While recent data indicates that the economy is growing, albeit very slowly, many Los Angeles and Southern California businesses are still navigating rough waters. This is especially true for businesses that suffered disproportionately to other businesses during the downturn, or those whose product lines are in an industry niche...
In their ongoing efforts to maximize efficiency, stay focused on their core competencies, and get more done with less, more Los Angeles and Southern California business owners and executives are starting to realize the many potential benefits of outsourcing. But some still think that they’re too small to outsource,...
Los Angeles and Southern California business leaders who want to grow their companies have two main options: growing internally (or “organically”) by increasing sales, or growing externally by acquiring another business. Organic growth is usually slow and steady, achieved over a number of years through disciplined sales, marketing and customer...
There are two main types of financial reporting conducted by Los Angeles and Southern California businesses: historical reporting, which looks back at past financial performance, and predictive reporting, which proactively looks ahead to future financial performance. While the vast majority of businesses concentrate most of their efforts on historical reporting,...
The CFOs of most Los Angeles and Southern California businesses juggle a lot of balls and wear a lot of different hats. A CFO’s main responsibility, of course, is to determine the financial direction of the company and then make sure that everyone who works in the finance function...
When two Los Angeles or Southern California businesses decide to merge together, one of the main reasons for doing so is to capitalize on synergies. This includes synergies in the finance and accounting departments. In fact, the total cost of the finance function can be reduced by up to...
Our federal government is engrossed in yet another budget showdown between Republicans and Democrats. Since the heady days of the 1990s, when our federal government actually ran budget surpluses (if you can believe that), the federal government has been running budget deficits that grow larger and larger each year....
Undergoing an audit involves a tremendous investment of resources — in both money and time — by Los Angeles and Southern California businesses. In return, business leaders should rightly expect to receive an accurate financial presentation that’s in full compliance and completions of the audit in a timely manner,...
Many Los Angeles and Southern California business leaders have adopted the practice of measuring company performance by monitoring key performance indicators (or KPIs). However, monitoring KPIs is just the first step in gauging business performance. There needs to be some standard against which KPIs are measured and compared. The process...
You have probably seen it before: A client has pressing financial and operational challenges and knows they could benefit tremendously by bringing in an outsourced CFO services provider to help deal with them. But when it’s time to make the commitment to engaging the services provider, they hesitate, unable...