Michael Zipursky on Cash Flow Diary Podcast

Consulting Success

Michael was recently featured on Cash Flow Diary. ” On a recent episode of Cash Flow Diary podcast with Jay Massey, I take you through my story — and all of the lessons I’ve learned along the way. Michael Zipursky on Cash Flow Diary Podcast is a post from: Consulting Success. You can listen to it here: Consulting With Success with Michael Zipursky Whether or not you can achieve it should never be in question.

Cash Flow Relief for Independent Consultants: the CARES Act & Other Ideas

Successful Independent Consulting

This article explains your options for cash-flow relief, whether you need it immediately or in the near future, and how to get it. There are several ways to get some cash-flow relief to help you pay your bills in the near term as a result of the $2 trillion CARES Act: 1. Credit cards A cash payment from the U.S. While credit cards, cash advances, and balance transfers are an option, use them as a last resort.

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Profit vs. Positive Cash Flow

CaseInterview.com

They’re obsessively concerned that their sales growth will be too low to generate enough cash to pay the bills. However, if you truly understand accounting and the relationship between the cash flow statement versus the profit and loss statement, it is totally possible to go bankrupt by growing too fast. When revenue is collected, that’s called positive cash flow. In every McKinsey engagement, there’s a moment when the senior client says to us, “Hmm.

Yes, Cash Flow is Important

Martinka Consulting

For PE firms, cash flow, EBITDA, and low cap ex are very important.” Cash flow – one of my rules for both business buyers and sellers is, “Cash (and cash flow) is King.” ” Small businesses need timely cash flow. In the March 2014 edition of Mergers & Acquisition magazine there was a quote that compared public companies and Private Equity Groups.

5 Ways to Stimulate Cash Flow in a Downturn

Harvard Business

Be generous with customers — and aggressive with near-term revenue and expenses. Financial management Digital Article

What a Business Financial Statement Can Tell You About the Health of Your Business

Tom Spencer

Business Strategy balance sheet business planning cash flow statement financial statements income statementWhen you run your own small business, it can be difficult to keep an objective distance from what you do. Bills come in, sales go out, you have your day-to-day goals and you watch the curvy line of profit and loss make its inexorable progress throughout the financial year.

Transform Your Consulting Business with Financial Management Visibility

Management and IT Consulting

How consulting firms can manage cash flow with better precision and streamline accounting processes rapidly

When sustainability becomes a factor in valuation

McKinsey

Sustainability efforts are material to investors only to the extent they affect cash flows. What matters depends on the industry. Our Insights

How to Make Your Consulting Joyful (Again)

David A Fields

On the other hand, if your consulting firm’s workload has dipped, you’re fretting over the new business pipeline and combatting fears about cash flow, expenses, and the effects of a recession. If your consulting firm’s plate is overflowing with client work, you’re probably hustling long hours and stressing over deliverables, capacity and quality.

A future for mobile operators: The keys to successful reinvention

McKinsey

By transforming their networks and operations with the newest technologies, mobile operators could double their cash-flow conversion within five years. Our Insights

A primer in resilience: A conversation with Kevin Carmody

McKinsey

Having a resilience plan in place can set a company apart from its competitors while simultaneously improving cash flow and strengthening the balance sheet. Transformation Insights

Value over volume: Shale development in the era of cash

McKinsey

Despite rising production, most US shale producers are showing negative free cash flow. To improve capital efficiency, they need to optimize development strategies for economic value, not volume. Oil & Gas Insights

Resetting capital spending in the wake of COVID-19

McKinsey

Amid the pandemic, many CFOs are struggling to stabilize cash flows. A quick reset of capital spending—which can usually be achieved in about four weeks—can help them reach their goals. Insights on Capital Projects & Infrastructure

The financial impact of COVID-19 on health systems and how CFOs are responding

McKinsey

In McKinsey’s Health System Financial Resilience Survey, CFOs and finance executives of health systems indicated that they are expecting a dramatic impact on both operating margin and cash flow. Insights on Healthcare Systems & Services

A 5-Day Plan to Keep Your Company Afloat

Harvard Business

CEOs experiencing negative cash flow need to act fast. Managing organizations Strategy Digital Article

Paths to profitability in US unconventionals

McKinsey

After years of high growth, the US unconventionals sector has yet to deliver cash flow or returns to investors across the full cycle. To achieve profitability, shale producers will need to transform their organizations and shift their strategic focus from growth to value creation. Oil & Gas Insights

How to avoid a sales slump after a busy period

TradeGecko

Without proper planning, this can mean lots of excess stock on the shelves, poor cash flow, and a myriad of other consequences. Most merchants know that busy sales periods like the holiday season or promotional periods are often followed by a sales slump. Insights & Analysis Productivity

The Food Industry Learns the Value of Small Batch Thinking

Markovitz Consulting

That places a huge cash burden on the distributors and suppliers. The cash flow model is incredible,” said Adrian Hoffman, an owner of Four Star Seafood in San Francisco. Selling directly to consumers is almost a better business in that it spits out enough cash to pay off everything we owed.” The disruption caused by COVID-19 has forced businesses to adopt new ways of operating.

Coronavirus & Consulting Offers

Tom Spencer

If the firms don’t have a strong balance sheet, if they foresee a potential cash flow problem, or if they have clients in particularly hard hit industries, I’d be concerned. Reading Time: 3 minutes. The coronavirus epidemic has rattled the planet.

