Ed Dale, one of the Internet marketing “gurus” announced in his first podcast of 2007 that he has been a victim of fraud. He did not elaborate on the details including the amount of the loss. Regardless of the amount I know it was painful for him and his wife. How do you think I know that?
Most of what I write is about how I help companies grow revenue and profits quickly. One of the early chapters of this process details how I use an eight week rolling cash flow and financial flash schedule with all my clients. In addition to the explanation subscribers receive the exact Excel template I use for engagements.
What is really important is how completing this information, and making sure it agrees with your bank records and other supporting documents establishes a tight control environment over assets.
I was a fraud victim twice. Both times for very significant sums of money. I am a CPA with extensive business experience. With all of this experience I was still a fraud victim. So I designed a business development process that includes very tight controls over assets.
My free mini-course “How To Increase Profits by 30% or More in 90 Days or Less” details allot about how to run your business with the right controls.
If you take the money you make and invest it in swamp land or pay for designer jewelry, I cannot help you with that. But if having the assurance the assets of your business are insulated from theft or fraud is important to you, then you need to have the right controls and that is part of what I do with companies.
Would the processes and procedures I install have prevented Ed Dale from being a fraud victim? I have no idea since Ed is not a client and I don’t know what happened. If you wonder if this can happen to you- it can. If you want to talk about your business and practical controls for minimizing the risk of fraud then call me.
I wish you prosperous health, happiness and abundance
Steve Pohlit has more than 20 years experience running very large and medium sized companies. Steve now designs and implements processes with large and small companies that will deliver improved business performance for the long term. Most projects are self-funding within 90 days. . Learn more about the process of Increasing Profits by 30% or More In 90 Days or Less by visiting http://www.stevepohlit.com or you can call 727-587-7871 and speak with Steve directly. Have a question? Click Here To Visit Ask The Consultant If you want to learn how to use a blog to build your business then register for the the free mini-course “Blogging for Profits” at Steve Reports. Did you know you can make a ton of money by referring a business that converts to consulting project? Just thought I’d mention that.