Financial budgeting Every business or organization should consider the importance of having a financial budget. For instance, look at the financial budget as a roadmap leading to a destination. A detour without a course correction can lead to a delay in arrival or worse, not arriving at all. The financial budget has planned expenditures and … Continue reading Financial Budget – Consulting Services
Author: Steve Johnson
Making the decision to reopen This article focuses on the six decision tools to guide in reopening the economy. These tools were released, for this reason, by the Center for Disease Control (CDC) on May 14, 2020. So, the decision tools are a follow up to the President's latest guidelines, named Opening up America Again. The article Getting back … Continue reading Decision Tools to guide in reopening the economy
Getting back to work has been on everyone's mind since the country started shutting down nonessential businesses because of the Coronavirus (COVID-19). So, this article is an update regarding COVID-19 and the latest responses from the White House, the Center for Disease Control (CDC), Congress, and the World Health Organization (WHO). Opening up America Again … Continue reading Getting back to work – the plan
Small business paycheck protection program The purpose of the additional funding for the Paycheck Protection Program is to keep people employed. The purpose of the Paycheck Protection Program (PPP) is to keep people employed during the Coronavirus (COVID-19) pandemic. During the application process, business owners have been concerned about whether additional funding would be available for the … Continue reading Paycheck Protection Program – additional funding
A business has property and liability insurance coverage for different types of exposure. Because of the variety of risks, it also needs a business continuity plan in case a disruption occurs that can slow or stop business operations. Employees should know the business continuity plan in case of a business disruption or disaster. The disruption could … Continue reading Business Continuity Plan – areas to review
Economic Stimulus for small business The COVID-19 small business stimulus package is in place. The previous post titled Response to COVID-19 provides more details about the guidelines to slow the spread of COVID-19 and the federal economic response. Congress approved and the President signed three bills regarding COVID-19. The purpose of the COVID-19 small business … Continue reading COVID-19 small business stimulus package
There have been a lot of changes during the past few weeks. Coronavirus (COVID-19) started expanding globally. The response to COVID-19 involves different agencies responding to the expansion, including the Center for Disease Control (CDC), Congress and the White House, and state and local governments. Image courtesy of CDC/ Alissa Eckert, MS; Dan Higgins, MAMS … Continue reading Response to COVID-19
In this article, we will review the importance of outsourcing in business and other organizations. One online dictionary defines outsource as "to procure from outside sources…" The size of the organization can determine whether outsourcing occurs. An organization needs to focus on its core business and not try to be an expert in all areas. … Continue reading Outsourcing in business
The Chief Financial Officer ("CFO") in a startup company has a different role than the CFO in a more established company. The startup CFO requires more hands-on activity and to be involved in a variety of tasks and areas. A startup company ("startup") is a new business started by an entrepreneur who has a good … Continue reading Startup CFO – providing project-based leadership