News — Page 5

April 25, 2017 by fiscaldoctor

More CEO and Leaders Reveal: How to Have a Great 2017

A number of you asked about the other half of the top 10 list items of the CEO CONFIDENTIAL MEMO: TOP 10 LIST FOR GREATER SUCCESS IN 2017” published in the Financier Worldwide (UK) Risk & Compliance media.

As a reminder, I raised the question What top 3 priorities should leaders be addressing in the coming year to 50 CEO and board members.

The executive summary of the top issues 6 to 10 in reverse order is

10. Digital technologies will almost certainly move up the priority list. With ruthless capability to accelerate the pace of change and wring cost savings from business processes, coping with these ever developing technological advances has become the new norm.

9. Disruption, whether it brings risk or opportunity, remains a top concern. To address the risk side, consider which start-up is poised to eat your lunch. To create a potential opportunity, aim for the niche that positions you to eat someone else’s lunch.

8. Relationships with key stakeholders are shifting, both in terms of the make-up and the relative importance of different groups. This may necessitate changes in how you engage with these constituencies.

7. Growth will always be on leaders’ top-ten lists. Without sustainable profitable growth, organizations begin a relentless decline until they ultimately suffocate and die.

6. Changes, particularly black swan events (which by definition are unforeseeable and cause major consequences), have their roots in the inability to see existing situations rather than a failure to predict future disruptions. Among the concerns noted by CEOs was the fact that overworked managers may not see the proverbial 800-pound gorilla, or may not feel safe pointing it out if they do see it.

Again, through careful consideration of these issues and adapting these priorities to fit your organization, you will be positioned to overcome challenges to achieve greater growth and prosperity in the coming year.

Call me at 678-319-4739 for a brief discussion of any of the above points, your opportunity or risk, or just to say hello.

April 11, 2017 by fiscaldoctor

Growth, Accountability, Leadership, Change, Sustainability, Risk Management Expert

Author, Speaker & Consultant Gary W. Patterson, FiscalDoctor® Books Available in 12 Countries

Seattle, Washington and Atlanta, Georgia – Sustainable profitable growth and enterprise risk management (ERM) expert and speaker Gary W. Patterson, FiscalDoctor®, has been selected by AudioInk to publish a series of business oriented books for entrepreneurs and business leaders.

Already available in 12 countries, the series includes “Million Dollar Blind Spots”, “Why Risk Management?: Systems for Making Informed Financial Decisions”, “Human Capital RX: The Fiscal Prescription for a Stronger HR Department, “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”.

What Patterson does now, all day – every day, is Help business leaders, maybe not unlike yourself, who feel their business is a little too much of a best kept secret, stuck, or coasting on past success. Often this helps you enable sustainable profitable growth. Or it involves helping find the Million $ Blind Spot before it finds you.

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.

Clients call him their FiscalDoctor® and just as every person needs a medical doctor; every organization needs a FiscalDoctor and periodic fiscal checkups. He also supports special projects for risk assessments, enterprise risk management (ERM), operational risk management (ORM), fiscal checkups, corporate governance, strategic planning updates, and strategic growth diagnostics.

To discuss your situation or a strategic working session, call Gary Patterson at 1-678-319-4739.

About AudioInk

AudioInk boasts a powerful network of online distributors providing material worldwide. Our outlets involve such industry leaders as Apple’s iTunes, Amazon, B&N and more.

Founded in 2011, AudioInk Publishing, a division of Made For Success, Inc., is dedicated to providing authors and speakers the opportunity to make their Books, eBooks, Audiobooks, Speeches and other content available to leading retailers. AudioInk provides generous royalties and full service to extend the greatest opportunity to self-published authors. Great or small, everyone should have full access to distribute their work successfully. http://audioink.com/about/

About Gary W. Patterson

Gary W. Patterson, president & CEO of FiscalDoctor®, has been interviewed or presented internationally at over 152 of the leading and most prestigious publications and groups in the world and worked with over than 200 companies spanning supply chain, technology, transportation, construction, and service industries.

