Worst case scenario
You’ve taken a hard look at your business and stress-tested sales assumptions, but your fixed costs are such that even break-even cash flows are based on certain levels of revenue. Your balance sheet...
View ArticleKeep an eye out for bargains
As lending markets contract, some companies will have or anticipate having liquidity problems. A number of these companies will consider a sale transaction as a viable option. It could be a need to...
View ArticleConsider your financing options
What happens if you’re having issues with your bank? This can result in a severe restriction in your borrowing capacity, or worse, pulling your financing facilities all together. With what’s happened...
View ArticleGet closer to your bank
Given the current state of the credit markets, banks will be a lot more cautious and concerned about credit quality. As a result, they will need greater persuasion to lend you money when you need it.
View ArticleReconsider capital investment plans
Investing in new assets in a downturn can bleed you of cash when you need it most. Carefully consider your capital investment plans and question the proposed value and timing.
View ArticleGet smarter on tax
Tax, in its various forms, is usually one of the biggest costs for a business, and you need to look carefully at how to manage that cost and cash flows.
View ArticleEvaluate customers and suppliers
The recent challenges in credit markets as well as a general economic downturn have put increased pressure on the purchasing power and credit-worthiness of customers while at the same time resulting in...
View ArticleCash is king
Cash is the lifeblood of any business and matters more than earnings. As the saying goes, “profits are an opinion, but cash is a fact.” More and more, bankers, investors and advisory professionals...
View ArticleDoing business in today’s economy
Small business owners by their very nature are resilient and tough-minded, but, to ensure your ability to respond effectively and recover as quickly as possible to any factors that may affect your...
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