CFO Consulting Archives - Liguori Accounting

Identifying Your Financial Health: A Guide for Medical Spa Owners

November 22, 2024

Managing a successful medical spa requires more than just providing excellent services; it also involves keeping a close eye on your financial health. Ensuring your financials are in line with industry standards is key to achieving long-term profitability. In this guide, we’ll break down the essential financial metrics every medical spa owner should monitor. Key […]

Identifying Your Financial Health: A Guide for Medical Spa Owners Read More »

CFO Consulting

Med Spa Owners: Track These 4 Essential KPIs for a Thriving Practice

October 16, 2024

Intro In today’s competitive med spa industry, staying ahead means monitoring Key Performance Indicators (KPIs). These 4 Essential KPIs give you insights into your operations and guide strategic decisions to improve your practice and become a top-performing med spa. For instance, top-performing med spas in 2022 earned 4.5 times more revenue than the industry average,

Med Spa Owners: Track These 4 Essential KPIs for a Thriving Practice Read More »

CFO Consulting

Uncover Your Business Niche

June 6, 2023

1. Understanding the Power of a Business Niche: Before we dive into the process of finding a niche, let’s understand why it is so important. A niche refers to a specialized segment of a market that caters to a specific group of customers with certain needs, preferences, or pain points. By focusing on a niche,

Uncover Your Business Niche Read More »

CFO ConsultingBusiness Niche

Financial Metrics Every Small Business CFO Should Track

May 23, 2023

Gross Profit Margin: The gross profit margin is a fundamental metric that measures the profitability of your products or services. It represents the percentage of revenue that remains after deducting the direct costs associated with delivering your offerings. By monitoring this metric, you can assess your pricing strategy, evaluate the efficiency of your operations, and

Financial Metrics Every Small Business CFO Should Track Read More »

CFO ConsultingFinancial Metrics

7 Tips on How to Adjust for Inflation

February 15, 2023

1. Study your data Your numbers are always helpful, but in times of rapid inflation, you’ll be especially thankful that you keep a nice, clean set of books. Analyze your data to learn what products and services make you the most money, which ones cost the most to offer, and identify where you can save.

7 Tips on How to Adjust for Inflation Read More »

CFO Consultinginflation, Liguori Blog, small business

What is a fractional CFO?

February 1, 2023

Navigating Challenges Small businesses and startups typically have a streamlined staff, which keeps costs down and allows the business owner to focus on healthy growth. But sometimes, a financial challenge comes up that is beyond the skill or experience level of those on the team. This is where a fractional CFO can be of great

What is a fractional CFO? Read More »

CFO Consultingfractional cfo, Liguori Blog, small business

Setting business financial goals for 2023

January 18, 2023

You’ve got to see where you’re coming from to know where you can realistically go. At year’s end, review the business financial goals you set last year and use your numbers to see how you measured up. Whether or not you met your goals, that information is valuable. What circumstances enabled you to meet your

Setting business financial goals for 2023 Read More »

CFO ConsultingAccounting, Business Goals 2023, Business owners, Liguori Blog

How “Virtual CFO” Services Can Help You Grow Your Business

November 30, 2022

Here’s why your small business might want to consider the benefits of working with a virtual CFO. High level decision making A virtual CFO can analyze your company finances and provide expert advice to help you make more informed, strategic decisions for ongoing profitability. That senior level financial oversight can help you understand any risks or

How “Virtual CFO” Services Can Help You Grow Your Business Read More »

CFO ConsultingAccounting, Liguori Blog, small business, Virtual CFO Services