CFO2Go Blog

CFO Tip #6 – Find Additional Revenue Opportunities
You’d be surprised at where you can find additional revenue opportunities within your company.  Take an inventory of ALL your company’s assets.  Hardware, software, employee talents, company data and (my personal favorite) intellectual property.  We had one client who manufactured a piece of equipment and was able to license the blueprints and IP to another company for a few million…cash.  Where else can your company find additional revenue?

CFO Tip #5 – Talk to Your Banker
A lot of companies tend to avoid their banker in rough financial times and usually this stems from a sort of embarrassment about your company’s position.  Get over it, times are rough for everyone.  You NEED to be talking to your banker so they know where you stand.  Chances are your banker has other clients that are doing worse and they’ll be the first ones that the bank cracks down on.  The more you talk to your banker, the better your relationship and the more likely he/she is to HELP your survive.

Keep checking back for #4 & #3 next week, or subscribe to our RSS Feed!

This entry was posted on Monday, April 13th, 2009 at 4:02 pm and is filed under CFO Tips. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.