About 25% of the manufacturing workforce is 55 or older and thinking more and more about one thing with each passing day: getting out. Are you one of them? Given the number of small business owners reportedly looking to flip their life’s work after building it from the ground up, you could be. The motivations… Continue reading Best Prepare Your Manufacturing Business for Sale
Industry: Privately Held, Telecommunications Company Client Overview A global provider of long-haul, telecommunications services wanted to identify the surprisingly high burn-rate of a recent $2 million investment. Challenge The company found that one of its partners had embezzled $600,000 of the $2 million dollar investment by setting up fictitious vendors, hiding parts of incoming bank… Continue reading Recovering Embezzled Assets (Forensic Accounting)
Industry: Privately Held, National Signage Company Client Overview A $50-million national signage company, which catered to high-end, retail clients, wanted to execute an exit strategy, even though it had not turned a profit in many years. The company held a leading market share with locations in Florida, Texas and California. Challenge The company found itself… Continue reading Diversifying Overreliance on Larger Clients (Exit Strategy)
Chris Delaney, a director at CFO Consulting Partners, was recently featured in Manufacturing Dive, sharing why manufacturers need more than historic data. If your company is in growth mode, forget historic numbers and focus on the key KPIs that are going to be predictive of future growth and profitability. KPIs are easier to project and do a… Continue reading 5 Ways to Upgrade Your Finance Team
Industry: Midsize, Manufacturing Company (Retail) Client Overview The owner of a privately owned company maintained five data streams that captured more than 30,000 transactions plus shipping per month. The streams of data, however, were not integrated with each other, so a four-person Finance Department needed to manually combine the data using unwieldy manual spreadsheets. The… Continue reading Transforming Data Into Insight
(This story originally appeared in Exit Planning Exchange.) By Eric Segal The banking landscape has consolidated in the last three years. Maybe it was runaway inflation that caused cost-cutting branch closings. Or it was bigger banks gobbling smaller banks for quick market share. And let’s not forget the industry’s ongoing march toward digital transformation, which… Continue reading Are De Novo Banks Ready for a Comeback?