By: Jeffrey Heybruck We’ve seen a lot of confusion around the concept of an owner taking a draw from the company, what …
8 CFO Tips for Annual Budget Management
By: Lucrum Staff New year, new budget. Now what? Creating an annual budget serves as a firm foundation, but effective budget management …
Buying An Electric Vehicle Through A Company: Frequently Asked Questions (FAQs)
by Bailey McRae Considering buying an electric vehicle through your company? With more and more companies like Amazon investing in electric delivery …
Lucrum Year In Review
As 2022 comes to a close, we wanted to take some time to reflect on this past year. We are excited to …
Small Business Use of Vehicles FAQ: ‘Ask The Experts’
By: Lucrum StaffNovember 2022 This is our fifth installment of our ‘Ask The Experts’ series (check out our first, second and third …
Real Estate Investing for Beginners: Tips For Success
By: Jeff HeybruckOctober 2022 Successful real estate investing requires patience and learning over time. For first-time investors, it’s especially important to choose …
10 Outside-The-Box Employee Retention Ideas
‘The great resignation’ – the labor market trend of employees voluntarily leaving their jobs – means employers must get more creative when …
Cost Benefit Analysis for Small Businesses: Ask the Expert
In this ‘Ask The Expert’ interview, Lucrum CEO Jeff Heybruck explains the importance of cost benefit analysis to small business owners. Read …
What is a Fractional CFO & How Do CFO Services Work?
What is a Fractional CFO? A fractional Chief Financial Officer (CFO) is a part-time resource with extensive industry experience that is contracted …
Real Estate Syndication 101
By: Jeff Heybruck & Saxby Morehead Recently, I was having dinner with a group of peers when a member of our party …
Ask The Experts: Small Business Finance FAQs Answered
This is our fourth installment of our ‘Ask The Experts’ series (check out our first, second and third installments here). Once again, …
6 Smart Ways For Brewers To Leverage Cashflow Projections for Business Planning
By: Jason AlexanderUpdated May 2022 We’ve all heard the old adage that cash is king. But brewers are often more focused on …
4 Internal Factors That Make a Business More Competitive
By: Jeffrey HeybruckUpdated May 2022 Business-as-usual often means focusing on external factors such as growing sales or expanding outward facing products and …
4 Ways to Increase Revenue
By: Jeffrey HeybruckUpdated April 2022 Ready to hit the next revenue milestone? Our team of CFOs have compiled a list of strategic …
Understanding Cost of Goods Sold (COGS)
The Account on the Income Statement called Cost of Goods Sold (COGS) can be confusing to non-accountants. In this article, we’ll attempt …
CFO Firm Benefits vs. Independent CFO
If you have decided to outsource strategic financial help for your company, you still have an important question left to answer. Will …
Driving & Navigating Growth: How Virtual CFO Services Help Small Businesses Grow
By Jeff Heybruck January 2021 Every milestone in small business growth comes with a series of decisions and calculations that can be …
6 Consultant Lessons
Lately I’ve gotten a couple people asking how I got started in consulting. I joke and say it took me “X years, …
3 Types of Virtual CFO Services
Virtual Chief Financial Officer services enable businesses otherwise limited by geography or budget to tap into a talent pool of top strategic …
Six Essential Monthly Accounting Numbers Every Business Owner Needs to Know (& Where to Find Them)
It seems like Revenue and the cash balance are the first (or only) two numbers most business owners look at on a …
How To Respond When Employees Ask For A Pay Raise Based On Inflation
Written by: Jeff Heybruck Have your employees asked for a raise lately? All over the country people are reevaluating their employment and …