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It is a common rule of thumb that business owners should begin exit planning no less than five years before a desired exit. This is true for a wide range of reasons, but perhaps most importantly that most acquirers
At the height of the COVID-19 pandemic, companies worldwide were temporarily closed or permanently shut down. Many business owners were forced to furlough or cut their workforces. Governments throughout
For many active CFOs in the corporate world today, the current and impending economic circumstances are a whole new territory for them to deal with. Inflation and borrowing rates
Do your financial statements accomplish your business purposes? John Jones owns and operates a successful supply business historically generating about $8 million in annual revenue. However, the supply chain
Along with the human life and health consequences of the COVID pandemic, the above three undesirable conditions have become COVID-associated legacies for business operators. There is correlation and intertwined
Any successful business is sales-driven. At Nperspective, we’ve come across numerous fast-growing businesses guided forward by a driven entrepreneur that serves as the company’s chief salesperson. It’s not uncommon
Supply chain issues have been dominating the news for several months. Offshore products and supplies have been backlogged and so have their entry into many of the major US
You have started your business and things are ramping up with opportunities to grow your company and take it to the next level. This will often come with a
Everyone talks about cash and how much cash matters. “Cash is King” … “Cash is Everything” … We’ve all heard this before. Over the last 18 months, because of
A quick guide for the potential sale or succession of your business. Every day business owners are making the decision to exit their businesses. This is usually the event
Net Income is one of the most important pieces of financial information reported by companies, often referred to simply as “earnings.” Earnings are a primary metric used to value
A CFO is responsible for far more than Finance and Accounting. We’re responsible for the overall financial health and well-being of every department in an organization including, but not
A controller is the financial linchpin at your company because their accounting capabilities cover such a broad scope. Their reporting expertise and management skills ensure immediate access to a
It’s the summer of 2021 here in Florida, and COVID-19 is hopefully on a permanent wane. “Live” meetings are replacing virtual ones. Companies are actively hiring. It seems that
Here are some items you should consider to get the best price when you sell. Most privately held business owners view their business value as a multiple of cash
As vaccine distribution increases and most Americans can be vaccinated by May of 2021, most states are on the pathway to a ‘new normal’ for society and businesses. Your
Organizations can have very complex structures where the Company’s policies and politics affect employees with their individual personalities in various roles, which can make the environment complicated and dynamic.
All business owners and leaders should have a trusted group of service providers/advisors. This is especially important for the small to mid-size business owners who generally don’t have such
The new COVID relief package has arrived, and employers have a lot to sort through. The $900 billion Consolidated Appropriations Act, 2021 makes changes that will help businesses and
2020 was a year of challenges and change for CFOs and their companies. Through it all, you persevered – and learned a lot of important lessons along the way.
The IRS has announced the new standard mileage rates your business will use for 2021. And this time, the IRS is decreasing the amount you can reimburse employees tax-free
The COVID-19 pandemic is causing businesses to reconfigure offices and factories to allow for social distancing among employees, rethinking guidelines about working from home, refinancing debt, conserving cash, and
Cash flow analysis, forecasting, and management are essential to operating a successful company. Internal cash flow, or cash flow from operations, is one of the most important financial factors
What questions should you be asking yourself to help identify blind spots that could be impacting the growth of your business? This list of questions hit my radar while
As a result of the Coronavirus Aid, Relief & Economic Security (CARES) Act, the Federal Reserve has created the Main Street Lending Program to provide a total of $600
In time of crisis, the importance of a seasoned CFO is crucial to a small business’ ability to survive and thrive.
