Tag: Growth
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What is More Important for a Business: Revenue growth or Profitability?
As the majority of responses in running a business, the answer is: “it depends”. Revenue growth is usually more relevant for companies that already have financial stability to fund its operations and is not facing challenges to meet its working capital needs (payment of suppliers, taxes, payroll, interest of loans, etc.). It could also be…
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5 signals that your business need a virtual CFO
When your business revenue surpasses $10 million in annual revenue. Tax and compliance requirements are very complex for your industry. If your business requires a lot of financial planning and analysis, business cases preparation and coordination with several stakeholders for successful coordination. If your business needs to constantly fundraise (either equity or debt) If your…