O slideshow foi denunciado.
Utilizamos seu perfil e dados de atividades no LinkedIn para personalizar e exibir anúncios mais relevantes. Altere suas preferências de anúncios quando desejar.

Be the CEO

112 visualizações

Publicada em

In February’s lunch and learn, finance expert Mark Pudzrak explores how you can further your business vision with a financial partner.

Publicada em: Negócios
  • Seja o primeiro a comentar

  • Seja a primeira pessoa a gostar disto

Be the CEO

  1. 1. Be the CEO Mark Puzdrak, CPA
  2. 2. Objectives for Today • Identify scenarios that will alert you when you are not receiving financial information in a timely fashion • Practices your CFO/CPA should provide you • How to set and reach your financial goals
  3. 3. Your Financial Goals • What do you want to accomplish? • What is important to you? • What is your risk tolerance? • How long do you plan to be in this business? • Hit and Quit • Short Range – Long Term • 100 Year Company • Legacy Builder
  4. 4. What is a Chief Executive Officer (CEO) • Highest ranking executive in a company • Primary responsibilities: • Major corporate decisions • Overall operations and resources of the company • Main point of communication between board of directors and corporate operations • Public face of the company • Often has a position on the board – sometimes even the chair • Small company – CEO is a hands on role • Makes most of the business decisions • Lower level business decisions (example: hiring staff)
  5. 5. Red Flag Scenarios • Closing of books > 10 days • Avg. closing time = 5.2 days • Monthly financial statements delivered late • February statements delivered in April • Financial statements sent without analysis of or comparison to budgets, YOY amounts, industry standards • Questions go unanswered for days/weeks • CFO/CPA/Bookkeeper should be an accountability partner
  6. 6. Provided to You • Action items to be completed • What to expect in the monthly financial statement package • Analysis of the financial package • Timeline • Day the books will be closed (monthly) • Scheduled meetings to discuss information
  7. 7. Reaching Your Financial Goals • Learn the business of the business • Educate yourself • Hire from the bottom up • Think of the business from the bottom up • Perceive employees as Profit Drivers, not Cost Centers • High people with a high ceiling and a low floor • KISS • Keep It Simple Silly
  8. 8. Learn the Business of the Business • Legal Structure • LLC • Partnership • S-Corporation • Budgeting • Bottom up budgeting • Financial Statements • What they are • Why they’re important • Cash vs Accrual Basis
  9. 9. Hire from the Bottom Up • Sales • IT • Bookkeeping Services • Banker • CPA • Receptionist
  10. 10. Cost Center or Profit Driver? • Sales • IT • Bookkeeping Services • Banker • CPA • Receptionist
  11. 11. Questions?

×