Category Archives: CFO Consulting

Using Competitive Insights to Catapult Past the Competition

Top performing businesses assess their strengths and weaknesses and where they hold competitive advantages or disadvantages against their competitors.  Research and actionable information increase the odds of outperforming the competition.  Take a look at the following financial benchmarks implemented for vcfo clients and consider how you can achieve similar results in your organization. Increasing Cash …

Two Sets of Books for Revenue Recognition

You Will Have to Keep Two Sets of Books if Impacted by the New Revenue Recognition Standard. It is not too soon to be evaluating the impact of ASC 606 on their financial reporting and other aspects of their business. It is recommended that businesses undertake and impact assessment and develop an implementation plan and budget.  …

Seven Common Mistakes in Strategic Planning

Strategic planning can be critical to the success of a business. As a Consulting CFO, I have been engaged in many strategic planning sessions over the years and I find that there are common mistakes leaders make. Here are some examples and ways to mitigate the challenges.   Using an internal facilitator who does not …

The Guide to Long-Term Incentive Planning

What kind of long-term incentive plan should your business have? vcfo breaks down best practices to avoid employee turnover and how to encourage your employees to reach new goals by using long-term incentives and benefits. The Guide to Long-Term Incentive Planning Whether you’re seeking to keep good employees in a tightening labor market or desire …

Do You Need a CFO?

“Do I need a CFO?” This question pops up casually at almost every lunch or event I attend. And it’s not surprising for CEOs with good controllers and accounting managers to struggle with it. The lines between unique skill sets are blurred in many companies; however the differences are important and should not be overlooked. …

Bringing Your Business to Houston? Consider These Things to Avoid Costly Mistakes

According to a survey conducted among members of the LinkedIn Forum for International Expansion, the number one problem for companies expanding to new international markets was not knowing where to start or which questions to ask. Are you in the same place? Read more about important considerations for companies thinking about moving or expanding to …

Someone Wants to Buy My Business! Now What?

It’s the call many business owners dream of: out of the blue, a big competitor or maybe a holding company calls and says they’re interested in buying your business. Maybe you instantly start seeing big dollar signs, or perhaps you’re unimpressed, but either way, you’re probably thinking the same thing almost all of my clients …

The First Question Every Consultant Should Ask

When business owners call on consultants, they are often excited to jump straight into strategy or tactics for a project or process. After all, time is money and most business owners are motivated, action-oriented people. But the reality is that business owners and their leadership teams are usually going a million miles per hour, which …

From Passion to Profitability: Tips for Independent Breweries and Wineries

In the Pacific Northwest, craft beers, microbrews and local wines are highly celebrated and sought after. But if you work in the business then you know that local enthusiasm doesn’t make the brewing or winemaking business in Washington state or Oregon easy by any means. This post explores some key trends that are shaping business …

5 essential steps for navigating seafood business marketplace uncertainties

These are interesting times for seafood companies and fisheries based in Washington state. A confluence of factors, including changing ocean conditions and intense international competition are introducing uncertainties that complicate business decision making. It all begs the question of what seafood businesses can do to stay strong in the face of rapid environmental changes and …