Mike Jackson

Providing CFO services and Business Transition Services in Metro NY/NJ and surrounding areas

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About Mike

Mike Jackson

Basking Ridge, NJ CFO

29 Years of Experience

Direct Contact

mikejackson@b2bcfo.com

908-331-2987

Universities:

University of Newcastle-Upon-Tyne

Certificates & Licenses:

ACA (Associate Chartered Accountant)

Organizations:

ICAEW (Institute of Chartered Accountants in England and Wales)

FENG (Financial Executives Networking Group)

Contact Mike Jackson 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™







Mike’s Bio

Mike has over 25 years of international financial and executive management experience and a proven track record of driving transformational initiatives to improve business performance. Having worked in start-up, steady state, growth and turnaround businesses he has substantial experience in developing and executing targeted business strategies to help companies deliver profitable and sustained performance.

Mike's career has covered progressively increasing senior finance leadership roles in a broad spectrum of businesses and industries. In roles ranging from controller of a $4M in sales private business to divisional CFO of a $550M global business division of a publicly traded company, he has insight and first hand experience in identifying the key drivers for a successful business, regardless of size or complexity. His wide industry experience includes security & defense, aerospace, automotive, process & industrial as well as service industries.

Throughout his career Mike has been a trusted advisor to business CEO's, helping them deliver their vision for the business. Possessing a hands-on and common-sense management style, Mike develops strong relationships with key internal and external stakeholders. This allows him to understand the critical issues affecting performance and to then influence these stakeholders to ensure consistent alignment to help create value.

His diverse background and knowledge, coupled with strong analytical skills, allows him to quickly identify problem areas and develop corrective action plans to steer businesses onto the correct path. On joining a loss making automotive and industrial business, he developed and led the implementation of a multi-year turnaround plan to restructure the business. Following cost containment measures, site consolidation, loss-making product line exits and improved working capital management, the business returned both healthy profit and strong cash performance, forming the basis for a successful future divestiture of the division.

Successful businesses need clear, accurate and timely financial information to guide them in meeting their goals and obtaining the necessary financing to continue on the growth curve. To achieve this, Mike has built high-performing finance teams with a clear vision of what is required to be effective and efficient. Mentoring and developing high performing individuals; implementing cost-effective and high quality shared service organizations; and allowing team members to take full ownership and responsibility of their functions, are some of the strategies he has utilized. Along with strong people is a need for suitably sized and efficient financial systems. Mike is experienced in developing financial controls, improving reporting systems and implementing IT solutions, including ERP systems, to meet evolving business needs. He has actively managed the IT function in several roles.

Having held overall financial responsibility, Mike has extensive knowledge across the full scope of the finance spectrum and is experienced in strategic and business planning, cash forecasting and control, receivables and payables management, inventory planning and control, margin improvement, cost accounting, the financial close and reporting process as well as tax and treasury. Mike has also managed internal and external audits; has experience in government contracting; served on the boards of companies; served as a member of the Audit Committee; implemented conversion to International Financial Reporting Standards (IFRS); designed sales commission and incentive programs; identified and investigated business frauds; and managed currency hedging and risk management.

Mike's international experience, in addition to starting his career in public accounting in the UK, has involved financial oversight of businesses in the Americas, Europe and the Middle East. In these roles he has been heavily involved in M&A transactions, performing numerous due diligence and integration projects and handling purchase and sale agreements. Integration activities have included closure of duplicated head-office functions; establishing harmonized financial and treasury systems; and operational integration of the acquired businesses into the new organization structure. On the sell side he was involved in preparing the memorandum for sale and presenting to prospective buyers on the sale of a global business division for $900M.

Born in the UK, Mike obtained his Bachelor of Science in Mathematical Sciences from the University of Newcastle-Upon-Tyne. He is a qualified Chartered Accountant (ACA) and a member of the Institute of Chartered Accountants in England and Wales (ICAEW). Mike and his wife Christine relocated to the US early in his career and had the opportunity to live in New Hampshire, Massachusetts, Virginia, California, Illinois and Michigan, before settling in Basking Ridge, New Jersey with their two children. Being a soccer family, there is rarely a time when someone is not playing, watching or coaching soccer. When not playing soccer Mike enjoys working on his golf game.

