Tags >> Articles
Aug 28
2010

Why CFO's love BPM

Posted by: Jim Ethell in Articles

Here's a very good blog entry on the benefits that can be derived from business process management.  It really fits with most business.

http://blog.bplogix.com/2010/05/why-cfos-love-bpm.html

Aug 26
2010

B2B CFO Named in Prestigious INC. 5000 List

Posted by: Mark R. Johnson in Articles


B2B CFO NAMED IN PRESTIGIOUS INC. 5000 LIST

184% Growth Earns B2B CFO Spot in the 2010 List of Fastest Growing Companies in America

 

Phoenix, Ariz. August 24, 2010 —  B2B CFO, nation’s largest provider of CFO services to small businesses, has been named to the prestigious Inc. 5000 list of fastest growing companies in America.

 

Now in its 29th year, Inc. Magazine’s annual ranking judges US-based and privately held companies by their revenue growth.  This year’s list was ranked on the percentage in revenue increase from 2006-2009. B2B CFO’s growth earned 84th place in its industry.

 

 "There are approximately 27 million small businesses in the U.S. today,” said Jerry L. Mills, founder and chief executive officer of B2B CFO, “It is a huge honor to be among the fastest growing and the most successful businesses in the country.  Our firm has experienced tremendous growth over the past few years and we are on track to continue expanding.  I am especially grateful to all of the firm’s dedicated Partners who continue to advocate our services around the nation.”

 

In a personalized letter congratulating B2B CFO on this accomplishment, Jane Berenston, editor-in-chief of Inc. Magazine’s wrote “Congratulations: your company, B2B CFO, has made the 2010 list of the fastest growing private companies in America. This achievement puts you in rarefied company, especially if you consider that over 27 million businesses are registered in the USA.  The elite group you’ve now joined has, over the years, included companies such as Microsoft, Timberland, Visa, Intuit, Jamba Juice, Oracle, and Zappos.com. I look forward to congratulating you in person in Washington, D.C.”  

 

B2B CFO’s growth is reflected in numerous awards this year.  The company was also recently named in ACE Corporate Growth Awards, which recognized the most successful and fastest growing companies in Arizona.  

In August 2010, B2B CFO has grown to 170 Partners across 39 states, representing 5,000 years of cumulative experience.  Each Partner is a seasoned financial executive who serves as CFO to growing businesses on as-needed basis.   Approximately 80% of the Partners have a background that includes senior executive positions at the Big Four, and all of the Partners have held high level executive finance positions in various industries in corporate America. Together, B2B CFO Partners work with more than 500 businesses in the nation with combined annual sales of more than $3 Billion.

 

Jerry L. Mills and many of the B2B CFO Partners regularly dedicate time to educate business owners on financial matters.   Mills is a frequent speaker and contributor and has been featured on many national media networks including FOX Business, Fortune Small Business, Smart Money and many others.  Mills is also the author of The Danger Zone - Lost in the Growth Transition, and Avoiding The Danger Zone – Business Illusions, both business non-fiction books that help entrepreneurs understand and build a strong financial strategy.

 

“We look forward to participating in the Inc. 500|5000 conference in Washington, DC this fall,” added Mills. “Along with my colleagues, I look forward to the October 2nd awards ceremony and to meeting the entrepreneurs that created the other 5000 fastest growing companies in America.”

 

About Inc. Magazine

 

Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for todays innovative company builders.  Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology.

 

Inc. Magazine’s 29th annual Inc. 5000 ranking of the fastest-growing private companies in the country is available online at www.inc.com/inc5000/list

 

 

ABOUT B2B CFO

Headquartered in Phoenix, Ariz., the firm was founded in 1987 by Jerry L. Mills. B2B CFO is the nation’s largest CFO firm serving entrepreneurial, growth and mid-market companies with revenue under $75 million.  The firm’s partners have an average of 25 years of experience and each individual partner is a senior level executive with a broad range of expertise.   Please visit online at www.b2bcfo.com

 

Aug 25
2010

B2B CFO Named in Prestigious INC. 5000 LIST

Posted by: Joseph C. Worth partner B2B CFO in Articles


B2B CFO NAMED IN PRESTIGIOUS INC. 5000 LIST

184% Growth Earns B2B CFO Spot in the 2010 List of Fastest Growing Companies in America

 

Phoenix, Ariz. August 24, 2010 —  B2B CFO, nation’s largest provider of CFO services to small businesses, has been named to the prestigious Inc. 5000 list of fastest growing companies in America.

