Thu.May 04, 2023

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Kitces & Carl Ep 111: Who To Hire First As Your Advisory Firm Grows (And Why Do You Even Want To)

Nerd's Eye View

One of the biggest challenges faced by solo financial advisory firm owners as their firms grow and encounter capacity issues is deciding whether (and when) to hire an employee. While hiring staff members can offer a helpful lift in reducing capacity constraints for the firm owner, it also comes with its own burdens such as managing, training, and supervising employees, which many firm owners may have never considered when first launching their firms.

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Peloton predicts cash flow pressure after $75M Dish settlement

CFO Dive

The cost of the patent settlement, plus related expenses, is expected to “significantly pressure” Peloton’s free cash flow for its fiscal fourth quarter.

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Trending Sources

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What Does ERP Do for a Business? A Comprehensive Guide

Navigator SAP

To thrive in today’s increasingly complex and competitive business environment, professional service companies must implement systems that allow them to easily automate, streamline, and scale business processes.

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Oracle: Peering inside AI’s black box

CFO Dive

Finance professionals continue to apply a “trust but verify, or maybe don’t trust and verify” mentality when it comes to AI adoption, Oracle’s Hari Sankar said.

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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Want More Jobs? Raise the Minimum Wage

Barry Ritholtz

I have been writing about issues with the minimum wage for (it seems like) decades. During that time, consuming lots of academic research, I reached a few logically supported conclusions. The least contentious of which is that modest increases in minimum wages increase economic activity and create jobs. But there are other surprises around the minimum wage.

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More Trending

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India, US approaching end of current rate hike cycle : Analysts

CFO News

Analysts said the US Fed's decision is going to be positive on rupee and give more elbow room to RBI's likely decision on interest rate as in both countries rates may have peaked up leaving little or no scope for any further rise.

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SVB’s fate shines spotlight on company culture

CFO Dive

SVB lost a number of employees following its acquisition by First Citizens. Some M&A targets may not be the best fits.

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India Inc's another aviation business crash lands

CFO News

Go First airline, which filed for bankruptcy this week. Making the first move to file for bankruptcy may help Go First but perhaps not its lenders.

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Is the Bear Market Over?

The Reformed Broker

Hopping on Ask The Compound (formally known as Portfolio Rescue) with Ben and Duncan at 1:30pm ET! Tune in as we discuss loan prepayments, bear market exhaustion, spending v saving, and more! Submit your questions to askthecompoundshow@gmail.com for a chance to be featured! Listen here: Apple podcasts Spotify podcasts. The post Is the Bear Market Over?

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Planning Your Restaurant's Path to Profitability

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

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Transactions by CA, CS for clients now under ambit of money laundering law

CFO News

The new rule aims at curbing fraudulent practices by which accountants allegedly help their clients to launder money.

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The Role of the CFO in the Age of AI | Mike Ettling, CEO, Unit4

CFO Thought Leader

GUEST: Mike Ettling, CEO, UNIT4 CEO Mike Ettling explains how CFOs must guide their peers on the leadership team to focus on areas where AI can improve their company’s “outputs” Unit4’s CEO emphasizes that the CFO’s role must be about identifying opportunities for improvement and guiding other leaders in the company on how AI can be used to achieve these improvements.

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How can the beyond budgeting approach help increase profit?

Spreadym

Beyond Budgeting is an approach to management that challenges the traditional budgeting process and promotes a more flexible and adaptive approach to organizational planning and control. The traditional budgeting process is often seen as bureaucratic, time-consuming, and focused on meeting targets rather than delivering value. Beyond Budgeting seeks to overcome these limitations by emphasizing principles such as transparency, accountability, and autonomy.

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Masterpiece Painting Testimonial

Focus CFO

"While he is an expert at the numbers and always gave us sound financial guidance, Jim was just as astute at being mindful of the human aspect of running a business. He saw us, our employees, and our clients as individuals, and that made all the difference.

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How Automation is Driving Efficiency Through the Last Mile of Reporting

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

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Apple CEO sees India at 'tipping point' as China pivot quickens

CFO News

Cook, who presided over the opening of Apple’s first two Indian retail outlets last month, joined his lieutenants in mentioning India roughly 20 times on an conference call after unveiling earnings. The company posted record sales for a March quarter in India, reflecting its increasing reliance on the market to galvanize overall growth.

