Michael Campian

Providing CFO services and Business Transition Services in Michigan


About Michael

Michael Campian

Lake Orion, MI CFO

33 Years of Experience

Direct Contact




Walsh College of Accountancy,

Troy, Michigan

Certificates & Licenses:


Small Business Association of Michigan

Orion Area Chamber of Commerce

The FENG (Financial Executives Networking Group)


Local Business Network (LBN)

Contact Michael Campian and receive a free Discovery Analysis™

  • A confidential meeting with the business owner(s), then interview company staff.
  • Look at the company’s financial information and computer systems.
  • Benchmark financial information against industry averages.
  • Create a confidential report of our findings in The Strategy Gameplan™

Michael’s Bio

A business professional with over 30 years financial and business management experience working primarily with small and medium-sized businesses, Michael has worked as a Controller, Director of Group Services and Chief Financial Officer. In these positions he has not only lead the accounting/finance functions, but also has experience in HR, Operations, Administration and Network/IT. He has experience in distribution, wholesale, construction, direct marketing, transportation, FAA Repair facilities, service industries as well as public accounting experience.

As a hands on professional, one thing that he understands most about businesses today is the need for good cash management. Michael has successfully implemented cash control and cash savings plans that help companies get through tough financial times. As a well-qualified management professional, Michael brings experience, knowledge, dedication and a strong business sense in his role as a part-time, on-site Chief Financial Officer. He is not only comfortable in the financial arena but is equally comfortable in assisting with operational issues.

Since joining B2B CFO® Michael has worked with business owners that want to spend more time in "Finding" activities rather than "Minding" activities in very diverse industries (see article in blog: The Unofficial Organizational Chart). He currently services clients in distribution, transportation, manufacturing, construction and service industries.

Additionally, Michael owned an Accounting and Tax practice where he helped guide small start up businesses establish financial policies, procedures and controls. His diverse background has given him the ability to help control cash management and he has successfully negotiated initial bank financing for start up companies as well as negotiating comprehensive insurance policies with savings over 25% in annual premiums.

Michael has a Bachelor of Accountancy Degree from Walsh College. He and his wife Mary have been married for over 28 years and have one son Zacharie. He also is a past Treasurer and Council member to the Church he has attended since he was a child.

Contact Michael (248) 860-9845


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Recent Articles

Michigan International Speedway, MEDC announce Pure Michigan 400

Close Up Of A Racecar

Two of Michigan’s best-known brands – Michigan International Speedway and Pure Michigan – are teaming up to host the Pure Michigan 400 NASCAR Sprint Cup race at MIS on Sunday, August 21. “This partnership will bring our Pure Michigan message to millions of NASCAR fans nationwide who will be watching the Pure Michigan 400 on ESPN as well as the tens of thousands who come to Michigan International Speedway on race days,’’ said Michael Finney, President and CEO of the

Michigan’s Comeback by the Numbers

Michigan State Grundge Flag

Here are some facts and figures from MichiganBusiness.org that I thought might interest you: Big news over the past few days underscores Michigan recent economic gains. The unemployment rate, 7.2 percent in September, is the state’s best showing in more than six years. And employers will be pleased by continuing reductions in workers’ comp premiums. 2 Michigan’s rank among states for greatest drop in workers’ comp rates. Only Montana beats Michigan in this achievement. 6.5 Percent decrease in workers’ comp

Downtown Lake Orion welcomes Lockhart’s BBQ to village hall building

Forest By The Riverside

By Lara Mossa, The Oakland Press LAKE ORION >> Plans have been approved for a Lockhart’s BBQ, a new restaurant and bar that will be built in the village hall and could be open by the end of the year. The Lake Orion Village Council unanimously approved the proposal to sell the village hall and redevelop the site. Lake Orion solicited proposals for the property in January and received one bid from Drew Ciora, who lives in Lake Orion, and

Auto sector adds 5,000 jobs in May; highest level since ’08

Model Rocket Launching Into The Air

By David Sherardson The Detroit News The U.S. auto sector added 5,000 jobs in May to hit its highest level since August 2008 to nearly 850,000 jobs. Automakers and parts companies have added 35,000 jobs over the last year to 848,600, the Bureau of Labor Statistics said. Since July 2009, when the sector fell to 623,900 jobs — as General Motors Co. and Chrysler Group LLC exited bankruptcy — the auto industry has added back 225,000 jobs. Auto sales were

Michigan’s entrepreneurial climate goes from 41st to 6th ranking in nation; venture capital grows

Closeup Of Michigan Flag

By Melissa Anders at manders@mlive.com Michigan has improved its entrepreneurial climate and venture capital funding the last several years, according to recent reports. The state ranks sixth nationwide for the best entrepreneurial climate, up from 41st in 2007 and 2008, according to the Michigan Entrepreneurship Score Card released Monday by MiQuest, a Lansing-based nonprofit formed after the merger of the Small Business Foundation of Michigan and Great Lakes Entrepreneur’s Quest. But it still has a ways to go in other

Ford reports best full-year sales since 2006

Close Up Of The Ford Logo

By Michael Wayland  – MLive With a slight increase in sales last month, Ford Motor Co. today reported its best full-year U.S. sales since 2006. The Dearborn-based automaker announced vehicle sales last month were up 2 percent to 218,058 and trucks sold – taking the company to nearly 2.5 million vehicles domestically sold in 2013, an 11 percent increase from 2012. “We saw strong growth across the entire Ford lineup and made significant gains in the import-dominated coastal markets,” said

Oakland County wants to make Woodward the ‘Coolest Corridor’

