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 nearly 30 years to grow the firm from nothing to highly successful without ever having a CFO – full time or […]
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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 this article I will look at the role of a modern CFO. In today’s business environment, Boards of Directors and CEOs […]
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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 grown, you may have come to a realization that increased efforts and new thought processes are necessary to maximize revenues and […]
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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 be appropriate for a company which has begun to grow – and that is to determine the optimal capital structure for […]
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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 on an organization, and while it may seem impressive to have significant inflows of revenue from sales, the most important focus […]
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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 begin to wonder if your life-long passion for cooking can be turned into a business. Do you know enough to risk […]
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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 maintain or quickly resume mission-critical functions following a disaster.” I think this is a fairly good definition. Your DR plan must […]
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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 in your thinking and adapt your strategy and execution as you move along the stages of the company lifecycle; from development […]
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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 a CFO do to help grow the business and not be a burden on the company? Many of the clients with […]
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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 truth is anything but that – Chapter 11 bankruptcy is about reviving companies and maintaining jobs. Small and mid-size businesses have […]
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