Accounting

Episode 62: Keep Your Planning Flexible and Nimble (and be careful about rewarding your employees financially for hitting budget)

In today’s podcast episode, we’re going deep into the complex world of corporate finance and budgeting as we face the economic uncertainties of 2024. We’ll explore the various challenges and considerations that business owners and managers must contend with in this volatile economic landscape. The recent announcement from FedEx about an expected slowdown really caught…

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Episode 56: Does Your Business Scenario Planning Include the Inverted Yield Curve and the SLOOS Report? It Should.

In this episode, we look at current and historical data from the Federal Reserve and discuss what the inverted yield curve tells us about the state of our economy. The SLOOS Report is a quarterly survey of senior loan officers of banks. According to their date, over 50% of banks are seeing a decline in…

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Episode 51: The Second Most Important Person to Build a Strong Company

The discussion on turnaround management continues today with a discussion on weak finance function. As a business owner, it is your responsibility to have integrity and to hire people to work in finance who will hold the line. It’s not just about the numbers, it’s about recording financial data according to fundamental principles with correct…

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Episode 48: Building Strength Through Discipline in Your Borrowing Base – Part 2 of 2

Today we continue the conversation around your borrowing base. This episode dives deeper into why you may want to consider a borrowing base to finance your working capital so that you can help your business meet its potential. We also discuss the importance of having healthy accounts receivable, and how to use it in the…

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Episode 47: Building Strength Through Discipline in Your Borrowing Base – Part 1 of 2

On today’s episode, we’re discussing the mechanics of a borrowing base. This is an episode that will have value in the current economy, and will still have value in future economies. Discussion will involve current events, but ultimately, the goal is to provide solutions that will be applicable in any economy. This is a tactical…

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Episode 37: Preserving Cash In The Worst Of It So You Can Live To Grow Later

We’re continuing our series about continuing to grow during a downtown today. But, actually, sometimes you might not be able to do very much growing. You may have to just focus on sustaining yourself, which means preserving cash. Of course it’s better to grow, but maintaining the status quo before figuring out exactly what you’re…

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Episode 22: Making the Banks Come to You

In this episode, David and Eric link the discussion of financial analysis to making banks want you. There can be good cases for using other people’s money to help accelerate your growth. There is so much confusion with businesses about what banks’ objectives and restrictions are. We clarify this before diving into financial analysis. If…

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Episode 20: It’s All About Profit, Right? Think again. Check your ROA and ROE.

In this episode David and Eric return to unpacking the importance of Financial Analysis for a business. Today’s discussion will revolves around Return on Assets and Return on Equity – which involve numbers from both the Income statement and balance sheet. These two together are used in a powerful way to analyze business performance. Linking…

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Episode 18: Making Your Financial Statements Come Alive

In this week’s episode, David and Eric discuss Financial Analysis. We had more to day on this topic than we realized – it may be the new series! Before diving into any specifics – How well do business owners or managers need to know their numbers? How well do they need to be able to…

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Episode 14: The Financial Drivers of Your Valuation You Can Control

We’re wrapping up a mini-series on Value Builder drivers within our series on Business Valuation   In today’s episode, David and Eric discuss:  Financial performance, Growth potential and the Valuation “teeter totter”.  In depth we discuss the three main moving components mathematically on the business valuation. These components are the inherent cash flows in the business,…

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