{"id":534,"date":"2021-05-05T17:08:43","date_gmt":"2021-05-05T17:08:43","guid":{"rendered":"https:\/\/floridacfogroup.com\/?p=534"},"modified":"2022-09-09T14:09:49","modified_gmt":"2022-09-09T14:09:49","slug":"what-is-the-financial-health-of-your-business","status":"publish","type":"post","link":"https:\/\/floridacfogroup.com\/dev\/blog\/what-is-the-financial-health-of-your-business\/","title":{"rendered":"What Is the Financial Health of Your Business?"},"content":{"rendered":"\n<p>As good stewards of our body, we strive to have annual physical exams with our doctors.&nbsp; However, as a business owner, do you think about the financial health of your business?&nbsp; Is it operating efficiently?&nbsp; Are resources properly deployed for maximum effect?&nbsp; Are you being as successful as you could?<\/p>\n\n\n\n<p>As a small business owner, your focus is on the day-to-day or month-to-month ensuring that your customers are serviced and you are growing your business.&nbsp; You know your business and your customers.&nbsp; However, you do not know what you do not know.&nbsp; Imagine that you could increase cash in your bank account simply by changing how you do business.&nbsp; In reality, successful businesses realize that how they do business is just as important as obtaining business.<\/p>\n\n\n\n<p>So, how do you know if your business is financially healthy and poised for success?&nbsp; It is by partnering with a Chief Financial Officer (CFO) who will bring critical insights and analysis, along with operational finance experience. If you look at successful businesses, you will usually find that there was a strong financial person that partnered with the owner\/management. A CFO has an unique ability to dive into the details of the business: and at the same time, go to 40,000 feet to provide overall financial strategy and direction to the business.<\/p>\n\n\n\n<p>A CFO will ensure that you are:<\/p>\n\n\n\n<ul><li>Maximizing cash flow<\/li><li>Understanding your costs and the breakeven point of your business<\/li><li>Improving your business through the diligent management of its cash and credit resources<\/li><li>Developing a strategic plan that will result in the best return<\/li><li>Elevating the value of your business when it comes time to sell<\/li><\/ul>\n\n\n\n<p>You are probably saying to yourself; I cannot afford a full time CFO.&nbsp; The answer is that you cannot afford not to have a CFO.&nbsp; Yes, it is true that a CFO can be expensive, but they need not be full time.&nbsp; Further, a CFO can be utilized on a project basis.&nbsp;<\/p>\n\n\n\n<p><strong>How We Can Help<\/strong><\/p>\n\n\n\n<p>At the Florida CFO Group, our <a href=\"https:\/\/floridacfogroup.com\/cfo-partners\/\">partners<\/a> have a proven track record of assisting owners be successful.&nbsp; Recently, one of our partners was brought into a business and within six months and just before the impact of COVID-19, doubled cash on hand for the business.&nbsp; COVID brought a significant drop in sales; however, the client\u2019s cash on hand tripled without obtaining any financing. &nbsp;<\/p>\n\n\n\n<p><a href=\"https:\/\/floridacfogroup.com\/contact-us\/\">Contact us<\/a> so we can work with you to elevate your business!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As good stewards of our body, we strive to have annual physical exams with our doctors.&nbsp; However, as a business owner, do you think about the financial health of your business?&nbsp; Is it operating efficiently?&nbsp; Are resources properly deployed for maximum effect?&nbsp; Are you being as successful as you could? As a small business owner, [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":536,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","content-type":"","om_disable_all_campaigns":false,"inline_featured_image":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[4],"tags":[],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/floridacfogroup.com\/dev\/wp-json\/wp\/v2\/posts\/534"}],"collection":[{"href":"https:\/\/floridacfogroup.com\/dev\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/floridacfogroup.com\/dev\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/floridacfogroup.com\/dev\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/floridacfogroup.com\/dev\/wp-json\/wp\/v2\/comments?post=534"}],"version-history":[{"count":1,"href":"https:\/\/floridacfogroup.com\/dev\/wp-json\/wp\/v2\/posts\/534\/revisions"}],"predecessor-version":[{"id":535,"href":"https:\/\/floridacfogroup.com\/dev\/wp-json\/wp\/v2\/posts\/534\/revisions\/535"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/floridacfogroup.com\/dev\/wp-json\/wp\/v2\/media\/536"}],"wp:attachment":[{"href":"https:\/\/floridacfogroup.com\/dev\/wp-json\/wp\/v2\/media?parent=534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/floridacfogroup.com\/dev\/wp-json\/wp\/v2\/categories?post=534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/floridacfogroup.com\/dev\/wp-json\/wp\/v2\/tags?post=534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}