Most business owners think of Working Capital as the amount of cash they have in the bank. But CPAs. financial analysts, advisors and bankers define it as the difference between current assets and current liabilities. One sounds simple and easy to understand, the...
Smaller companies often do not have the resources to hire a CFO, even a fractional one, yet those intent on succeeding, growing, and profitably exiting have financial issues to address that are often more critical to their survival than they would be in a larger...
Remember the last time a member of your management team, or a valued worker, come to you with a “great new idea” to help the company get better at something – a new machine that will shorten processing time, a new software service that will help you sell more products...
The literature typically calls them KPIs, or Key Performance Indicators. I used to call them Critical Performance Factors, or CPFs, before the idea became popular and in every consultant’s toolkit. Whatever you call them, the financial KPIs should be collected and...
As we urge every CEO and business owner to do, we compare actual results with the projections the client made at the beginning of the year, whether it’s a formal budget with staff accountability or not, and we ensure a discussion with management follows. Even without...
