Posts by

Tom Anderson

Family Business Financing Misconceptions: 7 Myths

By Tom Anderson / February 13, 2024

Here are 7 of the most powerful financing myths we’ve encountered in our years as family business consultants…

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Creating an Annual Profit Plan for Your Family Business

By Tom Anderson / January 23, 2024

The key to a truly effective annual plan is tying it into your long-term strategic vision. Annual profit planning is a key tool in your toolbox for family business prosperity.

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Five Tips for Finding the Right CPA Audit Firm for your Family Business

By Tom Anderson / November 7, 2023

A good CPA firm will not only help you navigate the process, but also provide independent, objective feedback.

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Five Tips for Setting up a Family Business Line of Credit

By Tom Anderson / October 23, 2023

Five essential steps for responsibly setting up a business line of credit to best serve your your family business needs.

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Understanding Business Risks and How to Manage Them: A Guide for Family Businesses

By Tom Anderson / August 22, 2023

Cross-functional risk management is a vital for any organization that wants to achieve its strategic objectives and avoid costly failures.

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What if Finance and Accounting was a Profit Center? 5 Ways Your CFO Can Make You More Money.

By Tom Anderson / July 18, 2023

Discover 5 ways finance and accounting can transcend their “cost center” label and become drivers of profitability.

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Finding the Right CFO for Your Family Business: Essential Requirements and Interviewing Tips

By Tom Anderson / June 19, 2023

A good CFO will act as a strategic advisor to the business owners, providing insights and recommendations to support the family’s long-term goals. As one of the top two or three senior leaders in most businesses, it’s essential that you identify and hire the right person!

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Aligning Vision and Performance: Using a Balanced Performance Scorecard and Incentive Programs to Drive Results

By Tom Anderson / May 15, 2023

Want better alignment? Consider an incentive program to encourage behaviors that drive long-term value for shareholders. Here’s how to do that.

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How to Use Management Reporting to Drive Greater Profitability & Shareholder Value

By Tom Anderson / April 10, 2023

When you have a clear understanding of the company’s financial health and the impact of management decisions, you can make informed decisions that lead to success.

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