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The headlines from the news media are quite depressing. Here are some from the time of this article in late November 2020.
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Anyone who has raised a teenager knows they can sometimes be challenging. If you have not raised one, try to remember how you thought and acted at that age. What if the business world acted like a teenager? What would happen? The funny thing is that many of us adults act like this from time to time, so you might find this convicting. I know I did.
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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.
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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.
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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.
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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.
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Do you have a financial forecast model in your business that is updated regularly?
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8 Ways to Make Your Company More Valuable Have you considered selling your business? Or, are you already set on selling?
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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?