Different Colored Arrows Pointing Up

By Chad Halcom Making Woodward Avenue cool — presumably more than it is already to muscle car fans and pub-crawling millennials — could revitalize Pontiac, diversify the economy into the technology sector and even reverse brain drain, a committee of the Oakland County Business Roundtable has determined. The “Coolest Corridor” initiative, proposed by the roundtable’s Economic Development Committee at the annual roundtable meeting today at the Troy Marriott, calls for convening a task force to determine how to support business

Give Me More for My Business

Crossword Of Social Media Terms

An interesting article by Jeremy Quittner that appeared in Inc. online. A new survey shows entrepreneurs want higher valuations for their businesses, but are uncertain about the sale process The valuations of social media companies and other technology darlings are sky-high these days. But a recent survey of fast-growing smaller companies shows that while most plan to sell their businesses, they also think their businesses are undervalued. B2B CFO, a company that provides businesses with CFO services and exit-strategy assistance, conducted

Michigan’s economy to keep growing through ’15

Blurred Out Green Arrow Pointing Up

Written by  Mark Sanchex Michigan’s economy should continue to grow in 2014 and into 2015, adding a projected 130,000 jobs over two years, according to an annual outlook from University of Michigan’s economists. The economic growth that’s forecast for 2014 will restore employment in Michigan back to the levels prior to the 2008-09 Great Recession and nearly half of the job losses since the middle of the previous decade, the U-of-M forecast said. Since early 2010, the state has gained

Ford expected to outpace industry with September sales up 6 percent

Despite an anticipated decline in U.S. auto sales in September, Ford Motor Co. appears to have fared quite well. The Dearborn-based automaker Tuesday reported sales totaled 185,146 vehicles last month, delivering its best September since 2006 with a 6 percent increase in the U.S., outpacing the industry and marking Ford’s 11th consecutive month of year-over-year sales increases. “The combination of great styling, fuel economy and value delivered another solid monthly result for Ford in September,” said Ken Czubay, vice president

126 Michigan companies earn spot on Inc. 500|5000

Inc. magazine has named 126 Michigan companies to its 32nd annual Inc. 500|5000, an exclusive ranking of the nation’s fastest-growing private companies. “These Michigan companies, from a wide range of industries, have all earned their place on this list through innovation and aggressive performance,” said Gov. Rick Snyder. “They exemplify the resilience and entrepreneurial spirit Michigan is known for, and we applaud them for this notable achievement.” The 500|5000 list released by Inc. Magazine each year ranks the nation’s fastest

The Services of a B2B CFO in Lake Orion (and surrounding areas!)

How can a B2B CFO® help you and your business, let me count the ways…. Services related to Key Decision Making 1.       In-house preparation of accurate and timely monthly financial statements 2.       In-house preparation of monthly budget-to-actual reports 3.       Forecasts of income and expenses 4.       In-house management report preparation 5.       Recommendations on areas for improvement or future growth Services related to Cash Improvement 6.       Forecasts of sources and uses of cash 7.       Improve collections of accounts receivable 8.       Inventory control

5 Lessons From Detroit's Bankruptcy

By Josh Linkner Earlier this summer, Detroit’s Emergency Financial Manager filed a petition for the city’s bankruptcy proceedings. With more than $18 billion in debt, Detroit has become the largest municipality to ever file for Chapter 9 protection. This is a difficult period for my hometown and the broader region, affecting tens of thousands of people with pensions and benefits, as well as the other creditors. While challenging, I view this as a prime opportunity to reinvent and take our

Tax Tips if You’re Starting a Business

If you plan to start a new business, or you’ve just opened your doors, it is important for you to know your federal tax responsibilities. Here are five basic tips from the IRS that can help you get started. 1. Type of Business. Early on, you will need to decide the type of business you are going to establish. The most common types are sole proprietorship, partnership, corporation, S corporation and Limited Liability Company. Each type reports its business activity

MSU license plate tops in state

In the never-ending battle between Spartan and Wolverine dominance, Green and White wins out when it comes to displaying school spirit on Michigan’s roads. For more than a dozen years, the Secretary of State’s office has offered specialty license plates that help raise funds for the state’s 15 public universities and several special causes or nonprofit organizations. In that time, state records show Michigan State University’s license plate has garnered the most popularity — with more than a half-million sold

Michigan Governor Approved Detroit’s Move to File for Federal Bankruptcy Protection

Governor Rick Snyder authorized the move to seek federal bankruptcy protection for Detroit. Detroit Emergency Manager Kevyn Orr had to get the approval of the governor to move forward with the filing. Governor Snyder says it was the only viable option. “The fiscal realities confronting Detroit have been ignored for too long. I’m making this tough decision so the people of Detroit will have the basic services they deserve and so we can start to put Detroit on a solid

Small biz can SHOP for health insurance on exchange

By Jay Greene Businesses with up to 100 employees that want to purchase health insurance now have an easier way to do so, and more time to consider options. Under the Patient Protection and Affordable Care Act, small employers can use the Small Business Health Options Program, or SHOP, to purchase health insurance for themselves and their employees. The SHOP exchange – which will be part of the federal health insurance exchange in Michigan – is expected to simplify administrative

New Publication from B2B CFO® – The Exit Strategy Handbook

For those business owners looking for a way to increase the value of their businesses, B2B CFO® has a new book titled The Exit Strategy Handbook – the BEST Guide for Selling Your Business.  Written by business exit experts, this book is intended to help business owners prepare their businesses to be sold. Please view the video for more information.

