Archive for the 'My Answers to LinkedIN Discussions' Category

Dilemmas of the workaholic; What do you do to keep the balance between family and friends, business and the need to nurture both?

July 1, 2011

There is no shame in wanting something, but you need to weigh the costs – you need to start by being totally honest with yourself –

  • What do you want?
  • What are you willing to do to get it?

Are you willing to lose your health, family, your life? For most of us the answer is a resounding NO! The answer is so simple, we rarely see it until it is too late… unfortunately all too often, the thing that gives, or is put last is family & it does not have to be that way

You can have your cake & eat it too… Do only what you are truly passionate about in your professional & personal life and delegate the rest. Why should you struggle doing things that you don’t want to do but need to be done when you would much rather focus on your passion and your family…

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Best Practices for Independent Consultants

May 4, 2011

First & foremost, it is understood that – you need to be organized and able to multitask.

Then you need to be comfortable with networking, as for best practices…

A       Always be professional; even in the most casual of offices, NEVER wear jeans

B       if you know the Big picture and the details; you will never be blindsided.

C       Create a consistent work flow to follow

D       be Dependable; if you are going to be late, call

E        be Ethical above all else; if it feels wrong, it IS

F        Friendly smile at all times

G       you Get the idea…

Good Luck!

What are your expectations of your company’s controller or CFO?

January 5, 2010

The answer, of course, will vary from company to company. The size and culture of the organization will dictate the tone of the answers. Having said that, here are some basic differences in the two roles:

Controllers are the people who actually will be responsible for the day to day accounting & record keeping. Depending on the company, they can perform those duties as “hands on” or supervise a staff. The major roles would be:

•Be the internal financial consultant
•Serve as the conscience for business ethics
•Ensure the control system works
•Inform the stakeholders on how the company is doing financially
•Keep interested third parties supplied with adequate information
•Be the main contact with those interested third parties
•Add value by making overhead functions cost effective and fully supportive, while ensuring efficiency in the supply chain
•Provide insight and suggest courses of action

The CFO is responsible for the overall strategic leadership of the organization. The CFO is the one asking those questions that others are reluctant to ask. The CFO is:

•The true conscience of the company
•The one willing to raise issues and counsel other leaders on the viability of their goals, plans & policies
•The one without any other agenda or bias other than the success of the company

Of course in some small organizations, there may be one person who holds both hats – Controller/CFO.