Terry J. Eve

Providing CFO services and Business Transition Services in South Florida

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About Terry

Terry J. Eve

Jupiter, FL CFO

43 Years of Experience

Direct Contact

teve@b2bcfo.com

office 561.459.6262

Universities:

Certificates & Licenses:

Organizations:

Contact Terry Eve 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™







Terry’s Bio

Terry has over 30 years of progressive financial and operational management experience in a broad array of industries involving companies with operations ranging from start-up to in excess of $400 Million in revenues. Terry's career includes both domestic and global companies including international financial management as an expatriate on two separate continents.

Sustainable, profitable, growth sums up Terry's outlook on the objectives of growing businesses. Developing the firm's strategic plans and organizing the related financing required to achieve that growth are an integral part of the CFO's responsibility. Terry's varied and extensive background helps entrepreneurs solve their business problems through business planning & execution coupled with accountability models as well as assisting business owners with developing and executing exit strategies.

Terry is a hands-on professional financial manager with a demonstrable track record of success. His accomplishments include oversight and development of key company metrics impacting finance, sales and operations, the ability to report accurate & timely financial information and to help senior management interpret that information to impel and direct operations management to the attainment of the organization's mission and vision. Terry also has an extensive background in financial information systems with platforms ranging from Quick Books to Oracle Financials and many mid market accounting systems in between.

His past roles have included Chief Financial Officer, Chief Operations Officer, Chief Information Officer, V.P of Finance & Administration and V.P. of Administration as well as Corporate Controller of a start up that grew from zero to $100 Million in revenues in twelve months.

Terry has a B.B.A. in accounting from Florida Atlantic University in Boca Raton, Florida and has been a resident in the Jupiter-Tequesta Florida area since 1973 where he presently lives with his wife Brenda. When not involved in assisting his clients, Terry enjoys the Florida life style including boating, fishing and golf.

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Recent Articles

Nov 2Terry Eve

Androcles, an Aesop Fable applied to Business

Nov 2Terry Eve
Gratitude

Androcles (Fable Paraphrased) A roman slave, Androcles, had escaped from his master. As he was escaping he came upon a Lion and when he started to flee the Lion, Androcles realized the Lion was not in pursuit. Soon Androcles returned to find the Lion with a thorn in his paw and in great pain. Androcles removed the thorn and bandaged the wound. The Lion licked Androcles hand like a dog. The thankful Lion took Androcles to his cave and brought

Sep 25Terry Eve

Business Planning Part 2

Sep 25Terry Eve
Man Writing Notes By His Laptop

My previous post discussed a number of considerations for preparing a business plan. This post discusses the remaining considerations for completing your plan. Operations This section deals with the operating parameters. Things considered here include, where will we locate the business, what is the anticipated facilities cost in terms of rent, space build out if required, the manufacturing plan, and research and development as applicable. Also special considerations like “lean” processes, six sigma quality and other differentiating features of your

Jun 9Terry Eve

Business Planning

Jun 9Terry Eve
Laptop On A Table

Business plans are an essential part of running a business. The starting point is goal clarity which was discussed previously (drop me a note if you need more information). Once you have set the major goals it is time to put a plan in place on how you will attain those goals. So why is this process important and how is it used? The discussions and decisions made during the planning process, the ability to articulate clearly the firm’s goals

Apr 18Terry Eve

Killing the Goose that Laid the Golden Egg

Apr 18Terry Eve

I think we are all familiar with this famous fable. Seems a goose would lay a golden egg every day. Gold is very dense and an egg of gold would weigh? Let’s be conservative and say a pound, that is approximately $28,000 per day amounting to over $10 Million per year. But after a while, that income stream was not enough. So the owners decided to cut open the goose and take out all of the gold. But we all

Dec 9Terry Eve

Headed for the (Fiscal) Cliff

Dec 9Terry Eve

The executive and Congressional branches of Government continue to allow the US economy and thus citizens to continue to head toward what has been dubbed “The Fiscal Cliff”. So what is the Fiscal Cliff? Tax cuts were made to provide the economy more liquidity after the terrorist attack of 9/11. These cuts were set to expire several years ago, but were extended due to concerns about the impact on the economic condition of the country. Additionally, as part of raising the

