The Future is Female
In today’s world, we are inundated with advertising on the benefit – the necessity – of staying “young,” whatever that means. We are also treated to story after story of the power of the patriarchy, whether the story in question approves or deplores that power. But what if both those ideas are missing the reality […]
Dashboards – How Can They Help You Run Your Business?
As promised last week, this week’s topic is management dashboards. A management dashboard is a tool designed and tailored for a business to merge data from different sources into a single tool, allowing management to look at complex pieces of data on a single screen, and possibly revealing patterns. Often, the dashboard will present visual […]
The Third Biggest Reason to Hire a Virtual CFO
As we have discussed, entrepreneurs wear many hats and are very busy. One result is that sometimes entrepreneurs don’t take the time to prepare a financial forecast for their business. Entrepreneurs may think this isn’t necessary – after all, they will see actual operational results in the monthly financial statements. At RFG, we believe every […]
The Second Biggest Issue We See With Not Having a Virtual CFO – And How To Overcome It!
At RFG, we have worked in-depth with a wide variety of closely-held business owners. One thing they almost all have in common is that at times they become overwhelmed by their many and differing responsibilities. That is natural, I think – running a business is hard work! One result of feeling overwhelmed can be that, […]
The Biggest Issue With Not Having a Virtual CFO
Many businesses with less than $100 million in annual revenues do not have a dedicated CFO; many times business owners find themselves wearing that hat. What’s wrong with that? – you might ask. Surely the entrepreneur him- or herself has the most time and money invested in the business. He or she has the deepest […]
The Power of Having a Virtual CFO
Entrepreneurial closely-held business owners must wear many hats in their day-to-day working life. More often than not, “experienced CFO” is not one of the best fitting hats. If you are acting as your own CFO, you might consider outsourcing that function to a virtual CFO – to someone who will listen and help you: • […]
9 TO 5
The 8-hour workday is near obsolete, in this era of 24/7 connectivity. It’s worth remembering why it was invented and standardized in the first place. The U.S. government started tracking workers’ hours in 1890 – and discovered that the average full-time manufacturing employee was working 100 hours per week. This revelation triggered the movement for […]
Keeping Up With the Joneses
The above photo shows the now-ruined 24-room Victorian-era mansion built by Elizabeth Schermerhorn Jones in upstate New York’s Hudson Valley which is believed to have inspired the phrase “keeping up with the Joneses.” By the mid-20th century, keeping up with the Joneses meant more than just a bigger and better house. Once considered wasted space, […]
Use Your Best Judgement
The larger an entity gets – whether it is a privately held firm, a multi-national corporation, a charity, or a governmental agency – the greater the number of rules and procedures its employees are subject to and, in many cases, they must document that they follow these rules and procedures. Why is this? Seth Godin […]