Both Sides of the Table
SEPTEMBER 28, 2014
We want a strong balance sheet (um, ok. but that’s our firm’s money on your balance sheet. If you have a very low gross margin (10-30%) it can be very hard to build a large, scalable business because you need to make a lot of sales to cover your operating costs.
YoungUpstarts
JUNE 17, 2020
This means: compiling a balance sheet, listing all of your assets, all of your payables (or “liabilities”), including what may become a liability down the road (i.e., Following from that, is there an operational plan that can be implemented to lower costs while salvaging the competitive advantage of the company?
Up and Running
SEPTEMBER 26, 2016
You’re essentially opening up your “financial kimono” to a new entity, which might be viewed as a negative to many growing businesses (think monthly income statements, balance sheets and compliance certificates, annual tax returns, collateral audits, and more).
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