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Fiscal Doctor

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June 6, 2017 by fiscaldoctor

What Is a Price Ceiling in Economics?

A price ceiling in economics is the maximum amount of money that you can charge for something. Find out about a price ceiling in economics with help from an experienced financial professional in this free video clip.

http://smallbusiness.chron.com/price-ceiling-economics-76725.html

Filed Under: Timely Reports Tagged With: economics price

May 30, 2017 by fiscaldoctor

Cash Can Always Be Better Than King – It Actually Rules

Improve Your Company’s Liquidity to Finance That Opportunity Just over the Horizon

 Gary W. Patterson, president & CEO of FiscalDoctor®, sustainable profitable growth and enterprise risk management (ERM) expert, and speaker advises executive leaders to Spring Clean their financial houses, beginning with preserving or improving their cash reserves to exploit fleeting hidden opportunities. Patterson updates 7 sure-fire tips on how to improve your cash flow and fortify your company’s position in the marketplace.

  1. Scrutinize (or Obtain) your Rolling Operational Operating Statement.
  2. Learn which products are loss leaders and either get rid of them or, at the very least, consider raising prices.
  3. Ask employees for suggestions. Heed the adage, “Ain’t any of us as smart as all of us.”
  4. Postpone purchases.
  5. Review inventory levels by how many days’ sales and adjust outstanding and future orders appropriately.
  6. Send out all accounts receivable statements monthly.
  7. Do more with less. There is a reason why this tried-and-true phrase exists.

Ensure you timely and accurately receive the management information reports to easily complete these reviews. What other key information might you be missing? Call now to answer your situation 678-319-4739.

Patterson suggests that companies pull this list out every six months to see where and how you can better manage your company’s cash flow. When the economic climate changes as dramatically and as frequently as it seems to be nowadays, remember that cash is better than king – it rules.

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.

© Gary W. Patterson ###

 

Lets talk about strengthening your cash access and availability.
Lets talk about strengthening your cash access and availability.

 

Filed Under: Timely Reports

May 23, 2017 by fiscaldoctor

Packaging Projects

Courtesy of chron

Find out about packaging projects with help from an experienced business professional in this free video clip.

http://smallbusiness.chron.com/packaging-projects-79887.html

Filed Under: Audios

May 16, 2017 by fiscaldoctor

BoardRoom Black Holes and Taboos

Gary has been writing and presenting on board room black holes and taboos based on his research with National Association of Directors (NACD) and the Conference Board of Canada.

During this show, we will talk about Gary’s top 5 issues and why executives and board members need to be thinking about these high impact topics. His goal is to help leaders find blind spots before they blind side you.

This discussion focuses on the top five black holes and taboos that emerged during his research:
1. Where do you make money?
2. Change – the world is changing – how quickly should your organization change?
3. Overly optimistic financial and procedures and processes.
4. Opportunity cost – what made sense once upon a time may not make sense now.
5. Face the facts – what do you measure and how much is in the rear view mirror vs. what is anticipatory?

This May 9th interview is designed to help you as a leader anticipate and identify your blind spots and taboos.
https://www.voiceamerica.com/episode/98166/board-black-holes-and-taboos

Press release re this show is available at https://www.expertclick.com/NewsRelease/Sustainable-Profitable-Growth-for-Middle-Market-Leaders,2017106442.aspx

Maureen Metcalf interview
Maureen Metcalf interview

 

 

 

 

 

 

Voice America interview

Filed Under: News Tagged With: best practices board of directors business leadership decisions

May 9, 2017 by fiscaldoctor

AM&AA Adds Stick Out Your Balance Sheet and Cough to Its Recommended Reading List

ERM Expert Gary W. Patterson Offers Blueprint on Taking Risk out of Operations or M&A

November 10, 2009, Chicago, Illinois – The Alliance of Merger & Acquisition Advisors® (AM&AA)) 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 www.amaaonline.com/books. 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, acquisition or major project.” The complete review is available at www.amaaonline.com/books.

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 executives 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 Alliance of Merger & Acquisition Advisors
The AM&AA is the acknowledged leading association and credentialing body for Middle Market M & A Professionals. Formed in 1998 to bring together Intermediaries, Investment Bankers, CPAs, attorneys and other experienced corporate financial advisors, AM&AA’s 600+ professional services firms – including some of the most highly recognized leaders in the industry—draw upon their combined transactional expertise to better serve the needs of their middle market clients worldwide. AM&AA members represent sellers and buyers of businesses ranging from $5 to $500 million in transaction value. Their services are seller representation, buyer representation, due diligence, accounting, financing, business valuation, tax planning, legal, strategic advisory, and many other transaction services www.amaaonline.com/.

About Gary W. Patterson
Gary W. Patterson, president and CEO of FiscalDoctor®, has been a 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 681-319-4739.

© Gary W. Patterson

Stick Out Your Balance Sheet and Cough: Best Practices for Long-Term Business Health
Stick Out Your Balance Sheet and Cough: Best Practices for Long-Term Business Health

 

Filed Under: Timely Reports Tagged With: balance sheet business assessment business growth financial statements

May 2, 2017 by fiscaldoctor

To add Value – Sanity Check Your Enterprise Risk Management (ERM)

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

Birmingham, United Kingdom and Atlanta, Georgia – International sustainable profitable growth and enterprise risk management (ERM) expert and speaker Gary W. Patterson’s article “Sanity Check Your Enterprise Risk Management” is published by Risk & Compliance, a member of Financier Worldwide.  https://riskandcompliancemagazine.com/sanity-check-your-enterprise-risk-management

Position your organization for success — and avoid letting unforeseen risks damage your profits or your reputation. How? Consider where your sanity check of seven basic building blocks can add value to your ERM system, its effectiveness, and its value versus the monetary and personnel resources invested.

  1. What is ERM — and why should you care?
  2. Which mandatory policy decisions should exist in your program?
  3. What other elements are necessary for an ERM program?
  4. What is the appropriate risk context for your organization?
  5. How is an effective risk culture developed?
  6. How are potential risk events categorized?
  7. What are the primary types of risk responses?

On a score of 1 to 10 for each of these areas 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 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 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. ###

Value Based Risk Management Overview
Value Based Risk Management Overview

Filed Under: News Tagged With: business growth CEO corporate governance enterprise risk management ERM

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Gary W. Patterson, The Fiscal Doctor

812 Hallbrook Lane, Alpharetta, GA 30004
Contact No: 678-319-4739
Email: info (at) fiscaldoctor (dot) com

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812 Hallbrook Lane, Alpharetta, GA 30004
Contact No: 678-319-4739
Email: info (at) fiscaldoctor (dot) com

Copyright © 2016 - All Rights Reserved - Website Design by Pixelion Art

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