Running a business takes many skills sets, and business owners, eager to keep costs in check, try to do it all. From hiring decisions to compiling financial statements, owners spread themselves thin running from task to task. The upside? There’s no large salary tied to people holding specialized positions. The downside? Each task gets but [...]
Many small to mid-sized businesses run on the efforts of the business owner and its professional manager, the CEO. But the rate of change isn’t slowing and your day has timed out before half your questions are answered. So, when is the right time to introduce an outsourced CFO into your company? The answers to [...]
Every business, no matter the size, can benefit from expert financial planning. However, it is uncommon for small business owners to also be financial planners. You might be very good at running your business, but unless you also have education and experience in finances, you need someone to perform your financial planning functions for you. [...]
Many people have heard the term CFO but aren’t quite sure as to what a CFO really does. CFO stands for “Chief Financial Officer” and this is the individual generally in charge of managing the financial aspects of a company. CFO’s may have degrees in finance, accounting or business management and may even have a [...]
1. Why do I need an Outsourced CRS Financial Management Solutions? Take our “Do you Need a CFO” Questionnaire and decide for yourself. 2. How would you fit in the organization? It depends on the type of project: (1) If this is a specific project or short term engagement (i.e. merger/acquisition/sale of a company or [...]
A 20-year-old San Diego construction firm called because their cash reserves would not allow them to finance projects they had already won. They had an $800K contract, with a projected 20% ROI, if they could just hold on through the negative cash flow. Revenues two years ago were $3.5MM and now $1.25MM; profits crashed from [...]
A Southern California client of ours went to his bank for a working capital line of credit. The bank wanted to review their financials and projections. However, the financial statements showed negative assets, negative liabilities, and inconsistent operating margins, resulting from turnover in the accounting department staff. The owner no longer knew the real financial [...]
A Southern California manufacturing client, with solid financials and little debt wanted to grow by acquiring a firm with a product they envisioned adding on to their primary product. Our client had all but agreed to an asset purchase and asked CRS to review the anticipated transaction. We reviewed the target company’s financials for the [...]
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Marilyn J. Magett, Principal
CRS Financial Management Solutions
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“Marilyn is a true entrepreneur. She is one of them, understands what they need and has the vision to create her own model.”
Brian Callahan, Investment Banker
Orange County, CA