Not too long ago, the Academy Awards took place, and they played reels of the Academy Awards that happened in the past 80 or so years. It reminded me of the time when I showed my grandson an old western movie… I thought some of the parts were hilarious, but my teenage grandson was horrified by
At The Strategic CFO, we believe in the saying “You scratch our back, we scratch yours.” Everyone always sees other businesses as a competition; to some extent, they are. But sometimes, you just need to let people make money. As we’ve become more focused on optimizing technology, we have started to outsource tasks/projects to outside vendors nationally and,
Over the years of teaching in an entrepreneurship program, I realized a pattern. As expected, every entrepreneur thinks his business is unique. But in having a unique business, who works for you? What value do they bring to the table? Do they make your business “unique”? To some extent, they probably do! These are questions we will explore, but
Right now is the time of innovation – kickstarters and new types of marketing campaigns are popping up everywhere. You might have an idea yourself, regardless of whether you’re a Millennial, Generation X, or even a Baby Boomer! So how do you know if your idea is a good one? As I have mentioned in
Have you ever been in a position where you were considering selling your company only to find the value of the business falling quite short of your expectations? This is something that can easily happen without you noticing… Destroying your Company What do we mean by this? We mean that something, either suddenly or little-by-little,
Businesses lose millions (if not billions) of dollars due to fraud. But how do so many cases of fraud go unnoticed until the damage is done? Often, it’s because businesses don’t recognize the red flags of fraud soon enough. Working with many entrepreneurs and their companies for the past 25+ years, I have unfortunately have
Outsourcing is something that has always existed, but has seemed to become the “norm” for most companies. Rightly so, outsourced workers are an easy solution for financial leaders to mitigate costs. The big question we’re asking is: Do You Need More Hats or More People? If you’re looking at outsourcing, the first step is to complete
Do you sometimes feel that the value you bring to your company is worth more than your salary? In the business world, often expectations exceed compensation, especially with financial leaders. What does the role of a CFO actually look like? Before we dive deeper, it’s important to ask some questions: Are you the person that
Growing up, I constantly heard the old adage, “money doesn’t grow on trees.” It’s meant to warn people that there is only a limited amount of money available to put to use. It’s easy to fall victim to the notion that any problem can be solved if you spend enough money on it. But, what happens when
Let’s go back to 1912… The RMS Titanic set out on her first (and only) voyage from Great Britain to New York City on April 10, 1912. The plans were drawn. The lines were cast. Some of the wealthiest people in the world were aboard. The well-oiled machine was pumping the turbines below, pressing forth to America.
See Also: SWOT Analysis Porter’s 5 Forces of Competition PEST Analysis Certain changes to the business environment can either help you or hurt you. Using the PEST Analysis, you can anticipate factors that can be used to your advantage or that you can solve before they affect your company negatively. Political Factors: Government policies regulate trade markets and
That’s the biggest question being asked by both employees and employers alike: how long do you keep a job? What’s normal in this day and age? If you would have asked 20 or 30 years ago, the answer would have been: “You keep a job for 20-30 years.” So, how long do you keep a
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