• 5 Reasons Companies Fail | Avoid Making a Business Mistake Business Mistake  Companies fail for a lot of reasons, but financial mismanagement is generally at the top of the list.  Here are five reasons why firms bite the dust, and how to avoid making a business mistake: Business ... Read more
  • How to Succeed in Business – Twelve Points For Your Business Compass Twelve-pointsHow to Succeed in Business = A Business Compass Every day, management and employees are faced with difficult challenges. At times confusion, uncertainty and frustration can slow or interrupt the organizations progress toward business success. These ... Read more
  • Bookkeeper vs Controller vs CFO: What Do They Really Do? Controller vs CFOMany business owners often ask what differentiates a Bookkeeper vs Controller vs CFO and why may it make sense to utilize the services of a CFO. Oftentimes, these owners become confused when identifying the role ... Read more
  • Does Franchising Work? Franchising Does It WorkDoes Franchising Work? – Preface As a B2B CFO® partner I have worked with a lot of smaller growth companies and it’s always interesting to learn a new business model and see how an entrepreneur makes money. ... Read more
  • Steven Covey – If Your Company Was A Soccer Team Steven CoveySteven Covey – Harris Poll Steven Covey in his book The 8th Habit, which I highly recommend, quoted the results of a Harris Poll of 23,000 U.S. residents employed full time within key industries and in ... Read more
  • The Benefits Of A Debt Free Company Benefits Of A Debt Free CompanyBenefits Of A Debt Free Company – Foreword How much debt financing is right for a business? In today’s low cost money environment, the ‘easy’ answer might be “as much as you need” because it is ... Read more
  • Accounts Receivable Management Accounts Receivable Management Accounts Receivable Management – Definition Just as a physician would not prescribe a patient’s treatment without first diagnosing the condition, companies should not propose changes in the company’s credit policies and procedures without thoroughly evaluating the ... Read more
  • Using Excel for ERP Reporting ERP Reporting ERP Reporting – Background ERP systems are very powerful software systems and I find they are often badly implemented in smaller companies. This often happens because the vendor or the customer underestimated the implementation cost, or ... Read more
  • When Employees Are Stealing Time Theft In A Service Environment Time TheftTheft – Introduction A quick perusal of statistics coming out of this recession has been the rise in employee theft. From petty cash misappropriations to stock shrinkage, employee time theft is on the rise. A study published ... Read more
  • Financial Ratio Analysis For Dummies Financial Ratio Analysis For DummiesRatio analysis.  Sounds like a fascinating topic.  Something I really need to spend my time on.  Right…. Most business owners react the same way.  And no wonder.  Ratio analysis can be dry as dust, impenetrable, complex ... Read more
  • Break Even Analysis and Cash Flow Analysis is Critical Break Even Analysis and Cash Flow Analysis is Critical – Today’s Economy In this tough economy, it is important for the business owner to review two critical analytical tools to ensure the success of his/her firm. Break ... Read more
  • Net Working Capital – The Lifeblood of Any Business Net Working CapitalNet Working Capital – Introduction Working capital (also known as net working capital) is a financial metric which represents the amount of day-by-day operating liquidity available to a business. Along with fixed assets such as plant ... Read more
  • Business Investment Analysis – Are You Making Wise Choices? Investment AnalysisBusiness Investment Analysis – Preface It is a sales axiom that people buy things based on emotion and seek out facts to justify their decision. I wish I could say that the axiom were true ONLY for ... Read more
  • The 3 Pillars Of Financial Management Financial Management3 Pillars of Financial Management – Introduction Well managed companies employ many tools to optimize financial performance, some of which can be very sophisticated. However, most of these fall within the basic “blocking and tackling” of ... Read more
  • Key Operating Indicators Key Operating Indicators (KOIs)How does a company monitor and measure its financial goals and performance? Generally the answer to this question is through its financial statements. However, monthly financial statements are not enough once your business becomes large ... Read more
  • Working Capital Problems Working Capital Problems Working Capital Problems – Does Your Business Have Them? Does your business have working capital problems? Let’s take a look at what working capital involves. Basically working capital falls into four main areas. These are: Cash Accounts Receivable Inventories Accounts ... Read more
  • Five Tips To Improve Your Company’s Financial Performance Five Ways To Improve Your Company's Financial PerformanceImprove Your Company’s Financial Performance  – Your Company’s Financial Pains Investor and billionaire Warren Buffet once said, “Only when the tide goes out do you discover who’s been swimming naked.” I think it’s suffice to say that ... Read more
  • What Is Meant By Business Potential Defining Business PotentialWhat Is Business Potential? I was sitting in a seminar this morning and the presenter mentioned, “reaching for the full potential of the business.” I quickly thought to myself, What is the definition of full business ... Read more
  • The Importance of Cash Management For Small Business The Importance of Cash Management For Small Business Cash Management is a critical activity for companies of all sizes, but I want to talk about the importance of cash management for small business. Assuring that a company has sufficient funds when and where ... Read more
  • How To Use Quickbooks – Adding Classes How To Use QuickBooks - Adding ClassesSomething that our clients commonly ask, “How to use Quickbooks?” “Specifically adding classes?” If you ever asked this question, continue reading to learn how to use QuickBooks like a pro. QuickBooks provides a feature called Classes ... Read more
  • Employee Theft | Is It Happening To You? employee theft  Employee theft is rampant in small to mid-sized businesses. It never ceases to astound people that a trusted employee could steal from their employer. It is happening every day. Large amounts are being stolen from businesses ... Read more
  • 5 Reasons Companies Fail | Avoid Making a Business Mistake Business Mistake  Companies fail for a lot of reasons, but financial mismanagement is generally at the top of the list.  Here are five reasons why firms bite the dust, and how to avoid making a business mistake: Business ... Read more
