Information For Business Owners
Sep 12, 2008
I have several presentations with groups of Entrepreneurs on topics relevant to their success. I have included an outline of one such presentation entitled " What should an Entrepreneur Expect From Their Financial System"
I am certain that any of the B2BCFO would be willing to discuss this topic with you.
- Measurements of Short Term Success
- Key Drivers of Success
- Review Daily or Weekly
- Profitability
- Accrual vs. Cash Basis
- Trend Analysis
- Review Monthly
- Tax Planning
- Review Quarterly
- Cash Flow
- Most Important
- True Key to success
- Understand Drivers to Cash Flow
- Roles of Accounting Personnel
- Bookkeeper
- Records Information
- Does not understand meaning of Information
- Controller
- Records and reviews information
- Understands how information knits together
- Chief Financial Officer
- Business Person
- Understands Information and how it drives the business
- Is Strategic in Nature
- Short Term Information
- 6 key drivers of success
- Balance Sheet
- AR Turnover (DSO)
- AP Turnover (DPP)
- Inventory Turnover (DIOH)
- Working Capital Days (WCD)
- Strategic Information
- Forecast
- Budgets
- How to utilize the Accounting Personnel
- Spend 10 minutes per week with your trusted accounting advisor
- Spend 1 hour per month with your trusted accounting advisor
- Spend 4 hours per quarter with your trusted accounting advisor and CPA
- Tax Issues
- Strategic Planning
- Numbers
- Story
- What behavior do you want to improve and how to measure
- It will be time well spent




