Mike Ridder

Providing CFO services and Business Transition Services in South Dakota and Iowa

Home

About Mike

Mike Ridder

Sioux Falls, SD CFO

25 Years of Experience

Direct Contact

mikeridder@b2bcfo.com

(605) 366-7714

Universities:

Calvin College; University of Notre Dame

Certificates & Licenses:

MBA 2005; CGMA 2012, CM&AA 2015

Organizations:

AICPA, FENG, Hope Haven International, Sioux Falls Chamber of Commerce, Prairie Family Business Association, Sioux Falls Estate Planning Council, Alliance of Mergers & Acquisition Advisors (AM&AA)

Contact Mike Ridder and receive a free Discovery Analysis™

  • A confidential meeting with the business owner(s), then interview company staff.
  • Look at the company’s financial information and computer systems.
  • Benchmark financial information against industry averages.
  • Create a confidential report of our findings in The Strategy Gameplan™







Mike’s Bio

Mike has over 20 years of experience in financial and business management as a CFO, VP Finance and Controller for public and private companies ranging from start-ups to Fortune 500. During his career, he has worked in a variety of organizations both domestically and internationally with experience in process and component manufacturing, marketing, engineering, non-profits and construction companies. Mike has public accounting experience with both a "Big 4" and small local firm providing services to companies of all sizes. During that time period, he was engaged in manufacturing, not for profit and governmental clients along with several due diligence projects.

His diverse background and experience gives him the knowledge to identify and resolve issues not only in the financial arena but also provide insight to business owners in all aspects of their operations. Mike is quick to learn an existing situation, assess the risk and opportunity and build a plan to help deliver those results using a process driven approach. Cash flow is of the highest importance and he has implemented processes designed to optimize working capital, capital investment prioritization and financing to support business objectives.

Mike has installed forecasting processes in several companies which allows for the support of capital and business plans while keeping the focus on the future development of the company. He has had experience in high growth and mature companies which provides business owners the full gamut of expertise and experience.

Mike's expertise includes:

  • Transition planning
  • Working capital management
  • Forecasting and optimizing cash flow
  • Finance structuring and negotiation
  • Treasury management
  • Due diligence, M&A, and wind-downs
  • Lean manufacturing and accounting
  • Financial analysis and strategy
  • International operations and structure
  • Staff development and organization

Mike received his BS in Accounting from Calvin College. While working full time, he completed his MBA from Notre Dame in 2005.

Mike and his wife Kathleen have two young children who consume a great amount of Mike's free time. When not playing with his kids, he enjoys travelling and spending time in his yard.

Contact Mike (605) 366-7714

 

Your Name (required)

Your Email (required)

Subject

Your Message

Input this code: captcha

Recent Articles

Mar 6Mike Ridder

What is a T-Account?

Mar 6Mike Ridder
Large Medieval Letter-T

Time to go old school here. I remember clearly my first high school accounting class – it would have been more appropriately titled a bookkeeping class as the highlight was setting up and accounting for a new business in its first year. We learned things from writing a check to recording journal entires to There are a lot of things I learned in my first accounting course in high school that are now obsolete – including punch cards, reel to

Mar 6Mike Ridder

What is a Bridge?

Mar 6Mike Ridder
Small Bridge At Night

No – this is not a trick question. I’m not talking about the Golden Gate or the Mackinac or even the London variety. I know a bridge is a physical structure often found crossing a river or a road or a set of railroad tracks amongst other obstacles. If it is done right, it makes getting over that obstacle an easy endeavor. What is a bridge in accounting or finance terms? A bridge is a document used to explain one

Mar 6Mike Ridder

What is a Key Performance Indicator?

Mar 6Mike Ridder
Blurry Speedometer For Modulation

It is quite shocking to realize that from birth we all have Key Performance Indicators – KPIs for short.  Whether it is the Apgar score right when we popped out of our mothers or how many pull-ups we could do in grade school or the hit rate for emptying the garbage on time at home – life is made up of metrics. Often times, a metric is thought of in a negative light – we weigh too much or we

Jun 2Mike Ridder

What is Free Cash Flow?

Jun 2Mike Ridder
Large Pile Of Dollar Bills

When I was growing up, my grandfather would get me confused with my cousin Tim – so quite frequently, Tim would be called Michael and I would be called Tim. We were quite different but similar enough that we would be confused with each other. In the same way, often times in a conversation about shareholder value or cash flow, free cash flow will get confused with EBITDA although they are quite different and important to understand. Free cash flow

May 13Mike Ridder

What is EBITDA?

