It’s not unusual during times of economic uncertainty for businesses to outsource noncore functions that don’t directly contribute to the bottom line. According to the U.S. Small Business Administration (SBA), the most commonly outsourced small business functions include marketing, information technology, human resources, research and...
How much attention do you pay to big-picture finance solutions for critical and day-to-day financial challenges? If you’re like many mid-sized business owners and CEOs, the answer is probably “not nearly enough.”
With countless priorities demanding attention – along with the occasional fire that has to...
Ask any CFO if his or her role is becoming more difficult and you’ll probably get an enthusiastic, “Absolutely!” Most CFOs today are expected to be more than just finance executives — they’re also expected to be business advisors and strategic partners alongside other members...
At some point or another, every business owner and executive will face finance challenges. Some will be fairly small with relatively minor consequences, while others will have potentially significant consequences in the future.
When facing these business finance challenges, you will encounter choice points in several...
For years, businesses in a wide variety of different industries have realized the benefits of implementing a recurring revenue or subscription usage-based business model. With a recurring revenue model, the initial sale of a product or service is just the beginning of a potential ongoing...
There are many entrepreneurs and business owners who have great ideas for new businesses. Many of them even have experience with business operations and management and expertise in a particular industry or with a specific product or service.
What keeps many of these prospective entrepreneurs from...
In recent weeks, the “R” word has been cropping up more frequently among economist and pundits when discussing the U.S. economy. I’m talking, of course, about recession. Now is a good time to take a proactive stance and begin preparing for a recession with contingency...
One of the most important financial decisions that corporate executives must make is how to formulate their capital allocation framework. Unfortunately, the capital allocation process at many companies leaves much to be desired. As a result, opportunities for generating shareholder value are often missed —...
I recently read a CFO.com article1 in which the authors discussed the demanding processes a CFO will be required to address when a private equity partner enters the picture. There’s no question that taking on a private equity partner will result in changes and increased...
One of the most underutilized resources at many mid-sized firms is the in-house accounting department. While devoting lots of resources to the department in terms of both money and time, many businesses don’t gain the accounting department ROI that they should.
A common reason why is...