The immediate aftermath of the financial crisis produced a credit freeze that made it difficult for even creditworthy Los Angeles and Southern California companies to obtain business loans to support working capital needs and growth. As the economy has gradually improved, however, the credit freeze has begun to thaw...
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. Understanding and Controlling Costs Cost containment is critical for wholesalers and manufacturers, given the...
In the course of our work with many wholesalers and manufacturers, we hear about the different financial and operational challenges these businesses face. In this new series of articles, we take a close look at both these challenges and the potential solutions that an outsourced CFO services provider can...
Every few months, it seems, a major natural disaster strikes somewhere in the world — reminding everyone how vulnerable we can be to the whims of Mother Nature. Most recently, it was super storm Sandy, which paralyzed much of the northeastern U.S. for weeks. And here in California, of...
Risk is involved in every aspect of life, but business leaders and entrepreneurs usually deal with a higher degree of risk than most people. Starting and managing a business is inherently risky, of course, and most business executives try to take prudent steps to reduce the risks inherent in...
Most people realize the importance of establishing and sticking to a household budget. This is the best way to make sure that household expenditures don’t exceed income during the month, forcing families and individuals to have to borrow money or use credit cards in order to make ends meet. The...
“Cash is king!” It’s an old business axiom that almost sounds cliché today, but you know what? It’s absolutely true. Most business executives focus heavily on sales and profits, and rightly so. Any company that doesn’t generate revenue and turn a profit won’t be in business for very long. But...
One of the more confusing things that business leaders sometimes have to deal with is the payment of state and local taxes, or SALT. Companies that conduct business in multiple states may be required to pay SALT, but many often aren’t aware of this obligation. Whether or not a company must...
In our last article, we talked about how to measure the success of a chief financial officer. The role and responsibilities of the CFO have increased dramatically in recent years, which has made it more difficult to measure CFO success. As the CFO’s responsibilities have grown, many companies have turned...
To gauge and measure an individual’s success in any job, there must be specific and measurable goals and objectives for the position. The chief financial officer position is no different. But as the role and responsibilities of CFOs has continued to grow and evolve, it has become more difficult to measure...