May 13Mike Ridder
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, gimme an I, etc until we were screaming GO VIKINGS! Similarly, if you are interested in selling your business, the Mergers & Acquisition (M&A) community

May 2Mike Ridder

Uncontrolled use of financial terms

May 2Mike Ridder
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 on a mission – help educate the world on financial terms – well, let’s start with our immediate audience here… Over the next few months,

Apr 30Mike Ridder

Why I do what I do

Apr 30Mike Ridder
Yellow Question Mark Sign

I had the privilege to recently attend the annual B2B CFO® conference in Atlanta. I say “privilege” as I’m part of a firm of truly fabulous professionals and friends.  I always leave the meeting – my third with the firm – refreshed and energized. At the meeting this year, we rolled out our new “Why” video for the firm (you can see it by going to our website https://www.b2bcfo.com). The video is well done and succinctly talks about why B2B

Jan 1Mike Ridder

Happy New Year!

Jan 1Mike Ridder

Growing up, I never really understood the thrill related to New Years day.  To me, it was just another day to sleep in and watch football games.  As I’ve grown older and wiser – along with a couple of kids and a business of my own – the significance of New Years has set in. New Years to me is now a time to reflect on the past year and look forward to the new year.  By now, I have

Jun 18Mike Ridder

Pulling Together The Success Team™

Jun 18Mike Ridder

The team is only as good as the sum of its parts I have written extensively about the need for an exit plan from your business.  Understanding your options for exit combined with where you are both financially and mentally, will help you select the most appropriate exit option for your business.  In order to execute the strategy, you will need a group of people to deliver the results – we at B2B CFO® like to call that group of people The Success

Jun 7Mike Ridder

Increasing Value – Removing Distractions

Jun 7Mike Ridder

“Getting distracted is the biggest problem entrepreneur’s face.” – Gordon Segal, founder & CEO of Crate & Barrel A business leader will typically encounter various types of activities when running their business.  At B2B CFO®, we categorize these activities into three distinct functions – Finder, Minders and Grinders™. A Finder is someone that is typically described as a visionary, idea generator, innovator or dreamer, catalyst for future change, or relationship builder.  All of these descriptions indicate someone that is future

May 22Mike Ridder

Increasing Value – Establishing Processes

May 22Mike Ridder

There are many ways to improve your EBITDA – several of which I’ll highlight in this blog over the course of the next few weeks. The most critical to increasing EBITDA – whether it be sales or cost reduction or efficiency improvement – is the establishment of processes.  My background is “lean” – I’ve worked for some of the most accomplished lean organizations including Danaher Corporation and ITT Corporation.  We focused on the establishment of processes to drive continuous improvement

Dec 31Mike Ridder

Goal Setting

Dec 31Mike Ridder

As I write this, I’m sitting in a local coffee shop sipping my favorite french roast coffee.  I’m listening to a favorite play list on iTunes and enjoying the bright, beautiful – but really cold – view outside.  It is a perfect setting for my annual task of goal setting. When I set goals each year, I try to focus on four elements – focus, time range of goal, how it will be measured and what my reward will be

Nov 26Mike Ridder

The 5 C’s of Credit

Nov 26Mike Ridder

What do they mean to your small business loan? One of the most common questions among small business owners seeking financing is: “What will the bank look for from me and my business?” While every bank has its own unique criteria, many use some variation of “the five C’s of credit” when making credit decisions. Broadly speaking, they are: Character Cash Flow Collateral Capitalization, and Conditions   Let’s take a look at each of these ingredients and review how they

Oct 23Mike Ridder

It's Time for Year-End Planning

Oct 23Mike Ridder

and Not Just Tax Planning… Every Fall CPA’s receive calls to talk about year-end tax planning. Should we try to move income items to next year? Can we make some expenditure this year to reduce our taxable income? Have we funded our retirement accounts? Many questions should be considered to help better plan for the inevitable end of the year. But this is also a time to consider the impact of the end of the year on your company’s financial

Oct 18Mike Ridder

Why Can't We All Get Along?

Oct 18Mike Ridder

I find this quite ironic that I’m posting a blog about getting along.  When I look at many political blogs and the comments section for most any type of article, I find that people have either a black or white opinion.  Many situations immediately bring out a hateful comment resulting in a bashing of the author rather than a look at the arguments and logic behind them.  A live example was watching the comments board on CNN.com during the last

Oct 5Mike Ridder

Innovation in South Dakota

Oct 5Mike Ridder

When I travel and tell people that I live in South Dakota, the first thing they want to talk to me about was their trip to Mt Rushmore at some point in their life.  I usually smile and listen not wanting to let them know that I live 5 hours from Mt Rushmore and have never actually been there myself (on the list for next year).  Very rarely do I hear the word “innovation” used in the same sentence as

Sep 29Mike Ridder

Do You Know How Much Your Tax Obligation Will Be for 2012?

