The CFO Blog

Cash-Flow Plumbing- Fix the Leaks

Cash-Flow Plumbing- Fix the Leaks

Why do you fix a leaky faucet at home? Because for most of us we realize it’s money down the drain.
The same goes for a business, but unlike the constant dripping sound we hear at home, most business owners are not aware of their cash-flow leaks that can be costing thousands of dollars.

When the Numbers Really Do Matter

When the Numbers Really Do Matter

Often as CFO consultants we come upon business situations that just don’t add up. We look at the mess someone got himself or herself into and we just shake our heads in disbelief that they didn’t take time to fully evaluate a project based on proper financial considerations.

Join Us on St. Partick’s Day!

Join Us on St. Partick’s Day!

Join Us on St. Patrick’s Day!

St. Patrick’s Day is this Friday- who needs a better excuse to get out of the office and have some fun? There is no better way to celebrate than with great music and green beer.
Come join us at the Hamlin Pub in Shelby Township with entertainment from the Jukebox Junkies- Michigan’s Premiere acoustic party band.

The Story Behind the Numbers

The Story Behind the Numbers

As contract CFOs, we often meet business owners who view accounting as just another cost of doing business – a non-revenue generating function necessary for compliance and paying taxes. What they fail to realize is the real strategic value in learning the “story behind the numbers,” and it does not have to be a mystery novel.

How Much Profit Should You Target?

How Much Profit Should You Target?

Many business owners underestimate the importance of planning- specifically having a detailed, written budget and consciously choosing their level of profitability.

An important component of that planning is how to decide what your business’ target level of profitability should be.

Inside the CFO’s Toolbox: The Flexible Budget

Inside the CFO’s Toolbox: The Flexible Budget

Let’s talk about what is known as a Flexible Budget. This is not flexible budgeting in the sense that the government uses – “No money in the budget? Hey, we’re flexible. Spend away!”

No, a Flexible Budget is actually a very useful management tool which brings a new level of clarity to budget-to-actual analysis.

Is the Flight Attendant Flying the Plane?

Is the Flight Attendant Flying the Plane?

Mismatching Financial Skills Causes Many Businesses to Crash

In today’s article we’ll present a common flaw in thinking that occurs at many small businesses.

The first time we meet with a business owner to review their accounting & financial matters, we have an informal "needs analysis" discussion.