From the CEO
Many companies are experiencing decreasing profit margins as a result of higher expenses and higher labor costs, which will eventually lead to losses.
CFO services can help construction businesses proactively manage industry pain points to maintain a strong financial position and foster stability and growth.
The CFO is in charge of creating the systems, procedures, and structure of the financial department, while the controller executes those procedures and systems.
CFOs come from a variety of educational backgrounds, most often finance, accounting, or business. One that is often undervalued is a background in economics.
Cash is the lifeblood of a business, and keeps it afloat. Good decisions about spending and earning revenue in the short term lead to success in the long term.
Financial controls are systems a company sets up to ensure the accuracy of its finances. Financial controls prevent financial errors, fraud, and inefficiencies.
Some business funding sources require equity in return for capital. It’s important to consider the balance between growth opportunities & protecting your equity.
The four main funding sources for businesses are bank loans, venture capitalists, angel investors, and self-funding. Each comes with pros and cons to consider.
Outsourcing and AI can be good tools to utilize in your business. However, it’s still important to have highly skilled financial oversight for a few reasons.
info@sentinelfinancegroup.com
+1 (913) 730-0468
