2022 Wrapped in a Bow: Set Your New Year Up for Financial Success with Our Top Insights
As 2022 draws to a close, it’s the perfect time to reflect on what went well this year and what you’d like to do differently next year. For many entrepreneurs, that means taking a close look at your finance function so you’ll be prepared to take the next step in your growth journey.
Need inspiration? As you plan for the new year, we invite you to revisit these highlights from our blog for financial tips, insights, and best practices that will set you up for financial success in the new year.
Founders who try to do it all themselves will eventually run out of time, energy, and resources.
Outsourcing steps into that gap by giving you the freedom to focus on your core competencies. Rather than scrambling to do it all yourself, you can focus on scaling your business, serving customers, and pursuing innovative ideas. Here’s how outsourcing helps you drive growth and value as you scale.
Heading into 2023, company leaders must be laser focused on strategic direction, cash flow, and strong budgets and balance sheets no matter what the next year holds. In this post, you’ll learn how outsourcing your finance function helps you build a robust financial strategy that includes effective CFO leadership, excellent data, and a skilled finance team that can execute on key strategies.
Successful CEOS make it a priority to build exceptional teams right from the start because they know those teams are crucial for achieving their vision. Whether you are investing in growth and profitability or developing your M&A strategy, you’ll be relying on your team members to run successful plays. Here’s what you need to know to build a team that can carry your deal across the finish line.
Thinking about selling your business to a private equity firm? Then you’ll need to prepare for some hard work and careful strategy. Deal strategy is changing in light of economic fluctuations, and the work isn’t over after the sale is complete. That’s when the real work begins. In this post, we zero in on what private equity investors expect from your company in terms of financial leadership, cash flow, reporting, and financial systems after the sale.
How do you know when it’s time to invest in new technology tools and platforms? Technology and automation make the most impact when your needs have outgrown your ability to get things done effectively at speed. Greater complexity, higher volumes of work, and increased revenue growth are all turning points that should prompt you to consider which parts of your business need to scale. Here are the steps you’ll need to take to kickstart your digital transformation strategy.
How can you have financial confidence and stability, even during periods of economic uncertainty? It starts with keeping a close eye on your cash. While P&L budgeting helps you remain profitable to ensure a long-term future – and is vital for success – cash-flow forecasting helps you make sure you have the right amount of cash available. It puts you in the driver’s seat to deploy your most precious asset strategically rather than reactively. Here’s why a 13-week cash flow strategy is your best friend during periods of uncertainty and growth.
Ready to Kick Off the New Year with Confidence?
We’re here to help! Our team of leaders and doers come alongside you with the financial leadership, process execution, and technology strategy you need to grow. Contact us today to see how we can help you achieve your goals in 2023!
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