My 1st Bday… Again! (Because apparently, I’m a Toddler)


My 1st Bday… Again! (Because apparently, I’m a Toddler)

So, here we are. Another lap around the sun. One more year stacked onto the fifty, making it fifty-one. Yes, you heard that right. I’m practically ancient, yet still possess the youthful exuberance of a person who just discovered coffee. Does that make me wiser? Oh, absolutely. My brain is now a veritable encyclopedia of useless facts and existential dread. It feels less like aging and more like I just unlocked a new, slightly more achy level, probably with some utterly fascinating bonus features like inexplicable joint pops. This year feels like a proper “new beginning” for the last part of my life, assuming I still make it to 75. You know, just throwing that out there to the universe, manifesting good health, and trying not to trip over my own feet. Because that would be tragic.

Over the past 51 glorious, chaotic, and occasionally questionable years, I’ve had my fair share of ups and downs. My personal life has been a rollercoaster (the kind where you constantly question your life choices mid-loop), and my professional life? Let’s just say it’s been a character-building exercise that apparently involved a lot of soul-crushing bureaucracy and people who majored in “being difficult.” I’ve had moments of pure joy that made me feel like I was floating on a cloud made of kittens and rainbows, and moments so sad I questioned if gravity had a personal vendetta against me. It’s all part of the charming narrative, right? A real page-turner, I assure you.

This year, my birthday landed on a Tuesday. A working day. Gasp! The sheer inconvenience! But I, in my infinite, dazzling wisdom, outsmarted the corporate overlords by taking both Monday and Tuesday off. Monday was dedicated to “home stuff things” – which sounds incredibly vague but basically means I engaged in the thrilling sport of moving dust from one surface to another and pretending it was productive. Tuesday, though? Oh, Tuesday, May 27th, was all about me. And by “all about me,” I mean I successfully avoided all significant human interaction not involving my immediate family. Peak self-care, folks. You should try it. It’s truly revolutionary.

Just as a side note, I’m writing this for me to read when I’m 61. So, hey, future me! Hope you’re still fabulous and haven’t forgotten where you put your keys. Also, please tell me you finally got that thing fixed. You know the one. The one that’s been perpetually almost-fixed for years. I’m sure you got right on that.


May 27th – My Day: A Masterpiece of Mundanity (and Presents!)

The morning kicked off as usual, with me rolling out of bed around 6:15 a.m. and embarking on the thrilling adventure of taking the trash cans to the curb. Yes, Tuesday is trash day. Because nothing says “Happy Birthday” quite like the sweet symphony of a garbage truck at dawn. What a glamorous start to my personal new year, I tell ya. Truly the stuff of legends.

Then, until about 7:30, I consumed the daily dose of national anxiety via the news. We’d just had presidential elections, and let me tell you, politics is currently all over the place. We’re the proud (and slightly bewildered, but mostly just exhausted) nation that somehow ended up with a provisional president due to “external interference” in the election process. Because, naturally, we couldn’t possibly manage our own affairs. And a provisional parliament because the prime minister decided to play political games and then, with impeccable timing, resigned. Now, the real fun begins: trying to mitigate an approximate 9% budget deficit and avoid major macro-economic issues and economic defaults. You know, just light, casual birthday morning viewing. Nothing to see here! Everything’s fine!

After that delightful dose of reality, I took a long, long shower, mostly because I was stalling until my significant other and daughter finally decided to grace the world with their presence. Around 8:15, everybody finally creaked to life, and I got my birthday presents. And guess what? They weren’t socks! I repeat, not a single pair of socks. It’s the small victories, people. The ones that truly indicate you’ve won at life.

We finally piled into the car and drove to Cluj for a fun day. There, we had a nice lunch at a restaurant my significant other (bless her culinary wisdom, she does have some good ideas) had chosen, followed by a small, leisurely walk downtown. After a quick visit to the mall (because apparently, you can’t have a fun day without at least Browse things you don’t need and judging people’s fashion choices), we came home around 6:30 p.m. It was perfect. No grand gestures, no skydiving, just good food, good company, and expertly avoiding my actual responsibilities.

This year, my birthday was entirely about what I want, not about what I need. Because after 51 years of vaguely adulting and being a responsible member of society, I figured it was finally my turn. Revolutionary, I know.

What’s one thing you’ve always wanted to do for your birthday, but felt you needed to skip? Share your dream birthday indulgence!


