Tag Archives: operational advice

7 Practices for New and Up-and-Coming Business Leaders

image: Woman mentoring team: practical business leadership

This post is co-authored by Carter Freeman and Mike Wilfley. As vcfo celebrates 25 years of making companies stronger, we also celebrate the new and emerging entrepreneurs and leaders that continue to start and build the businesses of tomorrow. Being a firm of this age, comprised of professionals with deep careers at the highest leadership …

Understanding Management Team Makeup and Personalities

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The Importance of Management Team Composition in a Time of Instability Business leaders are facing an unpredictable environment in which challenges and opportunities are constantly shifting in degree, frequency, and intensity. CEOs are navigating their businesses through an era in which technology is remaking the very foundation of business, while also facing intensifying turmoil in …

Enterprise Sustainability and Cash

Image: Man on ice float. Enterprise sustainability.

Enterprise Sustainability – Cash and Context The COVID pandemic impact hit hard and fast. Before the government could roll out supportive mechanisms in response to the pandemic, many businesses simply ran out of cash along with options that could have kept their doors open. No one could have fully foreseen COVID-19’s economic impacts, but many …

Nonprofit Leadership In Times Of Crisis

image: clients of a food bank benefit from nonprofit leadership

Nonprofit leadership can be particularly hard-hit by unforeseen crises. In most instances, they face these challenges with lower financial reserves than most – reserves that could help them weather the storm were they more substantial. As supporters and contributors contend with personal and business concerns of their own, fundraising efforts languish and donations drop. As …

Navigate From Crisis to Prosperity

This post on navigating crisis is co-authored by Ashford Chancelor, Dallas Practice Manager & Consulting CFO with vcfo, and James Savage, CEO at Kingsbrae Global, a corporate brand reputation and communications firm based in Dallas. How Businesses Can Navigate Crisis to a Path of Prosperity In a previous blog, we wrote about the four historical …

WEBINAR: The Evolving National Crisis and Its Business Impact, Part II

Click here to view the recorded webinar. How should businesses respond to broad cyclical changes to our economy and society as we move from a season of crisis to a possible season of “high”? Could your company find itself on the wrong side of history’s creative destruction loop and black swan events? After 2020, is …

Capitalize on Historical Trends – 4 Questions for CEOs

image: plan to navigate the changing business environment

Charting the Course in a Changing Business Environment Late in 2020, I published a post that focused on how history informs business strategy. It provided a primer on insights introduced in The Fourth Turning, a book authored by William Strauss and Neil Howe. In short, the authors comprehensively examined events and tides that have unfolded …

Pace Yourself During Periods of Transition

“Slow down to speed up.” You’ve heard this before, right? And, “You don’t know what you don’t know.” These familiar phrases are often used in life, and are applicable for business as well. Two places these phrases surface in business are during rapid growth and in a sudden crisis. Most companies grow organically. In the …

Coping with COVID – Business Leadership and Employee Fatigue

A lot has changed since January 21, 2020, when the U.S. announced the first confirmed case of the COVID-19 virus on its soil. Like every aspect of society, business leaders and their employees continue to cope with the impacts. And as weeks turn to months with no clear sign of when normality will resume and …

When to Implement a Human Resources Information System (HRIS)

When to Implement HRIS Blog Image

When businesses are in their early stages, owners and leaders have to make many decisions on what they can and cannot invest in to move their business forward. For their HR functions, their focus is often on covering only what has to be covered, such as payroll processing or basic onboarding and compliance. Depending on …