Dramatically Accelerate Correct Fiscal Leadership Decisions!
There seems to be no middle ground on the issue of how service is viewed.
Some say that Your Service organization is a necessary but problematic drain on resources. Others say that Your Service organization provides a positive and healthy ROI
My co- author reminded me of this article we wrote for the ISA Management Division Newsletter, January, 2007.
http://www.sequeiraconsulting.com/articles/service_equity.html
Seattle, Washington and Atlanta, Georgia – Enterprise risk management (ERM) expert and speaker Gary W. Patterson, FiscalDoctor®, book website http://whyriskmanagement.com/ is now available.
Million Dollar Blind Spots will create clear understanding to uncover blind spots in your company—and will dramatically accelerate correct business leadership decisions.
Make the best decisions to grow your business today. You’ll learn how to:
Think of this book as your tool for Enterprise Risk Management (ERM) on a beer budget. The systems presented by Gary Patterson, an experienced CFO/ CEO, will help you understand the difference between the financial problems that do not get resolved and the symptoms that almost always get treated in companies. Think of this book as getting a health check on your financial systems treat problems versus the symptoms.
The book is part of the series including “Million Dollar Blind Spots”, followed by “Why Risk Management: Systems for Making Informed Financial Decisions”, and then “Human Capital RX: The Fiscal Prescription for a Stronger HR Department.
Patterson works with leaders to uncover blind spots to make the best business decisions and dramatically accelerate correct fiscal leadership decisions. This helps leaders gain control of their financial destinies and capitalize on hidden high return opportunities, while limiting their exposure to risk. Patterson, a Big 4 CPA with a MBA degree from Stanford University, speaks regularly on topics such as corporate governance, risk management, strategic contingency planning, achieving corporate financial goals, and building long-term wealth.
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About Gary W. Patterson
Gary W. Patterson, president & CEO of FiscalDoctor®, has been interviewed or presented internationally at over 70 of the leading and most prestigious publications and groups in the world and worked with over 200 companies spanning supply chain, technology, transportation, construction, and service industries.
He authored “Stick Out Your Balance Sheet and Cough: Best Practices for Long-Term Business Health”, “The Fiscal Fitness System Understanding Balance Sheets, Income Statements, and Cash Flow” and “Find Your Million Dollar Blind Spots: 7 Thing You Need to Know”. For more information, visit his website at www.fiscaldoctor.com and his “free” fiscal fitness test at www.fiscaldoctor.com/fiscaltest.html. He can be reached at 678-319-4739.
With an ongoing series of multi-million dollar disasters, who knows when your organization might fall victim also. Consider my article How To Prevent Your Company From Becoming Another BP, which Australia’s Best Building, Construction and Mining (article link below) has allowed me to share.
Many feel that BP’s response to the oil spill is a textbook case for businesses to follow in what not to do in times of a crisis. They committed severe risk-assessment, contingency-planning, and crisis-response mistakes and exposed themselves to billions of dollars in clean-up costs and lawsuits.
Businesses should learn from this example and not make the following 7 critical mistakes:
For fuller description of these points and a seven step emergency plan for dealing with more information,
The full article is available below
Most people should be intrigued by this offer, particularly when they hear that this process often only requires little or minimal capital expenditures (CAPEX) investment. Here is how you can move both your top line revenues and bottom line growth from just OK to Great!
Here is how it plays out. During my discussion with BK, I replied, it sounds like your business operating results and supporting systems are OK, but not as good as they would be if you made some basic changes.
How familiar does this sound?
Let us talk about where you are now, what organizational bliss would mean to you, and how to get there. You know where you want to be this year, and may have a specific vision of your 3 and 5 year goals.
What I suggested to BK, and possibly suggest to you, is:
1. First, look at which parts of your organization can build on strengths or accelerate opportunities underway.
2. Second, decide which of those areas would benefit from a financial and accounting checkup. Examples to review could include financial statements, operating reports, unit level reports, cash flow projections, budgets, strategic plans, and long-term financial planning. After all, if accurate and speedy management and operational information is crucial to grow revenues and net income after taxes, improving those tools often can be done at limited expense.
3. Third, pick at least one area in the second step and get started. After all, great ideas which never get implemented by one company sometimes become a competitive advantage for a competitor, who actually uses the best practices.
Now, consider targeting a result which at a minimum pays for any cost of these improvements over 1 to 3 years. Since a 3 year payback is at least a 33% return, most companies struggle to find such a level of return on expensive capital expenditures payback submissions.
It is important to note that most of you would accept moving from OK (a pretty unhappy place to be for most leaders) to at least good enough. If so, be pleased that this strategic update or operational management review may be quite simple to accomplish.
But, you can do even better and be surprised when you invest a little more time and money off-site with these questions in order to spotlight at least one action to take with a potentially lucrative ROI.
If unsure whether your organization has the facilitator or moderator needed for this process, look around.
