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 …
Most everyone is aware that recruiting is a process that requires dedication and time. What people may not be aware of, though, is what that means to them and their organization by taking this on internally. I recently had a conversation with a CEO of a local company who had just approached me about our …
In case you haven’t noticed, there has been a steady evolution of the Human Resources profession. The days of having a door with “Personnel” written on it with “girls” inside handling administrative tasks like “ten keying” time cards, cutting payroll checks, faxing in insurance enrollments and typing up dictated policy memos to the office is …
vcfo announces additions of senior executives Scott Schaefer and Mike Wilfley vcfo, a leading professional services firm providing companies with financial, recruiting and human resource solutions, announced that Scott Schaefer and Mike Wilfley have joined the firm and will be offering strategic leadership and support to vcfo clients across the Company. Mr. Schaefer and Mr. …
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 …
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 …
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 …
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 …
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 …
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 …