RoseRyan’s Post

"Recruiting the Right Board Members: A Game-Changer for Start-ups in the FSR/QSR Vertical" The right board members bring more than just governance; they bring a wealth of experience, insight, and networks that can propel a start-up to new heights. Understanding the Role of the Board in FSR/QSR Start-ups In the bustling FSR/QSR landscape, a well-constructed board is a beacon of guidance and strategic foresight. Board members serve as mentors to the CEO, offering guidance drawn from years of industry experience. They help in shaping strategic decisions, from market positioning to expansion strategies, and they can open doors that would otherwise remain closed, connecting the start-up with potential partners, customers, and investors. Key Traits to Look for in Board Members Industry Expertise: Board members with a background in FSR/QSR bring an understanding of the market dynamics, customer preferences, and operational challenges unique to this sector. Strategic Vision: Look for individuals who have a track record of strategic decision-making and can guide the company in setting and achieving long-term goals. Financial Acumen: In the early stages, a start-up's survival hinges on prudent financial management. Board members with strong financial expertise can provide oversight and guidance on capital allocation, fundraising, and financial planning. Operational Experience: The value of hands-on experience cannot be overstated. Board members who have been in the trenches understand the operational nuances and can offer practical insights and solutions. Network and Influence: A board member's network can be invaluable. Whether it's connecting with suppliers, navigating regulatory landscapes, or opening doors to potential customers, the right connections can accelerate growth. The Recruitment Process: Finding the Right Fit Recruiting the right board members is as much about their skills and networks as it is about their alignment with the company's culture and vision. Here are some steps to ensure you find the right fit: Define What You Need: Start by understanding the gaps in your current team's expertise and what skills and connections you need to move forward. Leverage Your Network: Often, the best board members come through personal networks or professional recommendations. Don't hesitate to ask your contacts for introductions. Vet Candidates Thoroughly: Ensure that potential board members not only have the right background and experience but also the time and commitment to contribute meaningfully to your start-up. Align on Expectations: Be clear about the role, responsibilities, and time commitment expected from your board members. Also, discuss how they will be compensated, whether through stipends, equity, or other means. Ensure Cultural Fit: The right board member should not only bring expertise and networks but also fit well with your start-up's culture and values.

Are you a startup founder, small business owner, or nonprofit leader with big goals but pint-sized means? Is your undersized budget holding back your big dreams? Imagine a world where your financials are not just up-to-date, but ahead of the curve, empowering you to make strategic decisions with confidence. What if you could recruit a complete Finance — and HR — Department without spending even as much as it would cost to hire one staff member? Now you can, because we’ve made it possible! Introducing Fixed Fee Fractional Solutions from RoseRyan, a ZRG Partners, LLC Company: scalable on demand Finance and Accounting expertise for ambitious organizations — beyond bookkeeping — within reach. At RoseRyan, we understand the unique challenges faced by early-stage and smaller entities, and nonprofits. We know that organizations with fewer resources can't justify enterprise-level fees. That’s why we’ve designed our budget-friendly four-tier Fixed Fee packages (Starter, Essential, Growth and Scale) specially to help you unlock your organization's potential and turbo-charge its growth. Forget expensive hourly rates and project overruns. Our innovative fractional model offers a powerful and affordable solution, and ensures you get the personalized service you need, when you need it, without breaking the bank. Don’t let your organization’s current talent and capability gaps limit what it can become. Relieve the financial growing pains and boost your organization towards achieving its Mission. For one straightforward, transparent monthly amount (starting at $1,500), with our Fixed Fee Fractional model, you now have access to top-tier Finance and Accounting experts through flexible, right-sized packages to suit your unique needs, growth stage and budget. It's time to turn those big dreams into even bigger realities. Visit our Fixed Fee Fractional Solutions resources page to find out how our cost-effective packages can fuel your organization's ambitions: https://lnkd.in/dCbxh8dc #fractionalCFO #fractional #CFO #interim #interimCFO #fractionalaccounting #fixedfee #fixedfeeaccounting #fixedfeefinancemanagement #ondemand #outsourced #outsourcedtalent #fractionaltalent #interimtalent #HR #HRsolutions #outsourcedadvisory #outsourcedaccounting #outsourcedconsulting #affordablefinancesolutions #nonprofitaccounting #nonprofitaccountinghelp #bookkeeping #scalingfinanceandaccountingforgrowth #scale #growth #financeandaccountingforgrowth #entrepreneurs #entrepreneur #smallbusinessaccounting #smallbusinessfinancialmanagement #smallbusiness #startup #startupfinancing #earlystage #vcs #venturecapital #founder #founders #emerginggrowth #talentacquisition #financeandaccountingtalent #accountant #accounting #finance #financialmanagement #controller #technicalaccountant #technicalaccounting #siliconvalley #preseed #prerevenue #seed #seedfunding #funding #seriesA #notforprofits #NPOs #growthcompanies #midsizecompanies #rapidgrowth

