businesses plan for growth, but not profitable growth. Some businesses focus on growing sales without a focus on margins while others build infrastructures to support sales and growth that never materialize.

Michael Porter said, “If your goal is anything but profitability – if it’s to be big,

Posted on February 1, 2019July 12, 2019

Well, with 2018 in our rear-view mirror and as we move forward along the 2019 highway, it is a great time to reflect on the past year’s journey. For us at The CFO Centre Canada, the last 12 months have been rich in opportunities to help SMEs thrive as well as our overall growth. Our road was paved with outstanding relationships, both new and growing, from clients to collaborators.

We are pleased to have welcomed several talented individuals to our team.

There's a reason we're the Number 1 provider of part-time CFOs

Call us on 1 800 918 1906

Blog and Latest News.

Heading for a big exit : Why does one company sell for more than another? Part I

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How a part-time CFO can help you to resolve your cash flow problems

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STOP WORRYING ABOUT CASH!

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The Dangers of Phishing: How to Identify and Protect Yourself

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Hiring Best Practices: What to Look for When Hiring a Part-Time CFO

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The importance of a business plan and how to create one – Part II

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The importance of a business plan and how to create one – Part I

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Keys to Profitable Growth – Financial Reporting

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7 Keys to Profitable Growth

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Thank you for a great year, 2018!

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