Category Archives: Finance

The Foundation of Operations: Building a Strong Team and Mentoring its Growth

From an accounting and administrative perspective, operations is about team management. As the leaders of the team, we are responsible for making sure that our internal customers, who are also our co-workers, are able to function and perform at an optimal level. Building a strong team starts by hiring strong employees. Recently, I read a LinkedIn article …

7 Tips to Better Financial Forecasting

Financial forecasts are one of the most important business planning tools, if not the most important planning tool available to a company’s managers. Without a sense of where you are expecting your business to grow (or shrink) over some period of time, it is unlikely that your management team will be effective in executing on …

How You Can Improve Your 401(k) Plan

How You Can Improve Your 401(k) Plan 1. Contribute. Not saving is one of the biggest challenges to retirement readiness. If you don’t think you can afford to save, you should start small… saving even 1%. When you are able to increase your contribution, do so and stay with it. 2. Work the Match. If …

Elevator to Exit: Hein, vcfo and Dailey Presentation

vcfo recently co-sponsored an event for clients and guests entitled “Elevator to Exit”, covering a company’s life cycle from a financial and capital perspective. The presentation, as well as a handout summarizing the company life cycle and actions needed, is available on the vcfo website. Presenters included David Hieb, Partner of Dailey Partners, Carter Freeman, Managing …

A CEO’s Thoughts on CFOs and Financial Talent

I have been a Chief Executive of private and public companies for over thirty three years. I am just now starting to get the hang of it. Along the way, I have learned a few things that I wish I had learned earlier in my career. You can rarely afford the financial talent you need …

Internal Fraud: A Case Study in Recovering from Disaster

Louise Tieman shares an internal fraud case study on proformative.com. This is the tale of the kind of fraud disaster that keeps CFOs up at night–and makes CEOs physically ill. This is the kind of fraud disaster that shutters the victim company most of the time. Like most internal frauds it was also completely preventable, though that …

Presentation Skills As Your Secret Weapon

There is untapped opportunity waiting when you or someone from your company is asked to present at a conference, or be part of an expert panel at an industry luncheon. However, too often this opportunity to put your organization in the spotlight is lost in a “blah” presentation. If the person speaking is not committed …

Web Marketing, Management and Metrics: Questions, Not Answers

Many clients find themselves making critical marketing decisions without having enough data. Even very smart people make bad decisions when they look at a small data set and extend the conclusion across the entire website, or the entire marketing strategy. One client’s marketing team was frustrated by an investor’s insistence that he knew the important …

SEO for the CEO: What You Need to Know About SEO Strategy

Maybe it’s happened to you: your board looks at your budget for web marketing and asks about key performance indicators. As the CFO or CEO, you boldly look over the data from your marketing team and condense the complexity to a quick test: How are we doing on these five keywords? One of your board …

Should CEOs Rely on Part-Time Specialists? Reviewing Advantages and Disadvantages

I was at a meeting of CEOs last week and we started to discuss one of our greatest challenges: Surrounding ourselves with the right people. Business owners wear a lot of hats. And when we hire employees, we oftentimes start with a bookkeeper, an administrator and/or a sales person. As the business grows, those same …