Category: Finance

IT startups advantages when hiring a interim CFO from Sam McQuade CFO of Panterra Finance: Running out of cash is one of the top reasons why startups fail. Besides having a tight grip on company finances and cash flow management, a growing company will need capital injections to grow or to sustain operations in a downturn. Fractional CFOs can assist with fundraising (typically starting at Series B) or with debt (e.g., negotiating bank loan terms). Because of their blend of financial acumen and strategic insight, they can expertly parse the numbers being negotiated and help plan where the investment can take the business. Find extra details at Sam McQuade CFO.

A fractional CFO is a financial expert who can bring the right level of financial knowledge to your business. They provide the experience, tools, and resources you need to reach your goals while ensuring the numbers are in order — without breaking the bank. While a CFO offers many of the same services as a fractional CFO, the main difference is in the time commitment. Fractional CFOs are typically part-time and outsource their services on an hourly basis. The big question is, do you absolutely need to hire a CFO? We say, can you afford not to?

Searching to hire your very first CFO or wanting only some interim coverage? We provide CFOs for immediate short term objectives and longer term engagements. Adaptable with fair pricing so you cover your business and don’t have to get into a potentially very bad and costly full time hire. Sam McQuade CFO has successfully scaled his decades old ideas into an innovative full-service Financial Partner Solution for incubators, startups, emerging business concepts as well as well-established international companies, corporations and organizations with the introduction of Panterra Finance. The Panterra Finance professional executive team members are equipped to provide an industry leading concept of an on demand Fractional CFO and Interim CFO during pivotal transitions.

What Does a CFO Do? The CFO’s role is twofold: Oversee the organization’s financial activities, including being responsible for the finance and accounting professionals who perform operational functions, and serve in a strategic advisory role for the CEO and C-suite peers. Brainyard’s Winter 2021 Survey shows how finance and business leaders rank success factors and how those priorities have changed over time. Meeting revenue and earnings goals and keeping cash flow stable are clearly in the CFO’s purview. Finance chiefs also advise department heads across the organization, assisting them in both maximizing revenues, if they serve in a revenue-generating capacity, and controlling expenses without sacrificing customer or employee satisfaction or the company’s reputation.

The CFO helps select skilled staff for the finance team and works with departments to allocate budget for human capital management. CFOs put complex data — current, past and predicted financial results — in perspective and help the CEO make sound financial decisions: Should we introduce this new product or service? Can we afford to on-shore our supply chain? What are the tax implications of our employees working from anywhere? Find even more information on Sam McQuade CFO.

To make you understand it in simple words, let me explain it with an example. Suppose there is a website that allows people to buy and sell products. This website has a smart contract that governs how the transactions will take place. When someone wants to buy a product, they will send a request to the smart contract. The smart contract will then check if the person has enough money to buy the product. If they do, then the transaction will take place, and the product will be sent to the buyer. If the person doesn’t have enough money, then the transaction will not take place.

Selling your business or looking to buy others? Our experts can lead the deal and make sure that you have a thoughtful ownership transition. We are happy to provide second opinions on valuations as well so you have another perspective and feel better before your close the deal.

A lot of our clients at Panterra Finance ask us about DAOs, what they are, and how they work. So we thought it would be helpful to write a blog post explaining them. Before getting into DAO, a brief few things about blockchain. A blockchain is a decentralized and distributed digital ledger that records transactions on many computers so that the record cannot be altered retroactively without the alteration of all subsequent blocks and the collusion of the network. Sounds complicated? Let’s take an example to understand this better. Suppose there are two people, A and B, who want to transact with each other. A wants to buy a product from B worth $100. In the old way of transacting, A would hand over the $100 to B, and B would hand over the product to A. This process is called ‘centralized’ because there is one central entity, in our case, a bank or PayPal, through which both parties have to go through to complete the transaction.

To summarize, a fractional CFO brings all the benefits of a full-time resource, but at a fraction the cost. They work an agreed upon amount of time, and on an ongoing basis. The benefits are myriad, and range from improved reporting and decision-making, clearer insight into the business for planning and forecasting, and stronger financial management and controls. Perhaps the biggest benefit however, is how the CEO can transfer the financial and administrative burden to the CFO, and thus free themselves to work on other critical aspects of the business.

Vision, Roadmaps and Business Plans are typically good collaboration processes, however alignment on meaningful strategy is driven by relationships and the CFO cannot over-communicate in this area. In an era of “greenwashing”, the CFO has a real opportunity to lead since success will ultimately be measured with scorecards and transparency. Sharing the Sustainable Story with financial support is the most credible way for stakeholders to see progress.

