Articles
small business,
The Crucial Art of Succession Planning for Family Businesses
Succession planning is a topic that rarely gets the attention it deserves, especially in family-owned businesses. Yet, it’s one of the most critical factors in preserving a company’s legacy and ensuring its survival for future generations.
I was recently a guest on the Action’s Antidotes podcast with Stephen Jaye and we discussed the importance of planning for business transitions, especially as founders or business owners approach retirement, including finding suitable successors and ma…
Is Your Business Prepared for Its Future Without You?
As a fractional CFO with years of experience working alongside family-owned businesses, I’ve witnessed firsthand the challenges entrepreneurs face when preparing for the inevitable transition out of their companies. In my recent podcast interview, we delved into the importance of succession planning, the critical role of mindset shifts, and actionable steps to secure your business legacy.
The Transition Challenge: Letting Go of Control
For many founders, their businesses represent more t…
Boost Efficiency and Cut Costs: How RPA Can Transform Your Business
As a small business owner, you're always looking for ways to optimize operations and stay competitive. One strategy that's gaining traction is Robotic Process Automation (RPA), a technology that uses software bots to automate repetitive and rule-based tasks. These tasks—often monotonous and time-consuming—include interacting with applications, manipulating data, and triggering responses, making them ideal for automation.
So how does RPA work in real life?
Consider a small accounting firm t…
Your Guide to Choosing the Best IT Solutions for Small Businesses
Hey there, small business owners! It’s important to always be on the lookout for efficient ways to keep your operations running smoothly without breaking the bank. One excellent way to do this is by outsourcing your IT needs. But with so many options out there, how do you pick the right IT provider?
Outsourcing your IT needs can be incredibly beneficial for several reasons. First off, it lets you tap into a team of experts without the hefty price tag of full-time hires, cutting costs while …
Why a 13-Week Cash Flow Forecast is Essential for Your Business
If you're a small business owner, understanding your cash flow can feel overwhelming, but it doesn't have to be. Imagine having a clear, detailed snapshot of your company's cash position for the next three months. That's what a 13-week cash flow forecast offers.
This tool helps you see where your money is coming from and where it's going. By outlining expected cash inflows and outflows, it helps you prepare for potential cash shortfalls, preventing financial crises before they happen. With …