How Fiscally Fit Is Your Company? Just Say Ah! In Stick Out Your Balance Sheet and Cough, Gary Patterson details for the first time the proven methods he has used to successfully treat companies of all sizes across a range of industries from a startup purchased by IBM to a public technology company sold to eBay to an Inc. 500 consumer goods manufacturer to an international Fortune 500 firm. Offering tips to stanch the internal financial bleeding and providing a daily regimen for ensuring your company's financial health, the FiscalDoctor's prescription is clear: Give your company an overall checkup to gauge its condition. Diagnose problems by reviewing your financials and operations. Implement a treatment plan using Best Practices from world-class successful companies. Create a wellness program to prevent future fiscal crises. Using the FiscalDoctor's Best Practices, the high-growth company you own, manage or direct can avoid unnecessary increased expenses, revenue shortfalls, employee layoffs, missed bonuses or broken dreams. So open this book and say Profit.
What's the cost of what you don't know when you aren't hitting your numbers and your employees are full of excuses. In these turbulent economic times when risk is a guaranteed certainty, Gary Patterson unlocks the "hidden risks" that could topple even the best of companies. Even before Bernie Madoff, he saw companies struggle, even die from self inflicted risks they unknowingly took. To this end, Patterson helps companies develop and implement an ERM strategy to ensure a company's long-term financial growth. Patterson offers a commonsense approach to risk management that unlocks added value for existing or new ERM programs, both identifying formerly invisible opportunities and revealing key risk areas executives unwittingly take.
For example, in this rapidly accelerating world where layers of management and large numbers of employees have been fired or their work outsourced, decision makers are under siege. After adding factors like silo-thinking departments, inadequate reporting systems, and a challenging global economy, companies are taking far greater risks than CEOs and C-suite officers and their boards are aware of. Examples of risks can range from inventory mismanagement, outdated and/or incomplete financial reports, and false accounting assumptions to external forces like misreading the market, losing competitive advantage, and missing opportunities.
And as another point of WIIFM, you will find you can implement a basic version of this which can make you more money, including saving your bonus in some future year, or maybe this current year.
Gary W. Patterson, The FiscalDoctor(R), is a Stanford MBA and Big-4 CPA with 30 years' experience working with traditional and emerging industries. Specializing in manufacturing, finance, systems, and operations, Patterson works with CEOs, board members, executive teams, private equity investors, and entrepreneurs to help them identify overlooked opportunities and manage the risk factors that negatively affect their companies' bottom line.
Patterson is the author of Stick Out Your Balance Sheet and Cough: Best Practices for Long-Term Business Health, and he speaks widely on enterprise risk assessment and risk analysis, corporate governance, and the bottom-line impact of going green
