The F in CFO doesn’t have to mean Friction. A common challenge we discuss in our community is sound financial management. Without profitability, your organization won’t thrive. As Verne Harnish says, “Revenue is vanity, profit is sanity, and cash is king.” Most entrepreneurs don’t come up in finance, so it has to be learned. Many …
“Revenue is vanity, profit is sanity, and cash flow is king.” Verne Harnish I had a conversation last week where an owner was lamenting his relationship with his bank. The bank just “didn’t get it.” They were always hassling him and asking him for reports that he didn’t think showed the true financial health of …
5 Levers of Business Finance you Need to Know Better Than Your Banker Read More »
We painted every room in our house when we first moved in. It needed it. The colors were wrong, and it just felt old. The before and after was like those house fixer-upper shows. It was like a new house and welcoming to our family. Many cultures are painted. Paint looks nice and makes you …
How to Grasp if Your Culture is Painted or Stained? Read More »
TO OWNERS WHO WANT TO OFFER EQUITY: OWNER BEWARE! We had yet another discussion in a monthly Acumen team regarding a strained partnership. It was a classic case of miscommunication, false expectation, finger-pointing, lack of communication, clarity, and uneven value working in the business. Equity ownership shouldn’t be taken lightly. My business partner (notice the …
To Owners Who Want to Offer Equity: Owner Beware! Read More »