Sharing my article originally published on ezine articles per courtesy.
http://ezinearticles.com/?Move-Your-Revenues-and-Bottom-Line-From-Just-OK-to-Great!&id=7680203
Corporate Counsel: Million Dollar Blind Spots Author /ERM Expert & Speaker Gary W. Patterson Will Attend Corporate Counsel Awards
April 30, 2013 – Atlanta GA – Enterprise risk management (ERM) expert and speaker Gary W. Patterson, FiscalDoctor®, will attend the Corporate Counsel Awards hosted by the Association of Corporate Counsel, Georgia Chapter.
This awards luncheon highlights the outstanding work by both generalists and specialists in public and private companies and nonprofit organizations of all sizes. And, even more important, these awards emphasize the value these professionals add to their organizations’ bottom lines. With the legal and regulatory landscapes of many industries seeing rapid and constant evolution and change over the last several years, the role of in-house counsel has never been more crucial to each company’s success. Be with us when we honor the best and the brightest in-house counsel! http://www.acc.com/chapters/georgia/
Patterson works with leaders to uncover blind spots to make better business decisions and dramatically accelerate correct fiscal leadership decisions. This helps leaders gain control of their financial destinies and capitalize on hidden high return opportunities, while limiting their exposure to risk. Patterson, a Big 4 CPA/Stanford MBA, speaks regularly on topics such as enterprise risk management, strategic planning, risk management assessments, achieving corporate financial goals, and building long-term wealth.
He works with General Counsel on special projects in corporate governance, risk assessments, enterprise risk management (ERM), operational risk management (ORM), fiscal checkups, strategic planning updates, and strategic growth diagnostics.
About Gary W. Patterson
Gary W. Patterson, president & CEO of FiscalDoctor®, has been interviewed or presented internationally at more than 80 of the leading and most prestigious publications and groups in the world and helped over than 200 companies during 30 years, spanning supply chain, high tech, transportation, construction, and service industries.
His Million Dollar Blind Spots: 20/20 Vision for Financial Growth book provides cutting edge follow-up to the theme of blind spots: how to identify them, exploit opportunities and mitigate risk related to million dollar blind spots. This builds upon his earlier book Stick Out Your Balance Sheet and Cough: Best Practices for Long-Term Business Health. Visit his website at https://fiscaldoctor.com and “free” fiscal fitness test at https://fiscaldoctor.com/fiscal-quiz/. Mr. Patterson can also be reached directly at +1(678)319-4739.
© 2013 Gary W. Patterson. All rights reserved.tel. # 678-319-4739. ###
Enterprise Risk Management Expert and Speaker Gary W. Patterson Will Attend National Association of Corporate Directors Board Leadership Conference 2013
April 25, 2013 – Washington DC – Enterprise risk management (ERM) expert and speaker Gary W. Patterson, FiscalDoctor®, will attend the NACD Board Leadership Conference Future-Proofing the Boardroom hosted by the National Association of Corporate Directors focused on – Audit, Compensation, Nominating/Governance, Private Company, Strategy and Risk.
It’s the community of more than 800 public company directors who convene each year to address emerging issues, share new ideas, and further the pursuit of exemplary board leadership. It’s the opportunity to hear from the true experts in corporate governance—board of directors like you who have developed leading practices in order to meet real boardroom challenges. It’s session after information-packed session developed by directors, for directors.
Who will be there?
Patterson works with leaders to uncover blind spots to make better business decisions and dramatically accelerate correct fiscal leadership decisions. This helps leaders gain control of their financial destinies and capitalize on hidden high return opportunities, while limiting their exposure to risk. Patterson, a Big 4 CPA/Stanford MBA, speaks regularly on topics such as enterprise risk management, strategic planning, risk management assessments, achieving corporate financial goals, and building long-term wealth.
Call him for a free 30 minute consultation on your potential Million Dollar Blind Spot opportunity to exploit or risk to minimize.
About NACD
NACD advances exemplary board leadership – for directors, by directors. Our team provides the information and insights that board members rely upon to confidently navigate business challenges and enhance long-term shareowner value. Importantly, directors and boards turn to NACD to gain the knowledge and wisdom to become a strategic asset to their companies, and NACD amplifies the collective voice of directors in the national dialogue on board governance issues. NACD is the Voice of the Director. This is not corporate speak: Our entire organization is focused on meeting the needs of board members, and supporting directors to perform more effectively and efficiently.
About Gary W. Patterson
Gary W. Patterson, president & CEO of FiscalDoctor®, has been interviewed or presented internationally at more than 70 of the leading and most prestigious publications and groups in the world and helped over than 200 companies during 30 years, spanning supply chain, high tech, transportation, construction, and service industries.
His Million Dollar Blind Spots: 20/20 Vision for Financial Growth book provides cutting edge follow-up to the theme of blind spots: how to identify them, exploit opportunities and mitigate risk related to million dollar blind spots. This builds upon his earlier book Stick Out Your Balance Sheet and Cough: Best Practices for Long-Term Business Health. Visit his website at https://fiscaldoctor.com and “free” fiscal fitness test at https://fiscaldoctor.com. Mr. Patterson can also be reached directly at +1(678)319-4739.
© 2013 Gary W. Patterson. All rights reserved.tel. # 678-319-4739. ###