Successful Independent Consulting

MAY 31, 2018

Yet my bank account says I’m a millionaire. As an independent consultant, cash flow is erratic. If I see money in my bank account, even if it’s my savings account, I get looser with my spending. Every time I deposited a payment from a client into my regular bank, I immediately transferred 40% to the online bank.

Consulting 150

Consulting Cash Flow Banking Knowledge Base 150

MishTalk

MAY 27, 2014

Bank of Japan Confident Reuters reports Bank of Japan, more confident about recovery, quietly eyes stimulus exit. The Bank of Japan has begun shifting its focus from supporting growth to ways of phasing out its massive stimulus, taking first tentative steps towards a potentially momentous move for the world economy.

Banking 70

Banking Marketing Cash Flow Policies 70

Tom Spencer

NOVEMBER 14, 2011

Economies of scope have been found to exist in a range of industries including banking, publishing, distribution, and telecommunications. More stable cash flows are attractive for three reasons. Firstly, they can be used to negotiate more favourable credit terms with banks. Sources of economies of scope.

Cash Flow 117

Cash Flow Consulting Productivity Telecommunications 117

MishTalk

MARCH 21, 2014

In recent weeks, a trip to the region and further research into China’s shadow banking system have convinced us that China is approaching its “Minsky Moment,” which increases the chances of a disorderly unwind of China’s excesses. Based on our analysis, our baseline case is that China may slow from the current level of 7.7%

Finance 75

Finance Cash Flow Banking Government 75

Harvard Business

JUNE 28, 2016

Also, as we explained in an earlier article , we believe that being an established CEO of a small firm involves much less angst than being a senior member of a consulting, investment banking, or private equity firm. This leaves us only with the cash flows that occur between the purchase and the eventual sale.

Small Business 71

Small Business Cash Flow Consulting Banking 71

Harvard Business

JULY 14, 2017

” A plan helps detail how the opportunity is to be seized, what success looks like, and what resources are required, and it can be key to the investment decisions of angel investors, banks, and venture capitalists. The truth, though, is that we just don’t know if it pays to plan.

Research 134

Research Cash Flow Finance Study 134

Harvard Business

SEPTEMBER 16, 2014

In the past, a community bank would have a relationship with the businesses on Main Street, and when it came time for a loan, there would be a wealth of informal information to augment the loan application. And they are allowing new sources of capital such as peer-to-peer lending to replace traditional bank capital.

Small Business 71

Small Business Data Cash Flow Banking 71

MishTalk

DECEMBER 2, 2013

Statistics from the Bank of Spain show that household credit fell 5.2% If we look at the evolution of the cash flow of borrowed money, the net change in assets is a decrease is 4.7%. Credit in Spain continues to show signs of weakness, year and a half after the Troika bailout. in October to 793.940 billion euros.

Cash Flow 71

Cash Flow Banking Report Management 71

Tom Spencer

MAY 25, 2019

There are a couple of reasons for this: Asset managers can see cash flow and earnings fluctuate wildly with markets. For alternative asset managers such as hedge funds, their cash flows may be cut by more than half as profits fall and they collect a smaller fee from their profit participation agreements.

Cash Flow 60

Cash Flow Management Metrics Benchmarking 60

Successful Independent Consulting

MAY 15, 2017

Set up a business bank account separate from your personal accounts to make tax preparation easier. If you're doing business as anything other than a sole proprietor the bank will need to see your business documentation from the state. For example, a business license in New York City will cost more than in a small town in Idaho.

Consulting 150

Consulting Insurance Insurance Cash Flow 150

Martinka Consulting

JULY 22, 2020

From June 4-10 Jessica and I interviewed bankers representing eight Puget Sound area banks.* This memo is a synopsis of those conversations about what’s going on in banking during the COVID crisis, with a focus on business acquisition loans. First, all the banks are, “Open for business” meaning they are considering making loans.

Banking 40

Banking Cash Flow Analysis Interviews 40

Tom Spencer

OCTOBER 3, 2020

Governments and their central banks couldn’t print and circulate more paper currency without mining more gold and increasing their reserves. This approach seeks to benefit from the large free cash flows that successful gold mining companies are likely to generate during a gold bull market. The bottom line.

Cash Flow 88

Cash Flow Government Banking Financial 88

MishTalk

DECEMBER 11, 2014

Energy production is extremely capital intense, and often accompanied by negative free cash flow. Since early 2010, energy producers have raised $550 billion of new bonds and loans as the Federal Reserve held borrowing costs near zero, according to Deutsche Bank AG. Junk bonds of Energy XXI Ltd. cents since September.

