“I don’t get it. My accountant tells me I am profitable, and yet I keep losing cash.”
“How did we run out of cash? Now I am going to have to call all my vendors to let them know we can’t pay them this month.”
“Why can’t anyone tell me if I can afford to pay my employees bonuses this year?”
Does any of this sound familiar? You’re not alone! Almost every small business at one point or another has run into unforeseen cash flow issues. The most common mistake is assuming that your net profit provides a basis for your monthly cash flow. We can provide the tools necessary to manage your immediate cash flow requirements and help you to budget years ahead.
Imagine being able to benefit from the knowledge and expertise of a part-time CFO who could look at your business from a strategic financial point of view. Hiring a full-time CFO can be cost-prohibitive, which is why we offer the flexibility of short-term contracts and part-time services that meet your budgetary needs. In addition to accounting services, we also offer budgeting, management reporting, and implementation of financial controls to ensure your cash is being spent prudently.
Beginning an audit unprepared can be a painful process. It can drag on for months and the cost of the bill can easily double or triple if you don’t have all the documentation ready. Having been through many audits in various industries, we can prepare you for a seamless process that will save you time and money.
Do you have high staff turnover? Do you find that your staff are constantly having meetings but very little is being accomplished, and the same topics seem to come up over and over again without resolution? As a business owner, are you still being inundated with too many day-to-day decisions? Sometimes the best way to increase profit is to address the inefficiencies that are costing you more money than they should. Helping you to streamline your operations is just one more way in which we can use our expertise to add value to your company.
Going public presents your business with many advantages and can help you grow your business beyond your wildest dreams. It’s an alluring prospect, but it’s also a complex process that often involves increased paperwork, transparency, compliance and accountability. The most successful businesses are the ones who prepare for this process well in advance. At Vistance we can help you determine if going public is the right strategy for you and we will work closely with you through the process of getting you ready to take this big step.
Most small business owners rely on their instincts when it comes to decisions about new projects and capital investments. Succeeding in getting a business off the ground gives you the confidence to succeed in other areas as well; however, if the process is not executed properly, you risk compromising your existing business. We can provide the tools necessary to diligently evaluate new opportunities, and will ensure you are staffed with the right people, who will give you the greatest chance of success.
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