There are a lot of advantages to owning and operating a small or mid-sized business. For example, there probably isn’t the level of complexity and bureaucracy in a small or mid-sized firm that you see in a large corporation, which makes it easier to move quickly to take advantage...
There are many situations in which businesses can benefit by hiring an outsourced CFO services provider. In this article, we will delve into how an outsourced CFO can help your business by serving in the role of a Project CFO. The most common scenario in which an outsourced CFO would...
In our recent article, Key Steps to Building a High-Performance Finance Staff, we examined some of the key steps involved in building a strong finance team. While this is critical, it’s equally important that the finance staff be viewed as an integral part of the overall team. The fact...
It’s not uncommon for owners of companies that have survived the startup phase and become a viable operation to exhale and let their guard down a little bit. After all, they’ve made it through what is often the most difficult part of entrepreneurship: Getting a new venture off the...
The do-it-yourself (or DIY) craze has become very popular among many people. Whether it’s tackling home repairs and renovations or working on cars, some folks today have decided they’d rather do things like this themselves than hire someone else to do them. Some people want to save money while...
When seeking to borrow money, raise equity capital, make an acquisition or enter into a joint venture, owners of small and mid-sized businesses often face unexpected hurdles due to the fact that they haven’t kept their business and financial house in order. I have encountered a number of situations...
Buying another business is one way to grow your company. Growth by acquisition can lead to the realization of synergies between the merged businesses as well as rapid, exponential growth that could take years to achieve organically. One of the biggest keys to a successful business acquisition is performing...
Despite low interest rates and an improving economy, many Los Angeles and Southern California small businesses are finding it difficult to obtain financing. An article published late last year in The Wall Street Journal1 pointed out that “the biggest banks in the U.S. are making far fewer loans to...
Owners of small and mid-sized businesses face many daily challenges in running their companies — everything from managing their employees and operations to juggling their finances and keeping the cash flowing. But one challenge that is often overlooked is the challenge of dealing with regulatory surprises that are sprung by...
Properly managing the human resources function is one of the biggest challenges for many Los Angeles and Southern California business owners and entrepreneurs. A business is only as strong as its employees: hiring the right employees and retaining them for the long term is one of the most important...