Fiscal Doctor

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Why You Should Become Best Friends With Your Company’s Chief Financial Officer

Lisa was nice enough to share the link in Fast Company on my quote for her article on seismic changes in middle market companies.

Even though this seems to be a penny wise, pound foolish trend, the roles of CFO and COO are being combined.

In a majority of situations I have seen and heard about, the CFO chair is winning over the COO chair. Think of the reason being that it is easier for the CFO to take over primary responsibility for operations than for the COO to take over responsibility for finance and accounting,

http://www.fastcompany.com/3029818/bottom-line/why-you-should-become-best-friends-with-your-companys-chief-financial-officer?partner=newsletter

However regardless of whether you agree or disagree with the situation, the trend is here. Ignore the trend at your own peril.

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Long-Range Strategic Plans for Nonprofits

Welcome, I’m Gary Patterson. Today, we are talking about long range strategic planning for nonprofits. Think of this by definition strategic planning is what you need to do so that you will meet the mission, you will do it with the best use of resources of people over time and for a nonprofit, it’s not that different than for a for profit. The key issue still is what are you going to do over an extended time period, usually three to five years. Now here is a tough part because what I normally find is that nonprofits are really good at using an 18 month cash flow as their long term issues. That does not get you there, you really need to do three to five years and the reason for this is that unless you do this you can’t assess accountability and people need that accountability to really move toward long term goals. So, numbers are important, numbers are your friend. Thank you for joining us today.

http://smallbusiness.chron.com/longrange-strategic-plans-nonprofits-78094.html

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Best Practices for Getting Your First Board Seat as a CFO

ExecSense, Selects ERM/ORM Expert Gary W. Patterson to Lead Discussion

 April 8, 2014 – San Francisco, CA and Atlanta, GA – Gary Patterson, FiscalDoctor®, international high growth and enterprise risk management (ERM) expert and speaker, was selected by the speaker board of ExecSense to lead a webinar titled “Positioning Yourself for Board Member Seats as a CFO.” The webinar is now available at http://www.execsense.com/positioning-yourself-for-board-member-seats-as-a-cfo.html?___store=default

Patterson’s webinar focused on these key points:

  • Hear the biggest benefits and risks from a fellow CFO and board member.
  • Better appreciate where your background adds value upon joining.
  • Learn the 10 biggest myths and misconceptions about the process.
  • Gain 100 hours of precious time.
  • Select from over a dozen strategic questions.
  • Exploit the board opportunity.
  • Surprises are career limiting.

 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 improvement.

 About Gary W. Patterson

Enabling growth through leverage you did not know you had, Gary W. Patterson, president & CEO of FiscalDoctor®, has been interviewed or presented internationally at over 100 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 most recent book Million Dollar Blind Spots: 20/20 Vision for Financial Growth provides best practices 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.

© 2014 Gary W. Patterson. All rights reserved.tel. #.  ###

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Learn How to Better Allocate Scarce Resources

New Growth Accelerator Available As Either Project or Workshop

 April 2, 2014 – Atlanta, GA – Gary Patterson, FiscalDoctor®, international profitable high growth expert and speaker, offers a new service to dramatically improve the ability of your organization to confidently accept new business.

The key for many companies ramping back into growth mode requires reallocating resources of time, people and money.  The hunkering down that got you through the downtimes will not get you back in growth mode. In fact, you need a springboard to catapult you into growing market opportunities.

 

Business Growth Roadmap
Business Maturity Diagnostic

 

Gary Patterson has that catapult.

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 improvement.

Call him for a free 15 minute consultation on your specific situation at 678-319-4739.

 

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Avoid these 5 Biggest Mistakes in Growing Your Business

Many business leaders focus diligently on their company’s small, visible details only to be blindsided by the monumental and far more impactful events they didn’t see coming caused by one or more of those 5 biggest mistakes.

How might each blind spot affect your business?

1.  Customer and product profitability   Example, my business does not accurately know who its 10 most profitable customers are.

2. Change   Example, 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   Example, my business occasionally capitalizes expenses that create assets with questionable recorded value.

4. Opportunity cost   Example, 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   Example, my business paints an overly optimistic picture of our company among customers, vendors, or financing sources.

File available as a download:

Avoid these 5 Biggest Mistakes in Growing Your Business

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