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Steve Rosvold

Steve Rosvold

As the Founder and CEO of KRM Business Solutions, Steve Rosvold understands that innovative and responsible financial leadership is critical for today’s businesses. Whether the goal is to grow exponentially or achieve stable profitability, this core function needs to be handled with intelligence, skill, and unwavering commitment. With over 30 years of experience in the corporate finance world, Steve Rosvold has honed his ability to drive change, improve profitability, and ensure long-term financial health for businesses. He founded KRM Business Solutions in 2003 to help Southwest Washington/Portland area companies equip themselves with the knowledge, processes, systems, and tools they need for success.

Innovation Can’t Thrive Without These Fundamentals in Place

Sound business systems precede innovation. Before innovation can be a catalyst to business growth strong business practices must exist. Innovation, the process by which an idea or invention is translated into a good or service, is a critical component of growth in many businesses.  Innovation relies on creativity, exploration and freedom. Frequently these characteristics are regarded as the opposite of discipline, control and structured process. However,…

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4 Things Your CEO Needs To Know For Sound Financial Management

A CEO, as defined by Investopedia, is “The highest ranking executive in a company whose main responsibilities include developing and implementing high-level strategies, making major decisions and managing overall operations and resources.”While a degree in finance is not required, good financial management is the result of having confidence that all pillars are being looked after to the extent that your processes are devoid of gaps. You can…

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What is the Human Capital Net Worth of Your Business?

Where would Microsoft be without Bill Gates? Google without Larry Page? Or the Miami Heat without LeBron James? For some organizations, net worth is directly linked to specific individuals. Otherwise known as human capital, Investopedia defines it as “A measure of the economic value of an employee’s skill set . . . the education, experience and abilities of an employee have an economic value for…

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Raw Material

Raw Materials: Are You “Buying Right”?

Early in 2014, a drought in Brazil caused a surge in coffee prices, affecting businesses a world away catering to latte-loving crowds. As the cost of coffee beans doubled, Starbucks was able to maintain its profitability—without raising prices—because it had locked in a year’s worth of supply at pre-drought prices. Green Mountain Coffee Roasters wasn’t as lucky; rising costs threatened its ability to turn a…

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Assessing The Health Of Your Business: The Art And Science Of Accounting

It pays to do things twice in accounting. Italian friar Luca Piacoli established that when he published the first book on double-entry bookkeeping in 1494. The practice is still being used today. Like Piacoli, who was well versed in a wide range of subjects, the art and science of accounting is all about timing and balance. Double-entry bookkeeping, which requires two-sides to every journal entry,…

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Do What You Do Best, and Outsource the Rest

Business process outsourcing – You are doing it already. Don’t be intimidated when you hear the term BPO, or business process outsourcing, bantered about at your next business meeting. You are doing it already. If you have an accountant do your taxes, an attorney help with documents or an advisor for your benefits plan, you are already using BPO services.

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The Right Business Banking Decision Matters: Here’s How to Get It Right

Need to fuel growth, to launch new initiatives, pay for equipment, or hire skilled professionals? Rewind a few years: the bank’s answer may have been a resounding “No.” Wary of lending, they clung to cash reserves. As the economy recovers, however, they know that loans drive profits. The stigma of write-offs from 2008 and 2009 may have sharpened the pencils of some bankers, but in…

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Merging Companies to Grow Profits? Read This First

When 1 plus 1 equals 3 its time to consider a merger. What’s driving your main initiatives? If you’re like many executives, it’s competitive pressure. To ensure short-term survival or profitable growth, leaders are searching for ways to reduce costs and increase distribution channels. How? Frequently, the answer lies with those same competitors, especially in industries with margin pressure or slow sales growth.

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selling your business

It’s Your Market: Position Yourself for a Profitable Exit When Selling Your Business

Good news, business owners: it’s a sellers’ market. A confluence of factors—economic recovery, rising stock prices, low interest rates, and the long-term investor portfolio shift to business acquisitions—has created a perfect storm, but instead of getting battered by the waves, as in years past, this front can steer owners towards a profitable exit strategy. How can you capitalize on this opportunity?

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