Even though it’s an annual event for every company, planning for the next year often seems like an overwhelming task. To make it more manageable, I’ve mapped out ways to smooth out the top three stumbling blocks businesses face when planning for the coming year.
Many owners feel out of the loop and wonder if they know everything there is to know to optimally pilot their company. To run your business with a forward-looking perspective, there is no substitute for the experience, insight, and expertise of a CFO.
The EOS provides a simplified, yet wholistic, approach to business success that breaks goals down into 90-day increments.
Although a company’s financial situation is my starting point, my work is not just about profitability and cash flow. I care about the business as a whole and, while understanding the sensitivity associated with a client’s money, I want to also be able to speak to issues beyond those that are financial.
As a business owner it’s important to know your numbers. Without them, owners are ill-equipped to make sound financial decisions or confidently chart a course for growth.
To run a financially healthy company, you must know your numbers. This fundamental practice is paramount to understanding your current financial position and how it may impact your future growth objectives.