As Canadian small business chartered accountants, we spend a lot of our time worrying along with our client's about their business. Fortunately, often this worry converts into financial success. Unless proper decisions are made however, this success adds to the worry - trying to figure out what to do with these hard-earned savings.
InHouseCFO's Small Business Blog
Tags: Picking a Professional
In reviewing our current business numbers as part time CFO for Canadian small business, we're pleased to see that there seems to be a bit of an uptick in activity by small businesses looking to get their numbers caught up. This is as a result of the introduction of easy to use, available by anyone at any time anywhere software tools for collecting and recording key business numbers. We're crossing our fingers that this trend continues, and here's why.
In this article, we are going to speak only of the outlay costs that you, as a Canadian small business owner should budget for subscriptions to the core tools you require to stay competitive in todays' changed business environment. Be cautioned though, that, as outlined in our article, Big Data, the biggest costs you could be seeing are the value of lost opportunities or, worse yet, lost market share from NOT using these tools.
Over the last 10 or so years, business banking has changed, unfortunately, for small business in Canada, not for the better. In this article I outline the role that banks play in a small business owner's world, and how they should be picked and then managed.
Tags: Picking a Professional
SMB owners are always looking for low hanging fruit ways to beat the competition and increase their income. There’s one area that, as we provide our services as part time CFO for small businesses in Canada, we see is consistently overlooked.
It's now fall, and I know we are all looking for good business oriented books to read during those rainy Sundays when the NFL game is a blowout. I thought I'd take the time to rummage through my Kindle library for a list of books that I thought would help you get both focused and strategic but also thoroughly entertained. As it is with business software choices, the number of business books available is overwhelming, and I found six that I think should be on everyone's list.
Tags: Business Reading
Tags: Cloud Reporting
The CFO role has changed
To be able to answer the question whether you, as the owner of a small business in Canada, "need" a CFO, it's important to note that, like many other aspects of business, digital processing, the use of the Internet to make buying decisions (90% of all buyers now use it for research before buying), online computing ( the Cloud"), and new software applications have permanently altered the way business is being done. In turn, so has the role and the affordability of the CFO for small businesses.