Author: Kirk W. McLaren
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3 Best Practices to Manage Accounts Receivable
It’s no secret that if you don’t secure terms with people who owe you money, you’re losing big time. So what can you do to tighten control? Getting your accounts receivable in line can dictate the pace of your company’s growth. Revenue and cash flow drive everything. Over 70% of companies have less than enough cash to…
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The Difference Between a Growth CFO and an Accountant
As Foresight CFO grows, we encounter new obstacles to growth affecting a diverse array of CEOs. An obstacle we frequently see is the failure of CEOs to recognize the differences between a Growth CFO and an Accountant. “Why do we need another role dedicated to bookkeeping and tracking the numbers?” While an accountant and CFO share some…
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6 Ways to Increase Company Value
I hear it all the time: profit, profit, profit. Yes, profit is the incentive, but it’s just a piece of the larger puzzle when increasing company value. We explore 6 ways your organization can increase your company value right now.Let’s dig into it from a Growth CFO mindset.Increase Company Value Tip 1 – Accounting is…
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The Keys to Reducing Operating Costs
Whether you’re short on cash, anticipating demand reduction, or predicting future hardships, it’s never the wrong time to consider augmenting your operating costs. Another more positive scenario, things are going well at your Company, how could you improve profitability even more? In the best of times, it’s easy for slippage to occur, and expenses creep up as…
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Invest in Your Team!
Locating, hiring, and retaining excellent team members has become more complex than ever since 2020 and Covid. A great team is critical to your company’s success. Don’t miss these steps to make sure you’re leveraging the best talent. Numerous factors dictated this change, not that it was simple in the first place. So what makes you…