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When I talk to business owners about Chief Financial Services (CFO), it is common for them to ask me how much CFOs cost? The answer is that it depends. -
A few years ago, while working as a marketing company Controller, I found myself in a unique situation. I was a revenue generator. Each month, I would find up to $40,000 in missed billing. How could this happen? In a fast-growing company without consistent systems, this can happen quite quickly. -
You have probably heard the expression “Flying Blind,”. Maybe you have seen it used in the broad context of doing something by guesswork with no instructions. It turns out this phrase dates back to World War II. When the visibility for pilots gets so bad and they can't see the horizon, they have to rely on instrumentation to guide them through. -
A while back, I used to go to McDonald’s to meet with some friends every Saturday morning. I noticed an older man who would be there every time reading his Bible and praying. -
Do you have a financial forecast model in your business that is updated regularly? -
8 Ways to Make Your Company More Valuable Have you considered selling your business? Or, are you already set on selling? -
Do you ever wonder how profitable your clients are? Are you confused with your cash flow? Does it fluctuate a lot, or do you have to use a line of credit regularly? -
Price increases are usually subtle over time, mainly due to inflation. If you are not annually reviewing and increasing prices, you will likely see margins decrease. Usually, you can increase your prices up to 7% annually before most customers notice or complain. However, this varies by industry. -
Do you own or manage a business, and desire to improve profitability?