<![CDATA[Christopher J. Henneforth - Weebly

<![CDATA[Christopher J. Henneforth - Weebly - Blog]]>Mon, 11 Oct 2021 04:18:15 -0700Weebly<![CDATA[What Are Corporate Turnarounds?]]>Fri, 08 Oct 2021 05:49:11 GMThttps://christopherjhenneforth.weebly.com/blog/what-are-corporate-turnarounds

Christopher J. Henneforth is co-founder and CFO of Omnia Medical. A CFA (chartered financial analyst) charterholder, Christopher J. Henneforth has taken on numerous positions at over 30 companies in the past decade, including spending time as a turnaround expert.

When a company performs poorly for a period of time, a turnaround is required to return it back to profitability. Turnarounds look at the root causes of the company’s failure. These may include an increase in supply prices, a new competitor, managerial failures, or ignorance of new business trends. Whatever the reason, a turnaround implements long-term programs that address these failures and return the business to its original position in the marketplace. Turnarounds also stabilize the business and ensure that it maintains profitability in the long run.

A type of restructuring process, turnarounds are very hands-on. They take place before a business becomes insolvent, whereas general restructuring is a formal insolvency process. Companies must find short-term financing solutions that cover the cost of turnaround programs, and should possess the resources and skills necessary for the success of the corporate turnaround.

]]><![CDATA[Things to Know about CrossFit Before Starting]]>Thu, 30 Sep 2021 05:52:10 GMThttps://christopherjhenneforth.weebly.com/blog/things-to-know-about-crossfit-before-starting

The former CFO and COO of Phusion Projects, Christopher J. Henneforth now serves as the co-founder and chief financial officer of Omnia Medical. Outside of handling all day-to-day finance activities at the company, Christopher J. Henneforth is committed to fitness and is a passionate CrossFit advocate hoping to reach the CrossFit Games in 2024.

Here are several things that you should know about CrossFit before getting started with the sport:

It’s for everyone.
CrossFit incorporates many types of workouts and exercises. This not only keeps it from becoming boring, but also means there is something for everyone in the sport.

You don’t have to be athletic.
Whether you’ve always loved working out or not, CrossFit can work for you. You don’t have to be fit before starting CrossFit. There is no competition with other people at CrossFit gyms. Rather, you simply focus on competing with yourself to improve your own skills.

The gyms are unique.
Not every CrossFit gym (or “box”) is alike. Some boxes fit better for some than others. Before getting into CrossFit, visit different boxes and get an idea of the culture and space of each gym. If one doesn’t fit, try a different one.

You’ll make great friends.
Part of what sets CrossFit apart from other fitness routines is the heavy emphasis it places on culture and community. You’ll find a workout family when you find the right box, and will likely become friends with some of the people at your gym.

]]><![CDATA[Identifying Business Inefficiencies]]>Wed, 22 Sep 2021 05:59:57 GMThttps://christopherjhenneforth.weebly.com/blog/identifying-business-inefficiencies

Christopher J. Henneforth has been working in executive positions at various companies for over a decade. The co-founder and chief financial officer of Omnia Medical in West Virginia, Christopher J. Henneforth handles all daily finance, HR, IT, and legal activities.

Part of managing cash flow in a business is identifying inefficiencies in business processes. These inefficiencies result in numerous issues, ranging from missed deadlines and compliance problems to stressed and frustrated staff members.

The first step in identifying these inefficiencies is evaluating the processes that are currently in place. While this evaluation is time-consuming and complex, it’s essential for managers and other business leaders to observe the current processes and determine how work is controlled, what periods of time are busiest, and other related issues. Doing so makes it easier to see key process inefficiencies.

After observing, leaders must measure key data affected by their current operations. This includes customer satisfaction ratings and return on investment for marketing. Collecting this information on a regular basis helps demonstrate where certain operations are falling short of expectations.

Talking with staff members is also essential for identifying inefficiencies. Employees have unique insight about how processes are handled every day, and also have their own opinions about what will improve their company and their quality of life at work. An open discourse with employees also improves morale, as it shows employees that they are appreciated and involved in certain business processes.

Finally, leaders can implement new technology, processes, or programs that improve on the inefficiencies they have discovered. These new additions require continued measurement so companies can track their benefits and adjust or remove them if they are not beneficial.

]]><![CDATA[Three Traits of Effective Business Leaders]]>Tue, 14 Sep 2021 06:20:26 GMThttps://christopherjhenneforth.weebly.com/blog/three-traits-of-effective-business-leaders

A graduate of Ohio State University, Christopher J. Henneforth has been involved in various businesses for over a decade. Currently the CFO and co-founder of Omnia Medical, Christopher J. Henneforth has held several executive positions at businesses in varying stages of their life cycle.

Here are several traits that effective business leaders share:

Self-Awareness
Great business leaders have a firm understanding of their strengths and weaknesses. They don’t cover up these weaknesses, but instead address them openly by hiring people who can make up for these deficiencies. Without self-awareness, leaders cannot acknowledge where they are weak, and leave themselves vulnerable.

Confident
Although leaders know they have weaknesses, they are still confident. They are comfortable acting and thinking outside the box so their companies can grow as much as possible. This confidence also helps them inspire others, and makes other people confident as well.

Decisive
Business leaders often learn the hard way that postponing a decision can lead to larger problems in the future. Rather than letting the fear of a wrong decision paralyze them, effective leaders understand that no decision is still a decision, and are capable of acting swiftly when faced with different choices.

]]><![CDATA[Stepping Back and Reevaluating Work-Life Balance]]>Thu, 01 Apr 2021 05:18:58 GMThttps://christopherjhenneforth.weebly.com/blog/stepping-back-and-reevaluating-work-life-balance

Christopher J. Henneforth is a Columbus, Ohio-based entrepreneur with extensive experience in the investment banking and financial advisory sphere. With a focus on family, fitness, work, and sleep, Christopher J. Henneforth considers these the “four pillars” of a life well lived.

When it comes to maintaining a proper work-life balance, many people seek to attain a set goal. A 2020 study focused on 80 London employees from the ages of 30 to 50 pointed to a more complex scenario of shifting goal lines. Of those interviewed, 30 percent of men and half of women described themselves as resisting having a long work week imposed. The other respondents reported taking on long work hours, because this fit their image of what being a successful professional involves.

Those who resisted the long hours described employing strategies of “reflexivity,” or maintaining a state of continuously reflecting on and questioning assumptions. Taking time to assess when experiencing stress, they weighed counterpoised emotions such as anger, sadness, life satisfaction, and happiness.

This enabled workers to reprioritize, in ways that ensured that they had enough personal and family time in their schedule. At the same time, they looked for creative pathways that would allow them to re-balance their lives. Often, this proved as simple as not volunteering to take on new projects they didn’t have time to handle, and requesting more flexibility from a supervisor.

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