Finance


Nov

20

2018
Don’t Miss Out on the Long-term Potential of a Budget

Don’t Miss Out on the Long-term Potential of a Budget

Budgeting is crucial in getting you past the first 5 years. If done well, your odds of surviving in the long-term goes up. Budgets are essential for both startups and mature businesses that have been operating for more than 5 years. But having one in a small business could be the key to success, considering their high failure rate. An alarming 82% of small businesses fail...

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Nov

13

2018
Why You Need to Use Electronic Accounting for Budgeting

Why You Need to Use Electronic Accounting for Budgeting

If you’ve been budgeting for a while now, you may have noticed ups and downs in prioritized expenses every month. Rarely do they stay constant nor are they predictable. The best way to track your cash flow is to use electronic accounting. That is keeping digital records of your financial transactions, and using accounting software to process the data. You can use an app, spreadsheets...

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Oct

30

2018
Interim Executive Tips: Beating the Constraints of Budgeting

Interim Executive Tips: Beating the Constraints of Budgeting

Budgeting has a bad reputation among employees. Some view it as tedious, boring and, most notoriously, restrictive. They can be painful for an organization as it places constraints and establishes goals, but the success achieved is well worth it with these interim executive tips. Some employees may feel that budgeting is useless. If you’re being cost-effective, not overspending and being mindful of your expenses, some...

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Oct

18

2018
3 Budgeting Tools for Your Small Business

3 Budgeting Tools for Your Small Business

The different acronyms and financial models in budgeting can intimidate some business owners. But it shouldn’t be that way. There are only three tools you need to be familiar with to understand budgeting. Budgeting can be intimidating. It is only daunting because they don’t understand it. Because of this, entrepreneurs spend less time on financial planning and more on their product and ideas. Not knowing...

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Oct

05

2018
The Art of Budgeting After Strategy

The Art of Budgeting After Strategy

Budgeting is oftentimes the first thing tackled in a business plan when in fact it should be the other way round. Budgeting should come after strategic and marketing planning. People often talk about creating a revision plan in an existing business. They want to make significant changes, remarket their products to customers, and radically transform its structure and operations. But when the process begins, the...

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Sep

30

2018
The Five Business Challenges That Give a CFO Heartburn

The Five Business Challenges That Give a CFO Heartburn

  Being number 2 has its perks. Unfortunately, the stress that comes along with the gig isn’t one of them. Much is expected of today’s chief financial officer. Tough business problems like liquidity and cash flow, finding and retaining good talent or even how to approach selling a company can induce heartburn in the most senior and tenured CFOs. However, their experiences can help other...

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Jul

17

2018
Who Wants More Accountability and Cost Savings? Use Standard Operating Procedures to Document Operations

Who Wants More Accountability and Cost Savings? Use Standard Operating Procedures to Document Operations

How one Interim Executive puts operations under a microscope by creating processes and standard operating procedures to bring accountability and cost savings to companies. At Cerius, one of the top questions we get asked is who are these interim executives? Like paratroopers, they are ready to drop in with a phone call, and are ready to step in and help wherever needed. Creating standard operating...

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Jun

26

2018
4 Budgeting Tips Followed by an Interim CFO

4 Budgeting Tips Followed by an Interim CFO

The key to following a budget is not so much about discipline, but about creating one you can follow in the first place. These 5 budgeting tips used by Interim CFO’s will tell you how to do that. Every good business has a budget, but not all can stick to it. The trick to staying on track is having a realistic budget that has the...

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Jun

18

2018
Challenges that a Finance Organization Run Into

Challenges that a Finance Organization Run Into

In this episode we are joined by interim executive Bill Hegeman. He shared different challenges and signs of trouble to look out for in companies gleaned from his decades of experience in executive positions. Bill gave us a little bit of background on how he became an interim executive in finance organizations: I started at a Fortune 500 company, did all their back office accounting, taxes,...

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Jun

16

2018
The Role of a CFO

The Role of a CFO

Everybody knows who a CEO is and many have heard of a CFO. Yet there is some mystery around what the role of a CFO is outside of financial actions. People who deal with B2B transactions often hear, “I’ll have to run that by my CFO” or “If our CFO doesn’t approve this, we won’t proceed.” The CFO holds one of the most important positions...

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