 

Now in its 29th year, Inc. Magazine’s annual ranking judges US-based and privately held companies by their revenue growth.  This year’s list was ranked on the percentage in revenue increase from 2006-2009. B2B CFO’s growth earned 84th place in its industry.

 

 "There are approximately 27 million small businesses in the U.S. today,” said Jerry L. Mills, founder and chief executive officer of B2B CFO, “It is a huge honor to be among the fastest growing and the most successful businesses in the country.  Our firm has experienced tremendous growth over the past few years and we are on track to continue expanding.  I am especially grateful to all of the firm’s dedicated Partners who continue to advocate our services around the nation.”

 

In a personalized letter congratulating B2B CFO on this accomplishment, Jane Berenston, editor-in-chief of Inc. Magazine’s wrote “Congratulations: your company, B2B CFO, has made the 2010 list of the fastest growing private companies in America. This achievement puts you in rarefied company, especially if you consider that over 27 million businesses are registered in the USA.  The elite group you’ve now joined has, over the years, included companies such as Microsoft, Timberland, Visa, Intuit, Jamba Juice, Oracle, and Zappos.com. I look forward to congratulating you in person in Washington, D.C.”  

 

B2B CFO’s growth is reflected in numerous awards this year.  The company was also recently named in ACE Corporate Growth Awards, which recognized the most successful and fastest growing companies in Arizona.  

-more-

In August 2010, B2B CFO has grown to 170 Partners across 39 states, representing 5,000 years of cumulative experience.  Each Partner is a seasoned financial executive who serves as CFO to growing businesses on as-needed basis.   Approximately 80% of the Partners have a background that includes senior executive positions at the Big Four, and all of the Partners have held high level executive finance positions in various industries in corporate America. Together, B2B CFO Partners work with more than 500 businesses in the nation with combined annual sales of more than $3 Billion.

 

Jerry L. Mills and many of the B2B CFO Partners regularly dedicate time to educate business owners on financial matters.   Mills is a frequent speaker and contributor and has been featured on many national media networks including FOX Business, Fortune Small Business, Smart Money and many others.  Mills is also the author of The Danger Zone - Lost in the Growth Transition, and Avoiding The Danger Zone – Business Illusions, both business non-fiction books that help entrepreneurs understand and build a strong financial strategy.

 

“We look forward to participating in the Inc. 500|5000 conference in Washington, DC this fall,” added Mills. “Along with my colleagues, I look forward to the October 2nd awards ceremony and to meeting the entrepreneurs that created the other 5000 fastest growing companies in America.”

 

About Inc. Magazine

 

Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for todays innovative company builders.  Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology.

 

Inc. Magazine’s 29th annual Inc. 5000 ranking of the fastest-growing private companies in the country is available online at www.inc.com/inc5000/list

 

 

ABOUT B2B CFO

Headquartered in Phoenix, Ariz., the firm was founded in 1987 by Jerry L. Mills. B2B CFO is the nation’s largest CFO firm serving entrepreneurial, growth and mid-market companies with revenue under $75 million.  The firm’s partners have an average of 25 years of experience and each individual partner is a senior level executive with a broad range of expertise.   Please visit online at www.b2bcfo.com

 

 

MEDIA CONTACT

Ania Kubicki

ANGLES Public Relations

480-656-8388 

E: b2bcfo@anglespr.com

 


Aug 25
2010

B2B CFO® Named to Inc 5000

Posted by: Alan G. Lefkowitz in Articles

B2B CFO NAMED IN PRESTIGIOUS INC. 5000 LIST

184% Growth Earns B2B CFO Spot in the 2010 List of Fastest Growing Companies in America

Phoenix, Ariz. August 24, 2010 —  B2B CFO, nation’s largest provider of CFO services to small businesses, has been named to the prestigious Inc. 5000 list of fastest growing companies in America.

