Category: CFO Services

A Client to Spare

To do a good job as a CFO, I need reliable numbers to start with and financial goals to work towards. So, early into a new client relationship, I work with the owners to develop a monthly financial reporting package.  This helps both of us better understand the business from a financial perspective. As part… Read more »

The Annual Budget is Obsolete

I dislike the word budget. It suggests limitations, promotes a scarcity mentality and perhaps worst of all, it is boring. When is the last time you asked someone how things were going at work and they enthusiastically responded with “Fantastic! – I love the budgeting season, can’t wait to get started”? I believe most small… Read more »

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. After adjusting to the rather… Read more »

CFO = Chief Forecasting Officer

Forecasting

I have found in my career that one of the most common tools that are not in place for business owners is income statement, balance sheet and cash flow forecasting.  The role of the Chief Financial Officer in companies includes the duty of forecasting but in companies that don’t have an in-house CFO these duties… Read more »