Introduction As your startup company takes off, you may wonder if you will need an extra brain or skills for all financial aspects of your business — and in most cases, the answer is yes. Making your early-stage startup vision a reality and meeting your expansion goals go hand in hand with sound financial management, […]
There is often a confusion in the designations of a CFO vs Finance Director vs Controller. In this article, we look at how these designations and roles are different from each other. The terms CFO, finance director and controller are included in the finance team in the business world. These three positions are a very […]
Introduction Financial expertise is essential when growing your startup. Many small businesses and early-stage companies eventually face the same problem — a lack of financial knowledge or expertise. For startup founders and business owners with little financial expertise, it can be a substantial challenge to record financial data. It can also be hard to evaluate […]
Before diving into the 7 habits of highly effective CFOs, it is critical to understand that contemporary CFOs differ from their traditional counterparts. CFOs are no longer just number crunchers for the company, shooting down innovative ideas and citing budgetary constraints. Their job is now about more than just internal controls, statutory compliance, financial reporting, […]
Introduction Is your startup on track to success and expanding rapidly? Then, you might need assistance managing your overall finances for the business. While you might not be in an excellent position to hire a full-time CFOs (Chief financial officer), you may need to hire a fractional CFO. They’re also known as part-time CFO who […]
Introduction Most startups don’t like the idea of spending a lot of money on hiring accountants and CFOs. But as the business expands and more financial responsibilities pile up – business owners need to hire a CFO. Whether you outsource a virtual CFO or hire a professional one, the success of your business depends on […]
Introduction Whether it’s economic uncertainty, limited budget, or extreme competitiveness, it has become a practical solution for businesses to hire a cost-effective virtual CFO. Amidst economic turmoil and financial challenges, there is no need for small and medium-sized businesses to get an expensive corporate CFO when they can opt for virtual CFO services to run […]
Hiring a Virtual CFO is one of the hottest trends in the world of startups. A virtual CFO is a professional who provides financial management and strategic planning services on a part-time basis. Usually, businesses that either doesn’t require a full-time CFO or can’t afford a full-time CFO choose virtual CFOs. Virtual CFOs are typically […]
Introduction Today, it takes focused efforts for businesses to drive long-term growth and maintain a consistent revenue stream. Most organizations run into issues when trying to grow their businesses. After hitting a certain growth threshold, businesses need a professional CFO. But most startups and small businesses cannot afford to hire an in-house CFO. In fact, […]
Raising Capital for a Start-up Running out of cash is the most common reason why start-ups fail. Therefore, raising capital is always top on the agenda for any start-up co-founder, especially in its early stages. A typical start-up funding process looks like this: Shareholder agreements usually take weeks to execute. This involves engaging lawyers, sharing […]