ASK a CFO

In this episode of Ask a CFO, Co-Founder of  Stride Services, Russell Benaroya was our special host.  He and James discussed the complexities of working with a “turnaround’ company.

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Every part of a business, whether Sales, Business Development, Marketing, or People Ops should have someone "in charge."  Someone that will ask the tough questions, make the hard decisions, and most important, mitigate risks. The same applies to the finance department. If a growing business doesn't have someone like a CFO protecting the company's financial health, the business will struggle to grow and open itself to fraud.

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When we depending on how good the state of the financials are in, you know, it may take two to three weeks to get there. I would say during those two to three weeks, I would put a concerted effort on on really putting every expense on the chopping block, and seeing if it needs to go on on.

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Being a CEO feels like you're juggling 30 things at once, so one of the best things you can do (for your sanity) is recognizing which tasks can be allocated to other people.

With every month-end close process being fundamental, it isn't easy to gauge how much the CEO should be involved and what aspects of the month-end close process can be dished out to others. 

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The Ask a CFO series is a Q & A with CFO James Vanreusel.  James answers questions ranging from  corporate finance,  FP&A, Investor Relations, Professional Development, Business Growth, Fundraising, M& A, and more.

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In this episode of "Ask a CFO," James delves into the concept of unit economics and how non-profit organizations can effectively calculate the cost per beneficiary. He explains that this can be done in several ways. James also explains why it is important to calculate the indirect cost rate. Finally, he discusses whether there is a minimum or maximum cost per beneficiary.

The episode provides valuable insights into leveraging unit economics to improve the effectiveness and sustainability of non-profit programs.

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In this episode of ASK a CFO, James Vanreusel of Vanreusel Ventures discusses Non-profit boards, their common issues, and what to do if one member is causing problems.  For small to midsized for-profit and non-profit organizations, having a board of directors is extremely imperative to ensure that the company is running at its optimal level. 

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