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Philip Campbell
Austin, Texas
Experienced Financial Consultant
Interests: A sloppy bookkeeping and finance function will drag you down? It handcuffs your ability to grow and attract capital and talent? It hurts your credibility with your banker, your other lenders, your investors, your partners, and all those in the financial community you need in order to grow your business successfully. It sucks the life out of you. My passion and focus is helping you get the bookkeeping and financial side of your business under control. What a waste of smarts and talent to work so hard to create a successful company only to allow the financial function to underperform and drag you down. I help you fix that and get back on the right track.
Recent Activity
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Ultimately, your success in business will be determined by the degree to which you generate, and hang on to, cash. That isn’t to say there aren’t other reasons you are in business (pride of ownership, not having a boss breathing down your neck, etc.), it’s just speaking to the reality... Continue reading
Posted 6 days ago at Philip Campbell's Blog
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A reliable financial forecast is one of the most powerful financial tools for driving performance in your business. So, what exactly is a reliable financial forecast you ask? I’ll answer the question first by defining what a reliable financial forecast is NOT. It’s NOT a target. It’s NOT a goal.... Continue reading
Posted Sep 11, 2017 at Philip Campbell's Blog
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Rule #4 for creating a financial forecast you can trust is to “First look back, then look forward”. (I like to create rules so I put 10 of them in A Quick Start Guide to Financial Forecasting). 😊 But what if you are starting a business, creating a new division... Continue reading
Posted Sep 4, 2017 at Philip Campbell's Blog
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Here is some great wisdom from Seth Godin’s Blog: “Repainting your house the same color it already was feels like a waste. It's a lot of effort merely to keep things as they are. But if you don't do it, time and entropy kick in and the house starts to... Continue reading
Posted Aug 28, 2017 at Philip Campbell's Blog
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Here is a great quote from Derek Sivers in his book Anything You Want. “Success comes from persistently improving and inventing, not from persistently doing what’s not working. We all have lots of ideas, creations, and projects. When you present one to the world, and it’s not a hit, don’t... Continue reading
Posted Aug 21, 2017 at Philip Campbell's Blog
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There are four areas to focus on as you work to improve profitability in your business. Getting and keeping customers Creating a strong gross margin Controlling expenses Growing the business The ultimate test of your business model is whether you can consistently and predictably get and keep customers. Without this... Continue reading
Posted Aug 14, 2017 at Philip Campbell's Blog
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What are the three big financial goals you are working on right now? Are they written down where you can see them? Are your actual and forecast results linked up to those goals? When I am operating in a CFO or consultant role, one of the first exercises I do... Continue reading
Posted Aug 7, 2017 at Philip Campbell's Blog
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I will be speaking at the CFO/Controller Conference in Austin, Texas on September 21,2017. The conference is put on by the Austin Chapter of the Texas Society of CPAs. I will kick off the conference at 8:30 am with a 50-minute session on the power of financial forecasting. The conference... Continue reading
Posted Jul 31, 2017 at Philip Campbell's Blog
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One of the fastest ways to make more money in business is to stop doing things that lose money! Sounds like a common-sense statement. It is! But this principle is practiced in business far less than you might imagine. Here is a quick exercise that could pay big dividends. Take... Continue reading
Posted Jul 24, 2017 at Philip Campbell's Blog
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I talk a lot in this blog and at Financial Rhythm about money and the importance of driving profitability and cash flow higher in your business. The reason you need to focus on financial results (money), and profit and cash flow in particular, is that if the profit ever dries... Continue reading
Posted Jul 17, 2017 at Philip Campbell's Blog
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From my CFO view of the world, there is really only one reason to create and maintain a reliable financial forecast in business. To help you create a bigger and brighter financial future for you and your business. Of course, a forecast isn’t the only tool you need to improve... Continue reading
Posted Jul 10, 2017 at Philip Campbell's Blog
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You wouldn’t drive along on the freeway at 70mph without a clear view through the windshield of your car (or your truck if you live here in Texas like I do). 😊 In your car, you have the rearview mirror to see what’s going on behind you. You have the... Continue reading
