“…I wish I knew then what I know now”, or so goes the expression. I am sure we have all wished we had a few important financial secrets early enough in our career that we could have taken advantage of them. Right? Of course. So a reporter recently asked me what...
Virtually every business says they want to grow. And almost all firms have cash flow challenges from time-to-time. How can you accomplish both growth & solid cash flow management simultaneously? Be smart. Have a plan. Work your plan. Oh, and follow these 9...
Many people start businesses but can’t make it past the first few months for a surprisingly basic reason; they run out of cash. How can you prevent this? Everyone knows you need to forecast the 3 traditional financial statements (balance sheet, income statement...
Leverage is defined in physics as “the mechanical advantage or power gained by using a lever.” In finance it is “the use of long-term borrowed money in an attempt to increase your return to shareholder.” So when do you know when leverage is good, bad or…? In the...
There are 5 very common, and avoidable, mistakes many startups & new businesses make. I have seen these poor choices lead to frustration, dissention, poor performance & worse; bankruptcy. They are (in order): 1) lack of strategic planning; 2) lack of adequate...
For many decades now leasing has been a reasonable alternative to buying when a business wanted to acquire assets. Whether for cash flow, tax or flexibility reasons, leasing provides needed choices for firms. Then FASB & IASB decided to change the rules because...
Working capital? Growth capital? • What do the terms mean? • Which do we need? • What is the difference? • Why should we care? I have heard these questions over & over again from both consulting clients & training attendees; so here are the answers. Working...
The question came up with another client just this week: what should we focus on; Profits or Cash Flow? Let’s start by clearly stating what each of these is. • Profits represent revenues less expenses generally on an accrual basis as presented on the Income Statement....
Don’t we always hear the terms together; Mergers AND Acquisition or M&A? But can it be both at the same time? If not, why does the term infer they are linked; as in one? As of this writing I am in San Francisco, co-facilitating the AMA’s course on, you guessed it,...
We’ve all heard it; Cash is King. But do we understand it? Is it really that simple? What does this actually mean? The first thing I learned as a young banker was this saying. I naively asked what it meant. I was told by my mentor it referred to two ideas; 1) having...
[sc name="mailchimp" ]
You may view our privacy policy here(opens in new window)
FREE DOWNLOAD
Your choice of THE TOP 10 CHALLENGES TO SUCCESSION PLANNING & HOW TO OVERCOME THEM or THE TOP 10 ROADBLOCKS IN EXIT STRATEGIES & HOW TO GET PAST THEM When you sign up for the BUILD IT BACKWARDS newsletter
Thank you! Check your email for the download link.
