Jim Anderson

Providing CFO services and Business Transition Services in Houston, TX and surrounding areas

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About Jim

Jim Anderson

Spring, TX CFO

39 Years of Experience

Direct Contact

janderson@b2bcfo.com

954-661-5709

Universities:

Masters of Business Administration (Accounting) University of Houston

Masters of Education in Counseling University of Houston

Bachelor of Science University of Texas at Austin

Certificates & Licenses:

Certified Public Accountant, 1985 (Texas License No. 36809)

Organizations:

Greater Houston Builders Association

Construction Financial Management Association CFMA

Greater Houston Partnership

The Woodlands Chamber of Commerce

Association for Corporate Growth

Financial Executives Networking Group FENG

Contact Jim Anderson 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™







Jim’s Bio

Jim is an experienced CFO, expert in developing the interconnection between finance systems and operating strategies, initiatives and goals, facilitating growth, improving operational performance, and increasing profits while building equity value.

With more than 30 years experience Jim has a career distinguished by a succession of top-ranking finance roles with growth and performance driven enterprises from small manufacturing sub-contractors ($10 million) to large commercial General Contractors ($800 million). He is a decisive, focused, and versatile CFO executive with uncompromising integrity.

As a key member of the executive management team for a $75 million construction company, Jim contributed to planning and execution of enterprise-level marketing expansion, strategies and decision-making. He initiated the decentralization of the accounting functions to a branch level through hiring and training accounting staff. Jim was solely responsible for the accurate reporting of all financial matters including GAAP statement presentation, selection of insurance providers, bond underwriters and banking relationships.

Since joining B2B CFO® in July, 2008, Jim has served many companies, ranging from $1,000,000 to $40 million in sales, supplying CFO Services on an as needed basis. Using his industry experience, he has developed a practice specializing in the construction industry. His clients include several specialty subcontractors, from utilities and site development to exterior curtain-wall. While each company is very different, they all share the same goal of increasing profit and cash performance.

One of the major advantages of hiring a B2B CFO®, is finding an experienced and trusted professional, who can instantly call on the varied experience of over 200 partners to get industry best practice knowledge for even the most challenging business venture. Jim will not only ensure that your financial picture is clear, but can also provide a wealth of incidental knowledge on issues like regulation, business development, business networking, software selection and employee management.

A native of Texas, Jim earned his Bachelor of Science from the University of Texas at Austin and his MBA from the University of Houston. He is also a Certified Public Accountant in Texas and has many ties in the Houston area. Jim has work experience in California, Texas, and Florida. Jim recently returned to his native Texas from 9 years in Florida. Jim is also active in his community, serving as Vice-President of his neighborhood HOA board of directors. In his spare time, you can find Jim fly-fishing in the Hill Country outside Austin, or the many waterways of South Florida!

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Recent Articles

Mar 4Jim Anderson

Business Owners Want More Time

Mar 4Jim Anderson
Timex Clock In Front Of White Background

A recent Inc Magazine/Manta survey of Small Business Owners listed their goals for 2012: 1. Grow the Business 2. Improve relationships with friends and family 3. Eat healthier 4. Work out More 5. Work less In other words Entreprenuers say they want more time and more energy. I can help. As a Partner with the national CFO Services firm, B2B CFO®, I provide affordable, professional financial management services to business owners. And sure, there are numerous benefits to hiring your

Mar 4Jim Anderson

First Quarter Points Toward Turnaround Actions and Strategies

Mar 4Jim Anderson
Man On Top Of Mountain

With the earnings reporting coming out now for the first quarter of 2012, it’s instructive to take a look at a few turnaround actions and strategies. We provide CFO services, typically for businesses of $1 million to $30 million in revenue, but we are always trying to learn lessons from businesses of all sizes, large and small. The first lesson we learned from watching the financial news this quarter is that leadership can really matter. Sometimes the hardest decision to