We’re in the midst of a once-in-a-century pandemic, and uncertainty has never been greater. Each week, and sometimes each day, presents a new challenge, and some of those challenges
We all realize that leadership is the key to successfully moving a business forward. This is the case during good times, and even more so during challenging times. Successfully
As we are all getting back to work, many businesses are beginning to examine their processes and procedures to see how to blend the efficiencies of what we learned
You may have a budget and may be fortunate enough to be tracking to budget, but in the current economy with mandated shutdowns and unpredictable revenue, you must also
One of the first things a CFO in a new situation should do is evaluate the risks that a company faces. Sometimes these risks are not obvious, but recent events
Most of you who are reading this did not have an action plan for responsiveness to a global pandemic. The risk of this occurring was unlikely, remote or improbable. But COVID-19
The news agencies have been quick to point out the effect of the Coronavirus on people and stock markets throughout the world. Just now, we are starting to hear
We here at nperspective believe strongly in the need for businesses, of any size, to develop an operating budget and track their actual results against that budget. Many small
Happy New Year! The new year is a great time to resolve to become a healthier person and to run a healthier business. You can see your doctor for
There is a sense of pride and accomplishment that comes with growing a business from the ground up with the entire organization’s team effort. Through organic business growth, a
According to the Small Business Administration, roughly 20% of small businesses fail during the first year of operation. That’s a surprisingly low number considering the commonly held belief that
Historically financial services firms have had a top line revenue focus, ranking their producing personnel based on revenues. Using a revenue ranking methodology, high performing producers may be eligible
Most small business owners follow a proven path of success by managing everything in their business. Specifically, they manage sales, marketing, business operations, human resources, and oversee the accounting
Every day business owners are making the decision to exit their businesses. This is usually the event that has the greatest financial impact in their lifetimes (although most of
This month we’re going to discuss what it means to be an Owner-Driven business, how and why it occurs and the relative merits and challenges. We’ll then look at what
What do owners typically think their business is worth? Most privately held business owner’s view their business value as a multiple of cash flow, EBITDA (Earnings Before Interest, Taxes,
A couple of weeks ago, I traveled to Argentina – where I was born – to visit family and friends. Everybody I talked to in Buenos Aires was concerned
Successful business owners, executives and managers realize the importance of strategic planning. They know that an organization’s process of defining its direction, and making decisions on allocating time, talent, effort and finances to
After working for a Japanese bank in New York for more than five years, I was sent to Miami to focus on the Travel Retail industry, more commonly known
Many successful leaders throughout history have applied the philosophy, “To lead, you must serve.” At Nperspective, our CFOs are leaders who understand and live this principle by serving businesses
If you’re like a friend of mine who started what today is a $40 million company in the travel industry, the answer is No. She’s managed extremely well over
The role of Finance departments and specifically CFOs in companies large and small is evolving. Based on my extensive experience with corporations across Latin America and the US, in
Many of you have reached a point where your company has grown with more locations, additional products or services, and an increased number of employees. As your company has
In prior newsletters, we have discussed the need for companies to do exit planning and we have demonstrated our expertise in assisting in that evaluation. A corollary discussion may
Cash flow is of significant importance to the health of any business. There is a saying: “revenue is vanity, cash flow is sanity, but cash is king.” Cash is the lifeblood
You’ve had a successful career, and you’re wondering what to do next. Too young and energetic to retire and not ready to jump back into the corporate world, you
WhatIs.com defines Disaster Recovery (“DR”) as “an area of security planning that aims to protect an organization from the effects of significant negative events. DR allows an organization to
During the lifecycle of a company, the one certainty is that you will encounter challenges or obstacles, some even out of your control. You will have to be flexible
To a CEO of a small to medium size firm, the question of why a CFO or even a fractional CFO should be hired is not unusual. What can
Most business people think a Chapter 11 bankruptcy filing is just for large corporations in financial distress. Bankruptcy is often viewed as only for dead or dying companies. The
Between hunting new clients, managing staff, and providing quality control, entrepreneurs often work more than 80 hours a week and are too busy to think about where their companies
At the Winter Conference of the AM&AA Alliance of Merger & Acquisition Advisors, Nperspective CFO & Strategic Services cast a broad shadow as bronze sponsor and organizer of two
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