Backwards Budgeting may sound like an odd approach, but at CFOSP we begin with the end in mind. We often hear CEOs admit that they do not have annual budgets in place. The reasoning is always the same; “It’s a laborious process and I don’t see value. After all the time and effort put into […]
read moreAt one point or another, almost every CEO of a growing company has asked, “My sales are growing, but where is my cash?” CEOs tend to focus on revenue growth, which, as they quickly learn in times of rapid growth, can be very different than an increase in cash flow. So, where is the cash […]
read moreCompanies are often focused on improving their bottom lines and with good reason—it directly relates to increasing profits. It is often overlooked the impact a few tweaks can have on profit and the even larger impact it can have on a company’s sustained value. It’s important to work hard AND be smart about your efforts […]
read moreMost 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 […]
read moreWe 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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