Posts Tagged Entrepreneurship Risk

Will Your Company face Bankruptcy in 2017?

You may not know Edward Altman, but he knows an awful lot about your business — like whether your company will be bankrupt in the next two years. In the 1960’s Altman developed a corporate finance formula that will accurately predict business bankruptcy more than 90% of the time. The formula, called Altman’s Z Score, needs just 8 numbers — and all of them can be found on your income statement or balance sheet.

How healthy is your business? Take the Z Score Test and find out for sure.

Continue Reading »

What is Your Business Trying to Tell You? 5 Keys to Better Business Metrics

Business metrics

In my career as an entrepreneur, I’ve often fooled myself about what’s important and how to build my business. I’d go to work each day focused on results that are easy to see: making a sale, collecting “follows” on social media, tracking the website hits from my online advertising. And sure, […]

Continue Reading »

How to Live with your CFO: Fixing a Dysfunctional CFO-CEO Relationship

CFO CEO Relationship

The best way to build a strong, profitable and sustainable company is to start with a solid CFO-CEO relationship. In the best companies, the two executives are in lock-step, working together to realize a common vision. And in doing so, they divide the work, compliment each other’s strengths and have each other’s back.

When it works well, the interplay and support between CEO and CFO creates value greater than the sum of its parts and catapults the company past the competition. When it fails, the bad relationship can tear an organization apart at the seams.
Creating a great CFO-CEO relationship does not happen naturally. Like a marriage, the relationship takes time, effort and self awareness to understand how your work style impacts your CFO (and vice-versa).
If you and your CFO are not working together to build the strongest company possible, perhaps its time for some couple’s counseling. See if you recognize yourself in any of these three common relationship danger zones:

Continue Reading »

4 Strategies for Surviving Foreign Currency Exchange Risks

Manage Foreign Exchange Risk

Any business that deals internationally deserves to have a strong, forward-looking currency plan that supports the company’s overall financial goals and protects their profit margins. The re-valuation of the Chinese Yuan this week highlights a risk that most small businesses barely acknowledge: the cost and volatility of international money exchange.
If you’re buying raw materials from China, your costs suddenly increased by 4% (enough to wipe out the entire profit margin for some businesses), which makes foreign currency exchange a risk that you cannot afford to ignore.
How do you protect yourself against these kinds of risks? Here’s the 4 basics you need to know now…

Continue Reading »

Small Business Fraud: 5 Things You Must Do to Protect Your Business Now

small business frauds

Every year, two out of three small businesses fall victim to some level of fraud. Not all of them know it. Some never will. The damage may be small and contained … or it may still be growing. Worse, 80% of attempted small business fraud comes from outside of the organization. That means that your company’s financial data is most at risk after it leaves your office, where it may be completely out of your control.
How big of a problem is this? The average small business fraud victim lost $23,100 … but there are 5 key things you can do to avoid this fate.

Continue Reading »

How Financially Disciplined is Your Company? 3 Rules for Surviving any Storm

Thousands of companies closed their doors during the recession. After working with both the wounded and the survivors, I’ve found a clear reason why some businesses made it through the recession unhurt. Those that survived (and thrived) had 3 things in common, all related to their willingness to use finance tools to drive decision making. How financially mature and disciplined is YOUR business?

Continue Reading »

The CFO who Fired Himself

A funny thing happened to me during the 5th year of my 3rd start-up: I fired myself. The company continued on, but I walked away. Why? I could say that the company could no longer afford a CFO. (Sales had dipped during the recession, and I was working at half pay.) But that’s just an excuse.

The real reason I fired myself from the company that I helped start has everything to do with being a company owner and nothing to do with working in the company you own.

Continue Reading »

Missing My Mentor: Bill Manby (1942-2013)

I was privileged to have had Bill Manby as a business partner and mentor during the heady days of the Dot-Com Boom (and bust!) in Silicon Valley. I don’t know how we met — California’s Monterey peninsula was a small place — but it quickly became clear that we made a […]

Continue Reading »
Page 1 of 41234

Contact Us Today

Discover the benefits of having a a team of financial experts working for your business at a fraction of the cost of staffing internally! Get a free business assessment by contacting us using the form at the right.

Or just pick up the phone...

(980)-819-0510

FUSE FINANCIAL PARTNERS, LLC
5550 77 Center Drive #310
Charlotte, NC 28217
United State

David, Dan, Steve and Mac are looking forward to speaking with you!