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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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Money means lots of things… to lots of people. For some, it means freedom, security, or the ability to take risks. For others, it means hassles, problems, and worries. I have created a super-short, 1-minute survey to learn more about how my readers view the impact of money in their... Continue reading
Posted Oct 8, 2018 at Philip Campbell's Blog
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Dashboards are a powerful tool for helping your CFO turn numbers into insight. Dashboards help take the numbers that accountants and CFOs work with every day and turn them into something more like a visual representation of the data, almost a visual story, that resonates with financial and non-financial people.... Continue reading
Posted Oct 1, 2018 at Philip Campbell's Blog
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Do you ever feel like certain parts of your business are out of control? Here’s a great quote from B.C. Forbes: "A business, like an automobile, has to be driven in order to get results.” It’s important to step back from time to time, take a deep breath, and say... Continue reading
Posted Sep 24, 2018 at Philip Campbell's Blog
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This is a picture of my newest piece of art in my office. (I got it at Ikonick, a very cool store for fun canvas art. I especially enjoy their art about money and business.) I love that prescription. Take one stack of money by the hundred twice daily. Each... Continue reading
Posted Sep 17, 2018 at Philip Campbell's Blog
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I will be speaking at the CFO/Controller Conference in Austin, Texas on September 20, 2018. I will kick off the conference at 8:30 am with a 50-minute session. Here is the description for my presentation. USING COOL DASHBOARDS TO DRIVE FINANCIAL PERFORMANCE New Business Intelligence software is making it easier... Continue reading
Posted Sep 10, 2018 at Philip Campbell's Blog
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Most entrepreneurs and business owners, and some private company investors, wait until they see profitability or cash flow problems in their financial statements before they finally conclude that they need to make changes in the business to improve results. But most of those profitability and cash flow challenges can be... Continue reading
Posted Sep 3, 2018 at Philip Campbell's Blog
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It is a myth to think that cash flow problems “just happen.” You would be shocked at the number of businesses that fail every year because the owner did not see a cash flow problem in time to do something about it. Cash flow problems can almost always be seen... Continue reading
Posted Aug 13, 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. Here’s a fun sample about embracing reality. From the book Loving What Is by Byron Katie “When I argue with reality, I lose—but only 100%... Continue reading
Posted Aug 6, 2018 at Philip Campbell's Blog
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In the book The Road Less Stupid, author Keith Cunningham provides fantastic real-world advice for entrepreneurs and business owners. I especially enjoyed Chapter 6, where he talks about the four hats you must wear in business. Two of the four hats include: Operator Hat: With this hat you are focused... Continue reading
Posted Jul 30, 2018 at Philip Campbell's Blog
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Pre-tax profit is revenue minus all expenses EXCEPT income taxes. Disney’s pre-tax profit margin is 16.9%. McDonald’s pre-tax profit margin is 22.8%. Amazon's pre-tax profit margin is 1.7%. Starbuck’s pre-tax profit margin is 14.6%. What is your pre-tax profit margin for the year? NOTE: My new book is available at... Continue reading
Posted Jul 16, 2018 at Philip Campbell's Blog
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“The function of a business is to create money, not consume it, and the longer you postpone this the harder it gets to fix.” “Converting Controllers to CFOs is…tough. The skills are the same, but the personality is different, and even the Mayo Clinic isn’t performing personality transplants just yet.... Continue reading
Posted Jul 9, 2018 at Philip Campbell's Blog
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In my next book, I will be sharing with you some fascinating stories from entrepreneurs and business owners who are doing the hard work of growing and improving their businesses. These are owners and entrepreneurs running companies with annual revenues in the $1,000,000 to $10,000,000 range. The interviews will focus... Continue reading
Posted Jul 2, 2018 at Philip Campbell's Blog
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There is a significant lag in most companies between when the business owner (or their leadership team) sees financial results they don’t like and when they actually make changes in the business to get results back on track. The business owner is executing their strategy and waiting for the financial... Continue reading
Posted Jun 25, 2018 at Philip Campbell's Blog
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Is your business as profitable as you want it to be? How does your profitability stack up against other companies in your industry? How does your profitability stack up against other businesses like yours? I created a fun interactive dashboard to give you access to profitability margins by industry. The... Continue reading
Posted Jun 18, 2018 at Philip Campbell's Blog
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Knowing what’s going on financially in your business is like having a financial superpower. It helps you make better business decisions. It helps you drive profitability and cash flow to the levels that you expect. It helps you avoid the pain and suffering that poor financial performance will bring into... Continue reading
Posted Jun 13, 2018 at Philip Campbell's Blog
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I created a fun survey recently to shine a light on profitability in business (and the perception of profitability in business). Profitability is one of my favorite subjects. (Well, cash flow is probably my real favorite… but strong profitability is the key driver of a healthy cash flow… so profits... Continue reading
Posted Jun 11, 2018 at Philip Campbell's Blog
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More businesses fail than survive in their first 10 years. About 50% of businesses survive to see their 5th birthday. Only 35% survive to see their 10th birthday. The flip side of those numbers is one-half of businesses fail in the first five years of their existence. And 65% fail... Continue reading
Posted Jun 6, 2018 at Philip Campbell's Blog
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The real benefit of having goals, both aspirational goals and SMART goals, is progress. It’s about making progress toward a better you and toward a bigger and brighter financial future for you, your family, and your company. When you envision what would make you happy, you begin to see more... Continue reading
Posted Jun 4, 2018 at Philip Campbell's Blog
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If you love the challenge of business… and you enjoy the thrill and promise of continuous improvement..., I bet you will send me love notes and kudos for sharing this unique and fun video with you. Click here to watch this kick-ass perspective on success by Ray Dalio, the author... Continue reading
Posted May 28, 2018 at Philip Campbell's Blog
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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 May 21, 2018 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