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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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Most of us believe we make good business decisions. Just for fun, consider this little thought experiment: Imagine for a minute that the quality of each of your important business decisions was measured and tracked every month. And that you were assigned a “batting average” that measured the quality of... Continue reading
Posted 2 days ago at Philip Campbell's Blog
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I have been invited to lead a webinar on financial forecasting for 360 Thought Leadership. The webinar, Financial Forecasting: The Encryption Code for Success, will be May 16, 2018 from 12:00PM Central time – 1:00PM Central time. In an environment of complex business dynamics, owners and Finance leaders often feel... Continue reading
Posted Apr 30, 2018 at Philip Campbell's Blog
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In my book A Quick Start Guide to Financial Forecasting, I included a fun chapter at the end titled Thoughts About Forecasting, Business, and Money. I included some of my favorite quotes from fourteen great books about the overall subject of business and money. Here are some quotes from one... Continue reading
Posted Mar 26, 2018 at Philip Campbell's Blog
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This picture shows what my face looked like when I discovered the new breed of Business Intelligence (BI) tools that are now available for creating powerful, automated financial dashboards. 😊 I saw the magic the first time I laid my eyes on Power BI. (Power BI is not the only... Continue reading
Posted Mar 12, 2018 at Philip Campbell's Blog
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I will be speaking at the CFO Controllers Conference in Fort Worth, Texas on March 28,2018. I’ll be talking about how to use data to create visual insights that turn numbers into better business decisions across an organization. I will demonstrate specific examples of cool interactive dashboards. I will show... Continue reading
Posted Mar 5, 2018 at Philip Campbell's Blog
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In the book Islands of Profit in a Sea of Red Ink: Why 40% of Your Business Is Unprofitable and How to Fix It, the author makes a very thought-provoking statement. He says: “Nearly 40 percent of every company is unprofitable by any measure, and 20 to 30 percent is... Continue reading
Posted Feb 26, 2018 at Philip Campbell's Blog
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I have always enjoyed creating financial insight for entrepreneurs and business owners. Helping people see what’s really going on below the surface is one of the ways I have worked to create value and help drive financial results as a CFO. It’s about using data… to create insight… to help... Continue reading
Posted Feb 19, 2018 at Philip Campbell's Blog
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I’m a huge fan of using cool financial dashboards to highlight the metrics that really matter in business. New technology has made dashboards super powerful and amazingly easy to use (and low cost). I absolutely love the focus they bring to the work of improving profitability and cash flow in... Continue reading
Posted Feb 12, 2018 at Philip Campbell's Blog
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You really have no choice but to constantly, and persistently, work on improving your financial results. Expenses are always rising. Your competition is gunning for your customers. Maintaining the status quo is seldom a good strategy if you are serious about financial success in business. Defining the metrics that matter... Continue reading
Posted Feb 5, 2018 at Philip Campbell's Blog
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In my new book, A Quick Start Guide to Financial Forecasting: Discover the Secret to Driving Growth, Profitability, and Cash Flow Higher, I included a Bonus Chapter that has been generating lots of interesting (and unexpected) feedback. The bonus chapter is titled “A Three-Part Plan to Breathe Financial Life Back... Continue reading
Posted Jan 29, 2018 at Philip Campbell's Blog
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“The real enemy of execution is your day job! We call it the whirlwind. It’s the massive amount of energy that’s necessary just to keep your operation going on a day-to-day basis; and, ironically, it’s also the thing that makes it so hard to execute anything new.” That's a quote... Continue reading
Posted Jan 1, 2018 at Philip Campbell's Blog
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If you enjoy the work you do, and you like to work a lot, you will love Gene Simmons’ new book On Power. Here are a few quotes that I especially enjoyed: “When you love what you do, you won’t tire of it. You will get more done, and you... Continue reading
Posted Dec 11, 2017 at Philip Campbell's Blog
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One of the beautiful traits of a successful business is its ability to distribute excess cash to its owners. But it is very important to ensure that distributions are made from EXCESS cash in the business. Oftentimes, distributions are made to support the lifestyle of the owners. While there is... Continue reading
Posted Nov 27, 2017 at Philip Campbell's Blog
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In the early days of building a business it can be difficult to avoid personal guarantees. But as you grow and become more successful, you have more leverage, and more reason, to purposefully begin reducing your personal guarantees. Most businesses are run inside a legal entity like a corporation or... Continue reading
Posted Oct 2, 2017 at Philip Campbell's Blog
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I love Ray Dalio’s new book Principles. It is a fantastic read about life and work and the value of always striving to learn and grow and become better at what you do. Here is a quote from the Introduction: “Principles are fundamental truths that serve as the foundation for... Continue reading
Posted Sep 25, 2017 at Philip Campbell's Blog
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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 Sep 18, 2017 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