In the wake of COVID-19 dealing a hard blow to the economy, B2B CFO®, a national firm dedicated to providing management advisory services to privately held companies, came forward to offer advice and Paycheck Protection Program (PPP) application assistance to privately held businesses across the country. A survey completed by B2B CFO® partners indicated that…

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The Event The October 2017 Northern California wildfires were the worst in the state’s history. Victims were traumatized by 70 mile-per-hour wind gusts and fire that week. Evacuees grabbed their children and pets with only moments to spare in some cases.  The fires caused 42 deaths, destroyed over 8,000 buildings, and displaced 100,000 people in three counties.…

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How To Keep Your Job (If You’re A CFO) ByPYMNTS Posted on June 1, 2016® There are market forces at work threatening the job of the chief financial officer, and we’re not just talking about the role automation and robots can play in replacing human employees. A new generation is taking the lead at U.S.…

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In B2B CFO’s The Exit Strategy Handbook, we provide statistics that reflect an upcoming “tsunami” of businesses that will need to transition to new ownership over the next 20 years.  We estimate that 378,000 businesses, on average, will hit the market annually over the next 20 years. Our conclusions are based on census data showing there…

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We at B2B CFO® talk often about how to increase your business valuation.  Maybe it’s time we talk about common ways that small and medium sized business (“SMB”) owners unwittingly sabotage their company’s value. Focus on Tax Avoidance. Sure, we all love to minimize tax.  Some methods are perfectly legitimate and will not affect your…

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We know. Its hard to keep up with so many terms. What are the differences between exit planning, succession planning, and transition planning? There is no right answer, but here’s how we keep the terms straight.     Succession Planning Succession planning is a process for identifying and developing new people to assume leadership positions.…

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Recently I blogged about the need for goal setting in the form of a 2016 budget aka “Profit Plan.”  You say “I’ve done that in the past, and it didn’t pan out.” I understand, but consider this. As if on cue, a close friend and brother recently referred me to a great book entitled “The…

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Cash flow forecasting and planning is perhaps the most important aspect of running a business, yet most small and medium sized businesses neglect this critical task. Inevitably, cash flow crises will develop, causing unnecessary business risk, not to mention owner indigestion. At B2B CFO®, we do all we can to help our business owners avoid this…

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Oh no, it’s the dreaded “B” word.  Ok, let’s just come out and say it. BUDGET! But before all the negative thoughts emerge, substitute the word “Profit Plan” for budget.  Then extend the exercise into 3 years, making this document into the “Forecast.” The first year of the Forecast becomes the 2016 Budget, or more…

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