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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.

What Every Buyer and Seller Should Know

Two of the most critical financial transactions any business owner negotiates occur on opposite sides of the table. The day they buy their business and the day they sell it. Although the objectives are different the analytical building blocks to successfully buying or selling a business are the same.

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How Technology has Affected Financial Reporting

In the last decade, the corporate world has witnessed many changes and technology has permeated every aspect of business, including financial and managerial reporting. Below are three areas where the impact on reporting has been the most significant. If your company isn’t realizing the benefits from these changes, it’s missing a golden opportunity.

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good business controls

Restrictive? Hardly. 6 Ways Good Business Controls Benefit Your Company

In a swift and dynamic environment where business is often conducted at our fingertips, maintaining transparency is essential and having good business controls is fundamental. Contrary to the notion that they are restrictive and binding, good business controls can bring numerous benefits to your company:

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Risk Controls

Don’t Miss the Danger Signs: How to Monitor Your Risk Controls

As advanced as an Internal Control Plan can be, it is not self-sustaining. Independent and/or ongoing evaluations are required to determine if each component is functioning effectively, and to allow deficiencies to be addressed in a timely manner. Monitoring is the process of comparing what you would expect to what actually happens. Within the Committee of Sponsoring Organizations of the Treadway Commission (COSO) framework, that…

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Mitigating Risk: Developing Controls that Fit You and Your Business

“One-size-fits-all” really only works…when it “fits”. Tailoring is required when buying a suit or developing your business controls. Right-sizing your controls will protect your organization. Developing control activities for your business is no different. If they aren’t right-sized, you will be too vulnerable or too restricted to successfully grow your business. Control Activities Through policies, processes and procedures, control activities are the actions taken to…

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Don’t be Vulnerable – Properly Assess the Risks in Your Business

In my recent article, “Balancing Act: Do You Have Too Many Controls, or Too Few?” I summarized the COSO framework for managing risk. In this article, I dig deeper into the assessment side of managing risk. How well does your management team know the risks imbedded in your business? Understanding risk in your organization is instrumental in protecting and successfully growing your company. By practicing…

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No Blind Spots: An Assessment Tool that Leads to Success

Every trade and every industry has a strategy to help ensure success. For carpenters and tailors, there’s the old adage, “measure twice and cut once”.  For businesses, the path to maximizing your likelihood of success lies in taking the time to do a full and proper assessment of your business systems, people and practices.

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Balancing Act: Do You Have Too Many Controls, or Too Few?

Can you imagine working for a company where employees frequently had to make exceptions to get things done? Or where deadlines were constantly being missed?It takes great skill to run a business effectively. Too much or too little control can result in failure. However, finding the right balance is achievable if you know what to look for.Understanding ControlsControls are the guides and related principles that…

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Boost Your Career By Solving This Problem For Your CEO

Movie marathons, holiday parties and star gazing by a campfire are worthy pursuits for staying up late and waking up tired. Worrying about work doesn’t qualify as a good reason for sleepless nights.If your CEO is awake at night worrying about work, there is a good chance it’s due to one of the reasons in the following paragraphs. Recognizing and resolving them can give a…

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How Any Business – Small to Large – Can Develop A Sound Financial Plan

Developing your financial plan from your strategic vision is a critical step in moving toward your dream. Financial plans can be as rudimentary or as complex as you desire, but no one gets too far without some form of plan. A sound financial plan is vital for any size of business – from small startups to large corporations. It’s like a compelling novel, telling the…

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