More Predications for 2010’s Business Conditions

November 30th, 2009

I was quoted in the Society for Advancement in Consulting’s news release, “Global Consulting Group Anticipates Business Conditions in 2010”. It contains several interesting predictions for 2010 from a variety of global consulting experts. Why not get ahead of the crowd and see how your projections align with the experts? Read the entire article here.

Learn how to do a business health check using financial statements…

November 23rd, 2009

Join us for a low cost, HIGH value APICS (Association of Operations Management) webinar on 12/2. You do not need to be a member of APICS to participate in this compelling topic – after all, in today’s economy, what could be more important than understanding where you stand and how to monitor the health of your organization?

See more information & sign up on the APICS Inland Empire website: click here.

I’ll also include a description below:


We will demystify the financial statements into what matters for your business or operation. Join us for a webinar where we’ll explore the keys of the balance sheet, income statement and statement of cash flow.

We’ll answer the following types of questions:

Can we pay our bills? Let’s check what’s happening with accounts receivable/ accounts payable

Is inventory as a percentage of sales going up or down? Why does it matter?

Do you know how to check your breakeven point?

How do you determine whether pricing is in line with costs?

Why are costs up?

Where did our money go? Or, preferably, where did it come from?

Which measurements are important to operations?

If you’d like your financial statement questions addressed, please send them in via email in advance to We’ll also leave plenty of time for questions during the webinar.

Meet our speaker
Cheryle L. Steddom, CPA, CVA

Cheryle Steddom is the principal in Steddom Accountancy, A Professional Corporation in Temecula, California and now focuses entirely on business valuations and consulting for estate and gift taxes, buy/sells and mergers, and business management planning purposes.

Ms. Steddom also has extensive experience in small public accounting firms in the areas of individual and small business taxation and accounting. She was a partner of accounting firms in Anaheim Hills and San Diego before opening her own CPA firm in Temecula. Her career began in the corporate manufacturing sector before becoming a CPA in public practice.

Ms. Steddom is a member of the American Institute of Certified Public Accountants, the California Society of CPAs, the National Association of Certified Valuation Analysts, and is a former board member of the National Association of Women Business Owners-Inland Empire Chapter. She earned her bachelor’s degree from California State University – Fullerton.

Can you transform crisis into real change?

November 21st, 2009

Absolutely…..I’ve posted a new whitepaper addressing this topic. After all, it seems quite appropriate to today’s world – why not get something positive out of crisis?

To give you a flavor, here is my introduction & three key points that I expand upon in the article: The current recession has thrust many companies and individuals into crisis – at a minimum, plans have been put on hold, and in many cases, it has been the worst crisis experienced since the Great Depression (if the company was around since then). This crisis has caused many companies and individuals to do the previously unthinkable. The “unthinkable” is significantly different from person to person and company to company; however, it is equally worrisome. Naturally, stress is at an all-time high. So, what can we do productively to deal with crisis?

Once you’ve assumed the positive, proactive approach, transforming crisis into real change boils down to three, key concepts:

1. Throw out continuous improvement

2. Relationships are #1

3. Ruthless prioritization

To read the full article, click here.

Do you need software to manage a project successfully?

November 18th, 2009

No! It isn’t part of the 80/20. I just wrote an article on this topic for Project Times: to read the full article, click here.

In essence, the article focuses on how there’s NO investment required to achieve the 80/20 of project management success. The bottom line is that I’ve found it to be imminently achievable to achieve project management results with current tools, software and resources. Instead, in 100% of the hundreds of projects I’ve either led or worked on in a diverse set of companies and industries, I’ve found that developing the critical path (whether manually or aided with project management software) has been one of the keys to project success.

Although project management software provides a few ease-of-use advantages (described in the article), the keys to success are available without software tools:

1) Focus

2) Questioning ability

3) Organization

4) Communication

Read more about these critical success factors in the full article.

Would you like to learn how to increase your company’s value?

November 14th, 2009

Join business, banking & certified valuation experts in San Bernardino on Nov 19th for a free, interactive discussion and presentation on increasing your company’s value: click here.

It will be an interesting and timely discussion – after all, most businesses have taken a beating in the last year. This session will provide several strategies and ideas to build value. There are many reasons this can be essential to success: The higher the value of your business…..

– The more solid and profitable your business typically is.

– The higher the sale price you can achieve

– And many more….