Strategy Archives

The Benefits of Hiring a Fractional CFO for Cannabis Business

A report by the Cannabis Business Times found the top three business related challenges to the industry were competition/declining prices, compliance, and financial management. How do you tackle...

Strategy

The Biden Tax Hikes for Small businesses

Last March, I published an article reviewing the small business impact of the then-leaked Biden Tax Reform proposal. This week House Democrats released their summary proposal to the...

Strategy, Tax Issues

Top 5 Small Business Inflation Strategies

Every day in the news you can read about inflation fears: supply shortages, price increases, stock prices tumbling… And while big papers talk about the NASDAQ and CPI,...

Covid-19, Downturn Management, Small Business, Strategy

How Biden’s tax reforms affect your small business

Information about tax changes the Biden administration is considering leaked yesterday, creating some big headlines in media. “First major tax hike since 1993” according to Bloomberg. As a...

Strategy, Tax Issues

Entrepreneurial lessons from $GME and r/Wallstreetbets

Have you been watching r/Wallstreetbets? At CFOshare, my team is excessively entertained by what’s happening with $GME. The $GME short squeeze was unprecedented in financial history, so what...

Small Business, Strategy

Wall Street Bets, GME, and the risk of a Retail Bro-pocolypse

The circus of wall street seems a far-ways away from most small business concerns – but are you aware of how this stewing financial crisis may affect your...

Downturn Management, Strategy

How to Compare Budget vs Actual

A small business budget is not much use if you do not compare it against actual performance. This classic method of evaluating performance stands as one of the...

Bookkeeping, Small Business, Strategy

How to Create a Business Budget

We all know we should build a budget – after all, a budget is one of the four essential forecasting tools and a cornerstone of financial planning. But...

Management, Small Business, Strategy

Accrual vs Cash Basis Accounting: What Are the Differences?

Let’s all face it – accounting can be difficult to understand, and it’s sometimes as if accountants speak their own language. What exactly does it mean to “write...

Bookkeeping, Management, Strategy

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