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Category Archives: Blog

Determining the Right Funding Source for Your Business

Funding for your business can originate from a number of different sources, including family and friends to banks and institutional capital, so it serves business owners well to understand the advantages and disadvantages that accompanies each of these funding options prior to deciding which to pursue. It is common for business owners and leaders to …

Forming a Board – Key Considerations for Growing Businesses

For public companies, having a board of directors is both essential and required to protect shareholder interests, weigh key actions, and support well-informed decisions. While private companies don’t have the same requirement, a board of advisors or directors can nonetheless be just as helpful and important  to maximize business success. However, forming a board that’s …

When to Implement a Human Resources Information System (HRIS)

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When businesses are in their early stages, owners and leaders have to make many decisions on what they can and cannot invest in to move their business forward. For their HR functions, their focus is often on covering only what has to be covered, such as payroll processing or basic onboarding and compliance. Depending on …

Why Organizations Need and Benefit from HR Mentoring

The Benefits of HR Mentoring

Finding and hiring great talent is a near-constant priority for leaders of growing companies. And while attracting the right people to one’s business is crucial, it’s equally important to have a strategy in place to retain and grow employees in a way that maximizes their contributions as well as their satisfaction and professional development. Leaders, …

5 Characteristics of Great Finance, HR, and Recruiting Consultants

For CEOs and other business leaders who determine it may be necessary or valuable to bring in external consulting expertise to their organization, it’s important to consider the following characteristics to identify the right individual and approach to accomplish a successful engagement. And for consultants providing their counsel and skills, it’s equally important to objectively …

Someone Wants to Buy Your Business

Three Key Considerations One of the clearest signs that your business is successful and is seen as having definitive upward potential is when you receive an offer from a competitor, holding company, or business in an adjacent market inquiring about your willingness to sell. If divesting yourself of the business is not a primary near-term …

Finance Year-End

As Year-end Approaches, Finish Strong and Focus Forward As CEOs and other leaders come to grips with the reality of another year quickly coming to a close, many simultaneously recognize that it is a vital time to take stock of what needs to be done to strengthen one’s business and get it to where we …

Adopting a Strategic HR Focus at Year-end

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Like most organizational functions, Human Resources entails a variety of deadlines and milestones for initiatives and actions throughout the year. Naturally, the year-end period is no different. But for some leaders, a focus on checking tactical HR items off the list during this time can mean insufficient attention paid to charting the broader strategic direction …

Strategic Planning – 7 Common Mistakes and How to Avoid Them

As consulting CFOs who have led and participated in countless strategic planning sessions over the years, we have experienced first-hand the value that effective strategic planning brings to business. Strategic planning is a vital activity that helps an organization assess the state of its business, market, and resources. It determines priorities, identifies operational gaps, and …

Year-End Actions and Assesment for Recruiting and Staffing

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Year-end recruiting and staffing actions typically involve less of the mandated reporting and administrative activities that are common hallmarks of other functions like finance and accounting. Even so, CEOs and those concerned with attracting, landing, and retaining key talent for an organization should view it with the same level of importance. Below, we dive into …