Nov 20Terry Eve

Is Your Business Ready for the What Ifs? Succession Planning Is the Key

Nov 20Terry Eve

As South Florida works through yet another hurricane season, it’s time to focus on succession planning for your business. The way the weather can whip through and change anything in this area can be a good wake up call for business owners. Do you have a way to sustain your business should something happen to you, as the business owner? If not, you could be putting your business, not to mention every employee’s job and your family’s financial well being

Sep 30Terry Eve

The Discovery Analysis – The First Step in the B2B CFO® Six Step Process

Sep 30Terry Eve

The Discovery Analysis TM is how a relationship with B2B CFO® get’s started. The process begins with confidential interviews with the CEO, business owner(s) and is then expanded to include other key members of company staff. This allows our Chief Financial Officers to best determine what issues the company faces on a day-to-day basis. Additional company information is gathered including financial statements, tax returns and business plans to better understand the company’s financial status, profitability and cash flow as well as

Sep 19Terry Eve

Meetings, Meetings and More Meetings!

Sep 19Terry Eve

a/k/a Death by Meeting “Football incorporates the two worst elements of American society: violence punctuated by committee meetings.”~ George Will Have you ever calculated the cost per hour of one of your “Management” meetings? Simple to do, take the hourly rate for each participant time the amount of time for the meeting. As Batman’s Riddler would say, “Answer me this, WAS IT WORTH THE COST????” Chances are if you are honest, many are not. So how do you get the

Aug 25Terry Eve

The Role of A CFO

Aug 25Terry Eve

Why does every business regardless of size need a CFO? To answer that question, we will look at the role of the CFO and relate that role to the requirements of all businesses, regardless of size! Control Function The first area is known as the control function. This area is generally operated by accountants known as, are you ready for this, Controllers.  This function is primarily responsible for the accuracy and timeliness of the financial reporting of the organization. They

Aug 1Terry Eve

Succession Planning

Aug 1Terry Eve

Succession When is the last time you took time off for vacation? How long were you away? Who ran the show in your absence? In college my management professor said “You can tell of the quality of a manager by how long he can be away without being missed!” But the sad reality is that most managers cannot take time off because there is no one to “watch the shop” in their absence. But this blog is not just about

May 24Terry Eve

Tactical Execution

May 24Terry Eve

You have gone through the planning process, set goals and developed a strategic plan. But all of those things are not worth the paper they are written on if you do not have the ability to execute! Tactics are where the rubber meets the road in implementing the strategic plan. It is the” how you get it done” activities that drive the organization toward the desired goals and objectives. They “tie back” to the key productivity indicators required to assure successful

Apr 2Terry Eve

Wow, Where Did Today Go?

Apr 2Terry Eve

Have you ever said to yourself “There just aren’t enough hours in the day?” Most entrepreneurs ask themselves that question daily. It may take different forms, but the meaning is the same, you just cannot do it all yourself! A recent Fox Small Business article titled “How Much Would You Pay for an Extra Hour a Day?”  By Donna Fuscaldo (Read Article) explored this question and while it focused primarily on information technology, (as described below a minding activity by

Feb 9Terry Eve

I-9s – How to Help Reduce Compliance Risks

Feb 9Terry Eve

The immigration form I-9 is required for the hiring of employees by all employers. Just like you get an application form, W-4, and benefit documents at the time of employment, the employer is also required to to make sure the employee is eligible to be hired through the completion of the current I-9 form. Failure to comply is $10,000 per occurrence, a risk most companies cannot afford to incur. Timing Remember that completion of the I-9 is after the employee

Jun 24Terry Eve

Changes Coming to W-2s and 1099s, be prepared!

Jun 24Terry Eve

Tax compliance requires changes to W-2s and 1099s. Plan now to be prepared!

Apr 9Terry Eve

Personality Testing as a Hiring Tool

Apr 9Terry Eve

In A Fox Small Business Center article on March 4, “Should Businesses Hire Based on Personality?” author Toddi Gutner looks into the use of personality profiles as a means of screening candidates for employment. (Read Article) Her article shows both champions and naysayers of these tools. The “naysayers” look at alternatives and the “champions” sing the praises. Both make good points. I am a big fan of profiling tools. I have used both DISC and the Predictive Index. There is

Apr 4Terry Eve

Why I joined B2B CFO® Five Years Ago!

