Family Business Finance

Accounting keeps the numbers straight. Finance uses those numbers to create opportunities. In many mid-sized family businesses, one person handles both, and the forward-looking work gets left behind. Here’s how to tell the two apart and strengthen financial leadership in your business.

Discover 5 ways finance and accounting can transcend their “cost center” label and become drivers of profitability.

Join Tom Anderson as he breaks down complex financial concepts into manageable insights for business owners. Learn the essentials of financial management to improve cash flow and enhance your business’s economic sustainability.

In my recent appearance on the “Profit Answer Man” podcast with Rocky Lalvani, I shared insights from my extensive experience in guiding family businesses through economic challenges and strategic transitions. We explored how CFOs and CEOs can improve communication and strategic planning to enhance business value and sustainability.

Effective management reports are key to mastering cost control and driving business success. Discover how these reports offer critical insights, improve decision-making, and enhance internal controls, empowering leaders to steer their businesses toward growth and profitability.

Discover the crucial role of a CFO in driving financial strategy and growth for businesses, including the benefits of fractional CFO services.

The commercial insurance industry has long been a key resource for mitigating business risk – and family businesses have historically benefitted from third-party insurance support. You can’t rely on the same approach as last year with your commercial insurance program and expect it to be effective. You must be vigilant.

Protect your family business by staying up-to-date on changing tax and regulatory requirements that affect your industry and your organization. 2024 brings several significant changes at both federal and state levels – here is a brief overview of what you need to know:

Financial capital is the lifeblood of every family enterprise, just like any other business. And to guarantee the progress and longevity of your family business, it is crucial to maintain healthy financial fundamentals over the longer period of time. Here’s what you need to know.