The Decades: A Semi-Serious (Mostly Humorous) Retrospective

I remember when I turned 20, my guiding principle was: “Let’s focus, get school done, get a job, and make some money.” Ah, the naive optimism of youth. So adorable. At that time, I even managed to save enough to send my parents on a two-week, fully paid vacation. I was, and still am, incredibly proud and happy I could do that for them. It was my first taste of financial independence and the pure joy of spoiling someone else. Highly recommend. Try it sometime, if you have any money left after paying taxes.

When I turned 30, I thought to myself, “Let’s enjoy and make better what I’ve achieved.” In this period, I made several significant life steps: got married, got a house (which, let’s be honest, is just a giant money pit disguised as shelter and a constant source of DIY projects you’ll never finish), and got car(s). I was more or less behaving like an adult, experiencing the glorious highs and the soul-crushing lows of life. It was basically a montage of me learning to pay bills and occasionally wondering if I’d chosen the right path. Spoiler: no one ever truly knows.

Turning 40 made me declare: “No more bullshit, no more compromises in life.” If I had something to say, I said it straight out. Usually with a very direct, no-nonsense tone that probably startled a few people who were used to my more compliant, younger self. This decade brought some very happy and some very sad moments, but it was also a period of immense self-development. I finally mustered the patience (a rare commodity for me, right up there with free time) to start and finish my PhD in Economics. Yes, I brained hard. Don’t be too impressed; it mostly involved reading very long, very dry papers.

During this time, I also discovered that I actually like teaching at the college/university level, even though the pay was… well, let’s just say it was character-building. As in, it built my character and my debt. I wanted to see if I could meet the requirements of higher education as a teacher. After about 6-7 years, I had to face the harsh reality of no commitment and no real desire from the university to offer me a permanent position. I guess in this regard, I couldn’t be the “kiss-ass” personality they apparently expected. My apologies, I must have missed that memo. So, I didn’t play along with their “politics” and gave it up. It simply wasn’t worth the effort. My 40s truly showed me what I can do and what I am capable of doing, especially when I refuse to bend the knee to bureaucratic nonsense. Who knew integrity could be so inconvenient?

But the real, undisputed highlight of my 40s? Discovering that I love being a dad to my daughter. My daughter is turning 9 now, and even though she makes me absolutely bonkers sometimes (like when she decides her room is a biohazard zone that only she can survive, or she questions my taste in literally everything), I still love her very, very much. She’s proof that I can handle chaos and still manage to produce a semi-coherent sentence. Most days.

Looking back, what’s one “decade-defining” moment or lesson that completely changed your perspective?


And Now? The Grand Plan for 51 (and Beyond)

I guess now, having turned “one” (plus 50, but who’s counting?), I’m thinking I have to take more care of me. To be more oriented towards my own well-being. I want to enjoy, savor whatever is going on and whatever I’m involved in. Call it a mid-life re-evaluation, call it finally learning from my mistakes, or call it just being tired of everyone else’s nonsense. Pick your poison.

Don’t get me wrong, I am by far not an egoist. Never was, never will be. I’m just now considering that I should also put myself on the first place and enjoy and afford whatever makes me feel good. It’s not about being selfish; it’s about finally realizing that if I don’t fill my own cup, I’ll just be running on fumes. And nobody wants to be around a fifty-something running on fumes. Trust me. It’s not a good look.

What’s one small “want” you’re going to prioritize for yourself this week, even if it feels a little bit selfish?


Final Wisdom for Future Me (and Anyone Else Still Reading)

Sixty-one-year-old me, if you’re reading this, I truly hope you’re still having a blast, still doing cool stuff, and hopefully, you’ve finally figured out how to use that newfangled smart home device. And if you’ve forgotten how to enjoy life—re-read this. Then go do something fun. Something just for you. Buy that ridiculously expensive gadget. Take a spontaneous trip. Eat cake for breakfast. Life’s too short to be constantly adulting without a healthy dose of “what I want.”

Also, here’s a crucial bit of advice, old man: do not avoid a new start. Whether it’s a new hobby, a new routine, or even a completely new direction in life, embrace it. Because, let’s be real, you might actually like this version of you better. The one who’s perhaps a little wiser (a negligible amount, probably), a little more weathered, but definitely more content and significantly less stressed about trivial things. Don’t cling to the past just because it’s familiar. The future, with all its unknowns, might just hold your best self yet. Or at least a slightly less annoying one. You’re welcome.


Now it’s your turn to join the conversation! What new beginning are you contemplating, or what piece of “no more bullshit” wisdom have you embraced recently? Share your thoughts in the comments below – let’s make this wisdom contagious (unlike that budget deficit).

TopCFO : Your Partner for Financial Success

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TopCFO srl has a proven record of helping businesses grow and succeed. They have collaborated with clients from various industries, such as e-commerce, software, manufacturing, healthcare, and education. They have helped them improve their cash flow, profitability, valuation, and scalability. They have also helped them raise funds from investors, banks, and other sources.

