I started a fractional CFO company this year called Resilient CFO. 95% of the time I would meet with business owners about my service they eventually ask: "So you will handle the bookkeeping, AR and AP for me?" No. And I'm surprised you are asking me that when you are a $20M

If you're not having fun Your clients are probably not having fun either

Don't compare your day 1 to someone else's day 1000:

To organize and improve business operations, start with a company Wiki. Everything you and your employees need, all in one place. Client onboarding, employee onboarding, project management, employee resources, SOP's in their respective department location, etc. It's a no 🧠er

If you buy a business, here’s your guide to smooth accounting post close. This will help you get clean financials quickly and avoid painful mistakes:

When building a project management system, diminish asynchronous communication as much as possible. Less email, more collaboration directly IN projects. A project is a living thing, not static. It should house instructions, SOP's, an area for discussion and collaboration, etc.

Every process in your business requires some thought, rules, guidelines or else things will surely get messy. Email included! And definitely if you use Slack. Slack is basically a breeding ground for communication anarchy.

Love this!

Beautiful and insightful. Read Thinking in Systems, then watch some of Donella Meadow's lectures on YouTube - fascinating to see how she thinks through complex problems. I think this might be a worth while read for anyone. #thinkinginsystems #systemsdesign #systemdynamics

OpenAI just changed the game...Again! ChatGPT-Vision is unlike anything you've ever seen. Here are 15 examples and use cases that are truly mind-blowing: (Thread)

"#Algorithms to Live By: The Computer Science of Human Decisions" amzn.to/34Bbx0k ————— #DataScience #Mathematics #Statistics #DecisionScience #MachineLearning #AI

"Deep Work Hypothesis: The ability to perform deep work is becoming increasingly rare at exactly the same time it is becoming increasingly valuable in our economy. As a consequence, the few who cultivate this skill, and then make it the core of their working life, will thrive"

Just making things and trying to help with a basic idea. If we organize a personal finance system and add some well-thought-out friction points, the user might figure out what is really going on. Just an idea. I'll see where it leads.