Death, Taxes and Forecast Error
Focus on what you can actually Control As you read this we are in the middle of re-starting a business that was on the verge of shutting down just three months ago. It’s an interesting story for another time, but suffice it to say we need a forecast for a lot of reasons. The problem […]
Read More...Dark Matter and the Profits it Destroys
According to Wikipedia, “dark matter” is an unidentified type of matter that explains a number of otherwise puzzling astronomical observations. It is basically un-seeable. Scientists think it’s there but it is hard to observe and quantify. That makes it almost unscientific but, generally speaking, scientists think it’s real. We see a similar phenomenon in business […]
Read More...Costs Are Like a Waterbed
How to Really Lower Costs I heard the phrase “costs are like a waterbed” recently in a discussion about how expense management often doesn’t live up to expectations. Press cost down in one area, and it inevitably increases somewhere else. For instance, a concrete manufacturer chose to postpone routine maintenance expenses to save $5,000. The […]
Read More...Experienced Leadership Makes Navigating Chapter 11 Easier, Faster, Better
Sixty days prior to calling us, a $10MM consulting company had filed for Chapter 11 bankruptcy. Unsure how to operate under the bankruptcy rules and unfamiliar with the processes and procedures, the company had not filed required monthly operating reports, yet wanted to exit bankruptcy quickly. The cash was almost gone but significant new contracts […]
Read More...Concrete Products: Refocusing Resources Builds Morale and Profits
Our client, a multi-million dollar precast concrete manufacturer, brought in Momentum Advisors when the company was in crisis. Two consecutive years of losses had placed a heavy strain on the banking relationships. The plant operated substantially under capacity, and the business encountered an increasingly difficult time sourcing resale products, both causing increasing cash burn. Because […]
Read More...Would You Buy Your Own Business?
The Answer is in the Process. It’s a powerful question if you are honest with yourself. Imagine for a moment that you did not already own a business and an exact replica of the one you currently own was for sale. Would you buy it? Is yours one of the good ones? Are you better […]
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