Most business owners think of Working Capital as the amount of cash they have in the bank. But virtually all financial analysts, advisors and lenders define it as the difference between Current Assets and Current Liabilities. One sounds simple and easy to understand,...
Call it leverage. Call it borrowing. Call it debt. All ways of saying that you got a loan to help your business grow (or, in 2020, to survive). This is not the free debt you get from delaying paying your bills, this is: go to the bank, ask for money, agree to pay...
I have thought often about the need to say something about cost accounting because of its importance in creating a profitable business, but I knew the mention of the term would put even most accountants to sleep. So rather than talk about cost accounting, a few words...
So, maybe you saw my post from January 14 – “Business Planning is Crap” – and you believed it, perhaps without reading beyond the title. No budget, no financial plan and you like it that way. One day at a time. We actually have a couple of clients like that. And most...
As 2020’s challenges resulted in a significant drop in M&A activity, deal flow is expected to pick up big time in 2021 and 2022 because of the suppressed workings of supply and demand. There’s a lot of money on the sidelines waiting to be put to work. There are a...
