Reducing Operational Costs
Scratching your head thinking how can my company be more profitable? You’re not alone. Most owners face this constant challenge. Many ideas point to increasing revenues, which are good on their own merits, but when those tactics have all been deployed it’s time to turn to reducing costs. Reducing operational costs is never fun but […]
How Can a Fractional CFO Help with Financial Strategy and Planning?
For businesses focused on driving growth and realizing profits, strategic financial leadership is essential. While full-time CFOs have traditionally been the go-to option for such roles, fractional CFOs offer a flexible, cost-effective alternative. Here’s how a fractional CFO can help with financial strategy and planning. 1. Developing a Comprehensive Financial Plan A strong financial plan […]
Why Hire a Fractional CFO vs. a Full-Time CFO?
Financial leadership is crucial for driving growth, managing risks, and ensuring long-term success. Traditionally, companies have relied on full-time CFOs to fulfill these roles. However, with the rise of fractional CFOs, businesses now have a flexible, cost-effective alternative. Here’s why you might consider hiring a fractional CFO instead of a full-time CFO. 1. Cost Efficiency […]
What to Look for When Choosing a Fractional CFO
In today’s dynamic business landscape, the role of a CFO is more critical than ever. However, not every business can afford or needs a full-time CFO. This is where a Fractional CFO comes in—a flexible, cost-effective solution for strategic financial leadership. Understanding what to look for in a fractional CFO can ensure you find the […]
What Is a Compliance Risk Assessment and How Do You Conduct One?
A Compliance Risk Assessment is like a compass – it directs your business toward more compliant operations, protecting you from penalties, reputational damage, and other adverse effects of non-compliance. What is a Compliance Risk Assessment? A Compliance Risk Assessment is a process that aids in the identification, evaluation, and mitigation of potential risks arising from […]
Working Capital vs. Current Ratio – What Are They?
Working capital and current ratio are financial metrics used to assess your short-term liquidity, but they measure different aspects. Working capital is the difference between a company’s current assets and current liabilities. The current ratio, calculated as current assets divided by current liabilities, measures the company’s ability to pay off its short-term debt with its […]
Expert CFO Guidance for Law Firms: Podcast Interview with Brooke Lively
Enhance your law firm’s profitability and operational efficiency. Join host Ken Hardison on episode 227 of the Grow Your Law Firm Podcast as he delves into a compelling conversation with Brooke Lively where Brooke shares invaluable insights on leveraging data-driven strategies like EOS and scaling up your law firm. Additionally, she sheds light on pivotal […]
Podcast Interview: Building a Sellable Law Firm with Brooke Lively
Join us for an invigorating live interview featuring our founder Brooke Lively, the mastermind behind the best-seller “Exit on Top.” Hosted by Jay Berkowitz, this special episode of Ten Golden Rules Internet Marketing for Law Firms Podcast comes to you from the vibrant halls of the PILMMA conference in New Orleans. In this discussion, Brooke passionately advocates for the creation […]
CapEx vs OpEx: What’s the Difference & Why it Matters?
Capital Expenditure vs Operational Expenditure A business’s ability to understand and manage its finances is crucial for sustainable growth and profitability. This involves gaining a clear grasp of the different types of expenditures involved in running a business: Capital Expenditures (CapEx) and Operational Expenditures (OpEx). Understanding Capital Expenditure Capital expenditure or capital expense, is the […]
Simple Interest vs Compound Interest: What You Need to Know
What is Interest Growth? Understanding how interest works is crucial for businesses looking to manage their finances effectively. Whether you’re borrowing money or investing, the type and quantity of interest applied can significantly impact your financial outcomes. But what is interest and interest growth? Interest is the cost of borrowing money or the return on […]
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