I was asked last week to explain the value of a CFO to a young entrepreneur who had started from scratch with a great idea, and built a pretty solid business before hitting the glass ceiling (no, not that one) where the financial infrastructure he had in place just...
Accounting is a foreign language. Or at least that’s how many CEOs and business owners see it. If they get monthly financial reports, they may only look at two numbers on the income statement – the top number (sales) and the bottom number (net profit). That...
I spoke with a CEO today, referred to me by a business associate, about providing CFO services to get their financial records current and their financial reporting up to what is needed to manage the business. It didn’t go as I had hoped. The CEO’s company, in the...
As everybody knows, nearly everyone has advice for the CEO/business owner, some of it sound, and some not so sound. But when all is said and done, when it comes to making a profit and translating that into cash in the bank, there are a handful of basic financial...
A CEO or business owner who is committed to strong performance in all areas of their company will recognize early on that neither they nor anyone else is an expert in all things. You don’t hire one doctor to handle everything that might go wrong with your health; you...
