Category: Blog

Succession Planning: Why You Need to Start Now

A lot of succession planning revolves around financial structure and tax strategies, and they take time to implement. Unfortunately, 95 percent of small business owners decide they want to sell within a few months and they don’t have enough time to prepare.

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Avoiding the Pitfalls of a “Bad Hire”

Too often, business owners keep unwanted staff too long or for the wrong reasons, and even more often, they make the wrong hiring choice in the first place. Interviewing potential employees is tricky, and there are very few managers who have been trained in effective interview techniques.

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The Controller Holds the Key to Your Profitability

While the CFO is responsible for more strategic counsel and overseeing your company’s fiscal performance as it relates to the market at large, the controller is responsible for guiding operations on a day-to-day basis and keeping the corporate ship running through effective cash management and operations oversight.

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The Changing Role of the CFO

These days, the CFO is still responsible for measuring financial achievements against the plan, but they are more involved in the strategic formulation process, setting goals and objectives as part of the executive team.

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