“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...
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...
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...
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...
Most CEOs and CFOs are well aware of the importance of business planning and creating a formal business plan document. Not as many, though, give as much thought to strategic planning. In fact, many CEOs and CFOs believe that business planning and strategic planning are the same thing, but they’re...
In our last article, we talked about the importance of planning early and adequately for business succession. Failure to do so can have serious negative implications for both the business entity and the owner. One of the first steps in succession planning is identifying your primary succession goals. This will help...
Depending on their cash flow cycle, businesses often find that there is excess cash in their checking or operating account. Savvy CEOs and CFOs should strive to manage this excess cash for maximum return while minimizing risk and maintaining adequate liquidity. There are three main objectives you should strive for when...
As we discussed in an earlier article in this series, one of the first things a business owner or CEO should do before engaging a CFO services firm is establish a clear business case for doing so. The next step is to identify the areas of the business...