After years spent pouring their life’s work into building a business, an owner invariably forms a perception of its worth. Yet, this perception often differs from the view of the market. Owner’s opinions of their business value can be influenced by inherent biases, flawed valuation methodologies, and factors lurking beyond their control. As a business …
Tag Archives: executive leadership
16
Aug
Aug
The Importance and Application of Anti-Money Laundering Practices Anti-Money Laundering (AML) practices and policies are aimed at keeping money that stems from criminal activity out of the mainstream financial ecosystem. Given this definition, owners and operators of legitimate businesses may rightly wonder why in the world they would need to think about AML at all. …
19
Jun
Jun
Prioritizing People in Manufacturing – Why it Matters? As the saying goes in manufacturing, “if you don’t have the people, you don’t have the products.” While it’s unlikely that one could find an executive that disagrees with this sentiment, manufacturing entities nonetheless often operate in isolated silos with inadequate communication and interaction between the production …
02
Jun
Jun
Navigating a New Era of Retail – Three Financial and Operational Factors The market and operating environments of retail businesses have undergone dramatic transformations since the turn of the millennium; transformations that accelerated significantly more with the outset of the COVID pandemic. While some retailers have navigated these shifts to a point of better business …
13
Apr
Apr
With the current uncertainty in the market, have you taken steps to prepare for various contingencies? Are you confident in your plan? The following articles from our consulting team may be helpful to you as you review your own checklist: How to Fight Inflation: 14 Tips for Business Owners Inflation remains high despite the best …
30
Mar
Mar
Building Blocks and Best Practices for Driving Business Value Business valuation is not an original or uncommon topic. It is, however, one that business owners and leaders should be far more focused on and reminded of often. That’s because many who start a business don’t always fully consider business value when developing their original strategy …
02
Mar
Mar
Challenges Faced by Professional Services Firms (and How a Strategic CFO Can Address Them) Professional services firms are unique entities. For them, hard assets like inventory, furniture, and machinery which are common in many businesses, are relatively few. Instead, their assets are their people. Some may think that makes financial management and strategic planning in …
08
Feb
Feb
Giving back to the community has been a core value for vcfo since inception 27 years ago. Over the years our initiatives coalesced into vcfo gives®. As we close out 2022 and look ahead to 2023, I want to share more about what I consider a critical value to vcfo. By way of background, early …
23
Jan
Jan
This post is authored by Rainee Busby, a Certified EOS Implementer® and Franchisee with EOS Worldwide. Since 2015, she has implemented EOS® in over 70 organizations delivering 350+ full day sessions. Five Key Aspects of Accountability in Your Business Inflation issues and supply chain woes aren’t going away anytime soon. To manage effectively, minimize negative …
20
Jan
Jan
Best Practices for Establishing a Compensation Strategy & Philosophy How a business approaches employee compensation plays a very important role in shaping the success of the business itself. For some, the approach to compensation can be rather organic or undefined, stemming from roots established in the company’s earliest days or from leaders following individual viewpoints …