Mar 20Jim Anderson

9 Things Great Leaders Say Every Day

Mar 20Jim Anderson
Geese In Flying V Formation

People judge you by what you do — and by what you say. Here are nine phrases that should roll off your lips every single day. Your words are among your greatest tools. They’re a window into your vision, your values and your abilities. So, whether you’re running a giant organization or just trying to herd a group toward a certain outcome, there are messages you need to communicate constantly in order to lead effectively. Start every day planning to

Aug 30Jim Anderson

What CFOs Must Do Following a Merger

Aug 30Jim Anderson
Businessmen Fighting Over A Money Bag

Well before the ink is dry on any acquisition document, the astute CFO will know that one size does not fit all when it comes to delivering on the expected value of the transaction. But one element is true in all cases: proactive planning for a smooth close and first 100 days is the first step.   That’s because a finance chief needs to be armed with the knowledge and information that come from having a plan in place early.

Aug 6Jim Anderson

Four Key Revenue Recognition Considerations for Contractors

Aug 6Jim Anderson
Two Keys Next To Each Other

The Financial Accounting Standards Board (FASB) of the American Institute of Certified Public Accountants (AICPA) proposed a dramatic change in the way companies—including those in construction—accounted for revenue under Generally Accepted Accounting Principles (GAAP).  These changes are a direct result of plans to converge GAAP and the International Financial Accounting Standards (IFRS).  The goal is to reconcile different accounting standards and practices in revenue recognition, with debates going back to 2008. Unfortunately, the proposed new rules contained in the 2010

Mar 7Jim Anderson

When Is a Good Time to Sell a Business?

Mar 7Jim Anderson

  Have you been thinking about selling your business but just can’t decide when is the best time to sell? Do you find yourself repeatedly analyzing the economic situation and wishing you had a crystal ball? There are positive signs and there are negative signs….     If you are like many business owners you probably can’t quite decide whether or not to sell your business, here are six reasons you might want to consider in making your decision.  

Feb 20Jim Anderson

What is the Right Price?

Feb 20Jim Anderson

Nothing is more useful than water: but it will purchase scarce anything… A diamond, on the contrary, has scarce any value in use; but a very great quantity of other goods may frequently be had in exchange for it.                         —Adam Smith [1723-1790]   Traditional pricing methods have generally calculated price as “cost + profit.” Our experience has taught us that pricing is an art, not a science. Customers do not care about your internal cost or whether you make

Feb 10Jim Anderson

FASB Wants Firms to Forecast Loan Losses

Feb 10Jim Anderson

  The latest Financial Accounting Standards Board’s exposure draft on accounting for credit losses could bring sweeping changes to the way CFOs, accounting heads, and finance directors at banks and other financial institutions account for credit losses on their firms’ balance sheets.   An FASB exposure draft recently released requires companies to record on their balance sheets extra losses from the bonds or loans they are holding sooner than they used to. The proposal would also require corporate executives to forecast the

Jan 25Jim Anderson

Working Capital: The Good, The Bad, and The Ugly

Jan 25Jim Anderson

Working capital is the excess of current assets over current liabilities and is a financial measure of liquidity or ability of a business to meet its obligations.  Current assets include cash, accounts receivable, inventory and other assets that are expected to be converted to cash within 12 months. Current liabilities include accounts payable and accrued expenses for salaries, taxes, interest as well as loan payments and other liabilities due within 12 months.The GOOD news is that effective management of working capital

Jan 10Jim Anderson

Combating Construction Fraud

Jan 10Jim Anderson

Jim Anderson is a Partner with B2B CFO®, with over 30 years industry experience in construction.  As a partner with B2B CFO®,, a national firm of 150 partners, he provides outsourced Chief Financial Officer services to small and mid-sized companies.   Construction projects are minefields of potential financial risks for the unprepared contractor.  Equipment theft, substandard materials, false pay applications, inefficient labor, bid rigging and bribery are just a few of the fraudulent activities that can take place on a

Dec 23Jim Anderson

Three Resolutions CFOs Must Make for 2013

Dec 23Jim Anderson

  Next year, companies should hoard cash, look at reinventing health-care benefits, and get vigilant about data security, one finance chief insists.   Like every year, 2013 will present new challenges. Are you ready? It turns out the Mayans were wrong!  It’s a new beginning not an ending.   Yes, it’s almost that time again – the time for New Year’s resolutions. The idea of making resolutions might bore you, or you might think you don’t have enough time for

Dec 1Jim Anderson

Have You Hired the Right Bank?

