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56. Part-time CFO Solves Problems
2 years ago
CFO Omaha offers part-time help to small businesses. Dale Marples, owner of CFO Omaha, provides insight into the money problems that many business owners face. Problems often arise because owners don't know their costs, they over obligate their business to purchases, or they take on too large of a project that delays payments. These situations can result in cash flow deficiencies and a closed business. Owners need to look at both the expenses and income to increase profit margins. Before seeking a loan, owners should determine their ability to repay the loan and be able to prove it to the funder. Never prejudge the bank response, there are funding options available such as the SBA guaranteed loan. If the business needs an immediate cash infusion, the business can look to selling convertible assets or obtaining employee concessions to get over the cash flow crunch. (cfoomaha.com)
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