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Larry Chester, President of CFO Simplified, has served as a CFO for 25 years to help companies eliminate losses and improve financial operations and reporting.
His experience considered, Larry has had the opportunity to observe various businesses and entrepreneurs who started their own companies. In addition to countless other things, Larry has interestingly learned why people start businesses. In fact, he believes there are three reasons why people start businesses.
#1: They start a business because they have a passion for a product and want to get it out to a customer base.
#2: They have a passion for a customer base and they want to serve that customer with whatever they need.
#3: They have a passion or an understanding of a channel of distribution and they want to exploit that to make money.
Business, however, is a numbers game-and unless you can understand what the numbers are telling you, you’re in deep trouble.
Understanding the numbers behind your business doesn’t have to be as painful as pulling teeth. This is why many companies hire a fractional or part-time CFO to help.
Get in touch with our team at CFO Simplified today if you’d like to start understanding or get a better understanding of your business’ numbers.
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15 сен 2024
