It’s often said, “you don’t need a title to be a leader.” But regardless of titles, it’s important to take note of the difference in roles. One of the many negative effects of the recent economic downturn is that we’ve seen many companies fire their CFOs because they view them as overhead. These companies often
On Thursday, natural gas prices hit a 17-year low. Ouch… We often talk about how to manage your company and the best way to judge what the economy is doing. One of the simplest (and most often overlooked) things to do is to look beyond what’s right in front of you to the hints the economy has left behind.
Life is full of moments, with many of those moments being failures. But each failure is an opportunity to learn from those mistakes, leading to success. It seems as we progress further into a technologically-focused society, society expects us not to fail. After all, failure means the lost of money. And nobody can afford that… But the tables
I had a call yesterday from a client who was getting ready for his second advisory board meeting. He wanted to talk to me because he know I had been on several clients’ advisory boards in the past and had even had one for my own company for several years. His concern was that his
Are you CFO material? Are you CFO material? A CFO requires certain skills, traits, and talents. Take the following quiz to find out if you are CFO material: If you find out you are CFO material, then consider developing your financial leadership skills and adding tools to your “toolbox”. To learn more financial leadership skills,
Habits are powerful. They save time, create efficiency and allow our brains to focus on more complex tasks. They can emerge without our consciousness, or be deliberately designed. Some habits have the power to start a chain reaction, changing other habits as they move through the organization. These are called keystone habits and they are
What is the debt to equity ratio and does it apply to all business? The short answer is that investors and creditors use it to see if a business is likely to pay back its debt and sustain a decline in sales. This applies to most business, but it is not relevant to companies that
Every now and then, I come across a quote about leadership that really speaks to me. As a result, I put together a list of 20 of our favorite quotes about leadership. After you check them out, leave a comment with any of your favorites I forgot to mention. Check out the following leadership quotes…
On Saturday, May 16th, former US Secretary of State and four-star Army general Colin Powell delivered the commencement address at Rice University. His topic was one that is near and dear to our hearts; leadership. Here are some of our favorite pieces of advice he had for the class of 2015 about how to learn to
In her 1969 book On Death and Dying, Elisabeth Kubler-Ross outlines the five stages of grief individuals experience when faced with catastrophic personal loss. The five stages are as follows: Denial Anger Bargaining Depression Acceptance The 5 Stages of Business Grief In one form or another, businesses too experience these five stages when faced with
Picture yourself fishing below a hydroelectric dam with 5 generators running. The water is flowing strong. I am fishing 200 yards below the dam and you are fishing 2 miles below. They just shut down two of the generators because they don’t have enough demand for electricity. The water is still flowing but at a
Do you feel like you have the talent to be the best CFO you can be, but you aren’t sure how to develop the financial leadership skills you need to get there? If so, you’re not alone. Many financial professionals don’t know what is really expected of a CFO. But they are also don’t know
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