See Also: Write an Action Plan Business Plan Exit Planning Pension Plans Keogh Plan Action Plan Definition An action plan, defined as a plan which explains the action to take place in full detail, is a personal plan as much as it is a business tool. In any action plan, there are 3 main factors:
The end of 2012 is quickly approaching and while businesses tend to slow down this time of year, many business owners are using the time for reflections and projections. Being able to look back over this year to reflect on the “good, bad, and ugly” of the business can give you a head start on
The Wall Street Journal published an article today highlighting the need for more CFO’s to be strategic in their view of both their role and the results expected of them. The WSJ has three main requirements for a CFO to be a “Strategic CFO“. Strategic CFO First, the CFO should be forward thinking not just
I once had a client who called his CFO a CFnO. He had had five CFOs in a seven-year period. He felt frustrated as they were always telling him why he couldn’t achieve the sales growth he wanted rather than helping him get there. As a result, he saw them more as an obstacle and
The past year has been challenging for all of us. Last night I was reading a book and a quote caught my attention. “Success in life comes not from holding a good hand, but in playing a poor hand well!” This old saying comes from the poker table, however, it true in life and business as
Most accountants are trained to identify problems. In fact, as a professional, they excel at identifying problems and minimizing risks. Two excellent examples of this skill is the audit and tax compliance areas of public accounting. What an Entrepreneur Wants From a CFO/Controller Entrepreneurs are looking for something more from their CFO/Controllers. They take risks
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