Tag Archives: strategic planning

Components of a Successful Sale Transaction

This article is in collaboration with panelists from the May 2022 Houston TEI Presidents’ Forum Focused Breakfast. Below is a summary of the discussion points from all professionals on the ‘M&A: Preparing for Sale‘ panel. Feel free to reach out to us at vcfo or the other panelists in an effort to get ready for …

Engaging an Outsourced CFO – Ten Things to Consider

10 Tips to Outsource a CFO | vcfo

Engaging a virtual or fractional CFO as an outsourced resource is an excellent step for companies that need senior-level finance expertise but cannot afford to recruit or engage a full-time CFO. It’s important to ask the right questions to set the relationship up for success. Through our work providing teams of CFOs, controllers, and HR …

Financial Forecasting Best Practices and Tips

Financial Forecasting Best Practices and Tips | vcfo

Financial Forecasting Best Practices – 7 Tips for Success Financial forecasts are critically important planning tools. In creating the forecast, research into the profitability of current operations and areas of potential expansion are essential to success. Management teams may be working very hard but challenged to make optimal operational decisions without well-defined goals and objectives. …

Budget Methodologies: Analyzing the Advantages & Disadvantages

Budgeting Methodologies

When I served as a panelist for the webinar, “Budgeting Basics: How to Build a Strong Budget,” we discussed a variety of topics, including how budgets affect profitability, when to start building next year’s budget, planning frameworks and the company stakeholders who need to be involved in the process. One vital aspect of budgeting is …

Ellen Wood, vcfo President & CEO, Published in Texas CEO Magazine

Texas CEO Magazine

How does an economic development plan created almost 20 years ago still inform the city of Austin’s success? Click here to read the latest edition of Texas CEO Magazine for more from Ellen Wood, vcfo’s President & CEO.

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 …

How History Informs Business Strategy

While living in Washington, DC in the nineties, I was introduced to a book that hit me like a brick and provided clear context for everything that was happening in the world around me. That book was The Fourth Turning, by William Strauss and Neil Howe. It held that events which many times appear unrelated …

The Essential Role of the CFO in the Sale of Your Company

For many business owners, the sale of their company represents the culmination of decades of work and is likely to be the single largest, most important transaction of their lifetime. With so much money at stake, and likely the retirement security of the founder, it is important that the highest price is secured, and that …

Forming a Board – Key Considerations for Growing Businesses

For public companies, having a board of directors is both essential and required to protect shareholder interests, weigh key actions, and support well-informed decisions. While private companies don’t have the same requirement, a board of advisors or directors can nonetheless be just as helpful and important  to maximize business success. However, forming a board that’s …

Someone Wants to Buy Your Business

Three Key Considerations One of the clearest signs that your business is successful and is seen as having definitive upward potential is when you receive an offer from a competitor, holding company, or business in an adjacent market inquiring about your willingness to sell. If divesting yourself of the business is not a primary near-term …