Cloud CFO Services
How to Lower Customer Acquisition Cost
Congratulations, you have managed to persuade a customer to purchase your product or service. In fact, you have managed to repeat this action over and over again. But, do you know the true cost to acquiring those customers and have you figured out how to improve that cost?
Clean Up Your Books: Six Bad Bookkeeping Habits to Break Now
New clients frequently ask us how to best organize their neglected books. The truth is, the sooner you clean up your books, the sooner your outsourced accounting team can focus on growth. Growth is awesome, bad bookkeeping habits are not.
Break these six bad bookkeeping habits before you find yourself drowning in disorganization.
Eight Business Lessons Learned from our Q&A with DUDE Products
We’re spilling the beans on one of our clients. These are the takeaway business lessons we gleaned from a recent interview with Brian Wilkin of DUDE Products, including a sneak peek of what’s in store next for the DUDEs.
How Detailed Does My Business Budget Need to Be?
I feel pretty safe saying that most, if not all, entrepreneurs know they need a business budget. Where business owners often get hung up is on just how comprehensive that budget needs to be. We, at Red Granite and ORBA, frequently get asked this exact question by clients: “How detailed does my business budget need to be?” And it’s another one of those “it depends,” kind of answers.
Questions to Ask Your Accountant Before You Expand Your Business
Do You Know When The Time is Right (or Wrong) to Expand Your Business? Think you are ready to expand your business? We often see startups attempt to expand too quickly before they are at the appropriate stage in their growth. To know if you have reached the right phase in the evolution of your […]
The Most Common Signs You Have Outgrown QuickBooks
When is it the Right Time to Say Goodbye to QuickBooks? We often get asked by growing companies whether or not they have outgrown QuickBooks. Let us preface this by saying when we get asked this, the honest answer is—it depends. It depends on your company size, it depends what industry you are in, and […]
Financial Evolution of a Start-Up
From checking it twice to predicting your future, these are the five stages of a start-up’s finances: Stage One: The Lone Wolf Transaction In the beginning of the evolution of a start-up, it is likely that the founder is in a lone wolf scenario. He or she is grinding away to get the business off […]
Three Things You Must Have Before Fishing for VC and Angel Funding
Let us start with a dose of reality. Very few, as in significantly less than 1%, of emerging U.S. businesses successfully secure Venture Capital (VC) funding. According to the National Venture Capital Association, less than 1,500 companies were the beneficiaries of first time VC backing in 2015. While angel funding is more available than VC investments, only about 2.5% of companies that apply successfully attain funding. If you think your company will be one of the lucky few, here are a few things you will need before pitching to VC or angel investors.
The Do’s and Don’ts of Pricing Your Product
Do lower costs to lower prices, but do not forget to overlook value. From freemium to premium, you have to decide what’s right for your company and its product and what fits industry standards. But, there are a few things that are universal no matter which pricing scheme you choose. Read this article, before you launch. Ready to […]
Financial Goals: Going Beyond “Keep Overhead Low”
These are the financial goals for every business that are actually worth making. We know we don’t need to convince you to make financial goals. We’ve all heard the: “don’t spend more than you make,” and “keep overhead low” advice. But those are a little obvious. These five approaches to goal-setting are actually attainable and […]