 Greetings! Welcome to the August edition of the SoCal B2B CFO® Newsletter. This newsletter is intended to be a resource for both business owners and their professional advisors. The SoCal B2B CFO ® partners listed below work both independently and collaboratively to help owners of privately held emerging and mid-size businesses achieve higher levels of success.
In the news...
The U.S. Treasury Secretary Jacob Lew has announced that the federal borrowing limit will be exceeded in mid October. As you may recall, there have been two recent rounds of debt ceiling increases, one in 2011 and the most recent just this past winter. The White House has stated that they are unwilling to negotiate any changes to the Affordable Health Care Act as part of the debt ceiling negotiations. The House Republicans have announced that they will not consider raising the debt ceiling without changes to the Act. A good Bloomberg/Business Week article summarizing why we should all be concerned can be found here.
B2B CFO® once again was awarded with an Inc 500 award for being one of the 5,000 fastest growing businesses in the U.S. This is the fourth year in a row that B2B CFO® has received this honor. For more information on B2B CFO®'s award, click here.
Southern California Region Partners
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Chino Hills | 909.732.4917
andyanderson@b2bcfo.com
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Long Beach | 562.370.0125
jbateman@b2bcfo.com
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San Dimas | 626.332.4943
loucaron@b2bcfo.com
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Aliso Viejo | 949.273.2149
scottcosper@b2bcfo.com
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Irvine | 949.689.0642
jimdoty@b2bcfo.com
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Orange | 714.271.2860
jimethell@b2bcfo.com
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Yorba Linda | 714.310.4848
rfrasier@b2bcfo.com
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La Jolla | 760.272.5100
davegajdzik@b2bcfo.com
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Westlake Village
rglickman@b2bcfo.com
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Bonsall | 858.546.4363
marylay@b2bcfo.com
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Woodland Hills | 818.436.0781
chasemorrison@b2bcfo.com
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Orange | 714.458.8717
joliver@b2bcfo.com
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Pacific Palisades | 323.697.8566
peterrogers@b2bcfo.com
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Mission Viejo | 949.922.1033
gsimmons@b2bcfo.com
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La Quinta | 714.342.9034
brucesteever@b2bcfo.co
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Ventura
allenurban@b2bcfo.com
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| Financial Intelligence -- What's Your IQ? |
Owners do not start their businesses hoping to spend a lot of time doing accounting and finance but rather doing what they do best. All owners, however, need to have a high enough level of financial intelligence to know they are making the best possible decisions for their business. In addition, the more financial intelligence their employees have, the better the decisions of the organization will be as a whole. (read more)
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Six Steps to Selling Your Business
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If you are a typical small business owner, you spend more of your time working on today's issues than tomorrow's potential. That may keep the doors open for now, but what about when you are ready to retire, or no longer have the will or energy to run your business?
As mid to large businesses grow, owners typically realize they will need to find a way out, but most small business owners do not have an exit strategy. Rather than simply selling inventory and closing the doors, the suggestion is that small business owners can increase their wealth by capitalizing on the goodwill or customer base they have built up. Here are some basic business practices that many entrepreneurs overlook, but can help keep the company buffed up and ready for the marketplace. (read more) |