TopCFO srl is not just a service provider, but a partner for your business. They will collaborate closely with you to understand your goals, challenges, and opportunities. They will tailor their services to fit your needs and budget. They will also communicate with you regularly and provide you with valuable insights and feedback.

Working with TopCFO srl is beneficial for your business in many ways. You will get access to a high-quality CFO without having to hire one full-time. You will save time and money on hiring, training, and managing an in-house CFO. You will also get more flexibility and scalability as you can adjust the level of service according to your changing needs.

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Daddy and daughter

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hehe…

Am I right or am I right ?

Finally did it…

Since last Friday, I can say that, I finally did it….

The work and research of several years have converged towards their goal, I successfully defended my PhD thesis and only have to wait for the formal papers to be issued.

Why you should or not consider to outsource your CFO ….part 2

Recently I was talking about the idea that businesses need to reinvent themselves and to be very
creative in order to assure their success.

Because of the scarceness of  resources for business ( you never have enough of what you need ) why not go for the outsourcing option.

The outsourcing of topics like Customer Care , Call, Centres, IT , Tech Support, etc  is a very common and widely accepted topic.

What about the outsourcing of your CFO function ?

I am using the term CFO for a senior finance professional or executive

To get a clear answer about this potential , partial or complete outsourcing of your CFO function you must first clarify the following essential aspects:

  1. Do you know what a CFO is doing ? What is the role of the CFO in an business ?
  2. Do you as a business owner realize that your business has grown and that you need a something or somebody to help you more with your business numbers ?
  3. Are you ready to empower and trust somebody to take care about a part of your business ? 
  4. Do you want to move on further with your business ?
  5. Do you want professional help and support for your business support services ?

If the answer to all of the above is YES then definitely you are ready for the outsourcing of some of your support services.

1-st step before going further with this outsourcing is to ask yourself what do you want for your business and what do you expect from an outsourced CFO .

1.1 What do you want for your business ? 

Well this is pretty obvious you might say , you want to develop your business .
This is all fine and fair , the only thing is that you might want to grow in a way that you are certain that you can count on the healthy growth of your business.
This kind of a growth is not easy to manage
…you are right when you say growth is growth ergo it is OK.

Well not really , you must grow in a consistent way and not too fast. The growth rate of your business must be in sync with the rate that your organization can adjust and accommodate the growth.

Consistent growth means that you have to have a pretty good ideea about your business on at least mid term if not long term.  From the CFO perspective this would mean that you have a strategy that will grant you some predictability and easier planning.

1.2  What can you expect from an outsourced CFO

For sure you can not expect , OK small correction , you should not expect that you got rid of your problem, the healthy growth of your business.  It is still you business and you are still in charge and fully liable about what your doing.

This outsourced CFO function can give you as a business owner the breathing space to focus on the actual business development like promoting sales, developing your product and/or services, hire/fire your staff, etc . Don’t worry you still have a lot of things to do ….

From your outsourced CFO you should have at least this benefits :

  1. consistent and clear image of your business results (OK, partially this can be received also from your accountant )
  2. “translation” of your financial statements in business terms , not accounts, balanced / unbalanced accounts , formal things , tax statements ( some accountants provide to their customers some of the “translation” but not the complete view )
  3. based on  the financial statements the CFO should be able to project / adjust / validate your defined strategy
  4. you should get a clear and concise cost monitoring system setup
  5. benefit from your CFO’s experience …that should be at least 10 years in various organizations and business models
In this post will not address the topics who needs CFO services , why CFO services, what services can you actually get  because these have been discussed in previous posts.
My view on CFO services can be found also here .
Anyhow if you like to be kept up to date about new posts please feel free to subscribe to my RSS Feed, +1 me on Google Plus or check out my FB on TopCFO
As always any comments , ideas and suggestions are welcome. So feel free to share ( if you like my post) comment and discuss .

Why you should or not consider to outsource your CFO ….part 1

In the today’s business environment it is not uncommon to have different business functions outsourced.

To have IT, Accounting, Tech Support, Call Centres and Customer Care Support outsourced is no news any more. If you look at big corporations all over the world you’ll see that all of them have most of the support services outsourced in shared services centres that are owned by the corporation or by 3-rd parties.
In the end it depends on the adopted strategy for the specific business model , do you want to be very lean and sleek, you keep only what is strictly linked to your core business.

If you want to present a strong, asset rich and business then you go for the build up of resources and competencies.

