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Posts by Richard Wolf

Business Owners Can Learn Lessons From Sports Team’s Embezzlement Case

Jeffrey David, the former chief revenue officer for the NBA’s Sacramento Kings, recently pleaded guilty to charges of wire fraud and identity theft in a scheme that misappropriated approximately $13.4 million of the team’s funds. Mr. David, who was the...
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Using a Financial Neutral In a Collaborative Divorce

When people think about the divorce process, they often imagine combative couples and attorneys at each other’s throats. They picture a process completely void of trust among the parties, along with a cut-throat effort to “win” at any cost. Times have...
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Your Nonprofit Needs a Mission and Vision Statement

Mission and vision statements are an essential element of running a successful and forward-thinking nonprofit. Not only do mission and vision statements serve as the foundation for all organizational programs, goals and activities, but these statements...
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Strategic Planning: 11 Steps to Developing a Strategic Plan

When it comes to strategic planning, there are several key steps that organizations must prepare themselves for. Strategic planning is the formal process of determining an organization’s long term goals and identifying the best approach to take to...
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Signs an Employee Might Be Stealing From Your Nonprofit

According to the Association of Certified Fraud Examiners’ Report to the Nation of Occupational Fraud and Abuse, typical businesses lose 5% of their annual revenue to employee fraud. Your nonprofit organization doesn’t need to be one of them.
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5 Ways A Financial Expert Can Make Your Divorce Case Stronger

I hear it from family law attorneys frequently: “My client doesn’t own a business, so I really don’t need a financial expert for this case.” In cases where one or both parties own a business, it’s a no brainer to work with a Certified Valuation Analyst....
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