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The Frankenstein Monster – A Business Parable

Administrative Infrastructure

“The Continuum from Meatball Surgery to Rocket Science”

My son began watching “The Simpsons” when he was in his teens. Although I wasn’t particularly interested in cartoons at that time in my life I decided that I should check out what he was watching to maintain my street-cred.…

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Posted in Business Best Practices, CFO Services

Why Every Business Owner Should Implement a Budget, And How To Do So

Many business owners that I talk to do not have a budget or a business plan in place. “I’ve never had a budget or a plan, why do I need them?” and “If I had them what would I do with them?” are common comments, so much so that I now consider these comments “normal”.…

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Posted in Business Best Practices

Assess Risk When Developing Your Business Plan

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New COSO RM Framework out for Comment – June, 2016

Leaving opportunity assessment for another article, this article is written to address risk assessment. …

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Focus on Intangibles to Maximize Business Value

intangible assets knowledge brands trademark creativity idea patentMany business owners believe the best way to maximize the value of their company as they prepare for an exit is to focus on improving financial or operating performance.

My goal is to debunk that commonly-held belief.

Improving revenues and profitability will increase value, but not maximize it.  …

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Posted in Business Best Practices, CFO Services, Exit Strategies

Boiling Down Large Company Wisdom for Small Business Owners

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Small businesses do not have large administrative staffs but they can still utilize the published wisdom gained from decades of experience.

Successfully managing any company is an iterative process that requires constant assessment of all of the moving parts.  There is a need to continually respond to changes in the environment, to improved technology and to cultural shifts within our society as a whole. …

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Posted in Business Best Practices, CFO Services
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