Tag Archives: CFO Consulting

Demystifying the Balance Sheet

Recently, I presented to a Vistage Key Group and spoke on how the balance sheet enables business owners to better understand the health and well-being of their companies. Originally, I had developed this presentation upon soliciting ideas for presentation topics from entrepreneurs. What I found was that while many understand income statements and cash balances, …

Cash is King: How to Manage Cash Flow

As a business owner or CEO, you likely wear multiple hats at your company—from driving revenue and closing deals to managing client relationships and mediating employee issues. However, one important aspect to running a business is having the ability to successfully manage and oversee the company’s financials, including where to obtain, spend and save money. …

Why Companies Implement a SaaS Model

Are you using the right SaaS metrics to guide your business? Recently, I wrote a whitepaper on the SaaS model and key performance indicators that should be identified and tracked to improve performance and transparency, and provide a measureable road map to growth and success. From the whitepaper titled, “Software as a Service: Key Performance …

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 …

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 …

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 …

Sharing the Results with Everyone

As managers we sometimes forget that we may be the only ones who really see the whole picture of the company operation. Communicating company performance to internal teams is an important key to setting a course for your growing business, and also to minimize deviations from that path. The best way to communicate and leverage …

Shopping Your Insurance Carrier (and Your Broker)

He’s the most personable guy in the world. He always wants to take you to play golf or to baseball, basketball, football or hockey games. But does he really work hard to get you the best coverage at the best price, or is he more interested in playing golf? Who does he work for really? …

The Top 10 Points to Consider When You Outsource CFO Services

As trusted advisors to CEOs and management teams, vcfo relies on a unique platform of industry best practices and proven methodologies to help solve the most complex operational business issues. Based on our experience working with more than 3,000 clients, we’ve developed a “Top 10” list we share with organizations looking to outsource CFO support. …