My name is Michael Barbarita and the name of my company is Next Step CFO. At Next Step CFO we provide Chief Financial Officer Services. You see, companies from start up to 10 million in sales cannot afford nor do they require the services of a full time CFO. We provide Cost effective CFO services on an as needed basis. I am an entrepreneurial CFO with over 25 years of experience in owning retail manufacturing and service companies. I truly understand the risks of business ownership. I understand what it feels like to have to make a payroll on a Friday with no money in the bank account on Wednesday. I know what it feels like to see employees sitting around or being disruptive. I know what it feels like to have a lot on the line. What are CFO Services? Well as I go through these CFO services please keep in mind that you can choose one of them, some of them or all of them and at any time. You certainly do not have to do everything at once. That is the beauty of the flexibility of having a Part time CFO. And remember, I am hands on. I work in your office in real time. And now for the services…. I make sure you have good financial numbers. Making business decisions without good numbers is like a Doctor making a decision to operate on your ankle without X-rays. It simply shouldn’t be done. So the first thing I do is if your numbers are not right I make them right. I also Identify, assess and mitigate risk. Whether you are Microsoft or the local Laundromat your business has risk. The question is how severe are those risks. You and I will work together to Identify the risks in your business. I will also assess the severity of that risk and if severe I will suggest actions to mitigate the risk. Severe risks in your business could be cash flow problems, low or no cash reserves, the need for financing, employee risks, inventory obsolescence risk, legal risk and personal liability risk. I will help you Identify, assess and mitigate risk. I tell you when it is cloudy not when it is raining. Business Owners hate surprises. They need to be prepared so they can review options and have time to fix whatever needs to be fixed. The last thing business owners want to do is go into fire drill mode and have no time to react. I developed an exclusive forecasting and modeling tool called CashTell. CashTell is used exclusively by Next Step CFO and gives the business owner the needed foresight to take action. CashTell gives the business owner the time to react to both downturns and upturns in their business. Click the CashTell link on the Navigation Bar of our website to learn more. I also help you determine and develop metrics to evaluate your business. Metrics are quantitative parameters that help you evaluate the performance and productivity of every aspect of your business. Metrics are a terrific management tool and I will show you how to determine and develop the right metrics for your business. I also help you Drive results, contribute to business development, help shape your financial strategies, identify employee theft, improve controls and processes leading to operating efficiencies and also help you develop and execute exit strategies. After all someday you will be separated from your business. I will work to make it a great day. It is important to note that I work free of charge while I learn about your business. As a fellow business owner, the last thing I want to do is pay someone while they’re learning about my business. It all starts with a free consultation. So please give me a call at 781-326-3822 and let’s start working on improving the financial health of your business. Thank you for listening.
Feeds for Cash Flow Management [Information from Next Step CFO a Part Time Chief Financial Officer ]

1. First Step In Starting a Business
Information on the challenges on Starting A Business

2. Cyber CFO Podcasts
Michael Barbarita has prepared several podcasts giving business owners information and solutions on the many challenges in running a business

3. Core CFO Services
What a CFO does can really be simplified into 3 core Services

4. Information From a CFO
A Little Brick and Mortar Mixed with the Virtual at CPA for Small BusinessAs I discussed in my last post, CPA for Small Business, LLC has experienced quite a bit of growth the last two years and that the volume of work has been high over the last twelve months. As a result,... (read more)Clients [...]

5. CFO Information
No Turning BackSmall businesses are more pessimistic about the economy. (read more)Oversold Today, Undersold TomorrowThe short-term impact of cloud computing is probably overstated, but its long-term impact is underestimated. (read more)Building a Playpen for DerivativesEconomist George Akerlof argues for more derivatives regulation. (read more)Why the SEC Settles for SettlementsAllowing companies to opt for "neither admit [...]

6. Cash Flow Management
Cash is the lifeblood of any business. Without cash a business cannot survive. Two critical services performed by the The Part Time CFO are: 1. Solving Cash Flow Problems 2. Forecasting Cash Flow Cash Flow Problems are caused by: Too much inventory. Too much salary to owner or too many withdrawals by owner. Doing business with [...]

7. CFO Services
Bookkeepers and the CFO Work Great TogetherI had a prospective client/business owner recently who was ready to hire me. He said before he hired me he had to ask his bookkeeper their opinion. The bookkeeper had not met me and did not know me and although I thought it was a strange way [...]