CFO Shield Blog

We noticed many clients ask the same questions.  Our blogs are a reflection of frequently asked questions and their answers to issues raised.  We hope this insight will help you address the challenges facing your business.

When many business owners begin their companies, especially for the first time, their vision and foresight often falls short of knowing all the elements that are actually required to run a successful business.  One of the most common forgotten components in drafting a...

Segregation of Duties,

also known as Separation of Duties, is the concept of requiring more than one person to complete a task.  The purpose of this requirement is to help prevent fraud and mistakes, and the practice is a key internal control for any business. In effec...

When hiring someone to take care of your financial portfolio, you must be very diligent with whom you choose. In this blog, we will discuss 6 must-havetraits of your next bookkeeper.

1) Experience: This is not a trait you can take lightly, and will require some thorough...

May 2, 2018

In our last blog, we discussed equity financing as a tool to fund your new venture.  In this blog, we will discuss borrowing money to launch your new enterprise, also known as debt financing.  There are several different debt options we will discuss.

Debt...

Funding a business is very much like gardening.  Plant some money, and if the growing conditions are right and you tend your garden carefully, you will reap more money and yield more fruit.  However, unlike gardening, locating the seeds (dollars) needed to begin your b...

When you operate your own business, maintaining a detailed set of records is essential to managing a thriving business.  The purpose for this recordkeeping is twofold.  You must have accurate, updated records to file your taxes and you must have the ability to monitor...

November 28, 2017

Year end is a busy time of year for finance & accounting staff.  It is that time of the year where we draw a line in the sand and take a gauge on how a business performed over the last 12 months.  Most businesses run their fiscal year in sync with the calendar year, an...

November 8, 2017

“Strategy 101 is about choices—you can't be all things to all people.”  Michael Porter’s advice is key to understanding how your business identifies a target market and develops a solution to meet the identified need.  One of the fundamental parts of any business plan...

September 19, 2017

Credit risk, or the risk of customer payment default, is very important for all businesses, but it can be a matter of success or failure for a small business enterprise.  A small business must manage their credit risk well in order to ensure their business can function...

September 12, 2017

Risk is inherent to every part of a business.  Companies need to take risk in order to grow, become profitable, and contribute to the economy.  Risk management is the practice of identifying, analyzing, understanding, and controlling risk, helping to ensure capital and...

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