The Big River series is a 12 part installment about a company desperately seeking cash to fuel their growth and the struggles they face trying to find it. “We’re broke,” Tom mumbled to himself. Tom Sampson is the controller of Ace Business Stuff and was reviewing his latest calculations about their cash flow. “What do you mean, we’re broke?” Tom looked up sheepishly to see John Wilson standing in his doorway. He fingered his collar and turned t…
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Business Finance | The Big River | Chapter 3 – What if our loan collateral doesn’t cut it?
The Big River series is a 12 part installment about a company desperately seeking cash to fuel their growth and the struggles they face trying to find it. Tom Sampson, the controller for Ace Business Stuff, was in his office considering how to explain to John Wilson, the Company’s CEO, the issues related to the Company’s borrowing capacity and the weaknesses in the Company’s Balance Sheet. Tom pulled together several schedules for his meeting w…
» See Full Post...Business Finance | The Big River | Chapter 4 – What happens if we need an outside investor?
The Big River series is a 12 part installment about a company desperately seeking cash to fuel their growth and the struggles they face trying to find it. John Wilson, CEO of Ace Business Stuff, was thinking about several of the issues that he discussed earlier that day with his controller, Tom Sampson, and what Tom told him: “Giving our customers an additional 30 days to pay, relaxing collections and neglecting the sale of inventory alre…
» See Full Post...Business Finance | The Big River | Chapter 2 – No Cash? Can we borrow what we need?
The Big River series is a 12 part installment about a company desperately seeking cash to fuel their growth and the struggles they face trying to find it. What happens if we run out of cash? “John, are you ready for our meeting? We said yesterday that we were going to meet to go over our financial projections and review a possible bank proposal.” “I’ll be right there, Tom,” John Wilson, company CEO said to his controller. John reflected o…
» See Full Post...Business Finance | What’s the value of my company?
…g variety of databases available for this data.” “Can you give me an example, Lary, to illustrate what you mean?” Study the sale of comparable companies “Sure. Let’s say that we find a few companies that were sold in the last 12 months or so, with about $20 million annual sales volume. Let’s further assume that they prices at which they were sold translate to something like 1.2 X revenues or 4.5 X EBITDA. We would then try to determine the compar…
» See Full Post...Business Finance | Valuation | What kind of investor do I need?
…they’ll expect to pay less to buy it.” How is the Minority Discount applied? “What you’re saying, Lary, is that if my company is worth, say $2 million, and I need to raise $400,000, I’m going to have to give up more than the 20% that I would get by multiplying $2 million by 20%. Is that right?” “Generally speaking, that’s right, John. But in a negotiated situation like you’re thinking about, it might play out differently. If an investor ag…
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…o be an effective and successful leader. ************************************ The Cornerstones of Effective Leadership (KINDLE EDITION) In this FREE E-book, The Cornerstones of Effective L.E.A.D.E.R.S.H.I.P. , I discuss the 10 Foundation Stones that will help you build and enhance your leadership skills to make you a more effective executive. As a business leader, how often have you paused to wonder, “Am I a very good leader?” “Is it possible t…
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…criber , you can click on the book of your choice to immediately download it. ************************************ The Cornerstones of Effective Leadership In this FREE E-book, The Cornerstones of Leadership, I discuss the 10 Foundation Stones that will help you build and enhance your leadership skills to make you a more effective executive. As a business leader, how often have you paused to wonder, “Am I a very good leader?” “Is it possible t…
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…Big River, a story about the financial challenges of building a high growth business. The Cornerstones of Effective Leadership In this FREE E-book, The Cornerstones of Effective L.E.A.D.E.R.S.H.I.P. , I discuss the 10 Foundation Stones that will help you build and enhance your leadership skills to make you a more effective executive. As a business leader, how often have you paused to wonder, “Am I a very good leader?” “Is it possible t…
» See Full Post...Lewis & Clark didn’t load the canoe with Mojitos!
…u might start by building on the communication matrix and making sure you’re defending the castle to get done what only you can do. Make sure to take some time so you’re thinking past today. Don’t forget our 12 part Leadership series. *********************************** We’re human, we make mistakes, we miscalculate … I continue to examine some of the first 100 newspaper columns I’ve written … and continue to be stru…
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