For more information, visit his website at www.fiscaldoctor.com and his “free” fiscal fitness test at https://fiscaldoctor.com/fiscalquiz.html. He can be reached at 678-319-4739.

Find the Million Dollar Blind Spot; in time.

September 6, 2016 by fiscaldoctor

Middle Market Leaders: Evaluate Enterprise Risk Management Basics

CFO, CRO, Board of Director, Internal Audit, ERM and risk professionals

Profitable growth and enterprise risk management (ERM) expert Gary W. Patterson, FiscalDoctor®, is selected to deliver a Illumeo course on Evaluate the Basics and Effectiveness of Your ERM Program. https://www.illumeo.com/courses/basic-erm-effectiveness-training-course

This course is geared both for someone at an organization setting up the basics of enterprise risk management (ERM) on a limited budget or someone wanting to improve strategic and operational benefits to extract more value from an established ERM program.

By taking this course, you can also obtain more value from complimentary programs in: operational risk management, ORM, business continuity, compliance, Sarbanes Oxley, risk, risk assessment, due diligence, internal audit, strategic planning, governance, safety, lean six sigma, or quality.

About Illumeo:

The leading online professional development platform for the office of the CFO, Illumeo enables finance professionals to make smarter business decisions, connect with their peers, build their skills and advance their careers. Illumeo is the place the entire office of the CFO goes to learn for today and advance in their careers. https://www.illumeo.com

Call to talk about how you can receive more value from your programs for a business assessment, risk assessment, or just recurring business model update.

August 30, 2016 by fiscaldoctor

Dahlonega Georgia Federal Mint

Happy holiday this year on your special vacation.

August 9, 2016 by fiscaldoctor

How You Can Determine Your Million Dollar Blind Spot Score (Or Euro, Yen etc.)

The question of Million Dollar Blind Spots affecting your organization is just a question of when, not if.

Consider an approach to suggest the type of major surprise most likely to occur at your organization to supplement your enterprise risk management, strategic planning or contingency planning program. After all the company, job or reputation you save may be your own or that of a friend.

The article suggests 10 classifications to consider as part of your specific processes; 3 of which are noted below:

The Incomprehensible: Many businesses were blindsided by the “incomprehensible” 1980 eruption of Mount St. Helens in Washington State

With Acknowledgement Comes Blame – Passing the Buck

Shoot the Messenger:

Although each classification has subtle differences, they all fall within three general categories: unforeseen blind spots of varying degrees, systemic and widespread communication failures, and outright fraud and deceit.

What potential issue at your organization warrants scoring with this strategic, easily applied, inexpensive rating scale?

You can access the full article at

http://riskandcompliancemagazine.com/what-is-your-million-dollar-blind-spot-score

Please comment on why you agree or disagree with my suggestions or contact me about your unique situation at 678-319-4739 or https://fiscaldoctor.com/contact-us/ .

June 21, 2016 by fiscaldoctor

Goldilocks and the Three Lists of Business Priorities

In the classic children’s story, Goldilocks, hungry and under duress, enters the house of the three bears searching for a bowl of porridge that is heated to her liking. As a leader in your organization, you too must find the right balance. Where does your organization place its attention?

When Goldilocks samples the first bowl, she finds the porridge “much too cold.” An organization with a blank list of key priorities is like a ship without a rudder – simply at the mercy of every wind and current that comes along.

Goldilocks moves on the second bowl. She finds the gruel “much too hot.” Practically speaking, an organization which replaces zero priorities with a hundred priorities still has no priorities. Running around with your hair on fire doing a hundred things may give you a sense of urgency and importance, but in a world of limited time and resources, this will not allow you to get the job done.

An organization can’t be all things to all people. You should concentrate your organization on five to seven key but manageable priorities As Goldilocks finds in her third bowl of porridge, you may find that focusing on just a few key priorities “just right.”

I look forward to continuing our relationship in the next year and beyond, and also look forward to your success stories by implementing these upcoming year strategies.

Sincerely, Gary