Welcome, Friends of Bill Huff
Huff Consulting goes beyond financial analytical techniques performed by other companies. We explore every aspect of your business to determine causes of cash flow difficulties as quickly as possible. We bring a fresh, objective, relative view to the situation. Where necessary, we bring in specialists to resolve issues unique to your company.
We help you monitor cash through proper cash flow management. The life of your business depends on it.
I truly want to take an active role in helping to shape Houston and surrounding areas economic future. I made a commitment this year that within my power and reach I would help make a difference with the growth and improvement of small businesses. This desire was further re-enforced by an editorial written by Thomas Friedman that indicated that between 1980 and 2005, 40 million jobs were created by new businesses that were 5 years old or less. I read that article with a great deal of amazement realizing that the failure rate of business start ups was real high. By the first year, 80 to 90 percent of new businesses fail. In spite of that, young businesses made a significant contribution to the sustenance of the U.S. economy. They are truly the engine and backbone of the economy. The value proposition is apparent as far as small businesses are concerned. The risk takers are there, (those who have the desire to start and do start their own business) and the pool of risk takers is growing at an alarming rate. But what about the existing risk takers, those who have passed the initial threshold of failure? Considering the backdrop of a limited funding environment, what small business owners need more than ever is improved focus and discipline in managing and operating their business. Especially, with this focus and discipline on cash flow management, businesses could grow and contribute to the economy at an increasing rate through job and value creation. With a concerted effort, there is a way to reduce the number of premature deaths that the U.S. economy experiences with business start ups. And with concerted effort, existing small businesses can improve their chances of sustaining, growing and adding to the economic value proposition at an increasing rate.
For you business owners that are running on vapors or nearly on empty as far as cash flow goes, there is “gold in them there hills”. You see, I am just country boy who has lived in the city all of his life. I can help you plant the field, I can help you harvest the field, and I can help you get the best price for your yield. You see my claim to fame is cash flow management and I have over 30 years of experience in finance, accounting, operations, business controls, compliance and auditing.
I am reminded of the story of the farmer who lived in Africa and was excited about looking for diamonds. He was so excited about looking for diamonds he sold his farm to go prospecting for diamonds. He wondered all over the country looking for diamonds. Time was quickly slipping by. He never found any diamonds. He lost all of his money and went completely broke. He was at a point of despair and decided to take a “swim”. So he threw himself in the river and drowned. Now the person who bought the farm, picked up some rocks that looked very unusual to him. It just so happens he told a passerby of what he had found and showed him the rocks. When the passerby looked at the rocks, he did some somersaults and flips, jumped ten feet high! You see the passerby was almost sixty years old and had seen a lot of things and had grown in wisdom and insight. The passerby told the farmer that those were not just ordinary rocks, they were diamonds! The farmer was standing on “Acres of Diamonds”. You as a business owner can grow your business once it has been properly planted, harvested and priced. A passerby can help you do that. If you feel like you are running on empty (limited cash flow), I can help you address your cash flow management problems by helping you work through them. Where necessary I can help you source funding once we have an appreciation for your short and long range intentions; financing requirements and constraints and; working capital needs.