Month: March 2014

What a CFO Taught My Startup About Projections

BY ADINA GRIGORE Editor’s Note: The Grind is a weekly column that asks a revolving cast of young founders to take us through the daily rigors of running a business, as well as offer up advice on how they achieved milestones or overcame challenges. Follow The Grind on Twitter with the hashtag#ENTGrind. Image credit: Shutterstock   Projections are… Read more »

When to Hire a Bookkeeper or Accountant

BY EILEEN P. GUNN Entrepreneurs thrive on a DIY mentality: Do everything you can yourself and don’t pay for anything new until you have absolutely have to. It’s especially difficult to justify hiring financial help like a bookkeeper. With user-friendly software such as QuickBooks available, many business owners feel they should be able to do keep… Read more »

Overcoming Barriers to Cash Optimisation

By Daniel Verbruggen The commercial world is evolving. New regulations – crafted in the wake of the 2008 global financial crisis – are forcing companies to re-assess the way their businesses are funded and risks managed, while broader market forces are re-shaping where and how they invest. Dealing with such changes is a tall order,… Read more »

How Much Is Your Business Worth?

Do you know how much your business is worth? Most small business owners don’t—making it impossible to plan their exit strategies. George S. May International, the Park Ridge, Ill.-based consulting firm, surveyed 921 small business owners and found 58 percent haven’t had a formal valuation done within the last year and aren’t anticipating one in… Read more »

How to Choose an Exit Strategy

The most successful exits require considerable planning. The sooner you start, the more rewarding your eventual exit is likely to be. In fact, you already may have started planning without even realizing it. Many of the steps involved — including creating an independent board, upgrading financial reporting systems and controls, exploring growth through internal operations, and… Read more »