Virtual CFOs are a feasible preference for businesses that require strategic financial direction but aren’t equipped to sustain permanent #cfos . Accordingly, businesses having substantial and expansive revenue streams and growing teams, mainly beyond the startup phase, can conspicuously benefit from the services. Read More: https://lnkd.in/dQeSdF-3 By Nancy Busera cc: Wanjiru C. Wamithi CPA,CFE Evelyn Kanjagua Peter Mwanja Ronald N. Bwosi Anne Wagaki Festus Amukuyi Okatso  #cfoservices #cfoadvisory

🚀 **Key Leadership Roles in Finance 2024** 🚀 Hello LinkedIn community! As we continue through 2024, the finance sector continues to evolve rapidly, and with it, is the demand for innovative and dynamic leadership. Whether you're an experienced professional or an aspiring leader, staying abreast of the trending roles can provide a significant edge. Here are some key leadership roles that are gaining traction and are pivotal in shaping the future of finance: 1. **Chief Sustainability Officer (CSO) 🌱**  With a growing emphasis on ESG (Environmental, Social, and Governance) criteria, companies seek leaders who can integrate sustainable practices into their financial strategies. The CSO is crucial in driving green investments and ensuring that sustainability becomes a core component of business operations. 2. **Chief Data Officer (CDO) 📊**  Data-driven decision-making is no longer optional; it's imperative. CDOs are at the forefront, leveraging big data and analytics to inform financial strategies, optimize operations, and predict future market trends. Their role is vital in ensuring that organizations remain competitive in an increasingly data-centric world. 3. **Digital Transformation Leader 💻**  As digital innovation sweeps through the financial sector, leaders who can manage digital transformation initiatives are in high demand. This role involves integrating advanced technologies like AI, blockchain, and machine learning to streamline processes, enhance customer experiences, and drive growth. 4. **Chief Risk Officer (CRO) 🚨**  In an era marked by unprecedented global challenges, from cybersecurity threats to economic volatility, the CRO plays a critical role in identifying, assessing, and mitigating risks. Their expertise ensures that companies can navigate uncertainties and safeguard their financial health. 5. **Chief Financial Officer (CFO) - with a Twist 🔄**  Today's CFOs are expected to go beyond traditional financial management. They are strategic partners, contributing to overall business strategy, driving performance, and fostering innovation. The modern CFO blends financial acumen with a forward-thinking mindset to lead their organizations toward sustainable growth. 6. **Head of FinTech Innovation 🏦**  FinTech is revolutionizing finance, and companies need leaders who can harness its potential. The Head of FinTech Innovation drives the adoption of cutting-edge technologies to enhance financial services, improve efficiency, and deliver unparalleled customer experiences. These roles are not just about overseeing finances but driving transformation, fostering innovation, and ensuring resilience in an ever-changing landscape. If you're looking to make a mark in the finance world, consider how you can develop skills and expertise aligned with these trending roles. #FinanceLeadership #FutureOfFinance #Sustainability #DataDriven #DigitalTransformation #RiskManagement #FinTech #Innovation #LeadershipTrends2024

🚀 Transforming the Future of Finance: Here’s What You Need to Know for 2025! 🚀   2025 is going to be an intriguing one for leaders in finance, with both existing and new challenges to tackle. I’m keen to catch up with as many of my network as possible over the next few weeks to talk about both hiring plans and career opportunities for the coming year.   *London’s Financial Economy: Despite global economic uncertainties, the accounting and finance sector in London has shown remarkable resilience. With post-brexit adaptations made pretty much across the board, our primary challenge has been competition from other financial centres for top talents, with efforts to attract and retain skilled professionals remaining a priority. Recent reports indicate a 25% increase in recruitment within industry for 2024, particularly in our areas of expertise, the retail, luxury, hospitality, FMCG and start-up sectors of London.   *Digital Transformation: London continues to invest in fintech, AI, and cybersecurity. Cloud-based software and AI-driven processes are revolutionizing our industry, enhancing efficiency, client services, and employee satisfaction. While automation saves time, cybersecurity remains a top concern due to increasingly sophisticated digital threats   *Skills Shortages and Talent Demand: The accountancy & finance industry has struggled to fill roles in areas such as risk management, compliance, and financial analysis. There is a growing demand for finance professionals with expertise in data analytics, regulatory compliance, and sustainability. Large firms are addressing skills shortages through strategic acquisitions, training, and development programs, where the SMEs of London are hiring very board-skilled candidates with many strings to their bow.   *Sustainability and ESG: Environmental, Social, and Governance (ESG) criteria are becoming increasingly important in financial decision-making for senior management teams. This year London has evolved into the global leader for 'green finance', and with Starmer's Green Finance Strategy and the Taskforce on Climate-related Financial Disclosures (TCFD), brands we currently work with are implementing sustainable practices to reduce carbon footprints and support renewable energy initiatives.   *2025 outlook: Looking ahead, the focus for brands in London will be on innovation, sustainability, and leveraging technology to drive growth and efficiency. Those who can embrace innovation, stay updated on industry trends, and demonstrate strong technical and interpersonal skills will be well-positioned to thrive in this evolving environment.   We’ve worked with major consumer and hospitality success stories, finding their “first in finance” hire at seed stage and building finance teams for rapid growth. To learn how we can help you hire top finance talent and achieve your growth goals this year, get in touch to arrange a meeting. #cfoinsights #accountants #london

