As the head of an accounting firm, I talk a lot of about KPI’s in my day-to-day dealings with clients. But I meet a lot of clients who are just really gearing up for growth and financing who tell me stories about having to google what a KPI “Key Performance Indicator” even is. So this blog is all about KPI’s. KPI’s are great but there is no reason to track them if you are not going to use them. It is like having a mountain bike that sits there taking up space. If you want to get in shape you have [...]
I work with a variety of clients, who may have great bookkeepers, but their operations grow beyond that of basic bookkeeping. If you have a fast-growing business or have large aspirations, there are five main reasons you should consider having a part-time CFO. Keep fixed costs low - cash flow is always an issue for every start-up or small business. Hiring a part-time CFO allows you to keep your costs low and scale your services as you scale your business. Not only will you save on the salary (including source deductions and benefits) of a full time CFO but you also save [...]
A quick 4 minute strategy exercise for your small business. It goes quick so be sure to have a fast pen handy. I have included a print out here please print before starting the video: Blog 17 The 4 Minute Strategy Exercise Good luck! https://youtu.be/yorc43zncx0 Virtual Heights Accounting is a CPA and Business Coaching firm. We provide business coaching consulting services to small and medium sized businesses. We focus on strategy and process automation. To learn more about our business coaching services contact Alissa Bryden, CPA, CA, MPAcc, BComm directly at email@example.com.
A business plan is a written document that explains what the business is, how it operates, what it’s goals are and how it plans to achieve those goals. Many think that only those seeking financing need a business plan. They consider the business plan a necessity for the bank – that’s it. They could not be more wrong and here are five reasons why. 1) Benchmarking – A good business plan identifies what are called Key Performance Indicators (KPI’s) for the business. A business can then use these KPI’s to measure its success moving forward. This can help when you are looking at specific [...]