Energy 78

Energy Marketing Benchmarking Cash Flow 78

MishTalk

MAY 14, 2014

Financial Vulnerabilities in China In its May Financial Stability Report , the Reserve Bank of New Zealand warns about financial vulnerabilities in China. Elsewhere, the tightening of credit terms, including funding costs for property developers, especially in the shadow banking sector, is taking its toll.

Real Estate 77

Real Estate Banking Construction Cash Flow 77

Harvard Business

MAY 28, 2018

Then a new CFO joined the company: Masashi Oka, a financial industry veteran who had played a key role in transforming Mitsubishi UFJ Financial Group-owned Union Bank in the US. Oka had found feedback from US regulators very helpful in his efforts to revive Union Bank and saw an opportunity to do something similar at Nikon.

Company 101

Company Balance Sheet Cash Flow Interviews 101

Martinka Consulting

NOVEMBER 8, 2014

I represent a lot of business buyers and often I hear something like the following, “I won’t pay more than X times cash flow” (or profit, or EBITDA – pick your term). Bank debt = $4,000,000. ” The above examples have the bank lending either 4X FCF or 3.2X ” That was then, this is now.

Cash Flow 40

Cash Flow Banking Groups Examples 40

Women in Consulting

AUGUST 28, 2014

Bill.com – Bill.com gives you command and control over your cash flow, payables, and receivables anywhere, anytime. It invoices your customers, pays the bills on your schedule, banks your deposits and even syncs everything with your accounting program, freeing your time – and your mind – to grow your business.

Travel 78

Travel Cash Flow Software Tools 78

Tom Spencer

NOVEMBER 17, 2018

This is because the initial trigger for the crisis was reliance by major banks, particularly those in the United States, on mortgage backed securities as collateral. The senior slices of a CDO were considered to be safer because they had first priority on cash flows received from the pool of mortgages in the event of default.

Financial 60

Financial Banking Balance Sheet Cash Flow 60

Tom Spencer

OCTOBER 15, 2021

There is an increasing demand for cashless transactions worldwide, with more than 750 billion non-cash transactions carried out in 2020. Conclusion. He has experience in handling diverse industries, from fast-moving consumer goods to business-to-business hardware retailers. Image: Unsplash.

Sports 78

Sports Wireless Cash Flow Tools 78

Harvard Business

JUNE 8, 2018

Since then, we interviewed several chief financial officers (CFOs) of leading technology companies and senior analysts of investment banks who follow technology companies. Business students are taught to value a company based on the discounted amounts of future cash flows or earnings.

Financial 76

Financial Report Cash Flow Metrics 76

Tom Spencer

MARCH 17, 2023

One of the key examples Lewis highlights in his book was the practice among large investment banks of creating and selling complex financial products known as mortgage-backed securities. Investment banks made huge profits along the way, and often knew that these securities were overvalued and going to fail.

Ethics 78

Ethics Financial Cash Flow Real Estate 78

Martinka Consulting

OCTOBER 3, 2013

Pre-Great Recession - banks competed for business acquisition loans and I remember one client’s summary that had eight banks, eight approvals, seven banks using the SBA loan guarantee program (called SBA loans from now on) and my client took the non-SBA offer. Buyers, banks and especially sellers! Who benefits?

Cash Flow 40

Cash Flow Banking Finance Government 40

Seth Godin Blog

APRIL 4, 2023

If you buy a property for 20% down, with the bank financing the rest, and it goes up in value by just 10%, your profit is 50%. (I’ll But if conditions change, if fertilizer is hard to get, if there’s a glut–well, the bank still does fine, but the farmer can get wiped out. Debt is a financial miracle.

Cash Flow 42

Cash Flow Banking Finance Financial 42

Harvard Business

AUGUST 24, 2017

A nearly $150 million settlement is pending for the fake-account scandal that roiled the bank last year, and a new scandal has emerged: Recently it has been alleged that thousands of customers were signed up for insurance without their knowledge. ’s largest banks? What explains the divergence in the fortunes of two of the U.S.’s

Pharmaceuticals 73

Pharmaceuticals Intellectual Property Training Training 73

CaseInterview.com

SEPTEMBER 5, 2020

If your end of month cash in the bank differs from what you thought it would be, that means the mental model of your operating cash flow isn’t accurate. If your customer satisfaction ratings come back quite different than what you expected, that means you don’t really know your customers as well as you think.

