Fiscal Doctor

Dramatically Accelerate Correct Fiscal Leadership Decisions!

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What Is an Accrued Expense?

Accrued expenses can include accrued salary, among others, depending on the nature of your business. Find out about accrued expenses with help from an experienced business professional in this free video clip.

http://smallbusiness.chron.com/accrued-expense-76122.html

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Here’s How You Can Move Your Bottom Line From Just OK To Great!

Million_Dollar_Blind_spot_ for press releases

Uncover Million $ Blind Spots to Assure Million $ Profits

January 8, 2014 – Atlanta, GA – Gary Patterson, FiscalDoctor® and enterprise risk management (ERM) and operations risk management (ORM) expert and speaker, suggests how you can move your bottom line from just OK to Great!

Part of the beauty of this process is the low cost to get started. You can complete this process with minimal if any capital expenditure requirements.  Here’s how it plays out…  During my discussion with client BK, I replied, “It sounds like your business operating results and supporting systems are OK, but not as good as they would be if you made some basic changes.”

How familiar does this sound?  Let’s talk about where you are now, what organizational bliss would mean to you, and how to get there. You know where you want to be this year, and may have a specific vision of your 3 and 5 year goals.

What I suggested to BK, and possibly suggest to you, is:

1.  First, look at which parts of your organization can build on strengths or accelerate opportunities underway.

2.  Second, decide which of those areas would benefit from a fiscal health checkup. Examples to review could include financial statements, operating reports, unit level reports, cash flow projections, budgets, strategic plans, and long term financial planning.

3.  Third, pick at least one area in the second step and get started.

Now, consider targeting a 1% improvement in your gross margin for any acceleration or improvements undertaken.

It’s important to note that most of you would accept moving from “OK” (pretty unhappy place to be for most leaders) to “at least good enough.” But, you can do even better and be surprised when you invest a little time off-site with these questions in order to spotlight at least one action to take with a potentially lucrative ROI.

Call to clarify any of these points, or help you get started moving your bottom line from just OK to Great!

About Gary W. Patterson

Gary W. Patterson, president & CEO of FiscalDoctor®, has been interviewed or presented internationally at more than 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, high tech, transportation, construction, and service industries.

His Million Dollar Blind Spots: 20/20 Vision for Financial Growth book provides cutting edge follow-up to the theme of blind spots: how to identify them, exploit opportunities and mitigate risk related to million dollar blind spots. This builds upon his earlier book Stick Out Your Balance Sheet and Cough: Best Practices for Long-Term Business Health. Visit his website at https://fiscaldoctor.com and “free” fiscal fitness test at https://fiscaldoctor.com/fiscal-quiz. Mr. Patterson can also be reached directly at +1(678)319-4739.

© 2014 Gary W. Patterson  All rights reserved.

 

 

 

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Uncovering Million Dollar Blind Spots to Assure Million Dollar Profits©

Fiscal Management Videos: Improve Financing, Risk & Profitable Growth                                

December 27, 2013 – Houston, TX and Atlanta, GA – Gary Patterson, FiscalDoctor®, expert on profitable growth rapidly, becoming more bankable and staying bankable, was selected by Chron to lead a present a series of videos on Fiscal Management. This series is available at  http://smallbusiness.chron.com/fiscal-management-78092.html

 Do you know how even great leaders with a great company face the challenge of not meeting their dreams? Well what Gary Patterson helps leaders do is to help them reach their dreams with improved financing, less risk, and profitable growth.

Long-Range Strategic Plans for Nonprofits http://smallbusiness.chron.com/longrange-strategic-plans-nonprofits-78094.html

 Cost Effective Procedures in Supply Chain Management http://smallbusiness.chron.com/cost-effective-procedures-supply-chain-management-78100.html

How to Manage the Global Business Plan      http://smallbusiness.chron.com/manage-global-business-plan-78095.html

The Effects of Accounts Payable Terms on Cash Conversion Cycles & the Cost of Goods                                                                          http://smallbusiness.chron.com/effects-accounts-payable-terms-cash-conversion-cycles-cost-goods-78099.html

 What Is the Basic Purpose of Supply Chain Management? http://smallbusiness.chron.com/basic-purpose-supply-chain-management-78098.html

 Accounting for Construction Contracts Under the Percentage of Completion Method http://smallbusiness.chron.com/accounting-construction-contracts-under-percentage-completion-method-78097.html

 How to Identify a Top Priority                        http://smallbusiness.chron.com/identify-top-priority-78093.html

 Impact on Internal Controls of a Business by Sarbanes Oxley Act http://smallbusiness.chron.com/impact-internal-controls-business-sarbanes-oxley-act-78096.html

About Gary W. Patterson

Gary W. Patterson, president & CEO of FiscalDoctor®, has worked internationally with over 200 companies spanning supply chain, technology, transportation, construction, and service industries and been interviewed or presented internationally at over 100 of the leading and most prestigious publications and groups in the world.

 His 4 books include “Million Dollar Blind Spots: 20/20 Vision for Financial Growth” and “Find Your Million Dollar Blind Spots: 7 Thing You Need to Know.” For more information, visit http://www.fiscaldoctor.com and his “free” fiscal fitness test at https://fiscaldoctor.com/fiscal-quiz.

 © Gary W. Patterson  All rights reserved.