Category Archives: Finance Consulting

Great Internal Systems = Reduced Risk = Proactive HR & Accounting Departments

When was the last time you took a good look at your internal software systems? As a human resources consultant, I frequently talk to companies that say they are not happy with their current payroll or HRIS (Human Resource Information System). They complain about: no reporting or insufficient reporting, too much time spent on data …

Do you “really” know your financials?

There is no better example of risk management than that of a Seattle heavy manufacturer who approved its annual budget in May 2008 and was ready for another banner year.  With five offices in three states and both domestic and foreign production, it supplied the construction industry for commercial and residential building. Despite the state …

What you need to know about crowdfunding

While attending a recent “CrowdFund Texas” event, I was struck by the level of interest for this new platform to raise capital funds. At first look, it’s easy to see why. Companies now have an opportunity to pitch their ideas and investment requests to the world online through dedicated crowdfunding sites, therefore greatly expanding a …

What is the basis for your capital need?

vcfo supports quite a number of companies that are looking to raise equity capital for their business. More times than not, there is very little basis for the dollar amount of the equity capital to be raised. Today’s capital markets are very difficult to begin with, so the more precision you can have around how …

My company is profitable, so why can’t I make payroll?

“Tom, I know I’m making money because I’m profitable every month. So why do I always struggle to make payroll? I was asked this question again last week – the answer is usually working capital and cash management. In this case, the answer was simple enough, once we looked at the company’s cash cycle. The …

Cash flow can “Trump” sales for business growth

I was talking to a friend of mine who owns a small security services business and his story was one I hear a fair amount so I thought it was worth sharing. To me he has a classic issue – cash flow management. If someone looked at his business from the outside they would get …

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 …

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 …

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 …