Tag Archives: strategic planning

Budgeting Methodologies: Analyzing the Advantages & Disadvantages

Recently, I served as a panelist for the webinar, “Budgeting Basics: How to Build a Strong Budget for 2015.” We discussed a variety of topics, including how budgets affect profitability, when to start building next year’s budget, planning framework and company stakeholders who need to be involved in the process. One vital aspect of budgeting …

Growth Opportunity: The Demand Chain

Efficiency Only Goes So Far The last ten years of American business have been focused on integrating and perfecting operational efficiencies through the perfection and active management of the Supply Chain. For the last couple of years of economic turmoil, many companies have almost exclusively focused on supply chain efficiencies as a strategy for survival. …

The Power of Strong Internal Communications

By design, companies often focus their attention on external factors – clients, market standing and competitors – in an effort to generate new business or increase profitability. While it’s often overlooked, a similar effort should be placed on a company’s internal community: the employees. As a consulting CFO, I have seen how internal communications can …

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 …

Web Marketing, Management and Metrics: Questions, Not Answers

Many clients find themselves making critical marketing decisions without having enough data. Even very smart people make bad decisions when they look at a small data set and extend the conclusion across the entire website, or the entire marketing strategy. One client’s marketing team was frustrated by an investor’s insistence that he knew the important …

SEO for the CEO: What You Need to Know About SEO Strategy

Maybe it’s happened to you: your board looks at your budget for web marketing and asks about key performance indicators. As the CFO or CEO, you boldly look over the data from your marketing team and condense the complexity to a quick test: How are we doing on these five keywords? One of your board …

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 …

Processes and Systems Save the Day

In an earlier post, “Do you “really” know your financials?”, you might remember the story about how the company thrived and managed their risk so as to not be significantly threatened by the recession. There is more to this story when you look “under the covers” of what really went on… A key element of …

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. …

Exiting Your Business?

Having worked with a substantial number of privately held companies in the past, the topic of ultimately selling the business is one that typically comes up when the owner is starting to think about retirement. In fact, however, the preparation for this ultimate event should have probably been started years and years ago. Be that …