
CFO Simplified Blog
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Key topics covered are Finance, Cash Flow, Cash management, operations, CFO news, and more. CFO Simplified offers an unparalleled industry CFO experience. CFO's executive team has the experience you need to take your company to the next level !
CFO Simplified Blog
3w ago
The new year is here! As a business owner, there is a lot to evaluate and prepare for 2025. Many business owners felt the squeeze of a tight 2024 and if that was the case for you, naturally the goal is to avoid a repeat that year. A crucial component to revitalizing your business in […]
The post Kickstart Your Business for a Strong 2025 appeared first on CFO Simplified ..read more
CFO Simplified Blog
2M ago
There are many elements involved in developing and manufacturing products for a customer. Most of a company’s concentrated efforts go to the creation of what they’re going to sell, and with good reason. Because that IS the only purpose of any company: product development. If you don’t have something to sell, you’re not in business. […]
The post Holiday Logistics appeared first on CFO Simplified ..read more
CFO Simplified Blog
3M ago
Don’t Tell me what I need for my Business! We not only think about what we want our companies to be, but we have an image of what our companies are and the issues that they face. Sometimes they are based in things that we experience every day, but sometimes these are rooted in our […]
The post Don’t Tell me what I need for my Business! appeared first on CFO Simplified ..read more
CFO Simplified Blog
3M ago
Don’t Tell me what I need for my Business! We not only think about what we want our companies to be, but we have an image of what our companies are and the issues that they face. Sometimes they are based in things that we experience every day, but sometimes these are rooted in our […]
The post Don’t Tell me what I need for my Business! appeared first on CFO Simplified ..read more
CFO Simplified Blog
3M ago
Understanding and Mitigating Business Risks: Lessons from Hurricane Helene The financial devastation caused by Hurricane Helene in 2024, which led to $160 billion in economic losses, offers crucial insights into how business owners should think about risk management and preparedness. While natural disasters like hurricanes are region-specific, the types of risks and business vulnerabilities exposed […]
The post Understanding and Managing Business Risks: Lessons from Hurricane Helene appeared first on CFO Simplified ..read more
CFO Simplified Blog
10M ago
Every business owner knows that one of their biggest assets is Inventory. But if your business doesn’t have shelves in a warehouse filled with products for sale, you might think that you don’t need to worry about all of the issues and problems that go along with managing, protecting and selling that inventory. Actually, there are different kinds of inventory, and as a result, every business has inventory. Trust me. It doesn’t matter if you’re a manufacturer, a restaurant, or a law firm. Each one of these organizations has inventory, but they’re all different, and need to be managed differently ..read more
CFO Simplified Blog
11M ago
Every business ends up short of cash from time to time. But there’s short of cash, and then there’s SHORT OF CASH. In the first case, you’re going to have to wait a few months to buy that new production machine. In the second, you need to figure out some way of covering payroll on Friday. No one needs, or likes that kind of “short.”
DOWNLOAD THE CASH FLOW SOLUTIONS DO’S AND DONT’S
So, if you are so short of cash that you can’t cover payroll, what can you do to jump that gap, to allow you to get over the hump? Here are twelve things you can do to take the pressure off:
If you’re borrowing from ..read more
CFO Simplified Blog
1y ago
As we’ve worked increasingly with law firms over the past few years, there are a number of commonalities that we’ve found with many of the firms that we’ve met and have worked with. Lawyers are really good at taking care of their clients. That’s the bread and butter of their business and biz dev, and it’s understandable. But what’s missing is the “home care” that’s needed to make sure that their firm is running efficiently and profitably. It’s taking care of those things that resolves problems and issues before they become major stumbling blocks. Here are a few of ..read more
CFO Simplified Blog
1y ago
All companies face the challenge of attracting and retaining good talent and appealing to an employee population that is diverse in what it wants and needs. Taking a thoughtful approach to total compensation ensures that money and resources will be well-spent, well-received, externally competitive, and internally equitable. Below are some key guideposts for building a total rewards approach that addresses the following key elements:
Total Rewards Philosophy and Strategy
Base Salary
Incentives
Health and Welfare Benefits
Retirement Benefits
Training and Development
Culture
Let’s take a minute ..read more
CFO Simplified Blog
1y ago
Effective January 1, 2024, the Corporate Transparency Act (CTA) requires approximately 32 million existing corporations, limited liability companies, and other business entities formed or registered to do business in the United States, as well as many of the approximately 5 million such entities newly formed each year, to electronically file a beneficial ownership information report (BOI Report) with the US Department of Treasury’s Financial Crime Enforcement Network (FinCEN). Most businesses will be required to file an initial BOI Report.
The CTA and the disclosure obligations it imposes upon ..read more