It’s Not Hot and I’m Not Here!
It’s Not Hot and I’m Not Here!

I was having lunch last week with a workout officer at a large bank. He was commenting on how customers referred to his department were often in a state of denial. Not unlike the man who finds himself in Hell but won’t accept it!
It seems that a lot of businesses are in denial. Their sales are off on average thirty percent, they have been collecting old receivables and are losing money. Furthermore, they know they are going to have a problem with their debt compliance certificate in the coming quarter. Yet, they wait for something to change.
It is important for all of us to accept that this recession will last longer that those in the past. It already is one of the longest!
One of the perplexities of finance is that a company often has more cash when it is shrinking and going out of business than when it is growing. Consequently, a number of companies are generating cash and losing money at the same time. In a way they are consuming their flesh! At some point they will have run through their liquidity and have fewer options to save their company.
What every company should be doing is developing a business plan to reposition themselves to first stabilize the profitability at a lower level of sales and, more importantly, take advantage of the changes taking place. It all starts with making a business plan and putting it in writing.
It's Not Hot and I'm Not Here!


Quotes Every Financial Leader Needs to Read

A few weeks ago, I started another series of our Financial Leadership Workshop, and in Day 1, we discuss that paradigm shift that needs to take place to go from accounting to financial leadership. So, I compiled all the quotes from all of my curriculum that make me think… How can I lead my company differently? What can I

Read More »

The Future of the Accounting Workforce

See Also: Accounting Income vs Economic Income Accounting Fraud Prevention using Quickbooks Accrual based Accounting American Institute of Certified Public Accountants Auditor The Future of the Accounting Workforce Firms who are hiring new accountants or accounting majors have to understand where the newer generations are “coming from,” as a Boomer (born 1946-1964) might say, to target a style that will bring out the next

Read More »

Why Valuation Matters

The other day, a client asked why valuation matters. It seems like a lengthy process that is complex and differs in each case. You see, I didn’t respond in an elaborate explanation of the different methods of valuation. Instead, I start off by saying that life is very unpredictable. Have you ever experienced a life-altering

Read More »


Financial Leadership Workshop

MARCH 28TH-31ST 2022


Financial Leadership Workshop


June 12-15th, 2023

WIKI CFO® - Browse hundreds of articles