C-Level Executives: Strategy How to Improve Margins on Your Income Statement
Enterprise Risk Management (ERM) expert and speaker Gary W. Patterson, president and CEO of FiscalDoctor®, asks: Have you ever observed that it seems that every five to ten years something traumatic happens in the economy or your industry? Just as bad is the situation that happens when your business gets a little complacent or myopic by offering too many products whose profit margins have narrowed over time. When this happens, a company may find itself in a double bind because it lacks the cash flow to develop new products that have high margins. There’s the rub: Without cash and strong bottom line profits, a company lacks the financial resources to put new products into your pipeline.
This download also discusses income statement critical areas that you should examine more closely to help you gain insight into your income statement. And stories.
More details are included in Understanding Income Statements with The Fiscal Doctor which is also Part 2 part of his audiobook Fiscal Fitness System series audio. The Fiscal Fitness System: Understanding Balance Sheets, Income Statements, and Cash Flow (Made for Success Collection) http://t.co/VJHjdfk
Or consider, the FiscalDoctor’s Fiscal Fitness Service, which includes a thorough analysis and review of financials and systems to identify risks and opportunities, and promises “you will receive 10 strategic recommendations that will provide a framework for the challenges inherent in growing your company.” Find the lack of information creating your million dollar blind spots in time to make better business decisions.
About Gary W. Patterson
Gary W. Patterson, president & CEO of FiscalDoctor®, works with leaders who want to uncover blind spots so that they can make better decisions. He has helped companies spanning supply chain, high tech, transportation, construction, and service industries. Patterson is a well-known speaker on enterprise risk management (ERM), operational risk management (ORM), strategic budgeting, risk assessments, leadership, and change management. His forthcoming 2012 book is titled Finding Your Million Dollar Blind Spots: What the CEO Needs to Know and Doesn’t: The Why and How To Tell Your CEO”.
For more information on the FiscalDoctor, visit his website at www.fiscaldoctor.com. Patterson also offers a "free" fiscal fitness test at www.fiscaldoctor.com/fiscaltest.html. He can be reached at 678-319-4737.
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