While surveying the landscape of the 21st Century economic climate, Sam McQuade, CFO, CEO and Financial maverick realized that the benefits of the gig economy and off-site personnel had hit the preverbally glass ceiling at the executive floor. Large established companies, corporations and organizations were captive of contracted executives. These executives could be effective and efficient however they could also be playing the game of international finance with obsolete rules, models, and ideas.

A fractional CFO helps determine how to get you from where you are to where you want to go. Growing a business requires strategic use of capital. For many fractional CFOs, one of their most important contributions will be providing a financial forecast that will act as a blueprint to achieve the growth in the most efficient, accelerated, and sustainable way possible. With a short-term (next 90 days), mid-term (rest of this year), and long-term (next 3-5 years) view of the business, a company can better anticipate its trajectory and cash position or requirements. It can make it easier to manage through the lean times, help determine when and how to secure loans or investments, anticipate future owner compensation, and help plan and prioritize future business decisions such as staffing, production, geographical expansion, etc.

Recommended car insurance quotes in Texas: Providers are independently assessed by agencies to determine the active financial health of a particular organization. Better ratings mean that you can be sure that your home insurance provider can pay your claim if needed on time, and in full. Here are the major five rating agencies and their scales that look to assess insurance providers: AM Best (A++ to D-); Fitch Ratings (AAA to D); Kroll Bond Rating Agency (KBRA) (AAA to D); Moody’s (Aaa to C); S&P Global Ratings (AAA to D). Find extra details at Texas Landlord Insurance.

Why Is Car Insurance Costly in Texas? Uninsured drivers: The number of uninsured motorists in Texas is somewhat higher than the nationwide average. Almost 15% of the drivers drive without insurance even though it is obligatory in Texas, this impacts insured motorists and their rates as insurance companies face a greater risk of people filing uninsured drivers’ claims. Long travel time: A substantial percentage of Texans drive long distances to their workplaces and spend a lot of time in traffic. In Houston, more than 72% of the people drive to work with an average travel time of 26 minutes. Driving trends: Matched to other states, Texan residents are required to drive more. The drivers in metropolitan and rural regions opt for more car trips and have to drive more miles per capita. The more you drive, the greater insurance premium you have to pay. Greater time spent on roads mean that there is higher opportunity for a car accident.

Premiums for protecting your home will vary for many reasons, however, there are many factors that affect your TX homeowners insurance rates you can help influence. Purchasing a new home may be one of the most exciting and daunting tasks of your life. Even before you fork over more money than you probably would’ve liked and get the keys to your place, there are a few key things you should know about external factors affecting your home insurance rates. In addition to your monthly mortgage, it’s important to remember any routine maintenance costs that go hand-in-hand with owning your own home. There’s also a very real chance that your home insurance rates could fluctuate over time, sometimes costing more than you may have budgeted for or anticipated. Instead of crossing your fingers and hoping for the best, here are seven measurable factors that could be affecting your home insurance without you even realizing it.

The search for the cheapest home insurance in Texas is one of the most common among homeowners. But there are plenty of brands claiming to offer the lowest prices, so how can they all be right? You may be expecting puffery or downright lies to be at play, but the answer is actually much more complicated. If you’re looking to save money and make sense of it all, we’re here to help you better understand how to save the most amount of money on your coverage. The search for the cheapest home insurance in Texas will lead different homeowners to different conclusions, and that’s okay. But the biggest mistake homeowners make is settling for coverage that doesn’t fit their needs all while missing out on the best price on the market. See extra info on https://www.planforfreedom.com/.

Driving safely is a great way to avoid paying too much for car insurance and its benefits reach well beyond saving money. You can save time, hassle, and most importantly, lives all by driving safely. This means buckling up, avoiding distractions such as texting, following posted traffic signals and signs, going the speed limit, and of course, driving sober. When you drive safely, you can receive discounts from your insurance provider as a reward. Different brands have different stipulations and metrics for assessing such discounts, but most insurance providers love to incentivize safe driving through savings. Here are a few ways drivers can protect themselves and others while on the road and save money in the process: Never drive under the influence of drugs or alcohol. Avoid distractions while driving. This includes the use of devices, tuning the radio, eating, applying makeup, talking, rubbernecking, and dealing with unruly passengers. Always drive according to the rules of the road and observe all posted speed limits.

The best homeowners insurance will vary from home to home due to personal factors, coverage needs, industry trends, but ultimately, will be from a top rated carrier and offer trusted, affordable coverage. Texas is home to many different home insurance carriers but the only way to know for sure which is the best for you is to shop and compare coverages and rates. Working with an insurance broker can help you pinpoint your options in less time for maximum protection and savings.

Turkish citizenship by investment by RightHome: Tips related to types of investment properties: Residential apartments typically have shorter investment cycles compared to commercial units. It’s not always a good idea to invest in a commercial unit in a project under construction with the intent to sell upon completion, but this strategy can work for residential apartments within the same project. Commercial units usually require less time to reach their peak price, making it easier for investors to exit their investments. However, villas are generally not considered for investment, unless they provide a high rental yield initially and the investor is willing to wait for a specific buyer interested in that particular villa. See additional details at buy real estate in Turkey.

