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July 20, 2017 by fiscaldoctor

Sustainable Growth Strategies

CEO, President, Board members, C-Suite, CRO, CFO, Internal Audit, Investors, Bankers

June 14, 2017 – Boston, Massachusetts and Atlanta, Georgia – International sustainable profitable growth and enterprise risk management (ERM) expert and speaker Gary W. Patterson recorded a growth oriented video for BusinessTown. https://businesstown.com/shows/gary-patterson/business-growth-strategies-fiscal-doctor/

He discusses 5 themes or blindspots to enable profitable growth or reduce risk. To go deeper in each theme discussed, ask yourself the accompanying question.
1. Customer and product profitability – My business does not accurately know who its 10 most profitable customers are.
2. Change – My company does not know how changes at one of our top 10 customers would affect our own bottom line.
3. Overly optimistic balance sheet – My business occasionally capitalizes expenses that create assets with questionable recorded value.
4. Opportunity cost – My business has an asset it would be better off selling at a loss to free up cash to pursue a more promising opportunity.
5. Puffery – My business paints an overly optimistic picture of our company among customers, vendors, or financing sources.

On a score of 1 to 10 for each of these themes with a 1 being “our business needs to address this now” to 10 being “we have this covered and spending more time on it would divert us from other more important activities,” where can you and should you “do better?”

To discuss any of these in more detail, your situation, or how your top issues 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.

About BusinessTown
Become part of our mission to: Deliver world-class advice, inspiration and motivation in a way that makes it fun and easy to start and run a small business. Learn. Innovate. Grow.
BusinessTown will give you the knowledge and inspiration to launch your startup and grow it into a thriving enterprise. Our expert videos will take you step-by-step through every aspect of building a successful business. Our video format makes it easier to learn and retain business concepts, making you a better businessperson. https://businesstown.com/

About Fiscal Doctor Inc.
FiscalDoctor Inc. enables growth through leverage you did not know you had and works with leaders to uncover million dollar holes to make the best business decisions and dramatically accelerate correct fiscal leadership decisions. This helps leaders regain control of their financial destinies and capitalize on hidden high return opportunities, while limiting exposure to risk.

Patterson, a Big 4 CPA with a MBA degree from Stanford University, speaks regularly and leads strategic working sessions on topics such as corporate governance, risk management, strategic contingency planning, achieving corporate financial goals, and building long-term wealth.

His book Million Dollar Blind Spots: 20/20 Vision for Financial Growth provides cutting edge follow-up for blind spots: how to identify them, and exploit opportunities and mitigate risk related to million dollar blind spots. Visit his website at https://fiscaldoctor.com and “free” fiscal fitness test at https://fiscaldoctor.com/fiscal-quiz/ , or call 678-319-4739.
© Gary W. Patterson. ###

July 13, 2017 by fiscaldoctor

Reduce Risk: Middle Market, Board, President, C-Suite, Family Business

REDUCE RISKS BY ADDING ALLIES FOR BETTER RISK MANAGEMENT: Reveals Sustainable Profitable Growth expert and Speaker Gary W Patterson, the FiscalDoctor®

July 11, 2017 – Birmingham, United Kingdom and Atlanta, Georgia – International enterprise risk management (ERM) expert and speaker Gary W. Patterson’s article “REDUCE RISKS BY ADDING ALLIES FOR BETTER RISK MANAGEMENT” is published by Risk & Compliance, a member of Financier Worldwide. https://riskandcompliancemagazine.com/reduce-risks-by-adding-allies-for-better-risk-management/

By investing small amounts of additional time and money, you can dramatically improve ERM efficiency while gaining new allies, and even friends.

Learn:
Who are your natural allies?
Where can you search for them?
Why will they care?

Every organization, regardless of size, never has all the money,
people or time desired. But value can be added through the fresh eyes and comments of independent outsiders. Look at how well your organization accesses and coordinates with outside resources

To keep your organization strong, consider where you can you apply some of these suggestions and coordinate with your natural allies for the betterment of all.

To discuss your situation, or how your answers on the questions 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.

