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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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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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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Identify and Address Bankruptcy with an Outsourced CFO

Many businesses face bankruptcy and restructuring, and addressing these troubled businesses requires both financial expertise and decisive action. Every business needs to watch for customers and suppliers that could file bankruptcy, forcing you to write off receivables or do without materials or components. An Orlando outsourced CFO can monitor your customer base and suppliers, looking […]

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An Outsourced CFO Can Increase Your Business’s Cash Flow

Cash flow is essential to keeping a business functioning. Even high growth and record profits may not be enough to offset a cash flow problem – incoming funds must meet or exceed outgoing cash. If your business is vulnerable to poor cash flow, an Orlando outsourced CFO can help you manage and control your cash […]

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What services are offered by an outsourced CFO?

As businesses grow, owners find themselves having to make more financial decisions, analyze more financial data, and answer more and more complicated financial questions. It’s rare to find the level of financial expertise that these actions require already available inside a small- or even medium-sized business. Still, these questions must be answered and these decisions […]

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