I’ve always been a fan of great business books, and lately, I’ve been diving into Jim Collins’ BE 2.0 (Beyond Entrepreneurship). This book is packed with insights, many of which feel especially relevant to the challenges most companies face today. One principle that stood out for me was a key concept from his classic Good …
Building a Strong Business: Compensation Plan Lessons from BE 2.0 Read More »
“What does a fractional CFO do?” I’ve been getting a lot of questions like this lately. It’s prompted me to think about my role and how I help companies. Turns out, it’s a position with multi-faceted responsibilities, but the bottom line is My CFO firm helps small and medium-sized business (SMB) owners perform better. I …
7 Ways to Help Your Small Business Perform Better Read More »
During the 2024 Summer Olympics, Nike came out with a commercial focused on how winning is a curse, because you never want it to stop, and you are always striving for more wins. It’s like that in business, too. Businesses are always striving to win at the next thing. Whether it’s increasing profits in the next quarter, …
Being a Winner Doesn’t Have to be a Curse: Take Time To Celebrate Read More »
As a business leader, do you ever get stressed out over money? If so, you are not alone. In a previous post, I discussed the four pillars of financial success. In this post, I want to make it more personal – to show you how knowing and practicing these pillars can reduce your stress as …
How the Four Pillars of Financial Success Bring Peace Read More »
The old saying “grow or die” is now “scale or die.” I love the Grateful Dead song, “Uncle John’s Band.” There are so many great lyrics … When life looks like easy street, there’s danger at your door … but the lyric that hits me is Woah, oh, what I want to know, where does …
There are 33.5 million small to mid-sized businesses in America with $12 trillion market value. But the failure rate of all businesses is incredibly high. 22% of business startups fail in the first year, and 50% of new businesses fail within the first five years – and 70% fail within ten years.* Operational savvy doesn’t always …
Keep Your Business Healthy: The Four Pillars of Sound Financial Practices Read More »
Many business owners think their business is the only business with unpredictable income and cash flow. This makes me grin. Revenue for most businesses is never steady or easy to plan. If you are one of the fortunate ones with predictable revenue, it certainly makes things easier, but you are in the minority. At the time of …
How to Keep the End of a Quarter from Feeling Like the End of Your Business Read More »
I had a conversation the other day with a small group of venture capitalists and seed fund investors. I love talking with these types of people – they are so passionate and have super creative business ideas. When I shared my Fractional CFO services framework and approach to helping smaller growing companies, I also was …
We’ve all heard the old saying, “If it ain’t broke, don’t fix it.” There’s a lot of wisdom in that. When you’ve implemented an efficient plan (i.e. a quick month-end close, financial processes that keep good data in front of you, etc.) it’s a good idea not to mess with it – to a point. …
As is my custom, I spent New Year’s weekend honing my 2024 plan and updating bookkeeping for my business as well as for several of my clients. Yes, I was playing the role of bookkeeper for Verbeck Associates. When you have to do the work yourself, you realize again the value of a great bookkeeper. …
How Do You Run a Business without Good Data? 5 Ways to Change That Read More »