Viewing entries tagged
uncertainty

How to Prepare Your Business for Success in 2023: Insights from a Founder and Fractional CFO

How to Prepare Your Business for Success in 2023: Insights from a Founder and Fractional CFO

Year-end planning is imperative for all businesses, especially as they navigate a changing and uncertain business environment. Over the last six months, rising inflation and a likely recession has created fear and panic for some companies as they look to 2023. While business leaders have little control over macroeconomic cycles, they do have the ability to truly understand the specific components of their business, adjust and be flexible in their goals and spending, and navigate uncertainty with greater confidence. Ascent CFO Solutions’ Founder and Fractional CFO Dan DeGolier shares his insights on how businesses can take advantage of year-end planning and forecasting, how to handle financial uncertainty, and ways to elevate your business for greater success in 2023.

Planning for 2021 in Uncertainty

Planning for 2021 in Uncertainty

As we look forward to the new year, many of us are finding it challenging to plan for our businesses with economic uncertainty still looming. The difficulty of predicting when we might start to see economic recovery and determining what that means for our business and growth leaves us all wishing we had a crystal ball. At Ascent CFO, we have been working with our clients to address the unknown by building out scenarios that plan for a slow economic recovery with flexibility that allows for acceleration should we see recovery happen sooner than forecasted. Here are a few tips that you may find helpful to put your company in a conservative, yet opportunistic position.