Category: Business Best Practices

Manufacturing Profitability – Strategic vs. Tactical

Experience and research show that 80%+ of manufacturing companies under $40MM+ in sales have tactical bookkeepers, controllers and even CFO’s.  They know how to pay bills, process payroll, send invoices, run their ERP systems, prepare accurate financial statements and work with their bankers. However, they DO NOT have the experience, knowledge or strategic vision to… Read more »

Business Strategy: Key Thoughts

For most businesses, we are just over mid-way through another year, and for a few of you possibly approaching a September or October year end. For those of you who actively monitor your results against your plans, congratulations! If you haven’t already done so, it should be time to assess your progress against your goals.… Read more »

Thoughts on Venture Capital in Oconomowoc, Wisconsin

Venture capital

I just finished reading an incredible article titled “Courting Venture Capital” written by J.D. Kern, CPA in the June, 2011 edition of the Journal of Accountancy, published by the American Institute of Certified Public Accountants. I wholeheartedly agree with Kern with respect to how to attract angel, venture capital or private equity investment to a… Read more »

Middle Market Waste, Inefficiency & Excess Cost

Excess cost

In today’s economy, reducing administrative overhead costs to their bare minimum can literally mean the difference between success and failure for middle market companies. In an environment when top line revenue is, at best unpredictable, it makes perfect sense to lower the break-even revenue point of the company as much as possible.  One of the easiest… Read more »

The Cost of “Standing Around”

Standing around

I just finished a great article I found in the August/September 2012 edition of Pavement Maintenance and Reconstruction (www.pavementOnline.com), a construction industry trade publication. The article appears in a re-occurring department of the magazine, written by Brad Humphrey. The August/September article was titled “Why do your workers stand around?”. I highly recommend reading this article… Read more »

The Nature of Engagements

Engagements

There is no such thing as a “typical” B2B CFO® engagement, which is what makes our proprietary, proven six-step GamePlanTM process highly effective. Briefly, the six steps are as follows: 1. The Discovery AnalysisTM 2. The Strategy ProcessTM 3. The Strategy ImplementationTM 4. The Results SolutionTM 5. The Excel ExperienceTM 6. The Exit StrategyTM The… Read more »

The Value Proposition of a Good Business Plan

When was the last time your company put together a Business Plan? The answer I usually hear is “Well, we’re not a start-up- we’re financed…we are mature and operating, we use budgets and strategic planning instead. Business plans are not just for start-ups anymore. A good business plan has the following components: 1.    It should… Read more »