Timely Reports

March 20, 2017 by fiscaldoctor

Watch for New Board Strategies for NonProfits and Private Business

Key to your ongoing long term sustainability for both for-profit and non-profit organizations is your leadership team and how well it executes your strategic plan /business model.

Key to that most effective leadership CEO or Executive Director is the Board of Directors, one of whose primary goals is to work with, evaluate and motivate, and be responsible for succession planning of both that leader and their key leadership team.

That leader and their team are responsible to create, update and execute the strategic plan, related budget and governance under the business model which your Board of Directors approve.

The common theme is the bedrock nature of your Board of Directors and its effectiveness for your unique situation.

Three key points to this article follow:

1. Boards will see the critical need to provide more extensive training for existing directors, This should improve your organization’s critical ability to spotlight potential million-dollar blind-spot opportunities and risks, IN TIME, before they find you.

2. Organizations will outsource more support. For example, small- and medium-sized organizations need access to skilled expertise in areas like cyber, digital and independent ERM (enterprise risk management).

3. There will be greater turnover at the director level.

This below the surface change is here. How prepared are you for it, on a scale from 1 to ten, where 1 is not very and 10 is well aware? If less than a 10, where would you like to be?

NPW generously shared my article in their 2017 first quarter publication.

New Board Strategies article

NONPROFIT WORLD website describes their purpose as:

“Society for Nonprofits is a leading resource for nonprofit professionals and has been helping nonprofit leaders increase their knowledge and grow the capacity of their organizations for more than 30 years.’

https://www.snpo.org/aboutus/

Also consider what I call “Fiscal Quiz” – a two minute or less reflection. You can get your copy for free by going to https://fiscaldoctor.com/fiscal-quiz/

March 14, 2017 by fiscaldoctor

Get Free “Financial Magic Pills”

Several ezine readers and colleagues suggested a pinch of levity mixed with high value add for yourself personally and business wise.

Seriously, until gone, the FiscalDoctor® is offering three free magic pills for organizations in the 20 to 500 ish employees range:

A blue one, which can save you money on a unique supplementary blended HR and healthcare option. You will be able to see if savings are possible within 48 hours of a follow-up call.
A green one, which can save you money on merchant processing fees for those same size. You will be able to see if savings are possible within 48 hours of a follow-up call after sending 3 of the more recent monthly merchant fee statements.
A golden one, which can be invaluable based upon a free 15-minute call, to see if one of my services offers meaningful value for a paid project.

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.

Respectfully, Gary

Gary Patterson FiscalDoctor, Inc. 678-319-4739 www.FiscalDoctor.com

Reduces financial risk, strategically aligns companies, and increases profit

There is always time to talk about how I can be a helpful trusted resource.

March 7, 2017 by fiscaldoctor

Emergency Notification Procedures

Courtesy of Chron

Emergency notification procedures will likely vary depending on the circumstances of the specific situation that you face. Find out about emergency notification procedures with help from an experienced business professional in this free video clip.

http://smallbusiness.chron.com/emergency-notification-procedures-79886.html

February 21, 2017 by fiscaldoctor

Help a small or middle market company gain a free 25K+ package

Someone you know may benefit from learning about the Goldman Sachs 10,000 small business initiative to stimulate business growth and employment, which I help as a national Virtual Business Advisor (VBA).

Goldman Sachs 10,000 Small Businesses launched in 2009 as an investment to help entrepreneurs create jobs and economic opportunity by providing greater access to education, capital and business support services (in 34 different states in a prior session).

Companies that are accepted obtain free access to a 11 session blended learning program geared to helping them identify opportunities, develop leadership skills and maximize their business operations.

http://www.goldmansachs.com/citizenship/10000-small-businesses/US/

A large number of current attendees do so after being told about this program by a prior graduate, or related organization. Since you may know a small young company that would benefit from this, I thought helping someone you know benefitting from this program warranted one of my emails.

The FiscalDoctor part of me wanted to know an estimate of the value of the package that the winning entrepreneurs earned. I was told my guesstimate of 25 to 30k was reasonable.

Let me know if you want to talk more about the value I saw the leaders I help receive or any other questions.

Or, if you know a CEO who is lonely at the top and would like to have coffee and ask what CEOs are learning in the Goldman Sachs 10,000 small business program, have them call me at 678-319-4739.

You can also contact me today at to talk about your special situation or project that needs immediate attention. On that note, I look forward to serving you.

Gary

Gary Patterson

FiscalDoctor, Inc.

(678) 319-4739

January 31, 2017 by fiscaldoctor

Who Does the Feedback Go to in a 360 Assessment for a Nonprofit Organization?

Feedback in a 360 assessment in a non-profit will likely go to the economic buyer. Find out where the feedback goes in a 360 assessment of a non-profit with help from an experienced financial professional in this free video clip.

http://smallbusiness.chron.com/feedback-360-assessment-nonprofit-organization-76729.html

January 24, 2017 by fiscaldoctor

TOP 10 LIST FOR GREATER SUCCESS IN 2017

CEO Confidential Memo: Middle Market, Board, President, C-Suite

TOP 10 LIST FOR GREATER SUCCESS IN 2017: Reveals Sustainable Growth expert and Speaker Gary W Patterson, the FiscalDoctor®

January 20, 2017 – Birmingham, United Kingdom and Atlanta, Georgia – International enterprise risk management (ERM) expert and speaker Gary W. Patterson’s article “CEO CONFIDENTIAL MEMO: TOP 10 LIST FOR GREATER SUCCESS IN 2017” is published by Risk & Compliance, a member of Financier Worldwide. https://riskandcompliancemagazine.com/ceo-confidential-memo-top-10-list-for-greater-success-in-2017

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. The executive summary of the top five issues in reverse order is:

(5) Cyber security remains a top issue. Most of us still cannot identify what we do not know about our level of almost-invisible, but ever-present risk.

(4) Board accountability, especially as it relates to NACD’s current Blue Ribbon Commission Report, ‘Building the Strategic-Asset Board’, is another top issues.

(3) Enterprise risk management (ERM) remains a top issue, since in many cases, this area still requires more support throughout all levels of the organization, rather than being limited to internal audit, the chief risk officer or external auditors.

(2) Because people are needed to execute your strategy or vision, people continue to be a top priority. The adage of getting the right people on the bus still holds true, however, in addition, leaders need to focus on the new destination of that bus and choose the people accordingly.

(1) Strategy remains the master point from which all other concerns emanate.

• The first nine issues above serve as checkpoints for the validity of a company’s strategy.

• What are ambiguous, soft or fluffy areas of your current or longer-term strategy?

• How sure are you that your people are engaged, understand the current strategy and the role they each play to support and implement it?

To discuss the full list, your situation, or how your votes differ, call Gary Patterson at 1-678-319-4739. 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.