  • How to Succeed in Business – Twelve Points For Your Business Compass Twelve-pointsHow to Succeed in Business = A Business Compass Every day, management and employees are faced with difficult challenges. At times confusion, uncertainty and frustration can slow or interrupt the organizations progress toward business success. These ... Read more
  • Does Franchising Work? Franchising Does It WorkDoes Franchising Work? – Preface As a B2B CFO® partner I have worked with a lot of smaller growth companies and it’s always interesting to learn a new business model and see how an entrepreneur makes money. ... Read more
  • Steven Covey – If Your Company Was A Soccer Team Steven CoveySteven Covey – Harris Poll Steven Covey in his book The 8th Habit, which I highly recommend, quoted the results of a Harris Poll of 23,000 U.S. residents employed full time within key industries and in ... Read more
  • Business Investment Analysis – Are You Making Wise Choices? Investment AnalysisBusiness Investment Analysis – Preface It is a sales axiom that people buy things based on emotion and seek out facts to justify their decision. I wish I could say that the axiom were true ONLY for ... Read more
  • The 3 Pillars Of Financial Management Financial Management3 Pillars of Financial Management – Introduction Well managed companies employ many tools to optimize financial performance, some of which can be very sophisticated. However, most of these fall within the basic “blocking and tackling” of ... Read more
  • Working Capital Problems Working Capital Problems Working Capital Problems – Does Your Business Have Them? Does your business have working capital problems? Let’s take a look at what working capital involves. Basically working capital falls into four main areas. These are: Cash Accounts Receivable Inventories Accounts ... Read more
  • Five Tips To Improve Your Company’s Financial Performance Five Ways To Improve Your Company's Financial PerformanceImprove Your Company’s Financial Performance  – Your Company’s Financial Pains Investor and billionaire Warren Buffet once said, “Only when the tide goes out do you discover who’s been swimming naked.” I think it’s suffice to say that ... Read more
  • What Is Meant By Business Potential Defining Business PotentialWhat Is Business Potential? I was sitting in a seminar this morning and the presenter mentioned, “reaching for the full potential of the business.” I quickly thought to myself, What is the definition of full business ... Read more
  • The Benefits Of A Debt Free Company Benefits Of A Debt Free CompanyBenefits Of A Debt Free Company – Foreword How much debt financing is right for a business? In today’s low cost money environment, the ‘easy’ answer might be “as much as you need” because it is ... Read more
  • When Employees Are Stealing Time Theft In A Service Environment Time TheftTheft – Introduction A quick perusal of statistics coming out of this recession has been the rise in employee theft. From petty cash misappropriations to stock shrinkage, employee time theft is on the rise. A study published ... Read more
  • Financial Ratio Analysis For Dummies Financial Ratio Analysis For DummiesRatio analysis.  Sounds like a fascinating topic.  Something I really need to spend my time on.  Right…. Most business owners react the same way.  And no wonder.  Ratio analysis can be dry as dust, impenetrable, complex ... Read more
  • Break Even Analysis and Cash Flow Analysis is Critical Break Even Analysis and Cash Flow Analysis is Critical – Today’s Economy In this tough economy, it is important for the business owner to review two critical analytical tools to ensure the success of his/her firm. Break ... Read more
  • Net Working Capital – The Lifeblood of Any Business Net Working CapitalNet Working Capital – Introduction Working capital (also known as net working capital) is a financial metric which represents the amount of day-by-day operating liquidity available to a business. Along with fixed assets such as plant ... Read more
  • Key Operating Indicators Key Operating Indicators (KOIs)How does a company monitor and measure its financial goals and performance? Generally the answer to this question is through its financial statements. However, monthly financial statements are not enough once your business becomes large ... Read more
  • Working Capital Problems Working Capital Problems Working Capital Problems – Does Your Business Have Them? Does your business have working capital problems? Let’s take a look at what working capital involves. Basically working capital falls into four main areas. These are: Cash Accounts Receivable Inventories Accounts ... Read more
  • The Importance of Cash Management For Small Business The Importance of Cash Management For Small Business Cash Management is a critical activity for companies of all sizes, but I want to talk about the importance of cash management for small business. Assuring that a company has sufficient funds when and where ... Read more
  • Employee Theft | Is It Happening To You? employee theft  Employee theft is rampant in small to mid-sized businesses. It never ceases to astound people that a trusted employee could steal from their employer. It is happening every day. Large amounts are being stolen from businesses ... Read more
  • 5 Reasons Companies Fail | Avoid Making a Business Mistake Business Mistake  Companies fail for a lot of reasons, but financial mismanagement is generally at the top of the list.  Here are five reasons why firms bite the dust, and how to avoid making a business mistake: Business ... Read more
  • Accounts Receivable Management Accounts Receivable Management Accounts Receivable Management – Definition Just as a physician would not prescribe a patient’s treatment without first diagnosing the condition, companies should not propose changes in the company’s credit policies and procedures without thoroughly evaluating the ... Read more
  • Using Excel for ERP Reporting ERP Reporting ERP Reporting – Background ERP systems are very powerful software systems and I find they are often badly implemented in smaller companies. This often happens because the vendor or the customer underestimated the implementation cost, or ... Read more
  • How To Use Quickbooks – Adding Classes How To Use QuickBooks - Adding ClassesSomething that our clients commonly ask, “How to use Quickbooks?” “Specifically adding classes?” If you ever asked this question, continue reading to learn how to use QuickBooks like a pro. QuickBooks provides a feature called Classes ... Read more