Tag: CFO

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 »

Maximizing the Cash Generated by Your Business

Most articles published about maximizing cash in a business focus on managing the balance sheet (i.e. collecting accounts receivable, reducing inventory levels, extended payment terms, etc.). While managing these accounts is important, it does not reflect how cash is generated in the business. There are three sources of cash in any business: from lenders, from… Read more »

Why Every Business Owner Should Have A CFO On Their Team

CFO

Many of the business owners that I come into contact with are ‘successful’ while not having a CFO (Chief Financial Officer) on their teams: They are engineers, builders, medical professionals, attorneys, software developers, marketers, business coaches, etc., and are very good at what they do Their businesses have ‘been in business’ for several years, often… Read more »