Understanding the Income Statement
(April 2025)
The Income Statement is a cornerstone of financial management. It offers a detailed view of your business’s performance over a given period—monthly, quarterly, or yearly—and helps guide informed decision-making…
Interpreting an Income Statement can feel overwhelming, especially if finance isn’t your area of expertise. That’s where a fractional CFO can help. Offering high-level financial expertise at a fraction of the cost of a full-time CFO, they can guide you in understanding your financial statements and turning them into actionable strategies to grow your business and improve profitability….more
Optimizing Your Business
Clearing the Clutter to Save Money (March 2025)
As business owners, we get caught up in the day-to-day grind of running our companies, but how often do we step back and think about optimizing the business itself? Whether it’s inventory, software, or resources, taking time to streamline can make a real impact. Let me walk you through a few examples to highlight what I’ve seen.
The Cost of Excess Inventory
Recently, I was at a networking event and spoke with Stan, a long-time business advisor. He shared a story about one of his clients, a product-based business with a rigid “no-discount” policy. The owner refused to run sales, which, on the surface, seemed like a strong stance on brand integrity. However, it created a significant problem—overstock…more
Ignorance or Negligence
(February 2025)
Having the right information about your business is important. For the financial aspects of your business, there are certain key indicators that you, as a business owner, should have readily at your disposal. You should have in easy reach information about:
- how much cash you have
- your payables (what you owe others)…more
Advice vs. Opinion
(January 2025)
In my profession, as a fractional CFO helping business owners to grow their companies, owners will often turn to me for advice and I am happy to provide it. After all, it is one of the reasons they work with me so they can get access to someone with over 20 years of experience as a CFO. However, there is a distinct difference between the advice I provide to my clients and my own opinions.
Normally, business owners want to know, “What would you do if you were in my shoes?”…more
Error of Omission
(December 2024)
When communicating financial information, there needs to be both clarity and understanding. Using financial jargon can quickly lose the reader. More importantly, you must write for any and all audiences.
For example, if you are a publicly held company, your audience may include shareholders, government regulators, journalists, market watchers, your employees and the general public. On the other hand, if you are held by a private equity funded…more