Supply is high and demand is low – Yes, demand has decreased due to inflation problems and high interest rates, as real estate loans, even to the local population, are not as attractive as they were before, and this, in fact, happened in all countries of the world, not only in Turkey. But the important question is what about the show? Are there a lot of real estate offered in the market similar to the real estate you want to buy or sell? Competing real estate is not the real estate in the same residential complex as you, but in the whole area that offers the same advantages as your real estate. Here, you should pay attention to two points: If you own a property and want to sell it, make sure that this time is not suitable if your property is in areas with many projects such as Basaksehir, Basin Express, or some areas of Bahcesehir, Beylikduzu and Esenyurt, and if you wait for the market boom period again, you will certainly be able to collect a higher price at least 30%. If you want to buy a resale property in an area with high competition, it must be at least 30% cheaper than the price of new real estate in similar projects, because you are now buying at a suitable time, and also because you bear the risk of owning an unwanted property.

Many beginners in real estate investing in Turkey are looking for quick profit, which makes them rush in their decisions and they often end up in loss. The real estate sector is one of the most growing sectors in Turkey which provides all investors with a good investment return, but the key to success in this sector is time. Investor’s efforts must first be based on understanding the market and then choosing the best property in terms of region and quality. Then wait, as one real estate investment expert says. “Real estate investors are the only ones who make money while they are asleep.”

A successful investment in real estate is a sensitive and complex process. You should not take it lightly or rely on incomplete experiences of others. Every property in Turkey has an appropriate price, but the lack of sufficient information with the sales representative makes them evaluate projects with incorrect criteria. However, what matters to you as an investor is choosing the property that suits you and your plan. Certainly, there are better projects than others when viewed from this perspective. If you have reached this point in this relatively long article, we would like to thank you on behalf of the Right Home company’s team. We are very interested in conscious investors who are genuinely interested in obtaining accurate information, no matter how much time and effort it takes.

Undoubtedly, a big lure for investors with their eye on the bottom line are the mega projects of Istanbul that when complete are predicted to raise property values even more than they have done already. The mega project on everyone’s lips at the moment is the new Istanbul third airport that when complete in 2028, will be the world’s transport hub. Investors are also buying up land and houses on the European side where the Istanbul Canal project will take place. Districts like Kucukcekmece are seeing a flurry of interest for value for money apartments for sale in Istanbul, because of the project that will create a mini city within a city.

Turkey tourism is one of the top reasons to invest in Turkey. With the majority of tourist attractions located on the European side, most first-time travelers to Istanbul don’t venture into the Asian side of the city. Had it not been for Ciya Sofrasi and Walter’s Coffee Roastery, then we wouldn’t have gone there either. Home to a maze of cafes, bars, restaurants, and some trendy neighborhoods, the Asian side has much to offer and is well worth a day if you can spare it. We traveled around Turkey for two weeks so we went to these places on our own, but if you don’t have as much time, then you can visit them on day trips from Istanbul as well. Domestic flights are inexpensive and efficient in Turkey, making these day trips to other regions highly possible.

If your investment goal is in Istanbul, especially if you want to obtain Turkish citizenship (this means you cannot resell your properties for 3 years), here stands the main thing for Right Home’s vision, which is being a real estate investment company in Istanbul, as our role is not limited only to indicating the appropriate projects, but we have a consulting team specialized in studying the market, studying real estate projects and the history of construction companies, in addition to studying the laws of supply and demand in the present, in the past and in the future. Make sure that all of the above is very important when choosing your investment properties because from our daily experiences we notice completely wrong investment choices that some clients make by misleading them by companies starting out in the real estate market or non-consulting real estate brokerage companies, and this is often done by tempting the customer for obtaining cheap real estate or being deluded by the fact that a certain area is an investment area without relying on real criteria in evaluating the investment. Discover extra info at https://righthome.com.tr/en.

Finally, as for the lands near the new Istanbul Canal, it is a very risky investment project that is not recommended for someone who owns a property for the first time in Turkey and wants to obtain Turkish citizenship. For more information about Istanbul Canal, read: Canal Istanbul project and its impact on real estate investment. So, what is the solution to get a successful real estate investment while obtaining Turkish citizenship? The amount of real estate investment to obtain Turkish citizenship was reduced to $ 250.000, according to what was issued in the Official Gazette on September 19, 2018, after it was previously worth one million dollars.