Dec 1Jim Anderson

The banker said,“I wish potential clients would perform a little due diligence, or at least a half hearted attempt to find out if we are a good fit for their company.” He went on: “The deepest questions I get are: “How much will you lend me?’ and, “What will it cost me?” Upon further thought, I had the following considerations: A typical bookkeeper, office manager, accountant or controller will usually cost a company between $25,000 and $90,000 annually (plus taxes

Nov 19Jim Anderson

The Benefits of Outsourcing CFO Services

Nov 19Jim Anderson

Do you feel like you could use the services of a CFO? Do you lack the resources to add one to the payroll full time? If this sounds like you, no need to worry. Part-time CFO services are just a click away. What are the benefits to outsourcing CFO services? • Better controls. Often, small companies lack a separation of duties. One person is performing all of the financial tasks. This is a situation that can lead to fraud and

Nov 5Jim Anderson

Are You Ready for 2013?

Nov 5Jim Anderson

  Are you ready for another year? Do you have a marketing and sales plan that helps you know which customers to target in the upcoming year? With that information, have you created a budget for the year? Do you have clear goals for the year and do you have a way of measuring your success in achieving those goals?       The best companies that I’ve encountered have tremendous focus on their customers and know whom they want

Oct 30Jim Anderson

Where Does The Bottom Line Actually Start?

Oct 30Jim Anderson

Have you ever wondered where the “bottom line” starts? It actually doesn’t start on the bottom. The “bottom line” starts up higher on the income statement with a healthy gross profit margin (GM). Simply stated, GM is the value of sales less the total cost of the product or service sold. It is a critical measure in any business. An expanding GM line is the result of good decision making about the price and cost of your products or services.

Oct 16Jim Anderson

Outsourcing Senior Executive Positions in Your Company

Oct 16Jim Anderson

  The first question is this: Why Do I Need to Outsource Anything?   Now, that’s a good question. After all, you’re probably an entrepreneur and, as such, you’re a successful individual who can handle many different aspects of the company. You came up with the initial concept of your company, right? And we bet you built it from the ground up. You’re also the best salesperson for the company, too – sure, you finally had to hire a salesperson,

Aug 17Jim Anderson

The “5 C's of Credit” What Do They Mean to Your Small Business Loan?

Aug 17Jim Anderson

One of the most common questions among small business owners seeking financing is: “What will the bank look for from me and my business?” While every bank has its own unique criteria, many use some variation of “the five C’s of credit” when making credit decisions. Broadly speaking, they are: • Character • Cash Flow • Collateral • Capitalization, and • Conditions Let’s take a look at each of these ingredients and review how they may impact your funding request.

Jul 24Jim Anderson

Dealing With People

Jul 24Jim Anderson

  As a business owner dealing with people is part of the job. How you deal with those people however is a choice you make each day. Have you ever noticed when you offer advice and feedback to some people they accept it and grow, but with others, you tell them over and over and see no change? There is a reason for this. Dr. Henry Cloud, in his book “Necessary Endings”, speaks to this topic. Dr. Cloud uses the

Jun 18Jim Anderson

Strategic Analysis: Building Profitability and Business Value

Jun 18Jim Anderson

Have you taken a strategic look at your business lately? Shrewd business operators know you cannot manage a company optimally without understanding your current position in your industry and contemplating alternative ways forward. Where do you want to be in 3-5 years? In helping our clients with strategic planning, we generally consider the following: • Current Competitors– How well do you know your competitors? What are their strengths and weaknesses? How do you compete with them? How can you beat

Jun 4Jim Anderson

Top 10 Reasons Businesses Fail

Jun 4Jim Anderson

Top 10 Reasons Businesses Fail Most business owners and executives I know are passionate and hard working, and failure is not in their genes. Unfortunately, many businesses do fail, more so in today’s tough economic climate. You should be alert to these warning signs below and understand they may be fatal if not properly addressed. 1. Low Sales- You will be in big trouble quickly if there are not enough sales at a price high enough to cover your expenses

