CFO Corner Articles
Payment Preparedness Matrix Model - CFO Corner 8/2021
PAYMENT PREPAREDNESS MATRIX Model (“PPM”) The model is attached below or found linked here. I picked this tip up from Investment Bankers I know. I follow this PPM model and, quite frankly, it has served me very well! I pass this on to you as we are ...
10 Financial Tips All Businesses Should Follow - CFO Corner 9/2021
10 Financial Tips All Businesses Should Follow by Rob West, CFO, MBA Sept 1, 2021 Good and effective management of finances makes the difference between a business that succeeds and one that fails at the very first hurdle. Here are some proven ...
10 Small-Business Financial Tips for 2021 - CFO Corner 11/2021
Two businesses. Two smart leadership teams, two motivated staffs, two potential blockbuster products. So why is one growing and the other floundering? Three words: Smart financial planning. Whether you’re a first-time entrepreneur or a business owner ...
9 Tips for Managing Small Business Finances - CFO Corner 12/2021
9 Tips for managing small business finances Aggregated by Rob West, CFO, MBA Here are a few things you should do as a small business owner to stay on top of your finances. 1. Pay yourself. If you're running a small business, it can be easy to try and ...
10 Business Tips to Make More Money as an Ice Cream Owner - CFO Corner 6/2022
Have Your Store Branded Image is everything (well, almost everything). The experience and taste of the ice cream bring customers back. Focus heavily on store branding and image. Hire outgoing and courteous employees even if they don’t know how to mop ...
SWOT Analysis Template - CFO Corner 7/2022
Attached below and linked here is a SWOT (Strengths, Weaknesses, Opportunities, and Threats) Analysis template. Take the time to do this for your location and see what you learn. Take the insights and now act on them to improve your business.
ROI Calculation and Uses - CFO Corner 8/2022
Return on Investment (ROI) In finance, Return on Investment, usually abbreviated as ROI, is a common, widespread metric used to evaluate the forecasted profitability on different investments. The metric can be applied to anything from stocks and real ...
Financial advice for entrepreneurs who think they're 'bad with money' - CFO Corner 9/2022
Financial advice for artists entrepreneurs who think they're 'bad with money' By Paco de Leon Not every hobby needs to be a side hustle. But, if you set out to make money off of yours – congratulations, you're running a business! Now you have to pay ...
ProfitKeeper and the Benefits - CFO Corner 2/2023
Why ProfitKeeper? In short, ProfitKeeper Collects Financial Statement Data From Source Accounting Software like Quickbooks and Presents the Data in Dashboard Graphical Views, Analytical Charts, and Franchisee & System-wide Trend Lines. These ...
FIVE Strategic Accounting Tips - CFO Corner 4/2023
FINANCIAL TIPS by Rob West, CFO, MBA April 1, 2023 FIVE Strategic Accounting Tips As all of you are essentially entrepreneurs, chances are there are things you do really well like hiring good people or developing new product ideas. But, there are ...
Finance Tips for Sub Zero Ice Cream Shops - CFO Corner 5/2023
Running a small business, such as our Sub Zero Ice Cream Stores, requires careful financial management to ensure its success and profitability. Without proper financial planning, even the most promising business can struggle to stay afloat. To help ...
Understanding a Balance Sheet - CFO Corner 7/2023
What is a balance sheet? The balance sheet is one of the three main financial statements, along with the income statement and cash flow statement. While income statements and cash flow statements show your business’s activity over a period of time, a ...
P&L Model & Business Valuation - CFO Corner 8/2023
This month's article is an excel worksheet to BUDGET/FORECAST Annual Revenue & Expenses (Cash Basis). Follow link, make a copy, and use for your location.
STRATEGIES FOR EARNING A 20% EBITDA - CFO Corner 9/2023
To earn a 20% EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) in our ice cream business requires focus on several key areas. Here's a step-by-step guide to help achieve that objective: Develop a solid business plan: Write out ...
Calculating Customer Acquisition Costs (“CAC”) For Your Sub Zero Ice Cream Store - CFO Corner 11/2023
Running a successful Sub Zero franchise involves more than just serving delicious ice cream; it also requires effective marketing and a clear understanding of the customer acquisition costs (“CAC”). CAC is a vital metric that helps store owners ...