Detroit Auto Show will Bring Dozens of Debuts

As U.S. automobile sales rebound, the world’s automakers are betting big on this month’s North American International Auto Show, with nearly 50 products slated to be unveiled at Detroit’s newly renovated Cobo Center. Most of these will be global reveals — cars and trucks making their worldwide debut. More than 30 marques will be featured at this year’s show, which is open to the public Jan. 19-27. A number of luxury brands are making their return, too, including Britain’s Jaguar

U.S. Bank Targets Michigan for Commercial Lending

Minneapolis-based U.S. Bank National Association — known generally as U.S. Bank — the fifth largest commercial bank in the U.S., has hired two experienced bankers to beef up its presence in Michigan with the goal of greatly increasing its commercial lending in the state. Nicole Garrison-Sprenger, vice president of corporate public relations at parent company U.S. Bancorp, said one of the bankers, Tom Hammer, was hired last year and is now in charge of the West Michigan region. Hammer, who

Grid Logic’s technology called a ‘game changer’

Michigan Economic Development Corporation President and CEO Michael A. Finney congratulated Lapeer-based Grid Logic on its $3.8 million grant from the U.S. Department of Energy to develop a low-cost superconducting wire for use by electric utilities. “This news really captures what is special about Michigan—we discover things, we make things, and we make things work,” Finney said.  “Very few places in the world can match our manufacturing leadership, R&D capabilities, and high-tech talent. These strengths make us a great location

Utility companies partner with MEDC to attract new business to Michigan

Energy needs are often a major consideration for expanding businesses – so it’s important for site selectors to get timely information on energy costs when they make corporate location decisions. In his special message on energy and the environment, Gov. Rick Snyder announced a new customer service tool that will help make Michigan a top tier place to locate or expand a business. This new tool makes it easier and quicker for site selectors to determine the costs of locating

Michigan Film Office has $58 million in grants to dole out

It’s a new year for the Michigan Film Office, which has $58 million in grants available for qualifying film and digital media projects. That’s $33 million more than was allotted in the just-completed fiscal year. The question now: How interested will Hollywood be? That amount is based on the $50 million approved for the state’s film incentives program for fiscal 2013, plus an $8-million rollover from fiscal 2012 that wasn’t approved for any projects. So far in 2012, 11 projects

Auto industry battling Silicon Valley for best college engineering talent

The auto industry is back on campus and hiring a different breed of engineer — those who can help invent the next generation of complex software that pushes the envelope on m.p.g., clean emissions and crash avoidance technologies. The Detroit Three, Asian and European automakers and suppliers find themselves in a new recruitment arena battling Amazon, Apple, Facebook, SpaceX and others for the top software engineering talent. For the auto industry, recruiting can be challenging because many students are drawn

Incentives by MEDC will help create jobs

Grants, tax breaks may add hundreds of positions as firms expand, relocate  in Mich. The Michigan Economic Development Corporation Tuesday approved incentives that would create  up to 226 jobs in Metro Detroit and another 160 statewide. The state approved a $500,000 grant so Alternative Automotive Technologies  LLC would invest up to $5.7 million to  relocate to an empty brownfield site in Troy, rehabilitate the property and  expand operations there, creating up to 176 jobs. The Troy-based company designs  and builds

Gov. Snyder touts launch of $12.8M Globe Building project

Gov. Rick Snyder announced Saturday the launch of the $12.8 million project  to transform the abandoned Globe Trading Co. Building near the east Detroit  riverfront into the Outdoor Adventure and Discovery Center. “I want everyone to remember what that looks like today,” said Snyder during  a press conference at Milliken State Park, gesturing across the street to the  abandoned warehouse. “So when we come back and see what it looks like, we can  see what the power of working together

Michigan's household income rises, poverty rate drops

Michigan’s median household income rose by 2.4% in real terms in 2011 — at a time when incomes nationwide fell slightly. That growth, eighth best among states, contributes to what might be a halt in Michigan’s years-long slide into deeper poverty, according to preliminary numbers released today by the U.S. Census Bureau. Overall, poverty rates fell from 15.7% to 15% and the number of Michigan residents without health insurance also fell from 13% to 12.5%, according to the Census. More

Michigan could lead in logistics

Michigan’s strategic position as a gateway to Canada and the rest of the U.S. could be exploited to make the state a key leader in the growing field of logistics, a study commissioned by the nonprofit group Business Leaders for Michigan reported today. Doug Rothwell, president and CEO of Business Leaders for Michigan, said the study “reaffirms that Michigan has numerous opportunities to grow its economy by exploiting its position as a global gateway and by investing in infrastructure that

Morgan Stanley Smith Barney Announces Alliance with B2B CFO®

Professional alliance offers more holistic approach for business owners Morgan Stanley Smith Barney has announced a new national alliance with B2B CFO®, the largest CFO services firm in the United States. This agreement provides an innovative blueprint for a coordinated effort to meet both the corporate and personal wealth management needs of privately held businesses and their owners. The relationship, formalized through Morgan Stanley Smith Barney’s Professional Alliance Group, allows B2B CFO® to refer clients to Morgan Stanley Smith Barney

Kenneth Kaufman of CFOWise Pays $220,000.00 for Admitted Copying and Violation of Federal Copyright Law

Federal Court rules to protect B2B CFO’s Intellectual Property, settlement ends lawsuit with former partner Kenneth Kaufman sued by B2B CFO for copyright infringement, Lanham Act violations, Federal RICO (Racketeering) violations, misappropriation of trade secrets, and breach of fiduciary duty. PHOENIX–(BUSINESS WIRE)– In midst of widespread intellectual property misappropriation, Jerry L. Mills and B2B CFO are pleased to announce the settlement of their lawsuit against former partner Kenneth Kaufman and three of his entities, including CFOWise. Jerry Mills and B2B

Improved Biz Climate Brings Jobs to Michigan

Michigan’s unemployment rate dropped to 8.5 percent in March – down from 8.8 percent in February — with total employment increasing by 21,000. “The bold reforms made to Michigan’s business climate by Governor Snyder and the Legislature are working,” Michigan Economic Development Corp. President and CEO Michael A. Finney said. “We are reinventing our state in a way that works better for everyone and moving forward with a new economic certainty that is very attractive to investors and businesses making

