Archive for Management

Responsibilities of a CFO (And How They Effect Your Business) – Part 1

Responsibilities of a CFO (And How They Effect Your Business) – Part 1

CFOs work closely with you to address and overcome financial and operational challenges. In part one of this two-part series, learn how a CFO can help owners and management understand the connection between working capital, cash flow, gross margins and net profit to help businesses operate efficiently. Please like & share:

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Posted in: CFO Role, Management

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Taking Your Business to the Next Level and Still Enjoying It

Taking Your Business to the Next Level and Still Enjoying It

As a small- to mid-market business owner, it’s not unusual to feel as if you are at your wits end. When you started your company, you had a true passion for what you wanted to do. It may have been to make the best widgets in the world, provide the best websites possible or deliver the best service anyone has ever seen. Please like & share:

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Posted in: CFO Role, Management, Tips for Business Owners

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The Rise of Cyber Security

Cyber Security is an issue for businesses of all sizes. The proliferation of technology used by all organizations to manage day-to-day activities has resulted in the need to secure company data and have a plan to prevent intrusions. Spending for cyber defense is an on-going expense as the nature of cyber threats are constantly changing and result in frequent upgrades, as hackers attempt to stay ahead of the game. Case in point – last year […]

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Posted in: CFO Role, Management, Performance

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How to Improve Your Chances of Success When Starting a Business

At BeaconCFO Plus, we often get the question….”I’m thinking of starting my own business—do you have any advice?” The Small Business Administration and the Department of Labor describes what the startup market looks like in this country. Each year, approximately 500,000 businesses are started in America. Interestingly enough, this number declined by only 10% or so in the difficult economic times of 2008-2010. Is it a jungle out there? For every startup business opening in […]

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Posted in: CFO Role, Early Stage Company, Management

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5 Internal Control Issues for Small Businesses

5 Internal Control Issues for Small Businesses

Internal Control issues can lead to losses for small companies related to limited resources. Businesses with fewer than 100 employees accounted for the highest percentage of fraud instances –nearly 29% – reported in the 2014 Report to the Nations by the Association of Certified Fraud Examiners (ACFE). Please like & share:

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Posted in: CFO Role, Internal Controls, Management

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The Top 3 Priorities for CFOs in 2016

The Top 3 Priorities for CFOs in 2016

We have all likely heard  the “Defense…Defense” cheer at sporting events. It comes at a time when the home team’s fans realize that to be successful, their favorite team should only focus on stopping the other team from scoring. That is to say that the environment is unstable or unclear enough that the best approach is to protect the lead—not try to increase it. Please like & share:

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Posted in: CFO Role, Management

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How To Develop Performance Metrics for Service Organizations

How To Develop Performance Metrics for Service Organizations

Managers in service companies often find one of the biggest challenges they face is to drive the performance of their business. The substantive issue behind this challenge is how to effectively measure performance in an environment that does not lend itself to hard and fast metrics. Please like & share:

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Posted in: CFO Role, Management, Performance

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