Apr 4Terry Eve

A March 4th Fox Small Business center article, “For Many Entrepreneurs, Life Begins at 50” by Rieva Lesonsky)(READ ARTICLE) reminded me why I joined B2B CFO® 5 years ago to Provide Part-time CFO services to South Florida businesses from in Jupiter, Florida.

Mar 28Terry Eve

1099 Bill may not pass the Senate! Really?

Mar 28Terry Eve

The house passed a bill the first of the month eliminating this provision from the Healthcare bill. However the Senate disagrees with the approach to keep it “revenue neutral”. In my opinion this is a bogus issue and Congress simply needs to eliminate this provision.

Mar 16Terry Eve

Florida’s Weak Banks Hinder Small Business

Mar 16Terry Eve

A weak banking system continues to impact South Florida business. The overexposure to real estate is now moving from the residential to the commercial real estate markets which will continue to pressure the capital of South Florida banks.

Mar 10Terry Eve

7 Steps to Improving Cash Flow

Mar 10Terry Eve

I don’t think I have ever visited with a business owner who didn’t think his cash flow could be improved. So when I become a part time CFO for a company, Cash Flow and Cash Management is the first area I look to improve.

Mar 6Terry Eve

A CFO’s impact on Increased Company Value: Part 2 – Intrinsic Value Drivers

Mar 6Terry Eve

So I pose the question, why would two companies in the same industry and same earnings have a different multiple applied to earnings and ultimately a different valuation?

The key here is the risk return tradeoff. That is the higher the risk, the lower the multiple. It is the intrinsic value drivers that mitigate risk and increase the company value

Feb 26Terry Eve

A CFO’s impact on Increased Company Value: Part 1 – Extrinsic Value Drivers

Feb 26Terry Eve

Measuring company value shows the company’s progress over time. It should be part of the owner’s business plan and measurement metrics for how the business is progressing. Goals should be set and value measured.

To understand how a CFO can help increase company value, it is important to understand both the extrinsic and intrinsic value drivers of a business. This blog will cover extrinsic value drivers.

Feb 22Terry Eve

Role of a CFO

Feb 22Terry Eve

The CFOs role consists of the main functions of 1) Finance; 2) Accounting and Finance Control; 3) Treasury; and Development and implementation of comprehensive strategic exit plans.

Feb 13Terry Eve

Why I am a CFO in Jupiter Florida!

Feb 13Terry Eve

Jupiter is no longer the sleepy little town of yesteryear, but is quickly becoming the Bio Tech community of tomorrow, complete with a University, Scripps Research, and Max Planck Society.

Feb 3Terry Eve

Effective Information Technology

Feb 3Terry Eve

A Fox Small Business article “Synchronizing IT Investment With Business Strategy” by Dan Briody last November 5 speaks to how a small business owner needs to effectively operate like a large company in order to leverage technology to grow their business. (READ ARTICLE) Having been a CIO at one point in my career, as well as directing I.T. in a number of my positions, I too believe that there can be significant gains for entrepreneurs and their businesses if they more fully

Jan 25Terry Eve

Advisory Board & Alternatives

Jan 25Terry Eve

A recent Fox Business News article by Cindy Vanegas “Tips for Creating an Advisory Board” discusses use of an advisory board by entrepreneurs. (Read Article) I have worked in a number of companies which have or were considering use of an advisory board as well as discussing their use with clients. I feel an advisory board can be of benefit in certain circumstances, predominately assistance in marketing and opening doors. Finding the right advisors and clearly defining their role and

Jan 19Terry Eve

Does My Company Need a CFO?

Jan 19Terry Eve

CFO, Lending, Loans, Financing

Dec 8Terry Eve

Unemployment Rate inches up to 9.8% nationwide in November. Why? Here is my take!

Dec 8Terry Eve

The unemployment rate is up in November and will remain higher than all like for the foreseeable future and here is why.

Nov 22Terry Eve

Time to Give Thanks to your Mentor(s)!

Nov 22Terry Eve

Nolan Busnell’s article The Value of Mentoring made me think, who are my key mentors?

Nov 16Terry Eve

Credit still tight on Main Street – NY Fed report

Nov 16Terry Eve

While credit is tight on mainstreet, you can improve you odds for successfully funding the growth of your business.

Nov 3Terry Eve

How to Build a Bulletproof Company Culture

Nov 3Terry Eve

Based on an Inc.com article by John Warrillow, Use your company culture to enhance company value and sustain the ideals that make your company successful.