by Bailey McRae, Fractional Controller A bookkeeper and a strategic financial leader – most growing businesses would name these as critical roles …
6 Reasons A Buyer’s Business Culture Matters For Sellers
By: Jeff Heybruck Selling a business is more than a financial transaction. It’s a culmination of years of sacrifice and personal investment. …
Preparing Business Financials For Sale or Acquisition: Expert Tips from Accountants
By: Jeff Heybruck When selling a business, it’s important to remember that savvy buyers will scrutinize every aspect. People, processes, procedures, industry …
Is Providing A Company Car A Good Idea? Comparing Company Owned Vehicles vs. Mileage Reimbursements (Plus 2 Real Company Fleet Models That Worked)
Photo above: RAM Pavement, a Charlotte-based paving company renews at least one truck in its fleet with a brand-new vehicle approximately every …
Business Finance Strategy Frequently Asked Questions (FAQ)
In this installment of our frequently asked questions, we demystify questions our CFOs get on the regular about business strategy and business …
Five Key Insights from My First Year as a Fractional CFO for Small Businesses
By: Saxby Morehead Transitioning from auditing large publicly traded companies to serving as a fractional CFO for privately owned small businesses has …
Should I Use The Same Company for CFO and Bookkeeping Services or Keep Them Separate?
by Lucrum Staff Is your company considering outsourcing fractional CFO and bookkeeping services to two different companies? Using a single provider for …
When To Politely Turn Down A New Business Opportunity
By: Jeff Heybruck New business opportunities are, for good reason, exciting. But wise business leaders are able to take off the rose-colored …
Cash Flow Forecasting 101 (and Tips for Organizations Using QuickBooks)
By: Jeff Heybruck Forecasting cash flow is one of the most difficult but impactful planning exercises a business owner can undertake. There …
Small Business Tips to Negotiate Better Payment Terms & Conditions with Customers
By: Jeff Heybruck Net 30? Yeah, right. AR from large clients can be tricky. A common refrain we hear from small business …
How To Score & Rank Your Customers: Stratifying A Client Base
By: Jeff Heybruck Not all clients are created equal. Some are more profitable than others, and some are just plain difficult to …
Counterintuitive Small Business Advice
by: Jeff Heybruck Sometimes the best advice isn’t the most obvious. Our CFOs have learned a thing or two about how to …
How To Run A Business In the Face of Rising Interest Rates
by Jeff Heybruck Beginning in 2008, financial crises drove down interest rates to just above 0%. Now, for the first time in …
Owner’s Draw vs. Salary : How Should I Pay Myself & What Are The Tax Implications?
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 …
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 …
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 …