by Adventum | Feb 11, 2025 | Uncategorized
According to an article from Luiza Zhou, 18.4% of businesses fail within the first year, and 49.7% within the first five years. Most industries are incredibly competitive these days, so you need to make sure you’re using the best strategies when trying...
by Adventum | Jan 14, 2025 | Uncategorized
Nearly half of failed small businesses in 2022 were due to running out of cash according to a report by CNBC. More often than not, this is a result of poor financial management. With part-time CFO services, businesses gain expert guidance to monitor and...
by Adventum | Dec 10, 2024 | Uncategorized
Since 47% of startup failures in 2022 were due to a lack of financing, it’s always crucial to prioritize the way your company manages its money. Finding and vetting a full-time CFO can be an arduous process, but leveraging interim CFO services is...
by Adventum | Nov 5, 2024 | Uncategorized
According to Entrepreneur Media, 20% of small businesses fail within the first year, and this goes up to 70% within a decade. Running a successful business can be challenging, especially when you’re trying to grow that business. Making use...
by Adventum | Oct 15, 2024 | Uncategorized
Some US companies do not hire a CFO until they generate at least $50 million in revenue. It is a common practice, as many may not have the resources for the role. Even larger companies face similar challenges. According to an article in Industry Dive, 25% of them...
