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 […]
read moreSales 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 […]
read moreDo 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 […]
read moreFinancial 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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