Now in its 29th year, Inc. Magazine’s annual ranking judges US-based and privately held companies by their revenue growth.  This year’s list was ranked on the percentage in revenue increase from 2006-2009. B2B CFO’s growth earned 84th place in its industry.

 "There are approximately 27 million small businesses in the U.S. today,” said Jerry L. Mills, founder and chief executive officer of B2B CFO, “It is a huge honor to be among the fastest growing and the most successful businesses in the country.  Our firm has experienced tremendous growth over the past few years and we are on track to continue expanding.  I am especially grateful to all of the firm’s dedicated Partners who continue to advocate our services around the nation.”

In a personalized letter congratulating B2B CFO on this accomplishment, Jane Berenston, editor-in-chief of Inc. Magazine’s wrote “Congratulations: your company, B2B CFO, has made the 2010 list of the fastest growing private companies in America. This achievement puts you in rarefied company, especially if you consider that over 27 million businesses are registered in the USA.  The elite group you’ve now joined has, over the years, included companies such as Microsoft, Timberland, Visa, Intuit, Jamba Juice, Oracle, and Zappos.com. I look forward to congratulating you in person in Washington, D.C.”  

B2B CFO’s growth is reflected in numerous awards this year.  The company was also recently named in ACE Corporate Growth Awards, which recognized the most successful and fastest growing companies in Arizona.  

In August 2010, B2B CFO has grown to 170 Partners across 39 states, representing 5,000 years of cumulative experience.  Each Partner is a seasoned financial executive who serves as CFO to growing businesses on as-needed basis.   Approximately 80% of the Partners have a background that includes senior executive positions at the Big Four, and all of the Partners have held high level executive finance positions in various industries in corporate America. Together, B2B CFO Partners work with more than 500 businesses in the nation with combined annual sales of more than $3 Billion.

Jerry L. Mills and many of the B2B CFO Partners regularly dedicate time to educate business owners on financial matters.   Mills is a frequent speaker and contributor and has been featured on many national media networks including FOX Business, Fortune Small Business, Smart Money and many others.  Mills is also the author of The Danger Zone - Lost in the Growth Transition, and Avoiding The Danger Zone – Business Illusions, both business non-fiction books that help entrepreneurs understand and build a strong financial strategy.

“We look forward to participating in the Inc. 500|5000 conference in Washington, DC this fall,” added Mills. “Along with my colleagues, I look forward to the October 2nd awards ceremony and to meeting the entrepreneurs that created the other 5000 fastest growing companies in America.”

 About Inc. Magazine

Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for todays innovative company builders.  Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology.

Inc. Magazine’s 29th annual Inc. 5000 ranking of the fastest-growing private companies in the country is available online at www.inc.com/inc5000/list

ABOUT B2B CFO

Headquartered in Phoenix, Ariz., the firm was founded in 1987 by Jerry L. Mills. B2B CFO is the nation’s largest CFO firm serving entrepreneurial, growth and mid-market companies with revenue under $75 million.  The firm’s partners have an average of 25 years of experience and each individual partner is a senior level executive with a broad range of expertise.   Please visit online at www.b2bcfo.com

 

 

Aug 25
2010

B2B CFO NAMED IN PRESTIGIOUS INC. 5000 LIST

Posted by: Douglas S. Jones in Articles

Exciting news just released!
184% Growth Earns B2B CFO Spot in the 2010 List of Fastest Growing Companies in America

 

Phoenix, Ariz. August 24, 2010 —  B2B CFO, nation’s largest provider of CFO services to small businesses, has been named to the prestigious Inc. 5000 list of fastest growing companies in America.

