by D. Maykl Muhammad | Aug 27, 2024 | CFO
SUMMARY In competitive markets, businesses can identify growth opportunities by leveraging data-driven insights, innovating around customer pain points, and exploring adjacent markets. Embracing digital transformation, forming strategic partnerships, and focusing on...
by D. Maykl Muhammad | Aug 20, 2024 | CFO
SUMMARY Cash flow forecasting enables small businesses to anticipate and plan for seasonal revenue fluctuations, ensuring financial stability during slow periods. By proactively managing cash flow, businesses can maintain operations smoothly and seize growth...
by D. Maykl Muhammad | Aug 17, 2024 | CFO
SUMMARY Balancing working capital and cash flow is essential for small businesses to maintain liquidity and support sustainable growth. By optimizing key areas like inventory management, accounts receivable, and supplier payment terms, businesses can improve their...
by CFOE Team | Aug 16, 2024 | Small Business News
SUMMARY The recent data breach compromising nearly every American’s Social Security number poses significant risks for business owners, particularly those operating as LLCs, S Corps, or sole proprietors, as it increases the likelihood of identity theft and...
by D. Maykl Muhammad | Aug 14, 2024 | CFO, Nonprofit
SUMMARY Understanding when to engage a CPA versus a Sector Tax Professional is crucial for business success. CPAs provide broad financial services, focusing on compliance, tax preparation, and financial management, but may not always offer growth strategies. Sector...
