Blog
How to Reduce Cost in a Manufacturing Company
Manufacturing involves a complex network of materials, labor, sales, distribution and more. Managing your financials for profitability requires a keen understanding of costs, inventory, overhead and more. Two key elements of improving profitability is costing and customer margins. Costing and...
Decoding the Profitability Formula
Profitability shouldn’t be a happy accident, and it’s also not inevitable. Becoming profitable takes planning and proactive thought. For your company to be profitable, it’s essential that, among other practices, your reporting is showing you what you need to see,...
Control Process And Systems
When we explore systems and processes that drive a business, we start by trying to understand where there’s a single point of truth in an organization. This is information stored in a business application that the processes you need in...
How to Improve Top Line Growth In Business
Top line growth for a company essentially occurs through two paths: External growth, like acquiring a company or getting involved in a joint venture. Internal growth, like launching a marketing campaign or developing a new product. Deciding what’s best for...
Key Leadership Skills Of a CEO
Many CEOs are founders, or came to a company when at an early stage of maturity. Even CEOs who lead well established companies are often in the position for many years. As companies grow and mature, it’s crucial for the...
Investigate, Translate, Transform: The Role of Operational Finance
Business leaders like CEO’s or business owners have an intimate sense of their business. When something in the business can start to go amiss, sometimes it’s these leaders who know it first, though at a gut-sense. They have a feeling...
Mastering the 3 Year Business Plan
The first thing to consider in the 3 Year Business Plan is the same as in a one year or five year plan - consider what direction your company should be going in. Answer why that direction is important, and...
Annual Business Plan (That Actually Works)
[et_pb_section admin_label="section"] [et_pb_row admin_label="row"] [et_pb_column type="4_4"][et_pb_text admin_label="Text"]Most annual planning is like an aimless road trip. One where somebody says, “Hey, we have $100 - let’s take it as far as we can.” Maybe you get 30 miles, maybe you get...
Having The Audacity To Lead, Grow, and Build Your Business
There’s been a lot of talk in 2020 about businesses making a pivot. Turning their attention away from what might be their strengths or core competencies and doing what they feel is necessary just to “get through.” In sailing when...
The Critical Role of The Forward Thinking CFO
We were in a meeting with a CEO where he was describing the role of his Controller, who essentially serves as the CFO of his company. The CEO described that this person reported on the Key Performance Indicators (KPI’s) of...
How to Calculate Business Valuation? 3 Keys to Valuation
Valuation is an exploration of what a company is worth, but not necessarily its value based on price. The price of something can oscillate and change for a number of reasons, where for valuation we’re trying to determine with some...
Financial Transparency: Everybody Wins When Everybody’s In
Financial transparency is about opening the books to everybody in an organization, letting them see how financial functions operate. It’s not uncommon, especially in small business, for employees and owners or leaders to be divided by perception. Employees will think...