 

Now in its 29th year, Inc. Magazine’s annual ranking judges US-based and privately held companies by their revenue growth.  This year’s list was ranked on the percentage in revenue increase from 2006-2009. B2B CFO’s growth earned 84th place in its industry.

 

 "There are approximately 27 million small businesses in the U.S. today,” said Jerry L. Mills, founder and chief executive officer of B2B CFO, “It is a huge honor to be among the fastest growing and the most successful businesses in the country.  Our firm has experienced tremendous growth over the past few years and we are on track to continue expanding.  I am especially grateful to all of the firm’s dedicated Partners who continue to advocate our services around the nation.”

 

In a personalized letter congratulating B2B CFO on this accomplishment, Jane Berenston, editor-in-chief of Inc. Magazine’s wrote “Congratulations: your company, B2B CFO, has made the 2010 list of the fastest growing private companies in America. This achievement puts you in rarefied company, especially if you consider that over 27 million businesses are registered in the USA.  The elite group you’ve now joined has, over the years, included companies such as Microsoft, Timberland, Visa, Intuit, Jamba Juice, Oracle, and Zappos.com. I look forward to congratulating you in person in Washington, D.C.”  

 

B2B CFO’s growth is reflected in numerous awards this year.  The company was also recently named in ACE Corporate Growth Awards, which recognized the most successful and fastest growing companies in Arizona.  

 

In August 2010, B2B CFO has grown to 170 Partners across 39 states, representing 5,000 years of cumulative experience.  Each Partner is a seasoned financial executive who serves as CFO to growing businesses on as-needed basis.   Approximately 80% of the Partners have a background that includes senior executive positions at the Big Four, and all of the Partners have held high level executive finance positions in various industries in corporate America. Together, B2B CFO Partners work with more than 500 businesses in the nation with combined annual sales of more than $3 Billion.

 

Jerry L. Mills and many of the B2B CFO Partners regularly dedicate time to educate business owners on financial matters.   Mills is a frequent speaker and contributor and has been featured on many national media networks including FOX Business, Fortune Small Business, Smart Money and many others.  Mills is also the author of The Danger Zone - Lost in the Growth Transition, and Avoiding The Danger Zone – Business Illusions, both business non-fiction books that help entrepreneurs understand and build a strong financial strategy.

 

“We look forward to participating in the Inc. 500|5000 conference in Washington, DC this fall,” added Mills. “Along with my colleagues, I look forward to the October 2nd awards ceremony and to meeting the entrepreneurs that created the other 5000 fastest growing companies in America.”

 

About Inc. Magazine

 

Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for todays innovative company builders.  Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology.

 

Inc. Magazine’s 29th annual Inc. 5000 ranking of the fastest-growing private companies in the country is available online at www.inc.com/inc5000/list

 

 

ABOUT B2B CFO

Headquartered in Phoenix, Ariz., the firm was founded in 1987 by Jerry L. Mills. B2B CFO is the nation’s largest CFO firm serving entrepreneurial, growth and mid-market companies with revenue under $75 million.  The firm’s partners have an average of 25 years of experience and each individual partner is a senior level executive with a broad range of expertise.   Please visit online at www.b2bcfo.com

Aug 25
2010

B2B CFO NAMED IN PRESTIGIOUS INC. 5000 LIST

Posted by: Paul R. Shackford in Articles

FOR IMMEDIATE RELEASE

 

MEDIA CONTACT

Ania Kubicki

ANGLES Public Relations

480-656-8388 

E: b2bcfo@anglespr.com

 

B2B CFO NAMED IN PRESTIGIOUS INC. 5000 LIST

184% Growth Earns B2B CFO Spot in the 2010 List of Fastest Growing Companies in America

 

Phoenix, Ariz. August 24, 2010 —  B2B CFO, nation’s largest provider of CFO services to small businesses, has been named to the prestigious Inc. 5000 list of fastest growing companies in America.

