Survey results: How CEOs are handling economic uncertainty and COVID-19

CFO Strategic Partners recently conducted a brief survey to determine how local CEOs and business leaders are currently responding to COVID-19 and the related economic challenges.  We are pleased to have received a significant number of responses and to now share this information. Financial Outlook: Overall, 97% of respondents believe their organization will experience a […]

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Budgeting: Begin with the end in mind.

Backwards Budgeting may sound like an odd approach, but at CFOSP we begin with the end in mind. We often hear CEOs 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 put into […]

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Sales are up—but where did the cash go?

At one point or another, almost every CEO of a growing company has asked, “My sales are growing, but where is my cash?” CEOs tend to focus on revenue growth, which, as they quickly learn in times of rapid growth, can be very different than an increase in cash flow. So, where is the cash […]

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Managing cash – The lifeblood of the business

Do you have a plan for managing your working capital? Every company is different, and that means finding the right cash solution is far from one size fits all. Seasonality, supply chain or operational disruptions and competitive dynamics are all challenges to effective cash management.  Even growth can stress the best run companies. Staffing, overhead, […]

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Do you have unrealized profit in your company?

Companies are often focused on improving their bottom lines and with good reason—it directly relates to increasing profits.  It is often overlooked the impact a few tweaks can have on profit and the even larger impact it can have on a company’s sustained value. It’s important to work hard AND be smart about your efforts […]

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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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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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The Benefits of Accurate Inventory Forecasts

Accurate inventory forecasting is critical component of businesses that supply products. To be successful, your company must produce and deliver its products in a timely and efficient manner, and it’s not sufficient to know what inventory you have. It’s important to analyze the demand for your products and project your inventory requirements into the future, […]

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Rewarding Key Employees

As an outsourced CFO with our clients, many CEO’s have been asking us how to promote longevity and retention in key employees? When you have employees that have been with the company for a decade or more and have contributed to the growth of the company, how do you encourage them to stay long term? […]

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