• The Sky Is Not Falling

    Budgeting for an economic downturn is a new experience for many small company managers. What last year might have been the worst-case scenario could be this year’s starting point. In the current economic environment, budgeting by most smaller firms for 2009 is about calmly resetting expectations, thoroughly playing out the implications, and confidently ignoring those…

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  • What’s To Bank On?

    “Too big to fail” is what they said. Then they started tumbling: Bear Stearns, AIG, Lehmann Brothers, WaMu, Wachovia. So what’s next? Where do you put your operating cash when only the first $250,000 is insured? And where do you go to finance your growth? What is there to bank on these days?

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  • Writing for Money

    It’s not always the numbers that are the critical variable in the life of a chief financial officer. In fact, to be successful, any financial manager has to develop arguments that transcend the numbers and to communicate his or her recommendations effectively in order to contribute to operating decisions that make financial sense. In this…

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  • When the Goodwill Is Personal

    “I don’t understand,” said 13-year-old Noah over breakfast last Sunday. He’d just seen a replay of one of his favorite Red Sox players, Manny Ramirez , hitting a two-run homer for the Los Angeles Dodgers to spark their Saturday night victory. “The Sox just gave him away. They’re even paying his salary for the rest…

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