 

Now in its 29th year, Inc. Magazine’s annual ranking judges US-based and privately held companies by their revenue growth.  This year’s list was ranked on the percentage in revenue increase from 2006-2009. B2B CFO’s growth earned 84th place in its industry.

 

 "There are approximately 27 million small businesses in the U.S. today,” said Jerry L. Mills, founder and chief executive officer of B2B CFO, “It is a huge honor to be among the fastest growing and the most successful businesses in the country.  Our firm has experienced tremendous growth over the past few years and we are on track to continue expanding.  I am especially grateful to all of the firm’s dedicated Partners who continue to advocate our services around the nation.”

 

In a personalized letter congratulating B2B CFO on this accomplishment, Jane Berenston, editor-in-chief of Inc. Magazine’s wrote “Congratulations: your company, B2B CFO, has made the 2010 list of the fastest growing private companies in America. This achievement puts you in rarefied company, especially if you consider that over 27 million businesses are registered in the USA.  The elite group you’ve now joined has, over the years, included companies such as Microsoft, Timberland, Visa, Intuit, Jamba Juice, Oracle, and Zappos.com. I look forward to congratulating you in person in Washington, D.C.”  

 

B2B CFO’s growth is reflected in numerous awards this year.  The company was also recently named in ACE Corporate Growth Awards, which recognized the most successful and fastest growing companies in Arizona.  

 

In August 2010, B2B CFO has grown to 170 Partners across 39 states, representing 5,000 years of cumulative experience.  Each Partner is a seasoned financial executive who serves as CFO to growing businesses on as-needed basis.   Approximately 80% of the Partners have a background that includes senior executive positions at the Big Four, and all of the Partners have held high level executive finance positions in various industries in corporate America. Together, B2B CFO Partners work with more than 500 businesses in the nation with combined annual sales of more than $3 Billion.

 

Jerry L. Mills and many of the B2B CFO Partners regularly dedicate time to educate business owners on financial matters.   Mills is a frequent speaker and contributor and has been featured on many national media networks including FOX Business, Fortune Small Business, Smart Money and many others.  Mills is also the author of The Danger Zone - Lost in the Growth Transition, and Avoiding The Danger Zone – Business Illusions, both business non-fiction books that help entrepreneurs understand and build a strong financial strategy.

 

“We look forward to participating in the Inc. 500|5000 conference in Washington, DC this fall,” added Mills. “Along with my colleagues, I look forward to the October 2nd awards ceremony and to meeting the entrepreneurs that created the other 5000 fastest growing companies in America.”

 

About Inc. Magazine

 

Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for todays innovative company builders.  Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology.

 

Inc. Magazine’s 29th annual Inc. 5000 ranking of the fastest-growing private companies in the country is available online at www.inc.com/inc5000/list

 

 

ABOUT B2B CFO

Headquartered in Phoenix, Ariz., the firm was founded in 1987 by Jerry L. Mills. B2B CFO is the nation’s largest CFO firm serving entrepreneurial, growth and mid-market companies with revenue under $75 million.  The firm’s partners have an average of 25 years of experience and each individual partner is a senior level executive with a broad range of expertise.   Please visit online at www.b2bcfo.com

 






 

 


Aug 25
2010

B2B CFO NAMED IN INC. 500|5000 LIST

Posted by: Jerry Mills in Articles

B2B CFO NAMED IN PRESTIGIOUS INC. 500|5000 LIST

184% Growth Earns B2B CFO Spot in the 2010 List of Fastest Growing Companies in America

 

Phoenix, Ariz. August 24, 2010 —  B2B CFO, nation’s largest provider of CFO services to small businesses, has been named to the prestigious Inc. 5000 list of fastest growing companies in America.

 

Now in its 29th year, Inc. Magazine’s annual ranking judges US-based and privately held companies by their revenue growth.  This year’s list was ranked on the percentage in revenue increase from 2006-2009. B2B CFO’s growth earned 84th place in its industry.