Mega Millionaires' Big Tax Bills

You hear it all the time: the rich don’t pay their fair share in taxes. Baloney! For proof, consider the daunting tax bills that will be faced by winners of the recent Mega Millions jackpot. Here’s the true story. The jackpot for the March 30 drawing was a whopping $656 million. There were apparently three winners. Each could choose to receive an annuity that would pay out about $219 million over 26 years. However if a winner selects the cash

Snyder: Michigan business climate moving up nationally

Michigan’s business tax structure has moved from 49th best in the nation to seventh, according to projections by The Tax Foundation, Gov. Rick Snyder announced Monday at a meeting of the Detroit Economic Club. The governor said the Washington D.C.-based research group has projected where Michigan will fall when it releases nationwide rankings this summer. The state’s overall business climate will move from 18th place to 12th due to Republicans’ major tax overhaul and other reforms, he said. Michigan must

B2B CFO Announces the Call for Nominations and Event Sponsors for the Inaugural “Smart 25 Awards”

Nominations for the Inaugural “Smart 25 Awards” are being accepted through March 20, 2012 B2B CFO, the nation’s largest CFO services firm, is accepting nominations for the first annual “Smart 25 Awards” through March 20, 2012. The award program recognizes outstanding companies and individuals for driving smart business growth in one of the toughest economies. Honorees and finalists will be celebrated during the awards ceremony on May 4th, 2012, at the Aria Resort in Las Vegas, Nevada, during B2B CFO’s

B2B CFO® Surpasses 200 Partners & Shapes New Leadership Team

B2B CFO®’s record growth is pushing the firm to become the world’s largest CFO services firm with more than 200 Partners across 39 states and more than 800 clients across North America. B2B CFO® surpassed the 200 Partner mark in September of 2011. Corresponding with the pace of the growth, the company today announced the appointment of Joseph C. Worth to Vice President of Operations. Jerry L. Mills, Founder and Chief Executive Officer of B2B CFO®, said: “We have entered

Michigan No. 1 in Nation for Small Business Loans

Michigan’s banks and credit unions led the country in providing government-backed small-business loans, according to new data from the U.S. Small Business Administration. The Detroit Free Press reports that from October 2010 through September 2011, $689 million in small-business loans went to businesses in a variety of industries in Michigan. During that time frame, lenders made 2,063 of the most popular type of SBA loans, called 7(a) loans, up 47 percent from the 1,406 loans worth $386 million in fiscal

No Explanation is Possible

THE TAX SYSTEM EXPLAINED IN BEER Suppose that every day, ten men go out for beer and the bill for all ten comes to $100… If they paid their bill the way we pay our taxes, it would go something like this… The first four men (the poorest) would pay nothing. The fifth would pay $1. The sixth would pay $3. The seventh would pay $7. The eighth would pay $12. The ninth would pay $18. The tenth man (the

S.B.A. Unveils New Venture Capital Fund

The Small Business Administration announced on Tuesday that it had formed a $130 million venture capital fund to invest in high-growth companies in Michigan. The fund is the first of what Karen Mills, the S.B.A. administrator, said is a $1 billion commitment over five years through what the agency calls Impact Investment funds, part of the Obama administration’s Startup America initiative announced in January. In Michigan, the S.B.A. has joined forces with the State of Michigan Retirement Systems, which will

$25 million now available to support Michigan entrepreneurs

The Michigan Economic Development Corporation (MEDC) today announced that the Michigan Strategic Fund (MSF) is awarding $25 million to eight organizations that will support entrepreneurs in launching and growing start-up companies throughout the state. “Early-stage companies require seed capital and access to a strong network of public and private resources,” said MEDC President and CEO Michael A. Finney. “We are confident that with the funding of these organizations and the types of programs – from federal grant support to business

How does your Lawyer make you Feel?

By Jeffrey Paulsen, Paulsen Law Firm PLLC Typically when a client hires a lawyer, it is because of the education, legal background and life experiences of the lawyer as well as the belief that the lawyer can provide the legal advice, counsel and solutions needed to resolve the client’s legal concerns.  The foremost thing on a client’s mind should be selecting the correct lawyer.  Selecting the correct lawyer is dependent upon the type of relationship that the client hopes to

Pure Michigan ads reaching nationwide

With summer in Michigan hitting full swing over the July 4 weekend, the two latest television ads highlighting Pure Michigan are reaching audiences across the state and nationwide.   Sand and Perfect Summer, both 30 second television ads, highlight the best that summer in Michigan has to offer. “These latest ads prove once again what we already know – Pure Michigan offers America’s perfect summer,” said George Zimmermann, vice president for Travel Michigan, part of the Michigan Economic Development Corporation.

Stage 2 Innovations Expands Eligibility For $100 Million Fund

The Stage 2 Innovations fund, co-founded by former Chrysler CEO Tom LaSorda, said Tuesday it will begin to accept applications this week from second-stage companies that do not have patented technologies. Fund officials said that since its announcement three weeks ago, Stage 2 “has received an impressive amount of applications from all over the country, and feedback from the entrepreneurial community drove the decision. “There was an expressed disappointment from technologies with no patents attempting to apply,” said Stage 2

Michigan International Speedway, MEDC announce Pure Michigan 400

Two of Michigan’s best-known brands – Michigan International Speedway and Pure Michigan – are teaming up to host the Pure Michigan 400 NASCAR Sprint Cup race at MIS on Sunday, August 21. “This partnership will bring our Pure Michigan message to millions of NASCAR fans nationwide who will be watching the Pure Michigan 400 on ESPN as well as the tens of thousands who come to Michigan International Speedway on race days,’’ said Michael Finney, President and CEO of the

