Is your business ill?

Is your business ill?

Business Advisory, Small Business
When a doctor first examines a patient, they’ll typically check their vital signs. This includes the pulse or heart rate, body temperature, respiration rate, and blood pressure. Taken together, these help indicate the state of the patient’s essential body functions. If any - or all - offer some cause for concern, the doctor can start diagnosing the patient more thoroughly, before suggesting a course of action... And now we’ve arrived at the part where you’re wondering why we’re discussing basic medical practice. Well, this idea of ‘vital signs’ is something that can be comfortably extended to your business. Your company’s financial health should be examined regularly to make sure there are no underlying maladies that will only grow worse if left untreated. Knowing What to Look For These financial ‘vital…
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Don’t Be Afraid to Work Together

Don’t Be Afraid to Work Together

Uncategorized
Owning and operating a small business can be a lonely endeavor. Long days, longer nights, and no-one to talk to when the going gets tough - it can feel isolating and demoralizing. But there is a solution: speak and share with other business owners. Many small business owners actively fear working with other businesses, worried that they may take advantage of them rather than offering guidance and advice. However, the rewards can be terrific. By tapping into your local network of fellow entrepreneurs, you have the opportunity to become more knowledgeable, understanding, and efficient. Why Should I Reach Out? There’s no two ways about it; being a small business owner is stressful. All the responsibility, all the decisions, the planning, strategy, and execution; it all falls squarely at your feet.…
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The many benefits of an outsourced CFO

The many benefits of an outsourced CFO

Business Advisory
As your small business or nonprofit grows, so to does your need for professional assistance. In particular, the financial aspects of a growing organization require a great deal of attention. And while you may not be in a position to bring someone on full-time to take care of this for you at the moment, that doesn’t mean that you shouldn’t look to delegate these tasks to a professional. By outsourcing your financials to a part-time CFO (Chief Financial Officer) you can access “big company” resources without the expense. In this post, we take a look at the benefits of appointing an outsourced CFO. What is a CFO? A CFO is a senior executive who is responsible for the financial affairs of a company or other institution. These responsibilities often include…
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Identifying and Building Core Competencies for Success

Identifying and Building Core Competencies for Success

Business Advisory
By Fred Crooks Core competencies for success are a unique set of skills and abilities that can guide you in your quest to reach your career goals.  Knowing what these competencies are and identifying them within yourself can help you gauge your skillset and create goals for personal and career success. 1. Identify.  Identify your skills and determine which ones are most valuable.  Determining the value of your skills will require knowledge of what the value of the skill is in the workforce (Is it sought after?  Is it rare?), your mastery of the skill, and most importantly, how much you enjoy using that skill.  If you dislike using the skill but you are very good at it, the value changes because you are less motivated to use it, and…
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