As the owner or CEO of a mid-sized business, you make many decisions that impact the future direction and success of your company. These range from relatively small and non-critical decisions like choosing a janitorial or catering service provider to much bigger and more consequential decisions like hiring executives...
There is a very real and often substantial business cost that practically all Los Angeles and Southern California business owners and entrepreneurs are paying but probably aren’t aware of. I’m talking about accounts payable (AP) processing costs. You might not realize it, but paying suppliers and vendors can be...
The volume of email that is generated in today’s digital world is truly mind-boggling. About 109 billion business emails are sent and received every day from about 974 million business email accounts. Including personal emails, the total volume of email sent and received worldwide every day is close to...
When it comes to fraud and embezzlement, many Los Angeles and Southern California business executives may believe that this is not something that could ever happen to their businesses. “I know my employees,” they tell themselves, “and they are honest. They would never steal from me or my business.” However,...
Return on investment, or ROI, is one of the most recognized of all the financial measurements and ratios in the world of business finances and accounting. It’s the standard that’s used by business owners and entrepreneurs to determine how they will utilize their limited resources in order to maximize...
More Los Angeles and Southern California business leaders today are turning to outsourcing in an attempt to make sure that business tasks are performed in the most efficient and cost-effective way possible. Outsourcing can provide a number of concrete business benefits, such as helping companies conserve capital, control costs, improve...
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...
There’s no question that the allure of an initial public offering (or IPO) for CEOs and CFOs can be strong. Going public may represent the chance to cash in on a lifetime of hard work spent building a company, or to raise a large amount of capital to...
Engaging a CFO services firm is a big step for any company. It requires a serious commitment of resources, from both a financial and time perspective, so it’s not a step that a CEO should take lightly. As they weigh the costs and benefits of hiring a CFO services firm,...
Determining the break-even point is crucial to determining margins, which, in turn, aid in financial planning for the next year. Break-even analysis determines both the minimum amount of sales required to avoid a loss or to “break-even” at the end of the fiscal year and permits you to adjust...