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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

CFO

The Business Risks You Need to Keep an Eye On

By Mitch Owens

In today’s world, managing risk should be a firm’s top priority. CEOs and business owners have many different types of risk to manage. Business risks can be classified by internal risks (risks arising from the events taking place within the organization) and external risks (risks arising from the events taking place outside the organization). Since time and space won’t allow us to explore these issues in depth, we’re going to identify just a few risks that companies need to manage.

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small business woman under large man

When Bigger Isn’t Actually Better

by Mckenna Clarke, blog writer at TOP CFOS
What can a small service provider give you that a big one can’t? 

Companies with less than 20 workers make up 89.6 percent of American business. Many people automatically choose big, corporate service providers over small, local providers. And from all appearances, that seems to be a good idea. Corporate providers have experience, many resources, and hundreds of employees. It may seem like all of these factors add up to mean great services, but what can small business offer that large ones can’t? Read more

How to motivate your employees with great CFO services

Motivating Employees Isn’t as Hard as You Think

By Mckenna Clarke, blog writer at TOP CFOS

Former president Dwight Eisenhower said, “Motivation is the art of getting people to do what you want them to do because they want to do it.” Motivating employees is a delicate art. You don’t want to come off pushy, or bribe-y, or just too much. 

Here are some ways to motivate employees without being any of those things:

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man and woman keeping promises by shaking hands to seal the deal

The Power of Keeping Promises

By Mckenna Clarke, blog writer at TOP CFOS

Businesses who keep promises will gain a loyal following of customers for life. But so many business owners these days can’t seem to follow through on their promises. Although keeping promises is one of the most difficult parts of being a business owner, doing what you say you will/can lead to the success of your business.

Here are some tips to become a powerful promise keeper.

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CFO services in Provo UT help this woman battle burnout

8 Things You Can Do to Battle Burnout

By Mckenna Clarke, blog writer at TOP CFOS

Stress is an expected part of the workplace, but extreme pressures can lead to burnout. Burnout symptoms include distancing oneself from work, exhaustion, feelings of lack of achievement, and extreme negativity. These symptoms, in turn, have been shown to lead to an increase in negative health problems like hypertension, sleep disturbance, and depression. 

Last November, the Harvard Business Review writer Monique Valcour came out with an article outlining the risks of burnout and how to prevent it. In short, she says, while we may not be able to control our environment, it’s our reaction the stresses that determines our health and happiness.  Read more

cfo

Does Micromanagement Have a Place in the Office?

By Mckenna Clarke, blog writer at TOP CFOS

In general, people tend to associate micromanagement with a negative workplace environment. While this can be true, a recent study shows that there may be benefits to micromanaging in certain situations.

I recently read this article and it got me thinking: Is there a place for micromanagement in the workplace? Read more

CFO

5 Benefits of Teamwork in the Workplace

By Mckenna Gustafson, blog writer at TOP CFOS
Teamwork.

We each have different associations of what teamwork means to us. For some, it may be flashbacks to lessons taught by a coach on the little-league soccer team. For others it may be an image of people shaking hands. And some may think of those team-building games we all did in middle school. Regardless of our initial associations with teamwork, it is clear that teamwork is required in every stage of life.

So how can teamwork benefit the culture and success of the workplace?

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Delegation, CFO

Delegation

By Tyler Garrett, executive assistant to Randy Russon, founder of TOP CFOS

In DK Essential Managers: How to Delegate, Robert Heller teaches us,

“Delegation is empowerment, and that is the mainspring of better work.”

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Organization, CFO

Organization

By Tyler Garrett, executive assistant to Randy Russon, founder of TOP CFOS

Merriam-Webster defines organized as “having a formal organization to coordinate and carry out activities.” At TOP CFOS, we cherish organization. So many benefits come from being organized: you get twice as much done, you feel in control, and your life is more at peace.

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