How Does Goodwill Affect the Valuation of a Business?
Goodwill is an intangible asset that plays a big role when assessing the value of a business, especially during acquisitions. It represents the premium a buyer pays beyond the value of tangible assets, which can include everything from brand reputation to customer loyalty. Think of it like the “extra” value a company brings that isn’t […]
Why are Mergers and Acquisitions Important?
Mergers and acquisitions (M&A) play a pivotal role in the growth and strategic development of companies. These transactions are essential strategies for companies aiming to enhance their market position, diversify their offerings, and achieve operational efficiencies. M&A activities provide a means to adapt, innovate, and expand. I’ve helped many businesses navigate their M&As, and this […]
CFO vs. CAO: What’s the Difference?
Two of the most critical financial officer positions are the Chief Accounting Officer (CAO) and the Chief Financial Officer (CFO). At first glance, they may seem like different ways to describe the same role. However, they each have distinct responsibilities that contribute to an organization’s financial health. Knowing the difference between a CAO and a […]
Business Valuation vs. Appraisal
Understanding the difference between a business appraisal and a business valuation is essential for business owners facing critical financial decisions. Whether you’re planning to sell your business, secure financing, or resolve legal matters, knowing which method to use can significantly impact the outcome. These two terms are often used interchangeably, but they serve distinct purposes […]
Due Care vs. Due Diligence: What’s the Difference?
Due care and diligence are fundamental to risk management and financial practices. These principles are crucial for any CFO, fractional or otherwise, overseeing an organization’s financial health and compliance. Still, because of their similar names, it’s easy to get the two confused. I put this together to explore the definitions, importance, and applications of due […]
What Do CFOs Do In Startups?
A startup’s Chief Financial Officer (CFO) plays a huge role in the company’s success and sustainability. Unlike CFOs in established firms, startup CFOs must navigate a dynamic and often unpredictable environment, requiring a blend of strategic foresight, financial acumen, and adaptability. They are tasked with managing the company’s finances while simultaneously playing a crucial role […]
When Do You Need a CFO?
Knowing when to hire a Chief Financial Officer (CFO) can be crucial for a business’s success and growth. A CFO plays a huge role in managing a company’s financial health, ensuring accurate financial reporting, and guiding strategic decisions. We’re going to take a look at the key responsibilities of a CFO, indicators that suggest it’s […]
Compliance vs. Risk Management
While risk and compliance management are often discussed together, they serve distinct purposes within an organization. Risk management involves identifying, assessing, and prioritizing risks to minimize the impact of unforeseen events. On the other hand, compliance management ensures that businesses adhere to legal, regulatory, and industry standards to avoid penalties and maintain operational integrity. Both […]
CRO vs. CFO: What’s the Difference?
The Chief Revenue Officer (CRO) and the Chief Financial Officer (CFO) are among the many C-suite executives who are critical to a company’s success and sustainability. Each role plays a distinct yet complementary part in driving a company’s growth and ensuring its financial health. While the CRO focuses on generating revenue through strategic sales and […]
How Much Does it Cost to Hire a Fractional CFO?
Making informed financial decisions is crucial for the success and growth of your company. One of the most significant decisions you’ll face along the way is whether you should hire a full-time CFO or a fractional CFO. Both have benefits, and I wanted to put this blog together to shed light on the costs associated […]