What Overtime Exemptions Mean for Your Business

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 …

The Payday Loan Industry Moves to Business

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, …

Celebrating 20 Years of Service

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 …

Showing the Strategic Value of HR – Part 1

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. …

Consulting CFO Sharon Foster joins vcfo

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 …

Cash Preservation

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 …

Big Data, HR Analysis and HR Metrics

The HR and business data disconnect—and what to do about it In HR, as in practically every realm of business, there are a lot of interesting discussions happening about how to use analytics and big data to improve decision making and business outcomes. Yes, the possibilities are exciting but they are often limited by business …

Complexity vs. Simplicity: Knowing the Audience for Your Valuation

The world of finance and valuation, in particular, can be intimidating. Whether it’s the valuation of common stock for your personal portfolio or the valuation of a mid-market company with diversified operations generating $50 million in revenue, each analysis has one common goal: turn inputs into outputs. Period. Nothing more. Nothing less. The rise of …

Reasonable Cybersecurity Measures

There are two facts about cybersecurity that are undeniable: 1.) No business entity is immune to cybersecurity risks. 2.) There is no singular, “one-size-fits-all” answer to mitigating cybersecurity risks. With that in mind, what should we be doing to ensure we have done what is necessary to protect our organizations’ data from malicious actors?  The …

The Next Banking Crisis

Following the last financial crisis, the focus on the safety and soundness of banks was good for the financial system. New bank liquidity and capital policies, among other things, strengthened a weakened system. The banking system today is stronger, with more assets and better loan underwriting standards. Despite good intentions, however, these rules, that were …