Business Problem Solving

5 Levers of Business Finance you Need to Know Better Than Your Banker

“Revenue is vanity, profit is sanity, and cash flow is king.” Verne Harnish I had a conversation last week where an owner was lamenting his relationship with his bank. The bank just “didn’t get it.” They were always hassling him and asking him for reports that he didn’t think showed the true financial health of …

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To Owners Who Want to Offer Equity: Owner Beware!

TO OWNERS WHO WANT TO OFFER EQUITY: OWNER BEWARE! We had yet another discussion in a monthly Acumen team regarding a strained partnership. It was a classic case of miscommunication, false expectation, finger-pointing, lack of communication, clarity, and uneven value working in the business. Equity ownership shouldn’t be taken lightly. My business partner (notice the …

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