Monthly Archives: October 2016

How to Boost the Outcome of a Merger or Acquisition

Mergers and Acquisitions

In 2016, nearly a quarter of middle market businesses were considering a merger or acquisition. This number will only grow as the aging Baby Boomers increasingly become ready to sell their businesses. When this happens, many business owners are tempted handle the transition themselves. But the reality is that hiring a seasoned CFO can more than pay for itself due to the special knowledge and experience CFOs bring to the table.…

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Do You Know the Dollar Amount of Your Company’s Cyber Risk?

Cyber attacks

In today’s world, most companies know they need to be vigilant about protecting their operations from cyberattacks.  But the reality is there is a lot more to consider than just having a few security measures set up to protect the company from attack. Many companies have based their protection plan on an incomplete understanding of the different kinds of vulnerabilities and the much bigger financial risks they present.…

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Uncovering Fraud: Better Now Than Later

Financial Fraud

As a financial advisor, I have become aware first hand of the devastation that can occur when fraud is undetected in a business for a long period of time. While in many situations, I am called in to clean up the mess after the fact, the ideal scenario is for a business owner to have a trusted outside financial consultant who can set up procedures and processes to prevent this from happening in the first place. …

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Don’t Make This Common Product Mix Mistake

Product Mix

By nature, entrepreneurs are ambitious and love to chase after new profit opportunities. However, that very tendency can turn around and back fire if they decide to introduce too many new products and services too fast without doing their due diligence. To avoid this pitfall, a business owner must make sure they know the profitability of each product or service by itself.…

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What You Need to Know About Finance and Strategic Planning

Financial and strategic planning

When a business begins a strategic planning session, most everyone is focused on the excitement of the vision and mission. Unfortunately, many businesses develop a wonderful plan without adequate financial involvement. While dreaming about the company’s potential is definitely how the strategic plan needs to start, business owners need to be armed early on with financial analytics and forecasts to make the plan workable, achievable and successful.…

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