Author: admin
When Mary Ann Waltz took over as CFO of Cincinnati-based restaurant chain Dewey's Pizza, she learned all she could about working in the industry by chopping vegetables, mixing dough, and making curbside deliveries. “Not only did I gain empathy for our store team members, I learned about their challenges and how my role as CFO would impact them,” Waltz told StrategicCFO360. After 16 years working for an industrial supply company, Waltz realized it was important to learn about restaurants, but it wasn't his first assignment as finance chief. In the interview below, Waltz talks about building relationships outside of finance,…
When considering compensation plan design, boards would be wise to remember the adage, “be careful what you wish for.” Incentive compensation is tied to a virtually endless list of goals: attracting top talent, increasing revenue, improving productivity, driving change, increasing diversity, meeting safety goals, etc. The compensation committee's decision on which goals to measure and reward can be a powerful lever that can move the entire organization toward the right goals or sidetrack it. Just ask Wells Fargo. While setting sales targets that unintentionally backfire is an extreme example of an incentive gone wrong, there are many potential pitfalls in…
Edelweiss Mutual Fund has raised over Rs 1,800 crore through its Business Cycle Fund NFO. Edelweiss Business Cycle Fund received over 9 lakh applications. The scheme's New Fund Offer or NFO was open for applications from July 9 to July 23. The scheme will reopen for ongoing sales and buybacks on August 6.Edelweiss Business Cycle Fund follows a business cycle based investment theme designed to capture market opportunities effectively. Investing across sectors and market capitalisations, the fund offers a robust solution with core allocation with a long-term perspective. According to a press release from the fund house, the fund will…
The platform leverages advanced AI algorithms to guide users through a series of interactive questions, without requiring extensive documentation or prior financial knowledge. read more… Chiara Accardi release date: Wednesday, July 24, 2024 10:36 AM Venture Planner, a leading innovator in business development tools, has launched its revolutionary AI Business Plan Generator. The cutting-edge platform leverages the power of artificial intelligence (AI) to revolutionize the business planning process, empowering entrepreneurs and businesses of all sizes to create comprehensive, professional-grade business plans with unprecedented ease and efficiency. Traditionally, creating a robust business plan has been a difficult, time-consuming task that required…
The seminar will provide all attendees with a free business start-up kit and organizational templates to help them avoid common mistakes and remember important details such as permits and licenses. FORT FRANCIS — The Rainy River Future Development Corporation (RRFDC) is offering a free seminar on writing a business plan to help local businesses. It is aimed at all existing and future entrepreneurs who want to develop and expand their businesses. The seminar will be held at 4 p.m., Wednesday, July 24, at the RRFDC offices at 601 Mowat Ave. in Fort Frances and will be hosted by Charles Speirs,…
image: The exterior of the completed La Scala Arts Center. Image courtesy of Burrell Foley Fisher.Scala, a new arts centre on Angel Street in Worcester, aims to bring people together to make the city a more creative and inspiring place to live and enrich people's lives. The aims are set out in a draft business plan drawn up by Worcester City Council officials and the Creative Consortium, a group of local arts, cultural and creative organisations. The business plan, which will be discussed by the city council's policy and resources committee on July 30, outlines how Scala A space for…
The foundation of this vision and strategic plan are our three core goals – research and discovery, teaching and learning, and social responsibility – summed up in our motto, “Knowledge, Wisdom, Humanity”, which build on our strengths and take the University in a new direction. It points to a future where we scale up our world-leading research to tackle our toughest global problems, leverage our interdisciplinary research capabilities, and transform the way students learn to produce the most employable graduates and truly global citizens, ensuring that everything we do has a positive impact on society. The strategic plan builds on…
Affiliate links for the products on this page are from partners that compensate us and terms apply to offers listed (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See how we rate banking products to write unbiased product reviews. You can open high-yield business savings accounts at banks or credit unions. Several financial institutions offer business bank accounts paying 4% APY or more. You may need to maintain balance requirements or fulfill certain activities to earn the highest APY on some accounts. If you’re running a business, it’s likely that…
By YEC By listening and addressing concerns, leaders create an environment of open communication.Getty As the saying goes, people don't quit their jobs, they quit their bosses. And as the workforce gets younger, employees are more likely to resist command-and-control management tactics. That's where empathy comes in. In this article, seven YEC members share how incorporating empathy in their leadership has helped them create supportive and productive work environments. Q. Why is it important for leaders to master empathy? 1. Connect with your employees As the workforce continues to evolve, empathy has become essential for leadership, especially as younger generations…
The days of waiting for the perfect time to sell a private equity-owned company are over. Limited partners' patience for returns is waning, sponsors' coffers are full of cash, and a time of record low deal activity is quickly turning into a buyer's market with assets piled high, even if the terms are not ideal. What does this mean for CFOs of private equity-backed companies and others? They will be tasked with the monumental task of preparing their companies for sale on an accelerated timeline (or sometimes at their request) when they aren't ready for primetime. To do this, CFOs…