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My Business Is Growing and My Team Can’t Keep Up

Team of employees working together
A large number of business owners we come across are growing rapidly, and it is creating a new set of challenges.  While growth itself is highly sought after, and can be incredibly positive, fast growth can also cause the “wheels to fall off the bus” in a business.… Read More
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Cash Flow Forecasting – It’s Hard and You Need It 

Cash Flow Business Concept
A common thread among so many businesses we meet is that they struggle to forecast their cash flow. I’m not going to use all the clichés about cash – we can agree it is vital. We can also agree that it is never static.… Read More
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I’m Not Making Enough Money

Cash Flow Business Profit
Business owners we run into frequently complain that they are “not making enough money” or that they “don’t make as much money as they used to.”  It seems to frequently happen by surprise, with no obvious culprits. Most of the time, this does not happen overnight.… Read More
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I Can’t Get the Financing I Want 

Coins money grow
For most small businesses, it is extremely difficult to go it alone with capital, and as a result, those same businesses have debt – for equipment, real estate, working capital or a combination therein.  Unfortunately, many of these same business owners find it challenging at times to obtain the financing they need. … Read More
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This is My First Time Selling My Business

Business people Meeting negotiating a contract between two colleagues
For the majority of business owners, the ultimate realization of their efforts and investment in building their company occurs when they exit. That path however, can be much more challenging than most first time sellers know. Multiple studies have shown that around one-third of all negotiated small business transactions actually close, including only half of those that reach an LOI phase. … Read More
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How Well are You Converting to Cash?

a person holding money in their hands
Cash is king, nothing new there. In times of economic disruption especially, there are some silent killers relative to cash that every business needs to be on the lookout for and mindful of the potential effects. When we talk about cash conversion, what that means is how well a business is converting inventory (for businesses that have it), and accounts receivable into cash.… Read More
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Taxpayer Beware – The Employee Retention Credit

a white question marks from a string
It seems one cannot get through a day without hearing or seeing an ad for the tax credits that you may be eligible for. I’ve received two voicemails and four emails regarding our firm’s eligibility just within the last week. This is of course promoting the Employee Retention Credit.… Read More
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We Have More Cash Than Expected – Now What?

White female model shows dollar bills in her hand closeup front view
Many companies find themselves with unexpected amounts of cash on hand as a result of PPP funds, stronger financial results and reduced spending over the last 12-18 months. While on the surface, that is an enviable position, many CEOs are struggling with the best decisions related to that cash, especially as there is still so much uncertainty in the global economy.… Read More
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Two Details Your Lender Is Asking About, and You Should Too

The bank's Female African american Mortgage Officers shake hands with customers to congratulate them after signing a housing investment loan agreement.
There are a lot of words to describe the current economic environment, uncertain is one of them. And while many companies may not be seeking new financing in the near term, there are a number of reasons a business owner and its lender will be having conversations soon if not already – 1) a renewal of an existing loan 2) terms were modified as a result of COVID-19 impact 3) quarterly or annual covenant or other performance requirements.… Read More
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Practical Tips for Managing the PPP

Benjamin Franklin face on USD dollar banknote with red decreasing stock market graph chart for symbol of economic recession crisis concept.
The Payroll Protection Program (PPP) has provided a lifeline to assist businesses through the economic confines caused by the COVID-19 pandemic.  For many small businesses, confusion has been constant with respect to loan status, forgiveness and how to manage the loans once they are funded. … Read More