Recent Posts
The $500,000 Question: How to Increase Your EIDL Loan Amount
Beginning April 6, small businesses and non-profits can apply for an increase to their COVID-19 disaster loans up to a maximum loan amount of $500,000. Now is a good time for business owners to start preparing a “Request for Increase” application to the SBA....
Celebrating Women Business Owners
This month, the Florida CFO Group decided to shine a light on the amazing women business owners in our communities. Visit our LinkedIn page to read about: Tiffany Bailey – Bayside Sod, Inc. Cheryl Biron – Lexagen Freedom Accelerator Regine Bonneau – RB Advisory, LLC...
Meaningful Metric February 2021 | The Enterprise Value (EV)/EBITDA Multiple
If you are selling your business, you must understand this basic metric. All too often, business owners focus solely on net earnings multiples quoted by various M&A providers, and ignore the underlying assumptions on business debts, transaction terms,...
The Power Behind Managing A Scorecard
Albeit in various ways, most companies track their metrics one way or another. This may be via dashboard, flash report or KPI portal – the terminology is endless. For our purposes, we will refer to these metric tracking tools as scorecards. There is tremendous...
Meaningful Metric January 2021 | LTV to CAC Ratio
Strategic entrepreneurs are watching their LTV (Lifetime Value of a Customer) and CAC (Customer Acquisition Cost) numbers. Combining these two metrics into the LTV to CAC ratio creates a powerful metric. Lifetime Value of a Customer (LTV) The Lifetime Value of a...
Paycheck Protection Program… Round Two
Few would suggest that the adage that holds that gratification delayed is all the sweeter when realized applies to the Paycheck Protection Program Second Draw Loan (PPP2). In fact, some small businesses have been forced to shutter – temporarily or permanently –...
Meaningful Metric December 2020 | Debt Service (Coverage) Ratio
If you are a banker, you’ll likely refer to this as the Debt Service Ratio (DSR), but for the rest of world, it’s known as the Debt Service Coverage Ratio (DSCR). Either way, it’s the same metric. Why is it important? The ratio is primarily used by investors,...
Cash vs. Profits: Post COVID Business Survival Strategy
Every successful business owner has learned that NOT having a laser focus on their top and bottom line can make or break a business. Today, as we navigate through a very uncertain and disruptive COVID environment, business owners may need to shift their focus from the...
The SBA EIDL Reconsideration Process: Turning a NO to YES!
If the SBA denies your EIDL loan application, the SBA will notify you in writing outlining the specific reasons for the denial. Any applicant whose request for a loan is declined for reasons other than size (not being a small business) has the right to submit...
Preparing Your Business for Sale?
When it comes to exiting, timing is everything -- and that is true in business as well as in life. Once you have established that it is the best time to sell your business and move forward into the next phase of your life, smart preparation is critically...