Improving Manufacturing Profitability: A Four-Step Plan

For manufacturing firms, managing product lines to maximize gross margins while maintaining quality and safety standards is the key to profitability and success. In this industry, it is critical to have clearly defined profitability measurements and a plan for tracking, analyzing and integrating that data to inform the financial and operational decisions necessary to sustain …

Showing the Strategic Value of HR – Part 2

4 key steps to creating a value-added HR organization As a long-time HR consulting firm, when the vcfo team goes in to help HR departments with a project or issue, what we often find is a team that is stuck in the proverbial HR “weeds.”Team members are often focused on HR for the sake of …

How suppliers can prepare for aircraft manufacture cost-cutting demands: 5 key steps

From a competitive standpoint, 2016 has been a choppy year for major aircraft manufacturers. Intense pricing competition between Airbus and Boeing, as well as increasing competition from Bombardier, have led both companies to pursue cost-cutting efforts. The ripple effects to suppliers from Boeing’s latest efforts, including requests for longer payment terms, have significant business implications. …

6 Ways Restaurants Can Avoid Unnecessary Credit Card Processing Costs

The pressures on restaurant owners and managers are relentless. New competition. Shifting economic conditions. Changing tastes. All kinds of constantly evolving business considerations make it easy to get caught up worrying about things like customer service and turnover while revenue and profits slip away. In fact, when we provide CFO consulting services to restaurants, we …

Why a Strategic, Not Reactive, Recruiting Approach Works for Us and Can Benefit You in 2017

In life and in work, strategic planning and preparation can go a long way. As a provider of recruitment services for a variety of client types, my team and I serve a range of diverse placement needs throughout the year at vcfo. While last-minute recruiting is sometimes necessary, we urge clients to develop a flexible …

The Importance of Value Interpretation During a Sale

A cursory view of the stock market would have you believe that a company’s value is a singular metric. A stock is trading for $100 and is, therefore, worth its stock price multiplied by the number of outstanding shares. But, there is more at play than meets the eye here. That $100 stock price is …

SaaS Key Performance Indicators (KPIs) for Fast-growth Companies in Healthcare

Did you know that the healthcare industry brings in $1.68 trillion in revenue annually? As a profitable industry, many companies want to break into this market segment through innovative new solutions. However, ensuring the business is performing effectively and profitably is imperative to its long-term success. If you offer Software as a Service (SaaS) applications …

Build the Best Budget for Your Business

As we begin Q4 and near year-end, businesses should begin preparing for 2017. While many companies may begin aligning its workforce or implementing strategies around technology process improvements, now is the time to dive into budgets. Budgeting and forecasting enables businesses to determine the right process and people improvements based on their individual growth plans, …

How the FLSA Ruling Will Impact Your Business

In a previously published blog, we discussed that by December 1, 2016, all businesses must comply with the changes made to the overtime regulations of the Fair Labor Standards Act (FLSA). According to the rules, an estimated 4.2 million currently exempt employees will now be eligible for overtime pay. With just two months left to go …