Two things have become increasingly apparent to me. If you’re a big company, you have good access to capital and can find the funding needed to finance your business. Small companies don’t have that access to capital and finding funding is difficult. Here’s why:
The baby boomer generation is retiring and those who are business owners are selling their businesses. So, where do you start? How much do you pay for the business? What’s it worth? How do I get if financed? Depending on your situation, you may only buy and sell one business in your lifetime, so you…
So, you took out a line of credit, but you forgot about the 30 day annual payout requirement on the line when you signed the commitment letter. You don’t have the cash to pay the line in full. So, what’s next? Maybe you took out a term loan for a piece of equipment. Cash flow…
Are you under-banked? If so, you’re not alone. A recent article I read indicated that among CFO’s, being under-banked has landed on the growing list of challenges most CFO’s face. Here’s why:
Have you ever had the experience where sales and growth were either happening way too fast or not fast enough? The success of both requires management on the part of the owner and his or her management team. The size of the business will determine what the division of labor is for these management tasks….
Success should not come as a surprise. It’s something you’ve planned for. You have the right people in place with good processes and execution.
The Great Recession is clearly a thing of the past. The economy appears to be expanding. Businesses are seeing sales, growth, and profits. Entrepreneurs are experimenting with new products and markets, starting new divisions and making investments in people.
When you first start your business and begin recording business transactions, you must decide whether to use cash basis or accrual basis accounting. The big difference is in how you record your cash transactions. Many people use cash basis accounting for taxes and accrual basis for managing the business. Here are 5 things you must…
There seems to be a lot of business acquisition activity in the marketplace right now. I have several clients that are in various stages of this process. Depending on whether you’re on the buy side or the sell side, here are three ways the acquisition can get financed.
Bankerese is a language understood by bankers, but is a foreign language to most business owners. Communication is happening, but the business owner doesn’t understand what’s being said or the implications it has for his or her business. Often, we step in and interpret. Here are three of the most important ones to know:
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