‘Financial Management’ Archives
Why Should You Develop a Business Plan for Going Concern, How to Do It, and How Do You Convert the Plan Into Action?
Why Should You Develop a Business Plan? For every startup the development of a business plan is a required first step. It is so obvious - business schools have course on writing the business plan and it is impossible to get funding without one. Teams coalesce around the labor. So, every startup has a business plan. For the going concern, [...]
Podcast – How to Hire a Part-time CFO
Five steps to hiring a part-time CFO to simplify your life. This podcast lasts for 8 minutes 49 seconds. A written format is available here.
How to Hire a Part-time CFO
In my earlier article, Seven Reasons to Add a CFO - part-time or full - to Your Team, I discussed the reasons to add a Chief Financial Officer (CFO) to your team. If you have not read that article you should do so before reading this one. The first step in the hiring process is to define the job you want filled. What specific results should the [...]
Podcast – Seven Reasons to Add a CFO – part-time or full – to Your Team
7 Reasons why you need to add a part-time CFO to your business team This podcast is 7 minutes 20 seconds long
Seven Reasons to Add a CFO – part-time or full – to Your Team
Many small businesses operate with only a bookkeeper and CPA to manage the finances. The owner or GM fills in, or at least think that they fill in, for all of the duties of a Chief Financial Officer (CFO). As a result owners of these businesses frequently have inadequate financial information to effectively move ahead. And, they are frequently [...]
Are You Afraid of Your Financial Statements?
I picked up this little book, Warren Buffett and the Interpretation of Financial Statements - the search for the company with durable competitive advantage (Scribner: New York, 2008), thinking that I might learn something valuable about the current economic mess and as a possible guide to shaping personal investment decisions. However, from the [...]
Product Line Analysis or Knowing Where the Profits Are
An important step for every business manager is to understand where profits are coming from. Too many managers are relying on the basic Profit and Loss statement that comes to them from their accountant. This is not always a useful management tool. Lets take a look at a situation where a web-based services company is experiencing good growth [...]