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ESG activities correlate to stronger financial performance: Bain

Future CFO

ESG activities, regarding sustainability, diversity and employee satisfaction, correlate with stronger financial profitability and growth for private companies, said Bain & Company recently. The study titled “Do ESG Efforts Create Value?” was jointly conducted by Bain & Company and EcoVadis to assess how ESG activities and outcomes have impacted 100,000 companies, of which 80% are private.

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Consumer companies hit hard as summer products take a rain check

CFO News

Sales of summer products like air-conditioners, refrigerators, beverages, and ice cream have dropped by up to 26% YoY since mid-March in the North of India, which accounts for more than half of the sales of these products due to unseasonal rain causing a cooler climate.Pushing inventory up for marketers, sales have reduced even though they expect a revival in sales later this month, which has left them worried about meeting summer targets.

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Higher ROI with NetSuite: NetSuite Integrations Guide

Lime Light

How to Maximize the Value of Your NetSuite Integrations If you’re using Oracle NetSuite as an ERP, you’re familiar with the robust host of features that make the platform a high-value addition to your organization. But what if I told you that, with a few simple Oracle NetSuite integrations, you could exponentially increase the ROI of your NetSuite.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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Taxman has a 'benami' key to exhume deals assumed long done and dusted

CFO News

Indian tax officials, looking into suspected benami deals, are pressing wealthy individuals about transactions that occurred long before the Benami Transactions (Prohibition) Amendment Act came into force in November 2016. Ironically, even though India's Supreme Court ruled in August last year that the law couldn't be applied retrospectively, tax officials still have powers to call for information about legacy deals that could be subsequently used to invoke harsher legislation under the Preventi

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85: What Is FedNow?

Strategic Treasurer

Session 85 Coffee Break Session: What Is FedNow? Welcome to another Coffee Break Session! In this episode, Paul Galloway and Jason Campbell discuss the Federal Reserve’s new instant payment infrastructure, FedNow. We are two months from the official release of this new service. Let’s hear from Paul and Jason on what this service does, how it differs from its traditional alternatives, whether it supports payments outside the US, and some things to consider before we start using FedNow.

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Meesho lays off 251 employees to 'achieve sustained profitability'

CFO News

Homegrown social commerce platform Meesho on Friday said it has laid off 251 employees, constituting 15 per cent of the workforce, in order to "achieve sustained profitability"

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CFO Pros on the Move: April

The Finance Weekly

For some, becoming the chief financial officer of an organization remains their ultimate career goal. But today the position looks very different from the way it did even 10 years ago. Now, more than ever, the decisions made by the CFO are likely to affect the performance of the entire organization. Naturally, it takes a certain amount of experience to become head of finance.

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Accounting Software and ERP Readiness Guide

In this white paper, we explore the factors to consider in deciding whether the time is right for your Company to consider a new ERP or accounting software, the total cost of ownership and plans necessary to make the potential leap to these systems.

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CAs, CSes worried about new tweaks in anti-money laundering law

CFO News

Chartered accountants, cost, and works accountants in India are concerned about the new regulation that would place them under the strict anti-money laundering law when they enter into financial deals on behalf of their clients.The regulation has been introduced to beef up requirements under the Financial Action Task Force.

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Clips From Today’s Halftime Report

The Reformed Broker

Final Trades: Shake Shack, Bunge & more from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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Go First seeks interim directions from NCLT to restrain lessors, DGCA from taking adverse action

CFO News

Wadia group-owned Go First on Thursday sought various interim directions from the National Company Law Tribunal (NCLT) which included restraining lessors from taking back aircraft and regulator DGCA from taking any adverse action against the crisis-hit airline.

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10 Thursday AM Reads

Barry Ritholtz

My morning train WFH reads: • You’ve Heard About Behavioral Finance. But What About Physical Finance? Research suggests a fascinating link between the physical world and how investors price stocks. ( Institutional Investor ) • The real reason Mexico suddenly dominates global beer exports : Today, Mexico ships out more than twice as much beer as any other country and single-handedly accounts for 30 percent of the world’s entire export-beer market, according to Geneva-based trade statistics provid

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Recruit and Retain New Blue-Collar Talent

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.