Posts Tagged ‘cash flow’
Is this a “Bankable” Deal?
I was talking with a business owner who was considering selling their business of 20 years. The company had served him well, and he had managed to provide a great life for himself and his family. The challenging part was he was stuck trying to figure out the value of the company he worked so…
Read MoreWhy Every Startup Needs to Shift Its Focus From the Checkbook to Cash Flow
After 24 years of raising children, my wife and I will become empty nesters soon. When I see a young couple with children, I think, “How the heck did we raise three kids into responsible adults?” That feeling reminds me of what starting a business can be like: It’s expensive. Starting a business comes with a hefty…
Read MoreFind Financials Confusing? Here’s How To Make Them Work For You
When I was a business owner, I had the fortune of being naturally comfortable with financials. So I assumed other CEOs were, too — until I became an advisor. Often, leaders who are amazing at running businesses have little understanding of the importance of numbers. It’s not that they are incapable of conceptualizing financials; it’s…
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