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Recent Articles

Feb 25Mike Jackson

Sales growth, cash, or both?

Feb 25Mike Jackson

  Remember what exercised your mind when you started your business? Most likely a combination of ‘how quickly can I deliver sales growth?’ and ‘do I have, or can I get, the cash I need to get started?’ But you were successful. You probably managed through some tough times, however you built your business into a comfortable position with loyal customers and enough cash in the bank to pay the bills. Life is good, but you want to kick on

Jun 17Mike Jackson

5 Tips to Survive a Spike in Demand

Jun 17Mike Jackson

I came across an interesting article in Industry Week by John Mills, discussing tips to manage a spike in ‘manufacturing’ demand. But it equally applies to non-manufacturing and service businesses. Below are extracts from the article and how they may relate to issues you are grappling with in managing growth in your business.       “1. Enlist your top performers. Managing a spike in work is no small feat. Rally your top performers across the line to assess what

Feb 17Mike Jackson

Is the Cloud really saving you money?

Feb 17Mike Jackson

Many businesses have moved aspects of their IT operations to the Cloud, often driven by anticipated savings in operational costs and infrastructure capital investment. But is your company really achieving the planned savings? In a recent Wall Street Journal article, Clint Boulton explored some of the lessons learned by companies that made the shift to cloud computing:   The benefits of shifting business applications to Web-friendly cloud services is proving far more complex than lining up a partner and flipping

Oct 14Mike Jackson

Small Business Optimism Stuck in ‘Second Gear’, NFIB says

Oct 14Mike Jackson
Speedometer Covered In Smoke

The National Federation of Independent Business‘s (NFIB) Small Business Optimism Index fell in September, as reported by Kathleen Madigan in the Wall Street Journal.  A sluggish outlook over the summer months, following a high in April, reflects a wary outlook from small business owners, with some underlying measures more aligned with a recession period than an expansion period. Downward pressure on future hiring and capital outlays is a likely consequence. Read the full report at: Small Business Optimism Stuck in ‘Second’

Sep 15Mike Jackson

8 Steps to Launching a Successful Crowdfunding Campaign

Sep 15Mike Jackson

In the entrepreneurial arena, Crowdfunding has taken off big-time in the last few years, becoming a multi-billion annual global marketplace.  Although it may not be a good fit for everyone, it could be a way to get initial financing to help get your new product or service off the ground. Entrepreneur Magazine recently ran an interesting article by Nathan Resnick, founder of Yes Man, outlining what he learned from several successful Crowdfunding campaigns. Read the article.

Aug 4Mike Jackson

Slow bank loan… Are you to blame?

Aug 4Mike Jackson

I don’t know how many times I have heard small business owners complain about the time it takes to obtain a bank loan, or even the time it takes to be refused a loan, but its a lot.  In a recent Wall Street Journal article, Ami Kassar makes some interesting observations and answers the question: Are you to blame for your slow bank loan? “Banks are notorious for their lengthy loan-application processes, which often take weeks to complete. Though the

Feb 3Mike Jackson

Super Bowl marketing genius, savvy small business owner or fun loving football fan?

Feb 3Mike Jackson

So the going rate for a Super Bowl ad is around $133,000 per second, way outside the realm of the small business owner.  But is it possible to parlay into this mega event at a steeply discounted price?  Perhaps we can learn a lot from Jeff Dennis, owner of Jeff Dennis Jewelry in Gardendale, Alabama. But first, let’s take a step back – so how many of you football fans, stuck with miserable numbers in your office pool, were praying

Jan 3Mike Jackson

Will the Affordable Care Act impact your hiring decisions?

Jan 3Mike Jackson

As businesses grapple with the Affordable Care Act (ACA), Duke University and CFO Magazine recently published their latest quarterly ‘Global Business Outlook Survey’ and there are some interesting findings on how the ACA may impact employment levels in the US. http://www.fuqua.duke.edu/newscontent/news_releases/cfo-survey-results-2013-q4 – .UsXhXf1egdt Although it isn’t surprising that US CFO’s voiced concern that the Affordable Care Act could have a negative impact on employment growth, the percentage of respondents indicating that their firms were considering reducing employment due to the