Tag: profit

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 »

The Three P’s of Planning

Man Drawing Out Computer Strategy

People. Product. Profit. Those were the elements we used for the annual business planning process in the advertising agency where I spent a good many years of my career. Whether it was because I was part of the finance organization or just the reality of being part of a large, publicly traded entity with quarterly… Read more »

Do You Know Your Shot Conversion Rate?

JUNE 25, 2013 by Glenna Mileson The morning after the Miami Heat won the 2013 NBA Championship by beating the San Antonio Spurs 95-88 in an intense game seven, most businesses in America were filled with post game discussion. Even the most casual fan probably knew the score. And those who study the game of… Read more »