Monday, January 09, 2012

Enterprise Risk Management (ERM) Expert and Speaker Gary W Patterson

Atlanta – January 9, 2012 – Gary W. Patterson, FiscalDoctor® (www.fiscaldoctor.com), offers ten New Year's resolutions to help companies uncover hidden risks, adopt a positive attitude in the new year, and pursue opportunities that may be lying dormant.

1. Review the three best opportunities you can pursue longer term, and create a game plan.

2. Examine the three top risk areas your business faces in the short and long term, and develop a contingency plan to keep Murphy's Law at bay.

3. Evaluate the three most crucial infrastructure issues your company will face over the next couple years.

4. Examine your staffing levels and staff on a "green field" basis. Ask yourself the following questions: If you were starting a new company today, would you hire the same employees you have now? If you were to hire them, would you have them in the positions they are in today?

5. Learn which products are losing money, and either get rid of them or, at the very least, consider raising prices.

6. Determine the cost of the risks you don't know, such as potential inventory mismanagement, hidden product or service quality problems, and inaccurate or unrealistic financial statements.

7. Ascertain your company's ten top customers not only in revenue, but how much they are actually contributing to profits and the bottom line.

8. Evaluate and improve where needed the speed and quality of your cash flow and key metrics monitoring for a choppy, turbulent year ahead. For example, gauge how your company would be affected by unexpected developments such as declining profitability of your top customers.

9. Ask yourself whether your company is in a position to seize market opportunities. Those who focus on turning this economic downturn into golden opportunities will emerge winners.

10. Review your own performance over the past year and commit to working better and smarter in the coming year. What are your strengths and weaknesses? What areas are you willing to work on to improve your performance over the next year? Are you willing to seek help to uncover your blind spots?

About Gary W. Patterson

Gary W. Patterson, President & CEO of FiscalDoctor®, works with leaders who want to uncover their blind spots so that they can make better decisions.© He has helped  companies spanning supply chain, high tech, transportation, construction, and service industries. Patterson is a well-known speaker on enterprise risk management (ERM), operational risk management (ORM), strategic budgeting, risk assessments, leadership, and change management. His forthcoming 2012 book is titled Finding Your Million Dollar Blind Spots: What the CEO Needs to Know and Doesn't: The Why and How to Tell Your CEO." FiscalDoctor® offers services from a financial/operational assessment identifying key issues for resolution to a comprehensive enterprise risk management (ERM) review for creating a roadmap to achieve corporate vision and goals.

For more information on the FiscalDoctor, visit his website at www.fiscaldoctor.com. Patterson also offers a "free" fiscal fitness test at www.fiscaldoctor.com/fiscaltest.html. He can be reached at 678-319-4737.

© 2012 Gary W. Patterson All Rights Reserved. ###

Gary W. Patterson

Trusted Advisor

FiscalDoctor Inc.

Alpharetta, GA

781-237-3637