With the supposed economic recovery still trudging along in fits and starts, many Los Angeles and Southern California business owners and executives are finding that it’s still difficult to obtain working capital financing for their companies. This is true even though we are now nearly five years out from...
New startup businesses in greater Los Angeles and Southern California face a wide variety of different kinds of challenges. These challenges can be daunting even in the most favorable circumstances, but the ongoing difficult economic environment nationally and in Southern California can make starting a new business even harder...
Have your Los Angeles and Southern California small business clients ever asked you for help in managing their finances? Such a request is not uncommon for professionals in your position. When making such requests of bankers, investors and financiers, small business owners and executives often share their financial statements...
It’s an old cliché, but it’s true: You have to learn to walk before you can run. This comes to our minds sometimes when Los Angeles and Southern California business leaders ask us to help them with advanced financial initiatives like making financial projections, performing cost analysis and managing...
In your position, there’s a good chance that your Los Angeles and Southern California small business clients may sometimes ask if you can refer them to someone who can provide outsourced financial consulting or CFO services. When this happens, what criteria do you use in making such a referral?...
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...
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...
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...