• The Budgeting Two-Step

    It was never my intention to mix finance and religion. But I got drafted – 26 years ago when the pillars of my local church discovered that they had a practicing CFO among their parishioners. So it has come to pass that ever since then I have been a member of a kaleidoscope of good…

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  • Taking Stock

    When I closed my eyes and just listened to the conversation, it was 40 years ago in the fourth floor walk-up that the four of us shared in Allston. Here was Johnny’s in-depth analysis of almost any business subject; Jim’s minute-by-minute assessment of the vagaries of the stock market; Mark’s perspective on the woes of…

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  • Potholes in the Road to the Bank

    The recession has shifted the buyer-seller negotiation in favor of the buyer. Competing for the order seems to involve ever-more concessions by the seller. Even closing the sale doesn’t mean that the race is over. The baton gets relayed from sales to finance, and until payment clears there are a lot of potholes in the…

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  • An Afterthought Waiting to Happen

    New companies tend to be started by product people (“I have a better idea”) or marketing people (“I can access the market better”). As they build out their management team they add a senior developer, a sales manager, and administrative experience, usually including a bookkeeper or an accountant. As the company grows, the leadership team…

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