To gauge and measure an individual’s success in any job, there must be specific and measurable goals and objectives for the position. The chief financial officer (CFO) position is no different. But as the role and responsibilities of CFOs has continued to grow and evolve, it has become more difficult to measure an individual CFO’s Read more about How Do You Measure a CFO’s Success?[…]
Plan for change Each year there are some that review their performance of the last 12 months to better prepare themselves for what they hope and want to achieve in the future. Sometimes tough decisions need to be made that are designed to alter the status quo Read more about Managing changes to your Business[…]
If you’re trying to figure out what your business might be worth, it’s helpful to consider what acquirers are paying for companies like yours these days. A little research will probably reveal that a business like yours trades for a multiple of your pre-tax profit, which is Sellers Discretionary Earnings (SDE) for a small Read more about Tweaks that can add Millions to the Value of your Business[…]
. One of the core principles of creating a more valuable business is ensuring your business can run without you by getting managers to think like owners. The theory goes that empowered employees are the best positioned to solve your company’s thorniest issues, as they are the ones closest to the problems. In theory, people feel Read more about The Downside of Being Upfront with Employees[…]
For the past few months I have been working with a wholesale company helping them understand some of the issues impacting their business and coming up with ways of making things better. My role is one of Virtual CFO, a part time resource brought in to help the management team analyse their past performance and Read more about Case Study of a Virtual CFO[…]
Most people think of starting a business as risky, but unless you invest a significant amount of start-up cash in your venture, you’re not really risking much other than your time. That changes if you’re lucky enough to get your business off the ground. As your company grows, you start to risk more and more Read more about Why Now Is the Risky Time for Starting a Business[…]
Borrowing Money Borrowing money to help fund the development or growth of your business is pretty much standard practice today as it has been in the past. That relationship (lending) is often with the bank and is key to the success of any business. The relationship itself is based on good consistent lines of communication. Read more about Keeping onside of your Bank Manager[…]
Have you ever wondered how to make your company more valuable? Perhaps you’ve heard an industry rule of thumb and assumed that your company will be worth about the same as a similar size company in your industry. However we’ve found there are eight factors that drive the value of your business. They are all Read more about 3 Ways To Make Your Company More Valuable[…]
We get to see a lot of company founders who are contemplating an exit. Some of our customers get lucky early in life, but in the vast majority of examples where a founder is getting a seven- or eight-figure offer, it is not their first rodeo. In fact, most owners have had multiple failures and Read more about The Surprising Secret To A Big Exit[…]
Deck: Business valuations go beyond simple mathematics, but to get some idea of what your business might be worth, consider the three methods below. Your business is likely your largest asset so it’s normal to want to know what it is worth. The problem is: business valuations are what one might call a “subjective science.” Read more about The Science of Business Valuations[…]