Mindful Business Musings

This blog is a first for me. In the past, I’ve given advice about particular subjects. Today, I only have an observation. I hope that others will have similar thoughts and will start a discussion. To an outsider, my observation may seem trivial. My years of experience watching and helping companies...

Read more about Why Is Accounting Always Last?

Hiring a CPA for your business is not enough. You need to hire the right CPAs. That’s right. I said it in plural. Having passed the CPA exam, worked in public accounting and helped countless businesses, I can say with certainty that it usually takes at least two CPA’s to satisfy your business’s...

Read more about Multiple CPAs Needed to Run Your Business

As I fly to Las Vegas for a conference, I look out the window from 30,000 feet and see the land laid out before me. Topography not easily seen from ground level is made clear at altitude. Areas that were once vast inland seas are made obvious. I can understand why a river is dammed at a particular point...

Read more about Business Dashboard: A Profitable Change in Perspective

Cash is king for all businesses. Entrepreneurs are sometimes shocked to learn that it’s possible to earn a profit, but not have any cash. The effect is to stunt their growth. Others face chronic cash shortages that cause their business to limp along. Here are 5 lessons that will help you avoid...

Read more about 5 Lessons to Increase Cash Flow

Hiring a business financial manager is never an easy task. Two weeks ago I laid out the 10 most important questions to ask when hiring an outsourced CFO. Last week, I began to discuss each question in detail you can gain a better understanding of their significance. Most importantly, you will learn what...

Read more about 10 Questions To Ask When Hiring An Outsourced CFO – Part 3

In my last blog, I laid out 10 interview questions guaranteed to help you hire the right outsourced CFO / financial manager for your business. The questions are purposely non-traditional. They’re designed to give you a deeper understanding of your candidates’ business management skills, problem...

Read more about 10 Questions To Ask When Hiring An Outsourced CFO – Part 2

Hiring the right person is always a difficult proposition. Hiring someone as key to your success as an outsourced CFO is even more difficult. You want more than a bean counter. You want someone who understands the big picture and can implement the day-to-day within that framework. You want someone who...

Read more about 10 Questions To Ask When Hiring An Outsourced CFO

Have you fallen victim to the myth about accountants? Accountants are supposed to be the ones who can solve all your financial issues. Collectively that may be true, but individually no so. Just like doctors, attorneys and engineers, accountants have specialties. If you blew out your knee, would you...

Read more about Don’t Fall Victim To The Myth That All Accountants Are Alike

Most people misuse QuickBooks and don’t even know it. QuickBooks is a great accounting program for small businesses. QuickBooks got to be the country’s most popular accounting software because of its ease of use and its great reporting capabilities. That ease of use, however, causes businesses...

Read more about Are You Misusing QuickBooks?

Many business owners think that by hiring a bookkeeper they are covered when it comes to accounting and financial management. This is a MYTH. An experience with a new client illustrates this point. The client called me because he felt he didn’t have control over his business. He didn’t know...

Read more about Even A Good Bookkeeper Is Not Enough