There’s an old fable in business about The Chicken and The Pig. Long story short: the Chicken is involved; the Pig is committed. Real, committed leadership is about being the Pig, not the Chicken.
Business owners should educate themselves on non-bank capital alternatives, such as high interest rate debt. Most businesses face adversity at some point. Understanding what options are available can be the difference between success and failure.
Directors must protect their shareholders’ tangible and intangible assets, regardless of the form of the threat. Directors need to initiate protective actions and provide on-going oversight for cybersecurity.
Conflicts between business partners are nearly inevitable. Thankfully, there are a number of ways for parties to negotiate up-front. Precautionary agreements give you space to resolve issues more easily or, at least, provide a picture of what the result will be when resolution is not possible.
Even if your business does not have a line of credit—or another type of loan with a bank or other professional lender (e.g. credit unions, non-bank asset based lenders, etc.)—it nonetheless borrows every time it buys on credit, defers payables or pays its employees in arrears.
A litigation finance company sues for fraud relating to fraudulent litigation.
The Financial Accounting Standards Board (FASB) recently changed revenue recognition standards, introducing many new aspects that accountants need to understand as they advise their clients in 2017.
In Episode 91, Chris Cahill and Jeff Pomerantz, President of the American Bankruptcy Institute and member of Pachulski Stang Ziehl & Jones LLP, discuss retail and Chapter 11 bankruptcy.
AP can be broken down into two categories – trade payables and expense payables. Trade payables are generally for the purchase of goods that are included in inventory and subsequently sold (liquor and beer). Expense payables include goods or services that are expensed such as supplies, utilities and cleaning services.
Episode 89 brings us Albert Periu, co-head of Capital Markets at Funding Circle, which provides secured loans to small businesses that Banks do not typically serve, while offering speed and transparency fostered by digital technology. The show looks at the borrower and the investor (in effect, the lender) perspective.