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The Power of Financial Modeling

 

Here is a brief video of our founder at TOP CFOS explaining the power behind financial modeling. Many people have no idea what can come from financial models only until they see the value behind it all. Check it out!

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CFO

How will the Tax Reform Change Your Tax Strategy?

Experts are predicting that the recent tax reform will create an abundance of new business growth and activity – just not the kind that lawmakers originally intended. These people are predicting a surge in efforts for reclassification and the organization of cover companies by employees so they can have their salaries recognized as business income, significantly lowering their tax burden as a result. Read more

Finance Innovation, CFO

CFOS and Critical Innovation

Innovation, creativity, and thinking outside of the box are buzzwords in the business world. There’s good reason for it because the smallest difference in a product or service can drive exponential profits. Innovation and creativity may be the center of the talk, but these words merely orbit around the power of an idea. After all, an idea sparks innovation, creativity, and outside thinking into action.   Read more

Success, cfo

Reasons You Need a CFO to Succeed

Every company spends hundreds to thousands of working hours a month strategizing ways to make it to the top. Although there is no single secret to doing this, there is a single way of stopping your company from reaching the pinnacle of success: not having a CFO.   Read more

financial procrastination, cfo

The Price of Financial Procrastination

by Mitch Owens, Marketing Executive at TOP CFOS

If we were to make a list of the most common human characteristics, good or bad, procrastination would most certainly be in it. Whether it’s getting around to perfecting your your jump shot, sending a thank you note to a friend, or finishing up that report at work, it’s safe to say that you and I have both been guilty of putting something off. 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