A number of years ago, I asked my husband, a finance guy, to review the company’s budget for the coming year. He looked at our projected top line revenue (which was projected to be a significant increase over the prior year) and asked, “Where’s the additional revenue coming from?” My response was that I took... View Article
Key Performance Indicators (KPIs) are the metrics that provide visibility on progress toward your business’s goals. Getting the right KPIs in place can help accelerate growth by shifting focus toward what’s truly important — enabling you to make informed and impactful decisions. But how does a business decide what the right metrics to measure are?... View Article
A lot of emphasis is placed on the need for metrics in business – “What gets measured, gets done” or “What gets measured, gets managed.” When management starts tracking a behavior, the staff starts paying attention to it. That’s good, right? That’s the point! When the metrics aren’t clear or aren’t aligned with your business’... View Article
For those of you who didn’t watch the Women’s NCAA Final Four basketball games, you really missed out. All three games were nail biters. I am a Notre Dame fan (for those who don’t already know) and have followed the Lady Irish basketball since their last championship in 2001 (17 years to the day before... View Article
Blog written by Michelle Bomberger, Equinox Business Law Group How many of you ended the year surprised by your business results? How many of you could have readily predicted what the results would be? It’s very common for small business owners to not have the tools to predict revenue and find themselves surprised by their... View Article
Our guest blog post comes from Dennis Purvine of CFO Selections. Dennis is a CPA and CFO and has worked with companies in all stages of development. ——————————— Intellectual Property (I.P.) can be protected by patent, copyright, trademark, etc. Companies that create, or purchase, intellectual property presumably create value for their business. (More on this... View Article
Dennis Hebert of CFO Selections shares insights on the finance side of your manufacturing relationship. ——————————— Congratulations! You have found a company that will manufacture your product. The company will produce your product at the quality level you want, and at a price that gives you great margins. You’re ready to sign the formal manufacturing... View Article