Achieving a 360-Degree View of Your Company

• Historical Analysis: Analyze monthly accounting, balance sheet, income statement, and cash flow statement to identify trends, patterns, and areas for improvement.

• Real-Time Monitoring: Use business intelligence (BI) dashboards to monitor key performance indicators (KPIs) and track sales performance, inventory levels, customer satisfaction, and operational inefficiencies.

• Forecasting and Budgeting: Create financial projections to anticipate future revenue, expenses, and cash flow. Use forecasts for growth planning, cash flow management, investment decisions, and contingency planning.

• Strategic Planning: Develop a strategic plan outlining long-term goals, objectives, and strategies. Align historical data, real-time monitoring, and forecasting with strategic plans to ensure informed decisions and operations.

By combining these approaches, business owners can comprehensively understand their financial information, make informed decisions, optimize operations, and confidently plan for the future.

This article discusses how to get the most out of your cash accounts and banking relationship. We’ll cover how to benefit from the current interest rates and other services your bank may offer.

Preparing a projection for the new year is essential. 2023 may present challenges many business owners have not encountered, including rising interest rates, inflation, and a possible recession. This article will help you navigate these challenges and be prepared to take advantage of opportunities that arise.

This article explains how effectively managed Human Resources (“HR”) increases your company’s value. Our goal is to ensure your HR function not only accomplishes the necessary tasks required to run your business but is an investment in the long-term value of your company.

Our previous post addressed raising prices. In this article, we look at how small and mid-sized businesses can reduce costs. Cutting costs is challenging. You grew your company and made decisions to get to where you are and you must re-think some of those decisions to adapt and thrive. You have to make decisions that will affect, sometimes negatively, your employees, your vendors, and your customers. The purpose of this article is to give you a starting point and framework to follow so you can focus on your decisions rather than figuring out how to proceed.

Raising prices to manage inflation’s impact may be necessary for many small and mid-sized businesses. Most owners are understandably hesitant to raise prices. Waiting too long can cause disruptions to cash flow and your bottom line that may be difficult to recover from.

This article provides 5-steps to change your prices proactively.

Popular business book lists typically include motivational, team-building tips on growing your business or autobiographies of successful entrepreneurs. Rarely do I see books about getting your business ready to sell, planning for an exit, financing, or M&A. These topics may not make it on a best sellers list, but in my experience, they are of interest to most business owners.

Throughout most companies’ lifecycle, you will benefit from the experience of a CFO. A Fractional CFO allows you to get the expertise you need when you need it and at a cost that fits your budget.

Though some of these companies were large publicly traded companies, any company, large or small, can benefit from these ideas on financial habits.

This article explains how your IT infrastructure purchases can increase your company’s value. Our goal is to help you make sure your IT expenditures are an investment in your company that leadership teams value and understand.

Budgets are essential for private companies of all sizes, and this article will help you understand why and where to focus your energy when preparing a budget. Doing so will increase your return on investments, improve your decisions, and help you meet your goals.

How you sell your business impacts your financial future, family, and employees. The exit lane you select determines how far you will go towards meeting your personal financial goals. Once you commit to an exit lane, it’s challenging to change course, so plan early and choose wisely.

Timing the market is a risky strategy. It is especially risky for private business owners who don't have time to analyze economic and market data.

The good news is, you don’t need to time the market. You can take steps now to ensure you can exit when the time is right for you.

The Wall Street Journal noted demand for part-time CFO consultants is heating up". This demand is coming from companies across the spectrum of sizes and stages. For many challenges, CFO consultants are often the ideal solution. Technology has opened the door for remote client service. Highpoint CFO is a Tampa-based CFO Consulting firm that serves clients throughout the US.

Owners of a small or medium-sized business need to pay extra attention to how their company impacts their portfolio. By addressing its unique nature as an investment, both their company and portfolio will be more valuable.

Your company is growing. You are doing what it takes to fund the growth, but are you considering the cost of financing? Are you holding large balances on your credit cards rather than seeking a bank line of credit? Are you looking for an investor without having considered an SBA loan?

Are you ready to sell your business? What do you need to keep in mind before moving forward and sell your business? A few quick questions you can ask yourself to know if your business is ready to sell.