You have just completed either your PPP or EIDL application through the bank or the SBA. Think you’re done with your financing options for the next 6-9 months? Think again. You’ll still need access to debt capital – but there will be no guarantees that your bank will welcome you with open arms.
[Read more…] about Loan Packaging 101 Using the CRAWL Method
SBA Funding and Potential Unintended Consequences
Every action we take has potentially unintended consequences. Never has this been more true as small businesses that have been badly bloodied by the coronavirus crisis look to the Small Business Administration for relief. Options exist, but which one? That’s the question Bruce and Mark tackle on this week’s podcast.
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Understanding Loss of Income Insurance During COVID-19
During the second week of March, I started getting concerned about business loss insurance for the clients I serve. I wasn’t worried if we had it – most have that coverage. The question was, “Was it excluded by the carrier?” This week’s guest on the podcast helps us to unpack that question and many more about this coverage.
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Revisiting the Stockdale Paradox
While the story had already been told, Jim Collins in Good to Great brought us the story of Admiral James Stockdale who was a prisoner of war for 8 years during the Vietnam War. In the book, Collins coined the term The Stockdale Paradox because prisoners who were the optimists died of a broken heart.
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Time to Revisit Scenario Planning?
Remember the first financial models you created earlier in your career? You generally had three scenarios – best case, worst case, and likely case. In light of the current pandemic, Bruce Reed and Mark Gandy revisit scenario planning and a few strong practices to amp up your models.
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A Chat With Kate McKeown
All I can say is, “Wow.” Kate McKeown is an amazing person and this business historian marvels at Kate’s business background. Kate is the co-author of Beyond IBM, and she co-wrote it with the late Lou Mobley.
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The Inaugural Show
After going live with CFO Bookshelf about a year ago, it’s time now to go audio. In our very first episode, we mention a few book suggestions and Bruce Reed, the CFO of PracticeLink, joins Mark to talk about why financial leaders should read.
[Read more…] about The Inaugural Show