As members of another generation, whether you’re a Baby Boomer or part of Generation X or Y, communicating with the Millennial Generation can oftentimes require methods or tools you don’t normally use. Born between 1982 and 2004, you need different communication tools to connect effectively with this generation. As professionals outside of this generation, we …
12
Sep
Sep
We have seen CEOs and business owners struggle to meet the challenges to building sustainable value in their companies. These challenges are shown as a progression from low-value at the survival stage to a high-value exit plan at the top of the stairs. Challenge #1: Fighting for Survival Between 2008 and 2011, approximately 11,740 significant …
07
Sep
Sep
In the past 50 years, we’ve experienced one of the greatest evolutions in the payment industry: the credit card. Enabling people to make purchases and send or receive money digitally, the credit card minimized society’s use of cash and checks. For accountants, this introduced a new way businesses are paid and how they pay their …
31
Aug
Aug
For many companies, a jump to international sales can open up exciting growth opportunities. But it can also be much trickier to balance risks and rewards in foreign markets compared to domestic markets. Credit risks in payments are a case in point. This blog post examines the risks of typical international payment structures as well …
11
Aug
Aug
In 2014, President Obama directed the Department of Labor to update the regulations governing exemptions of executive, administrative and professional (EAP) employees from the minimum wage and overtime pay protection of the Fair Labor Standards Act (FLSA)1. President Obama and Secretary Perez announced on May 18, 2016, the Department of Labor’s final rule updating overtime …
27
Jul
Jul
As the Consumer Protection Agency places ever increasing restrictions on the payday loan industry aimed at individual consumers, the industry has been moving its focus to small and mid-sized distressed businesses. Revitalization Partners recently spoke with a company that is a supplier to large aerospace companies that, in addition to a standard business bank loan, …
25
Jul
Jul
As CEO and founder, I’ve had the opportunity to watch vcfo grow throughout its 20-year history. Over the years, we’ve worked with more than 3,000 clients of various industry segments, sizes, life cycles and locations. While our original core offering was fractional or part-time CFO solutions for small, start-up or emerging businesses, we’ve grown just …
19
Jul
Jul
From “necessary evil” to business partner: seeing the value-add in HR Quick question: Is your human resources (HR) department considered overhead or a valuable business partner? If you answered overhead, then we need to talk. Is HR really overhead? The short answer to “is HR overhead?” is “yes” because HR is not a profit center. …
Sharon Foster has joined vcfo as a Consulting CFO for the Austin office. vcfo, an Austin-based consulting firm that provides access to expert-level finance, human resources, technology and recruiting support, recently announced that Sharon Foster has joined the Austin office as a Consulting CFO. With more than 20 years of experience, Sharon is an experienced …
28
Jun
Jun
Cash preservation is typically a top of mind concern for any business. Having provided CFO consulting for many start-ups and growing businesses, I’ve seen this be particularly important. In many cases, a course of action has a different result from a cash flow perspective than a profit perspective. A decision may make sense from a …