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 most important responsibilities as a leader of your company are to evaluate your organization and how it must change going forward, determine how to adjust your strategic plan, and clarify what recovery is for your business.
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 relationships in an organization are important, but perhaps the most important and dynamic is the relationship between the Chief Executive […]
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 professionals on staff. A support team that includes bankers, tax professionals/CPAs, business attorneys, insurance agents, IT support, etc. are vital to […]
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. From remote work and digital transformation to personnel changes and reallocated budgets, your business worked hard to adapt to new processes […]
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 on the road. As of Jan. 1, 2021, the new mileage rates are: 56 cents per mile for business miles driven […]
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 controlling costs. Another “lesson being learned” is the strong push by businesses to accelerate digital transformation. What is Digital Transformation? Digital […]
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 in a business. It is critical for business owners to understand cash flow, and how it differs from net income so […]
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 reading an article in Inc. magazine a couple of years back and now seems a perfect time in our business climate […]
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 present issues that we may not be prepared to face. But we persevere. It’s been five months since the wave of […]