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How a CFO Can Help Shape Business Strategy | Lawrence Chester | #38
How a CFO Can Help Shape Business Strategy Would you like the business experience of an entrepreneur, corporate executive and CFO without having to take on a full-time salary? You must join us for today’s Inside BS Show. On this show, Dave Lorenzo speaks with Lawrence Chester, the Founder and Entrepreneur behind CFO Simplified, an outsourced Chief Financial Officer for your business. Dave and Larry talk about a host of issues, including how your financial information should inform your business decisions and how busy executives can balance business and life. Chapters:
00:00 Introduction: How a CFO Can Help Shape Business Strategy
01:30 How Do Entrepreneurs Manage Business and Life?
04:00 Larry and Dave Discuss the Consequences of Mistakes in Entrepreneurship
05:20 Is Larry’s Financial Guidance Different Because He Has Corporate Experience?
07:15 Does Personality Play a Role When Larry is Assigning a CFO to a Company?
08:40 What Size Business Is Ready for a CFO?
11:30 What are the Different Ways Larry’s Team Can Help a Business Owner?
12:30 Who Needs a Full Time, In-House CFO?
14:00 How to Work with Larry Chester to Get Your Business Ready for Financing
16:30 Why You Need to Check with Larry Before You Add Staff or Office/Warehouse Space
19:30 Does It Make Sense to Enter a New Line of Business? Larry Can Help Answer That.
27:40 How Do I Make a Business Decision to Add Executive Staffing?
30:40 How Business Insight is Competitive Advantage for CFO Simplified
33:35 What Issues are Business Owners Struggling with Today?
36:00 What Can Business Owners Do to Help with a Seasonal Cash Flow Crunch? Lawrence Chester
President
CFO Simplified
(224) 436-1600
lchester@cfosimplified.com
https://www.cfosimplified.com/ About Larry Chester
Larry has served as a CFO for 25 years for companies including Colovos Company, Republic Windows and Doors, United Service Companies, and High Sierra Sport Company, helping them eliminate losses and improving financial operations and reporting.
Realizing that he enjoyed the challenges of helping companies that were working their way through a crisis, he joined a bankruptcy trustee for several years, analyzing the financial condition of client companies, and managing them through those difficult times. Soon after that, he struck out on his own, forming CFO Simplified’s team of CFOs. Since forming CFO Simplified, Larry has been involved in Business Turnaround, and Mergers and Acquisitions, in addition to Financial and Operations Management for his clients.
Larry is an intuitive businessman, able to grasp complex situations, driving to the heart of the matter, while helping to develop creative solutions to problems. His greatest pleasure comes from working with an owner to help his company develop tighter internal controls and greater profitability. In doing so, they work together, guiding the company to smoother operations and a stronger financial position.
Larry lives in Highland Park, IL, where he holds court for his three daughters and eight grandchildren.
About The Inside BS Show: Are you the kind of person who needs the inside scoop about everything? Have you wondered how some people become successful while others languish? Do you want the insider business secrets? Join business consultant Dave Lorenzo for frequent shows on marketing, sales, business strategy, and all the big secrets THEY don't want you to know. This show will entertain you with great interviews, help you make more money, and give you the inside scoop on all the best secrets most people never share. Warm regards,
Dave Lorenzo
Revenue Growth Expert
Toll Free: (888) 444-5150
Miami, FL: (786) 436-1986
Email: DLorenzo@DLorenzo.com
Website: DaveLorenzo.com | 