By Rich Bond
Do you have confidence in the financial projections you are given? Many business owners and company presidents tell me they don’t. In fact, they too often get hit by unpleasant financial surprises.
A primary responsibility of finance is to provide insights into how your company is doing and to make management aware of problems or opportunities as early as possible. This information can also be shared and discussed with your bank.
Financial surprises can be serious! They usually reflect the fact that your finance people are only focusing on what happened and not on what will or could be happening. Surprises may be only the beginning of a string of bad news.
If you don’t have complete confidence in your company’s finance function, I would love to talk to you to help you assess the situation and offer potential solutions. As a former financial executive, owner of a family business, and now as a financial recruiter, I’ve seen it all.
Email me at Richard.bond@bondandcompany.com or call me at 203-221-3233. I look forward to hearing from you.
