In this series of articles, we’ve been discussing the many different ways that businesses can benefit by hiring an outsourced CFO services provider, as well as the different roles in which this professional can serve. In this article, we’ll explain how an outsourced CFO can help your business by...
In a previous article we looked at the importance of planning early and adequately for business succession, including having the right management team in place that will be ready to lead the company into the future after you have stepped aside. With so many Baby Boomer owners set to...
In 2014, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) announced the creation of a new principles-based revenue recognition model. This new revenue recognition standard, which is referred to as Accounting Standards Update (ASU) 2014-09, will replace the current industry-specific GAAP rules with a single...
Many Los Angeles and Southern California business owners and entrepreneurs make sure they visit their doctor once a year for an annual checkup. This is the best way to uncover potential health problems early on, like high blood pressure or cholesterol, and treat them before they can lead to...
Most Los Angeles and Southern California business owners and entrepreneurs have heard of the concept of lean manufacturing, but many of those who own non-manufacturing businesses think that lean doesn’t apply to their companies. If this describes you, you should think again. The concepts that underlie lean manufacturing can be applied...
Travel and entertainment (T&E) is an important part of doing business for many Los Angeles and Southern California business owners and entrepreneurs. These businesses often need to meet face to face with their customers and stakeholders, and such meetings may involve traveling by air or car, staying overnight in...
Most Los Angeles and Southern California business owners and entrepreneurs are familiar with recent headline-grabbing cyberattacks on large organizations like the ones that have occurred at Target, Home Depot, Anthem Blue Cross and Sony Corporation. It is easy to think that cybercrime is only a threat to large corporations...
A growing number of Los Angeles and Southern California business owners and entrepreneurs are taking the time to serve as board members for nonprofit organizations in their communities. Serving as a nonprofit board member is a great way to give back to your community by volunteering your time and...
In today’s fast-changing business world, new technologies can render businesses and entire industries obsolete practically overnight. This makes it critical that Los Angeles and Southern California business owners and entrepreneurs develop strategies for dealing with rapid change. This includes planning for how their companies will compete not just today, but...
Los Angeles and Southern California business owners and entrepreneurs often find themselves in situations where they need to raise business capital for one reason or another. Maybe they want to grow their companies and need a capital infusion to purchase more inventory, add more employees or expand their operations....