Michigan Tax Changes

On May 25, 2011 Governor Snyder signed three tax bills into law that completely overhaul the Michigan business tax system. These bills mark the second comprehensive revision of Michigan business taxes in the past four years. These 2011 enactments will materially change both business and individual income tax law. In general, the new law divides the current income tax act into separate parts for individual and business taxes and makes the following changes. Business Tax Changes The primary business tax

The 11 States Where Unemployment Is Dropping The Fastest

While the national unemployment rate may be bouncing back and forth (now at 8.7%), some states are making clear progress in kickstarting their economies. New data from the Bureau of Labor Statistics shows that some states are outpacing others, significantly. Many of the country’s weakest states are at the top of this list, like Nevada and Michigan, showing that either things are finally getting better there, or workers are just dropping out of the workforce. For many, much of their

Huntington agrees to lend $2 billion in Michigan

Huntington Bancshares has hooked up with Michigan officials to commit $2billion to commercial and small-business lending in the state over the next four years. The Columbus-based bank already is the top Small Business Administration lender in Michigan and No.3 in the country. The deal with the state and the Michigan Economic Development Corp., a public-private partnership between the state and local communities to promote economic development in Michigan, is part of a $3billion initiative the state announced last week to

CNN asks: "Detroit: the Next Silicon Valley?"

CNN Money asks whether Detroit is the next Silicon Valley by noting several tech units are doubling and tripling with an overall 82 percent jump in tech jobs over the past year. CNN notes Detroit tech workers make an average of $71,000 a year, less than Silicon Valley but enough income to have a great quality of life in Michigan where most costs (particularly real estate costs for homes and businesses) are much lower than the East and West coasts. 

Victory! Michigan Legislature Approves Business Tax Reform

The most significant business tax reform in a generation has cleared the legislature. Yesterday, the Senate approved legislation to eliminate the Michigan Business Tax (MBT), replacing it with a flat 6 percent corporate income tax. The final vote was extremely tight, with Lt. Governor Brian Calley casting his vote to break a 19-19 tie. The bill represents a huge victory for small business, as it ends the double taxation of business income. Over 95,000 small businesses owners will no longer

Why Michigan? Our case in 2 minutes

How do you respond when asked, “Why Michigan?” Why should someone start, grow or move a business here? Or for that matter, why should they want to live in — or even visit — Michigan?   Whether you’re speaking to someone one-on-one, online or addressing a gathering of hundreds or thousands, here is a great way to start – and change – that conversation, a message worth spreading and sharing: Why Michigan. The two-minute video is part of the Michigan

Economic impact of fast-growing second-stage small businesses

Anyone who harbors doubts about the impact that Michigan small businesses have on job growth and economic expansion will be enlightened by statistics recently released by the Edward Lowe Foundation. Looking at the companies that made the list of 2011 Michigan 50 Companies to Watch, the foundation found that these firms (all of which are fast-growing, second-stage companies): In 2010, created 1,581 full time equivalent employees Project to create 527 net new jobs in 2011 In 2010, earned $290 million

Ford: Best first quarter since '98

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Michigan Takes Home Gold in National Biz Competition

Feeling golden?  Michigan topped at least 47 other states in the 2011 Area Development Gold Shovel Award business competition. “This recognition demonstrates our ability to grow business and adds to our momentum as a state,” said Michigan Economic Development Corp. President and CEO Michael A. Finney. “And, as we ramp up our talent enhancement, entrepreneurial and economic gardening efforts and greatly improve our tax climate, we will become an even stronger force to deal with.” Michigan topped Silver Shovel winners

Is There Life After Bankruptcy?

I recently worked with a client as their part time CFO that filed Chapter 11 bankruptcy and successfully emerged out of bankruptcy approximately 16 months later.  It was a difficult and costly proposition but in the long run saved the company and the jobs of 60+ employees.   As the article below points out, they were given this “fresh start” but life after bankruptcy has many challenges.  Fortunately, the company had a great relationship with its bank that stayed with them

The Dreaded IRS Tax Audit

With the IRS tax deadline of April18th right around the corner I wanted to share an interesting article about the dreaded tax audit: 5 ways to avoid a tax audit Many individuals and business owners live in fear of the Internal Revenue Service and in most cases it is without reason.  If you are claiming all of your income and deducting all legitimate expenses there is little to worry about.  According to the article in fiscal year 2010 the IRS

Senate Passes 1099 Repeal Bill

The Senate voted 87-12 to repeal the unpopular 1099 provision of the Affordable Health Care Act, Tuesday. This is the first piece of legislation that officially repeals part of President Obama’s widely-debated health-care reform movement. Small business owners have expressed their frustration at the provision, which would require them beginning in 2012 to report to the IRS all payments of more than $600 on 1099 forms—work that many small companies just don’t have the time or manpower to do. “It’s

5 Common Small Business Challenges

In working as a part time CFO with small growing entrepreneurial businesses, I have discovered several common financial related issues with which they struggle. When I first start working with these businesses, most if not all of these issues exist. All of them are critical to their success in managing and growing their businesses. The good news is that with time and focus they can be rectified. In no particular order, here are 5 that I see most: 1. Lack

U.S. Business Owners’ Outlook Improves on Hiring and Sales

The Spring 2011 PNC Bank survey of small and mid-sized business owners shows a return to cautious optimism to this past Autumn and much improved from their record-high pessimism of two years ago.  As owners across all industries await sales growth, more plan to raise selling prices to preserve profits in the face of widespread, higher non-labor costs. The key findings are as follows: More Optimistic about Own Company.  Just over one-fifth (22%) remain optimistic about their own company’s prospects

How can Part Time CFO Services help your business?