Case Interview 64

Case Interview Cash Flow Interviews Sales 64

Seth Godin Blog

JUNE 27, 2023

We can avoid the bank balance, not work on the annual budget and ignore the results of that ad we just ran. On the other hand, a cash-flow, profitable business doesn’t need to worry about what private investors think. Culture makes it tempting (and easy) to insulate ourselves from reality. Reality is your enemy.

Cash Flow 40

Cash Flow Banking Report Operations 40

MishTalk

AUGUST 22, 2014

Saxo bank chief economist Steen Jakobsen thinks so. 2.50% and geo-political risk and lag of global earnings for S&P-500 companies reduces margin and cash-flow. Is it time to short the dollar? Via email from Steen. What is wrong with changing your mind because the facts changed?

Cash Flow 72

Cash Flow Course Travel Marketing 72

BCG

DECEMBER 15, 2016

Yet that income stream is weakening, as low-risk investment yields dip toward 0% and central banks continue to drain the bond markets. The industry’s overall business growth has stalled, and investment income has become a critical mainstay. Corporate life becomes a series of zero-sum battles in a war with no winners.

Insurance 40

Insurance Insurance Cash Flow Management 40

MishTalk

NOVEMBER 10, 2014

A stock, in fact any security, is a claim on any long-term stream of cash flows that investors can expect to be delivered to them over a very long period of time. It''s essentially the effective life of a security over which you are collecting cash flows in return for the amount you pay.

Financial 74

Financial Interviews Marketing Cash Flow 74

Tom Spencer

FEBRUARY 28, 2021

discounted cash flow (DCF)) and to check if the M&A between two companies would result in an accretive or dilutive situation. The technical interviews were just like any investment banking interviews which involved a lot of finance, accounting, valuation, DCF, and M&A model questions.

Interviews 68

Interviews Case Interview Strategy Strategy 68

Harvard Business

NOVEMBER 23, 2016

To better understand businesses’ financial preparation for and management of disasters, my colleagues and I partnered with the Federal Reserve Bank of New York to survey firms in the New York area one year after Hurricane Sandy. Our data include about 950 businesses.

Insurance 70

Insurance Insurance Small Business Finance 70

Martinka Consulting

JULY 2, 2015

Banks factor in a salary figure before they determine cash flow for debt coverage. The bottom line is someone has to run the company and whether it’s the owner or a hired gun they deserve to be paid a fair market salary for that work.

Marketing 40

Marketing Cash Flow Insurance Insurance 40

MishTalk

JULY 11, 2014

The question stems from lengthy (256 page PDF) from the BIS Annual Report (Bank for International Settlements) that stated among other things " The only source of lasting prosperity is a stronger supply side. Never before have central banks tried to push so hard. It is essential to move away from debt as the main engine of growth. "

Balance Sheet 74

Balance Sheet Financial Banking Policies 74

Martinka Consulting

MARCH 7, 2015

Now what adds some sanity to this are the banks. I expect to sell my business for 6X total cash flow (profit or EBITDA plus owner salary). And speaking of banks, back to our sanity test. Banks are in business to be paid back and they have certain rules they must follow. Most banks minimum is 1.25:1

Small Business 40

Small Business Cash Flow Banking Sales 40

MishTalk

NOVEMBER 25, 2013

The fact that profits as a share of GDP are more than 70% above their historical norm should immediately raise a question as to whether current year earnings or next year’s projected “forward earnings” should be used as a sufficient statistic for long-term cash flows and equity market valuation without any further reflection.

Cash Flow 69

Cash Flow Trends Policies Marketing 69

Martinka Consulting

APRIL 21, 2015

In the past I’ve written about how low interest rates and bank using the SBA guarantee program and its low down payment requirements plus a 10-year amortization have caused buyers to pay more for businesses than they would have years ago (because their payments are the same or less). Many banks will go as low as 1.25:1

Cash Flow 40

Cash Flow Benchmarking Banking Sales 40

Martinka Consulting

DECEMBER 11, 2015

On November 17, 2015 we held our eighth Getting the Deal Done Breakfast Conference at the Bellevue Club (with co-sponsors PRK Law, Meridian Capital, Columbia Bank, Bashey Hutchinson & Walter, CPAs, and “Partner” On-Call/Martinka Consulting). Over 140 people heard our featured speaker, Joe Whinney, founder of Theo Chocolate.

Cash Flow 40

Cash Flow Conference Travel Financial 40