Implement Checks and Balances for Transparency & Accountability Bernie Madoff: embezzler, thief and downright cheat. It is now common knowledge how the once trusted and revered Wall Street investment advisor scammed his investors out of at least $50 billion, proving that a friendly face can actually be the face of fraud. While his lies quickly...
Benefits of Outsourced Accounting in San Francisco Leadership in and through the field of accounting marks the difference between companies that are solid and stable versus companies that are unreliable and questionable. Companies whose fiscal foundation is questionable may well jeopardize a start-up’s IPO or acquisition prospects while those companies whose fiscal integrity is solid...
Why Do Startups Outsource Accounting Functions? If you operate a high-growth startup, you’re probably looking to raise venture capital. In this case, your management team needs access to carefully prepared profit and loss statements, balance sheets, and other critical reporting. You need experienced professionals with the knowledge and know-how to help you choose a quality...
Addressing Disparities and Embracing Inclusivity Are Key! Hybrid work describes a workplace where some people work from the office while others work from home. In many cases, individuals will split their time between the office and remote work scenarios. There are pros and cons to this approach—companies save money on overhead costs and employees gain...
Value of Knowing Where You’re Going, Value of Maintaining Flexibility A road map works hand in hand with your business plan but gives you the flexibility to make quick adjustments in a less cumbersome way. Roadmaps are visual and smart leaders employ them to maintain their agility rather than lock the company into an intractable...
Importance of Budgeting and Financial Planning in Small Business Start-ups
June 7, 2022by Ravix Group
When you start a new business, chances are you have to borrow money to get off the ground. In the earliest stages, you need to know your numbers cold. However, spending all your time in financial planning and analysis keeps your leadership team bogged down in details. Consequently, these tasks, though essential, are sometimes best...
Human Relations (HR) is a critical component of any efficient company. It maintains the power source that keeps your business alive and well: your employees. Yet, this department has a broad and complex set of responsibilities. These often exceed the capabilities of start-up, small, or medium sized companies. Fortunately, fractional HR services can handle all...
If you ask any savvy business owner what the backbone of their company is, they will most likely tell you it’s a strong financial foundation. Without sufficient cash flow, companies cannot properly handle ongoing expenses and incur large amounts of risk and debt. Likewise, lack of financial organization can lead to unsatisfied employees and clients,...
Fractional CFOs, part-time CFOs, on-demand CFOs…whatever you may call them, a fractional CFO is a valuable asset to your startup. Whether you need early funding assistance or guidance for your IPO, hiring an outside finance executive with years of experience can fill a gap or provide fresh perspective for your business. At Ravix Group, you’ll...
When you hire a fractional CFO, you gain access to executive guidance without the salary and employee benefits associated with hiring in-house resources. With cloud-based bookkeeping and advanced technology, even small companies can afford fractional CFOs. A fractional Chief Financial Officer in the San Francisco area can guide your startup or established company through specific...