Sep 29Mike Ridder

Do you know what your tax position will be when you file your tax return in April of 2013?  If you can’t answer that question with a $ sign in front of it, you need to get your tax accountant on the phone.  One expectation I have of a business tax CPA is that they are proactive in planning a business and personal tax position – if they are not, you need to rethink the overall relationship. In order for

Sep 18Mike Ridder

CNBC – America's Top States For Business 2012 Rankings

Sep 18Mike Ridder

Recently, CNBC issued its annual rankings for America’s top states for business in 2012 (http://www.cnbc.com/id/46414199/).  There are 51 measures for competitiveness that are summed up into 10 broad categories including cost of business, workforce, quality of life, economy, infrastructure and transportation, technology and innovation, education, business friendliness, access to capital and cost of living.  The metrics were developed with input from business groups including the National Association of Manufacturers and the Council on Competitiveness.  The metrics were weighted based on

Aug 29Mike Ridder

Barron's rates South Dakota the "best-run" state

Aug 29Mike Ridder

South Dakota received some additional affirmation recently of its fiscal policies by being rated the best-run state in the nation by Barron’s.  The measure was based on the amount of debt and unfunded pension liabilities in relation to the state’s GDP.  The state also has no income tax and has generated a surplus in the last fiscal year.  As I am originally from Illinois (#49), that is a welcome change of pace. To those that work in or with businesses

Aug 28Mike Ridder

Twelve Points For Your Business Compass

Aug 28Mike Ridder

Common sense principles for business prosperity Every day, management and employees are faced with difficult challenges. At times confusion, uncertainty and frustration can slow or interrupt the organization’s progress toward success. These twelve common sense ideas can provide the fundamental principles that will help your organization be successful and reach its goals. Keep it Simple The organization has grown so quickly and our business has become so complex that sometimes it is easy to get overwhelmed. When we look at

Aug 14Mike Ridder

Strategic Planning Made Simple

Aug 14Mike Ridder

Where do you want your business to go? Whether you are planning a personal strategy, a business plan or a production process, I have found that strategic planning follows the same steps. The first step in this process is to decide what is important. What is your mission, your vision, your values? What are the guiding principles you will use to filter every decision you make? At B2BCFO® our values are honesty, integrity and objectivity. Once this is understood it is then

Jul 10Mike Ridder

Do You Know Where Your Cash Is?

Jul 10Mike Ridder

Cash is King Have you ever asked yourself the question, “I am making a profit but I don’t know where the cash is?”  Many business owners tend to manage their business strictly from the income statement.  An income statement is very important to a business as it provides a historical view of what transpired in the company over a period of time and gives the business owner, banks and other investors a better perspective of what contributed to the net

Jun 26Mike Ridder

Where Does the Bottom Line Actually Start?

Jun 26Mike Ridder

The Importance of Optimizing Gross Margin Have you ever wondered where the “bottom line” starts? It actually doesn’t start on the bottom. The “bottom line” starts up higher on the income statement with a healthy gross profit margin (“GM”). Simply stated, GM is the value of sales less the total cost of the product or service sold. It is a critical measure in any business. An expanding GM line is the result of good decision making about the price and

May 15Mike Ridder

In For The Long Haul

May 15Mike Ridder

Our B2B CFO® Engagements Often Last For Years In my last newsletter, I talked about how we at B2B CFO® establish our relationships with clients.  I talked about the free Discovery Analysis™ we offer to prospective clients and how we provide The Strategy Process™ to guide our work on high priority needs.  I showed how The Strategy Implementation™ phase focuses on those high priority needs, helping get a business’ financial and operational house in order.  Lastly, I talked about The Results Solution™

May 1Mike Ridder

The Game Plan™ – How We Work With Our Clients

May 1Mike Ridder

It can be uncomfortable and possibly scary to engage an outside consultant.  Overused business slogans and undecipherable acronyms in boiler-plate proposals offer little to define how the engagement will proceed, what will be accomplished, and an understanding of what it will cost. The B2B CFO® process includes The Game Plan™, a six step process depicted in the paragraphs below: The Discovery Analysis™ When I first meet a business owner who is curious about my services, I offer to conduct a