Fiscal Doctor

Dramatically Accelerate Correct Fiscal Leadership Decisions!

strategic planning

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5 Nonprofit Strategic & Financial Insights

Boardroom Insiders was generous to share an article in which he quoted me on 5 key issues.  See the attached PDF below for fuller comments.

  • Strategic planning frees you to shake up your menu of services, and make fresh decisions on how to allot limited resources.
  • Ask yourselves where the organization will be in 10 years.
  • Another problem facing the nonprofit world is weak understanding of the true costs of your resources.
  • How much time, effort and funding do you invest in new (under 3 years old) initiatives?
  • Is your nonprofit benchmarking against similar organizations?

Boardroom Insiders NEWS4-15

Also available at the Guidestar website is my earlier article “How Many 800-Pound Issues Is Your Board Finessing?” It discusses 20 topics fellow board of directors and CEOs of non-profits felt should be addressed in more detail so you find your million $ blindspot before it finds you. http://tinyurl.com/l2rf7we

balloon

How can you give a lift to your organization?

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Companies thrive only when customers are thriving

Kerri Salls of Exit This Way interviews Gary Patterson on a three part discussion about In this episode of Exit This Way, listen in as Kerri speaks with Gary Patterson of fiscaldoctor.com to discuss what are the simple questions that need to be asked that can help a company locate financial “blind spots?” How can these simple questions improve the health of a company to make it more attractive to sell when ready to sell?

Finding a Company’s Blind Spots

A company can thrive only when its customers are thriving.

But, what do you do when your most profitable customers are no longer profiting? What plans does your company have in place to adjust for that?

Links to the three parts are available below:

http://urbusinessnetwork.com/fiscal-doctor-inc-enterprise-risk-management-expert-and-speaker-gary-patterson-on-exit-this-way/

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What Is the Basic Purpose of Supply Chain Management?

Welcome, I’m Gary Patterson. Let’s talk about what is the basic element of supply chain management. Simplicity example I’ll say is everyone has got a Smart phone, you’d like it to work and you’d like it to keep working at least for the life of your Telecom contract. So the first thing we’ve got to do is that supply chain has to get the right materials at the right place at the right time so they can manufacture it so they can do a quality job at a price that lets them keep giving us a reasonable deal on the phone. Because when you don’t do this, the other issue is if the manufacturer and supplier doesn’t make enough profit to keep innovating, all of a sudden they start cutting corners and our phone doesn’t work as well. Apply this phone issue to any issue whatever you make or manufacture, you want their supply chain to do the proper job, get the right people in place, the right time, the right materials and do a good job of maintaining service. When that happens, everyone is happy and our Smart phones work and we like the next new Smart phone that comes out. Thank you.

http://smallbusiness.chron.com/basic-purpose-supply-chain-management-78098.html

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Atlanta Leaders, Innovators, CEOs – Financial Growth for Small Business

Find The Million Dollar Blind Spot Before it Finds You

Atlanta Leaders, Innovators, CEOs – Financial Growth for Small Business
Atlanta Leaders, Innovators, CEOs – Financial Growth for Small Business
Find The Million Dollar Blind Spot Before it Finds You

January 2, 2015 –Atlanta, Georgia – The Commerce Club Conglomerate is featuring growth expert and speaker Gary W. Patterson to present “Financial Growth for Small Business” on January 14, 2015 for innovators, CEOs, trailblazers, start-ups, entrepreneurs, up-and-comers and more. http://www.clubcorp.com/Clubs/Commerce-Club-Atlanta/Calendar/(event_id)/666781

Attendees can expect to learn how to:

  • Grow top line revenues and keep more bottom line dollars;
  • Explore 5 of the most common million dollar blind spots; and
  • Take away 5 detail actions to better manage their growth process.

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.

About Commerce Club Conglomerate (CCC)

The Commerce Club, also commonly known as the 191 Club Atlanta. Located at one of the most prestigious, well-known addresses in downtown Atlanta – 191 Peachtree St. in the incredible One Ninety One Peachtree Tower – our purpose at Club 191 Atlanta is to develop the leaders of today and tomorrow for the city of Atlanta. Reconnect to your business with our efficient, time-saving, superior-quality networking and business advantages; or sit back, relax and share an exquisite fine-dining experience with friends, colleagues, or someone special – all while taking in breathtaking city views from the top of “The Tower of Power”!. http://www.clubcorp.com/Clubs/Commerce-Club-Atlanta/Our-Story

About Gary W Patterson.

FiscalDoctor Inc. works with leaders to uncover million dollar holes to make the best business decisions and dramatically accelerate correct fiscal leadership decisions. This helps leaders gain control of their financial destinies and capitalize on hidden high return opportunities, while limiting their exposure to risk.

  • Key member of 2 successful INC 500 international companies growing rapidly profitably
  • Recently honored as a published thought leader by the Financial Time’s ExecSense service
  • Goldman Sachs – 10,000 Small Business growth initiative Virtual National VBA

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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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