New Year, New Opportunity

As the year comes to a close, many people reflect on where they are in their careers and personal lives. If you find yourself contemplating a change, please consider the following: At CFO Strategic Partners, we are dedicated to enriching lives – the lives of our clients and those of our team. Our culture is […]

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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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