small business Archives - Virtual CFO Group

29 01, 2019

How expert financial reporting helped Detector Inspector grow quickly from micro to major-sized business
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How expert financial reporting helped Detector Inspector grow quickly from micro to major-sized business

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How expert financial reporting helped Detector Inspector grow quickly from micro to major-sized business

By Colin|2022-06-22T15:19:54+10:0029 January 2019|

Jordan Kagan Gescheit and Jason Radolnik started a simple side-gig as university students. Now, with the help of a virtual CFO (Colin Wright), their side-gig is a multi-million dollar company expanding into other countries. Often the most successful business ideas are founded on the simple premise of identifying a need or gap in the market and developing a service offering that fills it. Detector Inspector have done just that and grown into a multi-million dollar business within about ten years. Rapid growth can be challenging for business owners and in 2014 directors Jordan Kagan Gescheit and Jason Radolnik engaged [...]

Good business decisions are supported by accurate financial reports!

By Colin|2022-06-22T13:17:59+10:0026 November 2018|

Accurate financial reports are essential for making key business decisions. How do you know if your financial reports are accurate? This article discusses the critical areas of business performance and how to ensure your metrics are meaningful. No doubt you rely on your financial reports for many of your key business decisions. Of course, there will be a range of metrics that you rely on to understand how the business is performing, but it is the financial reports that are your final arbiter of your business’s performance. Some of the critical performance areas you will want to know in [...]

The 8 BIGGEST MISTAKES made by small business owners – are YOU making any RIGHT NOW?

By Colin|2022-06-22T13:18:21+10:007 August 2018|

When a small business is growing, visibility is key to managing profitability and ensuring that growth is sustainable. Too many small business owners start losing track of the true picture of performance once the size and complexity of the business increases - typically by the time turnover has reached $1M+. Is your business making any of these 8 BIGGEST MISTAKES RIGHT NOW? If your profits vary significantly from one month to the next and you are not clear why, you have little clarity on how you are actually performing If your accounts are not structured correctly you [...]