Ken Kaufman
For more than a decade Ken has built a reputation as a leader who is respected for his integrity, work ethic, and commitment to lifting people and companies to new levels of achievement. Ken has served in several leadership roles, including CFO, COO, VP of Administration, and VP of Sales, in start-ups, mid-stage companies, and large multi-national corporations. His experiences cover a variety of industries, including construction, real estate, financial services, business services, medical/dental, manufacturing, telecommunications, distribution, retail, internet services & SaaS, market research, and outsourcing.
In two of his executive roles, Ken helped a start-up grow to over $100 million in annual sales in just four years and he helped a medium-sized company almost triple its operations, quintuple net income, and sixtuple cash flow in just three years. Ken has served as a court-appointed receiver and has negotiated “workout” proceedings for several insolvent entities. He was recognized as the top producing manager in a Fortune 500 firm. He has developed and presented numerous business plans and financial models/forecasts that have successfully obtained the debt and/or equity financing required for growth.
Ken earned a B.S. in business from BYU and an MBA from the University of Georgia in finance, entrepreneurship, and risk management/insurance. His peers selected him as the most outstanding MBA student in his graduating class. Ken is a published author on business and finance topics and he has taught business/accounting/entrepreneurship courses as a part-time faculty member at UNLV and UVU. He was included in the Utah Business and Utah Valley Business Q's 2010 Top Forty Under 40 list of rising entrepreneurs and executives and vSpring's 2010 v|100 list of the 100 top venture entrepreneurs.
Throughout his career, Ken has continually served his community by serving in his church and the Boy Scouts of America. Ken is an active member of the Utah Valley Entrepreneurial Forum. He serves as the Treasurer of the Young Founders Organization of the BYU Center for Technology & Entrepreneurship and he regularly mentors BYU business students, especially those that want to start a business. He lives in Pleasant Grove, Utah with his wife, Angela, and their six children.
Ken founded CFOwise in 2006 and currently serves as its CEO.
Ken is a Utah CFO.
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Posts by Ken Kaufman:
May 31, 2010
A few weeks ago I came across a blog post that mentioned all of the blogger’s favorite blogs and online resources for his passion. This sparked an idea for me – why not list and give a little commentary on some of the blogs and other websites I frequent to fuel my passion for helping [...]
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May 26, 2010
The OPEN forum recently published my article: Solve the Mystery of Staffing Your Accounting Department. Share This:
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May 24, 2010
About 4 years ago I was approached by a man who wanted to give me some feedback – and none of it was positive. Share This:
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May 17, 2010
When a business first starts, the founder is focused on getting customers. Once that starts to happen and cash-in starts to exceed cash-out each month, the founder is quick to shed bookkeeping, cash management, and other administrative tasks to someone else. The person hired to take all of this on quickly begins to wear many [...]
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May 11, 2010
On a recent stroll down memory lane, I came across the following speech I gave at the graduation ceremony for my MBA class from the University of Georgia. The speech was delivered on May 9th, 2003, and here is it for your enjoyment, just as I gave it 7 years ago: Share This:
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May 8, 2010
I have looked at a lot of financial statements over the last five years from at least 250 different companies in almost every industry imaginable. They all had one thing in common – they were, in some way, wrong. This is a major challenge of most start-up, emerging, and medium-sized businesses. Share This:
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May 7, 2010
How do you write about inventory management in an interesting and compelling way? I made an attempt with a comparison to Hoover Dam in my most recent article on American Express OPEN Forum: Share This:
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May 4, 2010
Entrepreneurs, by their very nature, are usually very skilled at figuring out how to create opportunities out of even the most dire of circumstances. They regard health care reform no differently. Now that the dust has settled on this new legislation and employers are waiting to see what else transpires between now and 2014, let [...]
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April 24, 2010
I was recently asked this question – “What is your definition of success?” I thought back to a few conversations I had with an entrepreneur a few years ago and his issues with the word “success.” Share This:
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April 19, 2010
I have seen it happen over and over again. Entrepreneurs and business owners hire people and then they grow to like them. They build a culture of family and they genuinely feel a sense of pride in and responsibility for providing employment and security for so many families. Then, when times get tough, they struggle [...]
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April 14, 2010
I had a lot of fun writing this article for American Express OPEN Forum. Feel free to visit it at: 5 Things You Should Never Tell an Investor Share This:
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March 31, 2010
My most recent post at American Express OPEN forum is about how a business owner or entrepreneur knows that it might be time to hire a Chief Financial Officer (CFO). Share This:
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March 22, 2010
I have spent a lot of time recently reviewing, updating, and implementing financial projections into various businesses. These activities prompted me to write the following article for American Express Open Forum: 4 Secrets of Meaningful Projections . The main take-aways include the need to make them real and the need to use them. Completing them [...]
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March 16, 2010
Again, my blog-writing time has been devoted to writing for the American Express OPEN Forum website. Here is my latest article that published on their website earlier today: 40 Tips to Accelerate Cash Flow. Share This:
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March 10, 2010
Some of my blog writing time has been directed to fulfilling a request to provide articles for the American Express Open Forum®. The first one is titled “3 Components of Financial Clarity” and it went live on their website yesterday. Share This:
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