It’s ironic that many Los Angeles and Southern California business owners spend much of their lives working to build their companies, but they have very little (if any) idea of how much money their business is actually worth. Often, the idea of business valuation doesn’t even occur to owners...
It seems that there has been a lot written about accountability lately, whether this is accountability in our government leaders to the citizens they serve or accountability on the part of business leaders to their constituencies. I believe this should lead business owners and executives to ask themselves: How...
We’re excited to share a new complimentary white paper we’ve published this week:
Performance Measurement: At the Heart of Performance Management
We consistently hear Los Angeles and Southern California business leaders agree on the value of performance measurement and its role in successful performance management.
They also share...
Payroll represents a significant expense for most Los Angeles and Southern California businesses. Given this, it’s somewhat surprising how few owners and executives look at compensation strategically. Instead, most business owners simply try to determine what the going salary or wage is in their area for a particular job function or...
It is a commonly accepted fact in the business community that it is less expensive and more profitable for businesses to retain the customers they already have than it is to try to go out and obtain new customers. Research also bears this out: A study conducted by Bain...
It’s not uncommon for professional services and investment firms to be approached by businesses seeking financing. In our conversations with fellow professionals – at investment banks; law firms; and venture and equity firms – we frequently hear that they have or know of available financing, but many of their...
Owners of small and mid-sized businesses in Los Angeles and Southern California face many proverbial forks in the road throughout the lives of their companies. One of these is the decision about whether they should hire a full-time chief financial officer and, if so, when is the right time...
Though the business credit environment has begun to improve in recent months, as we discussed in a recent article, it is still difficult for some Los Angeles and Southern California businesses to obtain the financing they need to support working capital needs and growth. This is especially true for...
In this four-part series, we are taking a close-up look at some of the financial and operational challenges faced by wholesalers and manufacturers, as well as potential solutions that an outsourced CFO services provider can help implement. Pricing: Finding the Profitable Middle Ground Pricing is one of the most important aspects of...
In this series of articles, we are taking a close-up look at some of the financial and operational challenges faced by wholesalers and manufacturers, as well as potential solutions that an outsourced CFO services provider can help implement. Addressing Inventory Process Inefficiencies There is a wide range of inventory process inefficiencies that...