 

 "There are approximately 27 million small businesses in the U.S. today,” said Jerry L. Mills, founder and chief executive officer of B2B CFO, “It is a huge honor to be among the fastest growing and the most successful businesses in the country.  Our firm has experienced tremendous growth over the past few years and we are on track to continue expanding.  I am especially grateful to all of the firm’s dedicated Partners who continue to advocate our services around the nation.”

 

In a personalized letter congratulating B2B CFO on this accomplishment, Jane Berenston, editor-in-chief of Inc. Magazine’s wrote “Congratulations: your company, B2B CFO, has made the 2010 list of the fastest growing private companies in America. This achievement puts you in rarefied company, especially if you consider that over 27 million businesses are registered in the USA.  The elite group you’ve now joined has, over the years, included companies such as Microsoft, Timberland, Visa, Intuit, Jamba Juice, Oracle, and Zappos.com. I look forward to congratulating you in person in Washington, D.C.”  

 

B2B CFO’s growth is reflected in numerous awards this year.  The company was also recently named in ACE Corporate Growth Awards, which recognized the most successful and fastest growing companies in Arizona.  


In August 2010, B2B CFO has grown to 171 Partners across 39 states, representing 5,000 years of cumulative experience.  Each Partner is a seasoned financial executive who serves as CFO to growing businesses on as-needed basis.   Approximately 80% of the Partners have a background that includes senior executive positions at the Big Four, and all of the Partners have held high level executive finance positions in various industries in corporate America. Together, B2B CFO Partners work with more than 500 businesses in the nation with combined annual sales of more than $3 Billion.

 

Jerry L. Mills and many of the B2B CFO Partners regularly dedicate time to educate business owners on financial matters.   Mills is a frequent speaker and contributor and has been featured on many national media networks including FOX Business, Fortune Small Business, Smart Money and many others.  Mills is also the author of The Danger Zone - Lost in the Growth Transition, and Avoiding The Danger Zone – Business Illusions, both business non-fiction books that help entrepreneurs understand and build a strong financial strategy.

 

“We look forward to participating in the Inc. 500|5000 conference in Washington, DC this fall,” added Mills. “Along with my colleagues, I look forward to the October 2nd awards ceremony and to meeting the entrepreneurs that created the other 5000 fastest growing companies in America.”

 

About Inc. Magazine

 

Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for todays innovative company builders.  Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology.

 

Inc. Magazine’s 29th annual Inc. 5000 ranking of the fastest-growing private companies in the country is available online at www.inc.com/inc5000/list

 

 

ABOUT B2B CFO

Headquartered in Phoenix, Ariz., the firm was founded in 1987 by Jerry L. Mills. B2B CFO is the nation’s largest CFO firm serving entrepreneurial, growth and mid-market companies with revenue under $75 million.  The firm’s partners have an average of 25 years of experience and each individual partner is a senior level executive with a broad range of expertise.   Please visit online at www.b2bcfo.com

Aug 25
2010

B2B CFO NAMED TO INC MAGAZINES FASTEST GROWING COMPANIES IN THE UNITED STATES

Posted by: Steven P. Schertz, CPA in Articles

B2B CFO NAMED IN PRESTIGIOUS INC. 5000 LIST

184% Growth Earns B2B CFO Spot in the 2010 List of Fastest Growing Companies in America

 

Phoenix, Ariz. August 24, 2010 —  B2B CFO, nation’s largest provider of CFO services to small businesses, has been named to the prestigious Inc. 5000 list of fastest growing companies in America.

 

Now in its 29th year, Inc. Magazine’s annual ranking judges US-based and privately held companies by their revenue growth.  This year’s list was ranked on the percentage in revenue increase from 2006-2009. B2B CFO’s growth earned 84th place in its industry.

 

 "There are approximately 27 million small businesses in the U.S. today,” said Jerry L. Mills, founder and chief executive officer of B2B CFO, “It is a huge honor to be among the fastest growing and the most successful businesses in the country.  Our firm has experienced tremendous growth over the past few years and we are on track to continue expanding.  I am especially grateful to all of the firm’s dedicated Partners who continue to advocate our services around the nation.”

