Design Firm CFOs Weigh 2015's Financial Challenges

Design-firm chief financial officers remain optimistic on results for 2015, predicting a median growth of 7% and 10.9% profit, says a survey of 110 firms by management consultant EFCG. However, firm President Paul Zofnass said similar CFO predictions made a year prior were not borne out by actual results. Respondents predicted a 7.1% median growth in 2014, but actual growth was 4.7%, a 30% difference. CFOs also said medical expenses will be the most difficult cost to control, cited by 27% of respondents.