About Financier Worldwide
Financier Worldwide is a leading publisher of news and analysis on the global business and finance market place. With leading products such as the monthly print publication, Financier Worldwide Magazine, the organization has become recognized as a leading source of intelligence to the business and corporate advisory community. www.financierworldwide.com

About Fiscal Doctor Inc.
FiscalDoctor Inc. enables sustainable profitable growth through leverage you did not know you had and works with leaders to uncover million dollar holes to make the best business decisions and dramatically accelerate correct fiscal leadership decisions. This helps leaders regain control of their financial destinies and capitalize on hidden high return opportunities, while limiting exposure to risk.

risk assessment to uncover opportunities to accelerate and risk to minimize

July 6, 2017 by fiscaldoctor

Middle Market and SMB Leaders and Directors: Sustainable Profitable Growth

Sustainable profitable growth and enterprise risk management (ERM) expert and speaker Gary W. Patterson, FiscalDoctor®, attended the Dallas Mentor Conference.

You know how your organization sometimes feels like it is a best kept secret, coasting on past success, or just stuck, so you have nagging underperforming feelings?

Patterson works with leaders to Drive responsibility through your management team, grow top line revenues and reduce risks by making the best business decisions to dramatically accelerate correct fiscal leadership decisions uncovering Million Dollar Blind Spots©. This helps leaders gain control of their financial destinies and capitalize on hidden high return opportunities, while limiting exposure to risks. Patterson, a Stanford MBA/ Big 4 CPA, consults and speaks regularly on topics including:
• Business Growth
• Sustainability: Organizational
• Facilitator
• Accountability
• Management
• Risk Management

Clients call him their FiscalDoctor® and just as every person needs a medical doctor; every business 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.

About Gary W. Patterson
Gary W. Patterson, president & CEO of FiscalDoctor®, has been interviewed or presented internationally at over 151 of the leading and most prestigious publications and groups in the world and helped over than 200 companies during 30 years, spanning supply chain, technology, transportation, construction, and service industries.

His book Million Dollar Blind Spots: 20/20 Vision for Financial Growth provides cutting edge follow-up for blind spots: how to identify them, exploit opportunities and mitigate risks. Visit his website at https://fiscaldoctor.com and “free” fiscal fitness test at https://fiscaldoctor.com/fiscal-quiz/ , or call 678-319-4739.

June 27, 2017 by fiscaldoctor

How to Describe the Required Rate of Return on Capital Investment for a Company

Courtesy of Chron

Describing the required rate of return for a company will require you to look at the hurdle you want to get above. Get a description of the required rate of return on a company with help from an experienced business professional in this free video clip.

http://smallbusiness.chron.com/describe-required-rate-return-capital-investment-company-79900.html

June 20, 2017 by fiscaldoctor

National Contract Management Association Recommends ERM Expert

Gary W. Patterson’s Hot-Off-the-Press Book, Stick Out Your Balance Sheet and Cough

September, 2009, Ashburn, Virginia – National Contract Management Association (NCMA) has added to its Recommended Reading List Gary W. Patterson’s book, Stick Out Your Balance Sheet and Cough: Best Practices for Long-Term Business Health. Patterson is an enterprise risk management expert and sought-after speaker. In his newly released book, the author warns: “What You Don’t Know about Your Business Can Cost You Your Business.”

As FiscalDoctor^®, Patterson’s book contains the same practical advice and tools that he uses in his everyday practice to help companies grow while managing risk in an increasingly challenging economic environment. To this end, he helps leaders identify internal problems from inventory mismanagement, outdated and incomplete financial reports, and false accounting assumptions to external forces like misreading the market, losing competitive advantage, and missing golden opportunities.

About NCMA NCMA was formed in 1959 to foster the professional growth and educational advancement of its members. NCMA’s goal is to lead and represent the contract management profession. Its vision is that enterprises will succeed through improved buyer–seller relationships based on common values, practices, and professional standards. NCMA’s mission is to improve organizational performance through effective contract management. www.ncmahq.org.

About Gary W. Patterson Gary W. Patterson, president and CEO of FiscalDoctor^®, has been a high-growth consultant for more than 200 companies spanning technology, supply chain and service industries. His clients include startups, Inc. 500, and middle-market companies worldwide. Patterson is a well-known speaker on ERM, corporate governance, risk analysis, leadership and the impact of renewable energy on the world economy.

His recently published book, Stick Out Your Balance Sheet and Cough: Best Practices for Long-Term Business Health is targeted to CEOs and business leaders of companies who are managing growth while struggling with the reality of these challenging economic times. The book is available on Amazon.com. For more information on the FiscalDoctor, visit his website at www.fiscaldoctor.com. Patterson also offers a “free” fiscal fitness test at www.fiscaldoctor.com/fiscaltest.html. He can be reached at 678-319-4739.