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Use a Website Builder to Establish an Online Presence 0

Posted on September 02, 2011 by Tiffany C. Wright
internet 150x150 Use a Website Builder to Establish an Online Presence

Use a website builder to establish an online presence.

I know there have been many blogs and articles about the subject of establishing an online presence as a business owner. But I think the topic demands additional coverage here. Why? When I attend networking or other business events, I still get business cards with no websites and email addresses like xxyy@gmail.com or companyname@yahoo.com. In this day and age, that looks so unprofessional!

I remember when I engaged with my first interim CFO services client. He needed help developing an investor approach, then executing on that approach. I had only been operating full-time for a week (having just left my job) and didn’t yet have a company bank account, website, or email address. Fortunately for me, a business acquaintance referred him to me or else I may have lost the client.  Why? What  caused the prospective client to  balk? I submitted a proposal with my personal contact information and personal checking account number!  The client called the person who referred me (I sat on the Advisory Board for that person’s company) to get assurances that I was a legitimate business. The acquaintance called and told me the concerns. I had to show my information in the Wharton School of Business database. The client (prospective client at that time) had liked what I had to say but I didn’t pass muster when he did his due diligence. Why? When he saw the proposal with my personal information he went online to look for me.  And he couldn’t find me!

I had to scramble to set everything up. In two days I opened a company bank account at a community bank (I’m still with them), bought a domain name and webhosting, and created an email address. Using a website builder program (I actually used Yahoo! Sitebuilder at that time), I used a template to put up 3 pages on my new website. I then utilized my new business email account to send a revised proposal with only business contact and checking information included. The good news is that client accepted the “revised” proposal and went on to provide me with great startup revenue so I was in the black  the first month.

When my acquaintance referred me, he didn’t say “She’s new. Cut her some slack.” He said, “I highly recommend her. Her company can give you just what you are looking for.” So the client thought I had been in business for some time. And that worked in my favor. I almost blew it by not having the external presence which substantiated that.

It is sooo easy to set up your website using a website builder. You can always hire an IT firm or web developer later to build out a state of the art website with high transaction or other capabilities. The important thing is to get online now! Reserve a domain name, get a webhosting service, set up your email addresses. Then use a website builder or template to build your website. Do it now! It will only cost you ~ $5- $20 per month depending on the service. The low end is the equivalent of 2 Starbuck coffees.

In this day and age, many people vet companies using the Internet. If you don’t have an online presence, people – prospective clients – may question your legitimacy like mine did. Or if you have a physical location, you may miss out on all the referrals your website could provide. Please, please, please, get a business email address with your domain name, i.e., dave@abccompany.net. and use a website builder to establish a basic web presence. Note that some website builder templates have built-in functionality that grows with you so the template may serve your purpose for some time.

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A Good CFO Can Make a Difference in Your Bottom Line 0

Posted on July 28, 2011 by Tiffany C. Wright


A Good CFO Can Make a Difference in Your Bottom Line
By Jacqueline Cao

If you’re looking to take your business to the next level, hiring a CFO might be just the thing to put your business on the map. The word CFO stands for “Chief Financial Officer” and this is the individual who is delegated to managing the financial side of a business. CFOs usually have obtained degrees in accounting, finance or business management and in many cases may have an MBA. A CFO plays a key role within a company and has a lot of input in regards to a company’s strategic planning. Many CFOs have excellent leadership skills since they often manage professionals and in some cases even teams. The CFO often works very closely with the CEO and as a result it is very important that these key individuals work well together.

The CFO is the head of a company’s finance and accounting department and generally oversees the accountant and controller. A CFO’s duties may consist of developing and analyzing the yearly budget, implementing complicated accounting and financial systems, making financial reports to higher management, analyzing financial data in-depth, building relationships with funding sources such as banks, identifying of equity for business expansion, exit planning consulting and advising the CEO.

The majority of new and small businesses do not have a CFO on staff. General bookkeeping duties are usually dealt with by the owner or a clerical worker. Expansion and growth often leads to a more complex financial situation. As a business makes more money there may be financial questions and accounting issues which will require the expertise of a CFO. A CFO can also very useful if a company is offering an IPO or is involved with mergers and acquisitions and can also assist with complicated audits.

A lot of smaller business start-ups do not have the means to shell out out a six figure salary for a full-time CFO and will choose to utilize interim CFO services. This allows small business owners and entrepreneurs to utilize the skills and services of an experienced financial executive on a part-time or hourly basis without having to shell out a hefty salary. Outsourcing this position to the right individual can really help take a business to the next level.

The CFO has the capability to make sense of complex financial data in order to maximize profits and make the necessary strategic and key decisions to take a company to the next level. A great CFO can affect a corporation’s profits and ultimately the bottom line. A good competent Chief Financial Officer can optimize your cash flow and accelerate your business’ expansion. If you are looking to grow and expand your business then you might want to consider utilizing CFO services in order to give your company the tools required to be the best on the market.

Written by Jacqueline Cao California CFO, CFO Services

Article Source: http://EzineArticles.com/?expert=Jacqueline_Cao

http://EzineArticles.com/?A-Good-CFO-Can-Make-a-Difference-in-Your-Bottom-Line&id=4807936


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Interim CFO 0

Posted on April 20, 2011 by Tiffany C. Wright

I read a great article on the use of interim management to help your business. I actually was led to it through my twitter account. I thought I’d share it here. The title is “Not a Consultant, an Interim Executive” and it appeared on Bloomberg BusinessWeek. (Click on the title and the link will take you to the article.) It had some enlightening information about why and when to engage an interim CEO, COO, or CFO and what the potential business impact is.

Happy reading!

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