"Growth is Good " – We understand your problems. – Are you ready for the solution?
Jeffrey Pomeranz wrote this on LinkedIn: Don’t forget about audit rights. A deal has compensation / fees tied to performance. If a certain threshold is achieved, then payment will be remitted. The problem is the party expecting payment will have no visibility into the actual performance. Sure, the payee may be aware of certain business […]
Read More »We’ve written about this before, but it bears repeating Popular thinking Most people in business when they think of the budget/forecast (there is a difference, but most people use the term interchangeably, so we won’t get technical) they think CFO or Controller as the responsible party. Most people would be wrong! While the CFO has […]
Read More »I was involved in a start-up where I was the CFO. Like most start-ups, no matter how well or how badly funded, money is tight, and accounting isn’t a priority. I disagree with this premise, and you’ll see how myopia comes back to bite the ownership in the proverbial bottom. Business Planning Believe it or […]
Read More »Budgets/Forecasts While there is a difference, for the typical owner, it is an interchangeable term. So, we’ll stick with that concept. Do you budget? Do you budget for 1-month, 3-months, 12-months or longer? If you don’t, why? A budget is a forecast (like that, used both terms in a span of 3 words) of what […]
Read More »Every time there is a catastrophic event, I ask my potential clients if they have an emergency plan, a COOP (Continuity of Operations Plan) and a business plan. I’m not surprised at the answers, but you may…. The answers are Nope, Nope and yes. They have a business plan. How complete it is, or up […]
Read More »Karley Chynces wrote in a LinkedIn article on December 21st, 2021: This morning I was at the gym at 5:45 AM. I counted maybe 10 cars in the parking lot of a gym that has THOUSANDS of members. All those thousands of people who have a membership, maybe a couple hundred go on a regular […]
Read More »A popular topic in the news is the great resignation. And with this great resignation, is the prolific hire. But, as we are hearing on news and LinkedIn, companies can’t find employees. Maybe its because hiring managers are adhering to job requirements that are no only outdated, incorrect, erroneous, onerous and creating a silo that […]
Read More »Remembering those who gave and those who gave all, on December 7th, 1941, Pearl Harbor Day.
Read More »A recent report from the Financial Executives International’s Financial Executives Research Foundation has some interesting highlights. The report outlines those startups that bring on a CFO sooner than later do better. Startups and the CFO “For a startup company the CFO is probably going to sit at the intersection of finance and strategy as well as, depending on the […]
Read More »Why do we buy a certain brand? What is it that attracts us and keeps us as customers, especially in this fickle world of diversified selections, price wars, and bombardments of advertising gimmicks? It is because we’ve grown accustomed to that brand giving us the same experience yesterday, today and tomorrow. It is consistently. Moreover, when they try to change […]
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