Posts Tagged Operations

Is There a T.I.G.E.R. in Your Office? 5 Things Your Business Dashboard Must Do

Powerful Business Dashboards are TIGERs

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 […]

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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:

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How to Hire an Accounting Wizard (Part 1)

hire an accountant - hire a wizard

I recently hired several new accountants to join our staff — a task that I had been dreading for months. Drowning in a flood of mediocre resumes sounded like an administrative nightmare.

The average job posting gets more than 250 applications… but you really only want the 3 best. And if you could be instantly handed the ONE that was a perfect fit? Even better, right? With that in mind, recruiting seems like a huge waste of time… and yet the process is vitally important.

Happily, there are several ways to cut the time required and assure a much better outcome. Here is the first trick I found that saved me about 3 days of toil.

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Infographic: How Better Accounting can Help You Qualify for a Surety Bond or Contractor Bond

General contractors have long been required to purchase construction bonds to qualify for federal public works projects. These days, the practice is spreading to private projects too.  Now its more important than ever to qualify for a surety bond (or general contractor bond) no matter who your clients are. How can a GC qualify […]

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Flash Reports! Great Management Decisions Should be Based on Data

Flash Report Template XL

There are so many moving parts to worry about when managing your business. And to make a hard job even harder, accounting systems never seem to have a single report that draws all your most important data together in one place. Key Ingredients Instead of relying on 12 different financial reports, build one […]

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Buying a Company Fleet? Drive the Right Financing Deal

As if managing your business wasn’t enough of a challenge,  one day you wake up to find that your company needs a number of cars or trucks… and suddenly you are a fleet manager too.  Buying a fleet is no small task and deserves some careful thought.  Even having one […]

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6 Ways Tablets (Should) Power Your Business

Small business success means being more productive than the competition: Faster, better, cheaper. And there’s no tool that will make a business faster, better and more productive than a tablet computer. If your business is not tablet-ized, now is the time. Don’t shudder when you think about splurging on a […]

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Screaming Won’t Help when Too Much Cash Kills Your Business

I’m embarrassed to tell you that I actually screamed at a salesman over the phone today.  It takes a lot to get me worked up, but in this case I broke.  I simply wanted to PAY this guy, and he could not take payment over the phone. ME: “What? No invoicing?  No […]

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