Building a Winning Finance/Accounting Team

Without the right financial professionals, companies can struggle needlessly. Many good businesses go through tough times, and even go out of business, because cash flow wasn't properly projected and managed. Business owners who don't have the proper support and assistance when they review financial results are unable to see if any operational changes would help. A savvy controller or chief financial officer can help you decide if changes in pricing, product line, capacity or sales channels make your business more profitable. This article by David Rudofsky, from the May/June 2006 issue of "New York Enterprise Report" gives advice on how to build a winning finance/accounting team.

MuscleMorph wins Wharton Biz Plan Contest

MuscleMorph won the 'Wharton Entrepreneurial Programs annual business plan competition and first prize of $20,000 on April 25th. The team included Rahul Kothari, a Wharton MBA student and Rodrigo Alvarez, an inventor and doctoral student in bioengineering at Stanford University. MuscleMorph's most promising initial application would be prosthetic limbs -- including those used by 1.8 million amputees in the U.S. Other finalists in the competition included Biometric Payment Solutions, Focus Therapeutics, Home-Base, iBroker, IntelliStem Orthopaedic Innovations, Leto Pharmaceuticals, and OrthoLab Technologies.