"Growth is Good " – We understand your problems. – Are you ready for the solution?
Lesson Learned: Dummy Vendors and a Cover-up By: Robert F Cummings Consulting CFO, Connecticut SBA * Consulting LTD Internal controls are not for big business only. I learned the hard way. I was the Controller CFO for multi-site property management firm. Our net revenues were approximately $4 million. Our project revenues were in excess of […]
Read More »This is an open letter to the Chief Executive Officers of the world. cfo qualification There seems to be a great amount of confusion on the part of those who are, or who think they are and those who really aren’t, but say they are; as to what qualities and qualifications are necessary to hold […]
Read More »I have met and talked to hundreds of individuals who call themselves Chief Financial Officers. Some work in the small to mid-market, some large cap all with varying degrees, certification, and experiences in different industries and sectors. What an overwhelming number of these fine men and women say in their elevator pitch is they can […]
Read More »GAP Analysis is a technique used by all strata within an organization to first gauge how they are doing today versus a future state as well as a basis for creating a template or plan for improvement. A simple concept Really a very simple concept; I’m on first base, because I can see the scoreboard […]
Read More »Business Process Mapping, a simple yet time-consuming chore that seems never to get done due to lack of enthusiasm of both management and staff. A strange phenomenon where both employers and employees are in perfect synergy and both terribly short sited. For those who have never been involved in business process mapping: it is the […]
Read More »I have been involved in start-ups to the $100M business segment for most of my career. What is almost universal is that most business owners, whether first-timers, serial entrepreneur’s or professional management of start-ups to companies running about $40M in revenue just don’t understand, yet even appreciate what the back-office does for the organization. More […]
Read More »I’m not talking about computers, software, or physical security (although that is an aspect) of your offices. I’m talking about your people, the human assets on which your company is able to operate. While I am not specifically talking about people poachers, market swings, bad employees, bad managers, morale or company culture; they all play […]
Read More »The Event I received a first email this week from our CEO advising of intention to send a wire that day. Then got a second email an hour later with wire details. Bank of Philippines, wrote John P. Hart Vice Pres – CFO at Nova Pressroom Products, LLC on Proformative.com, a social media and education […]
Read More »Another classification issue that received a great deal of attention in 2015 is the distinction between employee and independent contractors. This will continue to be a thorn in the side of employers. In 2015, the Department of Labor (DOL) issued guidance on the determination of whether a worker is an employee or an independent contractor. […]
Read More »I was negotiating a contract with a major player in the on-line e-commerce space. They sent us their boilerplate contract to sign. I read the contract. Not to re-hash everything that a friend of mine Bart Eagle, Esq. wrote in his article Look before you leap you really need to read that contract and object […]
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