When I published Your Cash Is Flowing: Why every entrepreneur needs to think like a CFO, I headed a chapter with A Broken Cog Slows All Wheels. I never did a blog post with that title, however, until today. The …
To those of you who read the title and assumed that I was going to go political, I’m not. Although that would be easy to do these days no matter the side of the aisle on which you reside. Instead, …
I’ve worked on a number of transactions during my career. The first one was the $5 billion merger between Burroughs and Sperry. The rest have been far smaller. The lessons I’ve learned in the first and across many of the …
We’re a month into the new year and by now, you should have your 2023 budget firmly established. But for the few of you out there who don’t, there is still time. And for the rest of you, I’d like …
How well do you asses risk? My belief is that most overestimate various risks in life. That said, I recognize that I have a unique risk profile given my role as a CFO which generally attracts risk averse personality types. …
Each month when you receive your financial reports, what insights come along with them? If you’re the business owner or president, you should be asking this question. If you’re responsible for delivering the reporting package, you should be striving to …
It’s nice when you seek expert advice from several sources and end up with consistent recommendations that both make intuitive sense and are in line with research you’ve done. But that doesn’t always happen; so what do you do when …
There is an old saying that “a picture is worth a thousand words.” While I’ve never done the math, I suspect that is close to true. I often use charts and graphs to tell a story. Years ago I remarked …
As promised, this is the second half of this post focused on business lessons I’ve learned while doing things that had nothing to do with business (continued from March 2022). 6. Another lesson learned horseback riding. We were out in …
I’m writing this on the morning of Thursday, June 21, 2022. As always, I publish these on or about the last day of the month and this edition will be no exception. This morning my wife and I had to …
