Client Successes and Economic Growth

Apr 20
2012

I learned this morning that MyWedding.com has been named a 2012 Colorado Companies to Watch award winner – top 50! – and will receive the distinction of being named to the Colorado Companies to Watch class of 2012 (officially announced this June).

Another client, InHouse, Inc. will be honored at the Aria in Las Vegas in 2 weeks as a winner of the B2B CFO Smart 25 awards in two categories.

These are two excellent examples of the strength and courage of small businesses across the country and the work they are doing to support economic development and pull us out of the recession.  I’m proud to be a part of their success.

The role of the CFO

Mar 05
2012

This is an interesting article about how CFO responsibilities have evolved in the past few years to include a greater focus on risk management.  Managing risk in a down economy includes a lot of focus on cash flows for the organization – driven by profitability and customer behavior, among other things.  If your organization isn’t assessing potential risks to future performance, this might be a good article to get the creative juices flowing…  http://www3.cfo.com/article/2012/3/risk-management_risk-management-cfo-concerns-cfo-role-responsibilities

Big news for Small business

Jan 13
2012

Small business lending is at the highest level in the past 4 years, and small business owners are taking educated risks around growth and development: http://www.openforum.com/articles/small-business-lending-up-by-18-percent?extlink=em-openf-SBdaily

Are we up or are we down?

Jan 11
2012

I like to read the forecasts every January because they are such a mixed bag.  I liked this one (aside from that they are suggesting 2012 will be a difficult year) because it’s a poll of “Average Joe American”.  Gives you the feet on the street opinion… http://www.accountingtoday.com/news/Americans-Expect-2012-Difficult-Financially-61386-1.html

Big Banks loan Money to Small Business

Nov 09
2011

Great article today in the Washington Post about the uptick in big bank lending to small businesses.  http://www.washingtonpost.com/business/report-big-banks-show-strong-support-for-small-businesses/2011/11/07/gIQASUEAzM_story.html

Does your Company need a CFO?

Oct 27
2011

I would venture to guess that your Company does in fact need a finance chief.  You may not be ready for a full time executive, but if you are struggling to execute on your strategy or growth isn’t what you would like it to be, consider investing in a valuable resource.  Here is a great article on the topic from the NY Times: http://www.nytimes.com/2011/10/27/business/smallbusiness/when-should-a-small-business-hire-a-chief-financial-officer.html?pagewanted=1&_r=1&emc=eta1

What is your Game Plan?

Oct 12
2011

Fall is a fun time of year for me.  The weather is still relatively warm by day, but cool at night.  I can open the windows more and enjoy that crisp fall scent.  The leaves are changing on the trees and crackling on the sidewalk under my feet.  The Green Bay Packers are out on the field.  It’s also a great time for the 2012 financial planning process to get underway.

Earl Nightingale said “All you need is the plan, the road map, and the courage to press on to your destination.”

Seeing a clear path to get from where you are today to where you want to be tomorrow is exciting.  It provides relief and stress reduction if  implemented successfully.  It is critical therefore that, once identified, the goals are tracked, measured, and the path is modified as necessary to increase your odds of hitting the plan.

You should be building a plan that takes into account not only the current situation, but also the resources available (time and money) to address the situation.  In the words of James Thurber, “I loathe the expression “What makes him tick”.  It is the American mind, looking for simple and singular solution, that uses the foolish expression.  A person not only ticks, he also chimes and strikes the hour, falls and breaks and has to be put together again, and sometimes stops like an electric clock in a thunderstorm.”

Your plan will be unique to your business.  It may be simple or complex, time consuming or quick.  The right financial strategy for your Company may include intense focus on limited working capital, or it may focus more heavily on time and urgency.  Cash flow may be a concern.

Remember when you were a kid and you Mom made you bring a raincoat to school on rainy days?  And you complained about the extra weight?
Weren’t you glad to have it when the rain came?  Take the time now to consider the year ahead, and plan accordingly.

Good news about the state of the economy

Oct 12
2011

Maybe we’re not on our way to a double dip recession after all: http://www3.cfo.com/article/2011/10/cash-flow_cash-flow-report-shows-revenues-rising-fears-of-double-dip-recession-overblown

Great News!! Businesses have increased their investment spend in August

Sep 29
2011

http://www.reuters.com/article/2011/09/28/us-usa-economy-idUSTRE78C33C20110928

About Me

Sep 26
2011

Great new networking site: http://about.me/wendynelson  You may want to sign up and get your name before you lose your chance!!

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