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This post was written by my good friend, George Walden II, a principal in the Houston office of Corporate Finance Associates. George has extensive experience as a middle-market investment banker, having successfully completed more than thirty transactions worth over $150 million. George is an excellent source of realistic yet practical advice on corporate finance. So [...] Â Â Â I have noticed that it is not uncommon to hear the terms, Financial Manager, Vice President of Finance, Controller, Treasurer and Chief Financial Officer used interchangeably, as though each term means the same thing. Â Â Â In reality, Financial Manager, VP-Finance and CFO encompass the same activities, and these activities tend to be broader in scope than [...] The ultimate goal of proper financial management is to ensure that your company has the maximum value possible when the time comes to sell. However, you should not wait until you want to sell your company before you do a valuation. Just as a periodic due diligence review helps you identify where your processes [...] You know that you should obtain a valuation of your company when you decide to sell your business. However, proper financial management dictates that you obtain a valuation of your company at other times as well. For example, you want to get a value when you set up an equity sharing plan, transfer stock, execute [...] Every day, technology becomes a more integral part of our lives. As the technology gurus find even more ways to automate daily tasks, either with new, compact hardware or a sophisticated software program, I am seeing more requests for funding to develop and commercialize a new technology. Such requests are often referred to as “black [...] Over the years, many companies have asked me to help them obtain financing for their company. Often, a shortage of cash to pay vendors or meet payroll was the first indicator that they needed to borrow. Sadly, by the time some companies realize they need a line of credit, their financial condition makes them ineligible [...] |
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