Category: Business Best Practices

Presentation Season

People At A Meeting

Fall will soon be upon us. For many organizations it is also budget season. That means strategy sessions and budget presentations. We have interminably long slide shows to look forward to. Or do we. I was at a continuing education session this week and someone described what CFO’s do as “creating a story out of… Read more »

Remote Employees

Small Laptop And Phone On Table

In my CFO practice I am seeing more and more remote workers as well as geographic disparate hierarchies.  That is, employee’s supervisors resident in one location while the employee is resident in a different location. Such work arrangements will become more common and more global in the future. The millennial generation will continue to seek… Read more »

Strategic Risk Assessment

Monopoly Houses On Top Of Poker Chips

When describing what I do as a CFO, I often say we create strategies to convert non-cash assets into cash. For example collecting A/R, minimizing inventory or improving capital equipment utilization. I also add that our job is to mitigate risk. Mitigating risk is really about identifying risk and creating alternatives to reduce the chance… Read more »

What is EBITDA?

So-what-is-EBITDA

When I was growing up in the south suburbs of Chicago, a highlight was going to our local high school basketball games.  I’m dating myself, but the pep band would play a peppy Chicago tune or the Hawaii-5-0 theme – a good old time.  The cheerleaders would also do the cheer – gimme a V,… Read more »

Uncontrolled use of financial terms

Finances Spelled Out Using Scrabble Pieces

Being a finance guy, I catch myself now and then throwing around acronyms or other financial terms without thinking.  I recently had a conversation with a client and when I started talking about EBITDA, I received the look of “what does that mean” along with the raised eyebrow and curled nose.  As such, I’m now… Read more »