May 26Jim Anderson

Taking Financial Control Of Your Company

May 26Jim Anderson

Many small and mid-sized companies have basic accounting systems. They have a book-keeper, maybe a Controller. They have an accounting system – probably QuickBooks, or possibly a more advanced product. What they usually don’t have – and what for many is a major weakness – is a coordinated Financial Process. Jim Collins, entrepreneurial author and guru, says there are plenty of great mousetraps but not very many great processes and that’s where entrepreneurs should focus. The better process will enable

May 21Jim Anderson

Why You Need A CFO

May 21Jim Anderson

Why You Need A CFO Sometimes the hardest task I have, is to explain to business owners and my networking contacts what exactly a CFO does. In simple terms a CFO is a highly experienced financial executive, who can help drive your business to greater profitability and end value using a variety of techniques and analysis to forecast and shape your financial path. Have you ever considered that not recognizing the need for and value of a CFO can kill

May 9Jim Anderson

The Woodlands CFO – Danger Signs for an Accounting Department

May 9Jim Anderson

Year End Audit Surprises If your outside CPA adjusts your net income by more than 5% of net income, then you have a problem. Your internal accounting department should be able to report financial statements with 95% accuracy. Greater than 6 Year End AJE’s A company should not have more than 6 to 8 year-end adjustments from their CPA firm. If the number, not just the dollar amount, is greater than ten; then you need to improve your processes. High

Mar 27Jim Anderson

Behave Your Way to Obtaining Capital for Your Business

Mar 27Jim Anderson

In his book, The Seven Habits of Highly Effective People, Dr. Stephen Covey recounts a conversation with a man who hated attending out-of-town training events. The man explained that his wife calls and hounds him on every detail of the day, whom he dines with, etc., and that he felt imprisoned by it. He also volunteered to Dr. Covey that he met his wife at a similar event at the same time he was married to someone else. Dr. Covey

Mar 26Jim Anderson

Five Steps To Create Effective Cash Flow Projections

Mar 26Jim Anderson

Creating effective cash flow projections is important for every business. The frequency depends on the stage of your company: stable and steady, monthly is fine; high growth, crisis, or contracting, weekly is imperative. The layout in its simplest form is: Beginning Cash Balance + Cash Receipts (In) – Cash Disbursements (Out) = Ending Cash Balance. To have a valuable tool, follow these five steps: Reconcile Bank Account It is important to start with a reconciled checkbook balance. Caution do not

Feb 26Jim Anderson

FIVE WAYS TO IMPROVE CASH FLOW

Feb 26Jim Anderson

“Cash is the life blood of any business”; and “Cash is king!” are two well known statements for business owners stressing the importance of cash. If cash is essential to all business, why do companies (or families for that matter) struggle with cash flow? Simply stated: They spend more than they earn. You may be thinking, “WOW, that’s absolutely brilliant!” or more likely, “life just isn’t that simple”. The problem may be straightforward, but how about solutions? Let’s look at

Jan 5Jim Anderson

Using LinkedIn for Marketing

Jan 5Jim Anderson

Using LinkedIn for Direct and Indirect Marketing There are many social media tools available, but many business owners would agree that LinkedIn is a very helpful and useful tool for most business people, and one of the best tools for making valuable business connections. It is great for connecting with prospective clients, research prospects, stay in front of prospective employers, build awareness of your company and expand your circle of business contacts. The first step toward getting started with LinkedIn

Oct 3Jim Anderson

Combating Construction Fraud

Oct 3Jim Anderson

Construction projects are minefields of potential financial risks for the unprepared contractor.  Equipment theft, substandard materials, false pay applications, inefficient labor, bid rigging and bribery are just a few of the fraudulent activities that can take place on a construction project.  Who commits these crimes?  Really, it could be anyone, regardless of gender, age, position of responsibility or tenure with the company.  As long as there are situational pressures, opportunity and rationalization in the mind of the perpetrator, fraud will