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How to Start A Business (Part One)

How to Start A Business (Part One)

Proper Steps for Months 1 to 3: Nurture Your Baby Business With Strong Financial Roots.This is the start of a three-part series on how to properly start up a new business with strong financial roots. I get this question a lot: What am I supposed to do? Starting up a...

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Sales vs Revenue: Know The Difference?

Sales vs Revenue: Know The Difference?

Understanding The Difference Is Key To Understanding Your Growth.Did you know that "Sales" and "Revenue" are two different concepts? You should know this important distinction when reading your Income Statement. "Sales" represents the products / services that were...

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You Need A Loan

You Need A Loan

Start thinking about getting a loan before your cash runs dry.It's no secret...cash is KING when it comes to business. You can have the best product in the world, and you can be selling your services by the millions. But if you don't have the cash to pay your ongoing...

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Looking Back, Moving Forward: See How We’ve Grown!

Looking Back, Moving Forward: See How We’ve Grown!

Can you believe that 2018 is almost over?! I feel like it was just yesterday that we were saying goodbye to 2017 and ringing in this new year. They say that time flies when you’re having fun…and boy did CFO Services Group have fun this year! I can’t believe how much...

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Don’t Skimp on Sales and Marketing

Don’t Skimp on Sales and Marketing

You Can't Cut Your Way To Profitability.If a business wants to increase its profits, it needs to do one of two things - increase its revenues or cut its costs. It sounds like a no-brainer, but I am often surprised by how many people only remember the second option...

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It’s Not Too Soon! Set Your Goals For Next Year

It’s Not Too Soon! Set Your Goals For Next Year

Focus On Setting Goals For Your Top-Line Revenue And The Pathway To Achieving Your Overall Goals Will Unfold.As we wrap up 2018 and look to 2019, our minds inevitably wander towards goal setting and the quintessential New Year's Resolution. I love doing goal setting,...

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Do You Have A License To Do Business?

Do You Have A License To Do Business?

Be Sure To Have A Valid Business License With Your City, Or You Could Land In Hot Water.As business owners, we have a lot on our minds. Generate sales, produce a product, take care of customers, manage employees, and keep the competitors at bay. We often forget about...

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Uncover Your Hidden Costs

Uncover Your Hidden Costs

Consider All The Costs Of Producing Your Product Or You Could End Up In Trouble.How much does it truly cost to produce your product (or service)? Such a seemingly simple question can often become a complex exercise for small business owners. And the consequences of...

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Are You Charging Enough?

Are You Charging Enough?

Don't Guess When it Comes To Pricing Your Products.Pricing your product and/or services can be one of the most challenging...and important...tasks that a small business owner does. Get the pricing right, and you can sail your company into financial success. Get the...

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You Need A Buy-Sell Agreement

You Need A Buy-Sell Agreement

If you have a business partner, then a Buy-Sell Agreement is a Must-Have.As human beings, we don't like to think of ourselves as mortal beings, capable of one day leaving this planet. The subject of death and dying can be quite taboo in some circles. But alas, as the...

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How To Properly Give A Year-End Bonus

How To Properly Give A Year-End Bonus

Know the rules to ensure you don’t overpay taxes.It’s been a great year, and your employees have worked hard. You decide to reward them with a small bonus as a token of your appreciation. But did you know that there are two ways in which a bonus can be given? Before...

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New Payroll Tax Is Coming

New Payroll Tax Is Coming

 DC is getting a new payroll tax...Are you ready?Do you have employees in Washington, DC? Then these new changes will affect your business and leave policy. The DC Universal Paid Leave Amendment Act passed in February 2017. This bill will provide employees with up to...

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Collect On Past Due Invoices

Collect On Past Due Invoices

Convert Your Invoices Into Cash By Following These Tips.You've worked hard to sell your products and perform your services for your customers. You send an invoice...and then hear crickets. The most important part of your job is not done yet - collecting on your...

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Secure Credit To Cover Payroll

Secure Credit To Cover Payroll

 A simple credit card can keep your employees paid...and happy.It's almost the 15th of the month, and payroll is due next week. But you don't have enough cash to cover it. What are you going to do? Don't panic! This scenario is common among small business owners. The...

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The Fun Side of Accounting

The Fun Side of Accounting

CFO Services Group Offers Something Different For You This MonthIn July 2018, CFO Services Group CEO Manny Cosme was a guest on Business Insight Lab’s podcast. Each week on the podcast, Adam from Adam Lowe Creative, LLC interviews a business leader to gather and share...

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