To Hit the Sweet Spot of Your Business, Team Up with a CFO on the Spot.
Nick Wolpert, an expert in financial and accounting services, introduces a game plan that allows you to outsource the accounting and financial operation of your business while still maintaining complete control.
Online, May 26, 2010 (Newswire.com) - Dallas, TX - Running a successful business operation in today's economy is like hitting a homerun in baseball. It's all about control and balance. There are generally three scenarios when a batter steps up to face a pitch: strike, foul ball, or homerun. If the batter swings at the ball closer to the bottom end of the bat (the grip of the bat), then the force of the incoming pitch will likely outweigh the rotating force of the bat - a strike. If the batter hits the ball closer to the top end of the bat, then the rotating force of the bat will likely outweigh the force of the incoming pitch - a foul ball. But there is a spot along the bat where the force of the incoming pitch is completely balanced out by the rotating force of the bat. This is called the sweet spot. Many homeruns come as a result of the ball hitting this sweet spot.
Hitting the sweet spot of your business operation in today's economy is no walk in the park. According to Patricia Schaefer of Businessknowhow.com, a lack of expertise in areas such as finance is a top reason why most small businesses fail (The Seven Pitfalls of Business Failure, 2006). Recently, The Wall Street Journal's Emily Maltby reported that as a result of the growing pains in today's economy, many small business owners are eager to cultivate a relationship with local banks or lenders. These local banks prefer working with referrals from the business owner's CPA and expect the business to provide financial information regularly (Three Best Ways to Court a Community Bank, 2010).
So how can you balance the force of managing your financial information regularly with the force of managing other aspects of your business operation? Can you achieve such a balance and still maintain control? To hit the sweet spot of your business operation, you can team up with your very own Chief Financial Officer that understands your business. "My clients are able to bring a CFO on the Spot when they need it," says Nick Wolpert, the President/CEO of CFO on the Spot. CFO on the Spot can assist you in managing your financial and accounting needs on a one-time basis or on an ongoing basis. "My clients understand who I am and how I can help because the first thing I do is educate them, I provide clients options," says Wolpert.
About Nick Wolpert:
Nick has over 15 years of expertise in a wide variety of business sectors such as construction, manufacturing, software, non-profit, retail, distribution, and real estate.
He is a former auditor with McGladrey and Pullen, specializing in manufacturing, technology, real estate, non profit and service industries. He has served as the Chief Financial Officer of Decker Industries, a manufacturer of bulk material handling equipment. He served as Controller of Omega Properties, a leading property management firm providing property management and contracting services to single family landlords in the Dallas Fort Worth market. He served as Vice President at Allegiance Capital Corporation, a premier boutique investment banking group serving shareholders of closely held corporations and family businesses. He served as a Principal at Amerimark Capital specializing in mergers, acquisitions, corporate finance and valuations.
Nick has a very strong entrepreneurial background founding two companies, El Socorro, S.A. and The Neighborhood Cleaners. He spent two years in Guatemala serving as a senior executive to El Socorro, S.A. a Guatemalan-based textile company. Nick also served as President of The Neighborhood Cleaners, a start-up he successfully built into a multi-store chain of retail dry-cleaning stores in the Midwest. You can activate your game plan with Nick today at http://www.cfoonthespot.com
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