How to Lower Customer Acquisition Cost

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Congratulations, you have managed to persuade a customer to purchase your product or service. In fact, you have managed to repeat this action over and over again. But, do you know the true cost of acquiring those customers and have you figured out how to improve that cost?

Before You Expand Your Business, Ask Your Accountant These 4 Questions

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Ask Your Accountant - Expand Your Business Feat Image

Think you’re ready to expand your business? We often see startups attempt to expand too quickly before they are at the appropriate stage in their growth. These are our four (plus one bonus!) questions to ask your accountant before preparing to expand.

The Financial Evolution of a Startup

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Financial Evolution of a Startup - Outsourced Accounting Blog

In the beginning of the evolution of a startup, it is likely that the founder is in a “lone wolf scenario.” He or she is grinding away to get the business off the ground. As a result, the owner is wearing a lot of hats: CEO, CTO, marketing, HR, accounting manager. You name it and the founder probably has his or her hands in it….

Budgeting & Forecasting for High Growth Companies

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Budgeting and Forecasting for High Growth Companies - Red Granite | Outsourced Accounting in Chicago IL

We recently hosted a roundtable discussion on budgeting and forecasting for high growth companies at The Junto Institute in Chicago, IL. Check out the slide deck below for more.

Financial Goals: Going beyond “keeping overhead low”

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Financial Goals

We know we don’t need to convince you to make financial goals. We’ve all heard the: “don’t spend more than you make,” and “lower your overhead” advice. But those are a little obvious. Instead, use these 5 approaches…

The Do’s & Don’ts of Pricing Your Product

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Pricing Your Product

From Freemium to Premium, you have to decide what’s right for your company when pricing your product and what fits industry standards. But there are a few things that are universal no matter which pricing scheme you choose…

Why Use Cloud Accounting Services?

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Cloud Accounting Services Benefits Title

Outsourcing is a fast-growing way to deliver professional services. As Millennials emerge as the next wave of business owners, they’re making the switch to cloud accounting services for their financial needs. And it’s no surprise why…

Company Health Check: Is Your Business Financially Fit?

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Company Health

How do you know your company is financially fit? We all talk it to death: profit, profit, profit. And for good reason—your profitability, and therefore your profit margin, is the single best measure of company health. However, it’s a mistake to think that’s all there is to it…

The 28 Accounting Terms Every Entrepreneur Should Know

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Accounting Terms

Pop quiz! Do you know these accounting terms? If you’re an entrepreneur you probably should. It happens more often than you might think. High-growth business owners that think they are “in the know” when it comes to finance and accounting jargon. But, in reality…

Four Signs It’s Time to Outsource Your Accounting

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Outsource Your Accounting | Cloud Accounting Services in Chicago

We offer cloud accounting services for high growth businesses in Chicago. Take a step back, look at your business and determine whether cloud accounting is right for you. How do you know it’s time to outsource your accounting and hire a virtual CFO? Learn the 4 things you can look for.