Tag Archives: CFO Consulting

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. …

Cash flow can “Trump” sales for business growth

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 …

Defining what a CFO does

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 …

Does insurance really cover your risk?

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 …

The Single BEST way to prevent FRAUD – part two…

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 …

Fraud – is it happening in YOUR Company? Part one…

I was talking to a colleague and he asked me for my thoughts regarding a particular client of his who was dealing with the issue of FRAUD. After we talked about it for a while, I realized this conversation would be very helpful to many business owners and executives who may or may not be …