What We Think
Raising Prices to Manage the Impact of Inflation
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.
Summer Reading List for Owners of Small and Mid-sized Businesses
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.
How Can a Fractional CFO Help My Company?
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.
Financial Habits of Highly Successful Companies
Though some of these companies were large publicly traded companies, any company, large or small, can benefit from these ideas on financial habits.
Invest in IT and Increase Your Company’s Value
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.
Does Your Business Need a Budget?
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.
Business Owners: One of the Most Important Decisions You Will Make
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.
When Should I Sell My Business?
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.
Why Are CFO Consultants in High Demand?
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.
Managing Your Private Business as Part of Your Investment Portfolio
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.
Borrowing Money? Investor funding? How much will it cost to fund your company’s growth?
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?
Is your business ready to sell?
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.