Archive for Management
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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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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Leave a Comment (0) →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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Leave a Comment (0) →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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Leave a Comment (0) →In this blog, written for the Skoda Minotti CPA & Business Advisory Blog, I discuss the actions that early stage companies can take to be successful in a “defensive” year. Read the article here. Please like & share:
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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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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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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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