Myth 1: The value of my business can be generally determined by using an earnings multiplier of my industry. ie. 3 times EBITDA
This is the most common myth. The earnings multiplier can be useful to get an overall general value based on the industry, but it doesn’t apply to all businesses within the [...]
Small businesses could be helped by a CFO, on a part time basis and that’s a virtual CFO or in person CFO could do. The company size could be for 1 person to as large as 100 person firms.
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Marketing and advertising is one item you shouldn’t cut from your expenses budget as according to research, companies which continue to promote themselves in downturns do better than their competitors once the economic downturns have subsided. Here’s a list of 5 ways to promote your organization:
Send out promotions with your customer invoices, either electronically, fax, [...]
Cash flow is important anytime, but especially in today’s economic environment of tighter credit. We know today that the credit crunch has affected the economy and that banks are now able to pick and choose who they extend credit to, how much credit they extend, what conditions they extend it to, and how they can [...]
Cash flow is one of the most important things to keep an eye on at any time, but especially in difficult economic times. Think about suppliers to Nortel and the auto industry wanting to get paid earlier than usual and you understand how these suppliers are trying to stay on top of their cash [...]