Posted Jul 3, 2017 at Philip Campbell's Blog
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In the book Built to Sell, John Warrillow talks about having an "options strategy", as opposed to an "exit strategy", for your business. Here is an insightful quote from the Foreword: “The best businesses are sellable, and smart business people believe that you should build a company to be sold... Continue reading
Posted Jun 26, 2017 at Philip Campbell's Blog
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Do you know what kind of nasty surprises are hiding in your balance sheet? When was the last time your balance sheet got a good scrubbing? Here’s a little accounting secret that few entrepreneurs or CEOs truly understand. Financial statements prepared in accordance with Generally Accepted Accounting Principles (GAAP) are... Continue reading
Posted Jun 19, 2017 at Philip Campbell's Blog
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With the launch of my new book, A Quick Start Guide to Financial Forecasting: Discover the Secret to Driving Growth, Profitability, and Cash Flow Higher, I have been working with my friends at Kahuna Accounting to incorporate the financial forecasting principles I use to drive profitability and cash flow into... Continue reading
Posted Jun 12, 2017 at Philip Campbell's Blog
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A couple times year I pick up my copy of How to Sell At Margins Higher Than Your Competitors and go through the sections I have highlighted and marked up. I always feel energized and recommitted to the importance of pricing after I read through the book for a few... Continue reading
Posted Jun 5, 2017 at Philip Campbell's Blog
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The purpose of a reliable financial forecast is to help you make better, faster business decisions. Most entrepreneurs and business owners, and some private company investors, wait until they see profitability or cash flow problems in their historical financial statements before they finally conclude that they need to make changes... Continue reading
Posted May 29, 2017 at Philip Campbell's Blog
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Charlie Rose did an amazing interview with Jeff Bezos, founder of Amazon.com, at the Economic Club in New York in October 2016. I absolutely loved every minute of it. And I have watched it more than once (and will watch it more in the future). 😊 Charlie Rose started the... Continue reading
Posted May 22, 2017 at Philip Campbell's Blog
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I’m proud to be one of the speakers at the 16th Annual Live Future Ready Conference in Chicago, IL. The conference will be held from June 20 – 22, 2017. My session will be June 22, 2017. In my session, I’ll show you how to create a reliable financial forecast... Continue reading
Posted May 15, 2017 at Philip Campbell's Blog
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Jack Sweeney’s mission at the CFO Thought Leader Podcast is to bring personal firsthand accounts of CFOs who are driving change within their organizations. The content is great for CFOs and CEOs who value the role a CFO can play in driving growth, profitability, and cash flow in their business.... Continue reading
Posted May 8, 2017 at Philip Campbell's Blog
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Life, business, and money all move in a rhythm… a cycle. So does financial management (and financial forecasting). I refer to this natural monthly financial rhythm in business as the TARGET, MONITOR, ADJUST cycle. It’s about setting financial goals and TARGETS, MONITORING forecast and actual financial results, and making ADJUSTMENTS... Continue reading
Posted May 1, 2017 at Philip Campbell's Blog
The purpose of benchmarking your financial performance is to find opportunities to improve your profitability and cash flow. The process of benchmarking is to compare your results on certain key performance measures against your past results and/or the results of other companies like yours so you can identify opportunities for... Continue reading
Posted Apr 24, 2017 at Philip Campbell's Blog
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For lots of business owners, managing the financial side of their business creates that “my brain’s about to explode” experience that’s all too common in the small business world. I’ve seen it firsthand throughout my career. As a result, managing cash flow and focusing on the true drivers of profitability... Continue reading
Posted Apr 17, 2017 at Philip Campbell's Blog
Does your accounting department help you grow and improve your financial results? Do you consider them an important asset in your quest to create a company that you can be proud of? A company that takes care of you financially? The key to turning your accounting department into a strategic... Continue reading
Posted Apr 10, 2017 at Philip Campbell's Blog
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Too many entrepreneurs and CEOs today are feeling more like passengers than drivers in their business. They’re staring at their rearview mirror as they bounce along in the passenger seat. Their company is careening along on the highway of business as they wonder and worry about where their business might... Continue reading
Posted Apr 3, 2017 at Philip Campbell's Blog