The rising importance of the CFO profession

A CFO or a chief financial officer acts as the sounding board for the CEO when it comes to growing a business. Taking their financial expertise and channeling it into a strategic leadership role to develop financial success for the company is the primary job of a CFO.

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The business world has seen the rising importance of the CFO over the years. CFOs are forward-thinkers as they regard economic, industry, tax, government regulation, and social issues and connect them with the path of the business. They are valuable for business especially when a company is fast-growing and maintains a huge number of employees with complicated product lines. A CFO plays a vital role with regard to business moves such as making an acquisition or preparing to be acquired by another firm.

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CFOs perform a variety of essential tasks that can help a business grow to its fullest potential. These tasks include acting as a right hand to the CEO in building a business, ensuring the timely collection of revenue to keep the company funded, nurturing relationships with sources of capital and assisting in relieving the CEO of the encumbrance of handling relations with investors, lenders, and key partners, and providing analysis regarding data gathered and offer valuable insights with regard to it.

During rapid business growth, a CFO must be employed. Business growth necessitates an enlargement of automated systems and additional capital and financing. CFOs are proficient in interpreting the investment and technology, including the terms of acquiring capital.


George Ammar from Cleveland, Ohio, is a well-rounded individual with a variety of interests. Subscribe to this blog for similar updates.

Tips On How Small Businesses Should Handle Their Finances

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Finances can be tricky especially if you’re a new entrepreneur. For all you know, things are going well, products are being sold, but you end up losing money month after month. Or that you could be breaking even for the first two years and your business is still considered to be a success. There are a lot of ways finances can affect your business and handling them is crucial for your operation. Here are a few helpful tips on how small businesses should manage their finances.

The first thing you need to do is to educate yourself regarding crucial financial elements that are part of your business. Mainly, these are cash flow statements, income statement, balance sheet, and in some cases, statement of shareholders’ equity. Know what the numbers mean for each and learn how to indicate or tag red flags.

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The next step is to separate your personal finance from your business finance. You can do this by applying for a business line of credit to better monitor the money you have for your business and to avoid using them.

Once the business is up and running and you see your monthly expenditures, try to cut costs. You should have a detailed list of all the purchases made and the salaries paid to your employees. By studying all the items, you should be able to see small items that can be improved upon. For example, if you’re running a printing operation, consider buying bigger bulks to save more money.

Businessman George Ammar of Cleveland, Ohio, is a fitness practitioner, health enthusiast, and a lover of sports and action movies. Visit this blog for more business reads.

How Cfos Can Become Good Ceos

The chief financial officer (CFO) role isn’t always a path that directly leads to the chief executive officer (CEO) role.  But CFOs bring so many critical skills and capabilities to the CEO role and are increasingly being eyed for the position in many corporations.  Here are some ways that CFOs can become good CEOs.

Embrace common CEO qualities and characteristics

CFOs are generally deemed balanced, reflective, and merely consuming strategy rather than defining it.  They are also often considered a glorified accountant, which shouldn’t be perpetuated in any way.  CEO, on the other hand, are expected to be extroverts who expertly deal with crises, develop strategies, and are responsible for driving growth.  They are thought to be well-equipped in dealing with so many complexities and are welcoming of different approaches to problems.  Ultimately they are expected to be accountable and responsible for anything that fails or goes wrong.

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Overcome perception problems and change mindset

Assume that stereotypes are trailing the CFO, and manage those issues even if it makes one uncomfortable or feeling out of his comfort zone.  And then proceed to have a mindset change – bring in new mental habits to the CFO position in preparation for the CEO track.  Accommodate broad new insights and develop new leadership concepts that will benefit the whole organization.

Learn new ways to communicate

CFOs turning and transitioning into CEOs require a whole new set of communication and connection tools and techniques.  Explore new ways to connect with other CEOs, improve relationships with the board, and create new links and networks. 

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George Ammar is a well-rounded individual with a variety of interests, including business leadership. For instance, he subscribes to a healthy lifestyle to enjoy life to the fullest and to give his best at work. Learn more on this page.

Cleveland Might Just Trade Kevin Love

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The rumor mill is again abuzz with the possibility of Cavs management trading its remaining—and main—superstar Kevin Love. After all, this makes sense if the team is keen on rebuilding via its great number of young talent, previously relegated to supporting cast for LeBron James.

While management made it clear in previous instances that it doesn’t intend to trade Love, there are still high chances of this happening, especially given the wild player movements at the beginning of free agency. For example, the team already owe the Hawks its top-10-protected pick in next year’s draft. This makes the chances of landing another good player after Collin Sexton very slim next year.

