Fresh Insights

Information created to address your business’s top challenges and concerns, and help you manage your personal finances for greater financial success.

Aug
26
2015
Rolling revenue forecasts lead to greater business budget flexibility.
Budgeting lies at the heart of almost all the financial planning and revenue forecasting activities a business performs. Companies must have a good idea of what their anticipated expenses and revenue will be before they can plan for the future with any degree of certainty. This post outlines a few tips on how to improve your budget and revenue forecasts and the tools you can use to do so.
Aug
20
2015
Growing businesses can benefit from outsourced CFO

It’s not unusual for growing businesses to reach a point where they need a higher level of strategic financial expertise to reach the next level — the kind of expertise offered by a Chief Financial Officer (CFO). But hiring a full-time CFO represents a big financial commitment since he or she will probably command a six-figure compensation package.

Aug
18
2015
Begin planning business succession early.
Most business owners are hard-working, resourceful and independent individuals. After all, these are a few of the traits essential to business success. These also are the traits that can lead small and midsized business owners to put succession planning on the back burner. “I’ve worked hard for decades to build my company and make it successful,” owners often think. This can make it difficult for them to envision the day when they have to hand over the reins of leadership to someone else. Read on to learn how you can move forward with succession planning.
Aug
11
2015
Important lessons when bank loan request denied
Banks are in business to loan money — this is one of the main ways we help businesses grow and prosper and the communities they serve thrive. But small and mid-sized businesses must be able to meet specific criteria and demonstrate a certain degree of financial strength in order for a bank to approve their loan request. This means that there are times when business loan requests are denied. However, a declined loan request isn’t always a bad thing. This post will highlight a few important lessons you can learn if your loan application is denied.

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