Why Startups Need Outsourced CFOs

pencil Posted by Richard Veltre on August 25, 2017

Startups are synonymous with risk – entrepreneurs open their doors with the hope of becoming the next big thing, but, unfortunately, failure is the more common result. In fact, only 50% of new businesses survive their first five years, and only a third of those make it to their tenth birthday (per the U.S. Bureau of Labor Statistics).

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There's Nothing United About You!

pencil Posted by Richard Veltre on August 15, 2017

I recently spoke with a company from Europe that wanted to know what would be necessary to launch a brand in the United States – and it seemed that with every sentence, the list of administrative requirements got longer. During the conversation, I kept remembering a very distinct quote a client in the United Kingdom used when we dealt with the same issue:

 “For a country called the United States, there’s nothing united about you!”

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3 Myths About Hiring an Outsourced CFO

pencil Posted by Richard Veltre on August 10, 2017

Moving to an outsourced CFO business model is a big decision. Change can be difficult in many situations, but as an entirely new way of managing your finances, changing to an outsourced CFO has likely left you with a lot of questions.

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I Can't Afford a CFO … Or Can I?

pencil Posted by Richard Veltre on August 2, 2017

As a small business owner, the thought of hiring a chief financial officer might sound crazy – you’re not a 

Fortune 500 company! You have a bookkeeper/CPA, so why would you need a CFO? A CFO is expensive … right?

Well, yes and no. 

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We're Opening an Office in Manhattan for Management Consulting & More!

pencil Posted by Richard Veltre on July 31, 2017

Harbour Rock is pleased to announce the opening of its new office location in New York City. This Times Square location will serve as a central meeting place for Harbour Rock’s new business services clients. As in our New Jersey office, the goal for our New York location is to provide responsive, efficient, and proactive outsourced CFO services and management advisory services by investing time to understand your business; with that understanding, we can present innovative solutions to help you achieve your goals. 

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Veltre Earns Sage Intacct Implementation Specialist Certification

pencil Posted by Richard Veltre on July 25, 2017

Richard Veltre, founder of Harbour Rock, recently earned Sage Intacct’s Implementation Specialist certification after completing a rigorous training course and passing exams.

Sage Intacct, PC Mag’s Editors’ Choice winner in the enterprise-class general ledger accounting software category, is a cloud-based, software-as-a-service application that includes accounting, contract management, revenue recognition, inventory, purchasing, vendor management, financial consolidation, financial reporting, and more.

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5 Reasons a CFO Might Leave

pencil Posted by Richard Veltre on July 24, 2017

Change is inevitable, so it’s reasonable to assume that your CFO will eventually leave. But even when the departure of a key executive is planned, their exit can leave you with a feeling of “Now what?” Luckily, you can hire an outsourced CFO to step in and take the reins while you decide where to go next.

Here are 5 reasons a CFO might leave your business.

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Should I Perform an Audit After My CFO Leaves?

pencil Posted by Richard Veltre on July 13, 2017

If you find yourself without a CFO for whatever reason – they were fired, recruited by another company, had a baby, etc. – it’s critical to take a close look at your finances after they leave. An audit offers a big picture view of the state of your finances, so you know where you stand now and what you need to do moving forward.

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Planning Your Exit Strategy

pencil Posted by Richard Veltre on June 27, 2017

When you decided to start your business, you probably had a plan. As you grew your business, one plan became multiple plans, whether you wrote them down or not; then, each of those plans probably changed as circumstances changed, so you had multiple versions of multiple plans. And since you had all those plans and all those versions of plans to start and run your business, doesn't it make sense to have an exit plan, too?

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4 Things to Do When Your CFO Quits

pencil Posted by Richard Veltre on June 13, 2017

Growing your business has been no small feat. You have sacrificed a lot to get where you are, but you know that you did not get there all by yourself. Along the way, you have built a management team that you rely on for the answers you need to make solid business decisions. One member of that team is your Chief Financial Officer, who, in some situations, is your right-hand man. So, what happens when your CFO leaves?

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