Strategies to Build Your Business Legacy
Solomon, the author of the book of Ecclesiastes of the Bible, took a direct and realistic look at human life. Much of what he spoke about concerned money and business. And it stands to reason: he was the wealthiest man that ever lived. Modern scholars estimate that at the height of his career, Solomon was worth more than all the billionaires in the world today, who have a combined net worth of about 8 trillion dollars.
Yeah, Solomon was crazy rich. [Read more…]
In the world of business, our attention is often focused on sales numbers, growth charts, and bottom lines. Dedicating time to these numbers is not optional. Cash is the blood of your business, and without it, you won’t be around for long. But have you thought about the other essential functions of your business? One of these functions is empathy. As your heart pumps blood to the rest of your body, empathy builds the relationships in your business. Empathy in business is vital and should be viewed as a powerful muscle in your business model. [Read more…]
In this short article, I will discuss the challenges and misunderstandings that can arise around working capital during an M&A transaction. If left unaddressed, the nature and handling of working capital in a transition can cause an otherwise solid deal to fall apart. However, through mutual understanding these issues can be avoided.
Every business needs sufficient capital to operate successfully. An astute manager understands the role of cash, receivables, payables, inventory, and prepaid items in navigating the daily ebb and flow of business operations. However, during an M&A transaction working capital can often become a contentious issue. [Read more…]
In this article, I will explain the most relevant differences between finance and operating leases under the new standard. I will also explain how those differences can impact a target company valuation if the lease accounting is not properly understood.
The Financial Accounting Standards Board (FASB) adopted a new lease accounting standard, ASC 842, which became effective starting in December 2018. Most companies lease some or all of their property, plant, and equipment and, in most cases, the expenditures are sizable. [Read more…]
Great small businesses are started by great small business ideas. Look into any business anywhere and you will find somewhere in the development there was an idea by someone, who did something about it, and started a business, and built the business, and benefitted others through it.
