Is running a business any different?  Is there a way to know if you win or lose each day?  Each week?  Each month?  Each year?  The answer to all of these questions is yes, and I write about how to accomplish this in my recent American Express OPEN Forum Article: 4 Reports that will Keep Your Business Thriving.

Here is the bottom-line to this topic: if your business has a significant amount of inventory, then you need to take it seriously or it will impair your cash flow, your judgment, and your success.  My article highlights a few key ways to manage it before it manages you.

PLEASANT GROVE, Utah, Oct 13, 2009 – CFOwise founder, Kenneth A Kaufman, appeared as a guest on the Small Biz Trends Radio Show that aired on October 13, 2009 at 1:30pm EST. Ken was intereviewed on the following topic: Unlocking the Cash and Profit Hidden in Your Financial Statements.

Ken Kaufman stated, ”Anita Campbell has turned Small Business Trends into one the foremost authorities on starting and running a business.  It was an honor to be a guest on her weekly radio show.”  In addition, Ken mentioned that listeners to the program will have an opportunity to visit the CFOwise website to receive a free industry report.

Staci Wood, the Operations Manager at Small Biz Trends described Ken with the following excerpt,”In addition to his role as Founder & CEO of CFOwise, a regional Chief Financial Officer (CFO) firm with over two centuries of senior-level executive experience, Ken Kaufman also currently serves as the part-time CFO for a dozen start-up, emerging, and medium-sized companies in many different industries.  Ken will share the insights he has gained from helping entrepreneurs and small business owners use their monthly accurate and timely financial statements to drive cash flow and profitability to new levels.”

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About CFOwise With over two centuries of senior-level executive experience, CFO wise is the premier provider of permanent part-time CFO services to start-up, emerging, and medium-sized companies in the United States. For more information, please visit: www.cfowise.com or contact Kim Waldron at 801-380-5615.

About Small Business Trends Small Business Trends is an award-winning comprehensive online publication for small business owners, entrepreneurs and the people who interact with them. They offer a variety of features to help you stay informed about the small business market.

PLEASANT GROVE, Utah, May 21, 2009 - CFO WISE is proud to announce that its Founder & CEO, Ken Kaufman, will be a guest speaker in the Provo Technology Xelerator workshop series. Ken will be presenting three workshops that teach entrepreneurs how to drive their Profits, improve their financial health, and maximize their cash flow.

CFOwise founder Ken Kaufman commented on this opportunity to share his knowledge with others in the community by stating the following, “The Provo Technology Xelerator creates an amazing opportunity for the entrepreneurs who participate.  With the bestowal of scholarships, each entrepreneurial firm receives free office space and no cost mentoring and coaching in how to get their businesses off the ground and running.  I look forward to being a part of this exciting initiative.”

About CFOwise

With over a century of senior-level executive experience, CFOwise is the premier provider of permanent part-time CFO services to start-up, emerging, and medium-sized companies in the United States. For more information, please visit: www.cfowise.com or contact Kim Waldron at 801-380-5615.

About Provo Technology Xelerator Workshop Series

The Provo Technology Xelerator is a collaborative partnership of the Provo Business Development Corporation, the Technology Center at Novell, and Broadweave. The Provo Technology Xelerator helps emerging technology-based ventures to accelerate their time to profitability through facilitating access to money, markets, and mentors. Provo Tech X connects innovative ideas, talented entrepreneurs and experienced technicians with needed resources to create new technology-based companies. Provo Tech X is a catalyst of the entrepreneurial ecosystem of Utah Valley. For more information please visit: www.ProvoTechX.com .

The reason lies in the very format of the statement of cash flow. Cash flow is derived by taking NET INCOME for the period and adjusting it for the various non-cash and balance sheet account changes during the period. It is very uncommon that, once going through that calculation, the net income and cash flow will be the same in the same period. And if they are equal, it is almost always a matter of chance that have to do with working capital, capital expenditures, and financing activities during the period.

Why should we care? A company who runs their business purely on cash flow will make bad decisions. A company who runs their business only on net income will also make bad decisions. With both (and an accurate balance sheet), we have the tools to improve profitability and maximize cash flow. Do your competitors run their business in this way? You either need to level the playing field, or make this one component of your overall competitive advantage with your CFO Consultant.