“If it weren’t for bad luck, I wouldn’t have any luck at all.”

 

Business owners and company presidents might say this, if their businesses aren’t as profitable as they expected or if they continually face unpleasant surprises and crises.

Is that how you feel?

The cause of your “bad luck” may be:

** FINANCE**

Here’s what I mean:

Your business’s financial results are dependent upon the strength of the financial information you are basing your decisions on.

A strong finance function can’t make a bad business great, but the wrong financial input can damage a good business.

>> When I worked at Seagram, then the largest distiller in the world, the company had weak financial management. The sales people ran the show, and their objective was to sell as much as possible, regardless of the profit margin.

>> But then I joined a team that brought in stronger financial analysis and oversight. We changed the company’s objective to selling MORE of its most PROFITABLE BRANDS.

>> The focus on profit margins transformed the business.

>> When I started, Seagram’s market value was less than $1 billion. But years later, the founding family sold a slimmed-down, financially stronger Seagram for $5 billion.

Throughout my career as a corporate executive and as a recruiter, I have helped companies make more money. I would love to share case histories showing the results that some of the people I helped my clients hire and retain have generated.

Call me. In 10 minutes or less, I can help you determine if your finance function is the source of your supposed bad luck.

Other Posts

  • 𝐂𝐚𝐧 𝐘𝐨𝐮 𝐒𝐨𝐥𝐯𝐞 𝐑𝐮𝐛𝐢𝐤’𝐬 𝐂𝐮𝐛𝐞?

    𝐂𝐚𝐧 𝐘𝐨𝐮 𝐒𝐨𝐥𝐯𝐞 𝐑𝐮𝐛𝐢𝐤’𝐬 𝐂𝐮𝐛𝐞?

    24th April 2024
    Read More
  • 𝐇𝐨𝐰 𝐈𝐬 𝐆𝐨𝐨𝐝 𝐃𝐞𝐟𝐞𝐧𝐬𝐞 𝐢𝐧 𝐁𝐚𝐬𝐤𝐞𝐭𝐛𝐚𝐥𝐥 𝐋𝐢𝐤𝐞 𝐌𝐚𝐧𝐚𝐠𝐢𝐧𝐠 𝐘𝐨𝐮𝐫 𝐂𝐨𝐦𝐩𝐚𝐧𝐲’𝐬 𝐁𝐨𝐭𝐭𝐨𝐦 𝐋𝐢𝐧𝐞?

    𝐇𝐨𝐰 𝐈𝐬 𝐆𝐨𝐨𝐝 𝐃𝐞𝐟𝐞𝐧𝐬𝐞 𝐢𝐧 𝐁𝐚𝐬𝐤𝐞𝐭𝐛𝐚𝐥𝐥 𝐋𝐢𝐤𝐞 𝐌𝐚𝐧𝐚𝐠𝐢𝐧𝐠 𝐘𝐨𝐮𝐫 𝐂𝐨𝐦𝐩𝐚𝐧𝐲’𝐬 𝐁𝐨𝐭𝐭𝐨𝐦 𝐋𝐢𝐧𝐞?

    22nd April 2024
    Read More
  • 𝐓𝐨 𝐛𝐞𝐜𝐨𝐦𝐞 𝐰𝐡𝐚𝐭 𝐲𝐨𝐮 𝐚𝐫𝐞 𝐧𝐨𝐭, 𝐛𝐞𝐡𝐚𝐯𝐞 𝐚𝐬 𝐲𝐨𝐮 𝐝𝐨 𝐧𝐨𝐭.

    𝐓𝐨 𝐛𝐞𝐜𝐨𝐦𝐞 𝐰𝐡𝐚𝐭 𝐲𝐨𝐮 𝐚𝐫𝐞 𝐧𝐨𝐭, 𝐛𝐞𝐡𝐚𝐯𝐞 𝐚𝐬 𝐲𝐨𝐮 𝐝𝐨 𝐧𝐨𝐭.

    16th April 2024
    Read More