Right Home is a leading company specializing in real estate consultancy and brokerage. We help buyers to buy and sellers to sell. We provide luxury apartments, smart homes, elegantly designed offices, modern constructions and all consultancy services. Our head office located in Istanbul, Turkey. We take great pride in being more than just another real estate agency. We aim to develop long-lasting relationships with our clients by offering exceptional services and meeting customer’s utmost satisfaction. For a closer look at the glory of the Ottoman Empire, you should go to Topkapi Palace during your trip to Istanbul. Topkapi Palace was built in the 15th century. Mehmed the Conqueror ordered the construction of the palace in 1459. At first, the palace was named Yeni Saray, or the New Palace. Before this palace, the Sultan used to live in the Old Palace in Beyazit Square. The name was changed to Topkapi Palace in the 19th century. Topkapi means canon gate. After the fall of the Ottoman Empire in 1923, Topkapi Palace was turned into a museum in 1924. The palace, occupying a vast area of around 592,600 to 700,000 m2, has hundreds of rooms and chambers, but not all of these rooms are accessible for tourists. Only some of the most important ones are open to the public.

The Istanbul Canal Project is a substantial initiative aimed at constructing a new waterway that connects the Sea of Marmara and the Mediterranean Sea within Istanbul, Turkey. This grand project is envisioned to address traffic congestion within the Bosphorus Strait, improving maritime transportation in the region. Objective: The project’s primary objective is to create an alternative waterway to the Bosphorus Strait, thus mitigating traffic congestion and enhancing navigational safety. Proposed Route: The canal is expected to follow a route spanning approximately 45 kilometers, commencing from the town of Çılburnu on the Black Sea and culminating at the town of Durakul on the Sea of Marmara. Dimensions and Capacity: The canal is projected to boast a width of roughly 400 meters and a depth of around 25 meters, facilitating the passage of large vessels. The project incorporates the construction of ports and loading/unloading areas.

Best Quickbooks accountant company US: The purpose of the Onboarding process is to ensure that there is a seamless transition between what was discussed and required during the procurement process and what will happen during your engagement. During Onboarding, our accounting services team works alongside your stakeholders to craft a checklist of requirements and objectives. Then, your engagement leader will coordinate with you on how to configure initial, recurring, and episodic efforts based on the needs provided. We will deliver a step-by-step plan to provide both advice as well as execution. Technology can either give you the tools needed to optimize your operations, or the frustrations needed to break them. In this guide, we’ll highlight the benefits technology is bringing to your accounting team, the tools available to help you “make it happen,” and the ways that strong books can lead to a strong future for your business. Discover even more info at https://kyledavidgroup.com/capabilities/sage/.

Gain Flexibility To Meet Business Needs – The fifth benefit of outsourcing your accounting and finance is having more flexibility within the organization. If your team has only 2 or 3 people, you need to ensure they are always busy. On the other hand, if they have too much to work on and not enough time, it can be problematic. They don’t have the flexibility to take on new things as your business grows or matures. It can be frustrating, and you’ve got to wait. For example, recently, PPP was a need that increased accounting teams’ workloads to higher levels than they were able to handle. Many had to seek external help to take this on. Business owners who outsource their accounting and finance can flex, pivot, and plan nimbly.

Many small businesses fail within their first year of operation because the owner tries to do everything on their own. Running an effective company requires diligence and focus, and accounting is often a complicated, time-consuming task that takes more work than a single person can do. If you are running a business and want to expand or just find a more efficient and more effective way to run your company, there are many benefits of outsourcing accounting services to consider. Not only can they help you be legally compliant, but outsourced accounting services and bookkeeping services can also help you grow your business, achieve your goals, and set you up for long-term success.

Make More Informed Business Decisions: Having a fractional CFO on your team can be incredibly helpful when making financial decisions. The amount of financial data companies require, and track can be overwhelming. Instead of getting lost in the numbers, you can focus on making data-backed decisions based on what your fractional CFO provides. They analyze current and historical data to provide transparency and definitive information. Financial projections come into play here, too.

As business owners, we are constantly looking to outsource more things. If you outsource your payroll, you probably outsource other things as well. As a business owner, you likely hire a CPA to handle taxes for your company. You might even outsource your HR and IT. Today, let’s talk about the eight benefits of outsourcing your accounting and finance function. You should outsource your accounting and finance because it allows you to get the specialized knowledge your company needs. Outsourced firms employ highly trained accountants and finance professionals. They don’t have distractions like other people. They will see a variety of businesses and can then bring the best practices back to you.

Outsourcing your accounting function can optimize your business operations and maximize profits. But still, some businesses are hesitant to give out control over such an important aspect of their business. Outsourcing can actually provide a range of benefits, from cost savings to improved financial reporting. In this blog post, we’ll explore five key benefits of outsourced accounting. We’ll provide insights and examples that demonstrate how outsourcing your accounting function can help your business thrive. See extra details at https://kyledavidgroup.com/.