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Financial Risk Management: Small Business Advice from a CFO

CFO Share

Business owners focus mainly on reward (profit), which is easy to measure, while tragically few entrepreneurs look back on a month with low profits and say, “well, at least we managed our risks properly.” Despite the general preference to focus on profits, financial risk management is crucial to long-term success.

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Budget Preparation Process: Full Step Guide

Spreadym

Create a Revenue Forecast: Estimate your expected income sources, including salaries, sales revenue, investment income, grants, or any other sources of revenue. Industry Trends: Industry-specific trends and market conditions can affect pricing strategies, sales forecasts, and overall business strategy.

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Restructuring Compensation And Roles To Align For Growth

CFO News Room

Cean: No, we usually want to make sure that we’re hitting on risk management, so we look at insurances. And the four pillars are the financial plan, risk management, so just checking all their what-if scenarios that something…a husband dies, wife dies, long-term care, disability. Cean: Yeah. Cean: Yep, yep.

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Chapter 11 Watch: Tough Times For Uniqlo, PacSun Gets Lucky

PYMNTS

Normally, the week’s headlines are filled with merchants stuck in a death spiral of slow sales and lackluster supply chain management. Despite originally filing for bankruptcy back in April, surf chic apparel retailer PacSun has now filed documents canceling the expected sale of its assets.

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So Far, 2016 Is A Boom Year For Retail Bankruptcies

PYMNTS

From 2009 to 2013, same-store sales increased by marginal amounts in 2011 only and decreased by 6 percent in 2009, 10 percent in 2012 and 4 percent in 2013. In 2007, Hancock Fabrics filed for Chapter 11 bankruptcy protection and closed more than a 100 stores in a year-long restructuring process. As of Feb.

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Chapter 11 Watch: Retailers Head Back To School, Jewelry Loses Its Shine

PYMNTS

The dog days of summer are finally upon the retail world, and if department stores didn’t take the spring and early summer to make up for the slow sales of a warm winter, it might be too warm and muggy to do much about that now. Going-out-of-business sales began the next day, with some merchandise discounted by up to 40 percent.

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Chapter 11 Watch: Sports Authority Sends Shockwaves, Gap Pulls Back

PYMNTS

Sports Authority is officially gearing up to begin a widescale going-out-of-business sale that could see metric tons of low-priced, ready-to-move athletic apparel flood the market. this is a fire sale of the highest order. With upwards of 460 stores spread across the U.S.,