Some analysts are saying that a Love-Carmelo Anthony trade is sound, given the way the Cavs currently conduct its offense. Even though Anthony is getting on, he offers good shooting percentage, solid one-on-one offense, and star power. However, he tends to hold the ball too long, like Irving and James. He also offers essentially poor defense. If the team want to diversify from its existing approach, this may not be the right move.

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Perhaps the better choice is to trade Love to Portland for either Damian Lillard or C.J. McCollum, which should make the team play much faster while addressing the lack of point guard choices. Sexton is still developing while George Hill is getting older. And Jordan Clarkson is more of a shooting guard. In any case, any full Cavs rebuild will be stymied if Love is still in the roster. But this might be best for now, if only to prove that the team can still reach the playoffs without LeBron.

George Ammar is into health and fitness. He stays fit and active by engaging in different workouts, and he regularly goes for a run to boost his body’s strength and resistance. More posts on Cleveland basketball on this webpage.

Will there be a game 7 against the Celtics?

Will there be a game 7 against the Celtics? Or more precisely, will the Cavs win game 6? If so, how? These are the main questions Cavs fans had after that dismal game 5 after the Celtics buried the Cavs and took a 3-2 series lead. There are a number of things that the Cavs need to look for to win game 6, both individually and as a team.

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First off, their leader, King James himself has to be more dominant. The Celtics held them at bay during the 4th quarter of game 5 because Lebron refused to pull the trigger on multiple plays, opting to pass to Jordan Clarkson for a lower-percentage shot. While Cavs fans can expect James to come out with both guns blazing and record a 20-point first quarter in game 6, he should be able to spread himself out the entire game and reserve a final salvo for the homestretch.

Secondly, J.R. Smith and Kyle Korver have to contribute. This cannot be emphasized enough. They are the X-factors of Cleveland. If they combine for 20 points or more, the chances of the Cavs winning dramatically increases. If not, it doesn’t matter how much Lebron James scores, the advantage will be with the Celtics.

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Finally, hustle, hustle, and hustle. The Celtics have obviously been the more intense team throughout the series, and the Cavs have to match that intensity. The Cavs have to dig deeper than ever before if they hope to extend the series.

George S. Ammar is a fitness enthusiast and sports fan. Get more sports updates from this blog.

Where Will Lebron James Play After This Season?

Though it’s not etched in stone yet, the chances of LeBron James bringing his talents to another team come next season is very high. It makes sense for the King, given his contract’s player options.

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The only way to entice LeBron to stay in Cleveland is if the team wins another championship this year, which is likewise very difficult given the increased level of play in the East and the dominance of Golden State and Houston in the West. That said, just exactly where will LeBron end up?

The most probable option is Los Angeles and the Lakers franchise. Magic Johnson has done a good job rebuilding the team, priming it to possible championship runs in the future with its young players led by Brandon Ingram, Kyle Kuzma, and Lonzo Ball. There is also a very high probability that Paul George will join him in the Lakers. Moreover, L.A. is a big-market team, and LeBron might just decide to finish his career there.

Another talked-about choice is to join the rising Philadelphia 76ers team. Having LeBron play with the superstar tandem of Ben Simmons and Joel Embiid will signal a new era of the Big Three, ensuring Philly’s dominance in the coming years and the complete realization of “The Process.”

Finally, and this is a recent development, King James may opt to get himself involved in the issue surrounding San Antonio’s Kawhi Leonard. If James gets traded for Leonard, he will end his career playing for Gregg Popovich, considered by many to be the best coach in the whole league. It makes sense given that both Ginobili and Parker are also in the twilight of their careers and might want one last push for NBA glory.

George S. Ammar is an avid fitness enthusiast. When not working out, he likes to follow various sports teams in Cleveland like the Cavaliers. For more info on George, check out this website.

Designing Your Workout Routine

When designing a workout routine, the first and probably most important consideration is the health goal. Without a solid health goal, any workout routine would be generic and only become redundant in the long run.

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For weight loss, workout routines should lean more towards high cardio and high-intensity interval training (HIIT) and should be done at least once a day. Weight loss routines are probably the most common since weight loss is the most popular health goal today. For people who have aches and pains, or are at an advanced age, cardio would be more suitable than HIIT. But if a person is always on the go and can handle it, HIIT can be done in 15 minutes.

Getting shredded calls for a more intense regimen. High cardio is a must to get the body fat percentage down, and of course, isolation exercises. Through isolated movement, one can really develop specific muscle groups. The problem with this though is that it takes more time than usual routines.

For athletes, the goal is always attaining peak physical condition. To reach this in as short a time as possible, workout routines are always geared towards compound movements and HIIT. These routines allow for a more efficient route towards strength and conditioning.

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George S. Ammar is a fitness enthusiast and sports fan. Get more updates on workout efficiency from this blog.