Author Larry

Before Hiring Your First Financial/Accounting Manager

If you are the founder/owner/CEO of a growing company that is thinking about or in the process of a hiring a full time Controller or Director of Finance (or know someone who is), read on. I have seen several companies hire a full-time Controller or Director of Finance as their first managerial accounting and finance

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Top line growth is great, but don’t forget your bottom line.

Top line growth is great, but don’t forget your bottom line. Whether your company has been around for years or decades or if you’re a start up with revenue, you probably want to grow your business. For many entrepreneurial CEOs, growing their business is first and foremost about increasing revenue, but is growing your top

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What’s the best way to increase your profitability?

What’s the best way to increase your profitability? Almost every business owner I know wants their business to make more money. It can allow them to reinvest, expand their product offerings and increase future sales or it can allow them to put more money in their own pockets. Further, more profitability and greater cash flow

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You’ve Completed Your Budget. Now What?

You’ve Completed Your Budget. Now What? Companies big and small develop an annual budget and spend a lot of management time discussing, creating and finalizing it. Much of that time and effort is wasted if you don’t spend even more time working to execute the plan in the budget and hit your financial goals. Here

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Your Balance Sheet, How It Can Help You

Your Balance Sheet, How It Can Help You Whether you keep your books on a cash or accrual basis, don’t forget to pay attention to your balance sheet. While your income statement (or Profit & Loss or P&L) tells you how your business is performing, failure to look at your balance sheet at the same

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Zero-Based Budgeting, What is it?

Zero-Based Budgeting, What is it? What is Zero-Based Budgeting? While the answer is simple, the execution is hard. Zero-Based-Budgeting means you start with a completely blank slate. No dollar amounts or other numbers for revenues or expenses. You literally start with zero. Why would a company create a Zero-Based Budget? By starting with zero, you

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