Asset Management – Valuation (Part 2 of 4)

Tom Spencer

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. For very good periods of performance that management feels may not continue, they may choose to park cash opportunistically or repurchase shares.

Case Math

Tom Spencer

Net Present Value: The NPV of an investment is the present value of the series of expected future cash flows generated by the investment minus the cost of the initial investment. Where r = discount rate; CFt = expected cash flow in year t; CFn = expected cash flow in final year; g = long term cash flow growth rate. Perpetuity: A perpetuity is a constant stream of identical cash flows with no end. (Source: Flickr ).

The 2 Missing Steps to Good Strategy Execution

LSA Global

An Example – A Strategic Objective to Increase Cash Flow. Let’s take an example of a strategic initiative to increase cash flow. Is the concept of cash flow crystal clear to all employees? Are the current and desired levels of cash flow clear? Does everyone understand why improved cash flow matters compared to other priorities? Good Strategy Execution.

When You’re In Over Your Head…

Martinka Consulting

It doesn’t matter if it’s beer, widgets, aerospace, or something else, manageable growth with attention paid to margins and cash flow is what you want. And, whether personal or business, manage your debt, your cash flow, and your growth so you don’t fall off the cliff. AB InBev, which makes one out of every four beers sold worldwide and owns hundreds of brands is selling assets in Australia, Asia, and Central America.

Do you have assets?

Tom Spencer

These might include things like cash, inventory, property, plant and equipment. Looking at it this way, assets will be resources that increase in value or generate cash flow. You may have one eye on cash flows, but you are basically trying to ensure your organisation’s long term survival and prosperity. (Source: Flickr ). When can you consider something that you have to be an asset?

Mergers & Acquisitions: Valuation

Tom Spencer

Valuation of discounted expected future cash flows. If the goal is diversification, then calculating the present value of future cash flows would be appropriate (DCF valuation). “Price is what you pay. Value is what you get.” ” ~ Warren Buffett.

Surviving in a Procyclical Industry

Tom Spencer

During economic downturns these prospective clients typically have less money, or more uncertain cash flows, and so are less likely to spend money on consulting services. (Source: Flickr ). Management consulting is a service industry that earns its keep by serving large organisations – corporate, non-profit and government.

You’ve Got Some ‘Splainin’ To Do!

The More Clients Blog

Do you improve profitability, increase sales, reduce costs, improve customer service, increase cash flow or help them get the job they’ve always wanted? Like Lucy Riccardo (Lucile Ball), you’ve got a lot of ‘splainin’ to do. About your business.

Is It Time to Consider a Fixed Fee for Your Consulting Services?

Successful Independent Consulting

It’s also easier to bill in installments, including a down payment, so you can get cash flowing sooner. Generally, the more experience you have as an independent consultant, the more likely you should move from billing by the hour to a fixed fee. At some point you’ll master your specialty and work much more efficiently than others. This means to earn what your services are truly worth, you’ll have to keep raising your hourly rates.

Do you have assets?

Tom Spencer

These might include things like cash, inventory, property, plant and equipment. Looking at it this way, assets will be resources that increase in value or generate cash flow. You may have one eye on cash flows, but you are basically trying to ensure your organisation’s long term survival and prosperity. (Source: Flickr ). When can you consider something that you have to be an asset?

Balancing the Scale

Tom Spencer

Increasing production tends to lead to higher cash flows, and managers who were previously focused on production, innovation and bottom line results start to shift their focus towards turf battles and extreme careerism. Scale improves productivity but also increases bureaucracy. Scale can help a company to produce more output at lower average costs. However, production at scale also leads to unhelpful bureaucracy.

Investing in Gold ETFs

Tom Spencer

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. During a financial crisis, it may not be possible to convert shares in a gold ETF into gold — only cash. Reading Time: 4 minutes.

How I Became a Millionaire as an Independent Consultant

Successful Independent Consulting

As an independent consultant, cash flow is erratic. I always had the cash I needed to make my quarterly tax payments, and at the end of the tax year I usually had about $25,000 to put into my SEP-IRA. (A Recently I logged into my retirement accounts and was surprised (and pleased!) to see that I had crossed the million-dollar mark. I don’t consider myself rich. In fact, money is usually tight at the end of the month. Yet my bank account says I’m a millionaire.

Why Life Insurers and Asset Managers Must Join Forces to Win

BCG

The result: investments are managed opportunistically as each faction seeks to optimize its own favored KPI quarter by quarter—whether it is cash flow, earnings, solvency, market risk exposure, rating requirements, or investment performance. Article Thursday, December 15, 2016 Life insurers are feeling the squeeze. The industry’s overall business growth has stalled, and investment income has become a critical mainstay.

Trust Based Business

Tom Spencer

Corporate executives and senior managers who studied discounted cash flow models and the CAPM model as part of expensive MBA programs from prestigious institutions of higher learning never stopped to learn the value of human connection, or the value of generating customer delight. I recently bought a coffee from Quarter Horse Coffee , my new favorite Oxford coffee house.

Driving Sustainable Growth at an Inflection Point

Brimstone Consulting

Further, many key operational mechanisms, such as cash flow, roles and responsibilities, market strategy, financing, inventory management, were not yet in place. CASE STUDY. Revenue increased by 34 times. Brimstone worked side-by-side with an early-stage consumer goods organization to pursue its vision, build a strategic plan, develop roles and operating mechanisms, and to drive sustainable growth at a challenging inflection point.