Click on the underlined link below for a PowerPoint summary of the M&A process from beginning to end showing steps to be taken through closing activities.
Time for A Risk Check-Up – Guest Contribution
Robert Baker shared the March/ April 2014 article he and Patrick R Dailey Wrote for the Corporate Board. Consider how their strategic presentation can help uncover liabilities that lie ahead for your company.
Here’s How You Can Move Your Bottom Line From Just OK To Great!
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.
Risk Culture Panel: Reduce Risk; Raise ROI; Involve the CEO
Raise ROI on Strategic Planning, Business Continuity & Internal Audit – Online Symposium 2013
December 4, 2013 – Dubai and Atlanta, GA – Gary W. Patterson, FiscalDoctor® and enterprise risk management (ERM) and operations risk management (ORM) expert and speaker, was selected by SISCUSSto be part of a panel discussing Risk Culture as part of their Global Enterprise Risk Management – Online Symposium 2013.
The panel discussion will include:
1. How would you define Risk Culture?
2. Do you think Risk Practitioners are putting enough focus on people risks and risk culture?
3. If you could give advice on one thing to do, what would it be?
4. Do you think Board/ Executive education in risk culture is needed?
5. What are you doing to promote a better understanding of Risk Culture?
Major areas of the symposium include:
Board Expectations, Opportunities, Challenges and Strategic Planning
Internal Audit, Governance, Compliance and Regulatory Requirements
Black Swan Events, Crisis Management and Disaster Recovery
This value-added take on risk management that helps executives not only unearth key risk areas, but in the process, identify formerly invisible opportunities leading to growth and profitability.
About Global Enterprise Risk Management – Online Symposium 2013
The theme is Integrating ERM into Strategic Planning, Business Continuity Planning & Internal Audit Functions. SISCUSS offers the most flexible, cost effective and powerful methodology for continuing education, through our collaborative learning environment, which can be conveniently accessed from anywhere in the world, at any time of the day. What you need is a computer, tablet or mobile device with an internet connection, and a desire to learn. For more information, go to http://www.erm.siscuss.com/.
About Gary W. Patterson
Gary W. Patterson, president & CEO of FiscalDoctor®, has worked with over 200 companies spanning supply chain, technology, transportation, construction, and service industries and been interviewed or presented internationally at over 80 of the leading and most prestigious publications and groups in the world.
His 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/.
© 2013 Gary W. Patterson All rights reserved.
Business Continuity Management Programs (BPM) and ERM
The Siscuss ERM conference I am a keynoter at just raised a question you may find insightful. How can you have a business continuity management program (BPM) without knowing your current state and the inherent underlying major risks (Million Dollar Blind Spots) from an enterprise risk management (ERM) perspective?
http://www.risk2013.siscuss.com/
Had not thought about the need for a risk assessment as the foundation for an effective value creating BPM program.
Various Functions of Supply Chain Management
Supply chain management has a variety of different functions, including keeping track of certain types of materials. Find out about the various functions of supply chain management with help from the fiscal doctor in this free video clip.
http://smallbusiness.chron.com/various-functions-supply-chain-management-73500.html