My Framed Dollar Bill

The long standing tradition of framing the first dollar bill earned both honors and recognizes the very first customer and the very first dollar earned by that business. While this tradition is typically found in restaurants and bars, anyone who has started a company before can relate to the significance of this historic (and often […]

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Hurricane Irma’s On-Going Impact

Cleaning up from a storm is typically an arduous task. Nearly a month after Hurricane Irma took direct aim at Central Florida, recovery is still underway. The effort will bring a number of expected as well as unforeseen challenges for local businesses. Stage one of the recovery process centered on getting back to business – […]

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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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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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Financial Projections: Is a Surprise Around the Corner?

We have all done it. Reveling in that nice feeling of accomplishment after creating a great budget from a detailed analysis… only to have it blown within the first month of the new year. Can we avoid these unexpected curve balls? It is not likely that we can avoid them all together, but there are […]

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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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6 Reasons Why Your Business Needs a CFO

If you’re a CEO or business owner, there will likely come a point in your career where a chief financial officer will be beneficial in planning and managing the finances of your business. One of the biggest reasons why businesses fail is because they end up running out of cash. Though you might not need […]

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