There Will Be Enough Paycheck Protection Program Funding For All of Us
April 6, 2020 - Financial Reporting
Last Friday I frantically prepared documentation for as many clients as possible to apply for the new Paycheck Protection Program(PPP)loans that just started accepting applications. I also created an application for my own firm. I felt my anxiety levels rise as the government tweeted how many loans were made while my bank still didn’t have an application up. Could I really miss out?...
Don’t Let Your Business Finances Embarrass You
May 22, 2019 - Virtual CFO
Think your fast-growing...
What a Pizza Parlor Can Teach Us About Business Models
November 6, 2018 - Virtual CFO
I was in Chicago last weekend in search of the best...
Product Pricing Tips For Early Stage Companies
October 9, 2018 - Resource Type
Are you 100% certain your company is charging the right price for its products or services? Every purchase decision ultimately comes down to price. Optimizing your price point will profoundly impact your ability to generate cash....
Good Dashboards Lead to Good Decisions
September 18, 2018 - Financial Reporting
A financial dashboard is an excellent management tool to help executives at fast-growing companies make better decisions. It provides a quick understanding of key financial performance indicators that drive your company’s growth. Effective dashboards have a simple design, are readily accessible, and easily understood. Dashboards are best used regularly so you can detect patterns over time. ...
How To Calculate Customer Acquisition Cost
September 4, 2018 - Resource Type
The cost to acquire a single customer (Customer Acquisition Cost or CAC) is a popular metric used by companies to determine the economic value of a customer. The logic is simple: the lifetime value of a customer (LTV) should exceed the cost to acquire that customer. You need both formulas to understand the results....
What to Provide When Asked For Your Company’s Financials
September 4, 2018 - Resource Type
This is what to provide when a prospective investor or bank asks for your financial statements:...
How To Get Your Company’s First Bank Financing
July 17, 2018 - Virtual CFO
Applying for a business loan from a bank is a daunting process. There is no shortage of offers from banks to lend your company money, however, many hopeful entrepreneurs soon learn how difficult it is to borrow from a commercial bank....
Founders, Stop Building Products and Start Building Businesses
June 19, 2018 - Virtual CFO
I meet many smart, talented startup founders at various events I attend. I love their energy and passion....
What To Budget For Series A Closing Costs
May 8, 2018 - Virtual CFO
I received a fair number of cost inquiries on my recent post about due diligence for raising venture capital. This post has a few thoughts on what those costs are by deal size....