Tag Archives: strategic planning

How to Determine if You Need New Accounting Software Part Two – Systems Selection

Selecting The Right Accounting Software – Interim CFO

In part one of this series, I identified the considerations you should keep in mind when deciding whether or not your company has outgrown Quickbooks. Part two covers how systems selection is the first big hurdle in a conversion.  Selecting the “wrong” system is not an uncommon mistake and the “right” system may be one of several …

Outsourcing vs. Centralizing vs. Offshoring: Which is Best for your Business?

Outsourcing, Centralizing or Offshoring – Virtual & PT CFO

Looking to streamline your business functions and can’t decide whether you should outsource, centralize or offshore? All three are great options for small business owners looking to increase efficiencies, reduce cost and improve service – so let’s break them down to determine which is the best for your business. Defining the Options When it comes …

The Single BEST Way to Prevent Financial Fraud

The Single BEST Way to Prevent Financial Fraud - vcfo

Financial fraud is a bad scenario for business owners. Beyond the embarrassment or the financial loss, fraud can also result in the termination of a long-term employee. A few factors may put a company at risk; however, the primary cause is a lack of internal controls and oversight. We also find that a lack of …

Top Three Mistakes to Avoid When Growing Your Restaurant Empire

Top 3 Mistakes to Avoid When Growing Your Restaurant Empire - vcfo

I’m sure you’ve heard the statistic that half of all restaurants will close within the first three years of opening. In fact, new and exciting concepts are generally started by a chef or restaurateur, but often not by a business person. The systems for running these operations are virtually non-existent, which isn’t really a problem …

How to Fund Your Business

How to Fund Your Business - vcfo

Options to fund a business range from family and friends to banks to institutional capital and business owners are best served by understanding the advantages and disadvantages of each option before making this decision. Read more below for tips on navigating this process effectively. Overview of the Stages: Even though every company has a timeline, …

Do You Need a CFO?

“Do I need a CFO?” This question pops up casually at almost every lunch or event I attend. And it’s not surprising for CEOs with good controllers and accounting managers to struggle with it. The lines between unique skill sets are blurred in many companies; however the differences are important and should not be overlooked. …

The Best of vcfo Webinars: Expert Training for Your Business

With 2017 still new and full of possibility, we thought it was the perfect time to revisit some of our most helpful webinars from recent years. Whether you need winning ideas for a big upcoming pitch or want to brush up on your budgeting basics before diving into the year’s financial planning, you’ll find valuable …

Top Blogs of 2016

As we kick off the new year, we are remembering our most read blogs from 2016. From compliance to strategy to valuation, we covered a variety of finance, HR and recruiting topics and best practices, realized through our own experiences and takeaways from helping clients address their business needs and concerns. 1. Complexity vs. Simplicity: …

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 …