Successful business owners and CEOs know that it’s important to cultivate a number of key relationships in the course of running their businesses. These include relationships with their attorney, accountant, financial advisor and outsourced CFO services provider. Another important relationship that should be carefully nurtured is the relationship with your business...
Any entrepreneur who has been in business for any length of time knows that it takes capital to run a successful company. But some business owners get so caught up in the product development, manufacturing and distribution, or sales and marketing side of their company that they neglect the...
With respect to the extremely important relationships small and mid-sized firms have with their partners and stakeholders, the people who have “put their money where their mouth is” in terms of backing up their beliefs in a business with cold, hard cash, it’s important for business owners and CEOs...
“If you’re not growing, you’re dying.” Many owners of successful small and mid-sized firms have taken this business adage to heart as they seek to grow their companies. This is especially true considering the growing economic and business optimism that has taken root nationally and here in Southern California...
No matter how diligent your company might be when it comes to performing credit checks on your customers, you might still sometimes have trouble collecting your receivables. In some industries, bad debt is considered an unfortunate cost of doing business. But there could be a silver lining to bad...
The prospect of going public in an initial public offering (IPO) has a certain romantic allure among many entrepreneurs and business owners. Some of the most famous companies in America made headline news when their shares were first offered for sale to the public, and IPOs of popular companies...
Transitions and change are always hard — but never more so than when a finance department leader or executive leaves the company. The challenge becomes especially difficult when the executive leaves or is terminated immediately, or suffers a tragic accident that leads to long-term disability or even death. In these...
In recent years, cyber security has become one of the top concerns for businesses of all sizes. We addressed cybercrime risk in our 2015 article – Is Cybercrime a Threat to Your Business? – and the risk has become even greater since then. Given the traditional role of the CFO as...
When they hear the term “mergers and acquisitions,” business owners and CEOs often visualize dealmakers wearing fancy suits in dark-paneled boardrooms, sitting around giant oak tables hammering out the details of multibillion-dollar M&A agreements. While this certainly happens, it’s not an accurate representation of all mergers and acquisitions — especially...
Prior to the enactment of the Affordable Care Act (ACA), many small and mid-sized businesses used Health Reimbursement Arrangements (HRAs) to reimburse their employees for the cost of individual and family insurance policies they bought. This was a cost-effective way for many firms to help their employees pay for...