Virtual FinPilot

11/09/2022

Do you know wealth grow at a much higher rate than income? It happens everywhere.

When building your business, is protecting and growing your financial health and wealth one of your main goals?

We at VFA, exist to do this for you.

Young people no longer able to rely on hard work to improve their living standards as they age, says IFS

11/05/2021

Whether you buy or sell a business/startup or invest in anything or anyone, you may not want to skip your due diligence. Especially, it is your money, your time and your life.

VCs, when investing with other people's money, may have the luxury to skip the due diligence process. But with your own money, don't skip it, even in the case of selling your own business.

Start-up investors have often suspended skepticism while chasing a hot deal. The trial of Ms. Holmes, the founder of Theranos, has put that behavior under the spotlight.

10/19/2021

Another great way to increase your runway to grow your startup.

Get up to $10,000 - Apply Today!

10/01/2021

Founder Traction Tips:

Before scaling your marketing or anything, focus on your customer+product development first.

09/13/2021

Canadian founders: It's tempting to use your active business to do all sorts of personal things like investing in crypto. But Don't. It may affect your tax, especially when you're planning to sell your business.

07/21/2021

Disclaimer: not a fan of WeWork but there are things we can learn from their start.

For founders: before worrying about raising funds for your startup, consider building traction first. How? You can build traction without thinking of sales: from your 1st customers to your first 10 customers, and then your first 100 to 1000.

As a Virtual CFO, I focus mostly on helping my clients build traction. Because without traction, your valuation doesn't matter much. Your projection will be off 100% of the time. Your finance also will take a back seat when there's very little to show.

The most difficult part is the beginning 10 customers. I'm not a big fan of WeWork but we can all learn from WeWork's early non-scalable lead generation and sales, the Starbucks part. Before learning how to fundraise, learn how to sell and build traction.

"Neumann was eager to rush these companies, and steal their tenants, before any presented a threat," a new book said about WeWork's early efforts.

07/14/2021

Cash flow is critical for keeping your startup running while you're building traction. However, too much cash is also a risk. I'm working with some founders/CEOs that like to hold onto cash, a lot of cash.

It takes some open discussions with insights and data to get them to see the risk. If you have the fortune to generate so much cash but are still on the fence about not deploying your money to good use, check out this great article by one of the best private equity investors in the whole world.

This is an appendix to Chapter 2, “The Big Cycle of Money, Credit, Debt, and Economic Activity” (and previous chapters from the series can be found here: Introduction and Chapter 1). It is intended to look at the concepts expressed in that chapter in a more granular way and to show you how these...

05/21/2021

After years in the finance & accounting world, but before starting my finance & accounting practice, before starting my startup, Wifa Global, I tried my hand at art dealing.

As a finance & accounting professional, the dealing art business used a whole different set of skills that were strange to me at the time. Passion alone didn't help.

Today I woke up to this news. Click the link to have a quick read.
https://www.linkedin.com/news/story/is-follow-your-passion-bad-advice-5455522/

03/28/2021

BC small businesses? Looking to grow your business online with funding? Check this out and we can help you with the proposal to get the funding and the ex*****on to get the job done so you can focus on serving your customers and doing what you enjoy the most.

As part of StrongerBC, B.C.’s Economic Recovery Plan the Launch Online Grant program will invest up to $12 million to help small- and medium-size businesses throughout B.C. move their business model online.