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So far Pam Prior has created 55 blog entries.

Drowning in Data with No Helpful Information

By |2017-09-09T09:53:09-04:00September 9th, 2017|Bookkeeping|

“I’m drowning in bookkeeping data but have absolutely no good financial information about my business!” Sound familiar?  Maybe you’re getting monthly financial reports but nothing comes together to draw a picture for you of what’s really happening inside your business.  You’re not alone! So many business owners are in this same spot: in businesses [...]

Running On Empty

By |2020-05-07T09:32:31-04:00August 20th, 2017|CFO|

Whether you’re a start-up entrepreneur, or owner of a 9-figure mature businesses, there are circumstances that can cause you to run out of cash.  It just happens. It obviously happens in new businesses, because there is no income in the beginning. But it also happens in more mature businesses, because of ill-planned growth, leakage, [...]

The Secret Ingredient of High-Performing Finance Teams

By |2017-06-07T12:42:35-04:00June 6th, 2017|CFO, News & Info|

Some time ago, I was hired as the CFO of a company with about 200 employees, 12 of whom were on the finance team. When I got there, the executive leadership team believed they had a litany of “issues” with the finance team: They didn’t deliver reports on time The information they provided was inconsistent [...]

When Should You Expect Your Monthly Financial Reports?

By |2017-06-07T12:43:32-04:00May 25th, 2017|CFO, News & Info|

As a business owner, you might be wondering how early you can reasonably expect your monthly financial reports. Should you get them by the 5th workday? The 10th workday? In the middle of the month? When is the optimal time to review them, and can you get them that early? The answer is surprisingly simple: [...]

The Business Owner’s Guide to 5 Assumptions About Part-Time CFOs

By |2017-06-07T12:44:15-04:00May 16th, 2017|CFO, News & Info|

When it comes to hiring part-time CFOs, there are, as you would expect, many different perspectives, experiences, and opinions. You hear whispers of: “A part-time CFO will cost you an arm and a leg!” “Good luck with that… they just don’t know your business well enough.” “You’re better off hiring someone full time to lead [...]

Should the Founder Run the Grown Up Business?

By |2017-06-07T12:44:49-04:00May 9th, 2017|Consulting, News & Info|

A significant portion of a business’ initial success is directly tied to the skill set, relentless drive, and vision of the company’s founder. There is no doubt that it is a small handful of people who have what it takes to create a business from nothing but a dream. So the good news is that [...]

Three Steps to Meaningful Accounting Reports

By |2017-06-07T12:45:18-04:00May 2nd, 2017|CFO, News & Info|

Every step of your accounting process was created with the best intentions. There was a problem, and someone solved it. But over time (and it’s a lot less time than you think), business processes change. You hire new people, you have a change in leadership, and slowly but surely, you start to make micro-adjustments to [...]

Don’t Put the Bandaid on the Messenger When the Patient Needs the Cast (Or Why Accounting and Change Management Go Hand-in-Hand)

By |2017-06-07T12:45:58-04:00April 25th, 2017|Consulting, News & Info|

In 2002, following the whole Enron fiasco, the Sarbanes-Oxley Act was signed into law. This new legislation set new requirements for all US-based public companies, management, and company boards with regards to — you guessed it — controls that lead to accurate financial reporting. It placed a new level of responsibility on CFOs and CEOs [...]

How to Successfully Train Your Controller to Be a CFO

By |2020-05-26T14:51:57-04:00April 11th, 2017|CFO, News & Info|

If you’re reading this, you may be thinking about a skill gap in your company, and possibly moving your Controller into a Chief Financial Officer (CFO) role. Typically, that happens in one of two situations. Maybe your business is ready for a CFO and, since your controller is acting as your finance lead, the promotion [...]

You Don’t Have To Rely On Just Your Gut. Grow Your Business With Confidence.

By |2017-06-07T12:47:21-04:00April 5th, 2017|Bookkeeping, News & Info|

All entrepreneurs want their businesses to grow. Growth is good. For many entrepreneurs, this is exactly what they’ve focused on since the inception of their initial business idea. Then, one awesome day, they turned around, and happily realized, “Wow! I have a real business here!” Yes! I’m talking to you. You’ve been so wonderfully focused on [...]

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