+234-708-828-6623 Mon-Fri : 08:00 - 18:00
info@mycfong.com
Strategy

Category

mycfong-outsourced-cfo

The Advantages of Outsourced CFO Services for SMEs and StartUps

Discover how outsourced CFO services can turn your SME's financial chaos into clarity. Gain expert insights on cash flow, budgeting, and risk management—without the overhead of a full-time hire. Grow...
Read More
mycfong-cash-flow-and-profit

Cash Flow and Profit: What Matters More for Your Business?

Unlock the secrets to balancing cash flow and profit with actionable strategies designed for SMEs. Learn real-life tactics, explore expert tips, and boost your startup's financial health for sustained growth...
Read More
mycfong-effective-supply-chain-management-boosts-profit

How Effective Supply Chain Management Boosts Your Profits

Streamline your SME's operations and skyrocket profits with expert supply chain management—discover how strategic improvements can transform your business.
Read More
mycfong-business-forecasting

Master Business Forecasting: Essential Guide for SMEs

Business forecasting transforms market uncertainty into actionable strategies, helping SME owners boost efficiency and profitability.
Read More
mycfong-data-analytics-trade-payables

All You Need to Know to Master Project Accounting in your SME!”

Project Accounting is vital for Small and Medium Enterprises (SMEs) to manage project finances, assure their viability, and guide smart resource utilization. It involves principles of transparency, consistency, accuracy, timeliness,...
Read More
mycfong-product-costing

Price it Right: Uncover the Perfect Product Costing Blueprint for SMEs!

The article provides an in-depth guide on product costing for SMEs. It explains the importance of accurate product costing, challenges SMEs face in it, and reviews different traditional and modern...
Read More
mycfong-breakeven-point

What’s the Secret to Achieving Break-Even Brilliance for SMEs?

Discover the essence of Break-Even Analysis for SMEs as it acts as the gateway to achieving profitability. It is crucial for every Small and Medium Enterprise (SME) to understand their...
Read More
mycfong-sme-pricing-strategies

The Comprehensive Guide to SME Pricing Strategies

1.0. Introduction to SME pricing strategies1.1. The Price Puzzle: A Stumbling Block for SMEsOne challenge that stands tall for SMEs is pricing. It is not merely about covering overheads or...
Read More
mycfong-loss-leader-strategy

The Comprehensive Guide to the Loss-Leader Strategy for SMEs

1.0 Introduction to the Loss Leader Strategy1.1. What is the Loss-Leader Strategy?Businesses are constantly finding new ways to boost sales. One popular method is the Loss-Leader Strategy. Here, a product...
Read More
mycfong-buy-or-lease

Navigating Buy or Lease Decisions for SMEs

1.0 Introduction to Buy or Lease OptionsEvery Small and Medium Enterprise (SME) faces the crucial decision of whether to buy or lease assets. This choice affects its financial health and...
Read More
mycfong-financial-literacy

The Crucial Role of Financial Literacy in Today’s Workplace

1.0 The Rising Need for Financial Literacy in the WorkplaceBusinesses today need their employees to understand finances. This is not just for company decisions but also personal financial well-being. This...
Read More
mycfong-finance-talent-management

The Comprehensive Guide to Finance Talent Management for SMEs

1. Introduction1.1. Understanding the Critical Role of Talent Management in FinanceFinance Talent Management in today’s business world is more than just hiring individuals who are good with numbers. It involves...
Read More
mycfong-digital-finance-talents

Digital Finance Talents Acquisition and Retention: The Emerging Challenge for SMEs

Chapter 1. Introduction1.1 The Digital Era: Impact on SMEsThe technology space is changing in the digital era, affecting even SMEs. Machine learning, AI, and data analytics are impacting SMEs’ operations....
Read More
myCFOng-Digital-Finance-Talent

Digital Finance Talent: The New Frontier of Growth for SMEs

1.0 Embracing the New Normal: Digital Finance TalentDigital technology is transforming the finance world in this fast-paced era of change. SMEs must ensure that everyone can adapt and thrive amidst...
Read More
mycfong-revenue-diversification

Step-by-Step Guide: Implementing a Revenue Diversification Strategy for SMEs

1. Introduction: Understanding the Need for Revenue DiversificationSmall and medium-sized businesses need to earn money from multiple sources. This is to protect themselves from changes in the market and consumer...
Read More
mycfong-profit-maximisation

How SMEs can implement profit maximisation financial strategies

IntroductionSMEs need strong financial strategies to help them through tough times and stay competitive. One good strategy is to focus on making as much profit as possible. We call this...
Read More
mycfong-debt-optimisation

Debt Optimisation Strategies for SMEs: A Comprehensive Guide

Introduction to Debt OptimisationDebt optimisation is important for small and medium businesses to manage their debt. This helps them stay financially stable, have more cash, and make more profits.It is...
Read More
mycfong-cost-control

5 Practical Steps to Overcome Cost Control Challenges in SMEs

You may have heard the saying, “Keep expenses low and productivity high.” Businesses thrive on it but managing cost control in a small or medium-sized enterprise (SME) often balances resource...
Read More
mycfong-capital-optimisation

A Step-by-Step Guide to Capital Optimisation for SMEs

IntroductionImplementing a capital optimisation strategy is crucial for SME growth and sustainability. SMEs must manage their money well to make the most money and take advantage of chances to grow.This...
Read More
mycfong-strategic-partnerships

Implementing Strategic Partnerships Financial Strategy: A Comprehensive Guide for SMEs

Introduction: Power in Strategic Partnerships for SMEsSmall businesses can use strategic partnerships for growth and competitiveness. SMEs need more resources, market reach, and economies of scale.Strategic partnerships can help address...
Read More
mycfong-cost-leadership

Unlocking SME Growth: A Comprehensive Guide to Cost Leadership Financial Strategy

Introduction to cost leadership financial strategy for SMEs.Small and Medium Enterprises (SMEs) need a financial strategy called cost leadership. This means saving money in all business areas while keeping quality...
Read More
mycfong-implementing-financial-strategies

Uncover the Secrets of Implementing Financial Strategies for SMEs

The Imperative of Financial Strategies for Small BusinessesWhy Small Businesses Often Neglect Financial StrategiesMany small businesses need to pay more attention to implementing financial strategies. First, they may need help...
Read More