5 Pillars of Financial Dominance for CEO’s

CEO’s hide a dirty little secret; many of us simply are not as good “with the numbers” as we’d like to be. And we make things worse by avoiding the issue. We’re quite open with our shortcomings in marketing, sales, human relations and operations, but we tend to change the subject anytime the discussion threatens […]

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5 Signs You Need a Part-Time CFO

Most growing companies hit a point where they need a part-time CFO. Here are a few signs that this time has come: 1. Your financial reports do not inspire confidence: Your financial reports should provide timely and accurate visibility into your organization. They should be tailored to your company and industry, and include ratio analysis […]

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Financial Projections: Is a Surprise Around the Corner?

We have all done it. Reveling in that nice feeling of accomplishment after creating a great budget from a detailed analysis… only to have it blown within the first month of the new year. Can we avoid these unexpected curve balls? It is not likely that we can avoid them all together, but there are […]

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Top 5 for Every CEO to Prevent Fraud Now

 5 Things Every CEO Should Do Immediately, to Help Prevent Fraud Most CEO’s that have never fell victim to fraud in their organizations tend to believe it “just can’t happen to me”. We tend to be trusting of   employees that handle our finances because 1) we need things off our plate and this is […]

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Top 5 Tax Strategies for Year End

Top 5 Tax Strategies for Year End  Consider Deferring Income Depending on this year’s margins and profits, some Owners opt to defer income to the following year. Situational circumstances dictate when this strategy should be implemented. Tax brackets, for example, could impact this decision.   2017 Budgets and Forecasts This is a critical time to […]

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Budgeting and Forecasting Part 2: The CEO’s role in the budgeting process

Building your Backwards Budget  Next, work that bottom line figure backwards.  By factoring in capital expenditures or additional investments the CEO wants to make, we derive at net income for the upcoming year.  We then factor in fixed costs/overhead costs to come up with the gross profit margin needed, to achieve this bottom line. Finally, […]

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Budgeting and Forecasting Part 1: The CEO’s role in the budgeting process

Backwards Budgeting. Begin with the End in Mind. As a speaker and facilitator to CEO groups, I’m always baffled by the response I get when I ask CEO’s about budgeting and forecasting.  In a room full of well respected CEO’s, typically only 10% of them raise their hands that they have a budgeting process for […]

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Avoiding a Black Eye as a NonProfit

When operating a nonprofit organization, one quickly learns that handling money wisely, is paramount. Even the smallest misstep can result in an embarrassing situation for the Board of Directors. CEO, and entire organization, particularly on a slow news day.  We hope this will help in avoiding a black eye when running a nonprofit.   In the nonprofit world, the […]

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Top 3 Most Common QuickBooks Mistakes Small Business Owners Make

If you’re a small business owner that handles your own finances, you may have chosen QuickBooks to manage your accounting needs.  The issue is, without proper training, you may face challenges when balancing the numbers because you’re making common mistakes.   These mistakes can be avoided if you hire an outsourced CFO to handle your accounting […]

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Historical Financial Reporting vs. Future Financial Reporting

Did you know that financial reporting is necessary for business owners and it is highly recommended that you implement such reports on a regular basis. As a business owner, you should take the opportunity to learn as much as you can on finance to not end up like most failed businesses. There are many reasons […]

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