MarketWatch: August 2013: B2B CFO Named to Inc. 5000 List
Mesa, Arizona, Aug 29, 2013 (GLOBE NEWSWIRE via COMTEX) — B2B CFO, the leader in CFO services for mid-market companies, today announced that it was named to the 32nd annual Inc. 500|5000 list. This marks B2B CFO’s fourth consecutive appearance on the prestigious list. Companies such as Microsoft, Oracle, Timberland, Vizio, Intuit, Jamba Juice and Zappos.com all gained early exposure as members of the Inc. 500|5000. “It is a great honor to be included in the Inc. 5000 for the fourth year in a row,” said Jerry L. Mills, founder and CEO of B2B CFO. “Appearing on the list of fastest growing companies for four consecutive years is a testament to both the need for our services and the great quality work being done by our Partners throughout the country every day. This recognition is a reflection of their dedication as well as our ability to continually innovate our service offerings to meet the changing needs of our clients.” In addition to being a four-time honoree, B2B CFO is a three-time Conference Sponsor. This year, B2B CFO’s founder Jerry L. Mills was also selected to speak at the Inc. 500|5000 conference as a member of a panel on exit strategies. Mills’ research on the changing trends in business sales was published this past spring in his third book The Exit Strategy Handbook: The BEST Guide for Selling Your Business. Mills warns business owners of the upcoming buyers’ market as retiring baby boomers are expected to flood the marketplace with unprecedented numbers of businesses for sale. Hailed by Mills as The Baby Boomer Tsunami, this event is predicted to have...
Yahoo Finance: August 2013: B2B CFO Named to Inc. 5000 List
Mesa, Arizona, Aug. 29, 2013 (GLOBE NEWSWIRE) — B2B CFO, the leader in CFO services for mid-market companies, today announced that it was named to the 32nd annual Inc. 500|5000 list. This marks B2B CFO’s fourth consecutive appearance on the prestigious list. Companies such as Microsoft, Oracle, Timberland, Vizio, Intuit, Jamba Juice and Zappos.com all gained early exposure as members of the Inc. 500|5000. “It is a great honor to be included in the Inc. 5000 for the fourth year in a row,” said Jerry L. Mills, founder and CEO of B2B CFO. “Appearing on the list of fastest growing companies for four consecutive years is a testament to both the need for our services and the great quality work being done by our Partners throughout the country every day. This recognition is a reflection of their dedication as well as our ability to continually innovate our service offerings to meet the changing needs of our clients.” In addition to being a four-time honoree, B2B CFO is a three-time Conference Sponsor. This year, B2B CFO’s founder Jerry L. Mills was also selected to speak at the Inc. 500|5000 conference as a member of a panel on exit strategies. Mills’ research on the changing trends in business sales was published this past spring in his third book The Exit Strategy Handbook: The BEST Guide for Selling Your Business. Mills warns business owners of the upcoming buyers’ market as retiring baby boomers are expected to flood the marketplace with unprecedented numbers of businesses for sale. Hailed by Mills as The Baby Boomer Tsunami, this event is predicted to have a heavy...
Entrepreneur Magazine: August 2013: Accounting For Growth
Q: How do I know if my business has outgrown QuickBooks? A: This is what I call a “high-class question”–you wouldn’t be asking unless you’ve done things right long enough for your business to grow to a significant size. Most companies begin their financial lives using Intuit’s QuickBooks, one of the best and most popular accounting applications for small business. It’s affordable, it’s simple and it works. It’s easy to find bookkeepers who know how to use it, and it’s easy for people to learn. There’s no one answer to how big a company must be before it outgrows the software, though. I’ve worked with two $25 million companies: a software firm for which QuickBooks worked just fine, and one that needed a more robust platform to track hundreds of invoices and payments per day, something the program wasn’t built to handle. QB does have its drawbacks, and as your business grows you may find yourself bumping into them. Read more:...
Arizona Republic: August 2013: AZ Firms Make ‘Inc.’ List
Arizona is home to 99 of the nation’s 5,000 fastest-growing companies on Inc. magazine’s 2013 list. The state’s companies on the annual list vary from software, communication and IT providers to retailers, manufacturers and providers of health-care services. “Support for Arizona entrepreneurial businesses has really been growing in the past five years,” said Sidnee Peck, director of entrepreneurial initiatives at the W.P. Carey School of Business at Arizona State University. “With the Internet, it’s become much easier for startup companies to sell their services or products without having to raise much money first.” Of the state’s companies to be ranked by the magazine, 11 made the more prestigious Inc. 500 list. Tempe-based Now Communications ranked the highest at No. 37, with a 6,764 percent growth rate between 2009 and 2012. The company sells TV, Internet and phone services nationally and has become one of the nation’s largest dealers for DirecTv. Now Communications reported 2012 revenue of $7 million, compared with $102,742 in 2009. It has hired 104 of its 110 employees during the past three years. The Joint, the Scottsdale-based chiropractic-clinic franchisor, attained the second highest spot on the list, at No. 45. The company reported its revenue increased 5,962 percent during the past three years to $7.4 million. The Joint has 14 employees. BlueSquare Resolutions, a Scottsdale-based provider of secure payment processing to merchants, ranked No. 102. The firm reports posting a 3,458 percent increase in revenue since 2009. Rigid Industries of Gilbert is No. 151 on the list. The company makes LED lighting products and accessories for heavy-duty vehicles. Chandler-based CSI Powerline ranked No. 174. It provides...
Entrepreneur Magazine: August 2013: Sustainability Checklist
Q: How do I build a business that will last for decades? A: With very few exceptions, the answer to this question is the same for any small business, whether it’s looking to cash out in 50 months or 50 years. And it’s not really about costs; it’s about the structure of the business. Costs will flow naturally and efficiently out of a sound structure. Many public companies operate shortsightedly, pumping up their quarterly numbers to boost their stock prices, with sometimes disastrous long-term results. A business with an owner who measures growth and progress in years, not months, is a much easier ship to steer. Follow this basic checklist to increase your chances of growing for years to come–assuming, of course, that people want the product you’re selling. Establish strong financial controls. Doing so produces solid information for decision-making and reduces the risk of theft and fraud. Put simply, until you know where every penny’s going, your business isn’t on sound footing. Minimize distractions. As a CFO, I’ve seen firsthand how an owner, freed from daily worries over cash flow, can successfully concentrate on the future–building relationships, developing new products and services and overseeing other big-picture issues. Hire trustworthy and smart people to handle the details. They’re worth it. Increase sales. Obvious? Yes, but never forget that a larger company is inherently less risky than a smaller one. Read...B2B CFO® are media experts on, and can speak to the media on:
- - Company Financials
- - Small Business Finance
- - Lending
- - Profit/Loss Statements
- - Exit Strategy