 

In a personalized letter congratulating B2B CFO on this accomplishment, Jane Berenston, editor-in-chief of Inc. Magazine’s wrote “Congratulations: your company, B2B CFO, has made the 2010 list of the fastest growing private companies in America. This achievement puts you in rarefied company, especially if you consider that over 27 million businesses are registered in the USA.  The elite group you’ve now joined has, over the years, included companies such as Microsoft, Timberland, Visa, Intuit, Jamba Juice, Oracle, and Zappos.com. I look forward to congratulating you in person in Washington, D.C.”  

 

B2B CFO’s growth is reflected in numerous awards this year.  The company was also recently named in ACE Corporate Growth Awards, which recognized the most successful and fastest growing companies in Arizona.  

-more-

In August 2010, B2B CFO has grown to 170 Partners across 39 states, representing 5,000 years of cumulative experience.  Each Partner is a seasoned financial executive who serves as CFO to growing businesses on as-needed basis.   Approximately 80% of the Partners have a background that includes senior executive positions at the Big Four, and all of the Partners have held high level executive finance positions in various industries in corporate America. Together, B2B CFO Partners work with more than 500 businesses in the nation with combined annual sales of more than $3 Billion.

 

Jerry L. Mills and many of the B2B CFO Partners regularly dedicate time to educate business owners on financial matters.   Mills is a frequent speaker and contributor and has been featured on many national media networks including FOX Business, Fortune Small Business, Smart Money and many others.  Mills is also the author of The Danger Zone - Lost in the Growth Transition, and Avoiding The Danger Zone – Business Illusions, both business non-fiction books that help entrepreneurs understand and build a strong financial strategy.

 

“We look forward to participating in the Inc. 500|5000 conference in Washington, DC this fall,” added Mills. “Along with my colleagues, I look forward to the October 2nd awards ceremony and to meeting the entrepreneurs that created the other 5000 fastest growing companies in America.”

 

About Inc. Magazine

 

Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for todays innovative company builders.  Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology.

 

Inc. Magazine’s 29th annual Inc. 5000 ranking of the fastest-growing private companies in the country is available online at www.inc.com/inc5000/list

 

 

ABOUT B2B CFO

Headquartered in Phoenix, Ariz., the firm was founded in 1987 by Jerry L. Mills. B2B CFO is the nation’s largest CFO firm serving entrepreneurial, growth and mid-market companies with revenue under $75 million.  The firm’s partners have an average of 25 years of experience and each individual partner is a senior level executive with a broad range of expertise.   Please visit online at www.b2bcfo.com

 

Aug 25
2010

Planning Your Exit Strategy

Posted by: Richard Allen Foster in Articles

 

"Begin with the end in mind," says Stephen Covey in his book, "The Seven Habits of Successful Living." Those who have created a successful business know it does not happen without planning, hard work, and luck. Yet many have no exit plan for leaving their business.  

The Four D's of a Business Exit

Take the time to look at the four D's of a business exit strategy: death, disability, divorce, and departing. 

  • Death: The death of a business owner should be considered during the early stages of a business. 
  • Disability: Death is not as likely to end the business relationship as completely as a physical or mental disability. 
  • Divorce: Divorce may be complicated by the personalities involved. Partners not even be a part of the dispute may be affected financially.
  • Departure: You may decide to leave for another opportunity or to take life easier. Who is going to do the work? Where is money coming from? All important considerations for your business exit strategy.

For the small business owner, each one of the four D's has special demands on: family, income, taxes, and transfer of control of assets. The concerns of the family or income can conflict with the business. Reduce conflict by developing a fair agreement before the exit occurs. 

Creating a Business Exit Strategy

If you plan to exit your business and transform your equity into cash through a sale, merger or IPO, you need to prepare for that every step along the way. To help, here is an overview of some business exit strategies for you to potentially pursue.