A CFO or Chief Financial Officer is the person on your executive team who sole purpose is to increase cash flow, improve profits and help in improving the bottom line. The difference between a CFO and part time CFO is only the hours. Unfortunately, many companies who have a need for a skilled CFO do not have the funding to actually hire one. Another senior officer on the payroll might just be a bit too much. In these cases, they

It’s Time to Green up your Company

Being a green company is more that offering a few green products or services to customers who ask for them.  You must also provide leadership that inspires your customers to improve their environmental practices and offering the expertise to assist them.  It’s not just “talking the talk,” but “walking the talk.” Here are some examples to help your business to become more “green.” Set up a recycling program and quantify the materials and volumes you capture. Implement green-building strategies in

The New IRS2Go App for iPhone and Android

The first smartphone application, IRS2Go, lets taxpayers check on the status of tax refunds and obtain helpful tax information. “This new smartphone app reflects our commitment to modernizing the agency and engaging taxpayers where they want when they want it,” said IRS Commissioner Doug Shulman.  “As technology evolves and younger taxpayers get their information in new ways, we will keep innovating to make it easy for all taxpayers to access helpful information.” Apple uses can download the free IRS2Go app

My Decision to Become a Part Time CFO in Lake Orion

Times are still tough, but some are saying the economy is looking up.  An economic report by Comerica Bank recently announced that Michigan’s economy ticked up in January and is poised to make modest gains in 2011, but what does that really mean?  Unemployment is still at high levels and many are still looking for work.  Many in Michigan have moved to other states looking for a better opportunity to support their family but most are staying put and doing

Michigan's Labor Market Recovery

According to Comerica’s Michigan Economic Activity Index, the state’s economy is recovering.  Actually, revised labor market data confirms Michigan is expanding quite briskly.  Michigan has had the biggest drop in its unemployment rate and nonfarm payroll growth has outpaced the nation.  It appears that Michigan is repeating the historical pattern of having a stronger recovery than the nation after having a much worse downturn. Michigan’s unemployment rate fell to 10.4% in February, down 3.1 percentage points in the past 12

$14.2 Billion in Profits and No Taxes

The company with the slogan, “We Bring Good Things to Life” – General Electric, had profits of $14.2 billion, yes, that’s with a “B”, and pays zero income tax.  Of this amount $5 billion is in the US.  Not only that, they are also claiming a $3.2 billion tax benefit. So how is it done, creative accounting?  The profits are declared off-shore and their financial arm, GE Capital, lost billions and is still suffering from the financial crisis. Sure it


Here are some tricks to get more of your money’s worth for every gallon of gas you pump: Only buy or fill up your car or truck in the early morning when the ground temperature is still cold. All service stations have their storage tanks buried below ground. The colder the ground the more dense the gasoline, when it gets warmer gasoline expands, so buying in the afternoon or in the evening….your gallon is not exactly a gallon. In the

SBA 504 Refinancing Maturity Date Eliminated

Today, the SBA eliminated the maturity date restrictions on the existing debt that is being refinanced with the SBA 504 Loan Program. In February, SBA implemented a temporary refinancing program enacted under the Small Business Jobs Act of 2010, allowing the SBA 504 Loan Program to refinance commercial real estate mortgages and equipment loans maturing before Dec. 31, 2012. The SBA change will lift the date limitation. SBA 504 Refinance Guidelines To be eligible for the temporary 504 refinancing program, a

Where Have All the Good People Gone?

I’ve heard it over and over lately – We are looking to hire some people but can’t find anyone of quality.  Why is that? I was recently talking with someone from a large automotive supplier who said they were very busy (a great thing for an auto supplier) and went on to say that they were looking to hire a couple of Engineers but can’t find any one that meets their strict requirements. So where have all the good prospects

Watch out for Fake IRS Communications

With more and more electronic communications being sent, everyone needs to take heed of scammers targeting individuals via e-mail and the ever popular fax, mail and phone calls.  The goal of these scams it to trick and deceive people into revealing personal/financial information.  Here are five things you need to know about “phishing” scams: The IRS never initiates contact via email.  So don’t reply or open any attachments as they most likely contain viruses. Also, do not click on any links.

Acronyms and Abbreviations

A quick definition of an Acronym – a word formed from the initial letters or groups of letters of words in a set phrase or series of words.  For example, CFO, as in Chief Financial Officer.   Some people just call them abbreviations.  I thought it would be fun to see if you can guess what some acronyms stand for.  I am sure there are some you have seen before, but I’d bet there are some you never heard of. Here

Tech Tool Supply, the Story of a Successful Company

Brent Hagood of Tech Tool Supply  (TTS) has taken an idea of an untapped market and turned it into a successful business.  Starting out of his garage in 2004, Brent began distributing Low Voltage tools and equipment specializing in Cable TV, Satellite, CCTV, Home Theater, Phone, Data, Fire, and Security.  He has grown the business to over 47,000 customers in all 50 states and 8 countries. Sales are though a world class website that include over 11,500 products and features

The Balance the Budget Game

So you think you can balance the Michigan budget better than Governor Snyder?  Michigan is facing a $1.4 billion deficit.  The Governor is facing some difficult budget choices so Michigan doesn’t get further in the whole.  The Center of Michigan has created a budget game giving you the opportunity to try to balance the budget.  The game gives you the same options the governor and lawmakers have in balancing the budget.  The first question asks if you endorse the governor’s

B2B CFO Announces First Victory in Intellectual Property Suit

PHOENIX, Mar 08, 2011 (BUSINESS WIRE) — In 2009, Jerry L. Mills, founder of B2B CFO, the nation’s largest provider of CFO services to small businesses, realized that his company had fallen victim to intellectual property theft. “We were alerted to the fact that our website copy was being used verbatim by other companies,” said Jerry L. Mills, founder and CEO. Upon examining the situation, Mills discovered that the website copy theft was only the tip of the iceberg. B2B

