The Herd Insights | NOVEMBER

Welcome to The Herd Insights, your premier resource for top-level business leaders and executives.

Each month, we curate and share a blend of perspectives on Buffalo Culture philosophy, leadership, and practical business advice with our distinguished Herd.

Let's get to it!

November Overview

• AI-Driven Predictive Analytics: How SMEs Can Benefit from AI in Financial Forecasting.
• The Evolving Role of CEOs in Supply Chain Management: Resilience in supply chains is no longer optional; it is a requirement for survival.
• 5 Mind-blowing Facts about Fractional CFOs that will Transform your Business. These aren't just numbers - they're a roadmap to transforming your business.
• Video: The Shocking Truth About Startup Survival Rates.

How SMEs can benefit from AI in Financial Forecasting

Leverage AI-powered tools to gain valuable insights and make data-driven decisions that were once only available to larger corporations. Explore how AI integration can benefit your Small and Medium Enterprise in areas such as:

1. Predictive Analytics
2. Cash Flow Management
3. Risk Assessment

??KEEP READING: How AI can help you scale your financial operations and adopt a strategic approach to overcome common SME challenges in financial forecasting

The Evolving Role of CEOs in Supply Chain Management

Resilience in supply chains is no longer optional; it is a requirement for survival. Disruptions can arise from various sources, including natural disasters, political instability, and economic fluctuations. A resilient supply chain can adapt to these changes and continue to function effectively, safeguarding the bottom line.

• Adaptability: The ability to pivot quickly in response to disruptions.
• Visibility: Enhanced tracking and monitoring of supply chain processes.
• Collaboration: Building strong relationships with suppliers and partners.

???CLICK TO READ

5 Mind-blowing Facts that will Transform your business

By optimizing financial strategies and identifying hidden opportunities, fractional CFOs don't just save you money; they help you make significantly more of it.

??CLICK TO KEEP READING EYE-OPENING FACTS

WATCH: The Shocking Truth About Startup Survival Rates.

FACT: Only a tiny fraction ever reaches ten million in sales.

MORE FACTS:

• Failure Rate: Studies show that small businesses without external leadership or counseling have a higher risk of failure within the first five years.
• Data: According to the U.S. Small Business Administration (SBA) and reports from Fundera: 50% of small businesses fail within the first 5 years. 70% fail within the first 10 years.
• Main Reasons for Failure: Poor financial management, lack of strategic planning, insufficient operational expertise, cash flow issues, and failure to scale effectively.

These failure statistics, though not optimistic, should encourage CEOs and founders to actively seek out external support and resources. The high failure rates underscore the importance of careful planning, market research, financial management, and industry expertise. By tapping into the knowledge and experience of advisors, mentors, or professional service providers, startup leaders can better navigate the challenges and improve their chances of building a successful, sustainable business.

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