1. Sale - The most common exit strategy for any business owner is to sell the business to someone else or to some other company. A sale typically results in the seller of the company receiving cash in exchange for the assets of the company. The tricky part of any sale is preparing the company for sale and valuing the company.
 2. Mergers  - A merger is when two companies get together, establish a value on each company, and then combine the two to form one bigger company. In most mergers, one company shareholders receive stock in the other company which is usually worth more than each independent company.
3. IPO - You can also sell your company via the stock market in an initial public offering or IPO. The good news is that you stand the chance to get the biggest dollar payout of any exit strategy. The bad news is that it is very expensive to obtain an IPO, and you can easily spend half-a-million dollars on attorney and accountant fees. 
4. Buyout - A buyout is when someone comes in and takes over your business. You'll usually see this happen with small- to mid-size businesses that provide professional services. Usually, you'll get a better deal if the acquiring company can pay upfront rather than doing a "leverage buyout" where future earnings are used to pay buyout debt.
5. Liquidation of assets  - Simply closing the business is also a viable choice. The process is simple: Lay off your employees, sell the company assets, refer your customers to other suppliers, pay whatever bills remain, shut the doors and walk away. It is the most straightforward exit strategy, but is generally the least rewarding.

Business Exit Strategy

Planning how you exit your business is just as important as planning how to start it. In both cases, the goal is to maximize the value of your company. When you start a new business, or grow your existing business, you need to also think about your business exit strategy. The way you plan to exit your business is a major factor in determining how to run your business. 

The great American dream is to: build a business of your own; bring it to life; and make it successful. How you plan your exit strategy will determine how well you maintain the success of the business when it comes time to leave it.  

 

Aug 24
2010

Financial Strategies to Increase Sales

Posted by: Rick Perrin in Articles

Have you just about run out of ideas to increase your sales?  How about some financial strategies!  Here are some I use:

 

  1. Work with the CEO/owner to increase the amount of time they are spending on sales.  The CEO has more punch with customers and potential customers than anyone else in the firm.  If we can help the CEO increase time spent on sales from say, 10% to 20%, what  would be the resulting increase in sales, and how much would flow to the bottom line? This simple concept is often overlooked and can bring more to the bottom line than many other activities, including cost cutting.  It is not difficult - we can show you how.
  2. Strategic Pricing
    • Understand your costs in-side out.
    • Understand your true overhead rates (service firms too).
    • Understand your variable and fixed costs and breakeven.
    • Have a robust quoting program to accurately estimate the cost of your product/services/jobs.
    • Understand the bottom line benefit to the company of winning the quoted business, including net contribution and cash.
    • Identify minimum margins and products/services that are not meeting these margins.  Determine how to increase those margins (reduced costs or increased prices).
    • Use this information to develop "strategic pricing strategies" to win the business you want.
  3. Identify and Increase Good Customers:  
    • Calculate true customer profitability.
    • Understand the soft side of good vs. bad customers.
    • Rank customers by profitabiltiy and the soft aspects.  You will quickly identify the attributes of a good customer (e.g. size, industry, geography, etc.) and can then target additional potential clients with similar attributes.
    • Agressively seek out these good customers.
    • Weed out bad customers.  Remember the 80/20 rule - your bad customers are actually hurting the bottom line.
  4. Build an ROI (return on investment) model aroound your products or services to help your customers understand the financial benefits of using your products or services. Work directly with them to fill out the ROI worksheet.
  5. Calculate the ROI of your advertising and other marketing activities and employ only those that meet a specified benchmark.
  6. Create and implement sales incentive plans to properly reward sales staff for achieving the goals you set out, increasing sales to "good customers" and following the other items laid out above.

 

Financial strategies can have a great impact on increasing sales.  If you are not employing these 6 strategies, you are missing out on incremental sales that could have huge bottom line impact. These should be included in your overall sales and marketing strategies and annual plans.

If you don't know how to address these strategies on your own, don't hesitate to contact me.

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