Valuing a Company: How Knowing Your Business Value Can Boost Your Growth

“How big is your company?” When you ask the CEO of a public company this question, odds are they will respond with their business’ market capitalization, or value. Ask an owner of a privately held business the same question and you’re sure to get a very different answer. Usually, it’s sales, the number of employees, […]

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New Overtime Rule: 5 Key Considerations

Making rules is hard. Addressing the compensation and labor rules in our Country is long overdue. Fair and equitable compensation for our skilled workforce is also long overdue. However, the new wage threshold and overtime law is a financially significant change that will result in some possible pain points for companies, working hard to protect […]

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Financial Controller vs. Part-Time CFO for Small Business

Managing the finances of a small business can be, and often is, a full-time job. For many companies, hiring a full-time, qualified Controller can help alleviate many of the pressures placed on CEOs and other C-level executives. But is that always the best solution? What if there was a more strategic, more cost-effective way to […]

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Top 3 Pitfalls in NonProfit Grant Management

We have identified the top 3 pitfalls in grant management. Grant management encompasses the entire process of selecting grants to pursue, fulfilling the grant purpose, and adequately reporting on the grants as per the mandate. According to the Center for Effective Philanthropy, the activity associated with the actual management of the grant is estimated to […]

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CFOs Agree; Healthcare Industry Diagnosis is Poor

Declining quality of care, poor credit ratings, and high-deductible health plans just barely begin to address the primary concerns voiced by healthcare administrators today.   Financial Executives and CFOs across  health care segments agree, this industry’s diagnosis is poor. And the prognosis?  More challenges on the horizon. Researching a sampling of middle-market companies in Florida, we […]

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5 Key Focus Areas in Government Contract Accounting

Government contract accounting can be a very different animal for those not familiar with Federal Acquisition Regulation (FAR) regulations or changing mandates from the Hill. Why, just the FAR alone consists of over 2,000 pages of policies and procedures required by contractors, in addition to the specific performance guidelines outlined in the contract’s statement of […]

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Happiness Audit

Most CEO positions do not come with a job description, a performance review, or even a means of measurement. A Happiness Audit can help gauge your company morale and corporate culture. Unlike subordinate jobs, no one tells the Chief Executive how he or she is doing. Do managers let their CEO know when they’ve miscalculated […]

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The Company’s Financial Roadmap

In today’s high tech, rapid prototyping, dynamic marketplace, it’s hard to know what challenges you’ll be facing next week, much less next year. Does your company have a financial roadmap for success? Forget GPS or Google Maps, CEOs can’t afford to let their business run on autopilot, but need a detailed map to navigate its […]

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Backwards Budgeting: Begin with the End in Mind.

Backwards Budgeting may sound like an odd approach, but at CFO SP we begin with the end in mind. We often hear CEO’s 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 into […]

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Top 3 Metrics to Track Profitability

With the 4th quarter around the corner, now is a critical time to assess and project profitability metrics for 2015. There is still time to make changes to impact your bottom line for 2015 that will carry into next year. Entrepreneurs gravitate to measuring growth, increasing revenues, or focusing on daily operations when assessing current […]

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