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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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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