Category Archives: Blog

Tactical versus Strategic

Having led quite a few strategic planning processes, I have found that most management teams struggle with the concept of developing strategies versus discrete projects. Most management teams jump directly into tactical projects that more often than not, do not result in the desired strategic outcome. Successful companies are typically those that develop strategic plans …

Defining what a CFO does

We get that question frequently, often from entrepreneurs who are growing their business. They are familiar with bookkeeping and perhaps accounting, but often not with true CFO-level financial management. The core responsibilities of a CFO might be summarized as follows: Accounting for transactions and economic events (usually through use of or supervision of an accounting …

Hiring in competitive market conditions

Are you prepared to battle for your next candidate? As a hiring manager, you should ask yourself this question before beginning the process of trying to hire your next team member. unless you already know the individual you want to hire, you can expect just that — a battle. So what do I mean by …

Don’t ignore your gut…

I can’t tell you how many times I hear from a client, “If I had only gone with my gut instinct I would never have hired this person, now I’m paying for it.” Ever have that situation or feeling? If you have done any amount of hiring, you have probably gone “against your gut” at …

Does insurance really cover your risk?

Similar to my blog post on taxes actually coming more than once a year, many businesses only think about risk one time a year. That time is typically when it is time to renew the property and casualty, general liability and D&O policies. For many businesses, this becomes a routine and mechanical process, when in …

The Single BEST way to prevent FRAUD – part two…

Let’s stick with the story of my colleague’s client who has suffered three separate embezzlements in as many years. In the last post I talked about basic internal controls for vendor payables – and there are more to consider than the one’s I mentioned. Internal controls are not sufficient in isolation, however. A clever thief …

Fraud – is it happening in YOUR Company? Part one…

I was talking to a colleague and he asked me for my thoughts regarding a particular client of his who was dealing with the issue of FRAUD. After we talked about it for a while, I realized this conversation would be very helpful to many business owners and executives who may or may not be …