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There Will Be Enough Paycheck Protection Program Funding For All of Us

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?...
Key CARES Act Loan Program Started Accepting Applications Today

Key CARES Act Loan Program Started Accepting Applications Today

April 3, 2020 - Virtual CFO

Information in this post is written for business owners of companies up to $20M annual revenue and up to 100 employees....
Don’t Let Your Business Finances Embarrass You

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

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

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

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

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

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

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

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

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....