by Rich Bond
Many businesses routinely go on a diet, which they call a cost-cutting initiative.
Most doctors think constant dieting is bad for overall health because when a diet ends, most people put the lost weight back on, often even more weight. It’s a yo-yo diet.
On the other hand, the people who manage to keep the weight off do so by changing their basic habits, including eating a good breakfast. They make a transformation and wind up with more energy and a better attitude.
Businesses are not dissimilar to people. Just like dieting, cost cutting often has a rebound effect and can even be harmful to a business. In fact, there’s a saying that “you cannot save your way to prosperity.”
There is another, better way to build profits and spur growth. If your business is underperforming, you need to change some of your basic habits or processes. One of the surest ways to do this is to effect a financial transformation. Stop making decisions based on backward-focused financial information and switch to forward-focused financial analysis and projections. Look to what will likely be happening in the future – and how you can improve it.
As a financial recruiter with over 25 years of experience, we have helped many of our clients hire people who can effect this sort of transformation. The financial professionals we’ve placed have enabled their companies to increase profits by 50% to 100%.
I am offering you a complimentary 30-minute session to help you determine if a financial transformation could improve your company’s health and outlook. Sometimes, your current financial staff can do it themselves.
We can have the conversation via Zoom or on the phone. Please let me know a good time to set it up. Simply email me at Richard.bond@bondandcompany.com or call me at: 203-216-0618. I look forward to talking with you.
