B2B CFO® Expands in South Carolina
B2B CFO is pleased to announce its expansion in South Carolina with the addition of Henry Reynolds as the firm’s newest partner. Reynolds is joining B2B CFO after a 25-year successful corporate career in finance. He joins four other B2B CFO Partners in South Carolina who currently provide CFO services to local business owners. With close to 200 partners across the country, B2B CFO, is the nation’s largest CFO for hire firm. The part-time/as-needed CFO role is a hallmark of the firm that provides services exclusively to emerging and mid-market companies. Reynolds joined B2B CFO as a partner in February. Reynolds’s clients will benefit from his combination of executive finance and consulting experience supported by the depth of resources provided by the national firm. Prior to joining B2B CFO, Reynolds served in several financial oriented positions including CFO, Controller for companies with revenues up to $200 million. As a CFO in the construction industry, he managed all financial and banking functions for a large domestic heavy construction company with international operations as well as several other domestic affiliates. Reynolds was instrumental in the company’s doubling of growth during a two year time period. By instilling discipline into the accounting analysis and reporting process, lead time between monthly closings and financial statement presentation were reduced from 2 months to 21 days. “We welcome Henry to the B2B CFO Partnership. In many ways he represents a snapshot of the organization: business experience and an entrepreneurial outlook, with deep roots in finance and strong connections in the community,” said Jerry L. Mills, founder of B2B CFO. In his role as B2B CFO Partner,...
B2B CFO® Expands in Kentcuky
B2B CFO is pleased to announce its expansion in Kentucky with the addition of Patrick Cowan as the firm’s newest partner near Louisville. Cowan is joining B2B CFO after a 27-year successful corporate career in finance. He joins four other B2B CFO Partners in Kentucky who currently provide CFO services to local business owners. With close to 200 partners across the country, B2B CFO, is the nation’s largest CFO for hire firm. The part-time/as-needed CFO role is a hallmark of firm that provides services exclusively to emerging and mid-market companies. Cowan joined B2B CFO as a partner in February. Cowan’s clients will benefit from his combination of executive finance and consulting experience supported by the depth of resources provided by the national firm. Prior to joining B2B CFO, Cowan served in several financial oriented positions including CFO, Divisional Controller, Controller and VP of Finance for small to medium sized companies. Cowan has also been instrumental in the analysis and design of reporting systems, the implementation of processes and procedures to provide owners and managers the information they need to improve their businesses profitability. Cowan works with business owners to ensure their strategy includes a plan for generating cash. Cowan’s hands on approach has allowed him to be to the driving force behind triple digit revenue growth in one business and a multi-million dollar inventory reduction in another. In both cases the profit improvement was significant. “We welcome Patrick to the B2B CFO Partnership. In many ways he represents a snapshot of the organization: business experience and an entrepreneurial outlook, with deep roots in finance and strong connections in the community,”...
B2B CFO® Expands in Houston
B2B CFO is pleased to announce its expansion in Houston with the addition of Bill St. Clair as the firm’s newest partner. St. Clair is joining B2B CFO after a 27-year successful corporate career in finance. He joins five other B2B CFO Partners who currently provide CFO services to local business owners. With close to 200 partners across the country, B2B CFO, is the nation’s largest CFO for hire firm. The part-time/as-needed CFO role is a hallmark of firm that provides services exclusively to emerging and mid-market companies. St. Clair joined B2B CFO as a partner in January. St. Clair’s clients will benefit from his combination of executive finance and consulting experience supported by the depth of resources provided by the national firm. Prior to joining B2B CFO, St. Clair worked with Exxon for nine years where he served as Accounting Policy Advisor. While with Exxon he developed an inventory management program that resulted in $2 million in cash savings. Seven years ago St. Clair was confident he could use his skills and experience to assist the underserved small business community in Huston. Since this time he has served as a strategic partner for small business owners in a wide variety of industries including real estate, retail and medical services. He knew he could expand his service offerings and improve the quality of his services by joining B2B CFO. “We welcome Bill to the B2B CFO Partnership. In many ways he represents a snapshot of the organization: business experience and an entrepreneurial outlook, with deep roots in finance and strong connections in the community,” said Jerry L. Mills, founder of B2B...
A Cash Crisis
SMALL TALK MAY 17, 2010 Colleen DeBaise answers an entrepreneur’s question about when to call it quits Q: I’ve owned a small clothing boutique for three years. I weathered the economy, but now a construction project that will last three months has blocked foot traffic to my business. This is killing my cash flow so much that I had to delay paying my rent and my sales tax. When do I call it a day? —Susan, Burlingame, Calif. A: Fighting for survival is never easy, but keep in mind: If you don’t pay sales tax, the state could shut you down. When that happens, “you lose control—and that’s even more frustrating,” says Jerry L. Mills, founder of B2B CFO Partners LLC, a Phoenix firm that provides part-time chief-financial-officer services to small businesses. So, direct any reserve funds toward the payment of taxes as a first step in getting out of an already bad situation. After that, place a call to your insurance agent, and see if your business owner’s policy includes business- interruption insurance, which generally kicks in when natural or man-made hazards threaten your company. And while it’s best to avoid legal action, you might consider contacting an attorney to see if you have any recourse against the party—be it the city or a next-door neighbor—who’s jackhammering. Given the situation, you might also be able to negotiate a lower rent from your landlord, especially while construction continues. As far as deciding whether to close up shop, you should perform a simple cost-benefit analysis, looking at whether the positives outweigh the negatives if you remain open for six more...B2B CFO® are media experts on, and can speak to the media on:
- - Company Financials
- - Small Business Finance
- - Lending
- - Profit/Loss Statements
- - Exit Strategy
