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The Corona Virus for Small Businesses

Consultant Journal

How should small business owners manage the corona virus, aka COVID-19 ? At Consultant Journal, we know many entrepreneurs, small business owners and consultants wonder about the business impact. In the meantime, based on current information, you can take the following steps: Managing Employees.

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Transitioning from Management Consulting to Corporate Strategy/M&A – the Interview Process

Tom Spencer

Many management consultants hardly complete two or three years in their jobs before they realize that there’s more to life than consulting. According to the Ivey Business Journal it has two parts: Improving the competitive strategies of operating units by capturing inter-divisional synergies; and. What is corporate strategy?

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Overleverage is Why Banks Shouldn’t Think Like Investors

Martinka Consulting

On April 5 the Wall Street Journal had a frontpage article titled, “ Small-Business Owners Feel Weight of Personal Debt Guarantees. Here’s a quote from the article, “ Banks don’t want to pursue guarantees,” said Alan Thomes, a managing director in charge of SBA lending at Cadence Bank N.A., It’s our desire to work it out,” he added.

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Financial Shenanigans Versus Incompetence

Martinka Consulting

The Wall Street Journal and others recently reported about an accounting expert who had predicted the Madoff Ponzi scheme and recently went after GE for what he said are their deceptive accounting practices (of course, GE responded this person didn’t know what he was talking about).

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Inflate the Swimming Toys Not Your Assets

Martinka Consulting

On August 24 my phone buzzed with a news flash from The Wall Street Journal. Cash flow is, however, the tricky one. Small business accounting tends to make cash flow a moving target anyway and a lot of owners “manage by checkbook.” The reason is supposedly “to secure favorable loans and tax benefits.”.

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Economies of Scope - Tom Spencer consulting blog

Tom Spencer

ECONOMIES OF SCOPE is an idea that was first explored by John Panzar and Robert Willig in an article published in 1977 in the Quarterly Journal of Economics entitled “ Economies of Scale in Multi-Output Production ”. More stable cash flows are attractive for three reasons. Management Consulting. increased overhead costs.

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Growth by Acquisition Isn’t for Everybody

Martinka Consulting

In fact, I start out speaking engagements on buying a business by telling the audience (usually management and executive level people0 there’s a good chance it’s not for them. While all buyers want capable employees, most strategic buyers (that’s you) also prefer to see a solid management team in place.