The VenturePack Debrief
Takeaways from an Outsourced CFO
CEOs generally understand why they need high quality finance and accounting support. However, I’m detecting a lot of angst in the actual act of switching service providers. The result is most often to the detriment of the business – not…
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If your accounting is questionable, hiring an outsourced CFO is probably the most expensive bandaid you can buy and it may not necessarily solve the problem. You could be paying an outsourced CFO to analyze bad data. When further insight…
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Many of the CEOs I’ve worked with through the years stop cold at the word “personal guarantee†or feel they should just suck it up and sign. However, not all personal guarantees are created equal. Inability to repay scenarios are…
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We see it all the time with new clients who have outgrown their old school bookkeepers. The wages line on the profit and loss statement (P&L) doesn’t make sense and a payroll liabilities account on the balance sheet keeps growing. Health…
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Overhead rates have historically been used to improve the estimating process at mid-sized companies. However, I think it’s also a very useful tool in the world of startups andsmall business. I’m often asked by business owners, “In my mind, we…
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