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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
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 7 days ago 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
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
Step 1 in my 3-Part Plan to Breathe Financial Life Back into Your Business is about assessing, then improving, the financial health of your business. Assessing the financial health of your business is all about confronting reality. It is the first step to improving your profitability and cash flow. Confronting... Continue reading
Posted Mar 27, 2017 at Philip Campbell's Blog
Here is a quick thought about the importance of making money in your business. This quote is from one of my favorite authors, Brian Tracy (author of too many books to list individually): "The whole aim of starting a business is to develop a consistent, predictable source of cash flow... Continue reading
Posted Mar 20, 2017 at Philip Campbell's Blog
There is a difference between a goal (financial target) and a reliable financial forecast. In the book Implementing Beyond Budgeting: Unlocking the Performance Potential, Bjarte Bogsnes does a beautiful job of clarifying what a forecast is… and what it is not. "Some would call 'on course to hit a rock'... Continue reading
Posted Mar 13, 2017 at Philip Campbell's Blog
Everyone running a business (small or large) needs to answer two financial questions at the end of the month: What happened (last month)? What's about to happen (over the next few months)? Most people seldom ask or answer the second question. That's why so many business owners and CEOs are... Continue reading
Posted Mar 6, 2017 at Philip Campbell's Blog
I will be speaking at the CFO Conference in Fort Worth, Texas on March 29,2017. The conference is put on by the Fort Worth Chapter of the Texas Society of CPAs. I will kick off the conference at 8:30 am with a one hour session on the power of financial... Continue reading
Posted Feb 27, 2017 at Philip Campbell's Blog
The ultimate goal of financial forecasting is to help you improve your profitability and cash flow. Of course, financial forecasting isn't going to magically drive your revenues higher or your expenses lower overnight. Financial forecasting is a tool and a thought process. Improving profitability and cash flow requires action. But... Continue reading
Posted Feb 20, 2017 at Philip Campbell's Blog
Let's say you are enjoying a nice sunny day at the Grand Canyon. It is mid-morning and you are looking out over the South Rim. You want to take a picture to capture the beauty you are surrounded by and share it with your friends and family. But it's hard... Continue reading
Posted Feb 13, 2017 at Philip Campbell's Blog
Financial information becomes powerful when it's simple and easy to digest, understand, and act on. Are your financial statements (and related financial information) easy to understand and act on? Do you have access to insightful financial information every month that helps you make better business decisions? It's All About Decision-Making... Continue reading
Posted Feb 6, 2017 at Philip Campbell's Blog
I define a serious-minded entrepreneur as a person running a company who pays close attention to the two "factories" that exist in every business: The customer factory and the money factory. The customer factory is the part of your business dedicated to creating happy customers. A happy customer is a... Continue reading
Posted Jan 30, 2017 at Philip Campbell's Blog
I love this quote from Scott Adams (the creator of Dilbert) in his book How to Fail at Almost Everything and Still Win Big: "I found accounting nearly impossible to learn because of the bubbling moat of boredom that surrounds the entire field. But a basic understanding of accounting is... Continue reading
Posted Jan 23, 2017 at Philip Campbell's Blog
Are you happy with your net worth? Do you have a goal for what you would like your net worth to be in five years? Do you know what your net worth is right now (in your business and personally)? Your Net Worth To me, one of the best measures... Continue reading
Posted Jan 16, 2017 at Philip Campbell's Blog
Your ability to generate strong cash flows in your business is determined by how well you: Drive profitability – Over the long-term, generating strong profitability is the most important driver of cash flow. See my post on the four drivers of profitability. Convert assets into cash – The speed in... Continue reading
Posted Jan 9, 2017 at Philip Campbell's Blog
The profitability of your business is driven by how well you: Get and keep customers. The ultimate test of your business model is whether you can consistently and predictably get and keep customers. Generate strong gross margins. Having strong margins is about selling at a price that provides value for... Continue reading
Posted Jan 2, 2017 at Philip Campbell's Blog
If you have not read my book yet, Never Run Out of Cash: The 10 Cash Flow Rules You Can't Afford to Ignore, (maybe it's the thing that has been missing in your life) J, I'd like to make the electronic version of the book available to you for FREE.... Continue reading
Posted Dec 26, 2016 at Philip Campbell's Blog
I love business books. I have amassed a library of over 600 of them (and adding to it every month – Amazon loves me)! I read books with a pen so I can underline and star information that strikes a chord with me. I write notes in there so that... Continue reading
Posted Dec 19, 2016 at Philip Campbell's Blog
Have you ever started a project… but didn't quite finish it? Or worked on something for a while… then put it down and didn't work on it again for months? Then picked it up again and said "You know what? This thing is looking really good. I'm going to finish... Continue reading
Posted Dec 12, 2016 at Philip Campbell's Blog
Try this little test for one full week and see what happens. Here's the test: Stop doing the dishes at home. Allow them to stack up for a full week. Save yourself the time and trouble of cleaning up after meals. After you enjoy a good meal, put the dishes... Continue reading
Posted May 23, 2016 at Philip Campbell's Blog
Have you ever had a customer or client that makes you cringe when they call (or you see an email come in from them)? "Oh no, not that a$$hole again!" Our natural instinct in business is to try to treat every customer like they are a good customer. Even the... Continue reading
Posted May 2, 2016 at Philip Campbell's Blog
Making money in business isn't easy. Expenses are always going up. New expenses are always trying to creep into the mix. Customers want better prices. Competitors are trying to steal your customers. That's why, as Ash Maurya says,: Making Money is a Skill. And like any skill it takes practice... Continue reading
Posted Apr 25, 2016 at Philip Campbell's Blog
Two of my favorite subjects in business are 1.) making money and 2.) making a difference. I wrote a post at Financial Rhythm to encourage you to think more deeply about the subjects of money and making a difference in your business. In that post, I talk about making money... Continue reading
Posted Apr 18, 2016 at Philip Campbell's Blog
I love Ash Maurya's book Running Lean. (It is part of the Lean Startup series of books.) His new book, Scaling Lean, will be released in June 2016. I have seen the content and I encourage you to make it a part of your library of business books. The Entrepreneur's... Continue reading
Posted Apr 4, 2016 at Philip Campbell's Blog
Eli Goldratt, author of the Goal and many other fantastic business books, said: "The role of marketing is to bring sitting ducks to the sales force". I love that definition of the role of marketing in your business. Marketing Metrics Effective marketing includes the ability to measure your results. You... Continue reading
Posted Mar 28, 2016 at Philip Campbell's Blog