By Marty Koenig, CEO of CxO To Go
The new small 
business lending bill “Small Business Jobs Act of 2010” got passed today by the Senate (61-38). That shows the federal government got the message: Most job growth is caused by small businesses. The small-business bill provides $12 billion in tax incentives and provides a $30 billion lending fund to help cash-starved businesses. This Act is expected to leverage a total of $300 billion in loans to small businesses.
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Jan 26
2010
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Introduction:
Many CEO’s and small/medium business owners do not have a Board of Advisors, or Board of Directors to help hold them accountable and direct the business towards the ultimate goal of monetization with an exit strategy. If the business cannot afford a full time CFO, a part time CFO with a broad based business experience can be that ‘Trusted Advisor’. Ideally the CFO who is the ‘Trusted Advisor’ not only has financial experience, but operating experience as well to provide global insight to issues facing the business.
The Value Add:
The CFO who becomes the ‘Trusted Advisory’ to the CEO delivers results-driven, professional counsel and solutions for complex situations. The key benefits for the CEO and the organization having a ‘Trusted Advisor’ include:
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Oct 23
2009
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Are You a CXO?Posted by Marty Koenig in profitability , parttime cfo , multiple hats , management consulting colorado , financial forecasting , eMyth , efficiency , effectiveness , cxo to go , cxo , cxo , colorado executives , colorado coo , colorado cfo , CFO , cash flow , business process improvement , business owners , business improvement |
Do you wear a lot of hats? How's that working for you? Most business owners and CEOs tell me they don't like it. But they are convinced that performing a constant juggling act is a requirement of the job. You're the one who has to make sure the business keeps moving forward and will do anything at any time to make sure that happens. That's true, but more effective ways exist to reduce the number of hats you wear so you can focus on growing the right things for your business.
"Managers are there to do things right and leaders focus on doing the right things" -Warren Bennis
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Apr 29
2009
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Unlock capital, transform your bottom line and safeguard your future in uncertain times. 
Tough times sometimes call for creative solutions. Mick McLoughlin, Global Head of Restructuring at KPMG and partner in the U.K. firm, says: "As the economy slows,[having more cash] could give businesses a competitive edge, so they may not have to do all the usual things firms do when they fear recession −slash R&D spend, trim marketing budgets, lay off staff. In tough times, companies that generate cash are well placed to acquire at bargain prices." In fact, there are simple steps that produce simple gains. Take a look at eight factors to consider as you focus on cash.
Lead like Warren Buffett. Good cash management can uncover hidden process inefficiencies across the business, but if you don't get buy-in from every department, you will only find out about problems when they become too obvious −and expensive −to ignore. Warren Buffett's businesses generate cash because he has made this drive part of their corporate culture. And remember, how well you manage cash is partly driven by the caliber of information at your disposal.
Think like a private equity firm. Typically, private equity firms spend the first 100 days of an acquisition estimating how much cash they can generate without hurting the business −a strategy designed to improve working capital to grow the business's value on a three to five year plan by tightening up on receivables or extending payment terms.
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Mar 13
2009
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Herndon, VA -- January 21, 2009 – According to new research announced today, the segment of the U.S. workforce that includes contract talent, such as independent contractors, freelancers, and independent consultants, is growing at more than twice the rate of traditional employment.
The study, released today by HCI and industry partners, examines the use of contract talent in U.S. organizations. Gene Zaino, President & CEO of MVO Partners, noted, “As the workforce changes to reflect the emerging knowledge economy, organizations increasingly rely on contract talent – independent contractors, freelancers, and project-based consultants -- to augment and even replace their traditional workforce.”
The Contract Talent Research Practice Area at HCI, which produced the study, was formed to examine the use of contract talent and provide strategic thought leadership.
