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100 WAYS: #5 Profit is a State of Mind
– March 22, 2010
Profit needs to be the goal of the entire management team, not just the CEO. Financial goals should be measurable, specific and understood by the key management team in order to relate them to the bottom line. Your management team must understand the role they play in improving the company's bottom line and should understand that profit committment must be developed. Employees must realize that profits are their responsibility and that there are consequences for not meeting pre-defined profit objectives.
Walker Coburn
318.429.2109
wcoburn@hmvcpa.com
Walker is a Senior Auditor in our Shreveport office. He received his Bachelor of Administration in Accounting and a Masters of Accountancy from Millsaps College in Jackson, MS. Prior to returning to his hometown of Shreveport and joining Heard, McElroy & Vestal, Walker worked for KPMG in Jackson and Memphis, and more recently as a financial reporting advisor for FedEx Corporate.
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