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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Does My Company Need a CFO?

For many small to midsize business owners, finding the right time to ingratiate a chief financial officer into your company is a timely and often difficult business development decision. After years of hard work and dedication, your company has achieved many of its business goals, your staff is cohesive and productive and your outlook for […]

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How to Build and Manage a Successful Relationship with Your Bank

As a business owner, one of the most important relationships you will form outside of your key management team is with your banking institution.  In order for this relationship to be truly beneficial, however, it is important that you first understand who your bank is, their mission and their strengths.  Do they have a strong […]

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Sustainability is a Key Driver of Financial Performance

One major function of chief financial officers (CFOs) is forecasting a company’s performance. And a performance indicator that’s rapidly growing in importance is sustainability. In fact, according to a survey conducted on behalf of Deloitte, 49 percent of CFOs surveyed said there is a significant link between sustainability and financial performance. And 36 percent are […]

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The Success of Your Merger Could Depend on a CFO

Mergers and acquisitions are a way to grow your business and increase your company’s value. They are, however, complicated processes that begin well before and extend long beyond the close of the deal. If your company is considering a merger or acquisition, you may want to retain the services of an outsourced chief financial officer […]

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Why Technical Innovation is a Financial Necessity

One of the hallmarks of a successful company is technical innovation. Innovation can boost market share, improve a company’s competitive advantage, and boost revenues. While exciting, though, innovation isn’t without cost. Small companies without chief financial officers (CFOs) can get so caught up in the thrill of creating new technology and adopting new processes that […]

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Is my company too small for CFO services?

Every company is different, with different business goals, financial requirements, and company structures. That means there’s no standard answer when you’re wondering if your business needs a chief financial officer (CFO). With an outsourced CFO, companies of all sizes can benefit from the skills and experience of a seasoned financial professional without paying the salary […]

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