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.
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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. ###