Blog - business growth

Browse Categories
CFO

Ready to Franchise?

Is it the Right Time to Franchise a Business?

When a business owner wants to expand his business concept across a region or the country, franchising can be an attractive option. According to the International Trade Association’s 2016 Franchising Top Markets Report, franchising was projected to generate $944 billion in financial growth for the nation’s economy, expanding more than 3 percent in 2016. The same report also expected the franchise business model to create an additional 278,000 jobs in 2016. With the potential for franchising to create greater value for business owners, is franchising right for your company?

Read more

roles, cfo

CFOs Growing Strategic Roles in Business

Roles can be misleading. More often than not, they are nothing more than a word that organizes where certain people sit in an office. Take for instance, the role of a CFO. Many consider the CFO as the most glorified accountant of a company, the firm’s money manager, but in reality, they are the secret to a company’s success. Bruce Besanko, the CFO of OfficeMax points this out when he stated that “as CFO, I’m in a unique position within the organization, at the absolute center of the universe. The only other executive besides me that has that same presence at the center is the CEO.”1  

Of course a CFOs traditional role, namely, overseeing taxes, budgeting, accounting, financial planning, and analysis, is critical to the success of any company. When businesses fail to manage these areas they end up failing in general. However, the CFO’s role is evolving into a more robust position that is critical to every facet of a business. Read more

business growth, cfo Growth, business,

Growing Your Business on a Financially Sound Foundation

By Mitch Owens, blog writer at TOP CFOS

Of all the ways to gauge a business’s success, growth rate is perhaps the most useful. It not only validates a firm’s value proposition, but it also spells out opportunity. Increased cash from operations and investor interests enable growing businesses to maintain a competitive advantage while expanding their horizons. Everybody loves growth. However, too much growth can hurt businesses. By paying close attention to your financials, though segment and ration analysis, you will know how right rate to grow. Read more

cfo

Cash Flow Management and the Growth Conundrum

It seems intuitive. Increased revenue means increased profits, right? Of course this may be true in the simplest of cases but it’s typically wrong. The fact of the matter is that increased growth means increased complexity, and with this increased complexity there is a need for stringent cash flow management. Read more

CFO

Time to Dismiss the Rivalry Between Sales and Finance

The rivalry between firms’ sales and financial departments is real. Rather than seeing each department as a player with a different position in the same team, erroneous perceptions lead many to view them as opposing teams in the same sport. However, if a firm wants to achieve competitive advantage, it must understand the critical roles finance and sales play for each other. Read more

CFO

The Value of Meaningful Business Networking

The path to success isn’t always a straight line. We’re all familiar with this when we drive on roads away from our intended destination but towards the highway that ultimately leads us there. Despite this familiarity with our physical travels, many tend to seek straight paths towards their business goals, especially those involving business networking.

In search for the straight path to success, business professionals tend invest the much of their efforts in developing new skill sets and enhancing their knowledge. This is important to do, but taking this approach without investing the time and effort in building meaningful business connections is an unrealistically straight path to success. Effective business connections give you resources that the greatest skill sets do not. Read more

cfo

CFO-The Hidden Secret to Success

Whenever people think of successful companies, their initial thoughts typical go to the businesses offering then they move onto the leadership of the CEO. Great CEOs like Steve Jobs and Mark Zuckerberg are, or course, invaluable keys to success, but that doesn’t mean we should ever overlook the second most important role—The CFO.

CFO’s do the behind the scenes heavy lifting that sustains businesses and moves them from being good to being great. Here’s an account from one our CFOs that shows this priceless value of good financial oversight. Read more