Getting your Budget Complete

This is about two weeks after the time each year that budgets should be completed
for your company. Here’s the process I like to follow in putting together my budget:

The Rolling Budget Will Improve Business Performance

Have you ever felt frustration as you try to plan your company's performance for the next twelve months, only to suffer even greater frustration when you try and measure your actual performance to that plan? The source of that frustration is usually a common issue small and medium-sized businesses (SMBs) experience.

Most Popular Blog Posts of 2010

2010 has been a very good blogging year for CFOwise®. In the spirit of planning for a great 2011, here are the eleven most popular blog posts from the year 2010:

The Need for Budgeting

Over the course of my career, I have experienced that while most departments in a company are winding down the year and looking for a little down-time, it is necessary for the accounting department to gear up for a busy time of year.  One of the primary activities that should happen before year-end is the budgeting process.  Although some view it as a very painful, useless process, the value of budgeting and planning for the upcoming year has proven time and time again to be very beneficial and insightful to the owner(s) of a company.

'Tis the Season--Budget 2011, But Make Sure You're Ready with Plan B

2010 is coming to a close, and its time to get serious about having your 2011 plan in place. And I'm not just talking about a revenue target or a net income budget.

Health Care Reform Demystified

I came across a great video explaining the Health Care Reform Law, or at least as much of it as can be reasonably understood at this time, in this great little video.  Take a look:

Entrepreneurial Benevolence

Small and medium-sized businesses are struggling to survive in this tough economy, right?  Entrepreneurs are fighting to make payroll and advance their companies to the next level, aren't they?  Yes and yes...

How Much Do Your Employees Really Make?

Your employees make a lot more than they think they do.  The next time they complain about not taking home enough, you might want to remind them how much you are actually paying to keep them gainfully employed.

Did You Win or Lose?

Sports teams compete against each other and they keep track of the score.  They know who wins and who loses, and each player on the team has more statistics on their performance than they know what to do with.  Individual sports athletes, like golfers and runners, meticulously measure their performance against themselves and others and use their numbers to find ways to improve.

Is running a business any different?  Is there a way to know if you win or lose each day?  Each week?  Each month?  Each year?  The answer to all of these questions is yes, and I write about how to accomplish this in

The One-Sided Effect of Healthcare Reform

Entrepreneurs, by their very nature, are usually very skilled at figuring out how to create opportunities out of even the most dire of circumstances.  They regard health care reform no differently.

Now that the dust has settled on this new legislation and employers are waiting to see what else trans

Removing the Financial Stress of a Seasonal Business

Most businesses have at least some seasonality to them.  Perhaps the first quarter of every calendar year is always slow, or your business comes to a stand-still every November through December.  Here is an example of a business that slows dramatically ever summer: