Episode 7: What is the best finance/accounting tools for the transition from a small to medium sized business.
By kim@vanreuselventures.com
In Episode 7 of #ASKaCFO James Vanreusel discusses more corporate finance questions focusing this week on finance and accounting tools for small to medium sized business.
My job as a CFO is to pay very close attention to every expense, so adding a new tool for a growing business must meet one of these 3 criteria. Will it put out a fire, can we afford it, and how will it grow my business. In my own business I allow for a 2-3 month trial period…if the problems not solved by that software then expense goes to the chopping block.
Keeping a simple list can help keep all of your tech in one place. Another great practice is every quarter reviewing your subscriptions and making sure they are all beneficial and serving a purpose- otherwise, off they go!
The #1 Key to Creating a Thriving Business takes you through the challenges of growing and scaling your company, from first to last. And you can request your copy here – no hidden fees, no strings.
Whatever stage you’re at in business, you need to be all over the numbers. In posts like this, we aim to offer bite-size food for thought – but in a few hundred words, we can only do so much.
If you’re ready to build your financial muscle, how about a FREE copy of James Vanreusel’s (highly-acclaimed) book for CEOs?