by Patty Lawrence | Business Management, Cash Flow, Financial Analysis, Knowledge, Risk Mitigation, Uncategorized
“The thief, as will become apparent, was a special type of thief. This thief was an artist of theft. Other thieves merely stole everything that was not nailed down, but this thief stole the nails as well.” ― Terry Pratchett To a lot of business owners, theft seems...
by Patty Lawrence | Business Management, Financial Analysis, Risk Mitigation, Uncategorized
According to a 2016 study by Hiscox, 80% of embezzlement and fraud occur in small businesses – which they define as fewer than 150 employees, for reference. 30% of these fraud cases involved a loss greater than $500,000. A 2018 update of that same survey found...
by Samantha | CFO Services, Internal Controls, Risk Mitigation
Most business owners and entrepreneurs don’t want to talk about it – it’s embarrassing, a hit to the ego. We see stories about it on the news and read about it online. I’m talking about embezzlement and theft. It’s a dirty little secret everyone wants to sweep under...
by Patty Lawrence | CFO Services, Risk Mitigation, Strategy
How many disasters have we had recently? A bunch of hurricanes last year and wildfires in the West, not to mention government shutdowns. If you encounter setbacks like these, you may have to deal with issues like lost revenue, extra expenses, reduced profit, and...
by Patty Lawrence | Budget & Forecasting, KPI’s, Risk Mitigation
If you’re like many entrepreneurs and business owners I talk to, you probably ask yourself, “what’s all this fuss about a budget? I know what’s going on with my business.” While that may be the case at this particular moment, what about the plan that is in your head...
