Key steps in drawing up a budget There are a number of key steps you should follow to make sure your budgets and plans are as realistic and useful as possible. Make time for budgeting If you invest some time in creating a comprehensive and realistic budget it...
Today I continue with the second post in my series on the benefits of planning. In this post I cover what a typical business cycle plan is, benefits of a business plan, and the first steps in creating a budget. A typical business planning cycle Review...
Whether you’ve just started your business or your business has been operational for some time, it's essential to plan and tightly manage its financial performance. Creating a planning process is the most effective way to keep your business and its finances on a path for...
I'm going to keep this post short. Two questions for you. Was your business in any way shut down or limited in operations due to a government mandate in 2020, or Q1 or Q2 of 2021? Do you have employees? If the answer to both...
In this quick video, our Founder and CFO, Tony Fremarek, discusses the importance of reviewing your financial statements. Have you reviewed Q1? How does it measure up to your plan? If you aren't sure where to start, or don't have a plan...
Cash flow. Why is it important to my business? Tony Fremarek discusses the importance of Cash flow management and modeling in your business. Cash flow management is the most important aspect of every business. A healthy cash flow ensures that the business can pay salaries on...
Tony Fremarek of A Fractional CFO and Thomas Herman of CRO Executive RoundTable engage in a discussion around the Right Person for the Right Role. In small to mid-sized businesses, a hiring miss can be detrimental. It is also important to make sure that you...
In today's A Fractional CFO update, Tony Fremarek asks the question are you surrounding yourself with the right people? Have you put metrics in place to judge performance? Have you communicated those metrics and goals with your key team members? Have you put a performance...
Check out today's A Fractional CFO video. Tony Fremarek ask's today "Are you a Student of the Game?". Today's baseball players are really students of the game, they study videos, learn tendencies, and find ways to tweak things to improve batting averages a number of...
In today's video, Tony Fremarek, CFO with A Fractional CFO, discusses the importance of having goals for your business. Where do you want to be in 12/36/60 months? Are you wanting to grow the top line revenue, increase net income, maximize value and get the...