Top 3 Outsourcing Risks & How to Avoid Them
These days, outsourcing has become a common practice for both large corporations and small businesses alike. This is because it allows them access to skilled expertise and flexible staffing options at a more efficient cost, among other things. However, for all its benefits, it doesn’t come without its own risks, and like all business decisions, […]
What Is The Average Hourly Rate For A Virtual Or Outsourced CFO?
Businesses want a competent Chief Financial Officer, called a CFO for short. You want someone who can handle finances and oversee your financial side of the business, as well as persuade potential investors to inject capital into your cash flow in exchange for a reasonable percentage of equity. In some cases, the CFO may add […]
6 Reasons to Outsource Your Accounting Department
“Show me the money” is how the saying goes. Finance and accounting help with that part. You want to show the money, to investors and to your employees. At the same time, you don’t want to spend so much money that an accountant is running the business. This especially applies when you are an entrepreneur […]
The Rockefeller Guide to Accounting (Part 2)
Charting the Course by Figures Making business decisions based strictly on the numbers came easy to Rockefeller, but for most young entrepreneurs, it is a skill that must be refined through practice and discipline. Removing emotion from decision-making in business virtually always results in an outcome most favorable to the success of the business, but […]