Outside CPA vs. Strategic CFO: Why You Need More than just a CPA to Grow Your Business

In the small business phase of a company’s growth, the typical structure for accounting is to have an in-house accountant or bookkeeper and then rely upon your local or outside CPA firm for year-end financial statements and, most importantly, preparing and filing your business’s taxes. But as a company grows, your financial and accounting needs […]

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How to Think Like a Consulting CFO

Hired to Bring Solutions This is one of the main ways you’ll bring value to a client. You’re being hired to “bring solutions” for them. Either they don’t possess the knowledge, experience or the time to “figure” out the solution to an issue or challenge they have and this is where you step in. You’ll […]

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The Top 5 Reasons Why CFO’s REALLY get fired

Want to avoid getting fired or having to fire your CFO? While chemistry plays a huge role in the partnership of a CFO with a CEO and a Board of Directors, the core reasons that CFOs get fired come down to practical skills. Rarely does a CFO get fired solely because of personality. As I […]

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The Top 10 Reasons Why Meetings Can Be a WASTE of Time

“I think there needs to be a meeting to set an agenda for more meetings about meetings.” — Jonah Goldberg I believe most meetings are a waste of time. In fact, according to the Wharton Center for Applied Research, the average CEO spends 17 hours per week in meetings, senior executives an average of 23 hours and middle managers 11 […]

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The Top 5 Reasons Why People REALLY Don’t Take Vacations

Vacations are an endangered species, at least for the majority of workers in the business world. And, they are borderline EXTINCT for sole proprietors and small business owners. Here are the Top 5 reasons why people don’t take vacations anymore and afterwards, some actionable suggestions on how you can change that in your own world. 1. Too Busy […]

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10 for 10: 10 Critical Cash Flow Tips to Implement in 10 Days

While sometimes Cash Flow in your business or company can seem overwhelming, like steering a large ship with a small rudder, there are some cash flow strategies and tactics that you can implement instantly that can bring immediate results. 1. Invoice timely. When an order is shipped or a service delivered, invoice immediately. Set what I […]

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The 10 Most Dangerous Budgeting Mistakes & How to Avoid Them

As we near the midpoint of the year, it is wise to start thinking about next year’s budget process. But before you get into the details, regardless the size of your company, consider these Budgeting Mistakes and how to Avoid them. Remember, if you “fail to plan, you plan to fail.” 1. Not Aligned with […]

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10 for 10: Cash Flow Tips to Implement in 10 Days

1. Invoice timely. When an order is shipped or a service delivered, invoice immediately. Set what I call Turnaround Times (TATs) on your AR or Billing staff to invoice within 12-24 hours, maximum. 2. Cut the Paper. Use electronic billing. Essentially, automate your AR and Cash Receipts cycles. Your cash receipts (cash, credit card, ach, […]

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Memorial Day Gas Prices: The 4 Lessons to Apply to Your Business

The end of May brings Memorial Day and with it, the kickoff of the summer season and higher gas prices at the pump. Even though gas prices overall have been extraordinary low for a few years, you can count on one certainty: the Price at the Pump will be higher than it was in Spring. While […]

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The 7 Deadly Sins: The Worst Cash-Flow Mistakes Business Owners Make

Want to improve your business cash flow? Start by avoiding these 7 Deadly Sins. 1. Being a Bank.  I mention this every single time I talk about Cash Flow issues. You must be active and attack your Accounts Receivables. Never be passive. One of the worst cash-flow killers, especially for growing businesses, is lack of […]

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WHAT A TO DO LIST IS REALLY ABOUT

Want to truly become more Productive in your work? It all begins with your “To Do List.” Most people think of To Do Lists as merely lists. A compiling of things to do. You use some tracking system, whether on paper or on a computer, to document the things you need to do or have […]

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The #1 Trait of Pro Delegators

Want to become a Pro Delegator? You might need to change your delegation approach, along with your mindset toward delegating. Research has found that the LACK of Proper Explanation is one of the leading causes to poor delegation. So, this is s CRITICAL step. You must Explain or Outline the Objective of the Task in […]

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Why “Dictatorship” is Better than “Seagull” or “Mushroom” Management Styles

While we live in an ever changing and rapid “new school” world, when it comes to management styles, “old school” might actually win out. Collaboration and team-concepts are all the rage these days, but are they truly effective? Or, do old-fashion styles from the past still get things done in today’s fast-paced environment? Never heard […]

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The Art of Ignoring

As little kids, we’re taught to never ignore others. These are ingrained manners that are socially acceptable. However, this training hurts in the business world. The negative connotations of ignoring is another 20th Century concept that needs to be abandoned. Since the invention of the smartphone, which places communication of all types at our fingertips, […]

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Pick Your Poison: Phone, Email, Text or Social Media

Under constant bombardment in the information overload 21st Century, Time Management comes down to literally becoming infected by one of these primary methods of communication: Email, Text, Phone, Facebook, LinkedIn, Twitter, etc. These are all rivers of information flow and each one can be deadly if allowed to flow unrestricted. If all the forms are […]

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