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Balance: Arthur Mabbett Chairman and CEO of Mabbett & Associates, Inc. (Bedford, MA), a verified Service- Disabled Veteran-Owned Small Business.
By LIISA ANDREASSEN Correspondent
A s chairman and CEO, Mabbett has direct responsibility for overall company management, strategic planning, financial and general administration. The company, due to Mabbett’s 19 years of meritorious service as a Major, Environmental Sciences Officer in the U.S. Army both on active duty and in the Army Reserves, is a U.S. Department of Veterans Affairs, Center for Verification and Evaluation, verified Service-Disabled Veteran-Owned Small Business. “One must ensure there is a competent senior management team in place to carry on the business when you’re gone,” Mabbett says. “I have such a team.” A CONVERSATION WITH ARTHUR MABBETT. The Zweig Letter: How far into the future are you able to reliably predict your workload and cashflow? Arthur Mabbett: We’ve significantly grown the firm over the past five years and have invested in our accounting software platform and staff to better predict financial performance, including cashflow. We have also won many
multi-year IDIQ contracts that have allowed us to establish a solid base of authorized work year-on-year. Now, we’re able to predict workload and cashflow for at least a year out and in some cases, if no changes in contract terms and conditions occur, many years out. We are leveraging these factors and tools to help shape our business strategy for our five-year strategic business plan. TZL: What role does your family play in your career? Are work and family separate, or is there overlap? AM: My family has played a very important role in my career. There is a definite overlap. As a serial entrepreneur, they have supported me on a continuing and consistent basis. Without their understanding and support, I would not have achieved the success we’ve earned over the past 39 years. My wife, in particular, has been a most trusted confidant and supporter. My children are all married and have families of their own, but they realize the level of sacrifice required to establish and grow a successful business. I’m also fortunate to have a son who has pursued
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