Posts Tagged ‘cfo’

Remember What Your Business Is

Do you ever get so caught up in details that you essentially fail to remember what your business is? Of course this question is a little tongue-in-cheek as I doubt anyone truly forgets what they are selling. Rather this has to do with how we all can get so distracted by the nitty-gritty details of running a business that we Read the rest of this entry »

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Financial Literacy for Business Owners

If you are a business owner you may already be financially literate, but just how strong is that literacy? Even if you are there are likely some things your CFO, Controller, or in-house accountant can do to improve your understanding of your financial situation. On the other hand if you aren’t financially literate then these same people should be helping you to become so. Read the rest of this entry »

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Repetition Can Blind You to the Obvious

Like it or not, every business has things that need to be done over and over. Despite the necessity, this repetition can blind you to the obvious. Think about it. When something is repeated enough there is a tendency to operate on autopilot, and when we do that it is easy to Read the rest of this entry »

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Remote CFO

The term Virtual CFO is now heard fairly regularly. Is that an accurate description? Allow me explain.

What is Virtual?

Virtual is the appearance of being something though not actually what it appears to be. To understand this better, think of the term virtual reality. We hear that used in Read the rest of this entry »

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Expert Advice

None of us knows everything we need to be successful. So whose help do we need and where do we find it? The idea of a self-made man or woman is not reality. Yes, there are those who like to go it alone, but in the long run they will either fail or fall short of their potential unless they get expert advice somewhere along the way. Read the rest of this entry »

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Full Time or Part Time?

Have you ever wondered if your employees are really needed on a full time basis? Now as someone who provides part-time CFO and Controller services, I realize my view could be influenced by that. But, I’m writing really from observations over numerous years. So, here are some thoughts on whether full-time or part-time employees are needed.

Hired to Do What

While my focus is on the role of a CFO or Controller, I have noticed at numerous places that there are often people in fairly well paid positions in multiple areas actually devoting only a fraction of their time to tasks that require their greatest skills. In fact, it is really not that unusual that Read the rest of this entry »

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Company Crooks

This posting was prompted by an article I read about what to do when a company owner was committing fraudulent activities to evade income taxes. Whether the fraud is committed by an owner or someone else, let’s cut to the chase and call them what they are: company crooks. While I will not rehash the tax issue, I do want to touch on the issue of fraud from another vantage point; that of the employee or contractor/consultant who has knowledge of a fraudulent activity.

It Could Be Anybody

If you are in a position with a company where you have any kind of fiduciary responsibility this is for you. That not only means CFOs and Controllers, but Read the rest of this entry »

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