Pure Michigan Receives Funding

Michigan Governor Rick Snyder signed legislation recently that increases funding for the Pure Michigan campaign. “The Pure Michigan campaign delivers results,” Snyder said.  “It is an investment that provides a positive return on our tax dollars by fueling tourism statewide.  When we tell the rest of the country what Michigan is all about, it is clear that vacationers and job providers begin to see our state as the place to live, work and play.” Pure Michigan is ranked among the

What Does It Mean To Be Company General Counsel

Being a Part Time CFO for several companies I am always asked what it means to be a General Counsel.  Here is a great article by Jeff Paulsen of Paulsen Law Firm PLLC that will answer all of your questions. Definition of General Counsel // // A General Counsel is the senior attorney of a legal department within a company. The professional brings years of high quality legal experience and knowledge to the position and oversees a number of other

What is Economic Gardening?

Economic Gardening.  Michigan Governor Rick Snyder, in his State of the State address, brought up this concept.  In basic terms, Economic Gardening represents the practice of working with the small businesses in the state to help them grow which will, in turn, create more jobs.   To help Michigan grow, Governor Snyder is saying that we don’t need to just concentrate in bringing in new business to the state to help grow employment, let’s work with what we already have. It

Are You Paying Sales Tax on all Business Purchases?

The State of Michigan is having financial difficulties.  Surprised?  I didn’t think so.  Governor Snyder is proposing some difficult options to balance the State budget.  He wants to tax pensions that are currently tax free (up to certain limits), reduce the film incentives, eliminating the Earned Income Tax Credit and the Michigan Business Tax in favor of a flat 6% business tax. The State is also looking for ways to bring in more tax dollars to offset the deficient.  They

Lake Orion Welcomes New Business

I recently went to the a Lake Orion Chamber luncheon and the guest speaker was Orion Township Supervisor Matt Gibb where he made a “State of the Township” address.  One thing he made abundantly clear was that he wants to improve the relationship between the Township and all businesses that want to open or relocate in Orion.  He mentioned on several occasions two things, 1) he personally wants to meet with anyone considering the move to Orion and 2) he

The Business Improvement Team – Expert advice on your path to higher profits

The Business Improvement Team is a group of outstanding independent consultants headquarted in the Metro Detroit’s tri-county area organized as a collaborative team to bring you a variety of crucial business services.  Whether you need help with a business plan, IT support, financial support, marketing support or process improvement, you will find an experienced professional to put you on the right track. Check them out at www.bizimpteam.com

Emerging HR Policies – What Employers Need to Know

Shannon Hensel of Hensel HR Consulting recently wrote an interesting article that I thought I would share with you about HR policies. Over the last couple of years US employers have seen more employment law changes than in the last three decades combined.  Human Resource professionals nationwide anticipate this trend to continue.  What do business owners need to know or should be doing in order to remain compliant and protect their assets? Many small businesses, especially ones that don’t require a

Unemployment Improves in February

Things are looking brighter in the business world as the unemployment rate went down in February by a modest 0.1% to 8.9%, the lowest in nearly two years.  This is a full one percent decrease in the last three months.  Companies are showing their confidence by adding 192,000 jobs to the economy last month. It is not all good news though; state and local governments are reducing jobs due to budget shortfalls.  A total of approximately 30,000 government jobs were

B2B CFO Named a Free Enterprise Honoree

Each year the US Chamber of Commerce solicits small businesses from across the nation to submit applications for the small business of the year award which are presented in conjunction with America’s Small Business Summit. I am pleased to announce that B2B CFO was selected among the 25 Free Enterprise Honorees!  In a congratulatory email received from Margaret Shepard from The US Chamber, she said:  “The Chamber is proud to recognize B2B CFO’s business’ success story and are impressed with

How a Part Time CFO Can Help Bankers

There are many ways a part time CFO can help a business banker.  Let me count the ways…. Assist with Customers who are not giving them timely and accurate financial information per the loan covenants. Assist with problem loans.  A B2B CFO® can come in to assist troubled companies with financial assistance & direction. Assist with good customers but not quite ready for a loan approval.  Help the customer gain a better control over their finances & help in preparing a

Lake Orion Coach Bell Honored

The Lake Orion Dragons Varsity Football team went to the Michigan Division 1 State Football Championships for the second time in three years back in the November 2010.  After losing a tough game back in 2008 they were victorious this year defeating Plymouth by a score of 21 – 13.  The championship was a first in Lake Orion High School history.   If that wasn’t enough, the Detroit Lions named head coach Chris Bell the 2010 High School Coach of

Preventing Small Business Fraud

Business fraud is defined as the use of one’s occupation for personal enrichment through the deliberate misuse or misapplication of the employing organizations resources or assets. The Association of Certified Fraud Examiners estimates that a typical business will lose an average of 5% of revenues from employee theft. A U.S. Chamber of Commerce survey reported that 1/3 of business bankruptcies are due to employee theft. Here are some tips in reducing your exposure to business fraud: Create a positive work

How to Manage a Rapidly Growing Business

While some new business owners face the issue of not enough customers, others face the issue of too many customers/clients.  I am sure some of you are saying that is a problem you wish you had but both are serious issues and must be dealt with carefully.  There are many lists on how to find new customers.  Here is a list of 10 ways to deal with a rapid influx of new customers.  The goal is a steady flow of

Dispelling Financial Statement Myths

For successful companies, timely and accurate financial statements are the cornerstone of sound financial management.  While the information is historical it provides information critical to the management of any business.  The meaning of the numbers comes alive through meaningful comparisons and analysis.  Yet there are many business owners that miss the opportunity to manage their business because of their belief in certain myths.  Here are a few truths behind the misconceptions. Myth #1: Financial statements are just history – I

Working Capital Problems?