Considering the financial world crisis you should be set up as lean as possible, you should want to use your resources for your core business and business development and do not care so much about business support services, you should not concentrate, as a business owner, to much on the support services that need to be there , well to support the business.

No business equals no business support services  

and

no business support services equals no business


The statement above means that you as business owner should focus on business development that promotes and makes the business go forward.

The smart solution is to buy the needed support services in , at 1-st up to a certain business size go for the outsourcing option of the needed support services. Only when your business has grown to a certain size and complexity it would make sense to hire your own support staff.

As said before , it depends on the chosen strategy for your specific business case.
Both options have their pro’s and con’s. This is only a matter of option.

Assuming that you go for the outsourcing option, let’s go now to a more daring hypothesis.


What about the CFO function complete / partial outsourcing ?

Would you do this kind of outsourcing ?

If yes what activities would you outsource ?

The pro’s and con’s of CFO outsourcing can be many and their efficiency can depend on the way you use the outsourced CFO. 

Most of the outsourced business functions are not business critical and are usually support services. But in the today’s economic environment business need to reinvent themselves and be very creative in order to succeed.

So why not consider the outsourcing of your CFO ?

Who needs CFO services?

At TopCFO, we believe that once businesses get to a certain size, there is a real need for a professional CFO. While we often provide CFO services for mid sized companies, we have partnered with smaller and larger businesses as well.

Engaging a professional company that delivers CFO services can particularly benefit small and mid-sized businesses, which often see their financial situations become more complex as they grow.

Many of these companies don’t have room on their payroll to hire a full-time CFO and lack the in-house financial experience they need to make informed strategic, long-term and day-to-day decisions.

Outsourcing the CFO function is a way to bring on much-needed financial expertise on a flexible and affordable basis.

Contact us to get started with your free one-hour meeting.

Request a first meeting to see how TopCFO services can add value for your business within your budget and timeline

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TopCFO project gone live

As of today the TopCFO project has gone  live.

What it is all about , why and further details can be found at

https://www.facebook.com/TopCFO

Check it out for details.

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What to do ? local strategy …..

During my last business trip I got to talk to some senior executives that where complaining about some issues they have at one of their locations from Romania.
Over time I have learned that strategy is extremely important for anybody involved in business environment and not only business.
To be successful you really really need to know what you want and where you want to go.
Knowing this in detail and exactly will help you out in solving any issue you might encounter.
So to come back to the title of my posting. It is given an foreign well established company present in Romania since over 10 years.
The senior management guys that I’ve met complained about one issue in particular, they have one big issue, they have one high headcount turnover.
OK, it is correct that having a big headcount turnover rate is an serious issue.
The high turnover in headcount over the years can hinder a solid development of a company and can seriously endanger its very existence if this topic gets out of control.
It is quite serious when you can not build and retain experience in the company.
How I see it they did not have nor developed any location strategy regarding headcount turnover, they only focused on financial results.
The financial results where squeezed out over time but according to me in detriment of the headcount issue.
What can be done is actually quite simple, the location senior management has to sit together and act on one of the ignored management attributes, develop the strategy .
I agree to the fact that strategy is not directly generating financial results, it is more linked to to frame set-up that enables the achievement of sound and solid financial results.
Getting back to strategy for headcount turnover the important and easiest steps would be :
1. Finding the root of the problem, finding the cause of high headcount turnover at white and blue collar employees.
An easy solution would be exit interviews,  talk to the people that are leaving the company.
2. Try to establish is it only your problem or do the other companies in the area have the same issue at comparable extent.
If its only you than it is obvious something is completely fishy in your organization, try to find out what it is , be honest to yourself.
If the others do not seem to have the same issue , try to find out what are they doing differently, try to see if you can do something differently. You might be surprised….
3. Try to understand the surrounding in that you are active, understand the community , understand their values and what not reassess the local market that you are active in.
You might find out that the values that you knew are obsolete and do not fit to the current situation.
4. Cross-check the findings with your own organizations values , see what is important and act on it. Do not be too shy to admit any potential mistakes that you might have made in the past.
5. Set up a specific clear action plan based and stick to it.
6. Most important Do Not forget to communicate your plan and changes to your staff.
7. Request appropriate feedback from your staff.
8. Do not expect sudden reactions and changes.
After all your action on an issues that has some history in your organization.
I do not know if this is making any sense but to me it is common sense and I am even more surprised that senior management is different companies still don’t get it.
Once I have read something that a smart guy said:

Think global act local , not the other way around.

I would be very interested to know your opinion on this topic.
Feel free to comment or drop me an email.

Marius Daraban, PhD

Taking life one step at a time

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