Category Archives for Blog
3 Important Lines Missing in Almost Every Capital Budget
When it comes to capital budgeting, the stakes couldn’t be higher. Capital budgeting is a management process used to make decisions about long term investments. The dollar values are high. The consumption of organizational resources is large. The implications of the investment drive corporate strategy for years to come. These aren’t the sort of decision […]
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Psst. Your Technical Alone Will Not Get You To The Corner Office
At Executive Finance, we’ve worked with dozens of companies and thousands of financial professionals, many of who aspire to executive ranks. Much of what is missing is the refining competencies great executives possess, such as credible leadership, resiliency, confidence, communication, connection, and of course, a strong personal brand. Jen and I had a discussion about […]
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5 Secret Pieces of Advice Management Can Provide to Auditors
We are often struck by the difference in perspective between how management and the Board of Directors view the value of an audit as compared to how the auditor’s see it.Often, the two sides are worlds apart. The audit report is a standard form letter that auditors provide to express their opinion on a set […]
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3 Myths of Achieving the Fast Close
How long does it take your finance department to close the monthly books? Is the financial information produced timely enough for the management team to react? Closing the books drives much of the monthly activity in many accounting departments. There are accruals to make, bills to send, reconciliations to perform, adjustments to post and the […]
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3 Exit Strategies for Every Entrepreneur
Every entrepreneur dreams of making it big someday. Creating businesses with enduring value and profitable returns. But when it comes to cashing in, how exactly does that happen. Here are some well known, lesser known, and rarely considered options. 1. Well known: sell your company Build a strong company and then sell it. That’s the […]
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3 Things You Should Never Do On Your First Day as CFO
Congratulations! You made it! You’ve just been appointed chief financial officer (CFO). You are the right-hand-man of the CEO and a trusted advisor to your fellow executives and the board of directors. So don’t screw up! Let’s talk about a few things you might do that could shoot yourself in the foot if you act […]
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The 3 Forgotten Practices of Mastering Capital Allocation
Do you ever wonder what Warren Buffet does with his days? How did he become the most successful CEO in the history of the corporate world? Yet at the same time, he has little involvement in the day-to-day operations of any one of his dozens of companies under the Berkshire Hathaway umbrella of companies. The […]
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3 Must-have Skills of the Modern CFO
Newsflash! The role of the modern chief financial officer (CFO) is changing. The role is evolving from one of leader of the back office toward one of strategic advisor to the organization. This evolution doesn’t diminish the importance of establishing and maintaining credible financial reporting. Instead, this evolution is in addition to this responsibility and […]
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4 Leadership Roles of Every Successful Board of Directors
Are you an executive reporting to a board of directors? How do you perceive this body of people? Are they helping or hurting you in achieving the objectives you have set for the organization? Or are you a director? How do you evaluate the performance of the executive team you have appointed to manage the […]
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3 Ridiculously Good Ideas to Get More Out of Your SWOT Analysis
The SWOT Analysis (strengths, weaknesses, opportunities, and threats) is a strategic and business planning tool that resides in just about every PowerPoint deck created for such purposes. But have you ever been left with that feeling that something is missing? Has the SWOT Analysis uncovered a strategic insight or helped your executive team formulate strategy? […]
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