5 Insider Tips for Startups: Managing finances in a startup can be daunting, but with the right approach, you can set your company up for success. Here are some practical tips to help you navigate the financial landscape: 1. Establish Clear Financial Goals: Define your financial objectives early on and break them down into measurable targets. Whether it's achieving a certain revenue milestone, securing funding, or reaching profitability, having clear goals will guide your financial decisions and keep your team focused on what matters most. 2. Implement Robust Financial Systems: Invest in reliable accounting software and systems to track your finances accurately. Set up processes for invoicing, expense tracking, and financial reporting to ensure transparency and accountability. Regularly review your financial data to identify trends, spot potential issues, and make informed decisions about resource allocation. 3. Monitor Cash Flow Closely: Cash flow is the lifeblood of any startup, so it's crucial to monitor it closely and manage it effectively. Develop a cash flow forecast to anticipate future cash needs and plan accordingly. Implement strategies to speed up cash inflows, such as offering incentives for early payments or renegotiating payment terms with customers. At the same time, explore ways to optimize cash outflows by negotiating favorable terms with suppliers and minimizing unnecessary expenses. 4. Seek Expert Financial Guidance: Consider hiring a CFO partner or working with a financial advisor who can provide strategic guidance and expertise. A CFO partner can help you develop a comprehensive financial strategy, analyze key metrics, and navigate complex financial decisions. They can also serve as a valuable resource for investor relations, helping you communicate your financial performance and growth potential effectively. 5. Embrace Financial Agility: Startups operate in a fast-paced, ever-changing environment, so it's essential to be agile and adaptable in your financial management approach. Stay flexible and be prepared to adjust your financial strategy in response to market dynamics, emerging opportunities, and unforeseen challenges. Embrace a culture of continuous improvement and innovation, and don't be afraid to experiment with new financial initiatives to drive growth and profitability. By implementing these strategies and staying proactive in your financial management approach, you can position your startup for long-term success and sustainable growth. Which of these financial management tips resonates with you the most? Share your thoughts in the comments below. #StartupFinance #StartupTips #FinancialStrategy #BusinessGrowth #CashFlowManagement #StartupSuccess #Budgeting #FinancialPlanning #FinancialInsights #CFOInsights Brooks-Keret Financial Management Lee Shafrir

Have you recently started your new business? Are you thinking of developing it into a full time business or maybe you already have? Would you like some help with the financial side of developing your business. Maybe understanding how VAT works? Or how cloud-based bookkeeping systems will help you to manage your finances better? Or how to plan for growth over the next 12 months and track it? Then join me for the next Go Succeed online workshop for growing start-ups this Thursday 6 June at 1.00pm and find answers to your key financial questions..... Enterprise Northern Ireland #GoSucceed_NI #Develop #Growth #Startup #Finance

💼 RIA Startup Budget: Essential Guide for First-Year Financial Planning Practices Learn how to create a comprehensive RIA startup budget with our essential first-year financial planning practice guide. Discover key expenses, revenue projections, and financial strategies for success. In our latest blog post, we provide a detailed roadmap to help you navigate the financial aspects of starting your own RIA. Understand the crucial budget components and plan effectively for a successful first year. 👉 Read the full article here: https://lnkd.in/dXX5PjrR #RIA #StartupBudget #FinancialPlanning #BusinessSuccess #RevenueProjections #RiaFin

Unlock Your Startup's Financial Potential! 🚀 Growing a startup comes with its fair share of challenges, especially when it comes to managing finances. Hiring a full-time CFO may not be feasible in the early stages, but there's a solution! Discover how outsourced CFO services can drive financial growth and create a solid foundation for your business. From cost savings to strategic financial advice, find out how you can leverage expert guidance without breaking the bank. Key Benefits: ☑ Minimise early-stage costs ☑ Gain top-tier financial expertise ☑ Ensure accurate financial reporting and compliance ☑ Improve cash flow management and financial forecasting ☑ Enhance investor communication and prepare for capital raising Read our latest blog to discover how outsourced CFO services can provide strategic financial guidance, save costs, and drive growth for your startup. 👉 Book a Free Consultation with Equil Advisory Today! #StartupGrowth #FinancialManagement #OutsourcedCFO #EquilAdvisory #StartupSuccess #BusinessStrategy #FinancialAdvice #Entrepreneurship

Do you struggle with sticking to a budget? “The ability of organizations to adeptly manage their financial forecasting and budgeting processes stands as a cornerstone of success. These processes, while challenging due to uncertain economic trends, are vital for strategic decision-making and long-term planning. Budgeting and forecasting serve as the financial blueprint of a company’s future, enabling leaders to allocate resources efficiently, anticipate financial needs, and steer the organization towards its objectives.” If you need a budgeting guide, check out this article: https://lnkd.in/gFV6YRap #business #money #entrepreneur #finances #bookkeeping #startup #accounting