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 …
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 …
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, …
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 …
5 Tactics for Negotiating with Suppliers and Vendors
Successful entrepreneurs understand the importance of building long-term business relationships that can contribute to their bottom line. That’s why many business owners …
Using Tomorrow’s Job to Pay Yesterday’s Subs
All too often, businesses find themselves using tomorrow’s job to pay yesterday’s subs. This can result in a never ending feedback loop …
How to plan for the impacts of inflation on small business
There is a lot of talk these days in the media about inflation, and since it is a part of normal economic …
When do you capitalize an asset?
Photo credit: Pickawood Sometimes the best topics to discuss here are the ones we, as accountants, overlook. Recently, our marketing consultant asked …
Strategies For Small Businesses to Prevent and Mitigate the Risk of Rising Material Costs
Regardless of industry, rapidly rising or wildly fluctuating material costs can have a negative impact on a business. The same is true …
Small Business Finance Questions
This is our third installment of frequently asked questions, (check out our first and second installments) and we hope to give helpful …
What to do with excess cash in a business?
If I have extra cash from my business thriving what should I do with the cash? As with most good answers, it …