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The Owner’s Guide to Business Value
My goal with this guide is not to turn you into a valuation expert. It is to give you a practical understanding of how business value works, what drives it,…
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Financial Management
In my experience, poor financial management is what causes most underperforming small businesses to fail or not achieve their objectives. Often it is a lack of understanding of how basic business finance works that inhibits owners and leadership teams. You need to fully grasp what makes your economic engine work to make the right investments and calculate appropriate risks.
Featured Financial Management Posts
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Know Your Numbers: Building Financial Literacy in Yourself and Your Leadership Team
This guide focuses on the financial measures I believe business leaders should understand and regularly discuss with their leadership teams. I walk through how to gauge the financial health of…
Blog Post
The FOCUSED Model: Driving Your Small Business to Success
As a small business owner, achieving and maintaining success requires a clear strategy and a commitment to continuous…
Favorite Article
What are the roles and responsibilities of a CFO?
For years, the simple answer was that the CFO leads a company’s finance function. But the role has…
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CFO Roles and Responsibilities Defined
A chief financial officer (CFO) is the highest-ranking financial professional in an organization and is responsible for the…
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The CFO of the Future
It has been said that success is where preparation and opportunity meet. Never has there been a more…
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The Evolving Role of The CFO: A Function in Transition
Over the last few decades, the role of the CFO has undergone a profound shift. The historical tasks…
Blog Post
20 Financial Management Tips For Small Business Owners
Running a small business is as challenging as it is rewarding, especially when it comes to financial management.…
Blog Post
Unlocking Success Through Financial Transparency: A Guide for Business Leaders
The journey toward financial transparency is a transformative process that can redefine the way you do business. By…
Blog Post
Managing Your Business Risks Effectively
Not all risks are equal. Prioritize them based on their likelihood and potential impact on your business. Focus…
Blog Post
When You’re Not Sure What To Do: Strengthen Your Balance Sheet
In business, uncertainty is a given. But while we can't always predict or control external factors, we can…
Favorite Article
Why the path of global wealth and growth matters for strategy
Recent global turbulence raises a question: Is the world shifting to a new economic regime for the long run?…
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Financial Primer for Clients
Whether you’re just getting comfortable with your balance sheet or need a deeper understanding of ratios, cash flow,…
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Cost Cutting That Makes You Stronger
When so much in the world feels beyond our control, costs are to a large extent controllable. But…
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Investing in Growth Through Uncertainty
When faced with disruptions and downturns, many leaders and companies instinctively focus on cutting costs to maintain profitability.…
Blog Post
Financial Management Literacy Tips
Enhancing the financial literacy of your leadership team can yield substantial benefits for your small business, including enhanced decision-making,…
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Capital Is Expensive Again. Now What?
With interest rates rising in real terms, the value of growth strategies has declined. Managers need to look…
Favorite Article
Allocating Capital When Interest Rates Are High
During a decade of low interest rates and abundant capital, companies greenlit many projects that make less sense…
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Something’s coming: How US companies can build resilience, survive a downturn, and thrive in the next cycle
The US economy continues to throw off mixed signals. But one thing is becoming clear: executives should prepare…
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Into the storm: CFOs pivot to managing financial headwinds
With a potential economic slowdown looming, the latest results from our first McKinsey CFO Pulse survey1 show that CFOs…
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Preparing Your Company for the Next Recession
Leaders should build resilience, local agility, and portfolio agility to prepare for the next recession. The worst of…
Blog Post
Ten Things Business Leaders Need to Do in 2023
At times, it’s hard to know what to do as you pivot and adjust to every new business…
Favorite Article
Moving Upward in a Downturn
Downturns are a recurring fact of life in every industry. Sooner or later, demand for an industry’s products…
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7 Lessons on Dynamic Pricing (Courtesy of Bruce Springsteen)
Some fans were outraged when man-of-the-people Bruce Springsteen charged more than $5,000 per seat for his upcoming concert.…
Blog Post
Daily Leadership Thought #179 – Create Your Own Destiny
Courage still matters in business and in life. Many of us avoid the difficult decisions or talk ourselves…
Blog Post
Leadership Thought #400 – 25 Ways Leaders Get Themselves in Trouble
Business leadership isn't easy. If it were, everyone would be able to do it. Some talented people make…
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Rev up your growth engine: Lessons from through-cycle outperformers
Previous economic crises have shown us that companies’ paths to recovery are shaped by their industries, regions, and…
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Business Forecasts Are Reliably Wrong — Yet Still Valuable
Business forecasts are often wrong — and yet they can still be a powerful tool for savvy leaders…
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How to deal with price increases in this inflationary market
Merchants today are planning and buying for their categories amid one of the hardest inflationary environments industry has…
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CPI Inflation Calculator
CPI Inflation Calculator The Illusion of Numbers—Why a Dollar Is Never Just a Dollar Most business decisions are…
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EDUCBA
EDUCBA The Gap Between Learning and Doing—And Why It Still Exists Most people are not lacking education. They’re…
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How to Calculate the Impact and Probability of Business Risk
This risk management tool is a really easy way to visualize the impact of risk. You can use…
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