Here is a three-part process summary that we recommend getting through the current economic shutdown. Step 1: Cash is King Contact your landlord and negotiate a 90-day rent delay. You may have to settle for a major reduction rather than 100% but you are in the driver’s seat. Many local Read more…
There is an old saying regarding financial leadership: “a good Controller will know your numbers, but a good CFO will know your business.” You should determine what skills are needed for your business and how much. This article will help you answer these questions for your business. First, think of Read more…
Currently interest rates are near historic low points and make long term borrowing attractive. On the other side is the bank that does not want to lend long-term at today’s rates. What can you do when the bank says no to fixed rate, long-term loans? It is called interest rate Read more…
When it comes to sourcing new financing, company size matters for available alternative sources. If your annual revenue is under $2MM, it’s friends and family for equity and small lenders for debt. For those with EBITDA (aka cash flow) above $3MM, the options become much more available. It’s true that there Read more…
Managing employees and their benefits is becoming more difficult by the day. The rules and regulations surrounding employees are complicated, require a great deal of reporting and compliance, and may create liability on the part of the company and its owners. One of the options to address the multiple requirements Read more…
Changing accounting systems is costly and time consuming. So why do companies do it? Usually it is because the company has grown, become more complex to manage and better data is needed to support decision making. This generalized statement can be broken down to specific areas of need within the Read more…
Just what does it take to obtain a business loan and what is the process? Today many businesses are experiencing growth and need additional capital. So, what do you have to do to get a banker to loan you money for that growth? Let’s start by understanding how banks operate. Read more…
Some lessons are best learned by repetition: doing it over and over and learning from our own mistakes. Selling one’s business is usually not repetitive, but this story is about an owner selling three times. If I could offer one bit of advice to an owner thinking about selling: The Read more…
C Squared Solutions has just launched our new website. More video More personal messaging Clarity of purpose These are just a few of the things you will notice when you visit. Why? Because we have seen a migration of our client base over the last 18 months from boomers to Read more…
