As a business founder, it’s easy to fall into the trap of being consumed by day-to-day operations. Often, you lose sight of generating new innovations to propel your business forward. We are here to discuss four common pitfalls that founders face:(1)not delegating, (2)being the perfectionist,(3)assuming everything will stay the same long-term, and(4)succumbing to success bias….
UPDATE: Bill.com has increased some of its fees for 2023. These changes are minor but important to note, so there are no surprises on the first billing statement of the new year. Here’s what you need to know: “We are writing to inform you that the price of your BILL transaction fees will increase starting…
Updated:Apr 28, 2022 One word: Trust PART 6 of 6 Trust is only going to grow in importance as we transition to an online business world. Trust is the currency of business; increasing trust drives better execution of everything. Slow down and do your due diligence when selecting a Fractional CFO Firm. Trust was important…
Updated:Apr 28, 2022 It takes a different DNA PART 5 of 6 Generally, clients of CPA firms are unhappy and looking for better customer service. You can’t just want to change, you must be that change. That means being different! To embrace this work, firms need a totally new set of values and structures. Client…
Updated:Apr 28, 2022 Expectations of the Fractional CFO PART 4 of 6 Future Fractional CFOs take a long-term view. They talk about internal controls, security, organic growth, and roadmaps. What they don’t do is try to be the CEO. A Fractional CFO understands the scope of their role and focuses on the administrative function of…
Updated:Apr 28, 2022 Disruption – not your parents CPA Firm PART 3 of 6 Disruptions are not just for the legacy taxi businesses with Uber or hotels with Airbnb. The CPA profession is being disrupted as well. As with most disruptions, this one also started on the outside. Legacy CPA firms focus almost exclusively on…
Updated:Jun 21, 2023 Leveraging Fractional Services Part 2 of 6 The idea of leveraging outside professionals for your business is not new. Companies bring in experts in several areas to support their core efforts, think Legal, H.R., Marketing. There is also a multitude of management consultants of every flavor that will tell you what you…
Updated:Jun 21, 2023 Why successful businesses fail PART 1 of 6 Successful businesses fail because they run out of cash, period. But why? Simply, they don’t understand their financial business model well enough to navigate the growth in working capital required to grow a business. This is a tragedy. If organizations were to understand this…
Updated:Aug 31, 2020 We know that when we decide to go to Equity Land, we are signing up for the roller coaster ride. Not that a day job is not stressful or lacks some level of importance or value. The point is not to judge one type of employment or work over the other. Entrepreneurship…
Updated:Aug 24, 2020 Roller coasters are fun in limited doses. The problem for some Entrepreneurs is getting off. It is hard for them, myself included, to get off the ride and reset. I have looked for many years on how to do this, but have found no formula and little help in current thought leadership….
Updated:Aug 17, 2020 Equity landis where your equity, or time and money, are 100% on the line every day. Talking to founders, I use analogies like, “get in the pool” or get “wet” to indicate that you have to take risks and be fully committed to accelerating your endeavor to a point at which you…
Updated:Aug 14, 2020 Five years ago, cloud-based tools had been introduced, but they largely lagged their PC installed counterparts. That gap has largely closed for applications used by SMBs. The momentum and enabling investments are clearly in the cloud now. I am sure others could compile a list of cloud-based applications in these same areas,…
Updated:Aug 14, 2020 Corporate Life Cycles – Ichak Adizes Extreme Ownership – Jocko Willink and Leif Babin The Goal – Eliyahu M. Goldratt Good to Great, Built to Last – Jim Collins, Jim Collins and Jerry I. Porras