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.

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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.

How to set a good cash flow and financial management?

Consulthon

Our company needs to put in order the cashflow and financial management. I am not aware where to start and how to prioritise the following task. Are they the right tasks to follow or there are some

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.

How Digital Currencies Can Help Small Businesses

Harvard Business Review

They could reduce payment processing costs and cash flow issues. Blockchain Digital transformation Economics Finance and investing Technology and analytics Digital Article

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.

Nine Things to Think About Before Taking the Leap to Independent Consulting

Successful Independent Consulting

Cash flow – This can be the hardest part of being self-employed. Relatedly, your cash flow will likely be erratic. See the point above about erratic cash flow.) While a severance package can ease the cash-flow crunch, being laid off can be demoralizing.

How to manage Cashflows?

Consulthon

Hi, How to manage better my cash flows (to achieve better budgeting and invoicing

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

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

Ten Factors to Consider Before Jumping into Independent Consulting

Successful Independent Consulting

Money management · Cash flow – This is probably the hardest part about being self-employed, especially if you are going to work with large companies. See the point above about erratic cash flow!) Do you have the cash to make ends meet?

5 Steps to Becoming a Millionaire as a Solopreneur

Successful Independent Consulting

Cash flow will be erratic, and it takes time (sometimes years) before you feel confident about making a living as a solopreneur. My cash flow was erratic as an independent consultant, ranging from $5,000 to $28,000 a month.

LIVE: How to Make Your Workplace More Inclusive & Accessible

Strategic Planning and Management Insights

times higher cash flow per employee. In a 2015 study, Deloitte reported that diverse companies earned 2.3 And while diversity may just be a measure of success, inclusion is the ultimate goal.

How to effectively manage the cashflow in an innovative way?

Consulthon

Hi All, With all the innovation and products on the market to support small and medium companies, how to manage cash flow and keep the money rolling in? I would like my accounting team to move away

How to manage a strapped budget?

Consulthon

Hi All, Even if our company has a good level of cash flow, it looks like we have a strapped budget to fully reach the customers with our products/services. I have never believed that we will reach

Should Consultants Charge an Upfront Fee or Charge at the End of a Project?

Steve Shu Consulting

One day the CEO announces that the company would proactively declare Chapter 11 bankruptcy even though we had cash and lots of assets. However, consulting firms have cash flow considerations to make. This is an answer to a question I was posed on Quora.

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

Use your hips

Seth Godin Blog

The biggest muscles are around the hips, just as the biggest leverage comes from our approach to cash flow, market presence and hiring. There’s almost no sport or physical activity where that advice isn’t useful. Ping pong. Dancing.

Thoughts on Blockchain & Crypto

CaseInterview.com

So, instead of cash, check, credit card, Venmo, PayPal, or Apple Pay, one would use crypto. Cryptocurrencies don’t produce a monthly cash flow like, say, renting out a home or building full of apartments (or flats). So, it’s not inherently a cash-flow-producing type of asset.

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.

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 ).

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.

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?

I’m in the 2021 Write Stuff Bundle!

Johanna Rothman

Cash Flow for Creators could only come from Michael W Lucas. This book explains how to use your creativity and manage your cash flow so you can succeed—especially if you're just starting out. I like to read, as well as to write. You are not surprised.)

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.

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.

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.

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.

How to Get Client Testimonials

The Fearless Marketer

This is a good testimonial: “When I came to James, the cash flow in my business was in chaos and my profitability was down despite increasing my business volume in the past year. We now have a good, positive cash flow each and every month, and profitability is up by 13%.

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.

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.

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.

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.

Martinka Consulting - Untitled Article

Martinka Consulting

He knew cash flow. Or should we say he knew short-term cash flow. He watched his cash flow like a hawk. A December 2, 2016 Wall Street Journal article was titled, “ Car Sales Roll Along; Aided by Discounts.*” The gist of the article was sales are up over the same month a year earlier and the average discount was 11%, versus 9.4% in 2015. This reminded me of a story I tell in a couple of my talks.

26 Exceptional Employee Engagement Quotes

Rick Conlow

There are only three measurements that tell you nearly everything you need to know about your organization’s overall performance: employee engagement, customer satisfaction, and cash flow.”