Are Non-Tech CEO’s Blind?

It has been said that Non-Tech CEO’s are blind in today’s business landscape. CEOs who work to stay in front of new technological advances, on the other hand, have an edge in guiding their companies to success in a digital world. Not only to enhance efficiencies and productivity but to stay vigilant in protecting the […]

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Mid-Year Evaluation: 4 Things CEO’s Should Do Now to Ensure 2015 Success

This time of year, many people are thinking of summer vacation plans; however, most CEO’s I know are thinking about their business. Specifically, they are thinking about the fact that this year is almost half way GONE! That said, CEO’s are an optimist bunch and quickly realize there is still half of the year LEFT […]

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Every CEO Should be Tracking these 5 Financial Metrics

Most CEOs believe they know their numbers. However, describing their revenues, employee headcount, and how much cash is in the bank is not much different from an individual sharing their income, how many children they have, or the available balance on their ATM receipt. CEOs of growing organizations need a more sophisticated picture of their […]

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5 Pillars of Financial Dominance for CEO’s

CEO’s hide a dirty little secret; many of us simply are not as good “with the numbers” as we’d like to be. And we make things worse by avoiding the issue. We’re quite open with our shortcomings in marketing, sales, human relations and operations, but we tend to change the subject anytime the discussion threatens […]

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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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Why Technical Innovation is a Financial Necessity

One of the hallmarks of a successful company is technical innovation. Innovation can boost market share, improve a company’s competitive advantage, and boost revenues. While exciting, though, innovation isn’t without cost. Small companies without chief financial officers (CFOs) can get so caught up in the thrill of creating new technology and adopting new processes that […]

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