Here Are 8 Signs That You Need To Watch Does your business have working capital problems? Let’s take a look at what working capital involves. Basically working capital falls into four main areas. These are:  Cash Accounts Receivable Inventories Accounts Payable Most companies would say “yes, they have a problem in one of these areas.” Why? Because these factors most affect how a company can operate. Face it, if you don’t have cash in the bank, accounts receivables from sales,

Are Michigan Companies Hiring?

Everyone knows that Michigan was hit particularly hard in this recession.  Unemployment rose quickly and is slow to come back down.  Are companies ready to start hiring again? I am the part time CFO for many small to mid-sized companies in Michigan and every one of them is being very cautious when it comes to hiring new employees.  In fact, some are still reducing their non-essential staff as they continue in cost saving measures.  The biggest comment I hear is

Obama unveils his Budget

I am giving a talk tomorrow to small business owners titled “The Budget and Critical Financial Decision Making.”  If I were to talk about a budget that is like the one President Obama just unveiled I would be laughed out of the room. The President is proposing a budget with a deficit of about $1.1 Trillion.  That is $3.7 Trillion of spending with only $2.6 Trillion of Revenue. Lets put this into perspective that a normal person can understand.   If

Repeal of the New 1099 Requirements?

The Senate voted last week to repeal the measurement to require all businesses to issue Form 1099’s to everyone they pay $600 to in a calendar year for goods and services.  You may remember the President Obama hinted at the endorsement of the repeal during the State of the Union addresss this past January. Several executives of small businesses testified in front of the House Committee of Small Business stating the impact on their respective businesses.  They testified to the undo

Should your Company have an Advisory Board?

An advisory board is a great management tool that all small business should consider. An advisory board is a dedicated group of business professionals that advises the CEO and management of a business but does not have the authority to vote on corporate matters and does not have a legal fiduciary responsibility. The advisory board provides expertise and perspective that present management lacks.  This group should possess skills not currently in the senior management team and should be respected and

Every Business Owner Should Read “The Danger Zone”

I have given out many copies of “The Danger Zone, Lost in the Growth Transition” by Jerry Mills to business owners the last several years.  I have been told by many of these CEO’s that after reading the book they had an “ah ha” moment.  They go on to say that they thought they were the only one going through many of the topics brought up in the book. So what is the Danger Zone?  It is when the cash

Why I Chose to be a Part Time CFO in Lake Orion, Michigan

There is nothing better than helping small business owners with their financial and operational challenges than being their part time CFO.  Although I had been working for a good company for over 5 years, the company ran into some unplanned difficulties that almost caused the company to go under.  Unfortunately, my position, as well as most other positions of the company, was eliminated. I was placed in a position to either look for another W-2 type job or start my

Why do you need a Part Time CFO? Part Two

Do you need assistance in putting together an expense reduction plan?  If so, you may need a Part Time CFO. Do you have a budget and review Budget-to-Actual reports on a monthly basis?  If not, you may need a Part Time CFO. Can you benefit from a seasoned financial professional to bounce business ideas and questions off of?  If so, you may need a Part Time CFO. Do you receive a weekly financial Dashboard to help run your business?  If

Why do you need a Part Time CFO? Part One

Are you spending too much time in Minding or Grinding activities?  If so, you may need a Part Time CFO. Are you receiving timely and accurate financial statements?  If not, you may need a Part Time CFO. Are you in need of financing but your bank is not being cooperative or you need to shop for a new banking relationship?  If so, you may need a Part Time CFO. Are you constantly having cash flow challenges and need help in

What is going on with ObamaCare?

A Federal judge in Florida declared the key provision of the Patient Protection and Affordable Care Act as unconstitutional.  This provision call the “individual mandate” requires most American to buy health insurance by 2014 or face some nasty penalties.  This judge also declared as unconstitutional the section that withholds Medicare funds from states that refuse to participate. Is it just a coincidence that the Dow was up over 138 points and closed over 12,000 the same day?  Just asking.

New Form 1099 Reporting Requirements

Remember the good old days when companies only had to issue Form 1099’s to non-corporate companies that they paid over $600 in a calender year for services.  A recently enacted healthcare law imposes new Form 1099 reporting requirements that are going to cause havoc to all businesses – small and large. Expect not only a huge paperwork burden but also additional costs associated with the new rules that apply to payments made after January 1, 2012. Imagine, virtually everyone you

The Unofficial Organizational Chart

As the owner of a business, much of the future success you will achieve or the future pain you will feel or the results of the future exit strategy from your company will be predicated on how well you are able to manage the time of all those that work within your own organization. Too many business owners feel they are pulled down into administrative tasks, which takes them away from the ability to grow the company and to stay


Michael has been a trusted advisor for Northfield Trucking for over two years now.  He has assisted in putting together a system to make our jobs more profitable, put procedures in place to get accurate & timely financial statements as well as facilitated in building a new banking relationship to help grow my company.   I appreciate having an outside view of my business at a cost I can afford.  I would recommend Michael to any business looking for an advisor to

About Lake Orion Michigan

From Wikipedia Lake Orion (pronounced OR-ee-un) is a village in Oakland County in the U.S. state of Michigan. The population was 2,715 at the 2000 census. “Lake Orion” is often used to describe both the village and the much larger Orion Township,[citation needed] of which the village is a part. The village and township are home to Lake Orion High School, Bald Mountain State Park, Indianwood Golf and Country Club, Canterbury Village, the Scripps Mansion, and a General Motors manufacturing