This supply chain publication let me share this brief article with tips on how to improve your ability to meet your goals for the year.
http://www.inddist.com/blogs/2014/05/accelerate-your-prosperous-year-addressing-blind-spots-now
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.
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.
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
Other notes
Best Practices for Establishing 2014 Goals for Your Management Team
ExecSense, Selects ERM/ORM Expert Gary W. Patterson to Lead Discussion
San Francisco, CA and Atlanta, GA – Gary Patterson, FiscalDoctor®, international enterprise risk management (ERM) and operations risk management (ORM) expert and speaker, was selected by the speaker board of ExecSense to lead a webinar titled “Best Practices for Establishing 2014 Goals for Your Management Team.” The webinar is now available at http://www.execsense.com/best-practices-for-establishing-2014-goals-for-your-management-team-cfo.html
Patterson’s webinar focused on the need to Drive responsibility through your management team, grow top line revenues and reduce risks and these key points:
- Easiest pulse to evaluate organization is the 6 days for complete Board package.
- Need to be flexible on both upside and downside over the next few years to control your financial destiny by taking advantage of opportunities while limiting risks.
- 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
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. #. ###
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.
Costs of Financial Decisions
With Gary W Patterson FiscalDoctor: Improved Financing, Less Risk & Profitable Growth
December 19, 2013 – 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 Costs of Financial Decisions. This series is available at http://smallbusiness.chron.com/costs-financial-decisions-76723.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.
How to Negotiate a Leveraged Buyout http://smallbusiness.chron.com/negotiate-leveraged-buyout-76724.html
What Is a Corporate Buyout? http://smallbusiness.chron.com/corporate-buyout-76726.html
Who Does the Feedback Go to in a 360 Assessment for a Nonprofit Organization http://smallbusiness.chron.com/feedback-360-assessment-nonprofit-organization-76729.html
What Is a Price Ceiling in Economics? http://smallbusiness.chron.com/price-ceiling-economics-76725.html
Determining the Costs to Be Capitalized for the Acquisition of Assets http://smallbusiness.chron.com/determining-costs-capitalized-acquisition-assets-76731.htm
Explanation of the Difference Between a Price Floor & a Price Ceiling http://smallbusiness.chron.com/explanation-difference-between-price-floor-price-ceiling-76728.html
Explain the Term “Supply Chain” & Its Importance to Cost Management http://smallbusiness.chron.com/explain-term-supply-chain-its-importance-cost-management-76727.html
Carbon Audits & Transportation Companies http://smallbusiness.chron.com/carbon-audits-transportation-companies-76730.html