Last time we looked at nine warning signs that your business might need a transformation or major tune-up. This time we’ll talk about how to get started, with four improvements in management information and financial reporting. In short, to make better decisions with better data, you need to: 1. Correct errors in your […]Continue Reading » →
Last time we defined business transformation and its role in a thriving business. How can you know when your business might need a transformation or major tune-up? Here are nine warning signs that you may be overdue. Is your financial data accurate and correctly organized? Lack of good financial reporting […]Continue Reading » →
Business transformation is the purposeful change in business processes, systems, products, organization and culture, in response to changing market conditions. Does your company need it? If you face any of these challenges, the answer is likely “Yes”…Continue Reading » →
There are hundreds of ways to look our business – we can spend hours staring at financial statements and ratios. But financial statements alone won’t help us make progress…what an entrepreneur really needs is a map. A great “business dashboard” can be that map, showing us not just where we […]Continue Reading » →
Hiring a CFO is tough: No other role will be so crucial to your success, so getting the right chemistry, skill set, experience and personality is vital. Its no wonder that more and more business owners are outsourcing the CFO role using a Part Time CFO or “Fractional CFO Service”.
But not all Outsourced CFO service providers are the same. Let’s take a look at the three most common CFOs and the ways they work with – and within – a business. Which one is right for you: The Cowboy, the Rain Maker or the Swat Team?Continue Reading » →
Time and again I hear of entrepreneurs complaining about a lack of accurate books – but in the same breath say that they have been with their accountants for so long that they couldn’t possibly leave. Sounds crazy, right? Sure, your relationship with an accountant feels personal. But how bad […]Continue Reading » →
We’re in a time when anyone can spend a few hours on YouTube and learn almost anything — from brewing your own beer to making a better soufflé.
Even so, no one would try to learn to be a surgeon, or to fly a plane, or embark on any number of highly skilled tasks without expert coaching. So why is it that so many business owners take on the task of accounting without so much as consulting a professional finance person? Here’s the 4 warning signs for DIY Accounting… are you falling victim?Continue Reading » →
It’s a shame, really, that we have to interrupt our joyous year-end holidays with gut-wrenching year-end tax planning… So to minimize the pain, I’ve put together a quick list of the 6 things I think you should know this year. Put down the fruitcake and eggnog for just a second, […]Continue Reading » →