Category Archives: Blog

6 Ways Restaurants Can Avoid Unnecessary Credit Card Processing Costs

The pressures on restaurant owners and managers are relentless. New competition. Shifting economic conditions. Changing tastes. All kinds of constantly evolving business considerations make it easy to get caught up worrying about things like customer service and turnover while revenue and profits slip away. In fact, when we provide CFO consulting services to restaurants, we …

Why a Strategic, Not Reactive, Recruiting Approach Works for Us and Can Benefit You in 2017

In life and in work, strategic planning and preparation can go a long way. As a provider of recruitment services for a variety of client types, my team and I serve a range of diverse placement needs throughout the year at vcfo. While last-minute recruiting is sometimes necessary, we urge clients to develop a flexible …

The Importance of Value Interpretation During a Sale

A cursory view of the stock market would have you believe that a company’s value is a singular metric. A stock is trading for $100 and is, therefore, worth its stock price multiplied by the number of outstanding shares. But, there is more at play than meets the eye here. That $100 stock price is …

SaaS Key Performance Indicators (KPIs) for Fast-growth Companies in Healthcare

Did you know that the healthcare industry brings in $1.68 trillion in revenue annually? As a profitable industry, many companies want to break into this market segment through innovative new solutions. However, ensuring the business is performing effectively and profitably is imperative to its long-term success. If you offer Software as a Service (SaaS) applications …

Build the Best Budget for Your Business

As we begin Q4 and near year-end, businesses should begin preparing for 2017. While many companies may begin aligning its workforce or implementing strategies around technology process improvements, now is the time to dive into budgets. Budgeting and forecasting enables businesses to determine the right process and people improvements based on their individual growth plans, …

How the FLSA Ruling Will Impact Your Business

In a previously published blog, we discussed that by December 1, 2016, all businesses must comply with the changes made to the overtime regulations of the Fair Labor Standards Act (FLSA). According to the rules, an estimated 4.2 million currently exempt employees will now be eligible for overtime pay. With just two months left to go …

Top 5 Challenges for CEOs and Business Owners: Part 2

We have seen CEOs and business owners struggle to meet the challenges to building sustainable value in their companies. These challenges are shown as a progression from low-value at the survival stage to a high value exit plan at the top of the stairs. Challenge #3: Making Consistently Good Decisions All companies’ structures and performances …

Recruiting Millennials

As members of another generation, whether you’re a Baby Boomer or part of Generation X or Y, communicating with the Millennial Generation can oftentimes require methods or tools you don’t normally use. Born between 1982 and 2004, you need different communication tools to connect effectively with this generation. As professionals outside of this generation, we …

Top 5 Challenges for CEOs and Business Owners: Part 1

We have seen CEOs and business owners struggle to meet the challenges to building sustainable value in their companies. These challenges are shown as a progression from low-value at the survival stage to a high-value exit plan at the top of the stairs. Challenge #1: Fighting for Survival Between 2008 and 2011, approximately 11,740 significant …

What you need to know about accounting for Digital Currency

In the past 50 years, we’ve experienced one of the greatest evolutions in the payment industry: the credit card. Enabling people to make purchases and send or receive money digitally, the credit card minimized society’s use of cash and checks. For accountants, this introduced a new way businesses are paid and how they pay their …