How can a business focus on improving what works today while also preparing for the future? Here’s where the 70-20-10 model comes in: - 70% of your efforts should go toward improving what you already do well. Small tweaks can have a big impact. - 20% should explore new markets or slightly stretch your current expertise into new areas. - 10%? That’s reserved for the big, game-changing ideas that could disrupt everything. This way, you balance risk while staying competitive and adaptable for the future.
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CFO Ventures is the world's first fully remote, distributed CFO services firm. We partner with founders and C-suite to help them make smarter strategic decisions with cutting-edge financial plans. www.cfo.ventures
- الموقع الإلكتروني
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https://www.cfo.ventures
رابط خارجي لـ CFO ventures
- المجال المهني
- الاستشارات والخدمات في مجال الأعمال
- حجم الشركة
- ٢ - ١٠ موظفين
- المقر الرئيسي
- Dubai
- النوع
- شركة يملكها عدد قليل من الأشخاص
المواقع الجغرافية
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رئيسي
احصل على اتجاهات السير
Dubai، AE
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احصل على اتجاهات السير
PARMA، PR 43123، IT
موظفين في CFO ventures
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أعاد CFO ventures نشر هذا
A counterintuitive move to improve your business performance? Disinvestment, or the process of selling off certain assets or divisions, is a powerful tool in your business toolkit, especially when you're aiming to streamline operations, reduce debt, or refocus on core competencies. Think of it as fine-tuning a high-performance engine. Just as removing unnecessary parts can make a car run faster and more efficiently, disinvesting from non-core assets or underperforming divisions can significantly improve your company's margins and overall performance. It's about doing more with less, enhancing efficiency, and sharpening your focus on what truly matters. So, when does disinvestiture make sense? If a segment of your business is draining resources without delivering adequate returns, it might be time to let it go. Additionally, if you're looking to pay down debt or raise capital for new opportunities, selling off assets can provide the necessary funds. Finally, in times of strategic realignment, disinvesting helps you pivot more effectively by shedding the weight that holds you back. The goal is not to shrink your business but to optimize it for better performance, profitability, and long-term growth. Sometimes, stepping back is the best way to leap forward.
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The New York Times recently spotlighted a compelling trend: CFOs stepping up as CEOs. It’s a move that speaks volumes about where leadership is headed, especially in an era where technology, like AI and advanced analytics, plays a starring role. CFOs have always been the backbone of financial strategy, but now, their role is expanding. They're not just about the numbers; they're about interpreting data in ways that drive forward-thinking business strategies. My view? As technology becomes more embedded in our business practices, the skills of a CFO—those rooted in analysis, risk management, and financial foresight—are becoming indispensable for CEOs. This shift isn't a dramatic overhaul but a natural progression. In a world where understanding and leveraging technology is key to staying ahead, the CFO's ability to navigate these waters is invaluable. It's not just about tech for tech's sake; it's about how these tools can be used to carve out a stronger, more resilient future for businesses. In essence, the path from CFO to CEO is becoming more common, reflecting a broader recognition of the strategic value CFOs bring to the table in a tech-driven business landscape. It’s an evolution worth watching, as it marks a nuanced shift in what it means to lead in the modern world. (link to the article in the comments for anyone interested)
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Accounting and finance often get lumped together, but they play distinctly different roles in the business world. Understanding these differences is crucial, especially for small and medium-sized business owners aiming to steer their companies towards growth. At its core, accounting is about recording and reporting a company’s financial transactions. Think of it as the day-to-day language of money in your business. Accountants track where your money's coming from and where it’s going. This information is vital for compliance, tax preparation, and understanding your business's financial health. Finance, on the other hand, is the broader strategy of managing your company’s assets and liabilities. It’s about planning for the future, making investment decisions, and figuring out how to fund your business operations or expansion. Finance helps you set long-term goals and outlines the steps to get there, often leveraging the detailed information that accounting provides. For business owners, blending accounting insights with financial strategy can illuminate the path to success. Accounting gives you a clear picture of where you stand today, while finance offers the telescope to see the potential horizons. Together, they equip you with the knowledge to make informed decisions, driving your business toward its objectives with precision and foresight
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As businesses evolve, the complexity of their financial management escalates. How do you strategically align your financial team's capabilities with your company's growth trajectory? It's crucial to understand your company's current phase and ensure your finance strategy is not just prepared to react but is positioned to anticipate and propel your business forward. Here's a simple guide to evolve your finance team as your business grows: Stage 1 - Start with the Basics: Initially, the focus is on foundational financial management. A Bookkeeper to handle daily transactions and an Accountant for compliance and tax obligations lay the groundwork for financial stability. Stage 2 - Growth: As the business gains momentum, it's crucial to deepen financial analysis. Introducing a Financial Analyst provides insights into trends and future growth, while a Controller ensures robust financial operations and reporting. This combination facilitates strategic financial planning, keeping the company's growth trajectory on course. Stage 3 - Expansion: Facing new opportunities demands a strategic pivot. Rather than immediately hiring a full-time CFO, the smarter move is to bring in a Fractional CFO. This role offers high-level financial strategy and oversight, perfectly scaled to your business's needs. It's an efficient way to manage complex financial challenges without the full commitment to a permanent executive position. Stage 4 - Maturity: Once the company has established itself in the market, it's time to solidify the finance department's leadership with a full-time CFO, and potentially a VP of Finance. They will navigate the financial strategy as the company explores new ventures and market expansions. This strategic approach ensures that your finance team's evolution is perfectly synchronized with your company's growth, balancing the need for financial expertise with cost considerations at every stage.
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